SOLID INVEST: 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 INVEST
Largest movements
- Receivables within one year -€18,478
down €18,478 (-52.8%), from €34,970 to €16,491
of which Other amounts receivable: -€18,478
- Cash -€11,039
down €11,039 (-70.6%), from €15,642 to €4,603
mainly Net result for the year (-€47,368) and Current portion of long-term debt (-€17,819)
- Tangible fixed assets -€7,264
down €7,264 (-2.5%), from €285,476 to €278,212
of which Land and buildings: -€7,879
- Profit (loss) carried forward -€47,368
down €47,368 (-15.9%), from -€297,673 to -€345,041
- Other debts +€30,008
new in 2025: €30,008
- Current portion of long-term debt -€17,819
down €17,819 (-44.5%), from €40,008 to €22,189
- Debts after one year -€3,744
down €3,744 (-2.3%), from €162,201 to €158,456
- Gross operating margin +€3,309
up €3,309 (+10.0%), from -€33,000 to -€29,692
- Other operating charges -€894
down €894 (-29.9%), from €2,989 to €2,096
- Depreciation +€440
up €440 (+5.4%), from €8,144 to €8,584
- Financial charges -€350
down €350 (-4.2%), from €8,262 to €7,912
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 | €339,288 | €302,506 | -€36,781 | -10.8% |
| Formation expenses | 20 | €0 | €0 | = | |
| Fixed assets | 21/28 | €288,676 | €281,412 | -€7,264 | -2.5% |
| Tangible fixed assets | 22/27 | €285,476 | €278,212 | -€7,264 | -2.5% |
| Land and buildings | 22 | €284,946 | €277,068 | -€7,879 | -2.8% |
| Plant, machinery and equipment | 23 | €0 | €0 | = | |
| Furniture and vehicles | 24 | €530 | €1,145 | +€615 | +116.2% |
| Financial fixed assets | 28 | €3,200 | €3,200 | = | 0.0% |
| Current assets | 29/58 | €50,612 | €21,094 | -€29,518 | -58.3% |
| Amounts receivable within one year | 40/41 | €34,970 | €16,491 | -€18,478 | -52.8% |
| Trade receivables | 40 | €14,941 | €14,941 | = | 0.0% |
| Other amounts receivable | 41 | €20,029 | €1,551 | -€18,478 | -92.3% |
| Cash at bank and in hand | 54/58 | €15,642 | €4,603 | -€11,039 | -70.6% |
| Total equity and liabilities | 10/49 | €339,288 | €302,506 | -€36,781 | -10.8% |
| Equity | 10/15 | €42,071 | -€5,297 | -€47,368 | |
| Contributions | 10/11 | €64,987 | €64,987 | = | 0.0% |
| Capital | 10 | €64,987 | €64,987 | = | 0.0% |
| Issued capital | 100 | €64,987 | €64,987 | = | 0.0% |
| Reserves | 13 | €274,757 | €274,757 | = | 0.0% |
| Non-distributable reserves | 130/1 | €3,099 | €3,099 | = | 0.0% |
| Legal reserve | 130 | €3,099 | €3,099 | = | 0.0% |
| Tax-exempt reserves | 132 | €271,658 | €271,658 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€297,673 | -€345,041 | -€47,368 | -15.9% |
| Provisions and deferred taxes | 16 | €90,553 | €90,553 | = | 0.0% |
| Deferred taxes | 168 | €90,553 | €90,553 | = | 0.0% |
| Amounts payable | 17/49 | €206,664 | €217,250 | +€10,587 | +5.1% |
| Amounts payable after more than one year | 17 | €162,201 | €158,456 | -€3,744 | -2.3% |
| Financial debts | 170/4 | €162,201 | €158,456 | -€3,744 | -2.3% |
| Amounts payable within one year | 42/48 | €44,463 | €58,794 | +€14,331 | +32.2% |
| Current portion of amounts payable after more than one year | 42 | €40,008 | €22,189 | -€17,819 | -44.5% |
| Trade debts | 44 | €4,455 | €6,598 | +€2,142 | +48.1% |
| Suppliers | 440/4 | €4,455 | €6,598 | +€2,142 | +48.1% |
| Other amounts payable | 47/48 | - | €30,008 | +€30,008 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,144 | €8,584 | +€440 | +5.4% |
| Other operating charges | 640/8 | €2,989 | €2,096 | -€894 | -29.9% |
| Gross operating margin | 9900 | -€33,000 | -€29,692 | +€3,309 | +10.0% |
| Operating profit (loss) | 9901 | -€44,134 | -€40,371 | +€3,763 | +8.5% |
| Financial income | 75/76B | €1,021 | €915 | -€106 | -10.4% |
| Recurring financial income | 75 | €1,021 | €915 | -€106 | -10.4% |
| Non-recurring financial income | 76B | - | €915 | +€915 | |
| Financial charges | 65/66B | €8,262 | €7,912 | -€350 | -4.2% |
| Recurring financial charges | 65 | €8,262 | €7,912 | -€350 | -4.2% |
| Profit (loss) for the period before taxes | 9903 | -€51,375 | -€47,368 | +€4,007 | +7.8% |
| Profit (loss) for the period | 9904 | -€51,375 | -€47,368 | +€4,007 | +7.8% |
| Profit (loss) for the period to be appropriated | 9905 | -€51,375 | -€47,368 | +€4,007 | +7.8% |
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 29 September 2026 via checked.be.