SOLID: 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.
What changed
SOLID
NACE 16.110, Sawmilling and planing of wood
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
-€638,440
2024 · -€412,042-€226,398
Equity
€3.8m
2024 · €4.4m-€638,440
Cash
€444,503
2024 · €68,866+€375,637
Balance sheet total
€10.2m
2024 · €8.4m+€1.9m
Largest movements
Assets
- Stocks and contracts +€872,301
up €872,301 (+20.3%), from €4.3m to €5.2m
- Tangible fixed assets -€679,573
down €679,573 (-54.0%), from €1.3m to €577,995
of which Assets under construction and advance payments: -€548,904
- Intangible fixed assets +€627,410
up €627,410 (+1328.0%), from €47,244 to €674,654
- Deferred charges and accrued income +€602,843
up €602,843 (+296.9%), from €203,036 to €805,879
- Cash +€375,637
up €375,637 (+545.5%), from €68,866 to €444,503
mainly Short-term financial debts (+€2.3m) and Trade debts (+€339,589)
Equity and liabilities
- Short-term financial debts +€2.3m
up €2.3m (+93622.9%), from €2,422 to €2.3m
- Profit (loss) carried forward -€638,440
down €638,440 (-16.6%), from -€3.9m to -€4.5m
- Trade debts +€339,589
up €339,589 (+52.2%), from €650,468 to €990,057
- Debts after one year -€148,146
down €148,146 (-5.4%), from €2.8m to €2.6m
of which Financial debts: -€148,146
- Tax, wage and social debts +€125,285
up €125,285 (+43.2%), from €290,302 to €415,587
of which Remuneration and social security: +€84,550
Income statement
- Financial charges +€3.5m
up €3.5m (+2586.7%), from €133,931 to €3.6m
of which Non-recurring financial charges: +€3.4m
- Financial income +€3.4m
up €3.4m (+27025.2%), from €12,647 to €3.4m
of which Non-recurring financial income: +€3.4m
- Turnover +€1.9m
up €1.9m (+19.1%), from €9.9m to €11.8m
- Goods and materials +€1.9m
up €1.9m (+32.3%), from €5.7m to €7.6m
of which Purchases: +€3.7m
- Other operating income +€748,242
up €748,242 (+638.0%), from €117,281 to €865,523
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.
Result 2024
-€412,042
Turnover
+€1.9m
Other operating income
+€748,242
Goods and materials
-€1.9m
Services and other goods
-€545,309
Staff costs
-€567,313
Depreciation
-€84,386
Write-downs
-€492,604
Other operating charges
-€9,511
Other operating items
+€736,837
Financial income
+€3.4m
Financial charges
-€3.5m
Taxes
-€1,168
Deferred taxes and other
-€16,101
Result 2025
-€638,440
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.
From operations
-€1.4m
Investment
-€283,978
Financing
+€2.1m
Cash 2024
€68,866
From operations (derived)
-€1.4m
Net result for the year
-€638,440
Depreciation
+€336,141
Stocks and contracts
-€872,301
Receivables within one year
-€79,612
Deferred charges and accrued income
-€602,843
Trade debts
+€339,589
Tax, wage and social debts
+€125,285
Accrued charges and deferred income
-€30,200
Investment (derived)
-€283,978
Investment in fixed assets (net)
-€283,978
Financing
+€2.1m
Debts after one year
-€148,146
Current portion of long-term debt
-€37,854
Short-term financial debts
+€2.3m
Cash 2025
€444,503
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €8,368,600 | €10,246,830 | +€1.9m | +22.4% |
| Fixed assets | 21/28 | €1,312,489 | €1,260,327 | -€52,163 | -4.0% |
| Intangible fixed assets | 21 | €47,244 | €674,654 | +€627,410 | +1328.0% |
| Tangible fixed assets | 22/27 | €1,257,567 | €577,995 | -€679,573 | -54.0% |
| Land and buildings | 22 | €0 | - | = | |
| Plant, machinery and equipment | 23 | €260,024 | €322,148 | +€62,124 | +23.9% |
| Furniture and vehicles | 24 | €18,597 | €10,764 | -€7,833 | -42.1% |
| Leasing and similar rights | 25 | €426,125 | €241,990 | -€184,135 | -43.2% |
| Other tangible fixed assets | 26 | €3,917 | €3,092 | -€825 | -21.1% |
| Assets under construction and advance payments | 27 | €548,904 | €0 | -€548,904 | -100.0% |
| Financial fixed assets | 28 | €7,679 | €7,679 | = | 0.0% |
| Companies linked by participating interests | 282/3 | €7,679 | €7,679 | = | 0.0% |
| Participating interests | 282 | €7,679 | €7,679 | = | 0.0% |
| Current assets | 29/58 | €7,056,111 | €8,986,504 | +€1.9m | +27.4% |
| Stocks and contracts in progress | 3 | €4,300,579 | €5,172,880 | +€872,301 | +20.3% |
| Stocks | 30/36 | €4,300,579 | €5,172,880 | +€872,301 | +20.3% |
| Raw materials and consumables | 30/31 | €966,646 | €1,734,236 | +€767,590 | +79.4% |
| Work in progress | 32 | €508,413 | €693,522 | +€185,109 | +36.4% |
| Finished goods | 33 | €960,339 | €1,305,717 | +€345,378 | +36.0% |
| Goods purchased for resale | 34 | €1,865,181 | €1,439,405 | -€425,775 | -22.8% |
| Amounts receivable within one year | 40/41 | €2,483,630 | €2,563,242 | +€79,612 | +3.2% |
| Trade receivables | 40 | €2,476,516 | €2,555,912 | +€79,396 | +3.2% |
| Other amounts receivable | 41 | €7,114 | €7,330 | +€216 | +3.0% |
| Cash at bank and in hand | 54/58 | €68,866 | €444,503 | +€375,637 | +545.5% |
| Deferred charges and accrued income | 490/1 | €203,036 | €805,879 | +€602,843 | +296.9% |
| Total equity and liabilities | 10/49 | €8,368,600 | €10,246,830 | +€1.9m | +22.4% |
| Equity | 10/15 | €4,419,856 | €3,781,416 | -€638,440 | -14.4% |
| Contributions | 10/11 | €7,500,000 | €7,500,000 | = | 0.0% |
| Reserves | 13 | €770,000 | €770,000 | = | 0.0% |
| Tax-exempt reserves | 132 | €0 | - | = | |
| Distributable reserves | 133 | €770,000 | €770,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€3,850,144 | -€4,488,584 | -€638,440 | -16.6% |
| Provisions and deferred taxes | 16 | €0 | - | = | |
| Deferred taxes | 168 | €0 | - | = | |
| Amounts payable | 17/49 | €3,948,744 | €6,465,414 | +€2.5m | +63.7% |
| Amounts payable after more than one year | 17 | €2,768,978 | €2,620,832 | -€148,146 | -5.4% |
| Financial debts | 170/4 | €268,978 | €120,832 | -€148,146 | -55.1% |
| Leasing and similar obligations | 172 | €268,978 | €120,832 | -€148,146 | -55.1% |
| Other amounts payable | 178/9 | €2,500,000 | €2,500,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €1,129,193 | €3,824,209 | +€2.7m | +238.7% |
| Current portion of amounts payable after more than one year | 42 | €186,000 | €148,146 | -€37,854 | -20.4% |
| Financial debts | 43 | €2,422 | €2,270,419 | +€2.3m | +93622.9% |
| Credit institutions | 430/8 | €2,422 | €2,270,419 | +€2.3m | +93622.9% |
| Trade debts | 44 | €650,468 | €990,057 | +€339,589 | +52.2% |
| Suppliers | 440/4 | €650,468 | €990,057 | +€339,589 | +52.2% |
| Taxes, remuneration and social security | 45 | €290,302 | €415,587 | +€125,285 | +43.2% |
| Taxes | 450/3 | €25,472 | €66,207 | +€40,735 | +159.9% |
| Remuneration and social security | 454/9 | €264,830 | €349,381 | +€84,550 | +31.9% |
| Accrued charges and deferred income | 492/3 | €50,573 | €20,373 | -€30,200 | -59.7% |
| Operating income | 70/76A | €9,851,351 | €13,242,173 | +€3.4m | +34.4% |
| Turnover | 70 | €9,942,284 | €11,846,163 | +€1.9m | +19.1% |
| Change in stocks of work in progress, finished goods and contracts in progress | 71 | -€208,214 | €530,487 | +€738,701 | |
| Other operating income | 74 | €117,281 | €865,523 | +€748,242 | +638.0% |
| Operating charges | 60/66A | €10,156,761 | €13,710,193 | +€3.6m | +35.0% |
| Goods for resale, raw materials and consumables | 60 | €5,731,975 | €7,584,420 | +€1.9m | +32.3% |
| Purchases | 600/8 | €4,706,369 | €8,443,259 | +€3.7m | +79.4% |
| Change in stocks: decrease (increase) | 609 | €1,025,606 | -€858,838 | -€1.9m | |
| Services and other goods | 61 | €2,513,501 | €3,058,810 | +€545,309 | +21.7% |
| Remuneration, social security and pensions | 62 | €1,549,548 | €2,116,861 | +€567,313 | +36.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €251,755 | €336,141 | +€84,386 | +33.5% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €17,473 | €510,077 | +€492,604 | +2819.2% |
| Other operating charges | 640/8 | €92,509 | €102,019 | +€9,511 | +10.3% |
| Non-recurring operating charges | 66A | - | €1,864 | +€1,864 | |
| Operating profit (loss) | 9901 | -€305,410 | -€468,020 | -€162,610 | -53.2% |
| Financial income | 75/76B | €12,647 | €3,430,564 | +€3.4m | +27025.2% |
| Recurring financial income | 75 | €12,647 | €27,432 | +€14,785 | +116.9% |
| Income from current assets | 751 | €582 | €1,316 | +€734 | +126.2% |
| Other financial income | 752/9 | €12,065 | €26,116 | +€14,051 | +116.5% |
| Non-recurring financial income | 76B | - | €3,403,132 | +€3.4m | |
| Financial charges | 65/66B | €133,931 | €3,598,367 | +€3.5m | +2586.7% |
| Recurring financial charges | 65 | €133,931 | €195,235 | +€61,304 | +45.8% |
| Debt charges | 650 | €72,577 | €137,472 | +€64,895 | +89.4% |
| Other financial charges | 652/9 | €61,354 | €57,763 | -€3,591 | -5.9% |
| Non-recurring financial charges | 66B | - | €3,403,132 | +€3.4m | |
| Profit (loss) for the period before taxes | 9903 | -€426,694 | -€635,822 | -€209,129 | -49.0% |
| Transfer from deferred taxes | 780 | €16,101 | €0 | -€16,101 | -100.0% |
| Income taxes | 67/77 | €1,450 | €2,618 | +€1,168 | +80.6% |
| Taxes | 670/3 | €1,450 | €2,628 | +€1,178 | +81.3% |
| Tax adjustments and reversals of tax provisions | 77 | - | €10 | +€10 | |
| Profit (loss) for the period | 9904 | -€412,042 | -€638,440 | -€226,398 | -54.9% |
| Transfer from tax-exempt reserves | 789 | €55,425 | €0 | -€55,425 | -100.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€356,617 | -€638,440 | -€281,823 | -79.0% |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.