SOLIDE PRECIOUS METALS: 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 PRECIOUS METALS
Largest movements
- Cash +€3.9m
up €3.9m (+360%), from €1.1m to €5.0m
mainly Trade debts (+€4.6m) and Net result for the year (+€1.4m)
- Receivables within one year +€1.4m
up €1.4m (+432%), from €317,155 to €1.7m
of which Trade receivables: +€1.4m
- Stocks and contracts +€788,343
up €788,343 (+94.0%), from €838,668 to €1.6m
- Intangible fixed assets +€116,961
new in 2025: €116,961
- Trade debts +€4.6m
up €4.6m (+5,595%), from €81,959 to €4.7m
- Other debts +€728,000
up €728,000 (+268%), from €272,000 to €1.0m
- Tax, wage and social debts +€444,909
up €444,909 (+159%), from €280,588 to €725,497
of which Taxes: +€527,508
- Reserves +€400,732
up €400,732 (+166%), from €241,030 to €641,762
- Gross operating margin +€1.3m
up €1.3m (+104%), from €1.2m to €2.5m
- Taxes +€408,811
up €408,811 (+388%), from €105,262 to €514,073
- Staff costs -€229,044
down €229,044 (-35.1%), from €651,653 to €422,609
- Other operating charges -€75,753
down €75,753 (-98.1%), from €77,240 to €1,487
- Financial charges +€26,088
up €26,088 (+23.1%), from €112,784 to €138,872
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 | €2,315,577 | €8,474,982 | +€6.2m | +266% |
| Fixed assets | 21/28 | €75,293 | €171,412 | +€96,119 | +128% |
| Intangible fixed assets | 21 | - | €116,961 | +€116,961 | |
| Tangible fixed assets | 22/27 | €74,543 | €53,701 | -€20,842 | -28.0% |
| Plant, machinery and equipment | 23 | €2,145 | €1,368 | -€777 | -36.2% |
| Furniture and vehicles | 24 | €72,398 | €52,333 | -€20,065 | -27.7% |
| Financial fixed assets | 28 | €750 | €750 | = | 0.0% |
| Current assets | 29/58 | €2,240,284 | €8,303,570 | +€6.1m | +271% |
| Stocks and contracts in progress | 3 | €838,668 | €1,627,011 | +€788,343 | +94.0% |
| Stocks | 30/36 | €838,668 | €1,627,011 | +€788,343 | +94.0% |
| Amounts receivable within one year | 40/41 | €317,155 | €1,688,590 | +€1.4m | +432% |
| Trade receivables | 40 | €314,502 | €1,675,590 | +€1.4m | +433% |
| Other amounts receivable | 41 | €2,653 | €13,000 | +€10,347 | +390% |
| Cash at bank and in hand | 54/58 | €1,084,461 | €4,987,969 | +€3.9m | +360% |
| Total equity and liabilities | 10/49 | €2,315,577 | €8,474,982 | +€6.2m | +266% |
| Equity | 10/15 | €281,030 | €681,762 | +€400,732 | +143% |
| Contributions | 10/11 | €40,000 | €40,000 | = | 0.0% |
| Reserves | 13 | €241,030 | €641,762 | +€400,732 | +166% |
| Distributable reserves | 133 | €241,030 | €641,762 | +€400,732 | +166% |
| Amounts payable | 17/49 | €2,034,547 | €7,793,220 | +€5.8m | +283% |
| Amounts payable after more than one year | 17 | €1,400,000 | €1,400,000 | = | 0.0% |
| Financial debts | 170/4 | €1,400,000 | €1,400,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €634,547 | €6,393,220 | +€5.8m | +908% |
| Trade debts | 44 | €81,959 | €4,667,723 | +€4.6m | +5,595% |
| Suppliers | 440/4 | €81,959 | €4,667,723 | +€4.6m | +5,595% |
| Taxes, remuneration and social security | 45 | €280,588 | €725,497 | +€444,909 | +159% |
| Taxes | 450/3 | €121,876 | €649,384 | +€527,508 | +433% |
| Remuneration and social security | 454/9 | €158,712 | €76,113 | -€82,599 | -52.0% |
| Other amounts payable | 47/48 | €272,000 | €1,000,000 | +€728,000 | +268% |
| Remuneration, social security and pensions | 62 | €651,653 | €422,609 | -€229,044 | -35.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €19,682 | €39,508 | +€19,826 | +101% |
| Other operating charges | 640/8 | €77,240 | €1,487 | -€75,753 | -98.1% |
| Gross operating margin | 9900 | €1,209,398 | €2,463,790 | +€1.3m | +104% |
| Operating profit (loss) | 9901 | €460,823 | €2,000,186 | +€1.5m | +334% |
| Financial income | 75/76B | €41,115 | €53,491 | +€12,376 | +30.1% |
| Recurring financial income | 75 | €41,115 | €53,491 | +€12,376 | +30.1% |
| Financial charges | 65/66B | €112,784 | €138,872 | +€26,088 | +23.1% |
| Recurring financial charges | 65 | €112,784 | €138,872 | +€26,088 | +23.1% |
| Profit (loss) for the period before taxes | 9903 | €389,154 | €1,914,805 | +€1.5m | +392% |
| Income taxes | 67/77 | €105,262 | €514,073 | +€408,811 | +388% |
| Profit (loss) for the period | 9904 | €283,892 | €1,400,732 | +€1.1m | +393% |
| Profit (loss) for the period to be appropriated | 9905 | €283,892 | €1,400,732 | +€1.1m | +393% |
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 31 October 2026 via checked.be.