SOLID INVESTMENT 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 INVESTMENT GROUP
Largest movements
- Stocks and contracts -€206,407
down €206,407 (-50.7%), from €406,986 to €200,580
- Tangible fixed assets -€194,559
down €194,559 (-3.5%), from €5.6m to €5.4m
of which Land and buildings: -€194,559
- Other debts -€247,650
down €247,650 (-54.8%), from €451,507 to €203,857
- Debts after one year -€174,090
down €174,090 (-5.0%), from €3.5m to €3.3m
of which Financial debts: -€174,090
- Current portion of long-term debt +€88,112
up €88,112 (+154.5%), from €57,019 to €145,131
- Trade debts -€76,086
down €76,086 (-27.5%), from €276,730 to €200,644
- Financial charges -€30,443
down €30,443 (-15.5%), from €196,554 to €166,111
- Depreciation +€21,649
up €21,649 (+12.7%), from €170,089 to €191,737
- Gross operating margin +€17,796
up €17,796 (+4.7%), from €377,727 to €395,523
- Staff costs -€7,790
no longer reported in 2025 (was €7,790)
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 | €5,992,390 | €5,597,628 | -€394,762 | -6.6% |
| Fixed assets | 21/28 | €5,550,571 | €5,356,012 | -€194,559 | -3.5% |
| Tangible fixed assets | 22/27 | €5,550,571 | €5,356,012 | -€194,559 | -3.5% |
| Land and buildings | 22 | €5,550,571 | €5,356,012 | -€194,559 | -3.5% |
| Furniture and vehicles | 24 | €0 | €0 | = | |
| Current assets | 29/58 | €441,819 | €241,616 | -€200,204 | -45.3% |
| Stocks and contracts in progress | 3 | €406,986 | €200,580 | -€206,407 | -50.7% |
| Stocks | 30/36 | €406,986 | €200,580 | -€206,407 | -50.7% |
| Amounts receivable within one year | 40/41 | €19,215 | €9,795 | -€9,421 | -49.0% |
| Trade receivables | 40 | - | €175 | +€175 | |
| Other amounts receivable | 41 | €19,215 | €9,620 | -€9,595 | -49.9% |
| Cash at bank and in hand | 54/58 | €11,317 | €28,316 | +€16,998 | +150.2% |
| Deferred charges and accrued income | 490/1 | €4,300 | €2,926 | -€1,374 | -32.0% |
| Total equity and liabilities | 10/49 | €5,992,390 | €5,597,628 | -€394,762 | -6.6% |
| Equity | 10/15 | €1,726,738 | €1,750,055 | +€23,317 | +1.4% |
| Contributions | 10/11 | €40,000 | €40,000 | = | 0.0% |
| Revaluation surpluses | 12 | €1,509,184 | €1,509,184 | = | 0.0% |
| Reserves | 13 | €89,364 | €89,364 | = | 0.0% |
| Non-distributable reserves | 130/1 | €4,000 | €4,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €4,000 | €4,000 | = | 0.0% |
| Distributable reserves | 133 | €85,364 | €85,364 | = | 0.0% |
| Profit (loss) carried forward | 14 | €88,191 | €111,507 | +€23,317 | +26.4% |
| Amounts payable | 17/49 | €4,265,651 | €3,847,573 | -€418,079 | -9.8% |
| Amounts payable after more than one year | 17 | €3,470,160 | €3,296,071 | -€174,090 | -5.0% |
| Financial debts | 170/4 | €3,432,160 | €3,258,071 | -€174,090 | -5.1% |
| Other amounts payable | 178/9 | €38,000 | €38,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €795,491 | €551,502 | -€243,989 | -30.7% |
| Current portion of amounts payable after more than one year | 42 | €57,019 | €145,131 | +€88,112 | +154.5% |
| Financial debts | 43 | €8,365 | - | -€8,365 | |
| Other loans | 439 | €8,365 | - | -€8,365 | |
| Trade debts | 44 | €276,730 | €200,644 | -€76,086 | -27.5% |
| Suppliers | 440/4 | €276,730 | €200,644 | -€76,086 | -27.5% |
| Taxes, remuneration and social security | 45 | €1,870 | €1,870 | = | 0.0% |
| Remuneration and social security | 454/9 | €1,870 | €1,870 | = | 0.0% |
| Other amounts payable | 47/48 | €451,507 | €203,857 | -€247,650 | -54.8% |
| Remuneration, social security and pensions | 62 | €7,790 | - | -€7,790 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €170,089 | €191,737 | +€21,649 | +12.7% |
| Other operating charges | 640/8 | €12,118 | €14,394 | +€2,276 | +18.8% |
| Gross operating margin | 9900 | €377,727 | €395,523 | +€17,796 | +4.7% |
| Operating profit (loss) | 9901 | €187,730 | €189,392 | +€1,662 | +0.9% |
| Financial income | 75/76B | €141 | €35 | -€106 | -75.3% |
| Recurring financial income | 75 | €141 | €35 | -€106 | -75.3% |
| Financial charges | 65/66B | €196,554 | €166,111 | -€30,443 | -15.5% |
| Recurring financial charges | 65 | €196,554 | €166,111 | -€30,443 | -15.5% |
| Profit (loss) for the period before taxes | 9903 | -€8,682 | €23,317 | +€31,999 | |
| Income taxes | 67/77 | €2,256 | - | -€2,256 | |
| Profit (loss) for the period | 9904 | -€10,938 | €23,317 | +€34,255 | |
| Profit (loss) for the period to be appropriated | 9905 | -€10,938 | €23,317 | +€34,255 |
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 4 October 2026 via checked.be.