SOLENCO: what changed
SOLENCO
Largest movements
- Financial fixed assets +€522,664
up €522,664 (+35.8%), from €1.5m to €2.0m
- Cash -€449,936
down €449,936 (-56.7%), from €793,923 to €343,987
mainly Investment in fixed assets (net) (-€522,664) and Current investments (-€116,277)
- Current investments +€116,277
up €116,277 (+31.9%), from €364,616 to €480,894
- Reserves +€274,174
up €274,174 (+10.9%), from €2.5m to €2.8m
- Other debts -€90,852
down €90,852 (-58.5%), from €155,416 to €64,564
- Tax, wage and social debts +€32,000
new in 2025: €32,000
- Financial income +€376,304
up €376,304 (+1,150%), from €32,716 to €409,020
- Taxes +€29,209
up €29,209 (+1,035%), from €2,821 to €32,031
- Financial charges +€28,698
up €28,698 (+966%), from €2,970 to €31,668
- Gross operating margin -€5,810
down €5,810 (-32.8%), from -€17,735 to -€23,546
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,679,898 | €2,895,220 | +€215,322 | +8.0% |
| Fixed assets | 21/28 | €1,494,798 | €2,017,462 | +€522,664 | +35.0% |
| Tangible fixed assets | 22/27 | €33,000 | €33,000 | = | 0.0% |
| Furniture and vehicles | 24 | €33,000 | €33,000 | = | 0.0% |
| Financial fixed assets | 28 | €1,461,798 | €1,984,462 | +€522,664 | +35.8% |
| Current assets | 29/58 | €1,185,100 | €877,758 | -€307,342 | -25.9% |
| Amounts receivable within one year | 40/41 | €26,560 | €52,877 | +€26,317 | +99.1% |
| Other amounts receivable | 41 | €26,560 | €52,877 | +€26,317 | +99.1% |
| Current investments | 50/53 | €364,616 | €480,894 | +€116,277 | +31.9% |
| Cash at bank and in hand | 54/58 | €793,923 | €343,987 | -€449,936 | -56.7% |
| Deferred charges and accrued income | 490/1 | €0 | - | = | |
| Total equity and liabilities | 10/49 | €2,679,898 | €2,895,220 | +€215,322 | +8.0% |
| Equity | 10/15 | €2,524,482 | €2,798,656 | +€274,174 | +10.9% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €2,512,082 | €2,786,256 | +€274,174 | +10.9% |
| Distributable reserves | 133 | €2,512,082 | €2,786,256 | +€274,174 | +10.9% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €155,416 | €96,564 | -€58,852 | -37.9% |
| Amounts payable within one year | 42/48 | €155,416 | €96,564 | -€58,852 | -37.9% |
| Taxes, remuneration and social security | 45 | - | €32,000 | +€32,000 | |
| Taxes | 450/3 | - | €32,000 | +€32,000 | |
| Other amounts payable | 47/48 | €155,416 | €64,564 | -€90,852 | -58.5% |
| Other operating charges | 640/8 | €1,094 | €998 | -€95 | -8.7% |
| Gross operating margin | 9900 | -€17,735 | -€23,546 | -€5,810 | -32.8% |
| Operating profit (loss) | 9901 | -€18,829 | -€24,544 | -€5,715 | -30.4% |
| Financial income | 75/76B | €32,716 | €409,020 | +€376,304 | +1,150% |
| Recurring financial income | 75 | €32,716 | €409,020 | +€376,304 | +1,150% |
| Financial charges | 65/66B | €2,970 | €31,668 | +€28,698 | +966% |
| Recurring financial charges | 65 | €2,970 | €31,668 | +€28,698 | +966% |
| Profit (loss) for the period before taxes | 9903 | €10,917 | €352,808 | +€341,891 | +3,132% |
| Income taxes | 67/77 | €2,821 | €32,031 | +€29,209 | +1,035% |
| Profit (loss) for the period | 9904 | €8,096 | €320,777 | +€312,681 | +3,862% |
| Profit (loss) for the period to be appropriated | 9905 | €8,096 | €320,777 | +€312,681 | +3,862% |
Next steps
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 5 November 2026 via checked.be.