SOLID BUILDING GEEL: 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 BUILDING GEEL
Largest movements
- Cash +€23,422
up €23,422 (+15.2%), from €153,637 to €177,059
mainly Net result for the year (+€54,858) and Other debts (+€50,000)
- Other debts +€50,000
new in 2025: €50,000
- Trade debts -€39,088
down €39,088 (-65.1%), from €60,030 to €20,942
- Tax, wage and social debts +€7,264
up €7,264 (+430%), from €1,690 to €8,955
- Reserves +€4,858
up €4,858 (+7.6%), from €64,267 to €69,125
of which Distributable reserves: +€4,858
- Gross operating margin -€22,691
down €22,691 (-23.4%), from €97,060 to €74,369
- Taxes -€6,083
down €6,083 (-24.2%), from €25,112 to €19,029
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 | €175,987 | €199,022 | +€23,035 | +13.1% |
| Fixed assets | 21/28 | €1,375 | €1,043 | -€332 | -24.2% |
| Tangible fixed assets | 22/27 | €1,375 | €1,043 | -€332 | -24.2% |
| Plant, machinery and equipment | 23 | €1,375 | €1,043 | -€332 | -24.2% |
| Current assets | 29/58 | €174,612 | €197,979 | +€23,367 | +13.4% |
| Amounts receivable within one year | 40/41 | €20,975 | €20,920 | -€55 | -0.3% |
| Trade receivables | 40 | €2,390 | €17,026 | +€14,636 | +612% |
| Other amounts receivable | 41 | €18,585 | €3,894 | -€14,691 | -79.0% |
| Cash at bank and in hand | 54/58 | €153,637 | €177,059 | +€23,422 | +15.2% |
| Total equity and liabilities | 10/49 | €175,987 | €199,022 | +€23,035 | +13.1% |
| Equity | 10/15 | €114,267 | €119,125 | +€4,858 | +4.3% |
| Contributions | 10/11 | €50,000 | €50,000 | = | 0.0% |
| Reserves | 13 | €64,267 | €69,125 | +€4,858 | +7.6% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €64,267 | €69,125 | +€4,858 | +7.6% |
| Amounts payable | 17/49 | €61,720 | €79,897 | +€18,176 | +29.4% |
| Amounts payable within one year | 42/48 | €61,720 | €79,897 | +€18,176 | +29.4% |
| Trade debts | 44 | €60,030 | €20,942 | -€39,088 | -65.1% |
| Suppliers | 440/4 | €60,030 | €20,942 | -€39,088 | -65.1% |
| Taxes, remuneration and social security | 45 | €1,690 | €8,955 | +€7,264 | +430% |
| Taxes | 450/3 | €1,690 | €8,955 | +€7,264 | +430% |
| Other amounts payable | 47/48 | - | €50,000 | +€50,000 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €287 | €332 | +€46 | +15.9% |
| Other operating charges | 640/8 | €118 | €120 | +€2 | +1.7% |
| Gross operating margin | 9900 | €97,060 | €74,369 | -€22,691 | -23.4% |
| Operating profit (loss) | 9901 | €96,655 | €73,917 | -€22,738 | -23.5% |
| Financial charges | 65/66B | €30 | €30 | = | 0.0% |
| Recurring financial charges | 65 | €30 | €30 | = | 0.0% |
| Profit (loss) for the period before taxes | 9903 | €96,625 | €73,887 | -€22,738 | -23.5% |
| Income taxes | 67/77 | €25,112 | €19,029 | -€6,083 | -24.2% |
| Profit (loss) for the period | 9904 | €71,513 | €54,858 | -€16,655 | -23.3% |
| Profit (loss) for the period to be appropriated | 9905 | €71,513 | €54,858 | -€16,655 | -23.3% |
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 24 October 2026 via checked.be.