SOLID IRON BV: 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 IRON BV
Largest movements
- Stocks and contracts +€315,321
up €315,321 (+32.5%), from €968,854 to €1.3m
- Cash +€121,664
up €121,664 (+36.3%), from €335,267 to €456,930
mainly Other debts (+€521,880) and Debts after one year (+€381,825)
- Receivables within one year -€85,996
no longer reported in 2024 (was €85,996)
- Deferred charges and accrued income +€69,712
up €69,712 (+1114.8%), from €6,253 to €75,965
- Tangible fixed assets +€65,746
up €65,746 (+25.0%), from €262,769 to €328,514
of which Other tangible fixed assets: +€52,796
- Other debts +€521,880
up €521,880 (+140.3%), from €372,080 to €893,961
- Debts after one year +€381,825
new in 2024: €381,825
- Trade debts -€372,514
down €372,514 (-86.0%), from €432,994 to €60,479
- Tax, wage and social debts -€130,559
down €130,559 (-17.7%), from €736,063 to €605,504
of which Remuneration and social security: -€81,204
- Short-term financial debts +€57,759
new in 2024: €57,759
- Staff costs -€84,341
down €84,341 (-6.2%), from €1.4m to €1.3m
- Gross operating margin -€76,805
down €76,805 (-4.4%), from €1.7m to €1.7m
- Depreciation +€39,972
up €39,972 (+71.0%), from €56,315 to €96,286
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,895,139 | €2,376,585 | +€481,446 | +25.4% |
| Fixed assets | 21/28 | €498,769 | €559,514 | +€60,746 | +12.2% |
| Tangible fixed assets | 22/27 | €262,769 | €328,514 | +€65,746 | +25.0% |
| Furniture and vehicles | 24 | €4,440 | €17,389 | +€12,949 | +291.6% |
| Other tangible fixed assets | 26 | €258,328 | €311,125 | +€52,796 | +20.4% |
| Financial fixed assets | 28 | €236,000 | €231,000 | -€5,000 | -2.1% |
| Current assets | 29/58 | €1,396,370 | €1,817,071 | +€420,701 | +30.1% |
| Stocks and contracts in progress | 3 | €968,854 | €1,284,175 | +€315,321 | +32.5% |
| Stocks | 30/36 | €968,854 | €1,284,175 | +€315,321 | +32.5% |
| Amounts receivable within one year | 40/41 | €85,996 | - | -€85,996 | |
| Trade receivables | 40 | €85,996 | - | -€85,996 | |
| Cash at bank and in hand | 54/58 | €335,267 | €456,930 | +€121,664 | +36.3% |
| Deferred charges and accrued income | 490/1 | €6,253 | €75,965 | +€69,712 | +1114.8% |
| Total equity and liabilities | 10/49 | €1,895,139 | €2,376,585 | +€481,446 | +25.4% |
| Equity | 10/15 | €313,539 | €365,767 | +€52,227 | +16.7% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €307,339 | €359,567 | +€52,227 | +17.0% |
| Distributable reserves | 133 | €307,339 | €359,567 | +€52,227 | +17.0% |
| Amounts payable | 17/49 | €1,581,600 | €2,010,818 | +€429,219 | +27.1% |
| Amounts payable after more than one year | 17 | - | €381,825 | +€381,825 | |
| Financial debts | 170/4 | - | €381,825 | +€381,825 | |
| Amounts payable within one year | 42/48 | €1,541,137 | €1,622,471 | +€81,334 | +5.3% |
| Current portion of amounts payable after more than one year | 42 | - | €4,767 | +€4,767 | |
| Financial debts | 43 | - | €57,759 | +€57,759 | |
| Credit institutions | 430/8 | - | €57,759 | +€57,759 | |
| Trade debts | 44 | €432,994 | €60,479 | -€372,514 | -86.0% |
| Suppliers | 440/4 | €432,994 | €60,479 | -€372,514 | -86.0% |
| Taxes, remuneration and social security | 45 | €736,063 | €605,504 | -€130,559 | -17.7% |
| Taxes | 450/3 | €422,514 | €373,159 | -€49,355 | -11.7% |
| Remuneration and social security | 454/9 | €313,549 | €232,345 | -€81,204 | -25.9% |
| Other amounts payable | 47/48 | €372,080 | €893,961 | +€521,880 | +140.3% |
| Accrued charges and deferred income | 492/3 | €40,463 | €6,523 | -€33,940 | -83.9% |
| Remuneration, social security and pensions | 62 | €1,369,600 | €1,285,259 | -€84,341 | -6.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €56,315 | €96,286 | +€39,972 | +71.0% |
| Other operating charges | 640/8 | €105,453 | €111,200 | +€5,747 | +5.4% |
| Non-recurring operating charges | 66A | - | €47,479 | +€47,479 | |
| Gross operating margin | 9900 | €1,737,960 | €1,661,155 | -€76,805 | -4.4% |
| Operating profit (loss) | 9901 | €206,593 | €120,932 | -€85,661 | -41.5% |
| Financial income | 75/76B | €151 | €5,639 | +€5,488 | +3636.0% |
| Recurring financial income | 75 | €151 | €5,639 | +€5,488 | +3636.0% |
| Non-recurring financial income | 76B | - | €5,639 | +€5,639 | |
| Financial charges | 65/66B | €12,379 | €27,860 | +€15,481 | +125.1% |
| Recurring financial charges | 65 | €12,379 | €27,860 | +€15,481 | +125.1% |
| Profit (loss) for the period before taxes | 9903 | €194,365 | €98,711 | -€95,654 | -49.2% |
| Income taxes | 67/77 | €46,066 | €46,484 | +€418 | +0.9% |
| Profit (loss) for the period | 9904 | €148,299 | €52,227 | -€96,071 | -64.8% |
| Profit (loss) for the period to be appropriated | 9905 | €148,299 | €52,227 | -€96,071 | -64.8% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 1 October 2026 via checked.be.