Solea Management: 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.
Solea Management
Largest movements
- Receivables within one year +€50,918
up €50,918 (+201.7%), from €25,250 to €76,168
of which Other amounts receivable: +€53,338
- Cash -€35,390
down €35,390 (-48.1%), from €73,499 to €38,109
mainly Receivables within one year (-€50,918) and Debts after one year (-€8,542)
- Tangible fixed assets -€8,131
down €8,131 (-3.4%), from €241,047 to €232,916
of which Land and buildings: -€6,370
- Profit (loss) carried forward +€24,742
up €24,742 (+23.4%), from €105,805 to €130,547
- Debts after one year -€8,542
down €8,542 (-4.6%), from €184,693 to €176,150
of which Financial debts: -€8,642
- Tax, wage and social debts -€7,295
down €7,295 (-20.2%), from €36,186 to €28,891
- Gross operating margin +€12,970
up €12,970 (+37.9%), from €34,244 to €47,214
- Taxes +€3,142
up €3,142 (+52.7%), from €5,963 to €9,105
- Financial income +€1,652
up €1,652 (+5953.8%), from €28 to €1,680
- Financial charges +€811
up €811 (+17.0%), from €4,761 to €5,572
- Other operating charges +€603
up €603 (+81.3%), from €741 to €1,344
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €341,779 | €349,105 | +€7,326 | +2.1% |
| Fixed assets | 21/28 | €242,927 | €234,796 | -€8,131 | -3.3% |
| Tangible fixed assets | 22/27 | €241,047 | €232,916 | -€8,131 | -3.4% |
| Land and buildings | 22 | €232,923 | €226,553 | -€6,370 | -2.7% |
| Furniture and vehicles | 24 | €3,247 | €2,033 | -€1,214 | -37.4% |
| Other tangible fixed assets | 26 | €4,877 | €4,330 | -€547 | -11.2% |
| Financial fixed assets | 28 | €1,880 | €1,880 | = | 0.0% |
| Current assets | 29/58 | €98,852 | €114,309 | +€15,456 | +15.6% |
| Amounts receivable within one year | 40/41 | €25,250 | €76,168 | +€50,918 | +201.7% |
| Trade receivables | 40 | €24,200 | €21,780 | -€2,420 | -10.0% |
| Other amounts receivable | 41 | €1,050 | €54,388 | +€53,338 | +5080.9% |
| Cash at bank and in hand | 54/58 | €73,499 | €38,109 | -€35,390 | -48.1% |
| Deferred charges and accrued income | 490/1 | €104 | €32 | -€72 | -69.6% |
| Total equity and liabilities | 10/49 | €341,779 | €349,105 | +€7,326 | +2.1% |
| Equity | 10/15 | €107,805 | €132,547 | +€24,742 | +23.0% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €105,805 | €130,547 | +€24,742 | +23.4% |
| Amounts payable | 17/49 | €233,974 | €216,558 | -€17,417 | -7.4% |
| Amounts payable after more than one year | 17 | €184,693 | €176,150 | -€8,542 | -4.6% |
| Financial debts | 170/4 | €183,193 | €174,550 | -€8,642 | -4.7% |
| Other amounts payable | 178/9 | €1,500 | €1,600 | +€100 | +6.7% |
| Amounts payable within one year | 42/48 | €49,282 | €40,407 | -€8,874 | -18.0% |
| Current portion of amounts payable after more than one year | 42 | €8,482 | €8,642 | +€160 | +1.9% |
| Financial debts | 43 | €1,267 | €234 | -€1,033 | -81.5% |
| Credit institutions | 430/8 | €1,267 | €234 | -€1,033 | -81.5% |
| Trade debts | 44 | €3,346 | €2,640 | -€707 | -21.1% |
| Suppliers | 440/4 | €3,346 | €2,640 | -€707 | -21.1% |
| Taxes, remuneration and social security | 45 | €36,186 | €28,891 | -€7,295 | -20.2% |
| Taxes | 450/3 | €36,186 | €28,891 | -€7,295 | -20.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,180 | €8,131 | -€49 | -0.6% |
| Other operating charges | 640/8 | €741 | €1,344 | +€603 | +81.3% |
| Gross operating margin | 9900 | €34,244 | €47,214 | +€12,970 | +37.9% |
| Operating profit (loss) | 9901 | €25,323 | €37,738 | +€12,416 | +49.0% |
| Financial income | 75/76B | €28 | €1,680 | +€1,652 | +5953.8% |
| Recurring financial income | 75 | €28 | €1,680 | +€1,652 | +5953.8% |
| Financial charges | 65/66B | €4,761 | €5,572 | +€811 | +17.0% |
| Recurring financial charges | 65 | €4,761 | €5,572 | +€811 | +17.0% |
| Profit (loss) for the period before taxes | 9903 | €20,590 | €33,847 | +€13,257 | +64.4% |
| Income taxes | 67/77 | €5,963 | €9,105 | +€3,142 | +52.7% |
| Profit (loss) for the period | 9904 | €14,627 | €24,742 | +€10,115 | +69.2% |
| Profit (loss) for the period to be appropriated | 9905 | €14,627 | €24,742 | +€10,115 | +69.2% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.