SOLID SYSTEMS BELGIUM: 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 SYSTEMS BELGIUM
Largest movements
- Receivables within one year -€1.3m
down €1.3m (-63.6%), from €2.1m to €771,031
of which Trade receivables: -€1.3m
- Stocks and contracts -€65,200
down €65,200 (-20.5%), from €318,400 to €253,199
- Cash +€57,592
up €57,592 (+100.5%), from €57,331 to €114,924
mainly Receivables within one year (+€1.3m) and Trade debts (+€71,622)
- Other debts -€1.5m
down €1.5m (-100.0%), from €1.5m to €0
- Accrued charges and deferred income -€96,512
down €96,512 (-54.3%), from €177,884 to €81,372
- Trade debts +€71,622
up €71,622 (+9.9%), from €720,232 to €791,853
- Profit (loss) carried forward +€57,720
up €57,720 (+111.2%), from €51,905 to €109,625
- Tax, wage and social debts +€57,700
up €57,700 (+48.2%), from €119,592 to €177,292
of which Taxes: +€44,919
- Staff costs +€121,474
up €121,474 (+12.1%), from €1.0m to €1.1m
- Gross operating margin +€45,117
up €45,117 (+3.6%), from €1.3m to €1.3m
- Financial charges -€35,342
down €35,342 (-70.9%), from €49,825 to €14,482
- Taxes +€32,689
up €32,689 (+2366.9%), from €1,381 to €34,070
- Write-downs +€14,927
up €14,927, from -€14,927 to €0
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,585,161 | €1,235,604 | -€1.3m | -52.2% |
| Fixed assets | 21/28 | €91,854 | €82,959 | -€8,895 | -9.7% |
| Intangible fixed assets | 21 | €61,585 | €44,785 | -€16,800 | -27.3% |
| Tangible fixed assets | 22/27 | €23,270 | €30,625 | +€7,355 | +31.6% |
| Plant, machinery and equipment | 23 | €6,556 | €21,872 | +€15,316 | +233.6% |
| Furniture and vehicles | 24 | €2,752 | €1,515 | -€1,237 | -45.0% |
| Other tangible fixed assets | 26 | €13,962 | €7,238 | -€6,724 | -48.2% |
| Financial fixed assets | 28 | €7,000 | €7,550 | +€550 | +7.9% |
| Current assets | 29/58 | €2,493,306 | €1,152,644 | -€1.3m | -53.8% |
| Stocks and contracts in progress | 3 | €318,400 | €253,199 | -€65,200 | -20.5% |
| Stocks | 30/36 | €318,400 | €253,199 | -€65,200 | -20.5% |
| Amounts receivable within one year | 40/41 | €2,117,575 | €771,031 | -€1.3m | -63.6% |
| Trade receivables | 40 | €2,099,569 | €770,998 | -€1.3m | -63.3% |
| Other amounts receivable | 41 | €18,006 | €33 | -€17,973 | -99.8% |
| Cash at bank and in hand | 54/58 | €57,331 | €114,924 | +€57,592 | +100.5% |
| Deferred charges and accrued income | 490/1 | €0 | €13,490 | +€13,490 | |
| Total equity and liabilities | 10/49 | €2,585,161 | €1,235,604 | -€1.3m | -52.2% |
| Equity | 10/15 | €72,365 | €130,085 | +€57,720 | +79.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €51,905 | €109,625 | +€57,720 | +111.2% |
| Amounts payable | 17/49 | €2,512,796 | €1,105,518 | -€1.4m | -56.0% |
| Amounts payable within one year | 42/48 | €2,334,911 | €1,024,146 | -€1.3m | -56.1% |
| Trade debts | 44 | €720,232 | €791,853 | +€71,622 | +9.9% |
| Suppliers | 440/4 | €720,232 | €791,853 | +€71,622 | +9.9% |
| Advances received on contracts in progress | 46 | €0 | €55,001 | +€55,001 | |
| Taxes, remuneration and social security | 45 | €119,592 | €177,292 | +€57,700 | +48.2% |
| Taxes | 450/3 | €9,828 | €54,747 | +€44,919 | +457.1% |
| Remuneration and social security | 454/9 | €109,764 | €122,545 | +€12,781 | +11.6% |
| Other amounts payable | 47/48 | €1,495,088 | €0 | -€1.5m | -100.0% |
| Accrued charges and deferred income | 492/3 | €177,884 | €81,372 | -€96,512 | -54.3% |
| Non-recurring operating income | 76A | €11,029 | €1,813 | -€9,216 | -83.6% |
| Remuneration, social security and pensions | 62 | €1,008,081 | €1,129,555 | +€121,474 | +12.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €32,077 | €30,901 | -€1,176 | -3.7% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€14,927 | €0 | +€14,927 | |
| Other operating charges | 640/8 | €9,639 | €22,120 | +€12,481 | +129.5% |
| Non-recurring operating charges | 66A | €4,886 | €12,319 | +€7,432 | +152.1% |
| Gross operating margin | 9900 | €1,256,048 | €1,301,165 | +€45,117 | +3.6% |
| Operating profit (loss) | 9901 | €216,292 | €106,270 | -€110,022 | -50.9% |
| Financial income | 75/76B | €93 | €3 | -€90 | -97.0% |
| Recurring financial income | 75 | €93 | €3 | -€90 | -97.0% |
| Financial charges | 65/66B | €49,825 | €14,482 | -€35,342 | -70.9% |
| Recurring financial charges | 65 | €49,825 | €14,482 | -€35,342 | -70.9% |
| Profit (loss) for the period before taxes | 9903 | €166,560 | €91,790 | -€74,770 | -44.9% |
| Income taxes | 67/77 | €1,381 | €34,070 | +€32,689 | +2366.9% |
| Profit (loss) for the period | 9904 | €165,179 | €57,720 | -€107,459 | -65.1% |
| Profit (loss) for the period to be appropriated | 9905 | €165,179 | €57,720 | -€107,459 | -65.1% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 September 2026 via checked.be.