SOLEA: 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.
SOLEA
Largest movements
- Tangible fixed assets -€31,094
down €31,094 (-4.6%), from €673,234 to €642,139
of which Land and buildings: -€26,218
- Debts after one year -€59,138
down €59,138 (-36.6%), from €161,719 to €102,581
- Reserves +€32,157
up €32,157 (+7.8%), from €412,430 to €444,586
- Current portion of long-term debt +€9,774
up €9,774 (+22.6%), from €43,278 to €53,052
- Tax, wage and social debts -€7,306
down €7,306 (-28.6%), from €25,541 to €18,235
of which Remuneration and social security: -€9,243
- Staff costs -€21,859
down €21,859 (-57.7%), from €37,873 to €16,014
- Gross operating margin -€15,293
down €15,293 (-11.3%), from €135,730 to €120,438
- Financial charges -€3,172
down €3,172 (-25.1%), from €12,641 to €9,469
- Financial income -€2,898
down €2,898 (-98.1%), from €2,955 to €57
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 | €722,659 | €692,912 | -€29,747 | -4.1% |
| Fixed assets | 21/28 | €673,249 | €642,154 | -€31,094 | -4.6% |
| Tangible fixed assets | 22/27 | €673,234 | €642,139 | -€31,094 | -4.6% |
| Land and buildings | 22 | €601,758 | €575,541 | -€26,218 | -4.4% |
| Furniture and vehicles | 24 | €4,988 | €3,143 | -€1,845 | -37.0% |
| Other tangible fixed assets | 26 | €66,487 | €63,455 | -€3,032 | -4.6% |
| Financial fixed assets | 28 | €15 | €15 | = | 0.0% |
| Current assets | 29/58 | €49,411 | €50,758 | +€1,347 | +2.7% |
| Stocks and contracts in progress | 3 | €7,439 | €6,912 | -€527 | -7.1% |
| Stocks | 30/36 | €7,439 | €6,912 | -€527 | -7.1% |
| Amounts receivable within one year | 40/41 | €786 | €1,310 | +€524 | +66.7% |
| Trade receivables | 40 | €591 | €1,310 | +€719 | +122% |
| Other amounts receivable | 41 | €195 | - | -€195 | |
| Current investments | 50/53 | - | €983 | +€983 | |
| Cash at bank and in hand | 54/58 | €37,824 | €38,093 | +€269 | +0.7% |
| Deferred charges and accrued income | 490/1 | €3,362 | €3,460 | +€98 | +2.9% |
| Total equity and liabilities | 10/49 | €722,659 | €692,912 | -€29,747 | -4.1% |
| Equity | 10/15 | €451,511 | €483,668 | +€32,157 | +7.1% |
| Contributions | 10/11 | €39,082 | €39,082 | = | 0.0% |
| Reserves | 13 | €412,430 | €444,586 | +€32,157 | +7.8% |
| Distributable reserves | 133 | €412,430 | €444,586 | +€32,157 | +7.8% |
| Amounts payable | 17/49 | €271,148 | €209,244 | -€61,904 | -22.8% |
| Amounts payable after more than one year | 17 | €161,719 | €102,581 | -€59,138 | -36.6% |
| Financial debts | 170/4 | €161,719 | €102,581 | -€59,138 | -36.6% |
| Amounts payable within one year | 42/48 | €103,289 | €103,184 | -€105 | -0.1% |
| Current portion of amounts payable after more than one year | 42 | €43,278 | €53,052 | +€9,774 | +22.6% |
| Financial debts | 43 | €7,440 | €7,439 | -€1 | 0.0% |
| Credit institutions | 430/8 | €7,440 | €7,439 | -€1 | 0.0% |
| Trade debts | 44 | €25,364 | €22,792 | -€2,573 | -10.1% |
| Suppliers | 440/4 | €25,364 | €22,792 | -€2,573 | -10.1% |
| Taxes, remuneration and social security | 45 | €25,541 | €18,235 | -€7,306 | -28.6% |
| Taxes | 450/3 | €12,014 | €13,951 | +€1,938 | +16.1% |
| Remuneration and social security | 454/9 | €13,527 | €4,284 | -€9,243 | -68.3% |
| Other amounts payable | 47/48 | €1,666 | €1,666 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €6,140 | €3,480 | -€2,660 | -43.3% |
| Remuneration, social security and pensions | 62 | €37,873 | €16,014 | -€21,859 | -57.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €40,506 | €40,833 | +€328 | +0.8% |
| Other operating charges | 640/8 | €5,494 | €6,137 | +€643 | +11.7% |
| Gross operating margin | 9900 | €135,730 | €120,438 | -€15,293 | -11.3% |
| Operating profit (loss) | 9901 | €51,858 | €57,453 | +€5,595 | +10.8% |
| Financial income | 75/76B | €2,955 | €57 | -€2,898 | -98.1% |
| Recurring financial income | 75 | €2,955 | €57 | -€2,898 | -98.1% |
| Financial charges | 65/66B | €12,641 | €9,469 | -€3,172 | -25.1% |
| Recurring financial charges | 65 | €12,641 | €9,469 | -€3,172 | -25.1% |
| Profit (loss) for the period before taxes | 9903 | €42,172 | €48,041 | +€5,869 | +13.9% |
| Income taxes | 67/77 | €13,995 | €14,218 | +€223 | +1.6% |
| Profit (loss) for the period | 9904 | €28,177 | €33,823 | +€5,646 | +20.0% |
| Profit (loss) for the period to be appropriated | 9905 | €28,177 | €33,823 | +€5,646 | +20.0% |
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.