SOLID INTERNATIONAL: 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.
What changed
SOLID INTERNATIONAL
NACE 46.832, Wholesale of timber
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€179,544
2024 · €145,879+€33,665
Equity
€1.3m
2024 · €1.1m+€179,544
Cash
€40,540
2024 · €68,861-€28,321
Balance sheet total
€3.2m
2024 · €3.2m-€3,003
Largest movements
Assets
- Stocks and contracts +€386,905
up €386,905 (+28.0%), from €1.4m to €1.8m
- Receivables within one year -€345,086
down €345,086 (-29.5%), from €1.2m to €826,426
of which Trade receivables: -€350,086
Equity and liabilities
- Debts after one year +€726,702
up €726,702 (+1123.6%), from €64,676 to €791,378
- Short-term financial debts -€500,000
down €500,000 (-100.0%), from €500,000 to €0
- Trade debts -€322,686
down €322,686 (-38.7%), from €833,795 to €511,109
- Tax, wage and social debts -€187,412
down €187,412 (-33.2%), from €565,154 to €377,741
of which Taxes: -€139,603
- Reserves +€179,544
up €179,544 (+18.0%), from €1.0m to €1.2m
of which Distributable reserves: +€179,544
Income statement
- Goods and materials -€279,411
down €279,411 (-3.5%), from €7.9m to €7.6m
of which Change in stocks: decrease (increase): -€916,201
- Staff costs -€122,328
down €122,328 (-14.4%), from €847,914 to €725,586
- Financial charges +€122,097
up €122,097 (+63.7%), from €191,650 to €313,747
- Turnover -€116,715
down €116,715 (-1.1%), from €10.5m to €10.4m
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.
Result 2024
€145,879
Turnover
-€116,715
Other operating income
-€19,930
Goods and materials
+€279,411
Services and other goods
-€52,394
Staff costs
+€122,328
Depreciation
-€15,815
Other operating charges
+€1,954
Other operating items
-€45,327
Financial income
+€23,645
Financial charges
-€122,097
Taxes
-€21,396
Result 2025
€179,544
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.
From operations
-€184,715
Investment
-€152,813
Financing
+€309,207
Cash 2024
€68,861
From operations (derived)
-€184,715
Net result for the year
+€179,544
Depreciation
+€163,319
Stocks and contracts
-€386,905
Receivables within one year
+€345,086
Deferred charges and accrued income
+€5,995
Trade debts
-€322,686
Tax, wage and social debts
-€187,412
Advances received
+€5,142
Accrued charges and deferred income
+€13,202
Investment (derived)
-€152,813
Investment in fixed assets (net)
-€152,813
Financing
+€309,207
Debts after one year
+€726,702
Current portion of long-term debt
+€82,505
Short-term financial debts
-€500,000
Cash 2025
€40,540
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €3,196,036 | €3,193,033 | -€3,003 | -0.1% |
| Fixed assets | 21/28 | €568,279 | €557,774 | -€10,505 | -1.8% |
| Intangible fixed assets | 21 | €242,802 | €230,249 | -€12,553 | -5.2% |
| Tangible fixed assets | 22/27 | €322,785 | €327,525 | +€4,740 | +1.5% |
| Land and buildings | 22 | €10,873 | €10,103 | -€770 | -7.1% |
| Plant, machinery and equipment | 23 | €71,194 | €83,799 | +€12,604 | +17.7% |
| Furniture and vehicles | 24 | €62,255 | €132,581 | +€70,325 | +113.0% |
| Other tangible fixed assets | 26 | €178,463 | €101,042 | -€77,420 | -43.4% |
| Financial fixed assets | 28 | €2,692 | €0 | -€2,692 | -100.0% |
| Other financial fixed assets | 284/8 | €2,692 | €0 | -€2,692 | -100.0% |
| Amounts receivable and cash guarantees | 285/8 | €2,692 | €0 | -€2,692 | -100.0% |
| Current assets | 29/58 | €2,627,757 | €2,635,259 | +€7,502 | +0.3% |
| Stocks and contracts in progress | 3 | €1,381,388 | €1,768,293 | +€386,905 | +28.0% |
| Stocks | 30/36 | €1,381,388 | €1,768,293 | +€386,905 | +28.0% |
| Goods purchased for resale | 34 | €1,381,388 | €1,768,293 | +€386,905 | +28.0% |
| Amounts receivable within one year | 40/41 | €1,171,512 | €826,426 | -€345,086 | -29.5% |
| Trade receivables | 40 | €1,171,512 | €821,426 | -€350,086 | -29.9% |
| Other amounts receivable | 41 | - | €5,000 | +€5,000 | |
| Cash at bank and in hand | 54/58 | €68,861 | €40,540 | -€28,321 | -41.1% |
| Deferred charges and accrued income | 490/1 | €5,995 | €0 | -€5,995 | -100.0% |
| Total equity and liabilities | 10/49 | €3,196,036 | €3,193,033 | -€3,003 | -0.1% |
| Equity | 10/15 | €1,138,120 | €1,317,664 | +€179,544 | +15.8% |
| Contributions | 10/11 | €138,000 | €138,000 | = | 0.0% |
| Capital | 10 | €138,000 | €138,000 | = | 0.0% |
| Issued capital | 100 | €138,000 | €138,000 | = | 0.0% |
| Reserves | 13 | €1,000,120 | €1,179,664 | +€179,544 | +18.0% |
| Non-distributable reserves | 130/1 | €13,800 | €13,800 | = | 0.0% |
| Legal reserve | 130 | €13,800 | €13,800 | = | 0.0% |
| Distributable reserves | 133 | €986,320 | €1,165,864 | +€179,544 | +18.2% |
| Amounts payable | 17/49 | €2,057,916 | €1,875,369 | -€182,547 | -8.9% |
| Amounts payable after more than one year | 17 | €64,676 | €791,378 | +€726,702 | +1123.6% |
| Financial debts | 170/4 | €64,676 | €791,378 | +€726,702 | +1123.6% |
| Credit institutions | 173 | €31,411 | €17,580 | -€13,830 | -44.0% |
| Other loans | 174 | €33,265 | €773,798 | +€740,533 | +2226.2% |
| Amounts payable within one year | 42/48 | €1,948,521 | €1,026,070 | -€922,451 | -47.3% |
| Current portion of amounts payable after more than one year | 42 | €38,110 | €120,615 | +€82,505 | +216.5% |
| Financial debts | 43 | €500,000 | €0 | -€500,000 | -100.0% |
| Credit institutions | 430/8 | €500,000 | €0 | -€500,000 | -100.0% |
| Trade debts | 44 | €833,795 | €511,109 | -€322,686 | -38.7% |
| Suppliers | 440/4 | €833,795 | €511,109 | -€322,686 | -38.7% |
| Advances received on contracts in progress | 46 | €11,462 | €16,604 | +€5,142 | +44.9% |
| Taxes, remuneration and social security | 45 | €565,154 | €377,741 | -€187,412 | -33.2% |
| Taxes | 450/3 | €478,610 | €339,006 | -€139,603 | -29.2% |
| Remuneration and social security | 454/9 | €86,544 | €38,735 | -€47,809 | -55.2% |
| Other amounts payable | 47/48 | €0 | - | = | |
| Accrued charges and deferred income | 492/3 | €44,719 | €57,921 | +€13,202 | +29.5% |
| Operating income | 70/76A | €10,562,030 | €10,432,221 | -€129,809 | -1.2% |
| Turnover | 70 | €10,475,992 | €10,359,277 | -€116,715 | -1.1% |
| Other operating income | 74 | €53,682 | €33,752 | -€19,930 | -37.1% |
| Non-recurring operating income | 76A | €32,356 | €39,193 | +€6,837 | +21.1% |
| Operating charges | 60/66A | €10,178,034 | €9,894,712 | -€283,322 | -2.8% |
| Goods for resale, raw materials and consumables | 60 | €7,879,211 | €7,599,800 | -€279,411 | -3.5% |
| Purchases | 600/8 | €7,349,915 | €7,986,704 | +€636,790 | +8.7% |
| Change in stocks: decrease (increase) | 609 | €529,296 | -€386,905 | -€916,201 | |
| Services and other goods | 61 | €1,277,035 | €1,329,429 | +€52,394 | +4.1% |
| Remuneration, social security and pensions | 62 | €847,914 | €725,586 | -€122,328 | -14.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €147,504 | €163,319 | +€15,815 | +10.7% |
| Other operating charges | 640/8 | €26,370 | €24,416 | -€1,954 | -7.4% |
| Non-recurring operating charges | 66A | - | €52,163 | +€52,163 | |
| Operating profit (loss) | 9901 | €383,996 | €537,509 | +€153,513 | +40.0% |
| Financial income | 75/76B | €13,903 | €37,548 | +€23,645 | +170.1% |
| Recurring financial income | 75 | €13,903 | €37,548 | +€23,645 | +170.1% |
| Other financial income | 752/9 | €13,903 | €37,548 | +€23,645 | +170.1% |
| Financial charges | 65/66B | €191,650 | €313,747 | +€122,097 | +63.7% |
| Recurring financial charges | 65 | €191,650 | €313,747 | +€122,097 | +63.7% |
| Debt charges | 650 | €152,619 | €198,437 | +€45,818 | +30.0% |
| Other financial charges | 652/9 | €39,031 | €115,309 | +€76,278 | +195.4% |
| Profit (loss) for the period before taxes | 9903 | €206,249 | €261,310 | +€55,061 | +26.7% |
| Income taxes | 67/77 | €60,370 | €81,766 | +€21,396 | +35.4% |
| Taxes | 670/3 | €60,370 | €81,766 | +€21,396 | +35.4% |
| Profit (loss) for the period | 9904 | €145,879 | €179,544 | +€33,665 | +23.1% |
| Profit (loss) for the period to be appropriated | 9905 | €145,879 | €179,544 | +€33,665 | +23.1% |
Source: filed annual accounts (NBB), fiscal years ended 31 July 2024 and 31 July 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.