SOLIPA: 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
SOLIPA
NACE 47.120, Other non-specialised retail sale
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€28,414
2024 · €243,435-€215,021
Equity
-€201,977
2024 · -€230,391+€28,414
Cash
€658,905
2024 · €593,062+€65,843
Balance sheet total
€2.0m
2024 · €2.0m-€50,702
Largest movements
Assets
- Tangible fixed assets -€82,417
down €82,417 (-6.2%), from €1.3m to €1.2m
of which Land and buildings: -€50,963
- Stocks and contracts -€66,087
down €66,087 (-100.0%), from €66,087 to €0
- Cash +€65,843
up €65,843 (+11.1%), from €593,062 to €658,905
mainly Depreciation (+€103,252) and Stocks and contracts (+€66,087)
- Deferred charges and accrued income +€27,605
up €27,605 (+245.5%), from €11,246 to €38,851
Equity and liabilities
- Short-term financial debts -€74,000
down €74,000 (-3.7%), from €2.0m to €1.9m
- Profit (loss) carried forward +€28,414
up €28,414 (+2.4%), from -€1.2m to -€1.1m
Income statement
- Gross operating margin -€212,057
down €212,057 (-43.4%), from €488,127 to €276,070
- Depreciation -€39,440
down €39,440 (-27.6%), from €142,692 to €103,252
- Other operating charges +€31,172
up €31,172 (+50.7%), from €61,525 to €92,697
- Staff costs +€9,461
up €9,461 (+23.1%), from €40,955 to €50,416
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.
Result 2024
€243,435
Gross operating margin
-€212,057
Staff costs
-€9,461
Depreciation
+€39,440
Other operating charges
-€31,172
Financial income
-€613
Financial charges
-€765
Taxes
-€8
Deferred taxes and other
-€386
Result 2025
€28,414
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.
From operations
+€159,078
Investment
-€20,835
Financing
-€72,400
Cash 2024
€593,062
From operations (derived)
+€159,078
Net result for the year
+€28,414
Depreciation
+€103,252
Stocks and contracts
+€66,087
Receivables within one year
-€4,353
Deferred charges and accrued income
-€27,605
Trade debts
-€9,317
Tax, wage and social debts
+€4,509
Other debts
-€6,041
Accrued charges and deferred income
+€4,132
Investment (derived)
-€20,835
Investment in fixed assets (net)
-€20,835
Financing
-€72,400
Debts after one year
+€1,600
Short-term financial debts
-€74,000
Cash 2025
€658,905
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,002,155 | €1,951,452 | -€50,702 | -2.5% |
| Fixed assets | 21/28 | €1,331,116 | €1,248,699 | -€82,417 | -6.2% |
| Tangible fixed assets | 22/27 | €1,331,116 | €1,248,699 | -€82,417 | -6.2% |
| Land and buildings | 22 | €1,227,527 | €1,176,564 | -€50,963 | -4.2% |
| Plant, machinery and equipment | 23 | €0 | - | = | |
| Furniture and vehicles | 24 | €103,590 | €72,135 | -€31,455 | -30.4% |
| Other tangible fixed assets | 26 | €0 | - | = | |
| Current assets | 29/58 | €671,039 | €702,753 | +€31,715 | +4.7% |
| Stocks and contracts in progress | 3 | €66,087 | €0 | -€66,087 | -100.0% |
| Stocks | 30/36 | €66,087 | €0 | -€66,087 | -100.0% |
| Amounts receivable within one year | 40/41 | €644 | €4,997 | +€4,353 | +676.2% |
| Trade receivables | 40 | - | €4,997 | +€4,997 | |
| Other amounts receivable | 41 | €644 | €0 | -€644 | -100.0% |
| Cash at bank and in hand | 54/58 | €593,062 | €658,905 | +€65,843 | +11.1% |
| Deferred charges and accrued income | 490/1 | €11,246 | €38,851 | +€27,605 | +245.5% |
| Total equity and liabilities | 10/49 | €2,002,155 | €1,951,452 | -€50,702 | -2.5% |
| Equity | 10/15 | -€230,391 | -€201,977 | +€28,414 | +12.3% |
| Contributions | 10/11 | €904,000 | €904,000 | = | 0.0% |
| Capital | 10 | €904,000 | €904,000 | = | 0.0% |
| Issued capital | 100 | €904,000 | €904,000 | = | 0.0% |
| Reserves | 13 | €30,000 | €30,000 | = | 0.0% |
| Non-distributable reserves | 130/1 | €30,000 | €30,000 | = | 0.0% |
| Legal reserve | 130 | €30,000 | €30,000 | = | 0.0% |
| Tax-exempt reserves | 132 | €0 | - | = | |
| Profit (loss) carried forward | 14 | -€1,164,391 | -€1,135,977 | +€28,414 | +2.4% |
| Provisions and deferred taxes | 16 | €0 | - | = | |
| Deferred taxes | 168 | €0 | - | = | |
| Amounts payable | 17/49 | €2,232,546 | €2,153,429 | -€79,117 | -3.5% |
| Amounts payable after more than one year | 17 | €22,680 | €24,280 | +€1,600 | +7.1% |
| Other amounts payable | 178/9 | €22,680 | €24,280 | +€1,600 | +7.1% |
| Amounts payable within one year | 42/48 | €2,068,430 | €1,983,581 | -€84,849 | -4.1% |
| Financial debts | 43 | €2,018,003 | €1,944,003 | -€74,000 | -3.7% |
| Other loans | 439 | €2,018,003 | €1,944,003 | -€74,000 | -3.7% |
| Trade debts | 44 | €17,923 | €8,606 | -€9,317 | -52.0% |
| Suppliers | 440/4 | €17,923 | €8,606 | -€9,317 | -52.0% |
| Taxes, remuneration and social security | 45 | €7,774 | €12,283 | +€4,509 | +58.0% |
| Taxes | 450/3 | €471 | €3,585 | +€3,113 | +660.4% |
| Remuneration and social security | 454/9 | €7,302 | €8,698 | +€1,396 | +19.1% |
| Other amounts payable | 47/48 | €24,730 | €18,689 | -€6,041 | -24.4% |
| Accrued charges and deferred income | 492/3 | €141,436 | €145,568 | +€4,132 | +2.9% |
| Non-recurring operating income | 76A | €25,469 | €0 | -€25,469 | -100.0% |
| Remuneration, social security and pensions | 62 | €40,955 | €50,416 | +€9,461 | +23.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €142,692 | €103,252 | -€39,440 | -27.6% |
| Other operating charges | 640/8 | €61,525 | €92,697 | +€31,172 | +50.7% |
| Gross operating margin | 9900 | €488,127 | €276,070 | -€212,057 | -43.4% |
| Operating profit (loss) | 9901 | €242,954 | €29,705 | -€213,249 | -87.8% |
| Financial income | 75/76B | €664 | €51 | -€613 | -92.3% |
| Recurring financial income | 75 | €664 | €51 | -€613 | -92.3% |
| Financial charges | 65/66B | €98 | €863 | +€765 | +784.9% |
| Recurring financial charges | 65 | €98 | €863 | +€765 | +784.9% |
| Profit (loss) for the period before taxes | 9903 | €243,521 | €28,893 | -€214,627 | -88.1% |
| Transfer from deferred taxes | 780 | €386 | €0 | -€386 | -100.0% |
| Income taxes | 67/77 | €471 | €479 | +€8 | +1.6% |
| Profit (loss) for the period | 9904 | €243,435 | €28,414 | -€215,021 | -88.3% |
| Transfer from tax-exempt reserves | 789 | €1,157 | €0 | -€1,157 | -100.0% |
| Profit (loss) for the period to be appropriated | 9905 | €244,592 | €28,414 | -€216,177 | -88.4% |
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 2 October 2026 via checked.be.