SOLIBEX: 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.
SOLIBEX
Largest movements
- Cash +€94,614
up €94,614 (+153.0%), from €61,832 to €156,446
mainly Net result for the year (+€44,154) and Depreciation (+€24,837)
- Tangible fixed assets -€25,181
down €25,181 (-15.1%), from €166,723 to €141,542
of which Land and buildings: -€17,091
- Receivables within one year -€23,268
down €23,268 (-31.5%), from €73,964 to €50,696
of which Other amounts receivable: -€40,611
- Profit (loss) carried forward +€44,154
up €44,154 (+30.6%), from -€144,358 to -€100,204
- Gross operating margin +€30,629
up €30,629 (+62.0%), from €49,374 to €80,003
- Depreciation -€3,660
down €3,660 (-12.8%), from €28,497 to €24,837
- Financial income -€884
down €884 (-16.7%), from €5,282 to €4,398
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 | €399,807 | €445,972 | +€46,165 | +11.5% |
| Fixed assets | 21/28 | €166,723 | €141,542 | -€25,181 | -15.1% |
| Tangible fixed assets | 22/27 | €166,723 | €141,542 | -€25,181 | -15.1% |
| Land and buildings | 22 | €136,895 | €119,804 | -€17,091 | -12.5% |
| Plant, machinery and equipment | 23 | €25,137 | €20,478 | -€4,659 | -18.5% |
| Furniture and vehicles | 24 | €4,691 | €1,260 | -€3,431 | -73.1% |
| Current assets | 29/58 | €233,084 | €304,430 | +€71,346 | +30.6% |
| Stocks and contracts in progress | 3 | €96,034 | €96,034 | = | 0.0% |
| Stocks | 30/36 | €96,034 | €96,034 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €73,964 | €50,696 | -€23,268 | -31.5% |
| Trade receivables | 40 | €3,182 | €20,525 | +€17,343 | +545.0% |
| Other amounts receivable | 41 | €70,782 | €30,171 | -€40,611 | -57.4% |
| Cash at bank and in hand | 54/58 | €61,832 | €156,446 | +€94,614 | +153.0% |
| Deferred charges and accrued income | 490/1 | €1,254 | €1,254 | = | 0.0% |
| Total equity and liabilities | 10/49 | €399,807 | €445,972 | +€46,165 | +11.5% |
| Equity | 10/15 | €208,023 | €252,177 | +€44,154 | +21.2% |
| Contributions | 10/11 | €347,051 | €347,051 | = | 0.0% |
| Capital | 10 | €347,051 | €347,051 | = | 0.0% |
| Issued capital | 100 | €347,051 | €347,051 | = | 0.0% |
| Reserves | 13 | €5,330 | €5,330 | = | 0.0% |
| Non-distributable reserves | 130/1 | €5,330 | €5,330 | = | 0.0% |
| Legal reserve | 130 | €5,330 | €5,330 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€144,358 | -€100,204 | +€44,154 | +30.6% |
| Amounts payable | 17/49 | €191,784 | €193,795 | +€2,011 | +1.0% |
| Amounts payable after more than one year | 17 | €161,339 | €161,339 | = | 0.0% |
| Financial debts | 170/4 | €161,339 | €161,339 | = | 0.0% |
| Amounts payable within one year | 42/48 | €30,445 | €32,456 | +€2,011 | +6.6% |
| Trade debts | 44 | €780 | €433 | -€347 | -44.5% |
| Suppliers | 440/4 | €780 | €433 | -€347 | -44.5% |
| Taxes, remuneration and social security | 45 | €1,100 | €1,100 | = | 0.0% |
| Taxes | 450/3 | €1,100 | €1,100 | = | 0.0% |
| Other amounts payable | 47/48 | €28,565 | €30,923 | +€2,358 | +8.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €28,497 | €24,837 | -€3,660 | -12.8% |
| Other operating charges | 640/8 | €14,502 | €15,211 | +€709 | +4.9% |
| Gross operating margin | 9900 | €49,374 | €80,003 | +€30,629 | +62.0% |
| Operating profit (loss) | 9901 | €6,375 | €39,955 | +€33,580 | +526.7% |
| Financial income | 75/76B | €5,282 | €4,398 | -€884 | -16.7% |
| Recurring financial income | 75 | €5,282 | €4,398 | -€884 | -16.7% |
| Financial charges | 65/66B | €215 | €112 | -€103 | -47.9% |
| Recurring financial charges | 65 | €215 | €112 | -€103 | -47.9% |
| Profit (loss) for the period before taxes | 9903 | €11,442 | €44,241 | +€32,799 | +286.7% |
| Income taxes | 67/77 | €132 | €87 | -€45 | -34.1% |
| Profit (loss) for the period | 9904 | €11,310 | €44,154 | +€32,844 | +290.4% |
| Profit (loss) for the period to be appropriated | 9905 | €11,310 | €44,154 | +€32,844 | +290.4% |
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 11 October 2026 via checked.be.