SolAlteRN: 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.
SolAlteRN
Largest movements
- Receivables within one year +€108,808
up €108,808 (+5658.0%), from €1,923 to €110,731
of which Other amounts receivable: +€92,183
- Stocks and contracts +€90,245
up €90,245 (+513.2%), from €17,585 to €107,829
- Tangible fixed assets -€88,231
down €88,231 (-46.3%), from €190,525 to €102,294
of which Land and buildings: -€97,908
- Cash -€42,113
down €42,113 (-26.7%), from €157,455 to €115,342
mainly Receivables within one year (-€108,808) and Stocks and contracts (-€90,245)
- Receivables after one year -€10,137
no longer reported in 2025 (was €10,137)
- Reserves +€34,384
up €34,384 (+12.7%), from €271,344 to €305,728
of which Distributable reserves: +€34,384
- Other debts +€15,857
up €15,857 (+514.3%), from €3,083 to €18,940
- Tax, wage and social debts +€11,111
up €11,111 (+35.5%), from €31,283 to €42,394
- Debts after one year -€9,658
down €9,658 (-18.1%), from €53,384 to €43,727
- Current portion of long-term debt +€5,591
up €5,591 (+63.7%), from €8,780 to €14,370
- Taxes -€12,081
down €12,081 (-33.5%), from €36,068 to €23,987
- Gross operating margin +€6,250
up €6,250 (+7.6%), from €82,031 to €88,281
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 | €381,725 | €443,330 | +€61,605 | +16.1% |
| Fixed assets | 21/28 | €194,617 | €108,886 | -€85,731 | -44.1% |
| Tangible fixed assets | 22/27 | €190,525 | €102,294 | -€88,231 | -46.3% |
| Land and buildings | 22 | €190,178 | €92,270 | -€97,908 | -51.5% |
| Furniture and vehicles | 24 | €346 | €168 | -€178 | -51.4% |
| Other tangible fixed assets | 26 | - | €9,856 | +€9,856 | |
| Financial fixed assets | 28 | €4,093 | €6,593 | +€2,500 | +61.1% |
| Current assets | 29/58 | €187,108 | €334,443 | +€147,335 | +78.7% |
| Amounts receivable after more than one year | 29 | €10,137 | - | -€10,137 | |
| Trade receivables | 290 | €10,137 | - | -€10,137 | |
| Stocks and contracts in progress | 3 | €17,585 | €107,829 | +€90,245 | +513.2% |
| Stocks | 30/36 | €17,585 | €107,829 | +€90,245 | +513.2% |
| Amounts receivable within one year | 40/41 | €1,923 | €110,731 | +€108,808 | +5658.0% |
| Trade receivables | 40 | €1,160 | €17,784 | +€16,625 | +1433.5% |
| Other amounts receivable | 41 | €763 | €92,946 | +€92,183 | +12076.6% |
| Cash at bank and in hand | 54/58 | €157,455 | €115,342 | -€42,113 | -26.7% |
| Deferred charges and accrued income | 490/1 | €8 | €541 | +€533 | +7017.4% |
| Total equity and liabilities | 10/49 | €381,725 | €443,330 | +€61,605 | +16.1% |
| Equity | 10/15 | €280,416 | €314,852 | +€34,436 | +12.3% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €271,344 | €305,728 | +€34,384 | +12.7% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €269,484 | €303,868 | +€34,384 | +12.8% |
| Profit (loss) carried forward | 14 | €2,872 | €2,924 | +€52 | +1.8% |
| Amounts payable | 17/49 | €101,309 | €128,478 | +€27,169 | +26.8% |
| Amounts payable after more than one year | 17 | €53,384 | €43,727 | -€9,658 | -18.1% |
| Financial debts | 170/4 | €53,384 | €43,727 | -€9,658 | -18.1% |
| Amounts payable within one year | 42/48 | €47,924 | €84,751 | +€36,826 | +76.8% |
| Current portion of amounts payable after more than one year | 42 | €8,780 | €14,370 | +€5,591 | +63.7% |
| Trade debts | 44 | €4,778 | €9,046 | +€4,268 | +89.3% |
| Suppliers | 440/4 | €4,778 | €9,046 | +€4,268 | +89.3% |
| Taxes, remuneration and social security | 45 | €31,283 | €42,394 | +€11,111 | +35.5% |
| Taxes | 450/3 | €31,283 | €42,394 | +€11,111 | +35.5% |
| Other amounts payable | 47/48 | €3,083 | €18,940 | +€15,857 | +514.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,335 | €2,291 | -€44 | -1.9% |
| Other operating charges | 640/8 | €766 | €977 | +€211 | +27.5% |
| Non-recurring operating charges | 66A | €247 | €601 | +€354 | +143.1% |
| Gross operating margin | 9900 | €82,031 | €88,281 | +€6,250 | +7.6% |
| Operating profit (loss) | 9901 | €78,683 | €84,412 | +€5,729 | +7.3% |
| Financial income | 75/76B | €1,967 | €2,339 | +€372 | +18.9% |
| Recurring financial income | 75 | €1,967 | €2,339 | +€372 | +18.9% |
| Financial charges | 65/66B | €2,312 | €2,012 | -€300 | -13.0% |
| Recurring financial charges | 65 | €2,312 | €2,012 | -€300 | -13.0% |
| Profit (loss) for the period before taxes | 9903 | €78,338 | €84,739 | +€6,401 | +8.2% |
| Income taxes | 67/77 | €36,068 | €23,987 | -€12,081 | -33.5% |
| Profit (loss) for the period | 9904 | €42,270 | €60,752 | +€18,482 | +43.7% |
| Profit (loss) for the period to be appropriated | 9905 | €42,270 | €60,752 | +€18,482 | +43.7% |
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 4 October 2026 via checked.be.