SOLEO: 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.
SOLEO
Largest movements
- Receivables within one year +€31,277
up €31,277 (+1042.6%), from €3,000 to €34,277
of which Other amounts receivable: +€31,277
- Tangible fixed assets -€9,456
down €9,456 (-4.1%), from €227,901 to €218,445
- Other debts +€29,383
up €29,383 (+10.4%), from €283,809 to €313,192
- Profit (loss) carried forward -€7,767
down €7,767 (-2.9%), from -€271,449 to -€279,216
- Gross operating margin -€3,906
down €3,906 (-25.9%), from €15,061 to €11,155
- Depreciation -€3,039
down €3,039 (-18.5%), from €16,434 to €13,395
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 | €231,966 | €253,633 | +€21,666 | +9.3% |
| Fixed assets | 21/28 | €227,901 | €218,445 | -€9,456 | -4.1% |
| Tangible fixed assets | 22/27 | €227,901 | €218,445 | -€9,456 | -4.1% |
| Land and buildings | 22 | €227,901 | €218,445 | -€9,456 | -4.1% |
| Current assets | 29/58 | €4,065 | €35,188 | +€31,123 | +765.6% |
| Amounts receivable within one year | 40/41 | €3,000 | €34,277 | +€31,277 | +1042.6% |
| Trade receivables | 40 | €3,000 | €3,000 | = | 0.0% |
| Other amounts receivable | 41 | - | €31,277 | +€31,277 | |
| Cash at bank and in hand | 54/58 | €592 | €551 | -€40 | -6.8% |
| Deferred charges and accrued income | 490/1 | €473 | €359 | -€114 | -24.2% |
| Total equity and liabilities | 10/49 | €231,966 | €253,633 | +€21,666 | +9.3% |
| Equity | 10/15 | -€53,296 | -€61,063 | -€7,767 | -14.6% |
| Contributions | 10/11 | €218,153 | €218,153 | = | 0.0% |
| Capital | 10 | €218,153 | €218,153 | = | 0.0% |
| Issued capital | 100 | €218,153 | €218,153 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€271,449 | -€279,216 | -€7,767 | -2.9% |
| Amounts payable | 17/49 | €285,262 | €314,696 | +€29,434 | +10.3% |
| Amounts payable within one year | 42/48 | €284,917 | €314,351 | +€29,434 | +10.3% |
| Trade debts | 44 | €1,108 | €1,159 | +€50 | +4.6% |
| Suppliers | 440/4 | €1,108 | €1,159 | +€50 | +4.6% |
| Other amounts payable | 47/48 | €283,809 | €313,192 | +€29,383 | +10.4% |
| Accrued charges and deferred income | 492/3 | €345 | €345 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,434 | €13,395 | -€3,039 | -18.5% |
| Other operating charges | 640/8 | €5,286 | €5,167 | -€119 | -2.2% |
| Gross operating margin | 9900 | €15,061 | €11,155 | -€3,906 | -25.9% |
| Operating profit (loss) | 9901 | -€6,659 | -€7,408 | -€749 | -11.2% |
| Financial charges | 65/66B | €344 | €360 | +€16 | +4.6% |
| Recurring financial charges | 65 | €344 | €360 | +€16 | +4.6% |
| Profit (loss) for the period before taxes | 9903 | -€7,003 | -€7,767 | -€765 | -10.9% |
| Profit (loss) for the period | 9904 | -€7,003 | -€7,767 | -€765 | -10.9% |
| Profit (loss) for the period to be appropriated | 9905 | -€7,003 | -€7,767 | -€765 | -10.9% |
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 9 October 2026 via checked.be.