Solbus: 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.
Solbus
Largest movements
- Cash -€1.9m
down €1.9m (-84.8%), from €2.3m to €345,749
mainly Debts after one year (-€3.1m) and Contributions, distributions and other (-€700,000)
- Tangible fixed assets -€594,644
down €594,644 (-2.7%), from €22.3m to €21.7m
- Debts after one year -€3.1m
down €3.1m (-12.2%), from €24.9m to €21.9m
- Other debts +€700,000
new in 2025: €700,000
- Turnover +€57,129
up €57,129 (+2.8%), from €2.1m to €2.1m
- Financial charges -€42,601
down €42,601 (-7.5%), from €566,024 to €523,424
of which Financial charges: -€42,601
- Taxes +€21,752
up €21,752 (+12.3%), from €176,587 to €198,339
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 | €25,879,384 | €23,436,928 | -€2.4m | -9.4% |
| Fixed assets | 21/28 | €22,340,140 | €21,745,495 | -€594,644 | -2.7% |
| Tangible fixed assets | 22/27 | €22,340,140 | €21,745,495 | -€594,644 | -2.7% |
| Land and buildings | 22 | €22,340,140 | €21,745,495 | -€594,644 | -2.7% |
| Current assets | 29/58 | €3,539,245 | €1,691,432 | -€1.8m | -52.2% |
| Amounts receivable within one year | 40/41 | €8,055 | €232,143 | +€224,088 | +2,782% |
| Trade receivables | 40 | €8,055 | €232,143 | +€224,088 | +2,782% |
| Cash at bank and in hand | 54/58 | €2,279,145 | €345,749 | -€1.9m | -84.8% |
| Deferred charges and accrued income | 490/1 | €1,252,045 | €1,113,540 | -€138,505 | -11.1% |
| Total equity and liabilities | 10/49 | €25,879,384 | €23,436,928 | -€2.4m | -9.4% |
| Equity | 10/15 | €591,262 | €486,280 | -€104,982 | -17.8% |
| Contributions | 10/11 | €61,500 | €61,500 | = | 0.0% |
| Capital | 10 | €61,500 | €61,500 | = | 0.0% |
| Issued capital | 100 | €61,500 | €61,500 | = | 0.0% |
| Reserves | 13 | €6,150 | €6,150 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,150 | €6,150 | = | 0.0% |
| Legal reserve | 130 | €6,150 | €6,150 | = | 0.0% |
| Profit (loss) carried forward | 14 | €523,612 | €418,630 | -€104,982 | -20.0% |
| Amounts payable | 17/49 | €25,288,122 | €22,950,648 | -€2.3m | -9.2% |
| Amounts payable after more than one year | 17 | €24,949,156 | €21,899,156 | -€3.1m | -12.2% |
| Financial debts | 170/4 | €24,949,156 | €21,899,156 | -€3.1m | -12.2% |
| Amounts payable within one year | 42/48 | €150,730 | €830,302 | +€679,572 | +451% |
| Trade debts | 44 | €90,485 | €53,364 | -€37,121 | -41.0% |
| Suppliers | 440/4 | €90,485 | €53,364 | -€37,121 | -41.0% |
| Taxes, remuneration and social security | 45 | €60,244 | €76,938 | +€16,693 | +27.7% |
| Taxes | 450/3 | €60,244 | €76,938 | +€16,693 | +27.7% |
| Other amounts payable | 47/48 | - | €700,000 | +€700,000 | |
| Accrued charges and deferred income | 492/3 | €188,236 | €221,190 | +€32,953 | +17.5% |
| Turnover | 70 | €2,056,638 | €2,113,767 | +€57,129 | +2.8% |
| Non-recurring operating income | 76A | - | €0 | = | |
| Goods, raw materials, services and sundry goods | 60/61 | €309,263 | €310,138 | +€876 | +0.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €594,644 | €594,644 | = | 0.0% |
| Other operating charges | 640/8 | €122,240 | €125,029 | +€2,789 | +2.3% |
| Non-recurring operating charges | 66A | - | €0 | = | |
| Gross operating margin | 9900 | €2,038,207 | €2,036,454 | -€1,753 | -0.1% |
| Operating profit (loss) | 9901 | €1,321,323 | €1,316,781 | -€4,542 | -0.3% |
| Financial income | 75/76B | - | €0 | = | |
| Recurring financial income | 75 | - | €0 | = | |
| Non-recurring financial income | 76B | - | €0 | = | |
| Financial charges | 65/66B | €566,024 | €523,424 | -€42,601 | -7.5% |
| Recurring financial charges | 65 | €566,024 | €523,424 | -€42,601 | -7.5% |
| Non-recurring financial charges | 66B | - | €0 | = | |
| Profit (loss) for the period before taxes | 9903 | €755,298 | €793,357 | +€38,059 | +5.0% |
| Income taxes | 67/77 | €176,587 | €198,339 | +€21,752 | +12.3% |
| Profit (loss) for the period | 9904 | €578,711 | €595,018 | +€16,307 | +2.8% |
| Profit (loss) for the period to be appropriated | 9905 | €578,711 | €595,018 | +€16,307 | +2.8% |
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 29 October 2026 via checked.be.