SOLIDBETON: 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
SOLIDBETON
NACE 43.350, Other building finishing work
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
-€536,587
2024 · €117,645-€654,233
Equity
€797,333
2024 · €1.3m-€536,587
Cash
€149,721
2024 · €320,767-€171,047
Balance sheet total
€3.5m
2024 · €3.8m-€250,702
Largest movements
Assets
- Cash -€171,047
down €171,047 (-53.3%), from €320,767 to €149,721
mainly Net result for the year (-€536,587) and Debts after one year (-€78,919)
- Tangible fixed assets -€117,722
down €117,722 (-19.8%), from €593,400 to €475,678
Equity and liabilities
- Profit (loss) carried forward -€536,587
down €536,587 (-46.4%), from €1.2m to €621,054
- Trade debts +€354,483
up €354,483 (+57.1%), from €620,983 to €975,466
- Debts after one year -€78,919
down €78,919 (-29.3%), from €269,394 to €190,476
- Provisions -€48,054
down €48,054 (-26.7%), from €180,187 to €132,133
- Short-term financial debts +€46,916
up €46,916 (+4.1%), from €1.2m to €1.2m
Income statement
- Gross operating margin -€699,812
down €699,812 (-44.0%), from €1.6m to €891,866
- Taxes -€36,035
down €36,035 (-99.0%), from €36,397 to €361
- Depreciation -€24,555
down €24,555 (-15.4%), from €159,464 to €134,909
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
€117,645
Gross operating margin
-€699,812
Staff costs
-€859
Depreciation
+€24,555
Write-downs
-€575
Provisions
-€2,371
Other operating charges
-€3,107
Other operating items
-€25,607
Financial income
+€9,561
Financial charges
+€7,946
Taxes
+€36,035
Result 2025
-€536,587
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
-€109,557
Investment
-€17,187
Financing
-€44,303
Cash 2024
€320,767
From operations (derived)
-€109,557
Net result for the year
-€536,587
Depreciation
+€134,909
Stocks and contracts
-€1,399
Receivables within one year
-€26,653
Deferred charges and accrued income
-€10,014
Provisions
-€48,054
Trade debts
+€354,483
Tax, wage and social debts
+€3,535
Advances received
+€9,745
Other debts
+€6,078
Accrued charges and deferred income
+€4,400
Investment (derived)
-€17,187
Investment in fixed assets (net)
-€17,187
Financing
-€44,303
Debts after one year
-€78,919
Current portion of long-term debt
-€12,300
Short-term financial debts
+€46,916
Cash 2025
€149,721
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €3,755,194 | €3,504,492 | -€250,702 | -6.7% |
| Fixed assets | 21/28 | €594,003 | €476,281 | -€117,722 | -19.8% |
| Tangible fixed assets | 22/27 | €593,400 | €475,678 | -€117,722 | -19.8% |
| Land and buildings | 22 | €420,759 | €364,072 | -€56,687 | -13.5% |
| Plant, machinery and equipment | 23 | €59,889 | €41,096 | -€18,793 | -31.4% |
| Furniture and vehicles | 24 | €112,753 | €70,511 | -€42,242 | -37.5% |
| Financial fixed assets | 28 | €603 | €603 | = | 0.0% |
| Current assets | 29/58 | €3,161,191 | €3,028,211 | -€132,980 | -4.2% |
| Amounts receivable after more than one year | 29 | €80,000 | €80,000 | = | 0.0% |
| Trade receivables | 290 | €80,000 | €80,000 | = | 0.0% |
| Stocks and contracts in progress | 3 | €89,000 | €90,399 | +€1,399 | +1.6% |
| Stocks | 30/36 | €89,000 | €90,399 | +€1,399 | +1.6% |
| Amounts receivable within one year | 40/41 | €2,652,767 | €2,679,420 | +€26,653 | +1.0% |
| Trade receivables | 40 | €1,450,383 | €1,446,669 | -€3,714 | -0.3% |
| Other amounts receivable | 41 | €1,202,384 | €1,232,751 | +€30,367 | +2.5% |
| Cash at bank and in hand | 54/58 | €320,767 | €149,721 | -€171,047 | -53.3% |
| Deferred charges and accrued income | 490/1 | €18,657 | €28,671 | +€10,014 | +53.7% |
| Total equity and liabilities | 10/49 | €3,755,194 | €3,504,492 | -€250,702 | -6.7% |
| Equity | 10/15 | €1,333,921 | €797,333 | -€536,587 | -40.2% |
| Contributions | 10/11 | €123,947 | €123,947 | = | 0.0% |
| Capital | 10 | €123,947 | €123,947 | = | 0.0% |
| Issued capital | 100 | €123,947 | €123,947 | = | 0.0% |
| Reserves | 13 | €52,333 | €52,333 | = | 0.0% |
| Non-distributable reserves | 130/1 | €12,395 | €12,395 | = | 0.0% |
| Legal reserve | 130 | €12,395 | €12,395 | = | 0.0% |
| Tax-exempt reserves | 132 | €39,938 | €39,938 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,157,641 | €621,054 | -€536,587 | -46.4% |
| Provisions and deferred taxes | 16 | €180,187 | €132,133 | -€48,054 | -26.7% |
| Provisions for liabilities and charges | 160/5 | €180,187 | €132,133 | -€48,054 | -26.7% |
| Other liabilities and charges | 164/5 | €180,187 | €132,133 | -€48,054 | -26.7% |
| Amounts payable | 17/49 | €2,241,086 | €2,575,026 | +€333,939 | +14.9% |
| Amounts payable after more than one year | 17 | €269,394 | €190,476 | -€78,919 | -29.3% |
| Financial debts | 170/4 | €269,394 | €190,476 | -€78,919 | -29.3% |
| Amounts payable within one year | 42/48 | €1,971,246 | €2,379,704 | +€408,458 | +20.7% |
| Current portion of amounts payable after more than one year | 42 | €91,219 | €78,919 | -€12,300 | -13.5% |
| Financial debts | 43 | €1,150,000 | €1,196,916 | +€46,916 | +4.1% |
| Credit institutions | 430/8 | €1,150,000 | €1,196,916 | +€46,916 | +4.1% |
| Trade debts | 44 | €620,983 | €975,466 | +€354,483 | +57.1% |
| Suppliers | 440/4 | €620,983 | €975,466 | +€354,483 | +57.1% |
| Advances received on contracts in progress | 46 | - | €9,745 | +€9,745 | |
| Taxes, remuneration and social security | 45 | €98,404 | €101,940 | +€3,535 | +3.6% |
| Taxes | 450/3 | €61,124 | €39,328 | -€21,796 | -35.7% |
| Remuneration and social security | 454/9 | €37,281 | €62,612 | +€25,331 | +67.9% |
| Other amounts payable | 47/48 | €10,640 | €16,719 | +€6,078 | +57.1% |
| Accrued charges and deferred income | 492/3 | €446 | €4,846 | +€4,400 | +986% |
| Non-recurring operating income | 76A | €8,742 | €66,067 | +€57,325 | +656% |
| Remuneration, social security and pensions | 62 | €1,186,388 | €1,187,246 | +€859 | +0.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €159,464 | €134,909 | -€24,555 | -15.4% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €575 | +€575 | |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | €7,709 | €10,080 | +€2,371 | +30.8% |
| Other operating charges | 640/8 | €17,989 | €21,096 | +€3,107 | +17.3% |
| Non-recurring operating charges | 66A | €1,165 | €26,771 | +€25,607 | +2,199% |
| Gross operating margin | 9900 | €1,591,678 | €891,866 | -€699,812 | -44.0% |
| Operating profit (loss) | 9901 | €218,963 | -€488,812 | -€707,775 | |
| Financial income | 75/76B | €1,028 | €10,589 | +€9,561 | +930% |
| Recurring financial income | 75 | €1,028 | €10,589 | +€9,561 | +930% |
| Financial charges | 65/66B | €65,949 | €58,003 | -€7,946 | -12.0% |
| Recurring financial charges | 65 | €65,949 | €58,003 | -€7,946 | -12.0% |
| Profit (loss) for the period before taxes | 9903 | €154,042 | -€536,226 | -€690,268 | |
| Income taxes | 67/77 | €36,397 | €361 | -€36,035 | -99.0% |
| Profit (loss) for the period | 9904 | €117,645 | -€536,587 | -€654,233 | |
| Profit (loss) for the period to be appropriated | 9905 | €117,645 | -€536,587 | -€654,233 |
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 21 October 2026 via checked.be.