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
- Cash +€353,181
up €353,181 (+113%), from €313,349 to €666,530
mainly Trade debts (+€285,813) and Tax, wage and social debts (+€46,609)
- Receivables within one year +€18,179
up €18,179 (+2.4%), from €749,064 to €767,243
of which Trade receivables: +€252,115
- Trade debts +€285,813
up €285,813 (+34.9%), from €818,943 to €1.1m
- Tax, wage and social debts +€46,609
up €46,609 (+73.3%), from €63,592 to €110,201
- Reserves +€43,438
up €43,438 (+36.8%), from €118,062 to €161,500
of which Distributable reserves: +€43,438
- Gross operating margin -€34,631
down €34,631 (-12.6%), from €273,883 to €239,252
- Other operating charges +€20,445
up €20,445 (+2,950%), from €693 to €21,138
- Taxes -€13,293
down €13,293 (-35.4%), from €37,500 to €24,207
- Staff costs +€7,705
up €7,705 (+5.7%), from €134,438 to €142,143
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,062,597 | €1,438,457 | +€375,860 | +35.4% |
| Current assets | 29/58 | €1,062,597 | €1,438,457 | +€375,860 | +35.4% |
| Amounts receivable within one year | 40/41 | €749,064 | €767,243 | +€18,179 | +2.4% |
| Trade receivables | 40 | €432,255 | €684,370 | +€252,115 | +58.3% |
| Other amounts receivable | 41 | €316,809 | €82,873 | -€233,936 | -73.8% |
| Cash at bank and in hand | 54/58 | €313,349 | €666,530 | +€353,181 | +113% |
| Deferred charges and accrued income | 490/1 | €184 | €4,684 | +€4,500 | +2,446% |
| Total equity and liabilities | 10/49 | €1,062,597 | €1,438,457 | +€375,860 | +35.4% |
| Equity | 10/15 | €180,062 | €223,500 | +€43,438 | +24.1% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €118,062 | €161,500 | +€43,438 | +36.8% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Distributable reserves | 133 | €111,862 | €155,300 | +€43,438 | +38.8% |
| Amounts payable | 17/49 | €882,535 | €1,214,957 | +€332,422 | +37.7% |
| Amounts payable within one year | 42/48 | €882,535 | €1,214,957 | +€332,422 | +37.7% |
| Trade debts | 44 | €818,943 | €1,104,756 | +€285,813 | +34.9% |
| Suppliers | 440/4 | €818,943 | €1,104,756 | +€285,813 | +34.9% |
| Taxes, remuneration and social security | 45 | €63,592 | €110,201 | +€46,609 | +73.3% |
| Taxes | 450/3 | €63,592 | €110,201 | +€46,609 | +73.3% |
| Remuneration, social security and pensions | 62 | €134,438 | €142,143 | +€7,705 | +5.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14 | - | -€14 | |
| Other operating charges | 640/8 | €693 | €21,138 | +€20,445 | +2,950% |
| Non-recurring operating charges | 66A | €17,500 | €7,233 | -€10,267 | -58.7% |
| Gross operating margin | 9900 | €273,883 | €239,252 | -€34,631 | -12.6% |
| Operating profit (loss) | 9901 | €121,238 | €68,738 | -€52,500 | -43.3% |
| Financial charges | 65/66B | €1,190 | €1,093 | -€97 | -8.2% |
| Recurring financial charges | 65 | €1,190 | €1,093 | -€97 | -8.2% |
| Profit (loss) for the period before taxes | 9903 | €120,048 | €67,645 | -€52,403 | -43.7% |
| Income taxes | 67/77 | €37,500 | €24,207 | -€13,293 | -35.4% |
| Profit (loss) for the period | 9904 | €82,548 | €43,438 | -€39,110 | -47.4% |
| Profit (loss) for the period to be appropriated | 9905 | €82,548 | €43,438 | -€39,110 | -47.4% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 15 October 2026 via checked.be.