SOLAVIE: 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.
SOLAVIE
Largest movements
- Receivables within one year +€196,380
up €196,380 (+498.5%), from €39,391 to €235,771
of which Trade receivables: +€124,604
- Stocks and contracts +€165,125
up €165,125 (+50.9%), from €324,726 to €489,851
- Cash -€161,597
down €161,597 (-90.7%), from €178,107 to €16,510
mainly Receivables within one year (-€196,380) and Stocks and contracts (-€165,125)
- Tangible fixed assets +€41,388
up €41,388 (+99.1%), from €41,784 to €83,172
of which Leasing and similar rights: +€36,784
- Deferred charges and accrued income +€9,211
up €9,211 (+322.8%), from €2,854 to €12,065
- Other debts +€205,035
up €205,035, from €0 to €205,035
- Trade debts +€163,776
up €163,776 (+352.4%), from €46,475 to €210,251
- Debts after one year -€61,912
down €61,912 (-35.5%), from €174,158 to €112,246
- Accrued charges and deferred income -€61,854
down €61,854 (-99.6%), from €62,106 to €252
- Current portion of long-term debt +€17,121
up €17,121 (+10.8%), from €159,051 to €176,172
- Gross operating margin +€217,063
up €217,063 (+985.0%), from €22,038 to €239,101
- Staff costs +€115,371
up €115,371 (+535.7%), from €21,536 to €136,907
- Financial charges +€16,454
up €16,454 (+97.5%), from €16,872 to €33,325
- Taxes +€5,347
up €5,347 (+1442.7%), from €371 to €5,718
- Depreciation +€5,092
up €5,092 (+38.6%), from €13,189 to €18,280
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 | €596,385 | €849,025 | +€252,639 | +42.4% |
| Formation expenses | 20 | €524 | €353 | -€171 | -32.6% |
| Fixed assets | 21/28 | €50,784 | €94,475 | +€43,691 | +86.0% |
| Intangible fixed assets | 21 | - | €2,303 | +€2,303 | |
| Tangible fixed assets | 22/27 | €41,784 | €83,172 | +€41,388 | +99.1% |
| Plant, machinery and equipment | 23 | - | €3,534 | +€3,534 | |
| Furniture and vehicles | 24 | €8,637 | €11,079 | +€2,442 | +28.3% |
| Leasing and similar rights | 25 | €20,080 | €56,864 | +€36,784 | +183.2% |
| Other tangible fixed assets | 26 | €13,068 | €11,697 | -€1,371 | -10.5% |
| Financial fixed assets | 28 | €9,000 | €9,000 | = | 0.0% |
| Current assets | 29/58 | €545,077 | €754,196 | +€209,119 | +38.4% |
| Stocks and contracts in progress | 3 | €324,726 | €489,851 | +€165,125 | +50.9% |
| Stocks | 30/36 | €324,726 | €489,851 | +€165,125 | +50.9% |
| Amounts receivable within one year | 40/41 | €39,391 | €235,771 | +€196,380 | +498.5% |
| Trade receivables | 40 | €23,551 | €148,155 | +€124,604 | +529.1% |
| Other amounts receivable | 41 | €15,840 | €87,616 | +€71,776 | +453.1% |
| Cash at bank and in hand | 54/58 | €178,107 | €16,510 | -€161,597 | -90.7% |
| Deferred charges and accrued income | 490/1 | €2,854 | €12,065 | +€9,211 | +322.8% |
| Total equity and liabilities | 10/49 | €596,385 | €849,025 | +€252,639 | +42.4% |
| Equity | 10/15 | €59,661 | €54,413 | -€5,247 | -8.8% |
| Contributions | 10/11 | €8,000 | €8,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €51,661 | €46,413 | -€5,247 | -10.2% |
| Amounts payable | 17/49 | €536,725 | €794,611 | +€257,886 | +48.0% |
| Amounts payable after more than one year | 17 | €174,158 | €112,246 | -€61,912 | -35.5% |
| Financial debts | 170/4 | €174,158 | €112,246 | -€61,912 | -35.5% |
| Amounts payable within one year | 42/48 | €300,461 | €682,113 | +€381,652 | +127.0% |
| Current portion of amounts payable after more than one year | 42 | €159,051 | €176,172 | +€17,121 | +10.8% |
| Financial debts | 43 | - | €1,389 | +€1,389 | |
| Credit institutions | 430/8 | - | €1,389 | +€1,389 | |
| Trade debts | 44 | €46,475 | €210,251 | +€163,776 | +352.4% |
| Suppliers | 440/4 | €46,475 | €210,251 | +€163,776 | +352.4% |
| Taxes, remuneration and social security | 45 | €94,934 | €89,265 | -€5,669 | -6.0% |
| Taxes | 450/3 | €91,944 | €58,164 | -€33,780 | -36.7% |
| Remuneration and social security | 454/9 | €2,990 | €31,102 | +€28,112 | +940.2% |
| Other amounts payable | 47/48 | €0 | €205,035 | +€205,035 | |
| Accrued charges and deferred income | 492/3 | €62,106 | €252 | -€61,854 | -99.6% |
| Non-recurring operating income | 76A | - | €546 | +€546 | |
| Remuneration, social security and pensions | 62 | €21,536 | €136,907 | +€115,371 | +535.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,189 | €18,280 | +€5,092 | +38.6% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €0 | - | = | |
| Other operating charges | 640/8 | €6,961 | €4,193 | -€2,767 | -39.8% |
| Gross operating margin | 9900 | €22,038 | €239,101 | +€217,063 | +985.0% |
| Operating profit (loss) | 9901 | -€19,648 | €79,720 | +€99,367 | |
| Financial income | 75/76B | €590 | €4,076 | +€3,487 | +591.3% |
| Recurring financial income | 75 | €590 | €4,076 | +€3,487 | +591.3% |
| Financial charges | 65/66B | €16,872 | €33,325 | +€16,454 | +97.5% |
| Recurring financial charges | 65 | €16,872 | €33,325 | +€16,454 | +97.5% |
| Profit (loss) for the period before taxes | 9903 | -€35,930 | €50,470 | +€86,400 | |
| Income taxes | 67/77 | €371 | €5,718 | +€5,347 | +1442.7% |
| Profit (loss) for the period | 9904 | -€36,300 | €44,753 | +€81,053 | |
| Profit (loss) for the period to be appropriated | 9905 | -€36,300 | €44,753 | +€81,053 |
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 11 October 2026 via checked.be.