SOLAYE FABRICS: 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.
SOLAYE FABRICS
Largest movements
- Stocks and contracts +€710,823
up €710,823 (+30.2%), from €2.4m to €3.1m
- Cash -€295,100
down €295,100 (-23.7%), from €1.2m to €950,136
mainly Stocks and contracts (-€710,823) and Contributions, distributions and other (-€150,000)
- Reserves +€510,265
up €510,265 (+14.1%), from €3.6m to €4.1m
of which Distributable reserves: +€615,515
- Trade debts -€65,307
down €65,307 (-15.3%), from €426,698 to €361,391
- Gross operating margin +€117,561
up €117,561 (+12.4%), from €946,560 to €1.1m
- Staff costs +€30,688
up €30,688 (+46.4%), from €66,161 to €96,848
- Taxes +€28,860
up €28,860 (+15.3%), from €188,860 to €217,720
- Write-downs -€24,640
down €24,640 (-98.4%), from €25,046 to €406
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 | €4,268,377 | €4,722,721 | +€454,345 | +10.6% |
| Fixed assets | 21/28 | €106,618 | €130,645 | +€24,027 | +22.5% |
| Tangible fixed assets | 22/27 | €106,618 | €130,645 | +€24,027 | +22.5% |
| Plant, machinery and equipment | 23 | €62,321 | €62,169 | -€152 | -0.2% |
| Furniture and vehicles | 24 | €24,059 | €55,154 | +€31,095 | +129% |
| Other tangible fixed assets | 26 | €20,238 | €13,323 | -€6,916 | -34.2% |
| Current assets | 29/58 | €4,161,759 | €4,592,076 | +€430,317 | +10.3% |
| Stocks and contracts in progress | 3 | €2,350,211 | €3,061,034 | +€710,823 | +30.2% |
| Stocks | 30/36 | €2,350,211 | €3,061,034 | +€710,823 | +30.2% |
| Amounts receivable within one year | 40/41 | €558,695 | €567,804 | +€9,109 | +1.6% |
| Trade receivables | 40 | €558,383 | €525,253 | -€33,130 | -5.9% |
| Other amounts receivable | 41 | €312 | €42,551 | +€42,239 | +13,542% |
| Cash at bank and in hand | 54/58 | €1,245,236 | €950,136 | -€295,100 | -23.7% |
| Deferred charges and accrued income | 490/1 | €7,617 | €13,102 | +€5,485 | +72.0% |
| Total equity and liabilities | 10/49 | €4,268,377 | €4,722,721 | +€454,345 | +10.6% |
| Equity | 10/15 | €3,827,674 | €4,337,939 | +€510,265 | +13.3% |
| Contributions | 10/11 | €200,000 | €200,000 | = | 0.0% |
| Reserves | 13 | €3,627,674 | €4,137,939 | +€510,265 | +14.1% |
| Tax-exempt reserves | 132 | €1,094,600 | €989,350 | -€105,250 | -9.6% |
| Distributable reserves | 133 | €2,533,074 | €3,148,589 | +€615,515 | +24.3% |
| Amounts payable | 17/49 | €440,703 | €384,782 | -€55,920 | -12.7% |
| Amounts payable within one year | 42/48 | €440,022 | €384,782 | -€55,240 | -12.6% |
| Trade debts | 44 | €426,698 | €361,391 | -€65,307 | -15.3% |
| Suppliers | 440/4 | €426,698 | €361,391 | -€65,307 | -15.3% |
| Taxes, remuneration and social security | 45 | €13,324 | €23,391 | +€10,067 | +75.6% |
| Taxes | 450/3 | €2,151 | €4,545 | +€2,394 | +111% |
| Remuneration and social security | 454/9 | €11,173 | €18,846 | +€7,673 | +68.7% |
| Accrued charges and deferred income | 492/3 | €681 | - | -€681 | |
| Remuneration, social security and pensions | 62 | €66,161 | €96,848 | +€30,688 | +46.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €36,556 | €40,404 | +€3,848 | +10.5% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €25,046 | €406 | -€24,640 | -98.4% |
| Other operating charges | 640/8 | €11,647 | €12,022 | +€374 | +3.2% |
| Gross operating margin | 9900 | €946,560 | €1,064,120 | +€117,561 | +12.4% |
| Operating profit (loss) | 9901 | €807,149 | €914,439 | +€107,290 | +13.3% |
| Financial income | 75/76B | €15,150 | €23,443 | +€8,293 | +54.7% |
| Recurring financial income | 75 | €15,150 | €23,443 | +€8,293 | +54.7% |
| Financial charges | 65/66B | €54,635 | €59,898 | +€5,263 | +9.6% |
| Recurring financial charges | 65 | €54,635 | €59,898 | +€5,263 | +9.6% |
| Profit (loss) for the period before taxes | 9903 | €767,664 | €877,985 | +€110,320 | +14.4% |
| Income taxes | 67/77 | €188,860 | €217,720 | +€28,860 | +15.3% |
| Profit (loss) for the period | 9904 | €578,804 | €660,265 | +€81,461 | +14.1% |
| Transfer from tax-exempt reserves | 789 | €214,710 | €315,750 | +€101,040 | +47.1% |
| Transfer to tax-exempt reserves | 689 | €315,750 | €210,500 | -€105,250 | -33.3% |
| Profit (loss) for the period to be appropriated | 9905 | €477,764 | €765,515 | +€287,751 | +60.2% |
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 23 October 2026 via checked.be.