Solid Land Trust: 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.
Solid Land Trust
Largest movements
- Receivables within one year +€4.0m
up €4.0m (+56.3%), from €7.1m to €11.1m
of which Other amounts receivable: +€3.9m
- Cash -€386,576
down €386,576 (-91.4%), from €422,982 to €36,406
mainly Receivables within one year (-€4.0m) and Stocks and contracts (-€126,675)
- Debts after one year +€2.4m
new in 2024: €2.4m
- Current portion of long-term debt +€1.0m
new in 2024: €1.0m
- Profit (loss) carried forward +€326,608
up €326,608 (+2.5%), from €13.2m to €13.5m
- Gross operating margin -€511,467
down €511,467 (-72.4%), from €706,685 to €195,218
- Taxes -€120,096
down €120,096 (-51.9%), from €231,437 to €111,341
- Financial income +€69,782
up €69,782 (+37.5%), from €185,943 to €255,725
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 | €13,404,827 | €17,143,669 | +€3.7m | +27.9% |
| Current assets | 29/58 | €13,404,827 | €17,143,669 | +€3.7m | +27.9% |
| Stocks and contracts in progress | 3 | €5,878,175 | €6,004,850 | +€126,675 | +2.2% |
| Stocks | 30/36 | €5,878,175 | €6,004,850 | +€126,675 | +2.2% |
| Amounts receivable within one year | 40/41 | €7,103,670 | €11,102,413 | +€4.0m | +56.3% |
| Trade receivables | 40 | €564,095 | €613,525 | +€49,430 | +8.8% |
| Other amounts receivable | 41 | €6,539,575 | €10,488,888 | +€3.9m | +60.4% |
| Cash at bank and in hand | 54/58 | €422,982 | €36,406 | -€386,576 | -91.4% |
| Total equity and liabilities | 10/49 | €13,404,827 | €17,143,669 | +€3.7m | +27.9% |
| Equity | 10/15 | €13,174,897 | €13,501,505 | +€326,608 | +2.5% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €13,154,437 | €13,481,045 | +€326,608 | +2.5% |
| Amounts payable | 17/49 | €229,930 | €3,642,164 | +€3.4m | +1484.0% |
| Amounts payable after more than one year | 17 | - | €2,418,000 | +€2.4m | |
| Financial debts | 170/4 | - | €2,418,000 | +€2.4m | |
| Amounts payable within one year | 42/48 | €229,930 | €1,224,164 | +€994,234 | +432.4% |
| Current portion of amounts payable after more than one year | 42 | - | €1,000,000 | +€1.0m | |
| Trade debts | 44 | €51,107 | €41,893 | -€9,214 | -18.0% |
| Suppliers | 440/4 | €51,107 | €41,893 | -€9,214 | -18.0% |
| Taxes, remuneration and social security | 45 | €178,823 | €182,271 | +€3,448 | +1.9% |
| Taxes | 450/3 | €178,823 | €182,271 | +€3,448 | +1.9% |
| Other operating charges | 640/8 | €1,069 | €6,686 | +€5,617 | +525.4% |
| Gross operating margin | 9900 | €706,685 | €195,218 | -€511,467 | -72.4% |
| Operating profit (loss) | 9901 | €705,616 | €188,532 | -€517,084 | -73.3% |
| Financial income | 75/76B | €185,943 | €255,725 | +€69,782 | +37.5% |
| Recurring financial income | 75 | €185,943 | €255,725 | +€69,782 | +37.5% |
| Financial charges | 65/66B | €6,148 | €6,308 | +€160 | +2.6% |
| Recurring financial charges | 65 | €6,148 | €6,308 | +€160 | +2.6% |
| Profit (loss) for the period before taxes | 9903 | €885,411 | €437,949 | -€447,462 | -50.5% |
| Income taxes | 67/77 | €231,437 | €111,341 | -€120,096 | -51.9% |
| Profit (loss) for the period | 9904 | €653,974 | €326,608 | -€327,366 | -50.1% |
| Profit (loss) for the period to be appropriated | 9905 | €653,974 | €326,608 | -€327,366 | -50.1% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 9 October 2026 via checked.be.