SOLEIL D'AUSTERLITZ: 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.
SOLEIL D'AUSTERLITZ
Largest movements
- Cash -€292,404
down €292,404 (-83.6%), from €349,572 to €57,168
mainly Investment in fixed assets (net) (-€318,497) and Other debts (-€309,688)
- Tangible fixed assets +€167,198
up €167,198 (+52.4%), from €319,251 to €486,450
of which Land and buildings: +€259,241
- Receivables within one year -€127,990
down €127,990 (-99.9%), from €128,065 to €75
of which Trade receivables: -€103,203
- Debts after one year +€413,914
new in 2025: €413,914
- Other debts -€309,688
down €309,688 (-99.8%), from €310,349 to €661
- Profit (loss) carried forward -€230,521
down €230,521 (-115%), from -€200,541 to -€431,061
- Trade debts -€106,273
down €106,273 (-48.6%), from €218,562 to €112,289
- Short-term financial debts -€70,155
down €70,155 (-86.6%), from €81,033 to €10,878
- Staff costs +€57,292
up €57,292 (+5.8%), from €983,859 to €1.0m
- Depreciation +€28,840
up €28,840 (+23.6%), from €122,458 to €151,298
- Financial charges +€13,620
up €13,620 (+112%), from €12,197 to €25,817
- Gross operating margin +€12,152
up €12,152 (+1.2%), from €983,396 to €995,548
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 | €820,472 | €570,663 | -€249,809 | -30.4% |
| Fixed assets | 21/28 | €319,500 | €486,698 | +€167,198 | +52.3% |
| Tangible fixed assets | 22/27 | €319,251 | €486,450 | +€167,198 | +52.4% |
| Land and buildings | 22 | €153,784 | €413,025 | +€259,241 | +169% |
| Plant, machinery and equipment | 23 | €47,634 | €37,927 | -€9,707 | -20.4% |
| Furniture and vehicles | 24 | €1,295 | €2,849 | +€1,554 | +120% |
| Other tangible fixed assets | 26 | €116,539 | €32,649 | -€83,889 | -72.0% |
| Financial fixed assets | 28 | €248 | €248 | = | 0.0% |
| Current assets | 29/58 | €500,972 | €83,965 | -€417,008 | -83.2% |
| Stocks and contracts in progress | 3 | €15,382 | €19,881 | +€4,499 | +29.3% |
| Stocks | 30/36 | €15,382 | €19,881 | +€4,499 | +29.3% |
| Amounts receivable within one year | 40/41 | €128,065 | €75 | -€127,990 | -99.9% |
| Trade receivables | 40 | €103,203 | - | -€103,203 | |
| Other amounts receivable | 41 | €24,862 | €75 | -€24,787 | -99.7% |
| Cash at bank and in hand | 54/58 | €349,572 | €57,168 | -€292,404 | -83.6% |
| Deferred charges and accrued income | 490/1 | €7,954 | €6,841 | -€1,113 | -14.0% |
| Total equity and liabilities | 10/49 | €820,472 | €570,663 | -€249,809 | -30.4% |
| Equity | 10/15 | €116,453 | -€114,068 | -€230,521 | |
| Contributions | 10/11 | €312,000 | €312,000 | = | 0.0% |
| Reserves | 13 | €4,994 | €4,994 | = | 0.0% |
| Distributable reserves | 133 | €4,994 | €4,994 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€200,541 | -€431,061 | -€230,521 | -115% |
| Amounts payable | 17/49 | €704,019 | €684,730 | -€19,289 | -2.7% |
| Amounts payable after more than one year | 17 | - | €413,914 | +€413,914 | |
| Financial debts | 170/4 | - | €413,914 | +€413,914 | |
| Amounts payable within one year | 42/48 | €696,844 | €264,825 | -€432,019 | -62.0% |
| Current portion of amounts payable after more than one year | 42 | - | €45,999 | +€45,999 | |
| Financial debts | 43 | €81,033 | €10,878 | -€70,155 | -86.6% |
| Other loans | 439 | €81,033 | €10,878 | -€70,155 | -86.6% |
| Trade debts | 44 | €218,562 | €112,289 | -€106,273 | -48.6% |
| Suppliers | 440/4 | €218,562 | €112,289 | -€106,273 | -48.6% |
| Taxes, remuneration and social security | 45 | €86,901 | €94,998 | +€8,097 | +9.3% |
| Taxes | 450/3 | €546 | €1,703 | +€1,157 | +212% |
| Remuneration and social security | 454/9 | €86,355 | €93,295 | +€6,940 | +8.0% |
| Other amounts payable | 47/48 | €310,349 | €661 | -€309,688 | -99.8% |
| Accrued charges and deferred income | 492/3 | €7,175 | €5,991 | -€1,184 | -16.5% |
| Remuneration, social security and pensions | 62 | €983,859 | €1,041,152 | +€57,292 | +5.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €122,458 | €151,298 | +€28,840 | +23.6% |
| Other operating charges | 640/8 | €13,463 | €10,646 | -€2,816 | -20.9% |
| Gross operating margin | 9900 | €983,396 | €995,548 | +€12,152 | +1.2% |
| Operating profit (loss) | 9901 | -€136,384 | -€207,549 | -€71,164 | -52.2% |
| Financial income | 75/76B | €627 | €2,849 | +€2,222 | +354% |
| Recurring financial income | 75 | €627 | €2,849 | +€2,222 | +354% |
| Financial charges | 65/66B | €12,197 | €25,817 | +€13,620 | +112% |
| Recurring financial charges | 65 | €12,197 | €25,817 | +€13,620 | +112% |
| Profit (loss) for the period before taxes | 9903 | -€147,955 | -€230,517 | -€82,562 | -55.8% |
| Income taxes | 67/77 | - | €4 | +€4 | |
| Profit (loss) for the period | 9904 | -€147,955 | -€230,521 | -€82,566 | -55.8% |
| Profit (loss) for the period to be appropriated | 9905 | -€147,955 | -€230,521 | -€82,566 | -55.8% |
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 27 October 2026 via checked.be.