SOLINO: 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.
SOLINO
Largest movements
- Stocks and contracts +€637,182
up €637,182 (+1720.9%), from €37,026 to €674,209
of which Contracts in progress: +€514,542
- Tangible fixed assets +€119,805
up €119,805 (+127.1%), from €94,288 to €214,094
- Receivables within one year -€107,994
down €107,994 (-46.1%), from €234,419 to €126,425
of which Trade receivables: -€207,289
- Cash -€99,571
down €99,571 (-45.9%), from €216,813 to €117,242
mainly Stocks and contracts (-€637,182) and Investment in fixed assets (net) (-€156,304)
- Deferred charges and accrued income +€20,035
up €20,035 (+177.1%), from €11,312 to €31,347
- Trade debts +€419,809
up €419,809 (+202.3%), from €207,510 to €627,319
- Profit (loss) carried forward +€135,090
up €135,090 (+58.1%), from €232,336 to €367,426
- Other debts -€79,638
down €79,638 (-99.5%), from €80,000 to €362
- Debts after one year +€41,689
new in 2025: €41,689
- Tax, wage and social debts +€31,774
up €31,774 (+47.2%), from €67,267 to €99,041
of which Remuneration and social security: +€31,774
- Staff costs +€271,447
up €271,447 (+4348.3%), from €6,243 to €277,689
- Gross operating margin +€216,206
up €216,206 (+75.7%), from €285,430 to €501,636
- Taxes -€26,600
down €26,600 (-40.1%), from €66,409 to €39,809
- Depreciation +€23,891
up €23,891 (+189.5%), from €12,608 to €36,499
- Financial charges +€9,427
up €9,427 (+2774.1%), from €340 to €9,767
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 | €596,113 | €1,165,571 | +€569,458 | +95.5% |
| Fixed assets | 21/28 | €96,542 | €216,348 | +€119,805 | +124.1% |
| Tangible fixed assets | 22/27 | €94,288 | €214,094 | +€119,805 | +127.1% |
| Plant, machinery and equipment | 23 | €2,281 | €10,927 | +€8,645 | +378.9% |
| Furniture and vehicles | 24 | €92,007 | €145,772 | +€53,765 | +58.4% |
| Leasing and similar rights | 25 | - | €17,523 | +€17,523 | |
| Other tangible fixed assets | 26 | - | €39,872 | +€39,872 | |
| Financial fixed assets | 28 | €2,254 | €2,254 | = | 0.0% |
| Current assets | 29/58 | €499,570 | €949,223 | +€449,653 | +90.0% |
| Stocks and contracts in progress | 3 | €37,026 | €674,209 | +€637,182 | +1720.9% |
| Stocks | 30/36 | - | €122,640 | +€122,640 | |
| Contracts in progress | 37 | €37,026 | €551,568 | +€514,542 | +1389.7% |
| Amounts receivable within one year | 40/41 | €234,419 | €126,425 | -€107,994 | -46.1% |
| Trade receivables | 40 | €207,289 | - | -€207,289 | |
| Other amounts receivable | 41 | €27,130 | €126,425 | +€99,295 | +366.0% |
| Cash at bank and in hand | 54/58 | €216,813 | €117,242 | -€99,571 | -45.9% |
| Deferred charges and accrued income | 490/1 | €11,312 | €31,347 | +€20,035 | +177.1% |
| Total equity and liabilities | 10/49 | €596,113 | €1,165,571 | +€569,458 | +95.5% |
| Equity | 10/15 | €241,336 | €376,426 | +€135,090 | +56.0% |
| Contributions | 10/11 | €9,000 | €9,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €232,336 | €367,426 | +€135,090 | +58.1% |
| Amounts payable | 17/49 | €354,776 | €789,145 | +€434,369 | +122.4% |
| Amounts payable after more than one year | 17 | - | €41,689 | +€41,689 | |
| Financial debts | 170/4 | - | €41,689 | +€41,689 | |
| Amounts payable within one year | 42/48 | €354,776 | €747,456 | +€392,680 | +110.7% |
| Current portion of amounts payable after more than one year | 42 | - | €20,735 | +€20,735 | |
| Trade debts | 44 | €207,510 | €627,319 | +€419,809 | +202.3% |
| Suppliers | 440/4 | €207,510 | €627,319 | +€419,809 | +202.3% |
| Taxes, remuneration and social security | 45 | €67,267 | €99,041 | +€31,774 | +47.2% |
| Taxes | 450/3 | €66,408 | €66,408 | = | 0.0% |
| Remuneration and social security | 454/9 | €858 | €32,632 | +€31,774 | +3702.6% |
| Other amounts payable | 47/48 | €80,000 | €362 | -€79,638 | -99.5% |
| Remuneration, social security and pensions | 62 | €6,243 | €277,689 | +€271,447 | +4348.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,608 | €36,499 | +€23,891 | +189.5% |
| Other operating charges | 640/8 | €1,302 | €2,941 | +€1,639 | +125.9% |
| Gross operating margin | 9900 | €285,430 | €501,636 | +€216,206 | +75.7% |
| Operating profit (loss) | 9901 | €265,278 | €184,508 | -€80,770 | -30.4% |
| Financial income | 75/76B | - | €158 | +€158 | |
| Recurring financial income | 75 | - | €158 | +€158 | |
| Financial charges | 65/66B | €340 | €9,767 | +€9,427 | +2774.1% |
| Recurring financial charges | 65 | €340 | €9,767 | +€9,427 | +2774.1% |
| Profit (loss) for the period before taxes | 9903 | €264,938 | €174,899 | -€90,039 | -34.0% |
| Income taxes | 67/77 | €66,409 | €39,809 | -€26,600 | -40.1% |
| Profit (loss) for the period | 9904 | €198,529 | €135,090 | -€63,440 | -32.0% |
| Profit (loss) for the period to be appropriated | 9905 | €198,529 | €135,090 | -€63,440 | -32.0% |
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 9 October 2026 via checked.be.