SOLAM: 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.
SOLAM
Largest movements
- Tangible fixed assets -€353,540
down €353,540 (-11.0%), from €3.2m to €2.9m
of which Leasing and similar rights: -€296,654
- Receivables within one year +€135,424
up €135,424 (+5.1%), from €2.7m to €2.8m
of which Other amounts receivable: +€321,243
- Cash +€134,305
up €134,305 (+26.2%), from €512,831 to €647,136
mainly Depreciation (+€1.4m) and Trade debts (+€467,580)
- Trade debts +€467,580
up €467,580 (+32.9%), from €1.4m to €1.9m
- Debts after one year -€298,468
down €298,468 (-14.2%), from €2.1m to €1.8m
- Other debts -€217,831
down €217,831 (-74.2%), from €293,500 to €75,669
- Current portion of long-term debt -€190,038
down €190,038 (-15.0%), from €1.3m to €1.1m
- Profit (loss) carried forward +€135,390
up €135,390 (+24.7%), from €548,616 to €684,006
- Depreciation -€150,431
down €150,431 (-9.7%), from €1.6m to €1.4m
- Gross operating margin -€108,396
down €108,396 (-5.9%), from €1.8m to €1.7m
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 | €6,924,996 | €6,800,291 | -€124,705 | -1.8% |
| Fixed assets | 21/28 | €3,697,772 | €3,334,430 | -€363,342 | -9.8% |
| Tangible fixed assets | 22/27 | €3,212,428 | €2,858,888 | -€353,540 | -11.0% |
| Plant, machinery and equipment | 23 | €63,768 | €134,049 | +€70,281 | +110% |
| Furniture and vehicles | 24 | €685,853 | €558,686 | -€127,167 | -18.5% |
| Leasing and similar rights | 25 | €2,462,807 | €2,166,153 | -€296,654 | -12.0% |
| Financial fixed assets | 28 | €485,345 | €475,542 | -€9,802 | -2.0% |
| Current assets | 29/58 | €3,227,223 | €3,465,860 | +€238,637 | +7.4% |
| Amounts receivable within one year | 40/41 | €2,677,917 | €2,813,340 | +€135,424 | +5.1% |
| Trade receivables | 40 | €1,834,160 | €1,648,340 | -€185,819 | -10.1% |
| Other amounts receivable | 41 | €843,757 | €1,165,000 | +€321,243 | +38.1% |
| Cash at bank and in hand | 54/58 | €512,831 | €647,136 | +€134,305 | +26.2% |
| Deferred charges and accrued income | 490/1 | €36,476 | €5,385 | -€31,091 | -85.2% |
| Total equity and liabilities | 10/49 | €6,924,996 | €6,800,291 | -€124,705 | -1.8% |
| Equity | 10/15 | €1,764,832 | €1,947,317 | +€182,485 | +10.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,197,616 | €1,244,711 | +€47,095 | +3.9% |
| 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 | €81,900 | €128,995 | +€47,095 | +57.5% |
| Distributable reserves | 133 | €1,113,856 | €1,113,856 | = | 0.0% |
| Profit (loss) carried forward | 14 | €548,616 | €684,006 | +€135,390 | +24.7% |
| Amounts payable | 17/49 | €5,160,164 | €4,852,974 | -€307,190 | -6.0% |
| Amounts payable after more than one year | 17 | €2,100,980 | €1,802,512 | -€298,468 | -14.2% |
| Financial debts | 170/4 | €2,100,980 | €1,802,512 | -€298,468 | -14.2% |
| Amounts payable within one year | 42/48 | €3,058,107 | €3,050,462 | -€7,645 | -0.2% |
| Current portion of amounts payable after more than one year | 42 | €1,265,567 | €1,075,529 | -€190,038 | -15.0% |
| Trade debts | 44 | €1,422,795 | €1,890,376 | +€467,580 | +32.9% |
| Suppliers | 440/4 | €1,422,795 | €1,890,376 | +€467,580 | +32.9% |
| Taxes, remuneration and social security | 45 | €76,244 | €8,888 | -€67,355 | -88.3% |
| Taxes | 450/3 | €76,244 | €8,888 | -€67,355 | -88.3% |
| Other amounts payable | 47/48 | €293,500 | €75,669 | -€217,831 | -74.2% |
| Accrued charges and deferred income | 492/3 | €1,077 | - | -€1,077 | |
| Non-recurring operating income | 76A | €74,917 | €56,794 | -€18,123 | -24.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,554,756 | €1,404,325 | -€150,431 | -9.7% |
| Other operating charges | 640/8 | €42,658 | €28,585 | -€14,073 | -33.0% |
| Non-recurring operating charges | 66A | - | €11,046 | +€11,046 | |
| Gross operating margin | 9900 | €1,845,644 | €1,737,249 | -€108,396 | -5.9% |
| Operating profit (loss) | 9901 | €248,231 | €293,293 | +€45,062 | +18.2% |
| Financial income | 75/76B | €39 | €1,538 | +€1,498 | +3,802% |
| Recurring financial income | 75 | €39 | €1,538 | +€1,498 | +3,802% |
| Financial charges | 65/66B | €114,053 | €97,346 | -€16,707 | -14.6% |
| Recurring financial charges | 65 | €114,053 | €97,346 | -€16,707 | -14.6% |
| Profit (loss) for the period before taxes | 9903 | €134,218 | €197,485 | +€63,267 | +47.1% |
| Income taxes | 67/77 | €15,000 | €15,000 | = | 0.0% |
| Profit (loss) for the period | 9904 | €119,218 | €182,485 | +€63,267 | +53.1% |
| Transfer from tax-exempt reserves | 789 | - | €16,055 | +€16,055 | |
| Transfer to tax-exempt reserves | 689 | - | €63,150 | +€63,150 | |
| Profit (loss) for the period to be appropriated | 9905 | €119,218 | €135,390 | +€16,173 | +13.6% |
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 17 October 2026 via checked.be.