SOLIREM: 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.
SOLIREM
Largest movements
- Receivables within one year -€353,700
down €353,700 (-75.0%), from €471,418 to €117,718
of which Other amounts receivable: -€184,887
- Tangible fixed assets -€127,749
down €127,749 (-6.3%), from €2.0m to €1.9m
of which Land and buildings: -€95,921
- Cash -€51,839
down €51,839 (-93.7%), from €55,314 to €3,475
mainly Net result for the year (-€273,716) and Trade debts (-€129,192)
- Reserves -€185,602
down €185,602 (-76.4%), from €242,985 to €57,383
of which Distributable reserves: -€182,200
- Trade debts -€129,192
down €129,192 (-40.1%), from €321,980 to €192,788
- Investment grants -€92,820
down €92,820 (-64.3%), from €144,358 to €51,538
- Debts after one year -€87,130
down €87,130 (-4.7%), from €1.8m to €1.8m
- Profit (loss) carried forward -€59,676
down €59,676 (-12.3%), from -€484,830 to -€544,506
- Staff costs -€184,223
down €184,223 (-76.5%), from €240,665 to €56,442
- Gross operating margin -€149,522
down €149,522 (-73.6%), from €203,263 to €53,741
- Financial charges +€15,461
up €15,461 (+17.8%), from €86,749 to €102,210
of which Non-recurring financial charges: +€12,544
- Write-downs -€9,720
down €9,720 (-98.0%), from €9,914 to €194
- Depreciation -€6,845
down €6,845 (-5.0%), from €136,974 to €130,128
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 | €2,592,128 | €2,046,520 | -€545,608 | -21.0% |
| Fixed assets | 21/28 | €2,043,179 | €1,915,431 | -€127,749 | -6.3% |
| Tangible fixed assets | 22/27 | €2,034,588 | €1,906,839 | -€127,749 | -6.3% |
| Land and buildings | 22 | €1,959,644 | €1,863,724 | -€95,921 | -4.9% |
| Plant, machinery and equipment | 23 | €69,785 | €42,303 | -€27,482 | -39.4% |
| Furniture and vehicles | 24 | €5,158 | €812 | -€4,346 | -84.3% |
| Financial fixed assets | 28 | €8,591 | €8,591 | = | 0.0% |
| Current assets | 29/58 | €548,949 | €131,089 | -€417,860 | -76.1% |
| Stocks and contracts in progress | 3 | €20,375 | €6,630 | -€13,745 | -67.5% |
| Stocks | 30/36 | €20,375 | €6,630 | -€13,745 | -67.5% |
| Amounts receivable within one year | 40/41 | €471,418 | €117,718 | -€353,700 | -75.0% |
| Trade receivables | 40 | €244,626 | €75,813 | -€168,814 | -69.0% |
| Other amounts receivable | 41 | €226,792 | €41,906 | -€184,887 | -81.5% |
| Cash at bank and in hand | 54/58 | €55,314 | €3,475 | -€51,839 | -93.7% |
| Deferred charges and accrued income | 490/1 | €1,842 | €3,267 | +€1,425 | +77.3% |
| Total equity and liabilities | 10/49 | €2,592,128 | €2,046,520 | -€545,608 | -21.0% |
| Equity | 10/15 | -€38,659 | -€376,757 | -€338,098 | -874.6% |
| Contributions | 10/11 | €58,828 | €58,828 | = | 0.0% |
| Reserves | 13 | €242,985 | €57,383 | -€185,602 | -76.4% |
| Tax-exempt reserves | 132 | €60,785 | €57,383 | -€3,402 | -5.6% |
| Distributable reserves | 133 | €182,200 | - | -€182,200 | |
| Profit (loss) carried forward | 14 | -€484,830 | -€544,506 | -€59,676 | -12.3% |
| Investment grants | 15 | €144,358 | €51,538 | -€92,820 | -64.3% |
| Provisions and deferred taxes | 16 | €20,262 | €19,128 | -€1,134 | -5.6% |
| Deferred taxes | 168 | €20,262 | €19,128 | -€1,134 | -5.6% |
| Amounts payable | 17/49 | €2,610,526 | €2,404,150 | -€206,377 | -7.9% |
| Amounts payable after more than one year | 17 | €1,843,085 | €1,755,955 | -€87,130 | -4.7% |
| Financial debts | 170/4 | €1,843,085 | €1,755,955 | -€87,130 | -4.7% |
| Amounts payable within one year | 42/48 | €756,173 | €648,195 | -€107,978 | -14.3% |
| Current portion of amounts payable after more than one year | 42 | €83,977 | €87,130 | +€3,153 | +3.8% |
| Financial debts | 43 | €321,720 | €351,270 | +€29,551 | +9.2% |
| Credit institutions | 430/8 | €321,720 | €351,270 | +€29,551 | +9.2% |
| Trade debts | 44 | €321,980 | €192,788 | -€129,192 | -40.1% |
| Suppliers | 440/4 | €321,980 | €192,788 | -€129,192 | -40.1% |
| Taxes, remuneration and social security | 45 | €27,617 | €15,023 | -€12,594 | -45.6% |
| Taxes | 450/3 | €383 | €9,267 | +€8,885 | +2322.5% |
| Remuneration and social security | 454/9 | €27,234 | €5,756 | -€21,479 | -78.9% |
| Other amounts payable | 47/48 | €880 | €1,984 | +€1,104 | +125.5% |
| Accrued charges and deferred income | 492/3 | €11,268 | - | -€11,268 | |
| Non-recurring operating income | 76A | - | €33,711 | +€33,711 | |
| Remuneration, social security and pensions | 62 | €240,665 | €56,442 | -€184,223 | -76.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €136,974 | €130,128 | -€6,845 | -5.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €9,914 | €194 | -€9,720 | -98.0% |
| Other operating charges | 640/8 | €15,967 | €12,678 | -€3,289 | -20.6% |
| Non-recurring operating charges | 66A | €622 | €29,484 | +€28,863 | +4643.2% |
| Gross operating margin | 9900 | €203,263 | €53,741 | -€149,522 | -73.6% |
| Operating profit (loss) | 9901 | -€200,877 | -€175,185 | +€25,692 | +12.8% |
| Financial income | 75/76B | €28 | €2,713 | +€2,685 | +9626.1% |
| Recurring financial income | 75 | €28 | €2,713 | +€2,685 | +9626.1% |
| Financial charges | 65/66B | €86,749 | €102,210 | +€15,461 | +17.8% |
| Recurring financial charges | 65 | €86,702 | €89,619 | +€2,917 | +3.4% |
| Non-recurring financial charges | 66B | €47 | €12,591 | +€12,544 | +26690.4% |
| Profit (loss) for the period before taxes | 9903 | -€287,598 | -€274,682 | +€12,916 | +4.5% |
| Transfer from deferred taxes | 780 | €1,134 | €1,134 | = | 0.0% |
| Income taxes | 67/77 | €320 | €168 | -€152 | -47.6% |
| Profit (loss) for the period | 9904 | -€286,784 | -€273,716 | +€13,068 | +4.6% |
| Transfer from tax-exempt reserves | 789 | €3,402 | €3,402 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€283,383 | -€270,315 | +€13,068 | +4.6% |
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.