SOLAV: 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.
SOLAV
Largest movements
- Cash +€4,716
up €4,716 (+42.0%), from €11,235 to €15,950
mainly Debts within one year (+€14,467) and Contributions, distributions and other (+€6,200)
- Receivables within one year +€4,584
up €4,584 (+87.6%), from €5,233 to €9,817
- Financial fixed assets +€3,700
up €3,700 (+102.2%), from €3,620 to €7,320
- Intangible fixed assets -€1,420
down €1,420 (-23.1%), from €6,153 to €4,733
- Tangible fixed assets +€536
up €536 (+10.6%), from €5,074 to €5,611
- Debts within one year +€14,467
up €14,467 (+84.9%), from €17,038 to €31,504
- Equity -€2,351
down €2,351 (-24.8%), from €9,496 to €7,145
of which Contributions: -€12,400
- Gross operating margin -€48,533
down €48,533 (-88.5%), from €54,838 to €6,305
- Taxes -€612
down €612 (-100.0%), from €612 to €0
From the 2019 result to the 2020 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 2019 and 2020 balance sheets and the 2020 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2019 | 2020 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €35,534 | €47,650 | +€12,116 | +34.1% |
| Formation expenses | 20 | €0 | €0 | = | |
| Fixed assets | 21/28 | €14,848 | €17,664 | +€2,816 | +19.0% |
| Intangible fixed assets | 21 | €6,153 | €4,733 | -€1,420 | -23.1% |
| Tangible fixed assets | 22/27 | €5,074 | €5,611 | +€536 | +10.6% |
| Financial fixed assets | 28 | €3,620 | €7,320 | +€3,700 | +102.2% |
| Current assets | 29/58 | €20,686 | €29,986 | +€9,299 | +45.0% |
| Stocks and contracts in progress | 3 | €4,219 | €4,219 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €5,233 | €9,817 | +€4,584 | +87.6% |
| Current investments | 50/53 | €0 | €0 | = | |
| Cash at bank and in hand | 54/58 | €11,235 | €15,950 | +€4,716 | +42.0% |
| Total equity and liabilities | 10/49 | €35,534 | €47,650 | +€12,116 | +34.1% |
| Equity | 10/15 | €9,496 | €7,145 | -€2,351 | -24.8% |
| Contributions | 10/11 | €12,400 | - | -€12,400 | |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€4,764 | -€13,315 | -€8,551 | -179.5% |
| Amounts payable | 17/49 | €26,038 | €40,504 | +€14,467 | +55.6% |
| Amounts payable after more than one year | 17 | €9,000 | €9,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €17,038 | €31,504 | +€14,467 | +84.9% |
| Trade debts | 44 | €11,591 | €25,633 | +€14,042 | +121.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,277 | €3,605 | +€329 | +10.0% |
| Gross operating margin | 9900 | €54,838 | €6,305 | -€48,533 | -88.5% |
| Operating profit (loss) | 9901 | -€8,279 | -€24,532 | -€16,252 | -196.3% |
| Recurring financial income | 75 | €0 | €0 | = | |
| Recurring financial charges | 65 | €251 | €149 | -€102 | -40.7% |
| Profit (loss) for the period before taxes | 9903 | -€6,512 | -€8,551 | -€2,039 | -31.3% |
| Income taxes | 67/77 | €612 | €0 | -€612 | -100.0% |
| Profit (loss) for the period | 9904 | -€7,124 | -€8,551 | -€1,427 | -20.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€7,124 | -€8,551 | -€1,427 | -20.0% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2019 and 31 December 2020. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.