SOLID LUMMEN: 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 LUMMEN
Largest movements
- Tangible fixed assets -€92,768
down €92,768 (-4.2%), from €2.2m to €2.1m
of which Land and buildings: -€92,624
- Receivables within one year +€32,319
up €32,319 (+31.3%), from €103,150 to €135,470
of which Trade receivables: +€41,374
- Debts after one year -€126,847
down €126,847 (-6.3%), from €2.0m to €1.9m
of which Financial debts: -€126,847
- Profit (loss) carried forward +€63,734
up €63,734 (+85.1%), from €74,893 to €138,628
- Gross operating margin -€11,235
down €11,235 (-4.1%), from €271,798 to €260,564
- Write-downs -€7,657
no longer reported in 2025 (was €7,657)
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,356,060 | €2,272,237 | -€83,823 | -3.6% |
| Fixed assets | 21/28 | €2,213,191 | €2,120,422 | -€92,768 | -4.2% |
| Tangible fixed assets | 22/27 | €2,213,191 | €2,120,422 | -€92,768 | -4.2% |
| Land and buildings | 22 | €2,212,827 | €2,120,203 | -€92,624 | -4.2% |
| Plant, machinery and equipment | 23 | €364 | €219 | -€144 | -39.7% |
| Current assets | 29/58 | €142,869 | €151,814 | +€8,945 | +6.3% |
| Amounts receivable within one year | 40/41 | €103,150 | €135,470 | +€32,319 | +31.3% |
| Trade receivables | 40 | €89,000 | €130,374 | +€41,374 | +46.5% |
| Other amounts receivable | 41 | €14,151 | €5,096 | -€9,055 | -64.0% |
| Cash at bank and in hand | 54/58 | €25,908 | €8,957 | -€16,951 | -65.4% |
| Deferred charges and accrued income | 490/1 | €13,811 | €7,388 | -€6,423 | -46.5% |
| Total equity and liabilities | 10/49 | €2,356,060 | €2,272,237 | -€83,823 | -3.6% |
| Equity | 10/15 | €140,593 | €204,328 | +€63,734 | +45.3% |
| Contributions | 10/11 | €63,000 | €63,000 | = | 0.0% |
| Capital | 10 | €63,000 | €63,000 | = | 0.0% |
| Issued capital | 100 | €63,000 | €63,000 | = | 0.0% |
| Reserves | 13 | €2,700 | €2,700 | = | 0.0% |
| Non-distributable reserves | 130/1 | €2,700 | €2,700 | = | 0.0% |
| Legal reserve | 130 | €2,700 | €2,700 | = | 0.0% |
| Profit (loss) carried forward | 14 | €74,893 | €138,628 | +€63,734 | +85.1% |
| Amounts payable | 17/49 | €2,215,466 | €2,067,909 | -€147,557 | -6.7% |
| Amounts payable after more than one year | 17 | €2,022,495 | €1,895,648 | -€126,847 | -6.3% |
| Financial debts | 170/4 | €1,830,361 | €1,703,514 | -€126,847 | -6.9% |
| Other amounts payable | 178/9 | €192,134 | €192,134 | = | 0.0% |
| Amounts payable within one year | 42/48 | €174,050 | €154,205 | -€19,846 | -11.4% |
| Current portion of amounts payable after more than one year | 42 | €140,004 | €140,004 | = | 0.0% |
| Trade debts | 44 | €29,023 | €6,964 | -€22,059 | -76.0% |
| Suppliers | 440/4 | €29,023 | €6,964 | -€22,059 | -76.0% |
| Taxes, remuneration and social security | 45 | €5,023 | €7,237 | +€2,214 | +44.1% |
| Taxes | 450/3 | €5,023 | €7,237 | +€2,214 | +44.1% |
| Accrued charges and deferred income | 492/3 | €18,921 | €18,056 | -€864 | -4.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €92,772 | €92,768 | -€3 | 0.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €7,657 | - | -€7,657 | |
| Other operating charges | 640/8 | €17,518 | €18,164 | +€646 | +3.7% |
| Gross operating margin | 9900 | €271,798 | €260,564 | -€11,235 | -4.1% |
| Operating profit (loss) | 9901 | €153,851 | €149,631 | -€4,220 | -2.7% |
| Financial income | 75/76B | €9 | €316 | +€307 | +3,391% |
| Recurring financial income | 75 | €9 | €316 | +€307 | +3,391% |
| Financial charges | 65/66B | €64,464 | €64,809 | +€345 | +0.5% |
| Recurring financial charges | 65 | €64,464 | €64,809 | +€345 | +0.5% |
| Profit (loss) for the period before taxes | 9903 | €89,396 | €85,138 | -€4,258 | -4.8% |
| Income taxes | 67/77 | €22,349 | €21,404 | -€945 | -4.2% |
| Profit (loss) for the period | 9904 | €67,047 | €63,734 | -€3,313 | -4.9% |
| Profit (loss) for the period to be appropriated | 9905 | €67,047 | €63,734 | -€3,313 | -4.9% |
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 22 October 2026 via checked.be.