Solhyd: 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.
Solhyd
Largest movements
- Intangible fixed assets +€436,910
up €436,910 (+23.5%), from €1.9m to €2.3m
- Cash +€218,718
up €218,718 (+89.9%), from €243,245 to €461,964
mainly Contributions, distributions and other (+€1.5m) and Depreciation (+€263,293)
- Stocks and contracts +€155,144
new in 2025: €155,144
- Tangible fixed assets +€90,392
up €90,392 (+30.2%), from €298,838 to €389,230
of which Other tangible fixed assets: +€81,166
- Receivables within one year -€70,707
down €70,707 (-50.8%), from €139,125 to €68,418
of which Trade receivables: -€56,024
- Contributions +€1.5m
up €1.5m (+47.5%), from €3.2m to €4.7m
- Profit (loss) carried forward -€515,486
down €515,486 (-68.9%), from -€747,789 to -€1.3m
- Trade debts -€150,808
down €150,808 (-51.7%), from €291,811 to €141,003
- Gross operating margin +€484,242
up €484,242, from -€201,001 to €283,242
- Staff costs +€127,907
up €127,907 (+30.9%), from €413,652 to €541,559
- Depreciation +€115,546
up €115,546 (+78.2%), from €147,747 to €263,293
- Financial income -€6,616
down €6,616 (-42.4%), from €15,590 to €8,974
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 | €2,747,237 | €3,614,675 | +€867,438 | +31.6% |
| Fixed assets | 21/28 | €2,154,275 | €2,704,077 | +€549,802 | +25.5% |
| Intangible fixed assets | 21 | €1,855,437 | €2,292,347 | +€436,910 | +23.5% |
| Tangible fixed assets | 22/27 | €298,838 | €389,230 | +€90,392 | +30.2% |
| Plant, machinery and equipment | 23 | €237,282 | €247,328 | +€10,046 | +4.2% |
| Furniture and vehicles | 24 | €3,549 | €2,729 | -€820 | -23.1% |
| Other tangible fixed assets | 26 | €58,007 | €139,172 | +€81,166 | +139.9% |
| Financial fixed assets | 28 | - | €22,500 | +€22,500 | |
| Current assets | 29/58 | €592,962 | €910,598 | +€317,636 | +53.6% |
| Stocks and contracts in progress | 3 | - | €155,144 | +€155,144 | |
| Stocks | 30/36 | - | €155,144 | +€155,144 | |
| Amounts receivable within one year | 40/41 | €139,125 | €68,418 | -€70,707 | -50.8% |
| Trade receivables | 40 | €57,002 | €978 | -€56,024 | -98.3% |
| Other amounts receivable | 41 | €82,124 | €67,440 | -€14,684 | -17.9% |
| Current investments | 50/53 | €200,000 | €200,000 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €243,245 | €461,964 | +€218,718 | +89.9% |
| Deferred charges and accrued income | 490/1 | €10,591 | €25,072 | +€14,481 | +136.7% |
| Total equity and liabilities | 10/49 | €2,747,237 | €3,614,675 | +€867,438 | +31.6% |
| Equity | 10/15 | €2,408,249 | €3,392,763 | +€984,514 | +40.9% |
| Contributions | 10/11 | €3,156,038 | €4,656,038 | +€1.5m | +47.5% |
| Profit (loss) carried forward | 14 | -€747,789 | -€1,263,275 | -€515,486 | -68.9% |
| Amounts payable | 17/49 | €338,988 | €221,912 | -€117,076 | -34.5% |
| Amounts payable within one year | 42/48 | €338,900 | €221,822 | -€117,078 | -34.5% |
| Trade debts | 44 | €291,811 | €141,003 | -€150,808 | -51.7% |
| Suppliers | 440/4 | €291,811 | €141,003 | -€150,808 | -51.7% |
| Advances received on contracts in progress | 46 | - | €9,870 | +€9,870 | |
| Taxes, remuneration and social security | 45 | €47,089 | €70,950 | +€23,861 | +50.7% |
| Taxes | 450/3 | - | €10 | +€10 | |
| Remuneration and social security | 454/9 | €47,089 | €70,940 | +€23,851 | +50.7% |
| Accrued charges and deferred income | 492/3 | €88 | €89 | +€2 | +1.9% |
| Remuneration, social security and pensions | 62 | €413,652 | €541,559 | +€127,907 | +30.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €147,747 | €263,293 | +€115,546 | +78.2% |
| Other operating charges | 640/8 | - | €400 | +€400 | |
| Gross operating margin | 9900 | -€201,001 | €283,242 | +€484,242 | |
| Operating profit (loss) | 9901 | -€762,400 | -€522,011 | +€240,390 | +31.5% |
| Financial income | 75/76B | €15,590 | €8,974 | -€6,616 | -42.4% |
| Recurring financial income | 75 | €15,590 | €8,974 | -€6,616 | -42.4% |
| Financial charges | 65/66B | €978 | €2,449 | +€1,471 | +150.3% |
| Recurring financial charges | 65 | €978 | €2,449 | +€1,471 | +150.3% |
| Profit (loss) for the period before taxes | 9903 | -€747,789 | -€515,486 | +€232,303 | +31.1% |
| Profit (loss) for the period | 9904 | -€747,789 | -€515,486 | +€232,303 | +31.1% |
| Profit (loss) for the period to be appropriated | 9905 | -€747,789 | -€515,486 | +€232,303 | +31.1% |
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 29 September 2026 via checked.be.