SOLIMO: 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.
What changed
SOLIMO
NACE 55.203, Holiday cottages, homes and apartments
fiscal year 2023 against 2024filed annual accounts (NBB)
Net result for the year
-€715,426
2023 · €600,717-€1.3m
Equity
€6.6m
2023 · €7.3m-€715,426
Cash
€7.5m
2023 · €7.7m-€166,376
Balance sheet total
€14.0m
2023 · €14.4m-€459,583
Largest movements
Assets
- Receivables within one year -€424,958
down €424,958 (-80.2%), from €529,939 to €104,981
- Cash -€166,376
down €166,376 (-2.2%), from €7.7m to €7.5m
mainly Net result for the year (-€715,426) and Investment in fixed assets (net) (-€321,689)
Equity and liabilities
- Profit (loss) carried forward -€706,703
down €706,703 (-14.2%), from €5.0m to €4.3m
- Short-term financial debts +€311,379
up €311,379 (+5.2%), from €6.0m to €6.3m
Income statement
- Financial charges +€633,006
up €633,006 (+1042.1%), from €60,745 to €693,751
- Financial income -€340,120
down €340,120 (-92.0%), from €369,762 to €29,642
- Gross operating margin -€302,313
down €302,313 (-67.0%), from €451,422 to €149,109
- Depreciation +€43,178
up €43,178 (+29.4%), from €147,047 to €190,225
From the 2023 result to the 2024 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 2023
€600,717
Gross operating margin
-€302,313
Depreciation
-€43,178
Other operating charges
+€2,915
Financial income
-€340,120
Financial charges
-€633,006
Taxes
-€441
Result 2024
-€715,426
Cash bridge derived
Derived from the 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
From operations
-€87,078
Investment
-€321,689
Financing
+€242,390
Cash 2023
€7.7m
From operations (derived)
-€87,078
Net result for the year
-€715,426
Depreciation
+€190,225
Receivables within one year
+€424,958
Deferred charges and accrued income
-€288
Provisions
-€2,908
Trade debts
+€5,415
Other debts
+€10,945
Investment (derived)
-€321,689
Investment in fixed assets (net)
-€321,689
Financing
+€242,390
Debts after one year
-€70,311
Current portion of long-term debt
+€1,323
Short-term financial debts
+€311,379
Contributions, distributions and other
+€0
Cash 2024
€7.5m
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €14,433,265 | €13,973,682 | -€459,583 | -3.2% |
| Formation expenses | 20 | - | €0 | = | |
| Fixed assets | 21/28 | €6,213,619 | €6,345,083 | +€131,464 | +2.1% |
| Tangible fixed assets | 22/27 | €6,213,619 | €6,345,083 | +€131,464 | +2.1% |
| Land and buildings | 22 | €6,014,816 | €6,174,962 | +€160,146 | +2.7% |
| Plant, machinery and equipment | 23 | €14,598 | €22,699 | +€8,101 | +55.5% |
| Furniture and vehicles | 24 | €174,181 | €138,472 | -€35,709 | -20.5% |
| Other tangible fixed assets | 26 | €10,024 | €8,949 | -€1,075 | -10.7% |
| Current assets | 29/58 | €8,219,646 | €7,628,600 | -€591,046 | -7.2% |
| Amounts receivable within one year | 40/41 | €529,939 | €104,981 | -€424,958 | -80.2% |
| Other amounts receivable | 41 | €529,939 | €104,981 | -€424,958 | -80.2% |
| Cash at bank and in hand | 54/58 | €7,689,707 | €7,523,331 | -€166,376 | -2.2% |
| Deferred charges and accrued income | 490/1 | - | €288 | +€288 | |
| Total equity and liabilities | 10/49 | €14,433,265 | €13,973,682 | -€459,583 | -3.2% |
| Equity | 10/15 | €7,301,113 | €6,585,687 | -€715,426 | -9.8% |
| Contributions | 10/11 | €2,000,000 | €2,000,000 | = | 0.0% |
| Capital | 10 | €2,000,000 | €2,000,000 | = | 0.0% |
| Issued capital | 100 | €2,000,000 | €2,000,000 | = | 0.0% |
| Reserves | 13 | €321,982 | €313,259 | -€8,723 | -2.7% |
| Non-distributable reserves | 130/1 | €58,000 | €58,000 | = | 0.0% |
| Legal reserve | 130 | €58,000 | €58,000 | = | 0.0% |
| Tax-exempt reserves | 132 | €263,982 | €255,259 | -€8,723 | -3.3% |
| Profit (loss) carried forward | 14 | €4,979,131 | €4,272,428 | -€706,703 | -14.2% |
| Provisions and deferred taxes | 16 | €87,994 | €85,086 | -€2,908 | -3.3% |
| Deferred taxes | 168 | €87,994 | €85,086 | -€2,908 | -3.3% |
| Amounts payable | 17/49 | €7,044,158 | €7,302,909 | +€258,751 | +3.7% |
| Amounts payable after more than one year | 17 | €985,384 | €915,073 | -€70,311 | -7.1% |
| Financial debts | 170/4 | €985,384 | €915,073 | -€70,311 | -7.1% |
| Amounts payable within one year | 42/48 | €6,058,774 | €6,387,836 | +€329,062 | +5.4% |
| Current portion of amounts payable after more than one year | 42 | €68,989 | €70,312 | +€1,323 | +1.9% |
| Financial debts | 43 | €5,984,621 | €6,296,000 | +€311,379 | +5.2% |
| Credit institutions | 430/8 | €5,984,621 | €6,296,000 | +€311,379 | +5.2% |
| Trade debts | 44 | €3,254 | €8,669 | +€5,415 | +166.4% |
| Suppliers | 440/4 | €3,254 | €8,669 | +€5,415 | +166.4% |
| Taxes, remuneration and social security | 45 | €1,500 | €1,500 | = | 0.0% |
| Remuneration and social security | 454/9 | €1,500 | €1,500 | = | 0.0% |
| Other amounts payable | 47/48 | €410 | €11,355 | +€10,945 | +2669.6% |
| Non-recurring operating income | 76A | €283,224 | - | -€283,224 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €147,047 | €190,225 | +€43,178 | +29.4% |
| Other operating charges | 640/8 | €15,512 | €12,597 | -€2,915 | -18.8% |
| Gross operating margin | 9900 | €451,422 | €149,109 | -€302,313 | -67.0% |
| Operating profit (loss) | 9901 | €288,863 | -€53,713 | -€342,576 | |
| Financial income | 75/76B | €369,762 | €29,642 | -€340,120 | -92.0% |
| Recurring financial income | 75 | €369,762 | €29,642 | -€340,120 | -92.0% |
| Financial charges | 65/66B | €60,745 | €693,751 | +€633,006 | +1042.1% |
| Recurring financial charges | 65 | €60,745 | €693,751 | +€633,006 | +1042.1% |
| Profit (loss) for the period before taxes | 9903 | €597,880 | -€717,821 | -€1.3m | |
| Transfer from deferred taxes | 780 | €2,908 | €2,908 | -€0 | 0.0% |
| Income taxes | 67/77 | €71 | €512 | +€441 | +621.8% |
| Profit (loss) for the period | 9904 | €600,717 | -€715,426 | -€1.3m | |
| Transfer from tax-exempt reserves | 789 | €8,723 | €8,723 | +€0 | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €609,440 | -€706,703 | -€1.3m |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 September 2026 via checked.be.