SOLFUNDING: 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.
SOLFUNDING
Largest movements
- Current investments -€79,000
no longer reported in 2025 (was €79,000)
- Cash +€76,716
up €76,716 (+103%), from €74,317 to €151,033
mainly Current investments (+€79,000) and Depreciation (+€37,535)
- Tangible fixed assets -€37,535
down €37,535 (-20.1%), from €186,658 to €149,123
- Debts after one year -€40,943
down €40,943 (-18.8%), from €218,279 to €177,336
- Reserves -€19,000
down €19,000 (-65.3%), from €29,079 to €10,079
of which Distributable reserves: -€19,000
- Other debts +€19,000
new in 2025: €19,000
- Trade debts -€11,588
no longer reported in 2025 (was €11,588)
- Profit (loss) carried forward +€8,686
up €8,686, from -€6,343 to €2,343
- Gross operating margin +€14,457
up €14,457 (+29.6%), from €48,923 to €63,380
- Financial charges -€2,141
down €2,141 (-11.7%), from €18,332 to €16,192
- Financial income -€914
down €914 (-63.5%), from €1,440 to €526
- Taxes +€878
new in 2025: €878
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.
Derived cash bridge
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 | €364,467 | €321,054 | -€43,413 | -11.9% |
| Fixed assets | 21/28 | €186,658 | €149,123 | -€37,535 | -20.1% |
| Tangible fixed assets | 22/27 | €186,658 | €149,123 | -€37,535 | -20.1% |
| Leasing and similar rights | 25 | €186,658 | €149,123 | -€37,535 | -20.1% |
| Current assets | 29/58 | €177,809 | €171,930 | -€5,878 | -3.3% |
| Amounts receivable within one year | 40/41 | €22,098 | €18,832 | -€3,266 | -14.8% |
| Trade receivables | 40 | €20,964 | €17,279 | -€3,684 | -17.6% |
| Other amounts receivable | 41 | €1,134 | €1,553 | +€419 | +36.9% |
| Current investments | 50/53 | €79,000 | - | -€79,000 | |
| Cash at bank and in hand | 54/58 | €74,317 | €151,033 | +€76,716 | +103% |
| Deferred charges and accrued income | 490/1 | €2,394 | €2,065 | -€329 | -13.7% |
| Total equity and liabilities | 10/49 | €364,467 | €321,054 | -€43,413 | -11.9% |
| Equity | 10/15 | €91,243 | €80,929 | -€10,314 | -11.3% |
| Contributions | 10/11 | €68,507 | €68,507 | = | 0.0% |
| Capital | 10 | €68,507 | €68,507 | = | 0.0% |
| Issued capital | 100 | €68,507 | €68,507 | = | 0.0% |
| Reserves | 13 | €29,079 | €10,079 | -€19,000 | -65.3% |
| Non-distributable reserves | 130/1 | €6,851 | €6,851 | = | 0.0% |
| Legal reserve | 130 | €6,851 | €6,851 | = | 0.0% |
| Distributable reserves | 133 | €22,228 | €3,228 | -€19,000 | -85.5% |
| Profit (loss) carried forward | 14 | -€6,343 | €2,343 | +€8,686 | |
| Amounts payable | 17/49 | €273,224 | €240,125 | -€33,099 | -12.1% |
| Amounts payable after more than one year | 17 | €218,279 | €177,336 | -€40,943 | -18.8% |
| Financial debts | 170/4 | €218,279 | €177,336 | -€40,943 | -18.8% |
| Amounts payable within one year | 42/48 | €52,675 | €62,310 | +€9,634 | +18.3% |
| Current portion of amounts payable after more than one year | 42 | €38,698 | €40,943 | +€2,245 | +5.8% |
| Trade debts | 44 | €11,588 | - | -€11,588 | |
| Suppliers | 440/4 | €11,588 | - | -€11,588 | |
| Taxes, remuneration and social security | 45 | €2,390 | €2,366 | -€23 | -1.0% |
| Taxes | 450/3 | €2,390 | €2,366 | -€23 | -1.0% |
| Other amounts payable | 47/48 | - | €19,000 | +€19,000 | |
| Accrued charges and deferred income | 492/3 | €2,270 | €479 | -€1,790 | -78.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €37,535 | €37,535 | -€0 | 0.0% |
| Other operating charges | 640/8 | €838 | €615 | -€223 | -26.6% |
| Gross operating margin | 9900 | €48,923 | €63,380 | +€14,457 | +29.6% |
| Operating profit (loss) | 9901 | €10,549 | €25,229 | +€14,680 | +139% |
| Financial income | 75/76B | €1,440 | €526 | -€914 | -63.5% |
| Recurring financial income | 75 | €1,440 | €526 | -€914 | -63.5% |
| Financial charges | 65/66B | €18,332 | €16,192 | -€2,141 | -11.7% |
| Recurring financial charges | 65 | €18,332 | €16,192 | -€2,141 | -11.7% |
| Profit (loss) for the period before taxes | 9903 | -€6,343 | €9,564 | +€15,907 | |
| Income taxes | 67/77 | - | €878 | +€878 | |
| Profit (loss) for the period | 9904 | -€6,343 | €8,686 | +€15,029 | |
| Profit (loss) for the period to be appropriated | 9905 | -€6,343 | €8,686 | +€15,029 |
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 26 October 2026 via checked.be.