Solid Energy Solutions: 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 Energy Solutions
Largest movements
- Stocks and contracts -€66,743
down €66,743 (-78.8%), from €84,662 to €17,919
of which Contracts in progress: -€68,383
- Receivables within one year +€62,726
up €62,726 (+65.2%), from €96,270 to €158,996
of which Other amounts receivable: +€35,322
- Cash +€49,393
up €49,393 (+112.7%), from €43,842 to €93,235
mainly Stocks and contracts (+€66,743) and Trade debts (+€40,303)
- Deferred charges and accrued income +€3,709
up €3,709 (+115.6%), from €3,207 to €6,916
- Other debts -€43,914
down €43,914 (-91.9%), from €47,787 to €3,872
- Trade debts +€40,303
up €40,303 (+1086.9%), from €3,708 to €44,011
- Reserves +€33,529
up €33,529 (+25.2%), from €132,807 to €166,336
- Debts after one year +€20,000
new in 2025: €20,000
- Tax, wage and social debts +€6,164
up €6,164 (+26.1%), from €23,622 to €29,786
of which Taxes: +€8,728
- Gross operating margin +€32,082
up €32,082 (+38.7%), from €82,874 to €114,956
- Taxes +€9,037
up €9,037 (+231.2%), from €3,908 to €12,945
- Staff costs +€3,285
up €3,285 (+5.1%), from €64,065 to €67,351
- Financial charges -€2,337
down €2,337 (-49.3%), from €4,745 to €2,408
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
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 | €231,562 | €279,640 | +€48,078 | +20.8% |
| Fixed assets | 21/28 | €3,581 | €2,574 | -€1,007 | -28.1% |
| Tangible fixed assets | 22/27 | €2,231 | €1,224 | -€1,007 | -45.1% |
| Plant, machinery and equipment | 23 | €2,231 | €1,224 | -€1,007 | -45.1% |
| Financial fixed assets | 28 | €1,350 | €1,350 | = | 0.0% |
| Current assets | 29/58 | €227,981 | €277,065 | +€49,085 | +21.5% |
| Stocks and contracts in progress | 3 | €84,662 | €17,919 | -€66,743 | -78.8% |
| Stocks | 30/36 | €16,278 | €17,919 | +€1,640 | +10.1% |
| Contracts in progress | 37 | €68,383 | - | -€68,383 | |
| Amounts receivable within one year | 40/41 | €96,270 | €158,996 | +€62,726 | +65.2% |
| Trade receivables | 40 | €57,794 | €85,197 | +€27,404 | +47.4% |
| Other amounts receivable | 41 | €38,477 | €73,799 | +€35,322 | +91.8% |
| Cash at bank and in hand | 54/58 | €43,842 | €93,235 | +€49,393 | +112.7% |
| Deferred charges and accrued income | 490/1 | €3,207 | €6,916 | +€3,709 | +115.6% |
| Total equity and liabilities | 10/49 | €231,562 | €279,640 | +€48,078 | +20.8% |
| Equity | 10/15 | €139,007 | €172,536 | +€33,529 | +24.1% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €132,807 | €166,336 | +€33,529 | +25.2% |
| Distributable reserves | 133 | €132,807 | €166,336 | +€33,529 | +25.2% |
| Amounts payable | 17/49 | €92,555 | €107,103 | +€14,549 | +15.7% |
| Amounts payable after more than one year | 17 | - | €20,000 | +€20,000 | |
| Financial debts | 170/4 | - | €20,000 | +€20,000 | |
| Amounts payable within one year | 42/48 | €78,421 | €77,669 | -€752 | -1.0% |
| Trade debts | 44 | €3,708 | €44,011 | +€40,303 | +1086.9% |
| Suppliers | 440/4 | €3,708 | €44,011 | +€40,303 | +1086.9% |
| Advances received on contracts in progress | 46 | €3,304 | - | -€3,304 | |
| Taxes, remuneration and social security | 45 | €23,622 | €29,786 | +€6,164 | +26.1% |
| Taxes | 450/3 | €6,614 | €15,342 | +€8,728 | +132.0% |
| Remuneration and social security | 454/9 | €17,008 | €14,444 | -€2,564 | -15.1% |
| Other amounts payable | 47/48 | €47,787 | €3,872 | -€43,914 | -91.9% |
| Accrued charges and deferred income | 492/3 | €14,134 | €9,435 | -€4,699 | -33.2% |
| Remuneration, social security and pensions | 62 | €64,065 | €67,351 | +€3,285 | +5.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,233 | €1,007 | -€226 | -18.3% |
| Other operating charges | 640/8 | €249 | €160 | -€89 | -35.7% |
| Gross operating margin | 9900 | €82,874 | €114,956 | +€32,082 | +38.7% |
| Operating profit (loss) | 9901 | €17,327 | €46,439 | +€29,112 | +168.0% |
| Financial income | 75/76B | €1,298 | €2,444 | +€1,145 | +88.2% |
| Recurring financial income | 75 | €1,298 | €2,444 | +€1,145 | +88.2% |
| Financial charges | 65/66B | €4,745 | €2,408 | -€2,337 | -49.3% |
| Recurring financial charges | 65 | €4,745 | €2,408 | -€2,337 | -49.3% |
| Profit (loss) for the period before taxes | 9903 | €13,880 | €46,474 | +€32,594 | +234.8% |
| Income taxes | 67/77 | €3,908 | €12,945 | +€9,037 | +231.2% |
| Profit (loss) for the period | 9904 | €9,972 | €33,529 | +€23,557 | +236.2% |
| Profit (loss) for the period to be appropriated | 9905 | €9,972 | €33,529 | +€23,557 | +236.2% |
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 12 October 2026 via checked.be.