SOLAQ: 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.
SOLAQ
Largest movements
- Receivables within one year +€56,664
up €56,664 (+14.5%), from €389,534 to €446,198
of which Other amounts receivable: +€78,461
- Reserves +€149,744
up €149,744 (+32.2%), from €465,211 to €614,955
of which Distributable reserves: +€149,744
- Tax, wage and social debts -€86,641
down €86,641 (-40.5%), from €214,070 to €127,429
- Gross operating margin +€97,149
up €97,149 (+90.3%), from €107,572 to €204,721
- Taxes +€35,288
up €35,288 (+75.5%), from €46,711 to €81,999
- Financial income +€3,641
up €3,641 (+10.8%), from €33,579 to €37,220
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 | €871,227 | €929,936 | +€58,709 | +6.7% |
| Fixed assets | 21/28 | €386 | €117 | -€269 | -69.7% |
| Tangible fixed assets | 22/27 | €386 | €117 | -€269 | -69.7% |
| Plant, machinery and equipment | 23 | €386 | €117 | -€269 | -69.7% |
| Current assets | 29/58 | €870,840 | €929,819 | +€58,978 | +6.8% |
| Amounts receivable after more than one year | 29 | €437,500 | €437,500 | = | 0.0% |
| Other amounts receivable | 291 | €437,500 | €437,500 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €389,534 | €446,198 | +€56,664 | +14.5% |
| Trade receivables | 40 | €22,990 | €1,192 | -€21,798 | -94.8% |
| Other amounts receivable | 41 | €366,544 | €445,005 | +€78,461 | +21.4% |
| Cash at bank and in hand | 54/58 | €9,720 | €8,901 | -€819 | -8.4% |
| Deferred charges and accrued income | 490/1 | €34,086 | €37,220 | +€3,134 | +9.2% |
| Total equity and liabilities | 10/49 | €871,227 | €929,936 | +€58,709 | +6.7% |
| Equity | 10/15 | €576,285 | €726,029 | +€149,744 | +26.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €465,211 | €614,955 | +€149,744 | +32.2% |
| 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 | €7,986 | €7,986 | = | 0.0% |
| Distributable reserves | 133 | €455,366 | €605,110 | +€149,744 | +32.9% |
| Profit (loss) carried forward | 14 | €92,474 | €92,474 | = | 0.0% |
| Provisions and deferred taxes | 16 | €52,800 | €52,800 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €52,800 | €52,800 | = | 0.0% |
| Pensions and similar obligations | 160 | €52,800 | €52,800 | = | 0.0% |
| Amounts payable | 17/49 | €242,142 | €151,106 | -€91,035 | -37.6% |
| Amounts payable within one year | 42/48 | €241,449 | €150,616 | -€90,833 | -37.6% |
| Trade debts | 44 | €6,879 | €3,187 | -€3,692 | -53.7% |
| Suppliers | 440/4 | €6,879 | €3,187 | -€3,692 | -53.7% |
| Taxes, remuneration and social security | 45 | €214,070 | €127,429 | -€86,641 | -40.5% |
| Taxes | 450/3 | €214,070 | €127,429 | -€86,641 | -40.5% |
| Other amounts payable | 47/48 | €20,500 | €20,000 | -€500 | -2.4% |
| Accrued charges and deferred income | 492/3 | €692 | €490 | -€202 | -29.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €269 | €269 | = | 0.0% |
| Other operating charges | 640/8 | €7,517 | €5,966 | -€1,551 | -20.6% |
| Gross operating margin | 9900 | €107,572 | €204,721 | +€97,149 | +90.3% |
| Operating profit (loss) | 9901 | €99,786 | €198,486 | +€98,700 | +98.9% |
| Financial income | 75/76B | €33,579 | €37,220 | +€3,641 | +10.8% |
| Recurring financial income | 75 | €33,579 | €37,220 | +€3,641 | +10.8% |
| Financial charges | 65/66B | €3,880 | €3,963 | +€83 | +2.1% |
| Recurring financial charges | 65 | €3,880 | €3,963 | +€83 | +2.1% |
| Profit (loss) for the period before taxes | 9903 | €129,485 | €231,743 | +€102,258 | +79.0% |
| Income taxes | 67/77 | €46,711 | €81,999 | +€35,288 | +75.5% |
| Profit (loss) for the period | 9904 | €82,774 | €149,744 | +€66,970 | +80.9% |
| Profit (loss) for the period to be appropriated | 9905 | €82,774 | €149,744 | +€66,970 | +80.9% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 24 October 2026 via checked.be.