SOLIDE & WATERPROOF: what changed
What changed
SOLIDE & WATERPROOF
NACE 43.410, Roofing work
filed annual accounts (NBB)
Net result for the year
€38,092
2025 · €59,298-€21,206
Equity
€290,320
2025 · €253,888+€36,432
Cash
€219,334
2025 · €67,743+€151,592
Balance sheet total
€414,079
2025 · €420,291-€6,212
Largest movements
Assets
- Cash +€151,592
up €151,592 (+224%), from €67,743 to €219,334
mainly Receivables within one year (+€128,564) and Net result for the year (+€38,092)
- Receivables within one year -€128,564
down €128,564 (-52.3%), from €245,788 to €117,223
of which Trade receivables: -€107,311
- Tangible fixed assets -€15,789
down €15,789 (-22.5%), from €70,218 to €54,429
- Stocks and contracts -€14,812
down €14,812 (-66.9%), from €22,124 to €7,312
Equity and liabilities
- Reserves +€36,432
up €36,432 (+15.5%), from €235,288 to €271,720
of which Distributable reserves: +€36,432
- Accrued charges and deferred income -€29,530
down €29,530 (-82.8%), from €35,682 to €6,152
- Current portion of long-term debt -€20,557
down €20,557 (-77.1%), from €26,670 to €6,114
- Tax, wage and social debts +€12,881
up €12,881 (+36.4%), from €35,407 to €48,289
of which Taxes: +€11,439
- Provisions +€8,921
new in 2026: €8,921
Income statement
- Staff costs +€55,913
up €55,913 (+12.5%), from €445,614 to €501,527
- Gross operating margin +€27,459
up €27,459 (+4.8%), from €576,437 to €603,896
- Taxes -€8,517
down €8,517 (-26.0%), from €32,733 to €24,216
Change in the result, 2025 to 2026
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2025
€59,298
Gross operating margin
+€27,459
Staff costs
-€55,913
Depreciation
-€3,984
Write-downs
-€645
Other operating charges
+€139
Other operating items
+€951
Financial income
+€179
Financial charges
+€2,090
Taxes
+€8,517
Result 2026
€38,092
raises the resultlowers the resultnot broken down further in the accounts
Derived cash bridge
The bridge is derived from the 2025 and 2026 balance sheets and the 2026 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€195,571
Investment
-€15,649
Financing
-€28,330
Cash 2025
€67,743
From operations (derived)
+€195,571
Net result for the year
+€38,092
Depreciation
+€31,302
Stocks and contracts
+€14,812
Receivables within one year
+€128,564
Deferred charges and accrued income
-€1,226
Provisions
+€8,921
Trade debts
-€5,208
Tax, wage and social debts
+€12,881
Other debts
-€3,038
Accrued charges and deferred income
-€29,530
Investment (derived)
-€15,649
Investment in fixed assets (net)
-€15,649
Financing
-€28,330
Debts after one year
-€6,114
Current portion of long-term debt
-€20,557
Contributions, distributions and other
-€1,660
Cash 2026
€219,334
brings cash intakes cash out
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €420,291 | €414,079 | -€6,212 | -1.5% |
| Fixed assets | 21/28 | €70,218 | €54,564 | -€15,654 | -22.3% |
| Tangible fixed assets | 22/27 | €70,218 | €54,429 | -€15,789 | -22.5% |
| Land and buildings | 22 | €8,825 | €7,109 | -€1,717 | -19.5% |
| Plant, machinery and equipment | 23 | €42,446 | €34,986 | -€7,459 | -17.6% |
| Furniture and vehicles | 24 | €9,727 | €5,036 | -€4,691 | -48.2% |
| Other tangible fixed assets | 26 | €9,220 | €7,298 | -€1,922 | -20.8% |
| Financial fixed assets | 28 | - | €135 | +€135 | |
| Current assets | 29/58 | €350,073 | €359,515 | +€9,442 | +2.7% |
| Stocks and contracts in progress | 3 | €22,124 | €7,312 | -€14,812 | -66.9% |
| Stocks | 30/36 | €22,124 | €7,312 | -€14,812 | -66.9% |
| Amounts receivable within one year | 40/41 | €245,788 | €117,223 | -€128,564 | -52.3% |
| Trade receivables | 40 | €175,299 | €67,988 | -€107,311 | -61.2% |
| Other amounts receivable | 41 | €70,489 | €49,236 | -€21,253 | -30.2% |
| Cash at bank and in hand | 54/58 | €67,743 | €219,334 | +€151,592 | +224% |
| Deferred charges and accrued income | 490/1 | €14,419 | €15,645 | +€1,226 | +8.5% |
| Total equity and liabilities | 10/49 | €420,291 | €414,079 | -€6,212 | -1.5% |
| Equity | 10/15 | €253,888 | €290,320 | +€36,432 | +14.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €235,288 | €271,720 | +€36,432 | +15.5% |
| Tax-exempt reserves | 132 | €10,523 | €10,523 | = | 0.0% |
| Distributable reserves | 133 | €224,765 | €261,197 | +€36,432 | +16.2% |
| Provisions and deferred taxes | 16 | - | €8,921 | +€8,921 | |
| Provisions for liabilities and charges | 160/5 | - | €8,921 | +€8,921 | |
| Other liabilities and charges | 164/5 | - | €8,921 | +€8,921 | |
| Amounts payable | 17/49 | €166,403 | €114,838 | -€51,565 | -31.0% |
| Amounts payable after more than one year | 17 | €6,114 | - | -€6,114 | |
| Financial debts | 170/4 | €6,114 | - | -€6,114 | |
| Amounts payable within one year | 42/48 | €124,607 | €108,686 | -€15,921 | -12.8% |
| Current portion of amounts payable after more than one year | 42 | €26,670 | €6,114 | -€20,557 | -77.1% |
| Trade debts | 44 | €49,989 | €44,781 | -€5,208 | -10.4% |
| Suppliers | 440/4 | €49,989 | €44,781 | -€5,208 | -10.4% |
| Taxes, remuneration and social security | 45 | €35,407 | €48,289 | +€12,881 | +36.4% |
| Taxes | 450/3 | €13,213 | €24,652 | +€11,439 | +86.6% |
| Remuneration and social security | 454/9 | €22,194 | €23,637 | +€1,442 | +6.5% |
| Other amounts payable | 47/48 | €12,541 | €9,503 | -€3,038 | -24.2% |
| Accrued charges and deferred income | 492/3 | €35,682 | €6,152 | -€29,530 | -82.8% |
| Remuneration, social security and pensions | 62 | €445,614 | €501,527 | +€55,913 | +12.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €27,319 | €31,302 | +€3,984 | +14.6% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €645 | +€645 | |
| Other operating charges | 640/8 | €3,254 | €3,115 | -€139 | -4.3% |
| Non-recurring operating charges | 66A | €9,989 | €9,038 | -€951 | -9.5% |
| Gross operating margin | 9900 | €576,437 | €603,896 | +€27,459 | +4.8% |
| Operating profit (loss) | 9901 | €90,261 | €58,269 | -€31,992 | -35.4% |
| Financial income | 75/76B | €9,265 | €9,443 | +€179 | +1.9% |
| Recurring financial income | 75 | €9,265 | €9,443 | +€179 | +1.9% |
| Financial charges | 65/66B | €7,495 | €5,405 | -€2,090 | -27.9% |
| Recurring financial charges | 65 | €6,785 | €5,405 | -€1,381 | -20.3% |
| Non-recurring financial charges | 66B | €710 | - | -€710 | |
| Profit (loss) for the period before taxes | 9903 | €92,031 | €62,308 | -€29,723 | -32.3% |
| Income taxes | 67/77 | €32,733 | €24,216 | -€8,517 | -26.0% |
| Profit (loss) for the period | 9904 | €59,298 | €38,092 | -€21,206 | -35.8% |
| Profit (loss) for the period to be appropriated | 9905 | €59,298 | €38,092 | -€21,206 | -35.8% |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 March 2025 and 31 March 2026. Green is a favourable move for that line, red an unfavourable one. Prepared on 2 November 2026 via checked.be.