Solifaction: 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.
Solifaction
Largest movements
- Financial fixed assets -€350,000
down €350,000 (-65.3%), from €536,000 to €186,000
- Receivables within one year +€41,952
up €41,952 (+8.2%), from €509,849 to €551,800
of which Trade receivables: +€59,234
- Tangible fixed assets -€35,056
down €35,056 (-27.6%), from €126,806 to €91,750
of which Other tangible fixed assets: -€30,271
- Reserves -€343,700
down €343,700 (-98.2%), from €349,900 to €6,200
of which Distributable reserves: -€343,700
- Other debts +€153,439
up €153,439 (+33.0%), from €464,565 to €618,005
- Trade debts -€127,750
down €127,750 (-52.1%), from €244,971 to €117,220
- Profit (loss) carried forward -€27,628
down €27,628, from €50 to -€27,577
- Tax, wage and social debts +€13,208
up €13,208 (+19.4%), from €67,911 to €81,119
of which Taxes: +€13,756
- Turnover -€457,800
down €457,800 (-42.7%), from €1.1m to €614,218
- Financial income -€299,466
down €299,466 (-99.7%), from €300,253 to €786
- Purchases and services -€265,434
down €265,434 (-25.1%), from €1.1m to €793,230
- Financial charges -€105,555
down €105,555 (-22.3%), from €473,279 to €367,724
of which Non-recurring financial charges: -€95,803
- Gross operating margin +€74,607
up €74,607 (+56.8%), from €131,313 to €205,921
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 | €1,189,397 | €856,966 | -€332,430 | -27.9% |
| Fixed assets | 21/28 | €662,805 | €277,750 | -€385,055 | -58.1% |
| Tangible fixed assets | 22/27 | €126,806 | €91,750 | -€35,056 | -27.6% |
| Plant, machinery and equipment | 23 | €7,760 | €2,976 | -€4,784 | -61.7% |
| Other tangible fixed assets | 26 | €119,046 | €88,774 | -€30,271 | -25.4% |
| Financial fixed assets | 28 | €536,000 | €186,000 | -€350,000 | -65.3% |
| Current assets | 29/58 | €526,591 | €579,217 | +€52,625 | +10.0% |
| Amounts receivable within one year | 40/41 | €509,849 | €551,800 | +€41,952 | +8.2% |
| Trade receivables | 40 | €492,566 | €551,800 | +€59,234 | +12.0% |
| Other amounts receivable | 41 | €17,283 | - | -€17,283 | |
| Cash at bank and in hand | 54/58 | €5,718 | €11,101 | +€5,383 | +94.1% |
| Deferred charges and accrued income | 490/1 | €11,025 | €16,315 | +€5,290 | +48.0% |
| Total equity and liabilities | 10/49 | €1,189,397 | €856,966 | -€332,430 | -27.9% |
| Equity | 10/15 | €411,950 | €40,623 | -€371,328 | -90.1% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €349,900 | €6,200 | -€343,700 | -98.2% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Distributable reserves | 133 | €343,700 | - | -€343,700 | |
| Profit (loss) carried forward | 14 | €50 | -€27,577 | -€27,628 | |
| Amounts payable | 17/49 | €777,447 | €816,344 | +€38,897 | +5.0% |
| Amounts payable within one year | 42/48 | €777,447 | €816,344 | +€38,897 | +5.0% |
| Trade debts | 44 | €244,971 | €117,220 | -€127,750 | -52.1% |
| Suppliers | 440/4 | €244,971 | €117,220 | -€127,750 | -52.1% |
| Taxes, remuneration and social security | 45 | €67,911 | €81,119 | +€13,208 | +19.4% |
| Taxes | 450/3 | €54,051 | €67,808 | +€13,756 | +25.5% |
| Remuneration and social security | 454/9 | €13,859 | €13,311 | -€548 | -4.0% |
| Other amounts payable | 47/48 | €464,565 | €618,005 | +€153,439 | +33.0% |
| Turnover | 70 | €1,072,018 | €614,218 | -€457,800 | -42.7% |
| Non-recurring operating income | 76A | €52 | €16,162 | +€16,110 | +31203.1% |
| Goods, raw materials, services and sundry goods | 60/61 | €1,058,663 | €793,230 | -€265,434 | -25.1% |
| Remuneration, social security and pensions | 62 | €125,437 | €77,577 | -€47,861 | -38.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €41,269 | €36,063 | -€5,206 | -12.6% |
| Other operating charges | 640/8 | €2,346 | €1,769 | -€577 | -24.6% |
| Non-recurring operating charges | 66A | €784 | €94,590 | +€93,806 | +11963.3% |
| Gross operating margin | 9900 | €131,313 | €205,921 | +€74,607 | +56.8% |
| Operating profit (loss) | 9901 | -€38,523 | -€4,078 | +€34,445 | +89.4% |
| Financial income | 75/76B | €300,253 | €786 | -€299,466 | -99.7% |
| Recurring financial income | 75 | €300,253 | €786 | -€299,466 | -99.7% |
| Financial charges | 65/66B | €473,279 | €367,724 | -€105,555 | -22.3% |
| Recurring financial charges | 65 | €27,476 | €17,724 | -€9,752 | -35.5% |
| Non-recurring financial charges | 66B | €445,803 | €350,000 | -€95,803 | -21.5% |
| Profit (loss) for the period before taxes | 9903 | -€211,550 | -€371,016 | -€159,466 | -75.4% |
| Income taxes | 67/77 | €33,037 | €312 | -€32,725 | -99.1% |
| Profit (loss) for the period | 9904 | -€244,586 | -€371,328 | -€126,741 | -51.8% |
| Profit (loss) for the period to be appropriated | 9905 | -€244,586 | -€371,328 | -€126,741 | -51.8% |
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 8 October 2026 via checked.be.