SOLIDEM: 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
SOLIDEM
NACE 68.201, Renting and operating of own or leased residential real estate, excluding social housing
financial year 2023 against 2024filed annual accounts (NBB)
Net result for the year
€250,923
2023 · €386,479-€135,556
Equity
€8.2m
2023 · €8.7m-€464,077
Cash
€978,899
2023 · €1.4m-€448,526
Balance sheet total
€8.7m
2023 · €8.9m-€163,857
Largest movements
Assets
- Current investments +€743,623
up €743,623 (+28.9%), from €2.6m to €3.3m
- Cash -€448,526
down €448,526 (-31.4%), from €1.4m to €978,899
mainly Current investments (-€743,623) and Contributions, distributions and other (-€715,000)
- Receivables within one year -€243,540
down €243,540 (-54.4%), from €448,037 to €204,497
of which Other amounts receivable: -€236,628
- Tangible fixed assets -€141,443
down €141,443 (-4.3%), from €3.3m to €3.2m
of which Other tangible fixed assets: -€89,496
Equity and liabilities
- Reserves -€464,077
down €464,077 (-5.7%), from €8.2m to €7.7m
of which Distributable reserves: -€455,544
- Other debts +€233,929
up €233,929 (+1179.0%), from €19,841 to €253,770
Income statement
- Financial income -€90,826
down €90,826 (-34.1%), from €265,976 to €175,151
- Taxes +€69,163
up €69,163 (+105.5%), from €65,571 to €134,734
- Write-downs +€43,318
new in 2024: €43,318
- Gross operating margin +€25,748
up €25,748 (+3.4%), from €749,431 to €775,179
- Other operating charges -€12,891
down €12,891 (-9.3%), from €139,304 to €126,413
From the 2023 result to the 2024 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 2023
€386,479
Gross operating margin
+€25,748
Staff costs
-€2,958
Depreciation
-€5,817
Write-downs
-€43,318
Other operating charges
+€12,891
Other operating items
+€31,289
Financial income
-€90,826
Financial charges
+€6,599
Taxes
-€69,163
Result 2024
€250,923
Cash bridge derived
Derived from the 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
From operations
+€1.1m
Investment
-€796,029
Financing
-€713,113
Cash 2023
€1.4m
From operations (derived)
+€1.1m
Net result for the year
+€250,923
Depreciation
+€193,849
Stocks and contracts
+€22,540
Receivables within one year
+€243,540
Deferred charges and accrued income
+€51,432
Provisions
-€5,455
Trade debts
-€20,935
Tax, wage and social debts
+€26,824
Advances received
+€6,234
Other debts
+€233,929
Accrued charges and deferred income
+€57,737
Investment (derived)
-€796,029
Investment in fixed assets (net)
-€52,406
Current investments
-€743,623
Financing
-€713,113
Debts after one year
+€1,887
Contributions, distributions and other
-€715,000
Cash 2024
€978,899
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €8,897,474 | €8,733,617 | -€163,857 | -1.8% |
| Fixed assets | 21/28 | €4,131,380 | €3,989,937 | -€141,443 | -3.4% |
| Tangible fixed assets | 22/27 | €3,291,548 | €3,150,105 | -€141,443 | -4.3% |
| Land and buildings | 22 | €1,298,759 | €1,266,259 | -€32,500 | -2.5% |
| Furniture and vehicles | 24 | €38,527 | €19,080 | -€19,447 | -50.5% |
| Other tangible fixed assets | 26 | €1,954,262 | €1,864,765 | -€89,496 | -4.6% |
| Financial fixed assets | 28 | €839,832 | €839,832 | = | 0.0% |
| Current assets | 29/58 | €4,766,094 | €4,743,680 | -€22,414 | -0.5% |
| Stocks and contracts in progress | 3 | €203,242 | €180,702 | -€22,540 | -11.1% |
| Stocks | 30/36 | €203,242 | €180,702 | -€22,540 | -11.1% |
| Amounts receivable within one year | 40/41 | €448,037 | €204,497 | -€243,540 | -54.4% |
| Trade receivables | 40 | €65,890 | €58,978 | -€6,912 | -10.5% |
| Other amounts receivable | 41 | €382,147 | €145,519 | -€236,628 | -61.9% |
| Current investments | 50/53 | €2,573,800 | €3,317,422 | +€743,623 | +28.9% |
| Cash at bank and in hand | 54/58 | €1,427,425 | €978,899 | -€448,526 | -31.4% |
| Deferred charges and accrued income | 490/1 | €113,591 | €62,159 | -€51,432 | -45.3% |
| Total equity and liabilities | 10/49 | €8,897,474 | €8,733,617 | -€163,857 | -1.8% |
| Equity | 10/15 | €8,707,238 | €8,243,161 | -€464,077 | -5.3% |
| Contributions | 10/11 | €506,159 | €506,159 | = | 0.0% |
| Capital | 10 | €506,159 | €506,159 | = | 0.0% |
| Issued capital | 100 | €506,159 | €506,159 | = | 0.0% |
| Reserves | 13 | €8,201,079 | €7,737,003 | -€464,077 | -5.7% |
| Non-distributable reserves | 130/1 | €301,392 | €301,392 | = | 0.0% |
| Legal reserve | 130 | €94,965 | €94,965 | = | 0.0% |
| Reserves not available under the articles | 1311 | €206,427 | €206,427 | = | 0.0% |
| Tax-exempt reserves | 132 | €42,664 | €34,131 | -€8,533 | -20.0% |
| Distributable reserves | 133 | €7,857,023 | €7,401,479 | -€455,544 | -5.8% |
| Provisions and deferred taxes | 16 | €27,277 | €21,822 | -€5,455 | -20.0% |
| Deferred taxes | 168 | €27,277 | €21,822 | -€5,455 | -20.0% |
| Amounts payable | 17/49 | €162,959 | €468,634 | +€305,675 | +187.6% |
| Amounts payable after more than one year | 17 | €26,593 | €28,480 | +€1,887 | +7.1% |
| Other amounts payable | 178/9 | €26,593 | €28,480 | +€1,887 | +7.1% |
| Amounts payable within one year | 42/48 | €81,266 | €327,317 | +€246,051 | +302.8% |
| Trade debts | 44 | €35,371 | €14,436 | -€20,935 | -59.2% |
| Suppliers | 440/4 | €35,371 | €14,436 | -€20,935 | -59.2% |
| Advances received on contracts in progress | 46 | €4,628 | €10,862 | +€6,234 | +134.7% |
| Taxes, remuneration and social security | 45 | €21,426 | €48,250 | +€26,824 | +125.2% |
| Taxes | 450/3 | €275 | €26,743 | +€26,468 | +9629.0% |
| Remuneration and social security | 454/9 | €21,151 | €21,507 | +€356 | +1.7% |
| Other amounts payable | 47/48 | €19,841 | €253,770 | +€233,929 | +1179.0% |
| Accrued charges and deferred income | 492/3 | €55,100 | €112,836 | +€57,737 | +104.8% |
| Non-recurring operating income | 76A | - | €27,944 | +€27,944 | |
| Remuneration, social security and pensions | 62 | €183,891 | €186,849 | +€2,958 | +1.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €188,033 | €193,849 | +€5,817 | +3.1% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €43,318 | +€43,318 | |
| Other operating charges | 640/8 | €139,304 | €126,413 | -€12,891 | -9.3% |
| Non-recurring operating charges | 66A | €35,625 | €4,336 | -€31,289 | -87.8% |
| Gross operating margin | 9900 | €749,431 | €775,179 | +€25,748 | +3.4% |
| Operating profit (loss) | 9901 | €202,578 | €220,412 | +€17,834 | +8.8% |
| Financial income | 75/76B | €265,976 | €175,151 | -€90,826 | -34.1% |
| Recurring financial income | 75 | €265,976 | €175,151 | -€90,826 | -34.1% |
| Financial charges | 65/66B | €21,960 | €15,361 | -€6,599 | -30.0% |
| Recurring financial charges | 65 | €21,960 | €15,361 | -€6,599 | -30.0% |
| Profit (loss) for the period before taxes | 9903 | €446,595 | €380,201 | -€66,393 | -14.9% |
| Transfer from deferred taxes | 780 | €5,455 | €5,455 | = | 0.0% |
| Income taxes | 67/77 | €65,571 | €134,734 | +€69,163 | +105.5% |
| Profit (loss) for the period | 9904 | €386,479 | €250,923 | -€135,556 | -35.1% |
| Transfer from tax-exempt reserves | 789 | €8,533 | €8,533 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €395,012 | €259,456 | -€135,556 | -34.3% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 11 October 2026 via checked.be.