SOLID HR: 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 HR
Largest movements
- Cash -€36,151
down €36,151 (-29.3%), from €123,377 to €87,225
mainly Other debts (-€82,353) and Debts after one year (-€16,050)
- Tangible fixed assets -€17,577
down €17,577 (-22.0%), from €79,843 to €62,266
of which Furniture and vehicles: -€17,894
- Receivables within one year +€3,994
up €3,994 (+20.9%), from €19,142 to €23,136
of which Other amounts receivable: +€5,753
- Other debts -€82,353
no longer reported in 2025 (was €82,353)
- Reserves +€50,180
up €50,180 (+89.4%), from €56,159 to €106,339
- Debts after one year -€16,050
down €16,050 (-30.1%), from €53,286 to €37,236
- Gross operating margin -€32,634
down €32,634 (-26.5%), from €123,051 to €90,416
- Taxes -€5,836
down €5,836 (-29.5%), from €19,788 to €13,952
- Depreciation +€2,930
up €2,930 (+15.3%), from €19,147 to €22,077
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 | €223,942 | €174,859 | -€49,083 | -21.9% |
| Fixed assets | 21/28 | €79,843 | €62,266 | -€17,577 | -22.0% |
| Tangible fixed assets | 22/27 | €79,843 | €62,266 | -€17,577 | -22.0% |
| Plant, machinery and equipment | 23 | €5,775 | €6,092 | +€317 | +5.5% |
| Furniture and vehicles | 24 | €74,068 | €56,174 | -€17,894 | -24.2% |
| Current assets | 29/58 | €144,099 | €112,593 | -€31,506 | -21.9% |
| Amounts receivable within one year | 40/41 | €19,142 | €23,136 | +€3,994 | +20.9% |
| Trade receivables | 40 | €18,847 | €17,088 | -€1,760 | -9.3% |
| Other amounts receivable | 41 | €295 | €6,048 | +€5,753 | +1953.3% |
| Cash at bank and in hand | 54/58 | €123,377 | €87,225 | -€36,151 | -29.3% |
| Deferred charges and accrued income | 490/1 | €1,580 | €2,231 | +€651 | +41.2% |
| Total equity and liabilities | 10/49 | €223,942 | €174,859 | -€49,083 | -21.9% |
| Equity | 10/15 | €66,159 | €116,339 | +€50,180 | +75.8% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Reserves | 13 | €56,159 | €106,339 | +€50,180 | +89.4% |
| Distributable reserves | 133 | €56,159 | €106,339 | +€50,180 | +89.4% |
| Amounts payable | 17/49 | €157,783 | €58,519 | -€99,263 | -62.9% |
| Amounts payable after more than one year | 17 | €53,286 | €37,236 | -€16,050 | -30.1% |
| Financial debts | 170/4 | €53,286 | €37,236 | -€16,050 | -30.1% |
| Amounts payable within one year | 42/48 | €104,032 | €20,890 | -€83,142 | -79.9% |
| Current portion of amounts payable after more than one year | 42 | €15,373 | €16,050 | +€676 | +4.4% |
| Trade debts | 44 | €718 | €830 | +€112 | +15.5% |
| Suppliers | 440/4 | €718 | €830 | +€112 | +15.5% |
| Taxes, remuneration and social security | 45 | €5,587 | €4,011 | -€1,577 | -28.2% |
| Taxes | 450/3 | €5,587 | €4,011 | -€1,577 | -28.2% |
| Other amounts payable | 47/48 | €82,353 | - | -€82,353 | |
| Accrued charges and deferred income | 492/3 | €465 | €393 | -€72 | -15.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €19,147 | €22,077 | +€2,930 | +15.3% |
| Other operating charges | 640/8 | €1,630 | €1,285 | -€345 | -21.1% |
| Gross operating margin | 9900 | €123,051 | €90,416 | -€32,634 | -26.5% |
| Operating profit (loss) | 9901 | €102,274 | €67,055 | -€35,220 | -34.4% |
| Financial charges | 65/66B | €3,148 | €2,923 | -€226 | -7.2% |
| Recurring financial charges | 65 | €3,148 | €2,923 | -€226 | -7.2% |
| Profit (loss) for the period before taxes | 9903 | €99,126 | €64,132 | -€34,994 | -35.3% |
| Income taxes | 67/77 | €19,788 | €13,952 | -€5,836 | -29.5% |
| Profit (loss) for the period | 9904 | €79,338 | €50,180 | -€29,158 | -36.8% |
| Profit (loss) for the period to be appropriated | 9905 | €79,338 | €50,180 | -€29,158 | -36.8% |
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 7 October 2026 via checked.be.