SOLID INVESTMENTS BELGIUM: what changed
Two financial 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 INVESTMENTS BELGIUM
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
-€66,212
2024 · -€63,985-€2,227
Equity
€1.8m
2024 · €1.9m-€66,212
Cash
€21,198
2024 · €48,024-€26,826
Balance sheet total
€2.7m
2024 · €2.7m-€50,984
Largest movements
Assets
- Receivables within one year -€29,136
down €29,136 (-36.3%), from €80,169 to €51,032
of which Other amounts receivable: -€22,717
Equity and liabilities
- Profit (loss) carried forward -€66,212
down €66,212 (-40.8%), from -€162,364 to -€228,576
Income statement
- Financial charges -€23,927
down €23,927 (-41.9%), from €57,139 to €33,212
- Financial income -€21,920
down €21,920 (-93.4%), from €23,479 to €1,559
- Depreciation +€3,383
up €3,383 (+12.1%), from €28,008 to €31,391
- Other operating charges +€1,176
up €1,176 (+49.2%), from €2,389 to €3,565
- Gross operating margin +€349
up €349 (+114%), from €306 to €655
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
-€63,985
Gross operating margin
+€349
Depreciation
-€3,383
Other operating charges
-€1,176
Financial income
-€21,920
Financial charges
+€23,927
Taxes
-€24
Result 2025
-€66,212
raises the resultlowers the result
Derived cash bridge
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
+€8,309
Investment
-€35,134
Financing
€0
Cash 2024
€48,024
From operations (derived)
+€8,309
Net result for the year
-€66,212
Depreciation
+€31,391
Receivables within one year
+€29,136
Deferred charges and accrued income
-€1,234
Trade debts
+€1,463
Tax, wage and social debts
-€6,810
Other debts
+€20,576
Investment (derived)
-€35,134
Investment in fixed assets (net)
-€34,438
Current investments
-€696
Cash 2025
€21,198
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,734,965 | €2,683,981 | -€50,984 | -1.9% |
| Fixed assets | 21/28 | €2,066,261 | €2,069,308 | +€3,047 | +0.1% |
| Tangible fixed assets | 22/27 | €2,066,261 | €2,069,308 | +€3,047 | +0.1% |
| Land and buildings | 22 | €2,055,719 | €2,034,631 | -€21,088 | -1.0% |
| Furniture and vehicles | 24 | €10,542 | €34,677 | +€24,135 | +229% |
| Current assets | 29/58 | €668,705 | €614,673 | -€54,031 | -8.1% |
| Stocks and contracts in progress | 3 | €457,844 | €457,844 | = | 0.0% |
| Stocks | 30/36 | €457,844 | €457,844 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €80,169 | €51,032 | -€29,136 | -36.3% |
| Trade receivables | 40 | €7,286 | €866 | -€6,420 | -88.1% |
| Other amounts receivable | 41 | €72,883 | €50,166 | -€22,717 | -31.2% |
| Current investments | 50/53 | €82,246 | €82,942 | +€696 | +0.8% |
| Cash at bank and in hand | 54/58 | €48,024 | €21,198 | -€26,826 | -55.9% |
| Deferred charges and accrued income | 490/1 | €422 | €1,657 | +€1,234 | +292% |
| Total equity and liabilities | 10/49 | €2,734,965 | €2,683,981 | -€50,984 | -1.9% |
| Equity | 10/15 | €1,874,951 | €1,808,738 | -€66,212 | -3.5% |
| Contributions | 10/11 | €2,017,014 | €2,017,014 | = | 0.0% |
| Capital | 10 | €2,017,014 | €2,017,014 | = | 0.0% |
| Issued capital | 100 | €2,017,014 | €2,017,014 | = | 0.0% |
| Reserves | 13 | €20,300 | €20,300 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,495 | €1,495 | = | 0.0% |
| Legal reserve | 130 | €1,495 | €1,495 | = | 0.0% |
| Distributable reserves | 133 | €18,806 | €18,806 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€162,364 | -€228,576 | -€66,212 | -40.8% |
| Amounts payable | 17/49 | €860,015 | €875,243 | +€15,228 | +1.8% |
| Amounts payable after more than one year | 17 | €750,000 | €750,000 | = | 0.0% |
| Other amounts payable | 178/9 | €750,000 | €750,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €110,015 | €125,243 | +€15,228 | +13.8% |
| Trade debts | 44 | €303 | €1,765 | +€1,463 | +483% |
| Suppliers | 440/4 | €303 | €1,765 | +€1,463 | +483% |
| Taxes, remuneration and social security | 45 | €17,083 | €10,273 | -€6,810 | -39.9% |
| Taxes | 450/3 | €17,083 | €10,273 | -€6,810 | -39.9% |
| Other amounts payable | 47/48 | €92,629 | €113,204 | +€20,576 | +22.2% |
| Non-recurring operating income | 76A | €207 | €1,653 | +€1,446 | +700% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €28,008 | €31,391 | +€3,383 | +12.1% |
| Other operating charges | 640/8 | €2,389 | €3,565 | +€1,176 | +49.2% |
| Gross operating margin | 9900 | €306 | €655 | +€349 | +114% |
| Operating profit (loss) | 9901 | -€30,091 | -€34,301 | -€4,210 | -14.0% |
| Financial income | 75/76B | €23,479 | €1,559 | -€21,920 | -93.4% |
| Recurring financial income | 75 | €23,479 | €1,559 | -€21,920 | -93.4% |
| Financial charges | 65/66B | €57,139 | €33,212 | -€23,927 | -41.9% |
| Recurring financial charges | 65 | €57,139 | €33,212 | -€23,927 | -41.9% |
| Profit (loss) for the period before taxes | 9903 | -€63,751 | -€65,954 | -€2,204 | -3.5% |
| Income taxes | 67/77 | €234 | €258 | +€24 | +10.2% |
| Profit (loss) for the period | 9904 | -€63,985 | -€66,212 | -€2,227 | -3.5% |
| Profit (loss) for the period to be appropriated | 9905 | -€63,985 | -€66,212 | -€2,227 | -3.5% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 October 2026 via checked.be.