SOLAAN: 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.
SOLAAN
Largest movements
- Tangible fixed assets +€3.3m
up €3.3m (+2,366%), from €140,138 to €3.5m
of which Land and buildings: +€3.1m
- Cash +€1.8m
up €1.8m (+7,070%), from €25,570 to €1.8m
mainly Debts after one year (+€2.7m) and Current investments (+€1.6m)
- Current investments -€1.6m
down €1.6m (-38.0%), from €4.3m to €2.7m
- Debts after one year +€2.7m
new in 2025: €2.7m
- Profit (loss) carried forward +€803,282
up €803,282 (+771%), from €104,229 to €907,511
- Other debts -€169,450
down €169,450 (-42.1%), from €402,474 to €233,024
- Financial income +€1.2m
up €1.2m (+4,347%), from €26,751 to €1.2m
- Depreciation +€243,298
up €243,298 (+1,091%), from €22,304 to €265,601
- Financial charges +€82,197
up €82,197 (+2,819%), from €2,916 to €85,113
- Gross operating margin -€36,927
down €36,927, from €5,440 to -€31,488
- Other operating charges -€5,385
down €5,385 (-72.3%), from €7,448 to €2,063
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.
Derived cash bridge
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 | €4,610,353 | €8,106,321 | +€3.5m | +75.8% |
| Fixed assets | 21/28 | €294,251 | €3,609,606 | +€3.3m | +1,127% |
| Tangible fixed assets | 22/27 | €140,138 | €3,455,493 | +€3.3m | +2,366% |
| Land and buildings | 22 | - | €3,065,775 | +€3.1m | |
| Furniture and vehicles | 24 | €136,615 | €104,831 | -€31,784 | -23.3% |
| Other tangible fixed assets | 26 | €3,523 | €3,523 | = | 0.0% |
| Assets under construction and advance payments | 27 | - | €281,364 | +€281,364 | |
| Financial fixed assets | 28 | €154,113 | €154,113 | = | 0.0% |
| Current assets | 29/58 | €4,316,102 | €4,496,715 | +€180,613 | +4.2% |
| Amounts receivable within one year | 40/41 | €5,430 | €6,175 | +€745 | +13.7% |
| Trade receivables | 40 | €0 | - | = | |
| Other amounts receivable | 41 | €5,430 | €6,175 | +€745 | +13.7% |
| Current investments | 50/53 | €4,284,039 | €2,655,197 | -€1.6m | -38.0% |
| Cash at bank and in hand | 54/58 | €25,570 | €1,833,306 | +€1.8m | +7,070% |
| Deferred charges and accrued income | 490/1 | €1,062 | €2,037 | +€975 | +91.8% |
| Total equity and liabilities | 10/49 | €4,610,353 | €8,106,321 | +€3.5m | +75.8% |
| Equity | 10/15 | €4,180,182 | €4,983,463 | +€803,282 | +19.2% |
| Contributions | 10/11 | €4,075,952 | €4,075,952 | = | 0.0% |
| Profit (loss) carried forward | 14 | €104,229 | €907,511 | +€803,282 | +771% |
| Amounts payable | 17/49 | €430,172 | €3,122,858 | +€2.7m | +626% |
| Amounts payable after more than one year | 17 | - | €2,737,896 | +€2.7m | |
| Financial debts | 170/4 | - | €2,737,896 | +€2.7m | |
| Amounts payable within one year | 42/48 | €402,739 | €362,071 | -€40,668 | -10.1% |
| Current portion of amounts payable after more than one year | 42 | - | €79,644 | +€79,644 | |
| Trade debts | 44 | €265 | €47,963 | +€47,698 | +18,016% |
| Suppliers | 440/4 | €265 | €47,963 | +€47,698 | +18,016% |
| Taxes, remuneration and social security | 45 | - | €1,439 | +€1,439 | |
| Taxes | 450/3 | - | €1,439 | +€1,439 | |
| Other amounts payable | 47/48 | €402,474 | €233,024 | -€169,450 | -42.1% |
| Accrued charges and deferred income | 492/3 | €27,433 | €22,891 | -€4,542 | -16.6% |
| Non-recurring operating income | 76A | €18,500 | €0 | -€18,500 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €22,304 | €265,601 | +€243,298 | +1,091% |
| Other operating charges | 640/8 | €7,448 | €2,063 | -€5,385 | -72.3% |
| Gross operating margin | 9900 | €5,440 | -€31,488 | -€36,927 | |
| Operating profit (loss) | 9901 | -€24,313 | -€299,152 | -€274,840 | -1,130% |
| Financial income | 75/76B | €26,751 | €1,189,497 | +€1.2m | +4,347% |
| Recurring financial income | 75 | €26,751 | €1,189,497 | +€1.2m | +4,347% |
| Financial charges | 65/66B | €2,916 | €85,113 | +€82,197 | +2,819% |
| Recurring financial charges | 65 | €2,916 | €85,113 | +€82,197 | +2,819% |
| Profit (loss) for the period before taxes | 9903 | -€478 | €805,231 | +€805,709 | |
| Income taxes | 67/77 | -€266 | €1,949 | +€2,216 | |
| Profit (loss) for the period | 9904 | -€211 | €803,282 | +€803,493 | |
| Profit (loss) for the period to be appropriated | 9905 | -€211 | €803,282 | +€803,493 |
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 25 October 2026 via checked.be.