SOLIFO: 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.
SOLIFO
Largest movements
- Tangible fixed assets -€490,814
down €490,814 (-4.6%), from €10.6m to €10.1m
- Receivables within one year -€423,015
down €423,015 (-47.0%), from €900,641 to €477,626
of which Trade receivables: -€457,584
- Debts after one year -€750,000
down €750,000 (-4.5%), from €16.7m to €15.9m
- Trade debts -€382,975
down €382,975 (-66.5%), from €576,310 to €193,335
- Profit (loss) carried forward +€233,935
up €233,935 (+3.3%), from -€7.0m to -€6.8m
- Gross operating margin -€892,474
down €892,474 (-32.5%), from €2.7m to €1.9m
- Financial charges -€255,443
down €255,443 (-24.9%), from €1.0m to €768,398
- Financial income -€109,112
down €109,112 (-99.4%), from €109,825 to €713
- Other operating charges -€75,167
down €75,167 (-18.8%), from €398,971 to €323,804
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 | €12,034,846 | €11,175,095 | -€859,751 | -7.1% |
| Fixed assets | 21/28 | €10,983,990 | €10,488,176 | -€495,814 | -4.5% |
| Tangible fixed assets | 22/27 | €10,556,136 | €10,065,323 | -€490,814 | -4.6% |
| Land and buildings | 22 | €10,556,136 | €10,065,323 | -€490,814 | -4.6% |
| Financial fixed assets | 28 | €427,854 | €422,854 | -€5,000 | -1.2% |
| Current assets | 29/58 | €1,050,855 | €686,918 | -€363,937 | -34.6% |
| Amounts receivable within one year | 40/41 | €900,641 | €477,626 | -€423,015 | -47.0% |
| Trade receivables | 40 | €875,843 | €418,260 | -€457,584 | -52.2% |
| Other amounts receivable | 41 | €24,797 | €59,366 | +€34,569 | +139.4% |
| Cash at bank and in hand | 54/58 | €124,287 | €205,946 | +€81,659 | +65.7% |
| Deferred charges and accrued income | 490/1 | €25,928 | €3,347 | -€22,581 | -87.1% |
| Total equity and liabilities | 10/49 | €12,034,846 | €11,175,095 | -€859,751 | -7.1% |
| Equity | 10/15 | -€5,452,927 | -€5,218,992 | +€233,935 | +4.3% |
| Contributions | 10/11 | €1,569,132 | €1,569,132 | = | 0.0% |
| Capital | 10 | €914,922 | €914,922 | = | 0.0% |
| Issued capital | 100 | €1,351,300 | €1,351,300 | = | 0.0% |
| Uncalled capital | 101 | €436,378 | €436,378 | = | 0.0% |
| Contributions outside capital | 11 | €654,210 | €654,210 | = | 0.0% |
| Share premium | 1100/10 | €654,210 | €654,210 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€7,022,059 | -€6,788,124 | +€233,935 | +3.3% |
| Amounts payable | 17/49 | €17,487,772 | €16,394,087 | -€1.1m | -6.3% |
| Amounts payable after more than one year | 17 | €16,657,241 | €15,907,241 | -€750,000 | -4.5% |
| Financial debts | 170/4 | €16,657,241 | €15,907,241 | -€750,000 | -4.5% |
| Amounts payable within one year | 42/48 | €657,567 | €276,820 | -€380,747 | -57.9% |
| Trade debts | 44 | €576,310 | €193,335 | -€382,975 | -66.5% |
| Suppliers | 440/4 | €576,310 | €193,335 | -€382,975 | -66.5% |
| Other amounts payable | 47/48 | €81,257 | €83,485 | +€2,228 | +2.7% |
| Accrued charges and deferred income | 492/3 | €172,965 | €210,026 | +€37,061 | +21.4% |
| Non-recurring operating income | 76A | €1,011,678 | €24,235 | -€987,443 | -97.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €511,987 | €515,048 | +€3,061 | +0.6% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €12,334 | +€12,334 | |
| Other operating charges | 640/8 | €398,971 | €323,804 | -€75,167 | -18.8% |
| Gross operating margin | 9900 | €2,744,915 | €1,852,442 | -€892,474 | -32.5% |
| Operating profit (loss) | 9901 | €1,833,957 | €1,001,256 | -€832,701 | -45.4% |
| Financial income | 75/76B | €109,825 | €713 | -€109,112 | -99.4% |
| Recurring financial income | 75 | €109,825 | €713 | -€109,112 | -99.4% |
| Financial charges | 65/66B | €1,023,841 | €768,398 | -€255,443 | -24.9% |
| Recurring financial charges | 65 | €1,023,841 | €768,398 | -€255,443 | -24.9% |
| Profit (loss) for the period before taxes | 9903 | €919,941 | €233,571 | -€686,370 | -74.6% |
| Income taxes | 67/77 | - | -€363 | -€363 | |
| Profit (loss) for the period | 9904 | €919,941 | €233,935 | -€686,007 | -74.6% |
| Profit (loss) for the period to be appropriated | 9905 | €919,941 | €233,935 | -€686,007 | -74.6% |
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 10 October 2026 via checked.be.