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 +€40,901
up €40,901 (+91.6%), from €44,635 to €85,536
mainly Depreciation (+€24,702) and Accrued charges and deferred income (+€24,554)
- Tangible fixed assets -€22,245
down €22,245 (-39.1%), from €56,864 to €34,619
of which Furniture and vehicles: -€17,565
- Receivables within one year +€9,718
up €9,718 (+127%), from €7,659 to €17,377
of which Trade receivables: +€15,621
- Stocks and contracts -€9,455
down €9,455 (-13.0%), from €72,999 to €63,544
- Accrued charges and deferred income +€24,554
new in 2025: €24,554
- Current portion of long-term debt -€14,956
no longer reported in 2025 (was €14,956)
- Reserves +€13,894
up €13,894 (+16.4%), from €84,475 to €98,368
- Other debts -€3,124
down €3,124 (-39.0%), from €8,013 to €4,888
- Gross operating margin +€21,392
up €21,392 (+91.9%), from €23,267 to €44,659
- Taxes +€5,198
new in 2025: €5,198
- Financial charges -€1,156
down €1,156 (-66.2%), from €1,747 to €591
- Depreciation +€471
up €471 (+1.9%), from €24,231 to €24,702
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 | €189,598 | €208,597 | +€18,999 | +10.0% |
| Fixed assets | 21/28 | €57,264 | €35,019 | -€22,245 | -38.8% |
| Tangible fixed assets | 22/27 | €56,864 | €34,619 | -€22,245 | -39.1% |
| Plant, machinery and equipment | 23 | €8,831 | €5,564 | -€3,267 | -37.0% |
| Furniture and vehicles | 24 | €37,842 | €20,277 | -€17,565 | -46.4% |
| Other tangible fixed assets | 26 | €10,191 | €8,778 | -€1,413 | -13.9% |
| Financial fixed assets | 28 | €400 | €400 | = | 0.0% |
| Current assets | 29/58 | €132,334 | €173,578 | +€41,245 | +31.2% |
| Stocks and contracts in progress | 3 | €72,999 | €63,544 | -€9,455 | -13.0% |
| Stocks | 30/36 | €72,999 | €63,544 | -€9,455 | -13.0% |
| Amounts receivable within one year | 40/41 | €7,659 | €17,377 | +€9,718 | +127% |
| Trade receivables | 40 | €1,694 | €17,315 | +€15,621 | +922% |
| Other amounts receivable | 41 | €5,965 | €62 | -€5,903 | -99.0% |
| Cash at bank and in hand | 54/58 | €44,635 | €85,536 | +€40,901 | +91.6% |
| Deferred charges and accrued income | 490/1 | €7,041 | €7,121 | +€81 | +1.1% |
| Total equity and liabilities | 10/49 | €189,598 | €208,597 | +€18,999 | +10.0% |
| Equity | 10/15 | €157,235 | €171,129 | +€13,894 | +8.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €84,475 | €98,368 | +€13,894 | +16.4% |
| Distributable reserves | 133 | €84,475 | €98,368 | +€13,894 | +16.4% |
| Profit (loss) carried forward | 14 | €54,160 | €54,160 | = | 0.0% |
| Amounts payable | 17/49 | €32,363 | €37,468 | +€5,106 | +15.8% |
| Amounts payable within one year | 42/48 | €32,363 | €12,915 | -€19,448 | -60.1% |
| Current portion of amounts payable after more than one year | 42 | €14,956 | - | -€14,956 | |
| Trade debts | 44 | €7,453 | €5,863 | -€1,590 | -21.3% |
| Suppliers | 440/4 | €7,453 | €5,863 | -€1,590 | -21.3% |
| Taxes, remuneration and social security | 45 | €1,942 | €2,163 | +€221 | +11.4% |
| Taxes | 450/3 | €1,942 | €2,163 | +€221 | +11.4% |
| Other amounts payable | 47/48 | €8,013 | €4,888 | -€3,124 | -39.0% |
| Accrued charges and deferred income | 492/3 | - | €24,554 | +€24,554 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €24,231 | €24,702 | +€471 | +1.9% |
| Other operating charges | 640/8 | €1,541 | €1,589 | +€48 | +3.1% |
| Gross operating margin | 9900 | €23,267 | €44,659 | +€21,392 | +91.9% |
| Operating profit (loss) | 9901 | -€2,505 | €18,367 | +€20,873 | |
| Financial income | 75/76B | €987 | €1,315 | +€328 | +33.2% |
| Recurring financial income | 75 | €987 | €1,315 | +€328 | +33.2% |
| Financial charges | 65/66B | €1,747 | €591 | -€1,156 | -66.2% |
| Recurring financial charges | 65 | €1,747 | €591 | -€1,156 | -66.2% |
| Profit (loss) for the period before taxes | 9903 | -€3,265 | €19,091 | +€22,357 | |
| Income taxes | 67/77 | - | €5,198 | +€5,198 | |
| Profit (loss) for the period | 9904 | -€3,265 | €13,894 | +€17,159 | |
| Profit (loss) for the period to be appropriated | 9905 | -€3,265 | €13,894 | +€17,159 |
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 14 October 2026 via checked.be.