SOLIDE CONSTRUCTION: 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.
SOLIDE CONSTRUCTION
Largest movements
- Receivables within one year -€650,881
down €650,881 (-55.5%), from €1.2m to €522,257
of which Other amounts receivable: -€422,865
- Trade debts -€632,197
down €632,197 (-63.1%), from €1.0m to €369,645
of which Suppliers: -€566,645
- Tax, wage and social debts -€22,959
down €22,959 (-60.7%), from €37,838 to €14,879
of which Remuneration and social security: -€12,388
- Current portion of long-term debt -€18,068
down €18,068 (-69.7%), from €25,935 to €7,867
- Turnover -€838,689
no longer reported in 2025 (was €838,689)
- Purchases and services -€657,590
no longer reported in 2025 (was €657,590)
- Other operating charges -€73,694
down €73,694 (-76.6%), from €96,212 to €22,518
- Financial charges +€41,332
up €41,332 (+405%), from €10,204 to €51,536
- Gross operating margin -€32,597
down €32,597 (-18.0%), from €181,100 to €148,503
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 | €1,216,349 | €551,416 | -€664,933 | -54.7% |
| Fixed assets | 21/28 | €15,191 | €10,727 | -€4,464 | -29.4% |
| Tangible fixed assets | 22/27 | €13,391 | €8,927 | -€4,464 | -33.3% |
| Furniture and vehicles | 24 | €13,391 | €8,927 | -€4,464 | -33.3% |
| Financial fixed assets | 28 | €1,800 | €1,800 | = | 0.0% |
| Current assets | 29/58 | €1,201,158 | €540,689 | -€660,469 | -55.0% |
| Amounts receivable within one year | 40/41 | €1,173,138 | €522,257 | -€650,881 | -55.5% |
| Trade receivables | 40 | €262,095 | €34,080 | -€228,015 | -87.0% |
| Other amounts receivable | 41 | €911,042 | €488,177 | -€422,865 | -46.4% |
| Cash at bank and in hand | 54/58 | €28,021 | €18,432 | -€9,589 | -34.2% |
| Total equity and liabilities | 10/49 | €1,216,349 | €551,416 | -€664,933 | -54.7% |
| Equity | 10/15 | €108,405 | €111,995 | +€3,590 | +3.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Capital | 10 | - | €18,600 | +€18,600 | |
| Issued capital | 100 | - | €18,600 | +€18,600 | |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Legal reserve | 130 | - | €1,860 | +€1,860 | |
| Reserves not available under the articles | 1311 | €1,860 | - | -€1,860 | |
| Profit (loss) carried forward | 14 | €87,945 | €91,535 | +€3,590 | +4.1% |
| Amounts payable | 17/49 | €1,107,944 | €439,421 | -€668,523 | -60.3% |
| Amounts payable within one year | 42/48 | €1,107,944 | €439,421 | -€668,523 | -60.3% |
| Current portion of amounts payable after more than one year | 42 | €25,935 | €7,867 | -€18,068 | -69.7% |
| Trade debts | 44 | €1,001,842 | €369,645 | -€632,197 | -63.1% |
| Suppliers | 440/4 | €852,612 | €285,967 | -€566,645 | -66.5% |
| Bills of exchange payable | 441 | €149,230 | €83,678 | -€65,552 | -43.9% |
| Taxes, remuneration and social security | 45 | €37,838 | €14,879 | -€22,959 | -60.7% |
| Taxes | 450/3 | €15,776 | €5,206 | -€10,570 | -67.0% |
| Remuneration and social security | 454/9 | €22,061 | €9,673 | -€12,388 | -56.2% |
| Other amounts payable | 47/48 | €42,330 | €47,030 | +€4,700 | +11.1% |
| Turnover | 70 | €838,689 | - | -€838,689 | |
| Goods, raw materials, services and sundry goods | 60/61 | €657,590 | - | -€657,590 | |
| Remuneration, social security and pensions | 62 | €46,516 | €66,395 | +€19,879 | +42.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,588 | €4,464 | -€9,124 | -67.1% |
| Other operating charges | 640/8 | €96,212 | €22,518 | -€73,694 | -76.6% |
| Gross operating margin | 9900 | €181,100 | €148,503 | -€32,597 | -18.0% |
| Operating profit (loss) | 9901 | €24,783 | €55,126 | +€30,343 | +122% |
| Financial charges | 65/66B | €10,204 | €51,536 | +€41,332 | +405% |
| Recurring financial charges | 65 | €10,204 | €51,536 | +€41,332 | +405% |
| Profit (loss) for the period before taxes | 9903 | €14,579 | €3,590 | -€10,989 | -75.4% |
| Income taxes | 67/77 | €5,207 | - | -€5,207 | |
| Profit (loss) for the period | 9904 | €9,372 | €3,590 | -€5,782 | -61.7% |
| Profit (loss) for the period to be appropriated | 9905 | €9,372 | €3,590 | -€5,782 | -61.7% |
Source: filed annual accounts (NBB), financial years ended 31 January 2024 and 31 January 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 17 October 2026 via checked.be.