SOLIDITY: what changed
Two fiscal 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.
SOLIDITY
Largest movements
- Cash +€57,627
up €57,627 (+34.9%), from €164,961 to €222,588
mainly Receivables within one year (+€21,853) and Tax, wage and social debts (+€17,355)
- Receivables within one year -€21,853
down €21,853 (-55.3%), from €39,533 to €17,679
of which Other amounts receivable: -€19,868
- Tangible fixed assets -€9,534
down €9,534 (-29.5%), from €32,285 to €22,750
- Deferred charges and accrued income -€4,221
down €4,221 (-93.7%), from €4,507 to €286
- Tax, wage and social debts +€17,355
up €17,355 (+468.0%), from €3,708 to €21,064
of which Taxes: +€12,616
- Debts after one year -€8,117
no longer reported in 2025 (was €8,117)
- Trade debts +€7,106
up €7,106 (+460.7%), from €1,543 to €8,649
- Gross operating margin -€43,299
down €43,299 (-69.8%), from €62,051 to €18,751
- Taxes +€1,165
up €1,165 (+201.6%), from €578 to €1,743
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.
Cash bridge derived
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 | €266,864 | €289,150 | +€22,286 | +8.4% |
| Fixed assets | 21/28 | €32,330 | €22,795 | -€9,534 | -29.5% |
| Tangible fixed assets | 22/27 | €32,285 | €22,750 | -€9,534 | -29.5% |
| Furniture and vehicles | 24 | €32,285 | €22,750 | -€9,534 | -29.5% |
| Financial fixed assets | 28 | €45 | €45 | = | 0.0% |
| Current assets | 29/58 | €234,535 | €266,355 | +€31,820 | +13.6% |
| Amounts receivable within one year | 40/41 | €39,533 | €17,679 | -€21,853 | -55.3% |
| Trade receivables | 40 | €17,243 | €15,258 | -€1,985 | -11.5% |
| Other amounts receivable | 41 | €22,290 | €2,422 | -€19,868 | -89.1% |
| Current investments | 50/53 | €25,534 | €25,801 | +€267 | +1.0% |
| Cash at bank and in hand | 54/58 | €164,961 | €222,588 | +€57,627 | +34.9% |
| Deferred charges and accrued income | 490/1 | €4,507 | €286 | -€4,221 | -93.7% |
| Total equity and liabilities | 10/49 | €266,864 | €289,150 | +€22,286 | +8.4% |
| Equity | 10/15 | €209,873 | €213,571 | +€3,698 | +1.8% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €199,066 | €201,171 | +€2,105 | +1.1% |
| Tax-exempt reserves | 132 | €427 | €427 | = | 0.0% |
| Distributable reserves | 133 | €198,639 | €200,744 | +€2,105 | +1.1% |
| Profit (loss) carried forward | 14 | -€1,593 | - | +€1,593 | |
| Amounts payable | 17/49 | €56,992 | €75,579 | +€18,588 | +32.6% |
| Amounts payable after more than one year | 17 | €8,117 | - | -€8,117 | |
| Financial debts | 170/4 | €8,117 | - | -€8,117 | |
| Amounts payable within one year | 42/48 | €47,239 | €73,226 | +€25,987 | +55.0% |
| Current portion of amounts payable after more than one year | 42 | €7,827 | €8,117 | +€290 | +3.7% |
| Financial debts | 43 | €78 | - | -€78 | |
| Credit institutions | 430/8 | €78 | - | -€78 | |
| Trade debts | 44 | €1,543 | €8,649 | +€7,106 | +460.7% |
| Suppliers | 440/4 | €1,543 | €8,649 | +€7,106 | +460.7% |
| Taxes, remuneration and social security | 45 | €3,708 | €21,064 | +€17,355 | +468.0% |
| Taxes | 450/3 | €1,363 | €13,979 | +€12,616 | +925.6% |
| Remuneration and social security | 454/9 | €2,345 | €7,085 | +€4,739 | +202.1% |
| Other amounts payable | 47/48 | €34,083 | €35,397 | +€1,314 | +3.9% |
| Accrued charges and deferred income | 492/3 | €1,636 | €2,353 | +€717 | +43.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,345 | €10,670 | +€325 | +3.1% |
| Other operating charges | 640/8 | €44 | - | -€44 | |
| Gross operating margin | 9900 | €62,051 | €18,751 | -€43,299 | -69.8% |
| Operating profit (loss) | 9901 | €51,662 | €8,081 | -€43,581 | -84.4% |
| Financial income | 75/76B | €184 | €268 | +€85 | +46.0% |
| Recurring financial income | 75 | €184 | €268 | +€85 | +46.0% |
| Financial charges | 65/66B | €2,449 | €2,908 | +€459 | +18.7% |
| Recurring financial charges | 65 | €2,449 | €2,908 | +€459 | +18.7% |
| Profit (loss) for the period before taxes | 9903 | €49,397 | €5,442 | -€43,955 | -89.0% |
| Income taxes | 67/77 | €578 | €1,743 | +€1,165 | +201.6% |
| Profit (loss) for the period | 9904 | €48,819 | €3,698 | -€45,120 | -92.4% |
| Profit (loss) for the period to be appropriated | 9905 | €48,819 | €3,698 | -€45,120 | -92.4% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.