SOLICO: 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.
SOLICO
Largest movements
- Tangible fixed assets -€235,864
down €235,864 (-15.9%), from €1.5m to €1.2m
of which Other tangible fixed assets: -€130,244
- Receivables within one year +€100,098
up €100,098 (+23.5%), from €425,456 to €525,554
of which Other amounts receivable: +€215,293
- Cash +€56,153
up €56,153 (+293%), from €19,143 to €75,295
mainly Depreciation (+€326,407) and Net result for the year (+€153,754)
- Trade debts -€182,254
down €182,254 (-62.9%), from €289,923 to €107,669
- Debts after one year -€155,556
down €155,556 (-25.3%), from €615,631 to €460,074
- Reserves +€130,354
up €130,354 (+27.0%), from €482,327 to €612,681
of which Distributable reserves: +€130,354
- Other debts +€90,323
up €90,323 (+92.6%), from €97,586 to €187,909
- Current portion of long-term debt -€64,161
down €64,161 (-29.4%), from €218,544 to €154,383
- Gross operating margin +€148,107
up €148,107 (+24.9%), from €595,055 to €743,162
- Taxes +€46,917
up €46,917 (+186%), from €25,219 to €72,136
- Depreciation +€29,397
up €29,397 (+9.9%), from €297,010 to €326,407
- Other operating charges +€18,273
up €18,273 (+205%), from €8,930 to €27,203
- Staff costs -€10,789
down €10,789 (-7.3%), from €148,773 to €137,985
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 | €1,942,398 | €1,858,141 | -€84,257 | -4.3% |
| Fixed assets | 21/28 | €1,492,262 | €1,252,321 | -€239,941 | -16.1% |
| Intangible fixed assets | 21 | €8,077 | €4,000 | -€4,077 | -50.5% |
| Tangible fixed assets | 22/27 | €1,480,953 | €1,245,089 | -€235,864 | -15.9% |
| Land and buildings | 22 | €723,829 | €691,635 | -€32,194 | -4.4% |
| Plant, machinery and equipment | 23 | €79,355 | €40,289 | -€39,066 | -49.2% |
| Furniture and vehicles | 24 | €141,475 | €107,115 | -€34,360 | -24.3% |
| Other tangible fixed assets | 26 | €536,294 | €406,050 | -€130,244 | -24.3% |
| Financial fixed assets | 28 | €3,232 | €3,232 | = | 0.0% |
| Current assets | 29/58 | €450,136 | €605,820 | +€155,684 | +34.6% |
| Amounts receivable within one year | 40/41 | €425,456 | €525,554 | +€100,098 | +23.5% |
| Trade receivables | 40 | €425,309 | €310,114 | -€115,195 | -27.1% |
| Other amounts receivable | 41 | €147 | €215,440 | +€215,293 | +146,011% |
| Cash at bank and in hand | 54/58 | €19,143 | €75,295 | +€56,153 | +293% |
| Deferred charges and accrued income | 490/1 | €5,537 | €4,970 | -€567 | -10.2% |
| Total equity and liabilities | 10/49 | €1,942,398 | €1,858,141 | -€84,257 | -4.3% |
| Equity | 10/15 | €523,724 | €654,078 | +€130,354 | +24.9% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €482,327 | €612,681 | +€130,354 | +27.0% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,859 | €1,859 | = | 0.0% |
| Tax-exempt reserves | 132 | €20,522 | €20,522 | = | 0.0% |
| Distributable reserves | 133 | €459,946 | €590,300 | +€130,354 | +28.3% |
| Profit (loss) carried forward | 14 | €22,805 | €22,805 | = | 0.0% |
| Amounts payable | 17/49 | €1,418,674 | €1,204,063 | -€214,611 | -15.1% |
| Amounts payable after more than one year | 17 | €615,631 | €460,074 | -€155,556 | -25.3% |
| Financial debts | 170/4 | €615,631 | €460,074 | -€155,556 | -25.3% |
| Amounts payable within one year | 42/48 | €802,043 | €742,429 | -€59,614 | -7.4% |
| Current portion of amounts payable after more than one year | 42 | €218,544 | €154,383 | -€64,161 | -29.4% |
| Financial debts | 43 | €125,000 | €175,000 | +€50,000 | +40.0% |
| Credit institutions | 430/8 | €125,000 | €175,000 | +€50,000 | +40.0% |
| Trade debts | 44 | €289,923 | €107,669 | -€182,254 | -62.9% |
| Suppliers | 440/4 | €289,923 | €107,669 | -€182,254 | -62.9% |
| Advances received on contracts in progress | 46 | €0 | - | = | |
| Taxes, remuneration and social security | 45 | €70,989 | €117,468 | +€46,478 | +65.5% |
| Taxes | 450/3 | €55,257 | €107,066 | +€51,809 | +93.8% |
| Remuneration and social security | 454/9 | €15,732 | €10,401 | -€5,331 | -33.9% |
| Other amounts payable | 47/48 | €97,586 | €187,909 | +€90,323 | +92.6% |
| Accrued charges and deferred income | 492/3 | €1,000 | €1,560 | +€560 | +56.0% |
| Non-recurring operating income | 76A | €20,895 | €35,937 | +€15,043 | +72.0% |
| Remuneration, social security and pensions | 62 | €148,773 | €137,985 | -€10,789 | -7.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €297,010 | €326,407 | +€29,397 | +9.9% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €0 | - | = | |
| Other operating charges | 640/8 | €8,930 | €27,203 | +€18,273 | +205% |
| Gross operating margin | 9900 | €595,055 | €743,162 | +€148,107 | +24.9% |
| Operating profit (loss) | 9901 | €140,342 | €251,568 | +€111,226 | +79.3% |
| Financial income | 75/76B | €1,492 | €7 | -€1,484 | -99.5% |
| Recurring financial income | 75 | €1,492 | €7 | -€1,484 | -99.5% |
| Financial charges | 65/66B | €33,418 | €25,685 | -€7,732 | -23.1% |
| Recurring financial charges | 65 | €33,418 | €25,685 | -€7,732 | -23.1% |
| Profit (loss) for the period before taxes | 9903 | €108,416 | €225,890 | +€117,474 | +108% |
| Income taxes | 67/77 | €25,219 | €72,136 | +€46,917 | +186% |
| Profit (loss) for the period | 9904 | €83,197 | €153,754 | +€70,557 | +84.8% |
| Profit (loss) for the period to be appropriated | 9905 | €83,197 | €153,754 | +€70,557 | +84.8% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 15 October 2026 via checked.be.