Solid Real Estate: 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 Real Estate
NACE 68.121, Development of residential building projects
fiscal year 2023 against 2024filed annual accounts (NBB)
Net result for the year
€12,854
2023 · €301,883-€289,029
Equity
€12.3m
2023 · €12.3m+€12,854
Cash
€155,777
2023 · €869,845-€714,068
Balance sheet total
€14.8m
2023 · €14.8m+€64,490
Largest movements
Assets
- Stocks and contracts +€1.6m
up €1.6m (+15.7%), from €10.2m to €11.8m
of which Stocks: +€1.5m
- Receivables within one year -€817,069
down €817,069 (-22.2%), from €3.7m to €2.9m
of which Other amounts receivable: -€822,947
- Cash -€714,068
down €714,068 (-82.1%), from €869,845 to €155,777
mainly Stocks and contracts (-€1.6m) and Trade debts (-€128,468)
Equity and liabilities
- Other debts +€175,616
up €175,616 (+63.4%), from €276,995 to €452,611
Income statement
- Turnover -€31.1m
down €31.1m (-98.1%), from €31.7m to €615,831
- Goods and materials -€5.3m
down €5.3m (-91.4%), from €5.8m to €504,163
of which Purchases: -€3.1m
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.
Result 2023
€301,883
Turnover
-€31.1m
Goods and materials
+€5.3m
Services and other goods
-€18,807
Other operating charges
-€707
Other operating items
+€25.3m
Financial income
+€12,731
Financial charges
-€340
Taxes
+€186,878
Result 2024
€12,854
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.
From operations
-€714,068
Investment
€0
Financing
€0
Cash 2023
€869,845
From operations (derived)
-€714,068
Net result for the year
+€12,854
Stocks and contracts
-€1.6m
Receivables within one year
+€817,069
Deferred charges and accrued income
+€6,942
Trade debts
-€128,468
Tax, wage and social debts
+€4,488
Other debts
+€175,616
Cash 2024
€155,777
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €14,768,921 | €14,833,411 | +€64,490 | +0.4% |
| Fixed assets | 21/28 | €18,575 | €18,575 | = | 0.0% |
| Financial fixed assets | 28 | €18,575 | €18,575 | = | 0.0% |
| Affiliated companies | 280/1 | €18,575 | €18,575 | = | 0.0% |
| Participating interests | 280 | €18,575 | €18,575 | = | 0.0% |
| Current assets | 29/58 | €14,750,346 | €14,814,836 | +€64,490 | +0.4% |
| Stocks and contracts in progress | 3 | €10,189,713 | €11,792,282 | +€1.6m | +15.7% |
| Stocks | 30/36 | €10,189,713 | €11,641,911 | +€1.5m | +14.3% |
| Property held for sale | 35 | €10,189,713 | €11,641,911 | +€1.5m | +14.3% |
| Contracts in progress | 37 | - | €150,371 | +€150,371 | |
| Amounts receivable within one year | 40/41 | €3,678,603 | €2,861,534 | -€817,069 | -22.2% |
| Trade receivables | 40 | €315,610 | €321,488 | +€5,878 | +1.9% |
| Other amounts receivable | 41 | €3,362,993 | €2,540,046 | -€822,947 | -24.5% |
| Cash at bank and in hand | 54/58 | €869,845 | €155,777 | -€714,068 | -82.1% |
| Deferred charges and accrued income | 490/1 | €12,185 | €5,243 | -€6,942 | -57.0% |
| Total equity and liabilities | 10/49 | €14,768,921 | €14,833,411 | +€64,490 | +0.4% |
| Equity | 10/15 | €12,282,216 | €12,295,070 | +€12,854 | +0.1% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €6,200 | €6,200 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Profit (loss) carried forward | 14 | €12,214,016 | €12,226,870 | +€12,854 | +0.1% |
| Amounts payable | 17/49 | €2,486,705 | €2,538,341 | +€51,636 | +2.1% |
| Amounts payable within one year | 42/48 | €2,486,705 | €2,538,341 | +€51,636 | +2.1% |
| Trade debts | 44 | €2,203,783 | €2,075,315 | -€128,468 | -5.8% |
| Suppliers | 440/4 | €2,203,783 | €2,075,315 | -€128,468 | -5.8% |
| Taxes, remuneration and social security | 45 | €5,927 | €10,415 | +€4,488 | +75.7% |
| Taxes | 450/3 | €5,927 | €10,415 | +€4,488 | +75.7% |
| Other amounts payable | 47/48 | €276,995 | €452,611 | +€175,616 | +63.4% |
| Operating income | 70/76A | €6,623,194 | €822,177 | -€5.8m | -87.6% |
| Turnover | 70 | €31,743,868 | €615,831 | -€31.1m | -98.1% |
| Change in stocks of work in progress, finished goods and contracts in progress | 71 | -€25,120,674 | €206,346 | +€25.3m | |
| Operating charges | 60/66A | €6,184,614 | €871,895 | -€5.3m | -85.9% |
| Goods for resale, raw materials and consumables | 60 | €5,836,396 | €504,163 | -€5.3m | -91.4% |
| Purchases | 600/8 | €5,095,471 | €1,956,361 | -€3.1m | -61.6% |
| Change in stocks: decrease (increase) | 609 | €740,925 | -€1,452,198 | -€2.2m | |
| Services and other goods | 61 | €333,590 | €352,397 | +€18,807 | +5.6% |
| Other operating charges | 640/8 | €14,628 | €15,335 | +€707 | +4.8% |
| Operating profit (loss) | 9901 | €438,580 | -€49,718 | -€488,298 | |
| Financial income | 75/76B | €68,628 | €81,359 | +€12,731 | +18.6% |
| Recurring financial income | 75 | €68,628 | €81,359 | +€12,731 | +18.6% |
| Income from financial fixed assets | 750 | €2,913 | €5,112 | +€2,199 | +75.5% |
| Income from current assets | 751 | €65,715 | €76,247 | +€10,532 | +16.0% |
| Financial charges | 65/66B | €6,573 | €6,913 | +€340 | +5.2% |
| Recurring financial charges | 65 | €6,573 | €6,913 | +€340 | +5.2% |
| Debt charges | 650 | - | €90 | +€90 | |
| Other financial charges | 652/9 | €6,573 | €6,823 | +€250 | +3.8% |
| Profit (loss) for the period before taxes | 9903 | €500,635 | €24,728 | -€475,907 | -95.1% |
| Income taxes | 67/77 | €198,752 | €11,874 | -€186,878 | -94.0% |
| Taxes | 670/3 | €198,752 | €11,874 | -€186,878 | -94.0% |
| Profit (loss) for the period | 9904 | €301,883 | €12,854 | -€289,029 | -95.7% |
| Profit (loss) for the period to be appropriated | 9905 | €301,883 | €12,854 | -€289,029 | -95.7% |
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 29 September 2026 via checked.be.