SOLIDATH: 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.
SOLIDATH
Largest movements
- Receivables within one year -€70,833
down €70,833 (-7.5%), from €938,837 to €868,004
of which Trade receivables: -€45,153
- Tangible fixed assets -€30,707
down €30,707 (-7.1%), from €430,059 to €399,352
of which Land and buildings: -€40,906
- Cash +€19,021
up €19,021 (+37.3%), from €51,008 to €70,028
mainly Tax, wage and social debts (+€82,918) and Receivables within one year (+€70,833)
- Profit (loss) carried forward -€129,177
down €129,177 (-18.1%), from -€714,878 to -€844,055
- Tax, wage and social debts +€82,918
up €82,918 (+36.4%), from €227,816 to €310,734
of which Remuneration and social security: +€86,365
- Current portion of long-term debt -€45,413
no longer reported in 2025 (was €45,413)
- Trade debts +€35,261
up €35,261 (+30.4%), from €115,894 to €151,155
- Reserves -€27,000
down €27,000 (-1.4%), from €2.0m to €2.0m
of which Tax-exempt reserves: -€27,000
- Gross operating margin -€179,997
down €179,997 (-5.9%), from €3.0m to €2.9m
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.
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 | €1,671,191 | €1,587,781 | -€83,411 | -5.0% |
| Fixed assets | 21/28 | €677,614 | €646,908 | -€30,707 | -4.5% |
| Tangible fixed assets | 22/27 | €430,059 | €399,352 | -€30,707 | -7.1% |
| Land and buildings | 22 | €389,232 | €348,326 | -€40,906 | -10.5% |
| Furniture and vehicles | 24 | €40,826 | €51,026 | +€10,199 | +25.0% |
| Financial fixed assets | 28 | €247,556 | €247,556 | = | 0.0% |
| Current assets | 29/58 | €993,577 | €940,873 | -€52,704 | -5.3% |
| Amounts receivable within one year | 40/41 | €938,837 | €868,004 | -€70,833 | -7.5% |
| Trade receivables | 40 | €334,994 | €289,841 | -€45,153 | -13.5% |
| Other amounts receivable | 41 | €603,842 | €578,163 | -€25,680 | -4.3% |
| Cash at bank and in hand | 54/58 | €51,008 | €70,028 | +€19,021 | +37.3% |
| Deferred charges and accrued income | 490/1 | €3,733 | €2,841 | -€892 | -23.9% |
| Total equity and liabilities | 10/49 | €1,671,191 | €1,587,781 | -€83,411 | -5.0% |
| Equity | 10/15 | €1,282,069 | €1,125,892 | -€156,177 | -12.2% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Contributions outside capital | 11 | €6,200 | €6,200 | = | 0.0% |
| Other | 1109/19 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €1,990,747 | €1,963,747 | -€27,000 | -1.4% |
| Non-distributable reserves | 130/1 | €620 | €620 | = | 0.0% |
| Reserves not available under the articles | 1311 | €620 | €620 | = | 0.0% |
| Tax-exempt reserves | 132 | €1,990,127 | €1,963,127 | -€27,000 | -1.4% |
| Profit (loss) carried forward | 14 | -€714,878 | -€844,055 | -€129,177 | -18.1% |
| Amounts payable | 17/49 | €389,123 | €461,889 | +€72,766 | +18.7% |
| Amounts payable within one year | 42/48 | €389,123 | €461,889 | +€72,766 | +18.7% |
| Current portion of amounts payable after more than one year | 42 | €45,413 | - | -€45,413 | |
| Trade debts | 44 | €115,894 | €151,155 | +€35,261 | +30.4% |
| Suppliers | 440/4 | €115,894 | €151,155 | +€35,261 | +30.4% |
| Taxes, remuneration and social security | 45 | €227,816 | €310,734 | +€82,918 | +36.4% |
| Taxes | 450/3 | €3,446 | - | -€3,446 | |
| Remuneration and social security | 454/9 | €224,369 | €310,734 | +€86,365 | +38.5% |
| Remuneration, social security and pensions | 62 | €2,898,866 | €2,908,228 | +€9,361 | +0.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €57,781 | €59,347 | +€1,566 | +2.7% |
| Other operating charges | 640/8 | €26,189 | €24,344 | -€1,845 | -7.0% |
| Gross operating margin | 9900 | €3,041,742 | €2,861,745 | -€179,997 | -5.9% |
| Operating profit (loss) | 9901 | €58,905 | -€130,174 | -€189,079 | |
| Financial income | 75/76B | €0 | €0 | +€0 | +2900.0% |
| Recurring financial income | 75 | €0 | €0 | +€0 | +2900.0% |
| Financial charges | 65/66B | €5,586 | €8,108 | +€2,522 | +45.1% |
| Recurring financial charges | 65 | €5,586 | €8,108 | +€2,522 | +45.1% |
| Profit (loss) for the period before taxes | 9903 | €53,319 | -€138,282 | -€191,601 | |
| Income taxes | 67/77 | €14,117 | -€9,105 | -€23,221 | |
| Profit (loss) for the period | 9904 | €39,202 | -€129,177 | -€168,379 | |
| Transfer to tax-exempt reserves | 689 | €39,202 | - | -€39,202 | |
| Profit (loss) for the period to be appropriated | 9905 | - | -€129,177 | -€129,177 |
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 11 October 2026 via checked.be.