Solidariteit: 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.
What changed
Solidariteit
NACE 70.200, Business and other management consultancy
financial year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€4.6m
2024 · €101,303+€4.5m
Equity
€58.5m
2024 · €54.7m+€3.8m
Cash
€8.5m
2024 · €4.6m+€3.9m
Balance sheet total
€69.5m
2024 · €66.6m+€2.9m
Largest movements
Assets
- Cash +€3.9m
up €3.9m (+83.4%), from €4.6m to €8.5m
mainly Net result for the year (+€4.6m) and Depreciation (+€3.2m)
- Tangible fixed assets -€3.7m
down €3.7m (-7.3%), from €50.8m to €47.1m
of which Land and buildings: -€3.7m
- Current investments +€2.7m
up €2.7m (+25.0%), from €11.0m to €13.7m
Equity and liabilities
- Profit (loss) carried forward +€4.6m
up €4.6m (+23.1%), from €20.0m to €24.6m
- Debts after one year -€973,250
down €973,250 (-12.8%), from €7.6m to €6.6m
- Investment grants -€846,321
down €846,321 (-26.8%), from €3.2m to €2.3m
Income statement
- Gross operating margin +€3.7m
up €3.7m (+86.2%), from €4.3m to €7.9m
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
€101,303
Gross operating margin
+€3.7m
Depreciation
-€39,057
Other operating charges
-€13,308
Other operating items
+€887,270
Financial income
-€20,070
Financial charges
+€26,458
Result 2025
€4.6m
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
+€7.9m
Investment
-€2.2m
Financing
-€1.8m
Cash 2024
€4.6m
From operations (derived)
+€7.9m
Net result for the year
+€4.6m
Depreciation
+€3.2m
Receivables within one year
-€22,582
Deferred charges and accrued income
-€25,386
Trade debts
+€127,104
Smaller working-capital items
-€2
Investment (derived)
-€2.2m
Investment in fixed assets (net)
+€536,116
Current investments
-€2.7m
Financing
-€1.8m
Debts after one year
-€973,250
Contributions, distributions and other
-€846,321
Cash 2025
€8.5m
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €66,591,549 | €69,519,365 | +€2.9m | +4.4% |
| Fixed assets | 21/28 | €50,831,986 | €47,092,681 | -€3.7m | -7.4% |
| Tangible fixed assets | 22/27 | €50,808,536 | €47,092,681 | -€3.7m | -7.3% |
| Land and buildings | 22 | €50,794,376 | €47,080,599 | -€3.7m | -7.3% |
| Plant, machinery and equipment | 23 | €8,120 | €7,250 | -€870 | -10.7% |
| Furniture and vehicles | 24 | €6,040 | €4,832 | -€1,208 | -20.0% |
| Financial fixed assets | 28 | €23,450 | - | -€23,450 | |
| Current assets | 29/58 | €15,759,563 | €22,426,683 | +€6.7m | +42.3% |
| Amounts receivable within one year | 40/41 | €28,214 | €50,796 | +€22,582 | +80.0% |
| Trade receivables | 40 | €28,214 | €50,796 | +€22,582 | +80.0% |
| Current investments | 50/53 | €10,994,363 | €13,744,059 | +€2.7m | +25.0% |
| Cash at bank and in hand | 54/58 | €4,641,619 | €8,511,076 | +€3.9m | +83.4% |
| Deferred charges and accrued income | 490/1 | €95,366 | €120,753 | +€25,386 | +26.6% |
| Total equity and liabilities | 10/49 | €66,591,549 | €69,519,365 | +€2.9m | +4.4% |
| Equity | 10/15 | €54,736,731 | €58,510,694 | +€3.8m | +6.9% |
| Contributions | 10/11 | €31,556,798 | €31,556,798 | = | 0.0% |
| Capital | 10 | €31,556,798 | €31,556,798 | = | 0.0% |
| Profit (loss) carried forward | 14 | €20,025,784 | €24,646,069 | +€4.6m | +23.1% |
| Investment grants | 15 | €3,154,148 | €2,307,827 | -€846,321 | -26.8% |
| Provisions and deferred taxes | 16 | €2,887,270 | €2,887,270 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €2,887,270 | €2,887,270 | = | 0.0% |
| Major repairs and maintenance | 162 | €2,887,270 | €2,887,270 | = | 0.0% |
| Amounts payable | 17/49 | €8,967,548 | €8,121,401 | -€846,147 | -9.4% |
| Amounts payable after more than one year | 17 | €7,596,057 | €6,622,807 | -€973,250 | -12.8% |
| Financial debts | 170/4 | €7,596,057 | €6,622,807 | -€973,250 | -12.8% |
| Amounts payable within one year | 42/48 | €1,371,394 | €1,498,564 | +€127,170 | +9.3% |
| Current portion of amounts payable after more than one year | 42 | €973,250 | €973,250 | = | 0.0% |
| Trade debts | 44 | €387,278 | €514,382 | +€127,104 | +32.8% |
| Suppliers | 440/4 | €387,278 | €514,382 | +€127,104 | +32.8% |
| Advances received on contracts in progress | 46 | €10,866 | €10,932 | +€66 | +0.6% |
| Accrued charges and deferred income | 492/3 | €97 | €30 | -€67 | -69.1% |
| Non-recurring operating income | 76A | €430,415 | €3,552,925 | +€3.1m | +725.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,164,131 | €3,203,188 | +€39,057 | +1.2% |
| Other operating charges | 640/8 | €43,579 | €56,887 | +€13,308 | +30.5% |
| Gross operating margin | 9900 | €4,266,289 | €7,943,976 | +€3.7m | +86.2% |
| Operating profit (loss) | 9901 | €171,309 | €4,683,901 | +€4.5m | +2634.2% |
| Financial income | 75/76B | €173,918 | €153,848 | -€20,070 | -11.5% |
| Recurring financial income | 75 | €173,918 | €153,848 | -€20,070 | -11.5% |
| Financial charges | 65/66B | €243,923 | €217,465 | -€26,458 | -10.8% |
| Recurring financial charges | 65 | €243,923 | €216,465 | -€27,458 | -11.3% |
| Non-recurring financial charges | 66B | - | €1,000 | +€1,000 | |
| Profit (loss) for the period before taxes | 9903 | €101,303 | €4,620,284 | +€4.5m | +4460.8% |
| Profit (loss) for the period | 9904 | €101,303 | €4,620,284 | +€4.5m | +4460.8% |
| Profit (loss) for the period to be appropriated | 9905 | €101,303 | €4,620,284 | +€4.5m | +4460.8% |
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 12 October 2026 via checked.be.