SOLID CAPITAL: what changed
Two fiscal 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 CAPITAL
Largest movements
- Receivables within one year +€896,125
up €896,125 (+44.1%), from €2.0m to €2.9m
- Stocks and contracts +€566,513
new in 2025: €566,513
- Other debts +€741,393
up €741,393 (+32.8%), from €2.3m to €3.0m
- Trade debts +€572,748
up €572,748 (+4007.8%), from €14,291 to €587,039
- Profit (loss) carried forward +€208,406
up €208,406 (+4.3%), from €4.8m to €5.0m
- Financial income -€181,419
down €181,419 (-30.0%), from €605,176 to €423,757
- Financial charges -€22,210
down €22,210 (-19.0%), from €116,924 to €94,714
- Gross operating margin -€14,376
down €14,376 (-26.8%), from -€53,709 to -€68,085
- Other operating charges +€2,538
up €2,538 (+40.4%), from €6,290 to €8,828
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.
Cash bridge derived
Cash or the result is not a separate line in both sets of accounts; the cash flow cannot be derived from them.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €8,625,480 | €10,059,512 | +€1.4m | +16.6% |
| Fixed assets | 21/28 | €4,293,291 | €4,249,567 | -€43,724 | -1.0% |
| Tangible fixed assets | 22/27 | €967,609 | €923,884 | -€43,725 | -4.5% |
| Land and buildings | 22 | €924,016 | €883,008 | -€41,008 | -4.4% |
| Plant, machinery and equipment | 23 | €37,522 | €35,784 | -€1,738 | -4.6% |
| Furniture and vehicles | 24 | €6,071 | €5,092 | -€979 | -16.1% |
| Financial fixed assets | 28 | €3,325,683 | €3,325,683 | +€1 | 0.0% |
| Current assets | 29/58 | €4,332,188 | €5,809,945 | +€1.5m | +34.1% |
| Amounts receivable after more than one year | 29 | €2,050,180 | €2,017,618 | -€32,562 | -1.6% |
| Other amounts receivable | 291 | €2,050,180 | €2,017,618 | -€32,562 | -1.6% |
| Stocks and contracts in progress | 3 | - | €566,513 | +€566,513 | |
| Stocks | 30/36 | - | €566,513 | +€566,513 | |
| Amounts receivable within one year | 40/41 | €2,032,958 | €2,929,083 | +€896,125 | +44.1% |
| Other amounts receivable | 41 | €2,032,958 | €2,929,083 | +€896,125 | +44.1% |
| Current investments | 50/53 | €201,500 | €201,500 | = | 0.0% |
| Deferred charges and accrued income | 490/1 | €47,550 | €95,231 | +€47,681 | +100.3% |
| Total equity and liabilities | 10/49 | €8,625,480 | €10,059,512 | +€1.4m | +16.6% |
| Equity | 10/15 | €4,975,700 | €5,184,106 | +€208,406 | +4.2% |
| Contributions | 10/11 | €61,500 | €61,500 | = | 0.0% |
| Capital | 10 | €61,500 | €61,500 | = | 0.0% |
| Issued capital | 100 | €61,500 | €61,500 | = | 0.0% |
| Reserves | 13 | €85,314 | €85,314 | +€0 | 0.0% |
| Non-distributable reserves | 130/1 | €85,314 | €85,314 | +€0 | 0.0% |
| Legal reserve | 130 | €85,314 | €85,314 | +€0 | 0.0% |
| Profit (loss) carried forward | 14 | €4,828,886 | €5,037,292 | +€208,406 | +4.3% |
| Amounts payable | 17/49 | €3,649,780 | €4,875,406 | +€1.2m | +33.6% |
| Amounts payable after more than one year | 17 | €350,000 | €350,000 | = | 0.0% |
| Financial debts | 170/4 | €350,000 | €350,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €3,287,758 | €4,525,406 | +€1.2m | +37.6% |
| Financial debts | 43 | €1,010,921 | €934,427 | -€76,494 | -7.6% |
| Credit institutions | 430/8 | €1,010,921 | €934,427 | -€76,494 | -7.6% |
| Trade debts | 44 | €14,291 | €587,039 | +€572,748 | +4007.8% |
| Suppliers | 440/4 | €14,291 | €587,039 | +€572,748 | +4007.8% |
| Other amounts payable | 47/48 | €2,262,547 | €3,003,940 | +€741,393 | +32.8% |
| Accrued charges and deferred income | 492/3 | €12,021 | - | -€12,021 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €43,724 | €43,724 | -€0 | 0.0% |
| Other operating charges | 640/8 | €6,290 | €8,828 | +€2,538 | +40.4% |
| Gross operating margin | 9900 | -€53,709 | -€68,085 | -€14,376 | -26.8% |
| Operating profit (loss) | 9901 | -€103,723 | -€120,637 | -€16,914 | -16.3% |
| Financial income | 75/76B | €605,176 | €423,757 | -€181,419 | -30.0% |
| Recurring financial income | 75 | €605,176 | €423,757 | -€181,419 | -30.0% |
| Financial charges | 65/66B | €116,924 | €94,714 | -€22,210 | -19.0% |
| Recurring financial charges | 65 | €116,924 | €94,714 | -€22,210 | -19.0% |
| Profit (loss) for the period before taxes | 9903 | €384,529 | €208,406 | -€176,123 | -45.8% |
| Profit (loss) for the period | 9904 | €384,529 | €208,406 | -€176,123 | -45.8% |
| Profit (loss) for the period to be appropriated | 9905 | €384,529 | €208,406 | -€176,123 | -45.8% |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 28 September 2026 via checked.be.