SOLEL: 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.
SOLEL
Largest movements
- Cash +€18,773
new in 2025: €18,773
mainly Net result for the year (+€18,149) and Tax, wage and social debts (+€2,037)
- Formation expenses -€256
down €256 (-20.0%), from €1,281 to €1,024
- Profit (loss) carried forward +€18,149
up €18,149, from -€389 to €17,760
- Tax, wage and social debts +€2,037
new in 2025: €2,037
- Trade debts -€1,669
no longer reported in 2025 (was €1,669)
- Turnover +€24,000
new in 2025: €24,000
- Gross operating margin +€23,359
new in 2025: €23,359
- Taxes +€4,537
new in 2025: €4,537
- Purchases and services +€641
new in 2025: €641
- Depreciation +€255
up €255 (+18,216%), from €1 to €256
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 | €1,381 | €19,897 | +€18,517 | +1,341% |
| Formation expenses | 20 | €1,281 | €1,024 | -€256 | -20.0% |
| Fixed assets | 21/28 | - | €100 | +€100 | |
| Financial fixed assets | 28 | - | €100 | +€100 | |
| Current assets | 29/58 | €100 | €18,773 | +€18,673 | +18,673% |
| Amounts receivable within one year | 40/41 | €100 | - | -€100 | |
| Other amounts receivable | 41 | €100 | - | -€100 | |
| Cash at bank and in hand | 54/58 | - | €18,773 | +€18,773 | |
| Total equity and liabilities | 10/49 | €1,381 | €19,897 | +€18,517 | +1,341% |
| Equity | 10/15 | -€289 | €17,860 | +€18,149 | |
| Contributions | 10/11 | €100 | €100 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€389 | €17,760 | +€18,149 | |
| Amounts payable | 17/49 | €1,669 | €2,037 | +€368 | +22.0% |
| Amounts payable within one year | 42/48 | €1,669 | €2,037 | +€368 | +22.0% |
| Trade debts | 44 | €1,669 | - | -€1,669 | |
| Suppliers | 440/4 | €1,669 | - | -€1,669 | |
| Taxes, remuneration and social security | 45 | - | €2,037 | +€2,037 | |
| Taxes | 450/3 | - | €2,037 | +€2,037 | |
| Turnover | 70 | - | €24,000 | +€24,000 | |
| Goods, raw materials, services and sundry goods | 60/61 | - | €641 | +€641 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1 | €256 | +€255 | +18,216% |
| Other operating charges | 640/8 | €387 | €400 | +€12 | +3.2% |
| Gross operating margin | 9900 | - | €23,359 | +€23,359 | |
| Operating profit (loss) | 9901 | -€389 | €22,703 | +€23,091 | |
| Financial charges | 65/66B | - | €17 | +€17 | |
| Recurring financial charges | 65 | - | €17 | +€17 | |
| Profit (loss) for the period before taxes | 9903 | -€389 | €22,686 | +€23,075 | |
| Income taxes | 67/77 | - | €4,537 | +€4,537 | |
| Profit (loss) for the period | 9904 | -€389 | €18,149 | +€18,538 | |
| Profit (loss) for the period to be appropriated | 9905 | -€389 | €18,149 | +€18,538 |
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 20 October 2026 via checked.be.