SOLHEID CHAUSSURES: 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.
SOLHEID CHAUSSURES
Largest movements
- Cash -€19,854
down €19,854 (-19.9%), from €99,820 to €79,966
mainly Investment in fixed assets (net) (-€13,649) and Tax, wage and social debts (-€5,135)
- Tangible fixed assets +€13,615
new in 2025: €13,615
- Receivables within one year -€2,444
down €2,444 (-32.4%), from €7,546 to €5,102
of which Trade receivables: -€1,231
- Tax, wage and social debts -€5,135
down €5,135 (-29.3%), from €17,502 to €12,367
of which Taxes: -€2,685
- Other debts -€2,866
down €2,866 (-2.2%), from €128,910 to €126,044
- Staff costs -€25,983
down €25,983 (-49.9%), from €52,099 to €26,115
- Gross operating margin -€11,664
down €11,664 (-33.1%), from €35,266 to €23,602
- Taxes -€1,835
down €1,835 (-86.5%), from €2,121 to €286
- Financial income -€1,732
down €1,732 (-20.6%), from €8,392 to €6,660
- Financial charges -€635
down €635 (-12.9%), from €4,912 to €4,277
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 | €227,994 | €219,993 | -€8,001 | -3.5% |
| Fixed assets | 21/28 | €2,808 | €16,423 | +€13,615 | +485% |
| Tangible fixed assets | 22/27 | - | €13,615 | +€13,615 | |
| Other tangible fixed assets | 26 | - | €13,615 | +€13,615 | |
| Financial fixed assets | 28 | €2,808 | €2,808 | = | 0.0% |
| Current assets | 29/58 | €225,186 | €203,571 | -€21,616 | -9.6% |
| Stocks and contracts in progress | 3 | €115,308 | €115,573 | +€265 | +0.2% |
| Stocks | 30/36 | €115,308 | €115,573 | +€265 | +0.2% |
| Amounts receivable within one year | 40/41 | €7,546 | €5,102 | -€2,444 | -32.4% |
| Trade receivables | 40 | €1,354 | €123 | -€1,231 | -90.9% |
| Other amounts receivable | 41 | €6,191 | €4,979 | -€1,212 | -19.6% |
| Cash at bank and in hand | 54/58 | €99,820 | €79,966 | -€19,854 | -19.9% |
| Deferred charges and accrued income | 490/1 | €2,513 | €2,930 | +€417 | +16.6% |
| Total equity and liabilities | 10/49 | €227,994 | €219,993 | -€8,001 | -3.5% |
| Equity | 10/15 | €75,489 | €73,443 | -€2,046 | -2.7% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €72,684 | €72,684 | = | 0.0% |
| Tax-exempt reserves | 132 | €16,606 | €16,606 | = | 0.0% |
| Distributable reserves | 133 | €56,077 | €56,077 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€17,195 | -€19,241 | -€2,046 | -11.9% |
| Amounts payable | 17/49 | €152,505 | €146,551 | -€5,955 | -3.9% |
| Amounts payable within one year | 42/48 | €152,505 | €146,551 | -€5,955 | -3.9% |
| Trade debts | 44 | €6,093 | €8,140 | +€2,047 | +33.6% |
| Suppliers | 440/4 | €6,093 | €8,140 | +€2,047 | +33.6% |
| Taxes, remuneration and social security | 45 | €17,502 | €12,367 | -€5,135 | -29.3% |
| Taxes | 450/3 | €11,201 | €8,516 | -€2,685 | -24.0% |
| Remuneration and social security | 454/9 | €6,301 | €3,851 | -€2,450 | -38.9% |
| Other amounts payable | 47/48 | €128,910 | €126,044 | -€2,866 | -2.2% |
| Remuneration, social security and pensions | 62 | €52,099 | €26,115 | -€25,983 | -49.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €34 | +€34 | |
| Other operating charges | 640/8 | €1,004 | €878 | -€125 | -12.5% |
| Gross operating margin | 9900 | €35,266 | €23,602 | -€11,664 | -33.1% |
| Operating profit (loss) | 9901 | -€17,836 | -€3,425 | +€14,411 | +80.8% |
| Financial income | 75/76B | €8,392 | €6,660 | -€1,732 | -20.6% |
| Recurring financial income | 75 | €8,392 | €6,660 | -€1,732 | -20.6% |
| Financial charges | 65/66B | €4,912 | €4,277 | -€635 | -12.9% |
| Recurring financial charges | 65 | €4,912 | €4,277 | -€635 | -12.9% |
| Profit (loss) for the period before taxes | 9903 | -€14,357 | -€1,043 | +€13,314 | +92.7% |
| Income taxes | 67/77 | €2,121 | €286 | -€1,835 | -86.5% |
| Profit (loss) for the period | 9904 | -€16,477 | -€1,328 | +€15,149 | +91.9% |
| Profit (loss) for the period to be appropriated | 9905 | -€16,477 | -€1,328 | +€15,149 | +91.9% |
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 29 October 2026 via checked.be.