Solidfence: 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.
Solidfence
Largest movements
- Receivables within one year +€65,696
up €65,696 (+52.9%), from €124,258 to €189,954
of which Trade receivables: +€68,899
- Tangible fixed assets -€40,868
down €40,868 (-27.5%), from €148,749 to €107,881
of which Furniture and vehicles: -€34,533
- Deferred charges and accrued income -€22,072
down €22,072 (-55.1%), from €40,051 to €17,979
- Stocks and contracts +€7,304
up €7,304 (+5.6%), from €130,903 to €138,207
of which Contracts in progress: +€8,848
- Intangible fixed assets -€5,035
down €5,035 (-18.3%), from €27,515 to €22,480
- Debts after one year -€50,677
down €50,677 (-22.0%), from €230,301 to €179,624
- Trade debts +€36,648
up €36,648 (+36.6%), from €100,046 to €136,694
- Profit (loss) carried forward -€31,218
down €31,218 (-269%), from -€11,601 to -€42,820
- Other debts +€24,176
up €24,176 (+257%), from €9,419 to €33,595
- Accrued charges and deferred income +€16,710
up €16,710 (+39.8%), from €41,970 to €58,680
- Gross operating margin -€20,212
down €20,212 (-36.1%), from €56,064 to €35,852
- Depreciation +€10,994
up €10,994 (+42.1%), from €26,108 to €37,102
- Other operating charges +€8,791
up €8,791 (+285%), from €3,081 to €11,872
- Financial charges -€6,884
down €6,884 (-32.6%), from €21,148 to €14,264
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 | €474,855 | €477,976 | +€3,120 | +0.7% |
| Fixed assets | 21/28 | €176,513 | €130,610 | -€45,903 | -26.0% |
| Intangible fixed assets | 21 | €27,515 | €22,480 | -€5,035 | -18.3% |
| Tangible fixed assets | 22/27 | €148,749 | €107,881 | -€40,868 | -27.5% |
| Plant, machinery and equipment | 23 | €10,791 | €4,457 | -€6,335 | -58.7% |
| Furniture and vehicles | 24 | €137,958 | €103,425 | -€34,533 | -25.0% |
| Financial fixed assets | 28 | €249 | €249 | = | 0.0% |
| Current assets | 29/58 | €298,342 | €347,365 | +€49,023 | +16.4% |
| Stocks and contracts in progress | 3 | €130,903 | €138,207 | +€7,304 | +5.6% |
| Stocks | 30/36 | €110,903 | €109,359 | -€1,544 | -1.4% |
| Contracts in progress | 37 | €20,000 | €28,848 | +€8,848 | +44.2% |
| Amounts receivable within one year | 40/41 | €124,258 | €189,954 | +€65,696 | +52.9% |
| Trade receivables | 40 | €113,710 | €182,609 | +€68,899 | +60.6% |
| Other amounts receivable | 41 | €10,548 | €7,346 | -€3,202 | -30.4% |
| Cash at bank and in hand | 54/58 | €3,130 | €1,225 | -€1,905 | -60.9% |
| Deferred charges and accrued income | 490/1 | €40,051 | €17,979 | -€22,072 | -55.1% |
| Total equity and liabilities | 10/49 | €474,855 | €477,976 | +€3,120 | +0.7% |
| Equity | 10/15 | €38,399 | €7,180 | -€31,218 | -81.3% |
| Contributions | 10/11 | €50,000 | €50,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€11,601 | -€42,820 | -€31,218 | -269% |
| Amounts payable | 17/49 | €436,457 | €470,795 | +€34,339 | +7.9% |
| Amounts payable after more than one year | 17 | €230,301 | €179,624 | -€50,677 | -22.0% |
| Financial debts | 170/4 | €230,301 | €179,624 | -€50,677 | -22.0% |
| Amounts payable within one year | 42/48 | €164,186 | €232,491 | +€68,305 | +41.6% |
| Current portion of amounts payable after more than one year | 42 | €51,622 | €56,864 | +€5,242 | +10.2% |
| Trade debts | 44 | €100,046 | €136,694 | +€36,648 | +36.6% |
| Suppliers | 440/4 | €100,046 | €136,694 | +€36,648 | +36.6% |
| Taxes, remuneration and social security | 45 | €3,098 | €5,338 | +€2,240 | +72.3% |
| Taxes | 450/3 | €3,098 | €5,338 | +€2,240 | +72.3% |
| Other amounts payable | 47/48 | €9,419 | €33,595 | +€24,176 | +257% |
| Accrued charges and deferred income | 492/3 | €41,970 | €58,680 | +€16,710 | +39.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €26,108 | €37,102 | +€10,994 | +42.1% |
| Other operating charges | 640/8 | €3,081 | €11,872 | +€8,791 | +285% |
| Non-recurring operating charges | 66A | - | €3,716 | +€3,716 | |
| Gross operating margin | 9900 | €56,064 | €35,852 | -€20,212 | -36.1% |
| Operating profit (loss) | 9901 | €26,875 | -€16,838 | -€43,713 | |
| Financial income | 75/76B | €134 | €0 | -€134 | -100% |
| Recurring financial income | 75 | €134 | €0 | -€134 | -100% |
| Financial charges | 65/66B | €21,148 | €14,264 | -€6,884 | -32.6% |
| Recurring financial charges | 65 | €21,148 | €14,264 | -€6,884 | -32.6% |
| Profit (loss) for the period before taxes | 9903 | €5,861 | -€31,102 | -€36,963 | |
| Income taxes | 67/77 | €0 | €116 | +€116 | |
| Profit (loss) for the period | 9904 | €5,861 | -€31,218 | -€37,079 | |
| Profit (loss) for the period to be appropriated | 9905 | €5,861 | -€31,218 | -€37,079 |
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 25 October 2026 via checked.be.