SOLAA: 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.
SOLAA
Largest movements
- Receivables within one year -€119,047
down €119,047 (-99.9%), from €119,217 to €170
of which Other amounts receivable: -€119,217
- Current investments +€74,880
up €74,880 (+23.9%), from €313,623 to €388,503
- Tangible fixed assets -€58,041
down €58,041 (-7.1%), from €812,751 to €754,710
of which Land and buildings: -€56,416
- Cash -€15,075
down €15,075 (-12.6%), from €119,563 to €104,488
mainly Debts after one year (-€155,690) and Other debts (-€89,233)
- Debts after one year -€155,690
no longer reported in 2026 (was €155,690)
- Reserves +€131,000
up €131,000 (+14.2%), from €923,500 to €1.1m
of which Distributable reserves: +€371,000
- Other debts -€89,233
down €89,233 (-40.4%), from €221,000 to €131,767
- Current portion of long-term debt -€15,507
no longer reported in 2026 (was €15,507)
- Gross operating margin +€289,564
up €289,564 (+194.9%), from €148,537 to €438,101
- Taxes +€76,365
up €76,365 (+257.5%), from €29,654 to €106,019
- Financial charges +€73,873
up €73,873 (+1366.2%), from €5,407 to €79,281
- Financial income +€17,139
up €17,139 (+274.4%), from €6,246 to €23,386
- Depreciation +€9,729
up €9,729 (+20.1%), from €48,311 to €58,041
From the 2025 result to the 2026 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 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,368,108 | €1,250,857 | -€117,250 | -8.6% |
| Fixed assets | 21/28 | €812,801 | €754,760 | -€58,041 | -7.1% |
| Tangible fixed assets | 22/27 | €812,751 | €754,710 | -€58,041 | -7.1% |
| Land and buildings | 22 | €809,403 | €752,987 | -€56,416 | -7.0% |
| Furniture and vehicles | 24 | €377 | €88 | -€289 | -76.7% |
| Other tangible fixed assets | 26 | €2,971 | €1,635 | -€1,336 | -45.0% |
| Financial fixed assets | 28 | €50 | €50 | = | 0.0% |
| Current assets | 29/58 | €555,307 | €496,097 | -€59,209 | -10.7% |
| Amounts receivable within one year | 40/41 | €119,217 | €170 | -€119,047 | -99.9% |
| Trade receivables | 40 | - | €170 | +€170 | |
| Other amounts receivable | 41 | €119,217 | - | -€119,217 | |
| Current investments | 50/53 | €313,623 | €388,503 | +€74,880 | +23.9% |
| Cash at bank and in hand | 54/58 | €119,563 | €104,488 | -€15,075 | -12.6% |
| Deferred charges and accrued income | 490/1 | €2,904 | €2,936 | +€32 | +1.1% |
| Total equity and liabilities | 10/49 | €1,368,108 | €1,250,857 | -€117,250 | -8.6% |
| Equity | 10/15 | €938,875 | €1,070,304 | +€131,428 | +14.0% |
| Contributions | 10/11 | €14,260 | €14,260 | = | 0.0% |
| Reserves | 13 | €923,500 | €1,054,500 | +€131,000 | +14.2% |
| Non-distributable reserves | 130/1 | €240,000 | - | -€240,000 | |
| Other | 1319 | €240,000 | - | -€240,000 | |
| Distributable reserves | 133 | €683,500 | €1,054,500 | +€371,000 | +54.3% |
| Profit (loss) carried forward | 14 | €1,115 | €1,544 | +€428 | +38.4% |
| Amounts payable | 17/49 | €429,232 | €180,554 | -€248,678 | -57.9% |
| Amounts payable after more than one year | 17 | €155,690 | - | -€155,690 | |
| Financial debts | 170/4 | €155,690 | - | -€155,690 | |
| Amounts payable within one year | 42/48 | €273,417 | €179,204 | -€94,213 | -34.5% |
| Current portion of amounts payable after more than one year | 42 | €15,507 | - | -€15,507 | |
| Trade debts | 44 | €5,288 | €7,114 | +€1,825 | +34.5% |
| Suppliers | 440/4 | €5,288 | €7,114 | +€1,825 | +34.5% |
| Taxes, remuneration and social security | 45 | €31,622 | €40,323 | +€8,702 | +27.5% |
| Taxes | 450/3 | €31,622 | €40,323 | +€8,702 | +27.5% |
| Other amounts payable | 47/48 | €221,000 | €131,767 | -€89,233 | -40.4% |
| Accrued charges and deferred income | 492/3 | €125 | €1,350 | +€1,225 | +980.0% |
| Non-recurring operating income | 76A | - | €16,000 | +€16,000 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €48,311 | €58,041 | +€9,729 | +20.1% |
| Other operating charges | 640/8 | €633 | €1,718 | +€1,085 | +171.4% |
| Gross operating margin | 9900 | €148,537 | €438,101 | +€289,564 | +194.9% |
| Operating profit (loss) | 9901 | €99,592 | €378,342 | +€278,750 | +279.9% |
| Financial income | 75/76B | €6,246 | €23,386 | +€17,139 | +274.4% |
| Recurring financial income | 75 | €6,246 | €23,386 | +€17,139 | +274.4% |
| Financial charges | 65/66B | €5,407 | €79,281 | +€73,873 | +1366.2% |
| Recurring financial charges | 65 | €5,407 | €79,281 | +€73,873 | +1366.2% |
| Profit (loss) for the period before taxes | 9903 | €100,431 | €322,447 | +€222,016 | +221.1% |
| Income taxes | 67/77 | €29,654 | €106,019 | +€76,365 | +257.5% |
| Profit (loss) for the period | 9904 | €70,777 | €216,428 | +€145,651 | +205.8% |
| Profit (loss) for the period to be appropriated | 9905 | €70,777 | €216,428 | +€145,651 | +205.8% |
Source: filed annual accounts (NBB), fiscal years ended 31 March 2025 and 31 March 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.