SOLEME: what changed
What changed
SOLEME
NACE 25.120, Manufacture of fabricated metal products, except machinery and equipment
filed annual accounts (NBB)
Net result for the year
-€564,375
2024 · €1,260-€565,635
Equity
€683,845
2024 · €192,833+€491,012
Cash
€135,001
2024 · €165,264-€30,263
Balance sheet total
€3.0m
2024 · €1.9m+€1.1m
Largest movements
Assets
- Tangible fixed assets +€1.0m
up €1.0m (+1,293%), from €80,524 to €1.1m
of which Land and buildings: +€1.1m
- Stocks and contracts +€60,582
up €60,582 (+6.1%), from €996,703 to €1.1m
of which Contracts in progress: +€55,500
- Cash -€30,263
down €30,263 (-18.3%), from €165,264 to €135,001
mainly Investment in fixed assets (net) (-€1.1m) and Net result for the year (-€564,375)
Equity and liabilities
- Revaluation surpluses +€1.1m
new in 2025: €1.1m
- Profit (loss) carried forward -€444,375
down €444,375, from €4,633 to -€439,742
- Trade debts +€345,242
up €345,242 (+40.8%), from €845,642 to €1.2m
- Debts after one year +€233,524
up €233,524 (+1,693%), from €13,793 to €247,316
- Tax, wage and social debts -€120,441
down €120,441 (-53.1%), from €226,852 to €106,410
of which Remuneration and social security: -€77,165
Income statement
- Gross operating margin -€823,287
down €823,287 (-52.1%), from €1.6m to €757,900
- Staff costs -€314,065
down €314,065 (-22.0%), from €1.4m to €1.1m
- Write-downs +€84,837
up €84,837 (+800%), from €10,605 to €95,442
- Financial charges -€24,904
down €24,904 (-24.7%), from €100,803 to €75,899
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€1,260
Gross operating margin
-€823,287
Staff costs
+€314,065
Depreciation
+€3,577
Write-downs
-€84,837
Provisions
-€5,008
Other operating charges
+€559
Financial income
-€3,049
Financial charges
+€24,904
Taxes
+€7,441
Result 2025
-€564,375
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
-€259,041
Investment
-€1.1m
Financing
+€1.3m
Cash 2024
€165,264
From operations (derived)
-€259,041
Net result for the year
-€564,375
Depreciation
+€14,374
Stocks and contracts
-€60,582
Receivables within one year
+€19,246
Smaller working-capital items
+€188
Trade debts
+€345,242
Tax, wage and social debts
-€120,441
Accrued charges and deferred income
+€107,306
Investment (derived)
-€1.1m
Investment in fixed assets (net)
-€1.1m
Financing
+€1.3m
Debts after one year
+€233,524
Current portion of long-term debt
+€255
Short-term financial debts
-€5,000
Contributions, distributions and other
+€1.1m
Cash 2025
€135,001
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,912,707 | €2,964,456 | +€1.1m | +55.0% |
| Fixed assets | 21/28 | €80,824 | €1,121,837 | +€1.0m | +1,288% |
| Tangible fixed assets | 22/27 | €80,524 | €1,121,537 | +€1.0m | +1,293% |
| Land and buildings | 22 | €47,514 | €1,100,000 | +€1.1m | +2,215% |
| Plant, machinery and equipment | 23 | €25,173 | €18,644 | -€6,529 | -25.9% |
| Furniture and vehicles | 24 | €7,836 | €2,893 | -€4,943 | -63.1% |
| Financial fixed assets | 28 | €300 | €300 | = | 0.0% |
| Current assets | 29/58 | €1,831,884 | €1,842,619 | +€10,735 | +0.6% |
| Stocks and contracts in progress | 3 | €996,703 | €1,057,285 | +€60,582 | +6.1% |
| Stocks | 30/36 | €296,203 | €301,285 | +€5,082 | +1.7% |
| Contracts in progress | 37 | €700,500 | €756,000 | +€55,500 | +7.9% |
| Amounts receivable within one year | 40/41 | €654,839 | €635,593 | -€19,246 | -2.9% |
| Trade receivables | 40 | €535,972 | €423,806 | -€112,166 | -20.9% |
| Other amounts receivable | 41 | €118,867 | €211,786 | +€92,920 | +78.2% |
| Cash at bank and in hand | 54/58 | €165,264 | €135,001 | -€30,263 | -18.3% |
| Deferred charges and accrued income | 490/1 | €15,078 | €14,740 | -€338 | -2.2% |
| Total equity and liabilities | 10/49 | €1,912,707 | €2,964,456 | +€1.1m | +55.0% |
| Equity | 10/15 | €192,833 | €683,845 | +€491,012 | +255% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Revaluation surpluses | 12 | - | €1,055,387 | +€1.1m | |
| Reserves | 13 | €126,200 | €6,200 | -€120,000 | -95.1% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Distributable reserves | 133 | €120,000 | €0 | -€120,000 | -100% |
| Profit (loss) carried forward | 14 | €4,633 | -€439,742 | -€444,375 | |
| Provisions and deferred taxes | 16 | €150 | €0 | -€150 | -100% |
| Provisions for liabilities and charges | 160/5 | €150 | €0 | -€150 | -100% |
| Other liabilities and charges | 164/5 | €150 | €0 | -€150 | -100% |
| Amounts payable | 17/49 | €1,719,724 | €2,280,611 | +€560,887 | +32.6% |
| Amounts payable after more than one year | 17 | €13,793 | €247,316 | +€233,524 | +1,693% |
| Financial debts | 170/4 | €13,793 | €247,316 | +€233,524 | +1,693% |
| Amounts payable within one year | 42/48 | €1,658,715 | €1,878,771 | +€220,057 | +13.3% |
| Current portion of amounts payable after more than one year | 42 | €6,221 | €6,476 | +€255 | +4.1% |
| Financial debts | 43 | €500,000 | €495,000 | -€5,000 | -1.0% |
| Credit institutions | 430/8 | €500,000 | €495,000 | -€5,000 | -1.0% |
| Trade debts | 44 | €845,642 | €1,190,884 | +€345,242 | +40.8% |
| Suppliers | 440/4 | €845,642 | €1,190,884 | +€345,242 | +40.8% |
| Taxes, remuneration and social security | 45 | €226,852 | €106,410 | -€120,441 | -53.1% |
| Taxes | 450/3 | €59,365 | €16,090 | -€43,276 | -72.9% |
| Remuneration and social security | 454/9 | €167,486 | €90,321 | -€77,165 | -46.1% |
| Other amounts payable | 47/48 | €80,000 | €80,000 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €47,216 | €154,523 | +€107,306 | +227% |
| Remuneration, social security and pensions | 62 | €1,429,586 | €1,115,521 | -€314,065 | -22.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,951 | €14,374 | -€3,577 | -19.9% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €10,605 | €95,442 | +€84,837 | +800% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | -€5,159 | -€150 | +€5,008 | +97.1% |
| Other operating charges | 640/8 | €23,366 | €22,807 | -€559 | -2.4% |
| Gross operating margin | 9900 | €1,581,187 | €757,900 | -€823,287 | -52.1% |
| Operating profit (loss) | 9901 | €104,838 | -€490,093 | -€594,931 | |
| Financial income | 75/76B | €5,126 | €2,077 | -€3,049 | -59.5% |
| Recurring financial income | 75 | €5,126 | €2,077 | -€3,049 | -59.5% |
| Financial charges | 65/66B | €100,803 | €75,899 | -€24,904 | -24.7% |
| Recurring financial charges | 65 | €100,803 | €75,899 | -€24,904 | -24.7% |
| Profit (loss) for the period before taxes | 9903 | €9,162 | -€563,914 | -€573,076 | |
| Income taxes | 67/77 | €7,902 | €461 | -€7,441 | -94.2% |
| Profit (loss) for the period | 9904 | €1,260 | -€564,375 | -€565,635 | |
| Profit (loss) for the period to be appropriated | 9905 | €1,260 | -€564,375 | -€565,635 |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 2 November 2026 via checked.be.