SOLID CONSTRUCTIONS: 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 CONSTRUCTIONS
Largest movements
- Current investments +€75,500
new in 2025: €75,500
- Cash -€73,456
down €73,456 (-44.7%), from €164,219 to €90,763
mainly Current investments (-€75,500) and Investment in fixed assets (net) (-€22,766)
- Tangible fixed assets -€11,305
down €11,305 (-4.9%), from €231,087 to €219,782
of which Leasing and similar rights: -€51,017
- Receivables within one year -€8,168
down €8,168 (-16.7%), from €49,014 to €40,846
of which Other amounts receivable: -€10,827
- Receivables after one year -€6,640
down €6,640 (-49.6%), from €13,394 to €6,754
- Other debts +€19,879
up €19,879 (+27.5%), from €72,408 to €92,287
- Short-term financial debts -€15,234
down €15,234 (-100%), from €15,234 to €0
- Trade debts -€13,837
down €13,837 (-85.5%), from €16,182 to €2,345
- Debts after one year -€10,173
down €10,173 (-5.5%), from €184,264 to €174,091
- Gross operating margin -€11,528
down €11,528 (-16.9%), from €68,032 to €56,504
- Financial charges -€4,275
down €4,275 (-36.5%), from €11,717 to €7,442
- Depreciation +€3,834
up €3,834 (+12.7%), from €30,236 to €34,070
- Taxes -€1,115
down €1,115 (-89.4%), from €1,247 to €132
- Staff costs -€860
down €860 (-5.3%), from €16,137 to €15,277
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 | €463,714 | €438,864 | -€24,850 | -5.4% |
| Fixed assets | 21/28 | €231,087 | €219,782 | -€11,305 | -4.9% |
| Tangible fixed assets | 22/27 | €231,087 | €219,782 | -€11,305 | -4.9% |
| Land and buildings | 22 | €25,000 | €25,000 | = | 0.0% |
| Plant, machinery and equipment | 23 | €18,144 | €23,304 | +€5,160 | +28.4% |
| Furniture and vehicles | 24 | €30,538 | €26,572 | -€3,965 | -13.0% |
| Leasing and similar rights | 25 | €51,017 | €0 | -€51,017 | -100% |
| Other tangible fixed assets | 26 | €106,388 | €144,906 | +€38,518 | +36.2% |
| Current assets | 29/58 | €232,627 | €219,082 | -€13,545 | -5.8% |
| Amounts receivable after more than one year | 29 | €13,394 | €6,754 | -€6,640 | -49.6% |
| Other amounts receivable | 291 | €13,394 | €6,754 | -€6,640 | -49.6% |
| Amounts receivable within one year | 40/41 | €49,014 | €40,846 | -€8,168 | -16.7% |
| Trade receivables | 40 | €24,618 | €27,277 | +€2,659 | +10.8% |
| Other amounts receivable | 41 | €24,396 | €13,569 | -€10,827 | -44.4% |
| Current investments | 50/53 | - | €75,500 | +€75,500 | |
| Cash at bank and in hand | 54/58 | €164,219 | €90,763 | -€73,456 | -44.7% |
| Deferred charges and accrued income | 490/1 | €6,000 | €5,219 | -€781 | -13.0% |
| Total equity and liabilities | 10/49 | €463,714 | €438,864 | -€24,850 | -5.4% |
| Equity | 10/15 | €150,670 | €149,861 | -€808 | -0.5% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €138,270 | €137,461 | -€808 | -0.6% |
| Distributable reserves | 133 | €138,270 | €137,461 | -€808 | -0.6% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €313,044 | €289,003 | -€24,042 | -7.7% |
| Amounts payable after more than one year | 17 | €184,264 | €174,091 | -€10,173 | -5.5% |
| Financial debts | 170/4 | €184,264 | €174,091 | -€10,173 | -5.5% |
| Amounts payable within one year | 42/48 | €118,916 | €109,118 | -€9,798 | -8.2% |
| Current portion of amounts payable after more than one year | 42 | €10,027 | €10,173 | +€145 | +1.4% |
| Financial debts | 43 | €15,234 | €0 | -€15,234 | -100% |
| Credit institutions | 430/8 | €15,234 | €0 | -€15,234 | -100% |
| Trade debts | 44 | €16,182 | €2,345 | -€13,837 | -85.5% |
| Suppliers | 440/4 | €16,182 | €2,345 | -€13,837 | -85.5% |
| Taxes, remuneration and social security | 45 | €5,064 | €4,313 | -€751 | -14.8% |
| Taxes | 450/3 | €2,803 | €1,875 | -€928 | -33.1% |
| Remuneration and social security | 454/9 | €2,261 | €2,438 | +€177 | +7.8% |
| Other amounts payable | 47/48 | €72,408 | €92,287 | +€19,879 | +27.5% |
| Accrued charges and deferred income | 492/3 | €9,864 | €5,793 | -€4,071 | -41.3% |
| Remuneration, social security and pensions | 62 | €16,137 | €15,277 | -€860 | -5.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €30,236 | €34,070 | +€3,834 | +12.7% |
| Other operating charges | 640/8 | €1,162 | €1,662 | +€500 | +43.0% |
| Gross operating margin | 9900 | €68,032 | €56,504 | -€11,528 | -16.9% |
| Operating profit (loss) | 9901 | €20,496 | €5,494 | -€15,002 | -73.2% |
| Financial income | 75/76B | €1,165 | €1,271 | +€106 | +9.1% |
| Recurring financial income | 75 | €1,165 | €1,271 | +€106 | +9.1% |
| Financial charges | 65/66B | €11,717 | €7,442 | -€4,275 | -36.5% |
| Recurring financial charges | 65 | €11,717 | €7,442 | -€4,275 | -36.5% |
| Profit (loss) for the period before taxes | 9903 | €9,944 | -€676 | -€10,621 | |
| Income taxes | 67/77 | €1,247 | €132 | -€1,115 | -89.4% |
| Profit (loss) for the period | 9904 | €8,697 | -€808 | -€9,506 | |
| Profit (loss) for the period to be appropriated | 9905 | €8,697 | -€808 | -€9,506 |
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 16 October 2026 via checked.be.