SOLAF: 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.
What changed
SOLAF
NACE 46.711, Wholesale of cars and light vans (up to 3.5 tonnes)
fiscal year 2023 against 2024filed annual accounts (NBB)
Net result for the year
€1.2m
2023 · €1.1m+€140,938
Equity
€3.9m
2023 · €3.0m+€949,121
Cash
€1.4m
2023 · €2.7m-€1.3m
Balance sheet total
€14.7m
2023 · €11.4m+€3.4m
Largest movements
Assets
- Stocks and contracts +€3.5m
up €3.5m (+69.2%), from €5.0m to €8.4m
- Cash -€1.3m
down €1.3m (-48.8%), from €2.7m to €1.4m
mainly Stocks and contracts (-€3.5m) and Receivables within one year (-€940,129)
- Receivables within one year +€940,129
up €940,129 (+33.8%), from €2.8m to €3.7m
of which Other amounts receivable: +€821,668
- Tangible fixed assets +€281,589
up €281,589 (+31.5%), from €894,165 to €1.2m
of which Other tangible fixed assets: +€660,201
Equity and liabilities
- Short-term financial debts +€1.9m
up €1.9m (+36.1%), from €5.2m to €7.1m
of which Credit institutions: +€1.8m
- Profit (loss) carried forward +€1.0m
up €1.0m (+58.7%), from €1.7m to €2.7m
- Other debts +€764,768
up €764,768 (+166.4%), from €459,463 to €1.2m
- Debts after one year -€442,722
down €442,722 (-49.0%), from €902,863 to €460,141
of which Financial debts: -€434,308
- Trade debts +€255,818
up €255,818 (+96.0%), from €266,473 to €522,290
Income statement
- Turnover +€48.1m
up €48.1m (+57.5%), from €83.7m to €131.9m
- Goods and materials +€45.3m
up €45.3m (+57.9%), from €78.2m to €123.5m
of which Purchases: +€48.2m
- Services and other goods +€2.4m
up €2.4m (+103.1%), from €2.3m to €4.8m
From the 2023 result to the 2024 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 2023
€1.1m
Turnover
+€48.1m
Other operating income
+€111,051
Goods and materials
-€45.3m
Services and other goods
-€2.4m
Staff costs
-€295,951
Depreciation
-€9,270
Other operating charges
+€3,782
Financial income
+€3,326
Financial charges
-€111,062
Taxes
+€13,183
Result 2024
€1.2m
Cash bridge derived
Derived from the 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
From operations
-€1.8m
Investment
-€429,489
Financing
+€902,308
Cash 2023
€2.7m
From operations (derived)
-€1.8m
Net result for the year
+€1.2m
Depreciation
+€147,900
Stocks and contracts
-€3.5m
Receivables within one year
-€940,129
Deferred charges and accrued income
+€15,506
Trade debts
+€255,818
Tax, wage and social debts
-€141,785
Advances received
+€233,275
Other debts
+€764,768
Accrued charges and deferred income
+€105,247
Investment (derived)
-€429,489
Investment in fixed assets (net)
-€429,489
Financing
+€902,308
Debts after one year
-€442,722
Current portion of long-term debt
-€234,746
Short-term financial debts
+€1.9m
Contributions, distributions and other
-€300,000
Cash 2024
€1.4m
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €11,363,057 | €14,731,808 | +€3.4m | +29.6% |
| Fixed assets | 21/28 | €895,640 | €1,177,229 | +€281,589 | +31.4% |
| Tangible fixed assets | 22/27 | €894,165 | €1,175,754 | +€281,589 | +31.5% |
| Plant, machinery and equipment | 23 | €11,548 | €53,926 | +€42,378 | +367.0% |
| Furniture and vehicles | 24 | €417,754 | €394,647 | -€23,107 | -5.5% |
| Leasing and similar rights | 25 | €101,809 | €24,389 | -€77,419 | -76.0% |
| Other tangible fixed assets | 26 | €42,591 | €702,792 | +€660,201 | +1550.1% |
| Assets under construction and advance payments | 27 | €320,464 | - | -€320,464 | |
| Financial fixed assets | 28 | €1,475 | €1,475 | = | 0.0% |
| Other financial fixed assets | 284/8 | €1,475 | €1,475 | = | 0.0% |
| Amounts receivable and cash guarantees | 285/8 | €1,475 | €1,475 | = | 0.0% |
| Current assets | 29/58 | €10,467,417 | €13,554,579 | +€3.1m | +29.5% |
| Stocks and contracts in progress | 3 | €4,994,216 | €8,449,885 | +€3.5m | +69.2% |
| Stocks | 30/36 | €4,994,216 | €8,449,885 | +€3.5m | +69.2% |
| Goods purchased for resale | 34 | €4,749,580 | €8,449,885 | +€3.7m | +77.9% |
| Advance payments | 36 | €244,636 | - | -€244,636 | |
| Amounts receivable within one year | 40/41 | €2,783,938 | €3,724,067 | +€940,129 | +33.8% |
| Trade receivables | 40 | €244,411 | €362,872 | +€118,461 | +48.5% |
| Other amounts receivable | 41 | €2,539,526 | €3,361,195 | +€821,668 | +32.4% |
| Cash at bank and in hand | 54/58 | €2,650,220 | €1,357,089 | -€1.3m | -48.8% |
| Deferred charges and accrued income | 490/1 | €39,044 | €23,538 | -€15,506 | -39.7% |
| Total equity and liabilities | 10/49 | €11,363,057 | €14,731,808 | +€3.4m | +29.6% |
| Equity | 10/15 | €2,995,539 | €3,944,660 | +€949,121 | +31.7% |
| Contributions | 10/11 | €12,500 | €12,500 | = | 0.0% |
| Reserves | 13 | €1,268,374 | €1,210,379 | -€57,995 | -4.6% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Tax-exempt reserves | 132 | €851,700 | €793,705 | -€57,995 | -6.8% |
| Distributable reserves | 133 | €414,814 | €414,814 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,714,666 | €2,721,781 | +€1.0m | +58.7% |
| Amounts payable | 17/49 | €8,367,518 | €10,787,148 | +€2.4m | +28.9% |
| Amounts payable after more than one year | 17 | €902,863 | €460,141 | -€442,722 | -49.0% |
| Financial debts | 170/4 | €448,193 | €13,885 | -€434,308 | -96.9% |
| Leasing and similar obligations | 172 | €28,019 | €13,885 | -€14,133 | -50.4% |
| Credit institutions | 173 | €420,175 | - | -€420,175 | |
| Other amounts payable | 178/9 | €454,670 | €446,256 | -€8,414 | -1.9% |
| Amounts payable within one year | 42/48 | €7,435,748 | €10,192,853 | +€2.8m | +37.1% |
| Current portion of amounts payable after more than one year | 42 | €263,418 | €28,671 | -€234,746 | -89.1% |
| Financial debts | 43 | €5,202,828 | €7,082,605 | +€1.9m | +36.1% |
| Credit institutions | 430/8 | €5,050,000 | €6,805,000 | +€1.8m | +34.8% |
| Other loans | 439 | €152,828 | €277,605 | +€124,776 | +81.6% |
| Trade debts | 44 | €266,473 | €522,290 | +€255,818 | +96.0% |
| Suppliers | 440/4 | €266,473 | €522,290 | +€255,818 | +96.0% |
| Advances received on contracts in progress | 46 | €955,399 | €1,188,674 | +€233,275 | +24.4% |
| Taxes, remuneration and social security | 45 | €288,167 | €146,382 | -€141,785 | -49.2% |
| Taxes | 450/3 | €47,887 | €68 | -€47,819 | -99.9% |
| Remuneration and social security | 454/9 | €240,280 | €146,314 | -€93,966 | -39.1% |
| Other amounts payable | 47/48 | €459,463 | €1,224,231 | +€764,768 | +166.4% |
| Accrued charges and deferred income | 492/3 | €28,907 | €134,154 | +€105,247 | +364.1% |
| Operating income | 70/76A | €83,759,373 | €132,009,833 | +€48.3m | +57.6% |
| Turnover | 70 | €83,712,977 | €131,852,386 | +€48.1m | +57.5% |
| Other operating income | 74 | €46,396 | €157,447 | +€111,051 | +239.4% |
| Operating charges | 60/66A | €82,155,235 | €130,170,204 | +€48.0m | +58.4% |
| Goods for resale, raw materials and consumables | 60 | €78,180,460 | €123,479,882 | +€45.3m | +57.9% |
| Purchases | 600/8 | €78,759,385 | €126,935,552 | +€48.2m | +61.2% |
| Change in stocks: decrease (increase) | 609 | -€578,926 | -€3,455,669 | -€2.9m | -496.9% |
| Services and other goods | 61 | €2,341,974 | €4,756,080 | +€2.4m | +103.1% |
| Remuneration, social security and pensions | 62 | €1,447,239 | €1,743,190 | +€295,951 | +20.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €138,630 | €147,900 | +€9,270 | +6.7% |
| Other operating charges | 640/8 | €46,933 | €43,151 | -€3,782 | -8.1% |
| Operating profit (loss) | 9901 | €1,604,138 | €1,839,629 | +€235,491 | +14.7% |
| Financial income | 75/76B | €1,962 | €5,288 | +€3,326 | +169.5% |
| Recurring financial income | 75 | €1,962 | €5,288 | +€3,326 | +169.5% |
| Income from financial fixed assets | 750 | - | €3,106 | +€3,106 | |
| Other financial income | 752/9 | €1,962 | €2,183 | +€221 | +11.2% |
| Financial charges | 65/66B | €272,163 | €383,226 | +€111,062 | +40.8% |
| Recurring financial charges | 65 | €272,163 | €383,226 | +€111,062 | +40.8% |
| Debt charges | 650 | €241,051 | €341,071 | +€100,020 | +41.5% |
| Other financial charges | 652/9 | €31,112 | €42,155 | +€11,043 | +35.5% |
| Profit (loss) for the period before taxes | 9903 | €1,333,937 | €1,461,692 | +€127,755 | +9.6% |
| Income taxes | 67/77 | €225,754 | €212,571 | -€13,183 | -5.8% |
| Taxes | 670/3 | €229,000 | €212,571 | -€16,429 | -7.2% |
| Tax adjustments and reversals of tax provisions | 77 | €3,246 | - | -€3,246 | |
| Profit (loss) for the period | 9904 | €1,108,183 | €1,249,121 | +€140,938 | +12.7% |
| Transfer from tax-exempt reserves | 789 | €36,717 | €57,995 | +€21,278 | +58.0% |
| Transfer to tax-exempt reserves | 689 | €505,200 | - | -€505,200 | |
| Profit (loss) for the period to be appropriated | 9905 | €639,699 | €1,307,116 | +€667,417 | +104.3% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 September 2026 via checked.be.