SOLBOSCH: 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.
What changed
SOLBOSCH
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
-€51,127
2024 · -€116,526+€65,399
Equity
€4.0m
2024 · €4.0m-€51,127
Cash
€220,932
2024 · €290,363-€69,431
Balance sheet total
€7.8m
2024 · €8.0m-€241,846
Largest movements
Assets
- Tangible fixed assets -€161,022
down €161,022 (-2.1%), from €7.7m to €7.5m
of which Other tangible fixed assets: -€191,085
Equity and liabilities
- Debts after one year -€214,414
down €214,414 (-5.8%), from €3.7m to €3.5m
Income statement
- Turnover -€99,407
down €99,407 (-17.7%), from €561,678 to €462,271
- Other operating charges -€66,452
down €66,452 (-65.3%), from €101,795 to €35,343
- Purchases and services -€29,019
down €29,019 (-12.9%), from €225,440 to €196,421
- Gross operating margin +€16,561
up €16,561 (+4.9%), from €339,761 to €356,322
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.
Result 2024
-€116,526
Gross operating margin
+€16,561
Depreciation
-€4,725
Other operating charges
+€66,452
Other operating items
-€12,063
Financial income
-€414
Financial charges
+€2,058
Taxes
-€2,468
Result 2025
-€51,127
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.
From operations
+€311,359
Investment
-€168,318
Financing
-€212,472
Cash 2024
€290,363
From operations (derived)
+€311,359
Net result for the year
-€51,127
Depreciation
+€329,340
Receivables within one year
+€9,821
Deferred charges and accrued income
+€1,572
Trade debts
+€21,795
Accrued charges and deferred income
-€43
Investment (derived)
-€168,318
Investment in fixed assets (net)
-€168,318
Financing
-€212,472
Debts after one year
-€214,414
Current portion of long-term debt
-€28,798
Short-term financial debts
+€30,741
Cash 2025
€220,932
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €8,003,126 | €7,761,280 | -€241,846 | -3.0% |
| Fixed assets | 21/28 | €7,682,071 | €7,521,049 | -€161,022 | -2.1% |
| Tangible fixed assets | 22/27 | €7,682,071 | €7,521,049 | -€161,022 | -2.1% |
| Land and buildings | 22 | €7,490,985 | €7,463,831 | -€27,154 | -0.4% |
| Other tangible fixed assets | 26 | €191,085 | €0 | -€191,085 | -100.0% |
| Assets under construction and advance payments | 27 | - | €57,218 | +€57,218 | |
| Current assets | 29/58 | €321,056 | €240,231 | -€80,825 | -25.2% |
| Amounts receivable within one year | 40/41 | €19,742 | €9,921 | -€9,821 | -49.7% |
| Trade receivables | 40 | €17,274 | €9,921 | -€7,353 | -42.6% |
| Other amounts receivable | 41 | €2,468 | €0 | -€2,468 | -100.0% |
| Cash at bank and in hand | 54/58 | €290,363 | €220,932 | -€69,431 | -23.9% |
| Deferred charges and accrued income | 490/1 | €10,950 | €9,378 | -€1,572 | -14.4% |
| Total equity and liabilities | 10/49 | €8,003,126 | €7,761,280 | -€241,846 | -3.0% |
| Equity | 10/15 | €4,007,674 | €3,956,548 | -€51,127 | -1.3% |
| Contributions | 10/11 | €3,459,335 | €3,459,335 | = | 0.0% |
| Capital | 10 | €3,459,335 | €3,459,335 | = | 0.0% |
| Issued capital | 100 | €3,459,335 | €3,459,335 | = | 0.0% |
| Reserves | 13 | €315,090 | €315,090 | = | 0.0% |
| Non-distributable reserves | 130/1 | €69,206 | €69,206 | = | 0.0% |
| Legal reserve | 130 | €69,206 | €69,206 | = | 0.0% |
| Tax-exempt reserves | 132 | €240,341 | €240,341 | = | 0.0% |
| Distributable reserves | 133 | €5,543 | €5,543 | = | 0.0% |
| Profit (loss) carried forward | 14 | €233,249 | €182,122 | -€51,127 | -21.9% |
| Amounts payable | 17/49 | €3,995,452 | €3,804,732 | -€190,720 | -4.8% |
| Amounts payable after more than one year | 17 | €3,685,272 | €3,470,858 | -€214,414 | -5.8% |
| Financial debts | 170/4 | €3,685,272 | €3,470,858 | -€214,414 | -5.8% |
| Amounts payable within one year | 42/48 | €310,122 | €333,859 | +€23,738 | +7.7% |
| Current portion of amounts payable after more than one year | 42 | €212,472 | €183,674 | -€28,798 | -13.6% |
| Financial debts | 43 | - | €30,741 | +€30,741 | |
| Other loans | 439 | - | €30,741 | +€30,741 | |
| Trade debts | 44 | €97,650 | €119,445 | +€21,795 | +22.3% |
| Suppliers | 440/4 | €97,650 | €119,445 | +€21,795 | +22.3% |
| Accrued charges and deferred income | 492/3 | €58 | €15 | -€43 | -74.1% |
| Turnover | 70 | €561,678 | €462,271 | -€99,407 | -17.7% |
| Non-recurring operating income | 76A | €2,468 | €2,384 | -€85 | -3.4% |
| Goods, raw materials, services and sundry goods | 60/61 | €225,440 | €196,421 | -€29,019 | -12.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €324,615 | €329,340 | +€4,725 | +1.5% |
| Other operating charges | 640/8 | €101,795 | €35,343 | -€66,452 | -65.3% |
| Non-recurring operating charges | 66A | - | €12,063 | +€12,063 | |
| Gross operating margin | 9900 | €339,761 | €356,322 | +€16,561 | +4.9% |
| Operating profit (loss) | 9901 | -€86,649 | -€20,425 | +€66,224 | +76.4% |
| Financial income | 75/76B | €415 | €0 | -€414 | -99.9% |
| Recurring financial income | 75 | €415 | €0 | -€414 | -99.9% |
| Financial charges | 65/66B | €32,760 | €30,702 | -€2,058 | -6.3% |
| Recurring financial charges | 65 | €32,760 | €30,702 | -€2,058 | -6.3% |
| Profit (loss) for the period before taxes | 9903 | -€118,995 | -€51,127 | +€67,868 | +57.0% |
| Income taxes | 67/77 | -€2,468 | - | +€2,468 | |
| Profit (loss) for the period | 9904 | -€116,526 | -€51,127 | +€65,399 | +56.1% |
| Profit (loss) for the period to be appropriated | 9905 | -€116,526 | -€51,127 | +€65,399 | +56.1% |
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 7 October 2026 via checked.be.