Sol1: what changed
Two fiscal 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.
Sol1
Largest movements
- Intangible fixed assets +€135,810
up €135,810 (+19.0%), from €716,336 to €852,146
- Cash +€81,853
up €81,853 (+107.9%), from €75,828 to €157,681
mainly Debts after one year (+€334,708) and Depreciation (+€327,504)
- Receivables within one year +€55,188
up €55,188 (+48.6%), from €113,564 to €168,752
of which Trade receivables: +€87,284
- Debts after one year +€334,708
up €334,708 (+564.5%), from €59,292 to €394,000
- Accrued charges and deferred income -€147,771
down €147,771 (-93.6%), from €157,849 to €10,078
- Short-term financial debts +€100,000
new in 2025: €100,000
- Profit (loss) carried forward +€91,586
up €91,586 (+324.0%), from €28,265 to €119,851
- Trade debts -€89,903
down €89,903 (-18.6%), from €484,347 to €394,444
- Gross operating margin +€94,079
up €94,079 (+6.9%), from €1.4m to €1.5m
- Depreciation +€88,583
up €88,583 (+37.1%), from €238,921 to €327,504
- Staff costs -€61,847
down €61,847 (-5.7%), from €1.1m to €1.0m
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €924,997 | €1,195,412 | +€270,414 | +29.2% |
| Fixed assets | 21/28 | €735,606 | €868,979 | +€133,373 | +18.1% |
| Intangible fixed assets | 21 | €716,336 | €852,146 | +€135,810 | +19.0% |
| Tangible fixed assets | 22/27 | €19,270 | €16,833 | -€2,437 | -12.6% |
| Plant, machinery and equipment | 23 | €18,382 | €16,833 | -€1,550 | -8.4% |
| Furniture and vehicles | 24 | €888 | - | -€888 | |
| Current assets | 29/58 | €189,392 | €326,433 | +€137,041 | +72.4% |
| Amounts receivable within one year | 40/41 | €113,564 | €168,752 | +€55,188 | +48.6% |
| Trade receivables | 40 | €79,800 | €167,084 | +€87,284 | +109.4% |
| Other amounts receivable | 41 | €33,764 | €1,668 | -€32,096 | -95.1% |
| Cash at bank and in hand | 54/58 | €75,828 | €157,681 | +€81,853 | +107.9% |
| Total equity and liabilities | 10/49 | €924,997 | €1,195,412 | +€270,414 | +29.2% |
| Equity | 10/15 | €28,365 | €119,951 | +€91,586 | +322.9% |
| Contributions | 10/11 | €100 | €100 | = | 0.0% |
| Profit (loss) carried forward | 14 | €28,265 | €119,851 | +€91,586 | +324.0% |
| Amounts payable | 17/49 | €896,632 | €1,075,461 | +€178,828 | +19.9% |
| Amounts payable after more than one year | 17 | €59,292 | €394,000 | +€334,708 | +564.5% |
| Financial debts | 170/4 | €59,292 | €394,000 | +€334,708 | +564.5% |
| Amounts payable within one year | 42/48 | €679,492 | €671,383 | -€8,109 | -1.2% |
| Financial debts | 43 | - | €100,000 | +€100,000 | |
| Other loans | 439 | - | €100,000 | +€100,000 | |
| Trade debts | 44 | €484,347 | €394,444 | -€89,903 | -18.6% |
| Suppliers | 440/4 | €484,347 | €394,444 | -€89,903 | -18.6% |
| Taxes, remuneration and social security | 45 | €193,120 | €158,777 | -€34,343 | -17.8% |
| Taxes | 450/3 | €7,272 | - | -€7,272 | |
| Remuneration and social security | 454/9 | €185,849 | €158,777 | -€27,072 | -14.6% |
| Other amounts payable | 47/48 | €2,024 | €18,162 | +€16,138 | +797.2% |
| Accrued charges and deferred income | 492/3 | €157,849 | €10,078 | -€147,771 | -93.6% |
| Remuneration, social security and pensions | 62 | €1,092,909 | €1,031,062 | -€61,847 | -5.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €238,921 | €327,504 | +€88,583 | +37.1% |
| Other operating charges | 640/8 | €513 | €400 | -€114 | -22.1% |
| Gross operating margin | 9900 | €1,358,170 | €1,452,249 | +€94,079 | +6.9% |
| Operating profit (loss) | 9901 | €25,826 | €93,282 | +€67,456 | +261.2% |
| Financial income | 75/76B | €59 | €50 | -€9 | -15.6% |
| Recurring financial income | 75 | €59 | €50 | -€9 | -15.6% |
| Financial charges | 65/66B | €14,587 | €1,494 | -€13,093 | -89.8% |
| Recurring financial charges | 65 | €14,587 | €1,494 | -€13,093 | -89.8% |
| Profit (loss) for the period before taxes | 9903 | €11,299 | €91,839 | +€80,540 | +712.8% |
| Income taxes | 67/77 | - | €253 | +€253 | |
| Profit (loss) for the period | 9904 | €11,299 | €91,586 | +€80,287 | +710.6% |
| Profit (loss) for the period to be appropriated | 9905 | €11,299 | €91,586 | +€80,287 | +710.6% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 1 October 2026 via checked.be.