SOLENA: 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.
SOLENA
Largest movements
- Receivables within one year +€72,316
up €72,316 (+460.8%), from €15,695 to €88,011
of which Trade receivables: +€72,337
- Cash +€39,104
up €39,104 (+539.9%), from €7,242 to €46,346
mainly Net result for the year (+€61,748) and Tax, wage and social debts (+€41,887)
- Tangible fixed assets +€13,687
up €13,687 (+432.5%), from €3,164 to €16,851
of which Furniture and vehicles: +€13,434
- Stocks and contracts +€4,037
up €4,037 (+263.4%), from €1,533 to €5,570
- Reserves +€61,000
new in 2025: €61,000
- Tax, wage and social debts +€41,887
up €41,887 (+832.7%), from €5,030 to €46,917
of which Taxes: +€32,992
- Trade debts +€19,896
up €19,896 (+310.4%), from €6,410 to €26,306
- Other debts +€7,729
up €7,729 (+79.8%), from €9,691 to €17,421
- Gross operating margin +€145,501
up €145,501 (+374.2%), from €38,885 to €184,386
- Staff costs +€71,064
up €71,064 (+176.3%), from €40,303 to €111,367
- Taxes +€24,113
up €24,113 (+5078.3%), from €475 to €24,588
- Financial income +€10,822
up €10,822 (+191.2%), from €5,660 to €16,482
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.
Cash bridge derived
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 | €28,127 | €159,303 | +€131,176 | +466.4% |
| Fixed assets | 21/28 | €3,657 | €18,079 | +€14,422 | +394.3% |
| Tangible fixed assets | 22/27 | €3,164 | €16,851 | +€13,687 | +432.5% |
| Plant, machinery and equipment | 23 | €665 | €253 | -€413 | -62.1% |
| Furniture and vehicles | 24 | €1,551 | €14,985 | +€13,434 | +866.0% |
| Leasing and similar rights | 25 | €948 | €1,614 | +€666 | +70.3% |
| Financial fixed assets | 28 | €493 | €1,228 | +€735 | +149.1% |
| Current assets | 29/58 | €24,470 | €141,224 | +€116,754 | +477.1% |
| Stocks and contracts in progress | 3 | €1,533 | €5,570 | +€4,037 | +263.4% |
| Stocks | 30/36 | €1,533 | €5,570 | +€4,037 | +263.4% |
| Amounts receivable within one year | 40/41 | €15,695 | €88,011 | +€72,316 | +460.8% |
| Trade receivables | 40 | €15,674 | €88,011 | +€72,337 | +461.5% |
| Other amounts receivable | 41 | €21 | - | -€21 | |
| Cash at bank and in hand | 54/58 | €7,242 | €46,346 | +€39,104 | +539.9% |
| Deferred charges and accrued income | 490/1 | - | €1,298 | +€1,298 | |
| Total equity and liabilities | 10/49 | €28,127 | €159,303 | +€131,176 | +466.4% |
| Equity | 10/15 | €6,026 | €67,774 | +€61,748 | +1024.8% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | - | €61,000 | +€61,000 | |
| Distributable reserves | 133 | - | €61,000 | +€61,000 | |
| Profit (loss) carried forward | 14 | €1,026 | €1,774 | +€748 | +72.9% |
| Amounts payable | 17/49 | €22,102 | €91,529 | +€69,428 | +314.1% |
| Amounts payable within one year | 42/48 | €22,102 | €91,529 | +€69,428 | +314.1% |
| Financial debts | 43 | €970 | €885 | -€85 | -8.7% |
| Credit institutions | 430/8 | €970 | €885 | -€85 | -8.7% |
| Trade debts | 44 | €6,410 | €26,306 | +€19,896 | +310.4% |
| Suppliers | 440/4 | €6,410 | €26,306 | +€19,896 | +310.4% |
| Taxes, remuneration and social security | 45 | €5,030 | €46,917 | +€41,887 | +832.7% |
| Taxes | 450/3 | €1,559 | €34,551 | +€32,992 | +2115.6% |
| Remuneration and social security | 454/9 | €3,471 | €12,366 | +€8,895 | +256.3% |
| Other amounts payable | 47/48 | €9,691 | €17,421 | +€7,729 | +79.8% |
| Remuneration, social security and pensions | 62 | €40,303 | €111,367 | +€71,064 | +176.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,882 | €2,648 | +€766 | +40.7% |
| Other operating charges | 640/8 | €767 | €400 | -€367 | -47.9% |
| Gross operating margin | 9900 | €38,885 | €184,386 | +€145,501 | +374.2% |
| Operating profit (loss) | 9901 | -€4,067 | €69,971 | +€74,038 | |
| Financial income | 75/76B | €5,660 | €16,482 | +€10,822 | +191.2% |
| Recurring financial income | 75 | €5,660 | €16,482 | +€10,822 | +191.2% |
| Financial charges | 65/66B | €93 | €117 | +€24 | +26.2% |
| Recurring financial charges | 65 | €93 | €117 | +€24 | +26.2% |
| Profit (loss) for the period before taxes | 9903 | €1,500 | €86,336 | +€84,835 | +5654.0% |
| Income taxes | 67/77 | €475 | €24,588 | +€24,113 | +5078.3% |
| Profit (loss) for the period | 9904 | €1,026 | €61,748 | +€60,722 | +5920.6% |
| Profit (loss) for the period to be appropriated | 9905 | €1,026 | €61,748 | +€60,722 | +5920.6% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 9 October 2026 via checked.be.