SOLINVAL: 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.
SOLINVAL
Largest movements
- Cash -€13,057
down €13,057 (-17.8%), from €73,193 to €60,137
mainly Contributions, distributions and other (-€60,000) and Stocks and contracts (-€11,196)
- Stocks and contracts +€11,196
up €11,196 (+19.1%), from €58,505 to €69,702
- Tangible fixed assets -€5,517
down €5,517 (-14.0%), from €39,359 to €33,842
of which Other tangible fixed assets: -€6,072
- Deferred charges and accrued income -€1,856
down €1,856 (-83.5%), from €2,222 to €367
- Profit (loss) carried forward -€22,920
down €22,920 (-74.4%), from €30,787 to €7,867
- Other debts +€20,000
up €20,000 (+50.0%), from €40,000 to €60,000
- Trade debts -€7,621
down €7,621 (-19.8%), from €38,401 to €30,779
- Debts after one year -€3,290
down €3,290 (-9.1%), from €36,213 to €32,923
of which Financial debts: -€7,208
- Tax, wage and social debts +€2,878
up €2,878 (+82.0%), from €3,508 to €6,386
- Gross operating margin -€7,638
down €7,638 (-11.1%), from €68,918 to €61,280
- Depreciation -€1,307
down €1,307 (-14.7%), from €8,898 to €7,591
- Other operating charges -€1,031
down €1,031 (-62.5%), from €1,649 to €618
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 | €176,450 | €165,623 | -€10,827 | -6.1% |
| Fixed assets | 21/28 | €39,609 | €34,092 | -€5,517 | -13.9% |
| Tangible fixed assets | 22/27 | €39,359 | €33,842 | -€5,517 | -14.0% |
| Furniture and vehicles | 24 | €1,628 | €2,184 | +€556 | +34.1% |
| Other tangible fixed assets | 26 | €37,731 | €31,659 | -€6,072 | -16.1% |
| Financial fixed assets | 28 | €250 | €250 | = | 0.0% |
| Current assets | 29/58 | €136,841 | €131,530 | -€5,310 | -3.9% |
| Stocks and contracts in progress | 3 | €58,505 | €69,702 | +€11,196 | +19.1% |
| Stocks | 30/36 | €58,505 | €69,702 | +€11,196 | +19.1% |
| Amounts receivable within one year | 40/41 | €2,920 | €1,326 | -€1,594 | -54.6% |
| Trade receivables | 40 | €2,137 | €1,326 | -€812 | -38.0% |
| Other amounts receivable | 41 | €783 | - | -€783 | |
| Cash at bank and in hand | 54/58 | €73,193 | €60,137 | -€13,057 | -17.8% |
| Deferred charges and accrued income | 490/1 | €2,222 | €367 | -€1,856 | -83.5% |
| Total equity and liabilities | 10/49 | €176,450 | €165,623 | -€10,827 | -6.1% |
| Equity | 10/15 | €51,247 | €28,327 | -€22,920 | -44.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €30,787 | €7,867 | -€22,920 | -74.4% |
| Amounts payable | 17/49 | €125,202 | €137,295 | +€12,093 | +9.7% |
| Amounts payable after more than one year | 17 | €36,213 | €32,923 | -€3,290 | -9.1% |
| Financial debts | 170/4 | €9,639 | €2,431 | -€7,208 | -74.8% |
| Other amounts payable | 178/9 | €26,574 | €30,492 | +€3,918 | +14.7% |
| Amounts payable within one year | 42/48 | €88,990 | €104,372 | +€15,383 | +17.3% |
| Current portion of amounts payable after more than one year | 42 | €7,081 | €7,208 | +€127 | +1.8% |
| Trade debts | 44 | €38,401 | €30,779 | -€7,621 | -19.8% |
| Suppliers | 440/4 | €38,401 | €30,779 | -€7,621 | -19.8% |
| Taxes, remuneration and social security | 45 | €3,508 | €6,386 | +€2,878 | +82.0% |
| Taxes | 450/3 | €3,508 | €6,386 | +€2,878 | +82.0% |
| Other amounts payable | 47/48 | €40,000 | €60,000 | +€20,000 | +50.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,898 | €7,591 | -€1,307 | -14.7% |
| Other operating charges | 640/8 | €1,649 | €618 | -€1,031 | -62.5% |
| Gross operating margin | 9900 | €68,918 | €61,280 | -€7,638 | -11.1% |
| Operating profit (loss) | 9901 | €58,371 | €53,071 | -€5,300 | -9.1% |
| Financial income | 75/76B | €3 | €10 | +€7 | +279.1% |
| Recurring financial income | 75 | €3 | €10 | +€7 | +279.1% |
| Financial charges | 65/66B | €3,164 | €2,782 | -€382 | -12.1% |
| Recurring financial charges | 65 | €3,164 | €2,782 | -€382 | -12.1% |
| Profit (loss) for the period before taxes | 9903 | €55,209 | €50,299 | -€4,910 | -8.9% |
| Income taxes | 67/77 | €13,203 | €13,219 | +€15 | +0.1% |
| Profit (loss) for the period | 9904 | €42,006 | €37,080 | -€4,926 | -11.7% |
| Profit (loss) for the period to be appropriated | 9905 | €42,006 | €37,080 | -€4,926 | -11.7% |
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.