SOLID SAND: 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 SAND
Largest movements
- Receivables after one year -€320,713
down €320,713 (-100.0%), from €320,713 to €0
- Deferred charges and accrued income -€230,960
down €230,960 (-80.6%), from €286,546 to €55,587
- Receivables within one year +€216,784
up €216,784 (+153.0%), from €141,687 to €358,471
of which Other amounts receivable: +€179,027
- Tangible fixed assets -€30,803
down €30,803 (-2.5%), from €1.2m to €1.2m
of which Land and buildings: -€31,161
- Cash -€23,689
down €23,689 (-68.1%), from €34,775 to €11,086
mainly Receivables within one year (-€216,784) and Net result for the year (-€179,177)
- Profit (loss) carried forward -€179,177
down €179,177 (-64.1%), from -€279,473 to -€458,650
- Debts after one year -€145,885
down €145,885 (-33.8%), from €432,157 to €286,272
- Tax, wage and social debts -€100,919
down €100,919 (-41.9%), from €240,928 to €140,009
of which Taxes: -€100,969
- Current portion of long-term debt +€86,422
up €86,422 (+40.9%), from €211,202 to €297,624
- Other debts -€43,602
down €43,602 (-72.7%), from €60,000 to €16,398
- Gross operating margin -€699,566
down €699,566, from €579,175 to -€120,390
- Taxes -€136,039
down €136,039 (-100.0%), from €136,039 to €0
- Financial income -€32,609
down €32,609 (-71.2%), from €45,809 to €13,200
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 | €2,027,946 | €1,638,565 | -€389,380 | -19.2% |
| Fixed assets | 21/28 | €1,244,196 | €1,213,393 | -€30,803 | -2.5% |
| Tangible fixed assets | 22/27 | €1,243,696 | €1,212,893 | -€30,803 | -2.5% |
| Land and buildings | 22 | €1,229,147 | €1,197,986 | -€31,161 | -2.5% |
| Plant, machinery and equipment | 23 | €2,855 | €5,467 | +€2,613 | +91.5% |
| Furniture and vehicles | 24 | €11,694 | €9,439 | -€2,255 | -19.3% |
| Financial fixed assets | 28 | €500 | €500 | = | 0.0% |
| Current assets | 29/58 | €783,750 | €425,173 | -€358,577 | -45.8% |
| Amounts receivable after more than one year | 29 | €320,713 | €0 | -€320,713 | -100.0% |
| Other amounts receivable | 291 | €320,713 | €0 | -€320,713 | -100.0% |
| Amounts receivable within one year | 40/41 | €141,687 | €358,471 | +€216,784 | +153.0% |
| Trade receivables | 40 | - | €37,758 | +€37,758 | |
| Other amounts receivable | 41 | €141,687 | €320,713 | +€179,027 | +126.4% |
| Current investments | 50/53 | €30 | €30 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €34,775 | €11,086 | -€23,689 | -68.1% |
| Deferred charges and accrued income | 490/1 | €286,546 | €55,587 | -€230,960 | -80.6% |
| Total equity and liabilities | 10/49 | €2,027,946 | €1,638,565 | -€389,380 | -19.2% |
| Equity | 10/15 | €279,247 | €100,070 | -€179,177 | -64.2% |
| Contributions | 10/11 | €25,000 | €25,000 | = | 0.0% |
| Revaluation surpluses | 12 | €507,626 | €496,035 | -€11,591 | -2.3% |
| Reserves | 13 | €26,094 | €37,686 | +€11,591 | +44.4% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €26,094 | €37,686 | +€11,591 | +44.4% |
| Profit (loss) carried forward | 14 | -€279,473 | -€458,650 | -€179,177 | -64.1% |
| Provisions and deferred taxes | 16 | €737,163 | €737,163 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €737,163 | €737,163 | = | 0.0% |
| Pensions and similar obligations | 160 | €712,163 | €712,163 | = | 0.0% |
| Other liabilities and charges | 164/5 | €25,000 | €25,000 | = | 0.0% |
| Amounts payable | 17/49 | €1,011,536 | €801,332 | -€210,204 | -20.8% |
| Amounts payable after more than one year | 17 | €432,157 | €286,272 | -€145,885 | -33.8% |
| Financial debts | 170/4 | €432,157 | €286,272 | -€145,885 | -33.8% |
| Amounts payable within one year | 42/48 | €574,379 | €503,606 | -€70,772 | -12.3% |
| Current portion of amounts payable after more than one year | 42 | €211,202 | €297,624 | +€86,422 | +40.9% |
| Financial debts | 43 | €1,911 | €1,575 | -€336 | -17.6% |
| Credit institutions | 430/8 | €1,911 | €1,575 | -€336 | -17.6% |
| Trade debts | 44 | €60,338 | €48,000 | -€12,338 | -20.4% |
| Suppliers | 440/4 | €60,338 | €48,000 | -€12,338 | -20.4% |
| Taxes, remuneration and social security | 45 | €240,928 | €140,009 | -€100,919 | -41.9% |
| Taxes | 450/3 | €237,008 | €136,039 | -€100,969 | -42.6% |
| Remuneration and social security | 454/9 | €3,920 | €3,970 | +€50 | +1.3% |
| Other amounts payable | 47/48 | €60,000 | €16,398 | -€43,602 | -72.7% |
| Accrued charges and deferred income | 492/3 | €5,000 | €11,454 | +€6,454 | +129.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €39,113 | €40,462 | +€1,349 | +3.4% |
| Other operating charges | 640/8 | €4,171 | €8,257 | +€4,085 | +97.9% |
| Gross operating margin | 9900 | €579,175 | -€120,390 | -€699,566 | |
| Operating profit (loss) | 9901 | €535,891 | -€169,109 | -€705,000 | |
| Financial income | 75/76B | €45,809 | €13,200 | -€32,609 | -71.2% |
| Recurring financial income | 75 | €45,809 | €13,200 | -€32,609 | -71.2% |
| Financial charges | 65/66B | €19,571 | €23,268 | +€3,697 | +18.9% |
| Recurring financial charges | 65 | €19,571 | €23,268 | +€3,697 | +18.9% |
| Profit (loss) for the period before taxes | 9903 | €562,129 | -€179,177 | -€741,306 | |
| Income taxes | 67/77 | €136,039 | €0 | -€136,039 | -100.0% |
| Profit (loss) for the period | 9904 | €426,090 | -€179,177 | -€605,267 | |
| Profit (loss) for the period to be appropriated | 9905 | €426,090 | -€179,177 | -€605,267 |
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 3 October 2026 via checked.be.