SOLID GROUP: 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 GROUP
Largest movements
- Deferred charges and accrued income -€145,394
down €145,394 (-77.0%), from €188,734 to €43,340
- Cash +€59,248
up €59,248 (+514.4%), from €11,517 to €70,765
mainly Deferred charges and accrued income (+€145,394) and Short-term financial debts (+€84,706)
- Receivables within one year +€26,788
up €26,788 (+40.0%), from €66,941 to €93,730
of which Trade receivables: +€33,329
- Tangible fixed assets -€22,867
down €22,867 (-6.6%), from €344,589 to €321,721
- Accrued charges and deferred income -€127,515
no longer reported in 2025 (was €127,515)
- Short-term financial debts +€84,706
up €84,706 (+553.9%), from €15,294 to €100,000
- Trade debts -€49,423
down €49,423 (-51.3%), from €96,386 to €46,962
- Tax, wage and social debts +€8,912
new in 2025: €8,912
- Gross operating margin -€20,776
down €20,776 (-32.3%), from €64,359 to €43,583
- Depreciation +€9,072
up €9,072 (+36.9%), from €24,609 to €33,681
- Taxes -€6,365
down €6,365 (-61.7%), from €10,313 to €3,948
- Financial charges +€2,480
up €2,480 (+23.3%), from €10,656 to €13,136
- Other operating charges -€1,587
down €1,587 (-33.6%), from €4,727 to €3,139
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 | €713,144 | €624,722 | -€88,422 | -12.4% |
| Fixed assets | 21/28 | €344,589 | €321,721 | -€22,867 | -6.6% |
| Tangible fixed assets | 22/27 | €344,589 | €321,721 | -€22,867 | -6.6% |
| Land and buildings | 22 | €203,842 | €203,405 | -€437 | -0.2% |
| Plant, machinery and equipment | 23 | €44,637 | €39,329 | -€5,308 | -11.9% |
| Furniture and vehicles | 24 | €33,731 | €25,055 | -€8,676 | -25.7% |
| Other tangible fixed assets | 26 | €62,378 | €53,932 | -€8,446 | -13.5% |
| Current assets | 29/58 | €368,555 | €303,001 | -€65,554 | -17.8% |
| Amounts receivable after more than one year | 29 | €96,353 | €90,918 | -€5,434 | -5.6% |
| Other amounts receivable | 291 | €96,353 | €90,918 | -€5,434 | -5.6% |
| Stocks and contracts in progress | 3 | €5,010 | €4,248 | -€762 | -15.2% |
| Stocks | 30/36 | €5,010 | €4,248 | -€762 | -15.2% |
| Amounts receivable within one year | 40/41 | €66,941 | €93,730 | +€26,788 | +40.0% |
| Trade receivables | 40 | €60,245 | €93,573 | +€33,329 | +55.3% |
| Other amounts receivable | 41 | €6,697 | €157 | -€6,540 | -97.7% |
| Cash at bank and in hand | 54/58 | €11,517 | €70,765 | +€59,248 | +514.4% |
| Deferred charges and accrued income | 490/1 | €188,734 | €43,340 | -€145,394 | -77.0% |
| Total equity and liabilities | 10/49 | €713,144 | €624,722 | -€88,422 | -12.4% |
| Equity | 10/15 | €378,885 | €375,279 | -€3,606 | -1.0% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €370,825 | €367,219 | -€3,606 | -1.0% |
| Amounts payable | 17/49 | €334,258 | €249,443 | -€84,815 | -25.4% |
| Amounts payable after more than one year | 17 | €91,115 | €87,510 | -€3,605 | -4.0% |
| Financial debts | 170/4 | €91,115 | €87,510 | -€3,605 | -4.0% |
| Amounts payable within one year | 42/48 | €115,628 | €161,933 | +€46,305 | +40.0% |
| Current portion of amounts payable after more than one year | 42 | €3,453 | €3,605 | +€153 | +4.4% |
| Financial debts | 43 | €15,294 | €100,000 | +€84,706 | +553.9% |
| Credit institutions | 430/8 | €15,294 | €100,000 | +€84,706 | +553.9% |
| Trade debts | 44 | €96,386 | €46,962 | -€49,423 | -51.3% |
| Suppliers | 440/4 | €96,386 | €46,962 | -€49,423 | -51.3% |
| Taxes, remuneration and social security | 45 | - | €8,912 | +€8,912 | |
| Taxes | 450/3 | - | €8,912 | +€8,912 | |
| Other amounts payable | 47/48 | €495 | €2,453 | +€1,957 | +395.1% |
| Accrued charges and deferred income | 492/3 | €127,515 | - | -€127,515 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €24,609 | €33,681 | +€9,072 | +36.9% |
| Other operating charges | 640/8 | €4,727 | €3,139 | -€1,587 | -33.6% |
| Gross operating margin | 9900 | €64,359 | €43,583 | -€20,776 | -32.3% |
| Operating profit (loss) | 9901 | €35,023 | €6,763 | -€28,261 | -80.7% |
| Financial income | 75/76B | €6,377 | €6,716 | +€339 | +5.3% |
| Recurring financial income | 75 | €6,377 | €6,716 | +€339 | +5.3% |
| Financial charges | 65/66B | €10,656 | €13,136 | +€2,480 | +23.3% |
| Recurring financial charges | 65 | €10,656 | €13,136 | +€2,480 | +23.3% |
| Profit (loss) for the period before taxes | 9903 | €30,744 | €342 | -€30,402 | -98.9% |
| Income taxes | 67/77 | €10,313 | €3,948 | -€6,365 | -61.7% |
| Profit (loss) for the period | 9904 | €20,431 | -€3,606 | -€24,037 | |
| Profit (loss) for the period to be appropriated | 9905 | €20,431 | -€3,606 | -€24,037 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.