SOLANO: 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.
SOLANO
Largest movements
- Cash +€83,535
up €83,535 (+56.5%), from €147,870 to €231,405
mainly Depreciation (+€51,478) and Deferred charges and accrued income (+€51,001)
- Deferred charges and accrued income -€51,001
down €51,001 (-97.7%), from €52,202 to €1,201
- Tangible fixed assets -€47,155
down €47,155 (-9.4%), from €499,681 to €452,526
- Receivables within one year -€12,056
down €12,056 (-32.5%), from €37,069 to €25,014
- Tax, wage and social debts +€22,914
up €22,914 (+22.2%), from €103,082 to €125,996
of which Taxes: +€26,507
- Reserves -€22,117
down €22,117 (-10.0%), from €220,546 to €198,429
- Trade debts -€21,486
down €21,486 (-25.6%), from €83,995 to €62,509
- Other debts +€14,800
up €14,800 (+3.8%), from €393,620 to €408,420
- Current portion of long-term debt -€13,727
down €13,727 (-100.0%), from €13,727 to €0
- Gross operating margin -€82,212
down €82,212 (-8.2%), from €1.0m to €922,791
- Depreciation -€20,604
down €20,604 (-28.6%), from €72,082 to €51,478
- Staff costs -€19,830
down €19,830 (-2.3%), from €857,925 to €838,096
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 | €834,970 | €815,355 | -€19,615 | -2.3% |
| Fixed assets | 21/28 | €500,071 | €452,916 | -€47,155 | -9.4% |
| Tangible fixed assets | 22/27 | €499,681 | €452,526 | -€47,155 | -9.4% |
| Land and buildings | 22 | €401,731 | €385,382 | -€16,349 | -4.1% |
| Plant, machinery and equipment | 23 | €38,627 | €30,542 | -€8,085 | -20.9% |
| Furniture and vehicles | 24 | €59,323 | €36,602 | -€22,721 | -38.3% |
| Financial fixed assets | 28 | €390 | €390 | = | 0.0% |
| Current assets | 29/58 | €334,900 | €362,439 | +€27,540 | +8.2% |
| Stocks and contracts in progress | 3 | €97,758 | €104,819 | +€7,061 | +7.2% |
| Stocks | 30/36 | €97,758 | €104,819 | +€7,061 | +7.2% |
| Amounts receivable within one year | 40/41 | €37,069 | €25,014 | -€12,056 | -32.5% |
| Trade receivables | 40 | €37,069 | €25,014 | -€12,056 | -32.5% |
| Cash at bank and in hand | 54/58 | €147,870 | €231,405 | +€83,535 | +56.5% |
| Deferred charges and accrued income | 490/1 | €52,202 | €1,201 | -€51,001 | -97.7% |
| Total equity and liabilities | 10/49 | €834,970 | €815,355 | -€19,615 | -2.3% |
| Equity | 10/15 | €240,546 | €218,429 | -€22,117 | -9.2% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €220,546 | €198,429 | -€22,117 | -10.0% |
| Distributable reserves | 133 | €220,546 | €198,429 | -€22,117 | -10.0% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €594,424 | €596,926 | +€2,502 | +0.4% |
| Amounts payable after more than one year | 17 | €0 | - | = | |
| Financial debts | 170/4 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €594,424 | €596,926 | +€2,502 | +0.4% |
| Current portion of amounts payable after more than one year | 42 | €13,727 | €0 | -€13,727 | -100.0% |
| Trade debts | 44 | €83,995 | €62,509 | -€21,486 | -25.6% |
| Suppliers | 440/4 | €83,995 | €62,509 | -€21,486 | -25.6% |
| Taxes, remuneration and social security | 45 | €103,082 | €125,996 | +€22,914 | +22.2% |
| Taxes | 450/3 | €16,113 | €42,620 | +€26,507 | +164.5% |
| Remuneration and social security | 454/9 | €86,969 | €83,377 | -€3,593 | -4.1% |
| Other amounts payable | 47/48 | €393,620 | €408,420 | +€14,800 | +3.8% |
| Remuneration, social security and pensions | 62 | €857,925 | €838,096 | -€19,830 | -2.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €72,082 | €51,478 | -€20,604 | -28.6% |
| Other operating charges | 640/8 | €13,489 | €14,900 | +€1,411 | +10.5% |
| Non-recurring operating charges | 66A | €121 | €1,664 | +€1,542 | +1273.7% |
| Gross operating margin | 9900 | €1,005,002 | €922,791 | -€82,212 | -8.2% |
| Operating profit (loss) | 9901 | €61,385 | €16,653 | -€44,732 | -72.9% |
| Financial income | 75/76B | €314 | €814 | +€500 | +159.5% |
| Recurring financial income | 75 | €314 | €814 | +€500 | +159.5% |
| Financial charges | 65/66B | €14,246 | €16,833 | +€2,587 | +18.2% |
| Recurring financial charges | 65 | €14,246 | €12,990 | -€1,256 | -8.8% |
| Non-recurring financial charges | 66B | - | €3,844 | +€3,844 | |
| Profit (loss) for the period before taxes | 9903 | €47,452 | €633 | -€46,819 | -98.7% |
| Income taxes | 67/77 | €14,881 | €7,950 | -€6,931 | -46.6% |
| Profit (loss) for the period | 9904 | €32,571 | -€7,317 | -€39,888 | |
| Profit (loss) for the period to be appropriated | 9905 | €32,571 | -€7,317 | -€39,888 |
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.