SOLIERES CONSEIL: 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
SOLIERES CONSEIL
NACE 68.201, Renting and operating of own or leased residential real estate, excluding social housing
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
-€172,101
2024 · -€184,988+€12,887
Equity
€17.6m
2024 · €17.8m-€175,135
Cash
€384,328
2024 · €1.3m-€881,385
Balance sheet total
€17.7m
2024 · €17.9m-€222,841
Largest movements
Assets
- Cash -€881,385
down €881,385 (-69.6%), from €1.3m to €384,328
mainly Receivables within one year (-€591,088) and Investment in fixed assets (net) (-€581,876)
- Receivables within one year +€591,088
up €591,088 (+1,171%), from €50,492 to €641,580
Equity and liabilities
No liability line moved by more than 1% of the balance sheet total.
Income statement
- Depreciation -€26,646
down €26,646 (-6.2%), from €429,747 to €403,101
- Financial income -€10,839
down €10,839 (-31.4%), from €34,464 to €23,625
- Other operating charges +€6,761
up €6,761 (+13.6%), from €49,553 to €56,314
- Gross operating margin +€4,165
up €4,165 (+1.4%), from €303,811 to €307,975
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.
Result 2024
-€184,988
Gross operating margin
+€4,165
Staff costs
-€2,182
Depreciation
+€26,646
Other operating charges
-€6,761
Financial income
-€10,839
Financial charges
+€1,512
Taxes
-€201
Deferred taxes and other
+€547
Result 2025
-€172,101
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
-€296,474
Investment
-€581,876
Financing
-€3,034
Cash 2024
€1.3m
From operations (derived)
-€296,474
Net result for the year
-€172,101
Depreciation
+€403,101
Stocks and contracts
-€2,535
Receivables within one year
-€591,088
Deferred charges and accrued income
+€113,855
Smaller working-capital items
+€234
Trade debts
+€9,157
Advances received
-€1,730
Other debts
-€36,342
Accrued charges and deferred income
-€19,025
Investment (derived)
-€581,876
Investment in fixed assets (net)
-€581,876
Financing
-€3,034
Contributions, distributions and other
-€3,034
Cash 2025
€384,328
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €17,899,813 | €17,676,971 | -€222,841 | -1.2% |
| Fixed assets | 21/28 | €16,426,440 | €16,605,215 | +€178,775 | +1.1% |
| Tangible fixed assets | 22/27 | €15,940,355 | €16,119,130 | +€178,775 | +1.1% |
| Land and buildings | 22 | €15,713,711 | €15,856,777 | +€143,065 | +0.9% |
| Plant, machinery and equipment | 23 | €29,413 | - | -€29,413 | |
| Furniture and vehicles | 24 | €76,943 | €83,176 | +€6,233 | +8.1% |
| Other tangible fixed assets | 26 | €4,613 | €16,460 | +€11,847 | +257% |
| Assets under construction and advance payments | 27 | €115,675 | €162,717 | +€47,042 | +40.7% |
| Financial fixed assets | 28 | €486,085 | €486,085 | = | 0.0% |
| Current assets | 29/58 | €1,473,373 | €1,071,756 | -€401,617 | -27.3% |
| Stocks and contracts in progress | 3 | €6,260 | €8,795 | +€2,535 | +40.5% |
| Stocks | 30/36 | €6,260 | €8,795 | +€2,535 | +40.5% |
| Amounts receivable within one year | 40/41 | €50,492 | €641,580 | +€591,088 | +1,171% |
| Other amounts receivable | 41 | €50,492 | €641,580 | +€591,088 | +1,171% |
| Cash at bank and in hand | 54/58 | €1,265,712 | €384,328 | -€881,385 | -69.6% |
| Deferred charges and accrued income | 490/1 | €150,909 | €37,054 | -€113,855 | -75.4% |
| Total equity and liabilities | 10/49 | €17,899,813 | €17,676,971 | -€222,841 | -1.2% |
| Equity | 10/15 | €17,757,714 | €17,582,578 | -€175,135 | -1.0% |
| Contributions | 10/11 | €15,424,406 | €15,424,406 | = | 0.0% |
| Capital | 10 | €15,424,406 | €15,424,406 | = | 0.0% |
| Issued capital | 100 | €15,424,406 | €15,424,406 | = | 0.0% |
| Reserves | 13 | €1,816,784 | €1,816,784 | = | 0.0% |
| Non-distributable reserves | 130/1 | €446,999 | €446,999 | = | 0.0% |
| Legal reserve | 130 | €446,999 | €446,999 | = | 0.0% |
| Distributable reserves | 133 | €1,369,785 | €1,369,785 | = | 0.0% |
| Profit (loss) carried forward | 14 | €487,575 | €315,474 | -€172,101 | -35.3% |
| Investment grants | 15 | €28,949 | €25,914 | -€3,034 | -10.5% |
| Provisions and deferred taxes | 16 | €9,650 | €8,638 | -€1,011 | -10.5% |
| Deferred taxes | 168 | €9,650 | €8,638 | -€1,011 | -10.5% |
| Amounts payable | 17/49 | €132,450 | €85,755 | -€46,695 | -35.3% |
| Amounts payable within one year | 42/48 | €107,879 | €80,209 | -€27,670 | -25.6% |
| Trade debts | 44 | €49,414 | €58,571 | +€9,157 | +18.5% |
| Suppliers | 440/4 | €49,414 | €58,571 | +€9,157 | +18.5% |
| Advances received on contracts in progress | 46 | €19,180 | €17,450 | -€1,730 | -9.0% |
| Taxes, remuneration and social security | 45 | €2,943 | €4,188 | +€1,245 | +42.3% |
| Remuneration and social security | 454/9 | €2,943 | €4,188 | +€1,245 | +42.3% |
| Other amounts payable | 47/48 | €36,342 | - | -€36,342 | |
| Accrued charges and deferred income | 492/3 | €24,570 | €5,546 | -€19,025 | -77.4% |
| Non-recurring operating income | 76A | - | €1,369 | +€1,369 | |
| Remuneration, social security and pensions | 62 | €42,468 | €44,650 | +€2,182 | +5.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €429,747 | €403,101 | -€26,646 | -6.2% |
| Other operating charges | 640/8 | €49,553 | €56,314 | +€6,761 | +13.6% |
| Gross operating margin | 9900 | €303,811 | €307,975 | +€4,165 | +1.4% |
| Operating profit (loss) | 9901 | -€217,957 | -€196,089 | +€21,868 | +10.0% |
| Financial income | 75/76B | €34,464 | €23,625 | -€10,839 | -31.4% |
| Recurring financial income | 75 | €34,464 | €23,625 | -€10,839 | -31.4% |
| Financial charges | 65/66B | €1,960 | €448 | -€1,512 | -77.2% |
| Recurring financial charges | 65 | €1,960 | €448 | -€1,512 | -77.2% |
| Profit (loss) for the period before taxes | 9903 | -€185,453 | -€172,911 | +€12,541 | +6.8% |
| Transfer from deferred taxes | 780 | €464 | €1,011 | +€547 | +118% |
| Income taxes | 67/77 | - | €201 | +€201 | |
| Profit (loss) for the period | 9904 | -€184,988 | -€172,101 | +€12,887 | +7.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€184,988 | -€172,101 | +€12,887 | +7.0% |
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 18 October 2026 via checked.be.