SOLIEXCO: 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.
SOLIEXCO
Largest movements
- Receivables within one year +€284,659
up €284,659 (+64.3%), from €442,597 to €727,256
of which Other amounts receivable: +€322,583
- Cash -€91,345
down €91,345 (-26.7%), from €341,658 to €250,314
mainly Receivables within one year (-€284,659) and Contributions, distributions and other (-€215,000)
- Current investments -€50,459
down €50,459 (-99.3%), from €50,822 to €363
- Tangible fixed assets -€23,990
down €23,990 (-10.4%), from €229,862 to €205,872
of which Plant, machinery and equipment: -€13,693
- Trade debts +€234,025
up €234,025 (+100%), from €233,673 to €467,698
- Other debts -€85,000
down €85,000 (-28.3%), from €300,000 to €215,000
- Debts after one year -€48,433
down €48,433 (-33.1%), from €146,111 to €97,678
- Gross operating margin -€45,417
down €45,417 (-5.0%), from €911,385 to €865,967
- Staff costs +€41,137
up €41,137 (+8.0%), from €512,400 to €553,537
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 | €1,084,604 | €1,199,429 | +€114,825 | +10.6% |
| Fixed assets | 21/28 | €230,315 | €206,324 | -€23,990 | -10.4% |
| Tangible fixed assets | 22/27 | €229,862 | €205,872 | -€23,990 | -10.4% |
| Plant, machinery and equipment | 23 | €40,284 | €26,590 | -€13,693 | -34.0% |
| Furniture and vehicles | 24 | €22,125 | €8,622 | -€13,503 | -61.0% |
| Other tangible fixed assets | 26 | €167,454 | €170,660 | +€3,206 | +1.9% |
| Financial fixed assets | 28 | €452 | €452 | = | 0.0% |
| Current assets | 29/58 | €854,290 | €993,105 | +€138,815 | +16.2% |
| Stocks and contracts in progress | 3 | €19,212 | €15,173 | -€4,039 | -21.0% |
| Stocks | 30/36 | €19,212 | €15,173 | -€4,039 | -21.0% |
| Amounts receivable within one year | 40/41 | €442,597 | €727,256 | +€284,659 | +64.3% |
| Trade receivables | 40 | €48,739 | €10,814 | -€37,925 | -77.8% |
| Other amounts receivable | 41 | €393,858 | €716,442 | +€322,583 | +81.9% |
| Current investments | 50/53 | €50,822 | €363 | -€50,459 | -99.3% |
| Cash at bank and in hand | 54/58 | €341,658 | €250,314 | -€91,345 | -26.7% |
| Total equity and liabilities | 10/49 | €1,084,604 | €1,199,429 | +€114,825 | +10.6% |
| Equity | 10/15 | €299,452 | €308,649 | +€9,197 | +3.1% |
| Contributions | 10/11 | €82,500 | €82,500 | = | 0.0% |
| Reserves | 13 | €10,000 | €10,000 | = | 0.0% |
| Tax-exempt reserves | 132 | €10,000 | €10,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €206,952 | €216,149 | +€9,197 | +4.4% |
| Amounts payable | 17/49 | €785,152 | €890,780 | +€105,628 | +13.5% |
| Amounts payable after more than one year | 17 | €146,111 | €97,678 | -€48,433 | -33.1% |
| Financial debts | 170/4 | €146,111 | €97,678 | -€48,433 | -33.1% |
| Amounts payable within one year | 42/48 | €639,041 | €793,102 | +€154,061 | +24.1% |
| Current portion of amounts payable after more than one year | 42 | €48,164 | €48,433 | +€269 | +0.6% |
| Trade debts | 44 | €233,673 | €467,698 | +€234,025 | +100% |
| Suppliers | 440/4 | €233,673 | €467,698 | +€234,025 | +100% |
| Taxes, remuneration and social security | 45 | €57,204 | €61,971 | +€4,767 | +8.3% |
| Taxes | 450/3 | €383 | €2,283 | +€1,900 | +496% |
| Remuneration and social security | 454/9 | €56,821 | €59,688 | +€2,867 | +5.0% |
| Other amounts payable | 47/48 | €300,000 | €215,000 | -€85,000 | -28.3% |
| Remuneration, social security and pensions | 62 | €512,400 | €553,537 | +€41,137 | +8.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €57,802 | €53,497 | -€4,305 | -7.4% |
| Other operating charges | 640/8 | €6,325 | €4,148 | -€2,177 | -34.4% |
| Gross operating margin | 9900 | €911,385 | €865,967 | -€45,417 | -5.0% |
| Operating profit (loss) | 9901 | €334,858 | €254,785 | -€80,072 | -23.9% |
| Financial income | 75/76B | €617 | €537 | -€80 | -13.0% |
| Recurring financial income | 75 | €617 | €537 | -€80 | -13.0% |
| Financial charges | 65/66B | €19,279 | €21,182 | +€1,903 | +9.9% |
| Recurring financial charges | 65 | €19,279 | €21,182 | +€1,903 | +9.9% |
| Profit (loss) for the period before taxes | 9903 | €316,196 | €234,140 | -€82,055 | -26.0% |
| Income taxes | 67/77 | €9,467 | €9,943 | +€476 | +5.0% |
| Profit (loss) for the period | 9904 | €306,729 | €224,197 | -€82,532 | -26.9% |
| Profit (loss) for the period to be appropriated | 9905 | €306,729 | €224,197 | -€82,532 | -26.9% |
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 20 October 2026 via checked.be.