SOLAL: 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.
SOLAL
Largest movements
- Stocks and contracts -€36,997
no longer reported in 2025 (was €36,997)
- Tangible fixed assets -€18,345
down €18,345 (-19.9%), from €92,374 to €74,029
of which Land and buildings: -€15,637
- Cash -€12,531
down €12,531 (-90.6%), from €13,830 to €1,299
mainly Net result for the year (-€42,475) and Trade debts (-€17,238)
- Profit (loss) carried forward -€42,475
down €42,475, from €2,119 to -€40,356
- Trade debts -€17,238
down €17,238 (-88.7%), from €19,436 to €2,198
- Debts after one year -€11,412
down €11,412 (-10.9%), from €104,728 to €93,316
- Current portion of long-term debt +€4,813
up €4,813 (+30.2%), from €15,919 to €20,732
- Tax, wage and social debts -€3,930
down €3,930 (-62.8%), from €6,256 to €2,327
of which Taxes: -€3,930
- Write-downs +€20,225
new in 2025: €20,225
- Gross operating margin -€10,812
down €10,812 (-85.1%), from €12,708 to €1,896
- Other operating charges -€1,534
down €1,534 (-79.3%), from €1,934 to €400
- Depreciation -€1,232
down €1,232 (-6.3%), from €19,577 to €18,345
- Financial charges -€1,193
down €1,193 (-18.1%), from €6,594 to €5,401
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 | €252,591 | €182,280 | -€70,311 | -27.8% |
| Fixed assets | 21/28 | €167,750 | €149,405 | -€18,345 | -10.9% |
| Tangible fixed assets | 22/27 | €92,374 | €74,029 | -€18,345 | -19.9% |
| Land and buildings | 22 | €83,399 | €67,762 | -€15,637 | -18.8% |
| Plant, machinery and equipment | 23 | €3,585 | €2,873 | -€712 | -19.9% |
| Furniture and vehicles | 24 | €1,600 | €800 | -€800 | -50.0% |
| Other tangible fixed assets | 26 | €3,789 | €2,594 | -€1,196 | -31.6% |
| Financial fixed assets | 28 | €75,376 | €75,376 | = | 0.0% |
| Current assets | 29/58 | €84,841 | €32,875 | -€51,966 | -61.3% |
| Stocks and contracts in progress | 3 | €36,997 | - | -€36,997 | |
| Stocks | 30/36 | €36,997 | - | -€36,997 | |
| Amounts receivable within one year | 40/41 | €34,013 | €31,576 | -€2,437 | -7.2% |
| Trade receivables | 40 | €34,013 | €29,437 | -€4,577 | -13.5% |
| Other amounts receivable | 41 | - | €2,140 | +€2,140 | |
| Cash at bank and in hand | 54/58 | €13,830 | €1,299 | -€12,531 | -90.6% |
| Total equity and liabilities | 10/49 | €252,591 | €182,280 | -€70,311 | -27.8% |
| Equity | 10/15 | €106,119 | €63,644 | -€42,475 | -40.0% |
| Contributions | 10/11 | €44,000 | €44,000 | = | 0.0% |
| Reserves | 13 | €60,000 | €60,000 | = | 0.0% |
| Distributable reserves | 133 | €60,000 | €60,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €2,119 | -€40,356 | -€42,475 | |
| Amounts payable | 17/49 | €146,472 | €118,637 | -€27,835 | -19.0% |
| Amounts payable after more than one year | 17 | €104,728 | €93,316 | -€11,412 | -10.9% |
| Financial debts | 170/4 | €104,728 | €93,316 | -€11,412 | -10.9% |
| Amounts payable within one year | 42/48 | €41,744 | €25,320 | -€16,424 | -39.3% |
| Current portion of amounts payable after more than one year | 42 | €15,919 | €20,732 | +€4,813 | +30.2% |
| Trade debts | 44 | €19,436 | €2,198 | -€17,238 | -88.7% |
| Suppliers | 440/4 | €19,436 | €2,198 | -€17,238 | -88.7% |
| Taxes, remuneration and social security | 45 | €6,256 | €2,327 | -€3,930 | -62.8% |
| Taxes | 450/3 | €3,976 | €46 | -€3,930 | -98.8% |
| Remuneration and social security | 454/9 | €2,281 | €2,281 | = | 0.0% |
| Other amounts payable | 47/48 | €132 | €63 | -€69 | -52.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €19,577 | €18,345 | -€1,232 | -6.3% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €20,225 | +€20,225 | |
| Other operating charges | 640/8 | €1,934 | €400 | -€1,534 | -79.3% |
| Gross operating margin | 9900 | €12,708 | €1,896 | -€10,812 | -85.1% |
| Operating profit (loss) | 9901 | -€8,803 | -€37,074 | -€28,271 | -321.2% |
| Financial income | 75/76B | €0 | €0 | +€0 | +170.0% |
| Recurring financial income | 75 | €0 | €0 | +€0 | +170.0% |
| Financial charges | 65/66B | €6,594 | €5,401 | -€1,193 | -18.1% |
| Recurring financial charges | 65 | €6,594 | €5,401 | -€1,193 | -18.1% |
| Profit (loss) for the period before taxes | 9903 | -€15,397 | -€42,475 | -€27,078 | -175.9% |
| Profit (loss) for the period | 9904 | -€15,397 | -€42,475 | -€27,078 | -175.9% |
| Profit (loss) for the period to be appropriated | 9905 | -€15,397 | -€42,475 | -€27,078 | -175.9% |
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 3 October 2026 via checked.be.