SOLANA: 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.
SOLANA
Largest movements
- Cash -€568,249
down €568,249 (-91.6%), from €620,273 to €52,023
mainly Investment in fixed assets (net) (-€441,333) and Current investments (-€100,000)
- Tangible fixed assets +€384,876
up €384,876 (+138679.2%), from €278 to €385,154
of which Land and buildings: +€385,043
- Current investments +€100,000
new in 2024: €100,000
- Reserves -€74,119
down €74,119 (-2.5%), from €2.9m to €2.9m
of which Distributable reserves: -€71,127
- Gross operating margin -€157,007
down €157,007, from €132,648 to -€24,360
- Depreciation +€56,291
up €56,291 (+33842.8%), from €166 to €56,457
- Financial income -€13,046
down €13,046 (-60.9%), from €21,414 to €8,368
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.
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.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €3,031,188 | €2,955,390 | -€75,798 | -2.5% |
| Fixed assets | 21/28 | €1,991,088 | €2,375,964 | +€384,876 | +19.3% |
| Tangible fixed assets | 22/27 | €278 | €385,154 | +€384,876 | +138679.2% |
| Land and buildings | 22 | - | €385,043 | +€385,043 | |
| Plant, machinery and equipment | 23 | €278 | €111 | -€166 | -59.9% |
| Financial fixed assets | 28 | €1,990,810 | €1,990,810 | = | 0.0% |
| Current assets | 29/58 | €1,040,101 | €579,427 | -€460,674 | -44.3% |
| Amounts receivable after more than one year | 29 | €400,000 | €400,000 | = | 0.0% |
| Other amounts receivable | 291 | €400,000 | €400,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €19,828 | €27,403 | +€7,575 | +38.2% |
| Trade receivables | 40 | €14,000 | €20,000 | +€6,000 | +42.9% |
| Other amounts receivable | 41 | €5,828 | €7,403 | +€1,575 | +27.0% |
| Current investments | 50/53 | - | €100,000 | +€100,000 | |
| Cash at bank and in hand | 54/58 | €620,273 | €52,023 | -€568,249 | -91.6% |
| Total equity and liabilities | 10/49 | €3,031,188 | €2,955,390 | -€75,798 | -2.5% |
| Equity | 10/15 | €2,987,790 | €2,913,671 | -€74,119 | -2.5% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €2,925,790 | €2,851,671 | -€74,119 | -2.5% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Reserves not available under the articles | 1311 | €6,200 | €6,200 | = | 0.0% |
| Tax-exempt reserves | 132 | €118,121 | €115,128 | -€2,993 | -2.5% |
| Distributable reserves | 133 | €2,801,469 | €2,730,342 | -€71,127 | -2.5% |
| Provisions and deferred taxes | 16 | €39,374 | €38,376 | -€998 | -2.5% |
| Deferred taxes | 168 | €39,374 | €38,376 | -€998 | -2.5% |
| Amounts payable | 17/49 | €4,025 | €3,344 | -€681 | -16.9% |
| Amounts payable within one year | 42/48 | €4,025 | €3,344 | -€681 | -16.9% |
| Trade debts | 44 | €1,772 | €177 | -€1,595 | -90.0% |
| Suppliers | 440/4 | €1,772 | €177 | -€1,595 | -90.0% |
| Other amounts payable | 47/48 | €2,253 | €3,167 | +€914 | +40.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €166 | €56,457 | +€56,291 | +33842.8% |
| Other operating charges | 640/8 | €1,419 | €1,854 | +€435 | +30.7% |
| Gross operating margin | 9900 | €132,648 | -€24,360 | -€157,007 | |
| Operating profit (loss) | 9901 | €131,062 | -€82,671 | -€213,733 | |
| Financial income | 75/76B | €21,414 | €8,368 | -€13,046 | -60.9% |
| Recurring financial income | 75 | €21,414 | €8,368 | -€13,046 | -60.9% |
| Financial charges | 65/66B | €112 | €814 | +€702 | +629.9% |
| Recurring financial charges | 65 | €112 | €814 | +€702 | +629.9% |
| Profit (loss) for the period before taxes | 9903 | €152,364 | -€75,117 | -€227,481 | |
| Transfer from deferred taxes | 780 | - | €998 | +€998 | |
| Transfer to deferred taxes | 680 | €39,374 | - | -€39,374 | |
| Profit (loss) for the period | 9904 | €112,991 | -€74,119 | -€187,110 | |
| Transfer from tax-exempt reserves | 789 | - | €2,993 | +€2,993 | |
| Transfer to tax-exempt reserves | 689 | €118,121 | - | -€118,121 | |
| Profit (loss) for the period to be appropriated | 9905 | -€5,130 | -€71,127 | -€65,996 | -1286.4% |
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 1 October 2026 via checked.be.