SOLID'AIR: 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'AIR
Largest movements
- Tangible fixed assets -€94,916
down €94,916 (-3.9%), from €2.4m to €2.4m
of which Land and buildings: -€54,745
- Receivables within one year +€46,560
up €46,560 (+67.9%), from €68,559 to €115,120
of which Trade receivables: +€29,998
- Debts after one year -€213,460
down €213,460 (-12.7%), from €1.7m to €1.5m
- Reserves +€80,271
up €80,271 (+14.0%), from €571,766 to €652,036
of which Distributable reserves: +€80,271
- Trade debts +€72,766
up €72,766, from €0 to €72,766
- Other operating charges +€26,433
up €26,433 (+69.8%), from €37,845 to €64,278
- Gross operating margin -€6,311
down €6,311 (-2.1%), from €304,694 to €298,383
- Financial charges -€6,143
down €6,143 (-15.5%), from €39,668 to €33,525
- Taxes -€5,984
down €5,984 (-16.0%), from €37,312 to €31,328
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 | €2,568,212 | €2,517,722 | -€50,490 | -2.0% |
| Fixed assets | 21/28 | €2,450,365 | €2,354,794 | -€95,571 | -3.9% |
| Intangible fixed assets | 21 | €732 | €77 | -€655 | -89.5% |
| Tangible fixed assets | 22/27 | €2,449,633 | €2,354,717 | -€94,916 | -3.9% |
| Land and buildings | 22 | €2,345,227 | €2,290,481 | -€54,745 | -2.3% |
| Plant, machinery and equipment | 23 | €101,757 | €59,711 | -€42,046 | -41.3% |
| Furniture and vehicles | 24 | €2,649 | €4,525 | +€1,875 | +70.8% |
| Financial fixed assets | 28 | €0 | - | = | |
| Current assets | 29/58 | €117,847 | €162,928 | +€45,081 | +38.3% |
| Amounts receivable within one year | 40/41 | €68,559 | €115,120 | +€46,560 | +67.9% |
| Trade receivables | 40 | €35,857 | €65,855 | +€29,998 | +83.7% |
| Other amounts receivable | 41 | €32,702 | €49,265 | +€16,563 | +50.6% |
| Cash at bank and in hand | 54/58 | €48,857 | €47,808 | -€1,048 | -2.1% |
| Deferred charges and accrued income | 490/1 | €431 | €0 | -€431 | -100% |
| Total equity and liabilities | 10/49 | €2,568,212 | €2,517,722 | -€50,490 | -2.0% |
| Equity | 10/15 | €574,766 | €655,036 | +€80,271 | +14.0% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €571,766 | €652,036 | +€80,271 | +14.0% |
| Non-distributable reserves | 130/1 | €15,600 | €15,600 | = | 0.0% |
| Reserves not available under the articles | 1311 | €15,600 | €15,600 | = | 0.0% |
| Distributable reserves | 133 | €556,166 | €636,436 | +€80,271 | +14.4% |
| Amounts payable | 17/49 | €1,993,446 | €1,862,686 | -€130,760 | -6.6% |
| Amounts payable after more than one year | 17 | €1,681,085 | €1,467,626 | -€213,460 | -12.7% |
| Financial debts | 170/4 | €1,681,085 | €1,467,626 | -€213,460 | -12.7% |
| Amounts payable within one year | 42/48 | €258,361 | €357,060 | +€98,699 | +38.2% |
| Current portion of amounts payable after more than one year | 42 | €213,043 | €213,928 | +€885 | +0.4% |
| Financial debts | 43 | - | €7,000 | +€7,000 | |
| Credit institutions | 430/8 | - | €7,000 | +€7,000 | |
| Trade debts | 44 | €0 | €72,766 | +€72,766 | |
| Suppliers | 440/4 | €0 | €72,766 | +€72,766 | |
| Taxes, remuneration and social security | 45 | €45,318 | €63,366 | +€18,048 | +39.8% |
| Taxes | 450/3 | €45,318 | €63,366 | +€18,048 | +39.8% |
| Accrued charges and deferred income | 492/3 | €54,000 | €38,000 | -€16,000 | -29.6% |
| Non-recurring operating income | 76A | - | €4,183 | +€4,183 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €91,317 | €91,217 | -€101 | -0.1% |
| Other operating charges | 640/8 | €37,845 | €64,278 | +€26,433 | +69.8% |
| Gross operating margin | 9900 | €304,694 | €298,383 | -€6,311 | -2.1% |
| Operating profit (loss) | 9901 | €175,532 | €142,888 | -€32,644 | -18.6% |
| Financial income | 75/76B | €791 | €2,235 | +€1,444 | +183% |
| Recurring financial income | 75 | €791 | €2,235 | +€1,444 | +183% |
| Financial charges | 65/66B | €39,668 | €33,525 | -€6,143 | -15.5% |
| Recurring financial charges | 65 | €39,668 | €33,525 | -€6,143 | -15.5% |
| Profit (loss) for the period before taxes | 9903 | €136,655 | €111,599 | -€25,057 | -18.3% |
| Income taxes | 67/77 | €37,312 | €31,328 | -€5,984 | -16.0% |
| Profit (loss) for the period | 9904 | €99,343 | €80,271 | -€19,073 | -19.2% |
| Profit (loss) for the period to be appropriated | 9905 | €99,343 | €80,271 | -€19,073 | -19.2% |
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 24 October 2026 via checked.be.