SOLID: 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.
SOLID
Largest movements
- Receivables within one year -€311,397
down €311,397 (-97.6%), from €319,043 to €7,646
of which Other amounts receivable: -€313,966
- Cash +€123,260
up €123,260 (+217%), from €56,777 to €180,037
mainly Debts after one year (+€972,086) and Receivables within one year (+€311,397)
- Receivables after one year +€107,000
new in 2025: €107,000
- Other debts -€1.2m
down €1.2m (-87.5%), from €1.4m to €172,718
- Debts after one year +€972,086
up €972,086 (+37.4%), from €2.6m to €3.6m
of which Other amounts payable: +€1.1m
- Profit (loss) carried forward +€183,482
up €183,482 (+119%), from €153,581 to €337,063
- Gross operating margin -€35,459
down €35,459 (-25.5%), from €139,064 to €103,605
- Financial charges -€28,509
down €28,509 (-19.4%), from €146,839 to €118,329
- Financial income +€2,225
up €2,225 (+1.1%), from €199,973 to €202,198
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 | €9,370,776 | €9,306,825 | -€63,951 | -0.7% |
| Fixed assets | 21/28 | €8,977,974 | €8,976,991 | -€983 | 0.0% |
| Tangible fixed assets | 22/27 | €6,103 | €5,120 | -€983 | -16.1% |
| Plant, machinery and equipment | 23 | €1,500 | €1,131 | -€368 | -24.6% |
| Furniture and vehicles | 24 | €1,527 | €988 | -€539 | -35.3% |
| Other tangible fixed assets | 26 | €3,076 | €3,001 | -€76 | -2.5% |
| Financial fixed assets | 28 | €8,971,871 | €8,971,871 | = | 0.0% |
| Current assets | 29/58 | €392,802 | €329,835 | -€62,968 | -16.0% |
| Amounts receivable after more than one year | 29 | - | €107,000 | +€107,000 | |
| Other amounts receivable | 291 | - | €107,000 | +€107,000 | |
| Amounts receivable within one year | 40/41 | €319,043 | €7,646 | -€311,397 | -97.6% |
| Trade receivables | 40 | €1,267 | €3,836 | +€2,569 | +203% |
| Other amounts receivable | 41 | €317,776 | €3,810 | -€313,966 | -98.8% |
| Cash at bank and in hand | 54/58 | €56,777 | €180,037 | +€123,260 | +217% |
| Deferred charges and accrued income | 490/1 | €16,982 | €35,151 | +€18,169 | +107% |
| Total equity and liabilities | 10/49 | €9,370,776 | €9,306,825 | -€63,951 | -0.7% |
| Equity | 10/15 | €5,141,906 | €5,325,388 | +€183,482 | +3.6% |
| Contributions | 10/11 | €300,000 | €300,000 | = | 0.0% |
| Reserves | 13 | €4,688,325 | €4,688,325 | = | 0.0% |
| Tax-exempt reserves | 132 | €0 | - | = | |
| Distributable reserves | 133 | €4,688,325 | €4,688,325 | = | 0.0% |
| Profit (loss) carried forward | 14 | €153,581 | €337,063 | +€183,482 | +119% |
| Amounts payable | 17/49 | €4,228,871 | €3,981,437 | -€247,433 | -5.9% |
| Amounts payable after more than one year | 17 | €2,600,161 | €3,572,247 | +€972,086 | +37.4% |
| Financial debts | 170/4 | €700,161 | €603,246 | -€96,915 | -13.8% |
| Other amounts payable | 178/9 | €1,900,000 | €2,969,002 | +€1.1m | +56.3% |
| Amounts payable within one year | 42/48 | €1,520,868 | €281,454 | -€1.2m | -81.5% |
| Current portion of amounts payable after more than one year | 42 | €94,686 | €96,915 | +€2,230 | +2.4% |
| Trade debts | 44 | €1,146 | €845 | -€301 | -26.3% |
| Suppliers | 440/4 | €1,146 | €845 | -€301 | -26.3% |
| Taxes, remuneration and social security | 45 | €44,278 | €10,976 | -€33,302 | -75.2% |
| Taxes | 450/3 | €41,622 | €10,976 | -€30,646 | -73.6% |
| Remuneration and social security | 454/9 | €2,655 | €0 | -€2,655 | -100% |
| Other amounts payable | 47/48 | €1,380,759 | €172,718 | -€1.2m | -87.5% |
| Accrued charges and deferred income | 492/3 | €107,841 | €127,736 | +€19,895 | +18.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,697 | €1,355 | -€342 | -20.2% |
| Other operating charges | 640/8 | €2,205 | €2,253 | +€49 | +2.2% |
| Gross operating margin | 9900 | €139,064 | €103,605 | -€35,459 | -25.5% |
| Operating profit (loss) | 9901 | €135,162 | €99,997 | -€35,165 | -26.0% |
| Financial income | 75/76B | €199,973 | €202,198 | +€2,225 | +1.1% |
| Recurring financial income | 75 | €199,973 | €202,198 | +€2,225 | +1.1% |
| Financial charges | 65/66B | €146,839 | €118,329 | -€28,509 | -19.4% |
| Recurring financial charges | 65 | €146,839 | €118,329 | -€28,509 | -19.4% |
| Profit (loss) for the period before taxes | 9903 | €188,297 | €183,866 | -€4,431 | -2.4% |
| Income taxes | 67/77 | €274 | €384 | +€110 | +40.3% |
| Profit (loss) for the period | 9904 | €188,023 | €183,482 | -€4,541 | -2.4% |
| Transfer from tax-exempt reserves | 789 | €46,500 | €0 | -€46,500 | -100% |
| Profit (loss) for the period to be appropriated | 9905 | €234,523 | €183,482 | -€51,041 | -21.8% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 22 October 2026 via checked.be.