SOLAFISK: 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.
SOLAFISK
Largest movements
- Cash +€134,128
up €134,128 (+182.2%), from €73,625 to €207,754
mainly Net result for the year (+€173,487) and Current investments (+€121,871)
- Current investments -€121,871
down €121,871 (-30.5%), from €400,000 to €278,129
- Receivables within one year +€61,336
up €61,336 (+19.7%), from €311,015 to €372,351
of which Other amounts receivable: +€61,020
- Tangible fixed assets -€20,902
down €20,902 (-70.3%), from €29,750 to €8,848
of which Land and buildings: -€10,622
- Reserves +€53,825
up €53,825 (+7.2%), from €751,525 to €805,349
- Tax, wage and social debts +€10,529
up €10,529 (+33.7%), from €31,215 to €41,744
of which Taxes: +€10,258
- Gross operating margin +€35,521
up €35,521 (+11.1%), from €319,961 to €355,482
- Taxes +€11,759
up €11,759 (+17.6%), from €66,700 to €78,459
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 | €843,186 | €898,023 | +€54,837 | +6.5% |
| Fixed assets | 21/28 | €29,750 | €8,848 | -€20,902 | -70.3% |
| Tangible fixed assets | 22/27 | €29,750 | €8,848 | -€20,902 | -70.3% |
| Land and buildings | 22 | €18,577 | €7,956 | -€10,622 | -57.2% |
| Plant, machinery and equipment | 23 | €1,430 | €892 | -€538 | -37.6% |
| Furniture and vehicles | 24 | €9,742 | - | -€9,742 | |
| Current assets | 29/58 | €813,437 | €889,175 | +€75,739 | +9.3% |
| Amounts receivable within one year | 40/41 | €311,015 | €372,351 | +€61,336 | +19.7% |
| Trade receivables | 40 | €13,015 | €13,331 | +€316 | +2.4% |
| Other amounts receivable | 41 | €298,000 | €359,020 | +€61,020 | +20.5% |
| Current investments | 50/53 | €400,000 | €278,129 | -€121,871 | -30.5% |
| Cash at bank and in hand | 54/58 | €73,625 | €207,754 | +€134,128 | +182.2% |
| Deferred charges and accrued income | 490/1 | €28,796 | €30,942 | +€2,146 | +7.5% |
| Total equity and liabilities | 10/49 | €843,186 | €898,023 | +€54,837 | +6.5% |
| Equity | 10/15 | €773,525 | €827,349 | +€53,825 | +7.0% |
| Contributions | 10/11 | €22,000 | €22,000 | = | 0.0% |
| Reserves | 13 | €751,525 | €805,349 | +€53,825 | +7.2% |
| Distributable reserves | 133 | €751,525 | €805,349 | +€53,825 | +7.2% |
| Amounts payable | 17/49 | €69,661 | €70,674 | +€1,012 | +1.5% |
| Amounts payable after more than one year | 17 | €7,595 | - | -€7,595 | |
| Financial debts | 170/4 | €7,595 | - | -€7,595 | |
| Amounts payable within one year | 42/48 | €62,066 | €70,674 | +€8,608 | +13.9% |
| Current portion of amounts payable after more than one year | 42 | €9,730 | €7,595 | -€2,135 | -21.9% |
| Trade debts | 44 | €14,994 | €20,917 | +€5,923 | +39.5% |
| Suppliers | 440/4 | €14,994 | €20,917 | +€5,923 | +39.5% |
| Taxes, remuneration and social security | 45 | €31,215 | €41,744 | +€10,529 | +33.7% |
| Taxes | 450/3 | €21,372 | €31,630 | +€10,258 | +48.0% |
| Remuneration and social security | 454/9 | €9,843 | €10,114 | +€271 | +2.8% |
| Other amounts payable | 47/48 | €6,127 | €418 | -€5,709 | -93.2% |
| Remuneration, social security and pensions | 62 | €99,439 | €100,029 | +€590 | +0.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €21,252 | €20,902 | -€350 | -1.6% |
| Other operating charges | 640/8 | €1,429 | €1,608 | +€180 | +12.6% |
| Gross operating margin | 9900 | €319,961 | €355,482 | +€35,521 | +11.1% |
| Operating profit (loss) | 9901 | €197,842 | €232,943 | +€35,100 | +17.7% |
| Financial income | 75/76B | €18,914 | €19,988 | +€1,074 | +5.7% |
| Recurring financial income | 75 | €18,914 | €19,988 | +€1,074 | +5.7% |
| Financial charges | 65/66B | €1,304 | €984 | -€320 | -24.5% |
| Recurring financial charges | 65 | €1,304 | €984 | -€320 | -24.5% |
| Profit (loss) for the period before taxes | 9903 | €215,452 | €251,946 | +€36,494 | +16.9% |
| Income taxes | 67/77 | €66,700 | €78,459 | +€11,759 | +17.6% |
| Profit (loss) for the period | 9904 | €148,752 | €173,487 | +€24,735 | +16.6% |
| Profit (loss) for the period to be appropriated | 9905 | €148,752 | €173,487 | +€24,735 | +16.6% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.