SOLID SYSTEMS: 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 SYSTEMS
Largest movements
- Current investments -€458,846
down €458,846 (-39.9%), from €1.2m to €691,734
- Cash +€168,039
up €168,039 (+75.4%), from €222,882 to €390,921
mainly Current investments (+€458,846) and Net result for the year (+€279,570)
- Other debts -€393,631
down €393,631 (-66.2%), from €594,515 to €200,883
- Reserves +€97,156
up €97,156 (+8.8%), from €1.1m to €1.2m
of which Distributable reserves: +€97,156
- Tax, wage and social debts -€27,924
down €27,924 (-28.3%), from €98,835 to €70,911
of which Taxes: -€33,684
- Gross operating margin +€110,375
up €110,375 (+29.9%), from €369,364 to €479,739
- Staff costs +€32,395
up €32,395 (+90.5%), from €35,812 to €68,207
- Financial income -€27,253
down €27,253 (-46.2%), from €58,973 to €31,720
- Taxes +€14,981
up €14,981 (+13.4%), from €112,028 to €127,009
- Financial charges +€6,707
up €6,707 (+513%), from €1,307 to €8,013
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 | €1,843,193 | €1,517,982 | -€325,211 | -17.6% |
| Fixed assets | 21/28 | €65,369 | €47,084 | -€18,286 | -28.0% |
| Tangible fixed assets | 22/27 | €65,369 | €47,084 | -€18,286 | -28.0% |
| Plant, machinery and equipment | 23 | €10,133 | €8,404 | -€1,730 | -17.1% |
| Furniture and vehicles | 24 | €17,074 | €5,889 | -€11,185 | -65.5% |
| Other tangible fixed assets | 26 | €38,162 | €32,791 | -€5,371 | -14.1% |
| Current assets | 29/58 | €1,777,824 | €1,470,898 | -€306,926 | -17.3% |
| Stocks and contracts in progress | 3 | €36,240 | €35,376 | -€864 | -2.4% |
| Stocks | 30/36 | €36,240 | €35,376 | -€864 | -2.4% |
| Amounts receivable within one year | 40/41 | €347,464 | €343,651 | -€3,813 | -1.1% |
| Trade receivables | 40 | €347,464 | €343,651 | -€3,813 | -1.1% |
| Current investments | 50/53 | €1,150,580 | €691,734 | -€458,846 | -39.9% |
| Cash at bank and in hand | 54/58 | €222,882 | €390,921 | +€168,039 | +75.4% |
| Deferred charges and accrued income | 490/1 | €20,658 | €9,217 | -€11,441 | -55.4% |
| Total equity and liabilities | 10/49 | €1,843,193 | €1,517,982 | -€325,211 | -17.6% |
| Equity | 10/15 | €1,119,084 | €1,216,239 | +€97,156 | +8.7% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €1,100,492 | €1,197,647 | +€97,156 | +8.8% |
| Tax-exempt reserves | 132 | €37,737 | €37,737 | = | 0.0% |
| Distributable reserves | 133 | €1,062,755 | €1,159,911 | +€97,156 | +9.1% |
| Amounts payable | 17/49 | €724,110 | €301,743 | -€422,367 | -58.3% |
| Amounts payable within one year | 42/48 | €724,110 | €284,815 | -€439,294 | -60.7% |
| Trade debts | 44 | €30,760 | €13,021 | -€17,739 | -57.7% |
| Suppliers | 440/4 | €30,760 | €13,021 | -€17,739 | -57.7% |
| Taxes, remuneration and social security | 45 | €98,835 | €70,911 | -€27,924 | -28.3% |
| Taxes | 450/3 | €90,785 | €57,101 | -€33,684 | -37.1% |
| Remuneration and social security | 454/9 | €8,050 | €13,811 | +€5,760 | +71.6% |
| Other amounts payable | 47/48 | €594,515 | €200,883 | -€393,631 | -66.2% |
| Accrued charges and deferred income | 492/3 | - | €16,928 | +€16,928 | |
| Remuneration, social security and pensions | 62 | €35,812 | €68,207 | +€32,395 | +90.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €27,763 | €23,915 | -€3,847 | -13.9% |
| Other operating charges | 640/8 | €1,587 | €4,744 | +€3,157 | +199% |
| Gross operating margin | 9900 | €369,364 | €479,739 | +€110,375 | +29.9% |
| Operating profit (loss) | 9901 | €304,203 | €382,873 | +€78,670 | +25.9% |
| Financial income | 75/76B | €58,973 | €31,720 | -€27,253 | -46.2% |
| Recurring financial income | 75 | €58,973 | €31,720 | -€27,253 | -46.2% |
| Financial charges | 65/66B | €1,307 | €8,013 | +€6,707 | +513% |
| Recurring financial charges | 65 | €1,307 | €8,013 | +€6,707 | +513% |
| Profit (loss) for the period before taxes | 9903 | €361,869 | €406,580 | +€44,711 | +12.4% |
| Income taxes | 67/77 | €112,028 | €127,009 | +€14,981 | +13.4% |
| Profit (loss) for the period | 9904 | €249,841 | €279,570 | +€29,730 | +11.9% |
| Profit (loss) for the period to be appropriated | 9905 | €249,841 | €279,570 | +€29,730 | +11.9% |
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 20 October 2026 via checked.be.