SOLCAM: 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.
SOLCAM
Largest movements
- Receivables within one year -€17,012
down €17,012 (-21.1%), from €80,790 to €63,778
of which Trade receivables: -€54,642
- Tangible fixed assets -€11,884
down €11,884 (-43.7%), from €27,175 to €15,290
of which Furniture and vehicles: -€9,380
- Cash +€6,854
up €6,854 (+77.6%), from €8,831 to €15,685
mainly Receivables within one year (+€17,012) and Debts after one year (+€13,127)
- Profit (loss) carried forward -€21,373
down €21,373, from €1,569 to -€19,804
- Debts after one year +€13,127
up €13,127 (+136.5%), from €9,614 to €22,740
- Trade debts -€11,285
down €11,285 (-22.3%), from €50,717 to €39,432
- Current portion of long-term debt -€7,134
down €7,134 (-82.9%), from €8,604 to €1,470
- Short-term financial debts +€2,861
up €2,861 (+12.5%), from €22,878 to €25,738
- Gross operating margin -€57,442
down €57,442 (-36.7%), from €156,369 to €98,927
- Staff costs -€17,874
down €17,874 (-15.4%), from €116,265 to €98,391
- Depreciation -€5,275
down €5,275 (-29.6%), from €17,793 to €12,518
- Financial charges -€1,940
down €1,940 (-26.0%), from €7,470 to €5,530
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 | €122,195 | €99,538 | -€22,657 | -18.5% |
| Fixed assets | 21/28 | €28,586 | €16,067 | -€12,518 | -43.8% |
| Intangible fixed assets | 21 | €1,287 | €653 | -€634 | -49.3% |
| Tangible fixed assets | 22/27 | €27,175 | €15,290 | -€11,884 | -43.7% |
| Plant, machinery and equipment | 23 | €6,006 | €3,502 | -€2,504 | -41.7% |
| Furniture and vehicles | 24 | €21,168 | €11,788 | -€9,380 | -44.3% |
| Financial fixed assets | 28 | €124 | €124 | = | 0.0% |
| Current assets | 29/58 | €93,609 | €83,471 | -€10,138 | -10.8% |
| Stocks and contracts in progress | 3 | €3,550 | €3,550 | = | 0.0% |
| Stocks | 30/36 | €3,550 | €3,550 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €80,790 | €63,778 | -€17,012 | -21.1% |
| Trade receivables | 40 | €75,096 | €20,455 | -€54,642 | -72.8% |
| Other amounts receivable | 41 | €5,693 | €43,323 | +€37,630 | +660.9% |
| Cash at bank and in hand | 54/58 | €8,831 | €15,685 | +€6,854 | +77.6% |
| Deferred charges and accrued income | 490/1 | €439 | €458 | +€19 | +4.4% |
| Total equity and liabilities | 10/49 | €122,195 | €99,538 | -€22,657 | -18.5% |
| Equity | 10/15 | €20,119 | -€1,254 | -€21,373 | |
| Contributions | 10/11 | €10,150 | €10,150 | = | 0.0% |
| Reserves | 13 | €8,400 | €8,400 | = | 0.0% |
| Non-distributable reserves | 130/1 | €8,400 | €8,400 | = | 0.0% |
| Reserves not available under the articles | 1311 | €8,400 | €8,400 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,569 | -€19,804 | -€21,373 | |
| Amounts payable | 17/49 | €102,076 | €100,791 | -€1,284 | -1.3% |
| Amounts payable after more than one year | 17 | €9,614 | €22,740 | +€13,127 | +136.5% |
| Financial debts | 170/4 | €9,614 | €22,740 | +€13,127 | +136.5% |
| Amounts payable within one year | 42/48 | €92,237 | €78,051 | -€14,186 | -15.4% |
| Current portion of amounts payable after more than one year | 42 | €8,604 | €1,470 | -€7,134 | -82.9% |
| Financial debts | 43 | €22,878 | €25,738 | +€2,861 | +12.5% |
| Credit institutions | 430/8 | €22,878 | €25,738 | +€2,861 | +12.5% |
| Trade debts | 44 | €50,717 | €39,432 | -€11,285 | -22.3% |
| Suppliers | 440/4 | €50,717 | €39,432 | -€11,285 | -22.3% |
| Taxes, remuneration and social security | 45 | €10,038 | €11,410 | +€1,373 | +13.7% |
| Taxes | 450/3 | €1,313 | €1,460 | +€147 | +11.2% |
| Remuneration and social security | 454/9 | €8,724 | €9,951 | +€1,226 | +14.1% |
| Other amounts payable | 47/48 | €0 | €0 | = | |
| Accrued charges and deferred income | 492/3 | €225 | €0 | -€225 | -100.0% |
| Remuneration, social security and pensions | 62 | €116,265 | €98,391 | -€17,874 | -15.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,793 | €12,518 | -€5,275 | -29.6% |
| Other operating charges | 640/8 | €3,519 | €5,068 | +€1,550 | +44.0% |
| Operating charges capitalised as restructuring costs | 649 | - | €0 | = | |
| Non-recurring operating charges | 66A | €9,871 | €0 | -€9,871 | -100.0% |
| Gross operating margin | 9900 | €156,369 | €98,927 | -€57,442 | -36.7% |
| Operating profit (loss) | 9901 | €8,922 | -€17,051 | -€25,972 | |
| Financial income | 75/76B | €47 | €1,466 | +€1,419 | +3031.5% |
| Recurring financial income | 75 | €47 | €1,466 | +€1,419 | +3031.5% |
| Financial charges | 65/66B | €7,470 | €5,530 | -€1,940 | -26.0% |
| Recurring financial charges | 65 | €7,470 | €5,530 | -€1,940 | -26.0% |
| Profit (loss) for the period before taxes | 9903 | €1,499 | -€21,114 | -€22,613 | |
| Income taxes | 67/77 | €267 | €258 | -€8 | -3.2% |
| Profit (loss) for the period | 9904 | €1,232 | -€21,373 | -€22,605 | |
| Profit (loss) for the period to be appropriated | 9905 | €1,232 | -€21,373 | -€22,605 |
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.