SOL-EX: what changed
Two financial years side by side, explained: what moved most in the balance sheet and the result, why the result rose or fell, and where the money went.
What changed
SOL-EX
NACE 39.000, Remediation activities and other waste management service activities
financial year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€66,236
2024 · €68,457-€2,222
Equity
€261,518
2024 · €230,282+€31,236
Cash
€119,434
2024 · €113,765+€5,669
Balance sheet total
€550,087
2024 · €596,993-€46,906
Largest movements
Assets
- Tangible fixed assets -€34,589
down €34,589 (-16.8%), from €205,472 to €170,883
of which Other tangible fixed assets: -€27,946
- Receivables within one year -€16,269
down €16,269 (-6.1%), from €264,783 to €248,513
of which Trade receivables: -€27,534
Equity and liabilities
- Advances received -€40,076
down €40,076 (-63.2%), from €63,399 to €23,323
- Profit (loss) carried forward +€31,236
up €31,236 (+14.9%), from €209,822 to €241,058
- Trade debts -€23,997
down €23,997 (-29.4%), from €81,559 to €57,562
- Other debts +€23,324
up €23,324 (+63.9%), from €36,500 to €59,824
- Current portion of long-term debt -€18,065
down €18,065 (-36.5%), from €49,523 to €31,458
Income statement
- Staff costs +€56,497
up €56,497 (+13.3%), from €424,776 to €481,274
- Gross operating margin +€43,570
up €43,570 (+7.6%), from €576,432 to €620,003
- Depreciation -€12,612
down €12,612 (-22.7%), from €55,493 to €42,881
From the 2024 result to the 2025 result
Each bar is the change in one income-statement line, as its effect on the result: higher costs pull it down, higher income lifts it.
Result 2024
€68,457
Gross operating margin
+€43,570
Staff costs
-€56,497
Depreciation
+€12,612
Provisions
-€3,400
Other operating charges
+€135
Financial income
-€66
Financial charges
+€789
Taxes
+€634
Result 2025
€66,236
Cash bridge derived
Derived from the 2024 and 2025 balance sheets and the 2025 result: not a filed cash-flow statement. It shows where the money came from and went.
From operations
+€85,993
Investment
-€9,292
Financing
-€71,032
Cash 2024
€113,765
From operations (derived)
+€85,993
Net result for the year
+€66,236
Depreciation
+€42,881
Receivables within one year
+€16,269
Deferred charges and accrued income
+€2,717
Provisions
+€3,400
Trade debts
-€23,997
Tax, wage and social debts
-€5,490
Advances received
-€40,076
Other debts
+€23,324
Accrued charges and deferred income
+€730
Investment (derived)
-€9,292
Investment in fixed assets (net)
-€9,292
Financing
-€71,032
Debts after one year
-€17,967
Current portion of long-term debt
-€18,065
Contributions, distributions and other
-€35,000
Cash 2025
€119,434
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €596,993 | €550,087 | -€46,906 | -7.9% |
| Fixed assets | 21/28 | €205,472 | €171,883 | -€33,589 | -16.3% |
| Tangible fixed assets | 22/27 | €205,472 | €170,883 | -€34,589 | -16.8% |
| Plant, machinery and equipment | 23 | €252 | €2,417 | +€2,165 | +860.8% |
| Furniture and vehicles | 24 | €22,437 | €13,629 | -€8,808 | -39.3% |
| Other tangible fixed assets | 26 | €182,784 | €154,838 | -€27,946 | -15.3% |
| Financial fixed assets | 28 | - | €1,000 | +€1,000 | |
| Current assets | 29/58 | €391,521 | €378,204 | -€13,317 | -3.4% |
| Amounts receivable within one year | 40/41 | €264,783 | €248,513 | -€16,269 | -6.1% |
| Trade receivables | 40 | €232,756 | €205,221 | -€27,534 | -11.8% |
| Other amounts receivable | 41 | €32,027 | €43,292 | +€11,265 | +35.2% |
| Cash at bank and in hand | 54/58 | €113,765 | €119,434 | +€5,669 | +5.0% |
| Deferred charges and accrued income | 490/1 | €12,974 | €10,256 | -€2,717 | -20.9% |
| Total equity and liabilities | 10/49 | €596,993 | €550,087 | -€46,906 | -7.9% |
| Equity | 10/15 | €230,282 | €261,518 | +€31,236 | +13.6% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €209,822 | €241,058 | +€31,236 | +14.9% |
| Provisions and deferred taxes | 16 | €3,550 | €6,950 | +€3,400 | +95.8% |
| Provisions for liabilities and charges | 160/5 | €3,550 | €6,950 | +€3,400 | +95.8% |
| Environmental obligations | 163 | €3,550 | €6,950 | +€3,400 | +95.8% |
| Amounts payable | 17/49 | €363,161 | €281,619 | -€81,542 | -22.5% |
| Amounts payable after more than one year | 17 | €68,942 | €50,974 | -€17,967 | -26.1% |
| Financial debts | 170/4 | €68,942 | €50,974 | -€17,967 | -26.1% |
| Amounts payable within one year | 42/48 | €294,214 | €229,909 | -€64,305 | -21.9% |
| Current portion of amounts payable after more than one year | 42 | €49,523 | €31,458 | -€18,065 | -36.5% |
| Trade debts | 44 | €81,559 | €57,562 | -€23,997 | -29.4% |
| Suppliers | 440/4 | €81,559 | €57,562 | -€23,997 | -29.4% |
| Advances received on contracts in progress | 46 | €63,399 | €23,323 | -€40,076 | -63.2% |
| Taxes, remuneration and social security | 45 | €63,232 | €57,742 | -€5,490 | -8.7% |
| Taxes | 450/3 | €21,880 | €12,695 | -€9,185 | -42.0% |
| Remuneration and social security | 454/9 | €41,352 | €45,047 | +€3,695 | +8.9% |
| Other amounts payable | 47/48 | €36,500 | €59,824 | +€23,324 | +63.9% |
| Accrued charges and deferred income | 492/3 | €6 | €736 | +€730 | +12586.6% |
| Remuneration, social security and pensions | 62 | €424,776 | €481,274 | +€56,497 | +13.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €55,493 | €42,881 | -€12,612 | -22.7% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | €0 | €3,400 | +€3,400 | |
| Other operating charges | 640/8 | €2,194 | €2,059 | -€135 | -6.2% |
| Gross operating margin | 9900 | €576,432 | €620,003 | +€43,570 | +7.6% |
| Operating profit (loss) | 9901 | €93,969 | €90,389 | -€3,580 | -3.8% |
| Financial income | 75/76B | €136 | €70 | -€66 | -48.4% |
| Recurring financial income | 75 | €136 | €70 | -€66 | -48.4% |
| Financial charges | 65/66B | €4,009 | €3,219 | -€789 | -19.7% |
| Recurring financial charges | 65 | €4,009 | €3,219 | -€789 | -19.7% |
| Profit (loss) for the period before taxes | 9903 | €90,096 | €87,240 | -€2,856 | -3.2% |
| Income taxes | 67/77 | €21,639 | €21,004 | -€634 | -2.9% |
| Profit (loss) for the period | 9904 | €68,457 | €66,236 | -€2,222 | -3.2% |
| Profit (loss) for the period to be appropriated | 9905 | €68,457 | €66,236 | -€2,222 | -3.2% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 12 October 2026 via checked.be.