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
- Stocks and contracts +€1.6m
new in 2025: €1.6m
- Cash -€435,794
down €435,794 (-96.3%), from €452,530 to €16,736
mainly Stocks and contracts (-€1.6m) and Debts after one year (-€270,072)
- Tangible fixed assets -€143,131
down €143,131 (-2.8%), from €5.1m to €4.9m
- Short-term financial debts +€1.2m
new in 2025: €1.2m
- Debts after one year -€270,072
down €270,072 (-7.5%), from €3.6m to €3.3m
of which Financial debts: -€270,072
- Other debts +€89,246
up €89,246 (+673.4%), from €13,254 to €102,500
- Financial income -€850,000
no longer reported in 2025 (was €850,000)
- Gross operating margin -€498,758
down €498,758 (-59.1%), from €844,329 to €345,571
- Taxes -€175,286
down €175,286 (-88.5%), from €198,166 to €22,880
- Depreciation -€133,244
down €133,244 (-48.2%), from €276,375 to €143,131
- Financial charges -€54,757
down €54,757 (-33.7%), from €162,265 to €107,508
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 | €6,472,561 | €7,443,125 | +€970,564 | +15.0% |
| Fixed assets | 21/28 | €5,937,525 | €5,794,394 | -€143,131 | -2.4% |
| Tangible fixed assets | 22/27 | €5,062,525 | €4,919,394 | -€143,131 | -2.8% |
| Land and buildings | 22 | €5,062,525 | €4,919,394 | -€143,131 | -2.8% |
| Financial fixed assets | 28 | €875,000 | €875,000 | = | 0.0% |
| Current assets | 29/58 | €535,036 | €1,648,731 | +€1.1m | +208.2% |
| Stocks and contracts in progress | 3 | - | €1,585,000 | +€1.6m | |
| Stocks | 30/36 | - | €1,585,000 | +€1.6m | |
| Amounts receivable within one year | 40/41 | €82,506 | €46,995 | -€35,511 | -43.0% |
| Trade receivables | 40 | €57,500 | - | -€57,500 | |
| Other amounts receivable | 41 | €25,006 | €46,995 | +€21,989 | +87.9% |
| Cash at bank and in hand | 54/58 | €452,530 | €16,736 | -€435,794 | -96.3% |
| Total equity and liabilities | 10/49 | €6,472,561 | €7,443,125 | +€970,564 | +15.0% |
| Equity | 10/15 | €2,372,207 | €2,420,956 | +€48,749 | +2.1% |
| Contributions | 10/11 | €6,250 | €6,250 | = | 0.0% |
| Reserves | 13 | €2,365,957 | €2,414,706 | +€48,749 | +2.1% |
| Distributable reserves | 133 | €2,365,957 | €2,414,706 | +€48,749 | +2.1% |
| Amounts payable | 17/49 | €4,100,354 | €5,022,169 | +€921,815 | +22.5% |
| Amounts payable after more than one year | 17 | €3,590,245 | €3,320,173 | -€270,072 | -7.5% |
| Financial debts | 170/4 | €3,574,245 | €3,304,173 | -€270,072 | -7.6% |
| Other amounts payable | 178/9 | €16,000 | €16,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €476,189 | €1,667,038 | +€1.2m | +250.1% |
| Current portion of amounts payable after more than one year | 42 | €263,509 | €270,072 | +€6,563 | +2.5% |
| Financial debts | 43 | - | €1,208,000 | +€1.2m | |
| Credit institutions | 430/8 | - | €1,208,000 | +€1.2m | |
| Trade debts | 44 | €47,032 | €3,425 | -€43,607 | -92.7% |
| Suppliers | 440/4 | €47,032 | €3,425 | -€43,607 | -92.7% |
| Taxes, remuneration and social security | 45 | €152,394 | €83,041 | -€69,353 | -45.5% |
| Taxes | 450/3 | €152,394 | €83,041 | -€69,353 | -45.5% |
| Other amounts payable | 47/48 | €13,254 | €102,500 | +€89,246 | +673.4% |
| Accrued charges and deferred income | 492/3 | €33,920 | €34,958 | +€1,038 | +3.1% |
| Non-recurring operating income | 76A | €436,391 | - | -€436,391 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €276,375 | €143,131 | -€133,244 | -48.2% |
| Other operating charges | 640/8 | €25,801 | €23,303 | -€2,498 | -9.7% |
| Gross operating margin | 9900 | €844,329 | €345,571 | -€498,758 | -59.1% |
| Operating profit (loss) | 9901 | €542,153 | €179,137 | -€363,016 | -67.0% |
| Financial income | 75/76B | €850,000 | - | -€850,000 | |
| Recurring financial income | 75 | €850,000 | - | -€850,000 | |
| Financial charges | 65/66B | €162,265 | €107,508 | -€54,757 | -33.7% |
| Recurring financial charges | 65 | €162,265 | €107,508 | -€54,757 | -33.7% |
| Profit (loss) for the period before taxes | 9903 | €1,229,888 | €71,629 | -€1.2m | -94.2% |
| Income taxes | 67/77 | €198,166 | €22,880 | -€175,286 | -88.5% |
| Profit (loss) for the period | 9904 | €1,031,722 | €48,749 | -€982,973 | -95.3% |
| Profit (loss) for the period to be appropriated | 9905 | €1,031,722 | €48,749 | -€982,973 | -95.3% |
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.