SOLDADO CONSTRUCT: 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.
SOLDADO CONSTRUCT
Largest movements
- Receivables within one year +€11,655
up €11,655 (+29.7%), from €39,298 to €50,953
of which Trade receivables: +€13,619
- Tangible fixed assets -€8,106
down €8,106 (-25.1%), from €32,325 to €24,219
of which Leasing and similar rights: -€5,445
- Cash -€1,784
down €1,784 (-77.6%), from €2,300 to €516
mainly Receivables within one year (-€11,655) and Debts after one year (-€3,548)
- Debts after one year -€3,548
down €3,548 (-27.1%), from €13,081 to €9,533
- Other debts +€3,311
up €3,311 (+19.6%), from €16,919 to €20,230
- Profit (loss) carried forward +€1,935
up €1,935 (+8.5%), from €22,681 to €24,616
- Trade debts -€1,360
down €1,360 (-11.0%), from €12,404 to €11,044
- Purchases and services -€396,079
down €396,079 (-55.5%), from €714,141 to €318,061
- Gross operating margin -€24,251
down €24,251 (-61.5%), from €39,410 to €15,159
- Taxes -€4,737
down €4,737 (-86.5%), from €5,476 to €739
- Depreciation +€2,682
up €2,682 (+36.1%), from €7,424 to €10,106
- Financial charges -€872
down €872 (-39.3%), from €2,217 to €1,344
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 | €74,881 | €75,900 | +€1,019 | +1.4% |
| Fixed assets | 21/28 | €32,325 | €24,219 | -€8,106 | -25.1% |
| Tangible fixed assets | 22/27 | €32,325 | €24,219 | -€8,106 | -25.1% |
| Plant, machinery and equipment | 23 | €10,027 | €5,894 | -€4,133 | -41.2% |
| Furniture and vehicles | 24 | - | €1,472 | +€1,472 | |
| Leasing and similar rights | 25 | €22,298 | €16,853 | -€5,445 | -24.4% |
| Current assets | 29/58 | €42,556 | €51,681 | +€9,126 | +21.4% |
| Amounts receivable within one year | 40/41 | €39,298 | €50,953 | +€11,655 | +29.7% |
| Trade receivables | 40 | €31,931 | €45,550 | +€13,619 | +42.7% |
| Other amounts receivable | 41 | €7,367 | €5,403 | -€1,964 | -26.7% |
| Cash at bank and in hand | 54/58 | €2,300 | €516 | -€1,784 | -77.6% |
| Deferred charges and accrued income | 490/1 | €958 | €213 | -€746 | -77.8% |
| Total equity and liabilities | 10/49 | €74,881 | €75,900 | +€1,019 | +1.4% |
| Equity | 10/15 | €23,681 | €25,616 | +€1,935 | +8.2% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €22,681 | €24,616 | +€1,935 | +8.5% |
| Amounts payable | 17/49 | €51,200 | €50,284 | -€916 | -1.8% |
| Amounts payable after more than one year | 17 | €13,081 | €9,533 | -€3,548 | -27.1% |
| Financial debts | 170/4 | €13,081 | €9,533 | -€3,548 | -27.1% |
| Amounts payable within one year | 42/48 | €38,119 | €40,751 | +€2,632 | +6.9% |
| Current portion of amounts payable after more than one year | 42 | €3,319 | €3,261 | -€58 | -1.7% |
| Trade debts | 44 | €12,404 | €11,044 | -€1,360 | -11.0% |
| Suppliers | 440/4 | €12,404 | €11,044 | -€1,360 | -11.0% |
| Taxes, remuneration and social security | 45 | €5,476 | €6,215 | +€739 | +13.5% |
| Taxes | 450/3 | €5,476 | €6,215 | +€739 | +13.5% |
| Other amounts payable | 47/48 | €16,919 | €20,230 | +€3,311 | +19.6% |
| Goods, raw materials, services and sundry goods | 60/61 | €714,141 | €318,061 | -€396,079 | -55.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,424 | €10,106 | +€2,682 | +36.1% |
| Other operating charges | 640/8 | €812 | €1,034 | +€222 | +27.3% |
| Non-recurring operating charges | 66A | €800 | - | -€800 | |
| Gross operating margin | 9900 | €39,410 | €15,159 | -€24,251 | -61.5% |
| Operating profit (loss) | 9901 | €30,374 | €4,019 | -€26,355 | -86.8% |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €2,217 | €1,344 | -€872 | -39.3% |
| Recurring financial charges | 65 | €2,217 | €1,344 | -€872 | -39.3% |
| Profit (loss) for the period before taxes | 9903 | €28,157 | €2,675 | -€25,482 | -90.5% |
| Income taxes | 67/77 | €5,476 | €739 | -€4,737 | -86.5% |
| Profit (loss) for the period | 9904 | €22,681 | €1,935 | -€20,745 | -91.5% |
| Profit (loss) for the period to be appropriated | 9905 | €22,681 | €1,935 | -€20,745 | -91.5% |
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 9 October 2026 via checked.be.