SOLI-TER: 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.
SOLI-TER
Largest movements
- Receivables within one year +€118,571
up €118,571 (+179%), from €66,226 to €184,797
of which Trade receivables: +€115,687
- Tangible fixed assets +€41,338
up €41,338 (+226%), from €18,254 to €59,592
of which Other tangible fixed assets: +€33,338
- Cash -€7,479
down €7,479 (-54.8%), from €13,636 to €6,157
mainly Receivables within one year (-€118,571) and Investment in fixed assets (net) (-€52,153)
- Stocks and contracts +€4,427
up €4,427 (+12.0%), from €36,924 to €41,351
- Trade debts +€135,215
up €135,215 (+212%), from €63,743 to €198,958
- Short-term financial debts +€12,638
new in 2025: €12,638
- Tax, wage and social debts +€12,602
up €12,602 (+77.2%), from €16,318 to €28,920
of which Remuneration and social security: +€12,436
- Staff costs +€153,930
up €153,930 (+542%), from €28,420 to €182,350
- Gross operating margin +€92,954
up €92,954 (+89.7%), from €103,680 to €196,634
- Taxes -€12,230
down €12,230 (-98.7%), from €12,395 to €165
- Other operating charges +€2,275
up €2,275 (+88.7%), from €2,563 to €4,838
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 | €135,040 | €294,375 | +€159,334 | +118% |
| Fixed assets | 21/28 | €18,254 | €59,592 | +€41,338 | +226% |
| Tangible fixed assets | 22/27 | €18,254 | €59,592 | +€41,338 | +226% |
| Plant, machinery and equipment | 23 | €18,254 | €23,823 | +€5,569 | +30.5% |
| Furniture and vehicles | 24 | - | €2,430 | +€2,430 | |
| Other tangible fixed assets | 26 | - | €33,338 | +€33,338 | |
| Current assets | 29/58 | €116,786 | €234,782 | +€117,996 | +101% |
| Stocks and contracts in progress | 3 | €36,924 | €41,351 | +€4,427 | +12.0% |
| Stocks | 30/36 | €36,924 | €41,351 | +€4,427 | +12.0% |
| Amounts receivable within one year | 40/41 | €66,226 | €184,797 | +€118,571 | +179% |
| Trade receivables | 40 | €65,257 | €180,944 | +€115,687 | +177% |
| Other amounts receivable | 41 | €969 | €3,853 | +€2,884 | +298% |
| Cash at bank and in hand | 54/58 | €13,636 | €6,157 | -€7,479 | -54.8% |
| Deferred charges and accrued income | 490/1 | - | €2,477 | +€2,477 | |
| Total equity and liabilities | 10/49 | €135,040 | €294,375 | +€159,334 | +118% |
| Equity | 10/15 | €54,979 | €52,756 | -€2,224 | -4.0% |
| Contributions | 10/11 | €5,400 | €5,400 | = | 0.0% |
| Profit (loss) carried forward | 14 | €49,579 | €47,356 | -€2,224 | -4.5% |
| Amounts payable | 17/49 | €80,061 | €241,619 | +€161,558 | +202% |
| Amounts payable within one year | 42/48 | €80,061 | €241,619 | +€161,558 | +202% |
| Financial debts | 43 | - | €12,638 | +€12,638 | |
| Credit institutions | 430/8 | - | €12,638 | +€12,638 | |
| Trade debts | 44 | €63,743 | €198,958 | +€135,215 | +212% |
| Suppliers | 440/4 | €63,743 | €198,958 | +€135,215 | +212% |
| Taxes, remuneration and social security | 45 | €16,318 | €28,920 | +€12,602 | +77.2% |
| Taxes | 450/3 | €12,395 | €12,560 | +€166 | +1.3% |
| Remuneration and social security | 454/9 | €3,923 | €16,359 | +€12,436 | +317% |
| Other amounts payable | 47/48 | - | €1,103 | +€1,103 | |
| Remuneration, social security and pensions | 62 | €28,420 | €182,350 | +€153,930 | +542% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,624 | €10,815 | +€192 | +1.8% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €53 | +€53 | |
| Other operating charges | 640/8 | €2,563 | €4,838 | +€2,275 | +88.7% |
| Gross operating margin | 9900 | €103,680 | €196,634 | +€92,954 | +89.7% |
| Operating profit (loss) | 9901 | €62,073 | -€1,421 | -€63,494 | |
| Financial income | 75/76B | €0 | €38 | +€38 | +126,400% |
| Recurring financial income | 75 | €0 | €3 | +€3 | +10,900% |
| Non-recurring financial income | 76B | - | €35 | +€35 | |
| Financial charges | 65/66B | €99 | €675 | +€577 | +584% |
| Recurring financial charges | 65 | €99 | €675 | +€577 | +584% |
| Profit (loss) for the period before taxes | 9903 | €61,974 | -€2,059 | -€64,033 | |
| Income taxes | 67/77 | €12,395 | €165 | -€12,230 | -98.7% |
| Profit (loss) for the period | 9904 | €49,579 | -€2,224 | -€51,803 | |
| Profit (loss) for the period to be appropriated | 9905 | €49,579 | -€2,224 | -€51,803 |
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 14 October 2026 via checked.be.