SOLFIRMUS: 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.
SOLFIRMUS
Largest movements
- Cash -€111,352
down €111,352 (-95.4%), from €116,761 to €5,409
mainly Current investments (-€100,684) and Other debts (-€38,951)
- Current investments +€100,684
up €100,684 (+90.7%), from €110,997 to €211,681
- Receivables within one year +€25,928
up €25,928 (+155.7%), from €16,656 to €42,584
of which Trade receivables: +€25,230
- Tangible fixed assets -€23,515
down €23,515 (-17.4%), from €135,298 to €111,783
of which Furniture and vehicles: -€20,949
- Other debts -€38,951
down €38,951 (-24.4%), from €159,311 to €120,361
- Profit (loss) carried forward +€30,953
up €30,953 (+43.5%), from -€71,203 to -€40,251
- Gross operating margin -€122,118
down €122,118 (-62.8%), from €194,529 to €72,411
- Taxes -€42,237
down €42,237 (-81.5%), from €51,820 to €9,583
- Depreciation +€6,330
up €6,330 (+36.8%), from €17,185 to €23,515
- Financial charges +€3,739
up €3,739 (+96.9%), from €3,859 to €7,598
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 | €382,069 | €375,209 | -€6,861 | -1.8% |
| Fixed assets | 21/28 | €135,298 | €111,783 | -€23,515 | -17.4% |
| Tangible fixed assets | 22/27 | €135,298 | €111,783 | -€23,515 | -17.4% |
| Land and buildings | 22 | €35,188 | €34,530 | -€658 | -1.9% |
| Furniture and vehicles | 24 | €89,030 | €68,081 | -€20,949 | -23.5% |
| Other tangible fixed assets | 26 | €11,080 | €9,172 | -€1,908 | -17.2% |
| Current assets | 29/58 | €246,771 | €263,425 | +€16,654 | +6.7% |
| Amounts receivable within one year | 40/41 | €16,656 | €42,584 | +€25,928 | +155.7% |
| Trade receivables | 40 | €16,643 | €41,873 | +€25,230 | +151.6% |
| Other amounts receivable | 41 | €13 | €711 | +€698 | +5371.8% |
| Current investments | 50/53 | €110,997 | €211,681 | +€100,684 | +90.7% |
| Cash at bank and in hand | 54/58 | €116,761 | €5,409 | -€111,352 | -95.4% |
| Deferred charges and accrued income | 490/1 | €2,358 | €3,752 | +€1,394 | +59.1% |
| Total equity and liabilities | 10/49 | €382,069 | €375,209 | -€6,861 | -1.8% |
| Equity | 10/15 | €199,531 | €230,483 | +€30,953 | +15.5% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €252,134 | €252,134 | = | 0.0% |
| Distributable reserves | 133 | €252,134 | €252,134 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€71,203 | -€40,251 | +€30,953 | +43.5% |
| Amounts payable | 17/49 | €182,539 | €144,725 | -€37,813 | -20.7% |
| Amounts payable within one year | 42/48 | €178,772 | €137,229 | -€41,543 | -23.2% |
| Financial debts | 43 | €3 | €360 | +€357 | +11955.2% |
| Credit institutions | 430/8 | €3 | €360 | +€357 | +11955.2% |
| Trade debts | 44 | €5,491 | €4,569 | -€923 | -16.8% |
| Suppliers | 440/4 | €5,491 | €4,569 | -€923 | -16.8% |
| Taxes, remuneration and social security | 45 | €13,966 | €11,939 | -€2,027 | -14.5% |
| Taxes | 450/3 | €13,966 | €11,939 | -€2,027 | -14.5% |
| Other amounts payable | 47/48 | €159,311 | €120,361 | -€38,951 | -24.4% |
| Accrued charges and deferred income | 492/3 | €3,767 | €7,497 | +€3,730 | +99.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,185 | €23,515 | +€6,330 | +36.8% |
| Other operating charges | 640/8 | €1,758 | €1,745 | -€13 | -0.8% |
| Gross operating margin | 9900 | €194,529 | €72,411 | -€122,118 | -62.8% |
| Operating profit (loss) | 9901 | €175,586 | €47,152 | -€128,434 | -73.1% |
| Financial income | 75/76B | €667 | €981 | +€315 | +47.2% |
| Recurring financial income | 75 | €667 | €981 | +€315 | +47.2% |
| Financial charges | 65/66B | €3,859 | €7,598 | +€3,739 | +96.9% |
| Recurring financial charges | 65 | €3,859 | €7,598 | +€3,739 | +96.9% |
| Profit (loss) for the period before taxes | 9903 | €172,394 | €40,535 | -€131,858 | -76.5% |
| Income taxes | 67/77 | €51,820 | €9,583 | -€42,237 | -81.5% |
| Profit (loss) for the period | 9904 | €120,574 | €30,953 | -€89,621 | -74.3% |
| Profit (loss) for the period to be appropriated | 9905 | €120,574 | €30,953 | -€89,621 | -74.3% |
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 8 October 2026 via checked.be.