SOLEA TRADE GROUP: 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 TRADE GROUP
Largest movements
- Receivables within one year -€507,654
down €507,654 (-21.2%), from €2.4m to €1.9m
of which Trade receivables: -€506,253
- Cash -€113,325
down €113,325 (-99.6%), from €113,819 to €495
mainly Trade debts (-€553,033) and Net result for the year (-€452,555)
- Intangible fixed assets -€88,700
down €88,700 (-33.3%), from €266,100 to €177,400
- Trade debts -€553,033
down €553,033 (-95.3%), from €580,254 to €27,220
- Profit (loss) carried forward -€452,555
down €452,555 (-480%), from -€94,224 to -€546,780
- Other debts +€197,128
up €197,128 (+19.2%), from €1.0m to €1.2m
- Advances received +€95,756
up €95,756 (+374%), from €25,595 to €121,351
- Gross operating margin -€445,077
down €445,077, from €153,042 to -€292,034
- Financial charges +€140,459
up €140,459 (+62.5%), from €224,800 to €365,259
- Other operating charges -€81,665
down €81,665 (-98.6%), from €82,821 to €1,156
- Financial income +€74,618
up €74,618 (+33.8%), from €220,515 to €295,133
- Write-downs -€5,701
no longer reported in 2024 (was €5,701)
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.
Derived cash bridge
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 | €2,975,922 | €2,261,697 | -€714,226 | -24.0% |
| Fixed assets | 21/28 | €267,760 | €178,522 | -€89,239 | -33.3% |
| Intangible fixed assets | 21 | €266,100 | €177,400 | -€88,700 | -33.3% |
| Tangible fixed assets | 22/27 | €1,660 | €1,122 | -€539 | -32.4% |
| Other tangible fixed assets | 26 | €1,660 | €1,122 | -€539 | -32.4% |
| Current assets | 29/58 | €2,708,162 | €2,083,175 | -€624,987 | -23.1% |
| Stocks and contracts in progress | 3 | €199,308 | €195,300 | -€4,008 | -2.0% |
| Stocks | 30/36 | €199,308 | €195,300 | -€4,008 | -2.0% |
| Amounts receivable within one year | 40/41 | €2,395,035 | €1,887,380 | -€507,654 | -21.2% |
| Trade receivables | 40 | €2,393,002 | €1,886,749 | -€506,253 | -21.2% |
| Other amounts receivable | 41 | €2,033 | €631 | -€1,401 | -68.9% |
| Cash at bank and in hand | 54/58 | €113,819 | €495 | -€113,325 | -99.6% |
| Total equity and liabilities | 10/49 | €2,975,922 | €2,261,697 | -€714,226 | -24.0% |
| Equity | 10/15 | €3,222 | -€449,334 | -€452,555 | |
| Contributions | 10/11 | €22,213 | €22,213 | = | 0.0% |
| Reserves | 13 | €75,233 | €75,233 | = | 0.0% |
| Non-distributable reserves | 130/1 | €2,221 | €2,221 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,221 | €2,221 | = | 0.0% |
| Distributable reserves | 133 | €73,012 | €73,012 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€94,224 | -€546,780 | -€452,555 | -480% |
| Amounts payable | 17/49 | €2,972,701 | €2,711,031 | -€261,670 | -8.8% |
| Amounts payable after more than one year | 17 | €266,800 | €266,800 | = | 0.0% |
| Financial debts | 170/4 | €266,800 | €266,800 | = | 0.0% |
| Amounts payable within one year | 42/48 | €2,705,901 | €2,444,231 | -€261,670 | -9.7% |
| Financial debts | 43 | €1,071,159 | €1,069,638 | -€1,521 | -0.1% |
| Credit institutions | 430/8 | €1,071,159 | €1,069,638 | -€1,521 | -0.1% |
| Trade debts | 44 | €580,254 | €27,220 | -€553,033 | -95.3% |
| Suppliers | 440/4 | €580,254 | €27,220 | -€553,033 | -95.3% |
| Advances received on contracts in progress | 46 | €25,595 | €121,351 | +€95,756 | +374% |
| Other amounts payable | 47/48 | €1,028,893 | €1,226,021 | +€197,128 | +19.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €89,239 | €89,239 | = | 0.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €5,701 | - | -€5,701 | |
| Other operating charges | 640/8 | €82,821 | €1,156 | -€81,665 | -98.6% |
| Gross operating margin | 9900 | €153,042 | -€292,034 | -€445,077 | |
| Operating profit (loss) | 9901 | -€24,718 | -€382,429 | -€357,710 | -1,447% |
| Financial income | 75/76B | €220,515 | €295,133 | +€74,618 | +33.8% |
| Recurring financial income | 75 | €220,515 | €295,133 | +€74,618 | +33.8% |
| Financial charges | 65/66B | €224,800 | €365,259 | +€140,459 | +62.5% |
| Recurring financial charges | 65 | €224,800 | €365,259 | +€140,459 | +62.5% |
| Profit (loss) for the period before taxes | 9903 | -€29,003 | -€452,555 | -€423,552 | -1,460% |
| Profit (loss) for the period | 9904 | -€29,003 | -€452,555 | -€423,552 | -1,460% |
| Profit (loss) for the period to be appropriated | 9905 | -€29,003 | -€452,555 | -€423,552 | -1,460% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 31 October 2026 via checked.be.