Solid-Property: 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.
What changed
Solid-Property
NACE 71.111, Activities of building architects
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
-€574,166
2024 · €814,248-€1.4m
Equity
€2.8m
2024 · €3.7m-€874,166
Cash
€342,717
2024 · €347,840-€5,123
Balance sheet total
€22.6m
2024 · €13.4m+€9.2m
Largest movements
Assets
- Receivables within one year +€6.9m
up €6.9m (+319.2%), from €2.2m to €9.1m
of which Trade receivables: +€6.9m
- Stocks and contracts +€2.2m
up €2.2m (+21.1%), from €10.5m to €12.7m
Equity and liabilities
- Short-term financial debts +€10.0m
up €10.0m (+208.7%), from €4.8m to €14.8m
- Trade debts +€1.5m
up €1.5m (+56.0%), from €2.7m to €4.2m
- Other debts -€992,658
down €992,658 (-66.9%), from €1.5m to €490,904
- Reserves -€934,629
down €934,629 (-72.4%), from €1.3m to €355,680
of which Tax-exempt reserves: -€934,629
- Provisions -€311,543
no longer reported in 2025 (was €311,543)
Income statement
- Turnover +€889,477
up €889,477 (+11.3%), from €7.9m to €8.8m
- Goods and materials +€223,002
up €223,002 (+3.5%), from €6.3m to €6.5m
of which Change in stocks: decrease (increase): +€920,927
- Financial income +€190,646
up €190,646 (+111339.2%), from €171 to €190,817
of which Financial income: +€108,622
- Taxes +€155,259
up €155,259 (+1260.6%), from €12,316 to €167,575
- Financial charges +€131,613
up €131,613 (+21.9%), from €601,298 to €732,911
of which Non-recurring financial charges: +€134,281
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
€814,248
Turnover
+€889,477
Other operating income
+€12,656
Goods and materials
-€223,002
Services and other goods
+€36,062
Staff costs
+€48,142
Depreciation
-€31,766
Other operating charges
+€3,632
Other operating items
-€2.7m
Financial income
+€190,646
Financial charges
-€131,613
Taxes
-€155,259
Deferred taxes and other
+€623,086
Result 2025
-€574,166
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.
From operations
-€9.5m
Investment
-€135,175
Financing
+€9.6m
Cash 2024
€347,840
From operations (derived)
-€9.5m
Net result for the year
-€574,166
Depreciation
+€67,205
Stocks and contracts
-€2.2m
Receivables within one year
-€6.9m
Smaller working-capital items
-€6,565
Provisions
-€311,543
Trade debts
+€1.5m
Other debts
-€992,658
Investment (derived)
-€135,175
Investment in fixed assets (net)
-€135,175
Financing
+€9.6m
Debts after one year
-€94,097
Current portion of long-term debt
-€5,815
Short-term financial debts
+€10.0m
Contributions, distributions and other
-€300,000
Cash 2025
€342,717
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €13,408,905 | €22,638,600 | +€9.2m | +68.8% |
| Fixed assets | 21/28 | €377,145 | €445,115 | +€67,970 | +18.0% |
| Tangible fixed assets | 22/27 | €253,001 | €441,715 | +€188,713 | +74.6% |
| Land and buildings | 22 | €243,202 | €434,724 | +€191,522 | +78.8% |
| Plant, machinery and equipment | 23 | €378 | €2,819 | +€2,441 | +646.0% |
| Furniture and vehicles | 24 | €9,422 | €4,172 | -€5,250 | -55.7% |
| Financial fixed assets | 28 | €124,144 | €3,400 | -€120,744 | -97.3% |
| Other financial fixed assets | 284/8 | €124,144 | €3,400 | -€120,744 | -97.3% |
| Amounts receivable and cash guarantees | 285/8 | €124,144 | €3,400 | -€120,744 | -97.3% |
| Current assets | 29/58 | €13,031,760 | €22,193,485 | +€9.2m | +70.3% |
| Stocks and contracts in progress | 3 | €10,495,857 | €12,709,047 | +€2.2m | +21.1% |
| Stocks | 30/36 | €10,495,857 | €12,709,047 | +€2.2m | +21.1% |
| Property held for sale | 35 | €10,495,857 | €12,709,047 | +€2.2m | +21.1% |
| Amounts receivable within one year | 40/41 | €2,176,183 | €9,122,493 | +€6.9m | +319.2% |
| Trade receivables | 40 | €416,496 | €7,333,189 | +€6.9m | +1660.7% |
| Other amounts receivable | 41 | €1,759,688 | €1,789,304 | +€29,616 | +1.7% |
| Cash at bank and in hand | 54/58 | €347,840 | €342,717 | -€5,123 | -1.5% |
| Deferred charges and accrued income | 490/1 | €11,880 | €19,228 | +€7,347 | +61.8% |
| Total equity and liabilities | 10/49 | €13,408,905 | €22,638,600 | +€9.2m | +68.8% |
| Equity | 10/15 | €3,677,039 | €2,802,873 | -€874,166 | -23.8% |
| Contributions | 10/11 | €62,500 | €62,500 | = | 0.0% |
| Capital | 10 | €62,500 | €62,500 | = | 0.0% |
| Issued capital | 100 | €62,500 | €62,500 | = | 0.0% |
| Reserves | 13 | €1,290,309 | €355,680 | -€934,629 | -72.4% |
| Non-distributable reserves | 130/1 | €6,250 | €6,250 | = | 0.0% |
| Legal reserve | 130 | €6,250 | €6,250 | = | 0.0% |
| Tax-exempt reserves | 132 | €1,284,059 | €349,430 | -€934,629 | -72.8% |
| Profit (loss) carried forward | 14 | €2,324,230 | €2,384,693 | +€60,463 | +2.6% |
| Provisions and deferred taxes | 16 | €311,543 | - | -€311,543 | |
| Deferred taxes | 168 | €311,543 | - | -€311,543 | |
| Amounts payable | 17/49 | €9,420,323 | €19,835,727 | +€10.4m | +110.6% |
| Amounts payable after more than one year | 17 | €260,769 | €166,672 | -€94,097 | -36.1% |
| Financial debts | 170/4 | €260,769 | €166,672 | -€94,097 | -36.1% |
| Credit institutions | 173 | €260,769 | €166,672 | -€94,097 | -36.1% |
| Amounts payable within one year | 42/48 | €9,159,554 | €19,669,055 | +€10.5m | +114.7% |
| Current portion of amounts payable after more than one year | 42 | €99,913 | €94,097 | -€5,815 | -5.8% |
| Financial debts | 43 | €4,784,438 | €14,770,188 | +€10.0m | +208.7% |
| Credit institutions | 430/8 | €4,784,438 | €14,770,188 | +€10.0m | +208.7% |
| Trade debts | 44 | €2,715,336 | €4,236,777 | +€1.5m | +56.0% |
| Suppliers | 440/4 | €2,715,336 | €4,236,777 | +€1.5m | +56.0% |
| Advances received on contracts in progress | 46 | - | €12,100 | +€12,100 | |
| Taxes, remuneration and social security | 45 | €76,306 | €64,988 | -€11,318 | -14.8% |
| Taxes | 450/3 | €18,243 | €12,626 | -€5,617 | -30.8% |
| Remuneration and social security | 454/9 | €58,063 | €52,362 | -€5,701 | -9.8% |
| Other amounts payable | 47/48 | €1,483,562 | €490,904 | -€992,658 | -66.9% |
| Operating income | 70/76A | €9,210,037 | €8,848,608 | -€361,429 | -3.9% |
| Turnover | 70 | €7,863,519 | €8,752,996 | +€889,477 | +11.3% |
| Other operating income | 74 | €82,957 | €95,613 | +€12,656 | +15.3% |
| Non-recurring operating income | 76A | €1,263,562 | - | -€1.3m | |
| Operating charges | 60/66A | €7,470,803 | €9,024,649 | +€1.6m | +20.8% |
| Goods for resale, raw materials and consumables | 60 | €6,313,815 | €6,536,817 | +€223,002 | +3.5% |
| Purchases | 600/8 | €9,447,933 | €8,750,008 | -€697,925 | -7.4% |
| Change in stocks: decrease (increase) | 609 | -€3,134,118 | -€2,213,191 | +€920,927 | +29.4% |
| Services and other goods | 61 | €565,139 | €529,077 | -€36,062 | -6.4% |
| Remuneration, social security and pensions | 62 | €530,151 | €482,009 | -€48,142 | -9.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €35,439 | €67,205 | +€31,766 | +89.6% |
| Other operating charges | 640/8 | €26,258 | €22,627 | -€3,632 | -13.8% |
| Non-recurring operating charges | 66A | - | €1,386,916 | +€1.4m | |
| Operating profit (loss) | 9901 | €1,739,234 | -€176,041 | -€1.9m | |
| Financial income | 75/76B | €171 | €190,817 | +€190,646 | +111339.2% |
| Recurring financial income | 75 | €171 | €108,793 | +€108,622 | +63436.0% |
| Income from financial fixed assets | 750 | - | €94,875 | +€94,875 | |
| Income from current assets | 751 | €0 | €13 | +€13 | +18471.4% |
| Other financial income | 752/9 | €171 | €13,905 | +€13,734 | +8024.0% |
| Non-recurring financial income | 76B | - | €82,025 | +€82,025 | |
| Financial charges | 65/66B | €601,298 | €732,911 | +€131,613 | +21.9% |
| Recurring financial charges | 65 | €509,079 | €506,411 | -€2,669 | -0.5% |
| Debt charges | 650 | €488,583 | €450,194 | -€38,389 | -7.9% |
| Other financial charges | 652/9 | €20,496 | €56,217 | +€35,720 | +174.3% |
| Non-recurring financial charges | 66B | €92,219 | €226,500 | +€134,281 | +145.6% |
| Profit (loss) for the period before taxes | 9903 | €1,138,107 | -€718,134 | -€1.9m | |
| Transfer from deferred taxes | 780 | - | €311,543 | +€311,543 | |
| Transfer to deferred taxes | 680 | €311,543 | - | -€311,543 | |
| Income taxes | 67/77 | €12,316 | €167,575 | +€155,259 | +1260.6% |
| Taxes | 670/3 | €12,316 | €167,575 | +€155,259 | +1260.6% |
| Profit (loss) for the period | 9904 | €814,248 | -€574,166 | -€1.4m | |
| Transfer from tax-exempt reserves | 789 | - | €934,629 | +€934,629 | |
| Transfer to tax-exempt reserves | 689 | €934,629 | - | -€934,629 | |
| Profit (loss) for the period to be appropriated | 9905 | -€120,381 | €360,463 | +€480,844 |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 28 September 2026 via checked.be.