Soliseal: what changed
Soliseal
Largest movements
- Tangible fixed assets -€245,092
down €245,092 (-54.3%), from €451,628 to €206,536
- Receivables within one year -€26,787
down €26,787 (-8.4%), from €320,576 to €293,789
of which Trade receivables: -€53,107
- Cash -€10,140
down €10,140 (-10.7%), from €95,150 to €85,011
mainly Current portion of long-term debt (-€85,048) and Debts after one year (-€78,119)
- Current portion of long-term debt -€85,048
down €85,048 (-54.3%), from €156,690 to €71,643
- Debts after one year -€78,119
down €78,119 (-48.6%), from €160,656 to €82,537
- Trade debts -€68,078
down €68,078 (-32.0%), from €212,937 to €144,859
- Reserves -€40,999
down €40,999 (-21.4%), from €191,423 to €150,423
- Tax, wage and social debts -€12,130
down €12,130 (-99.2%), from €12,228 to €98
of which Remuneration and social security: -€10,680
- Depreciation -€30,460
down €30,460 (-12.8%), from €238,143 to €207,683
- Gross operating margin +€17,552
up €17,552 (+3.0%), from €577,761 to €595,314
- Staff costs +€16,109
up €16,109 (+4.4%), from €363,190 to €379,298
- Financial charges -€12,402
down €12,402 (-49.6%), from €25,015 to €12,613
- Other operating charges +€11,187
up €11,187 (+226%), from €4,952 to €16,139
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €906,936 | €622,647 | -€284,289 | -31.3% |
| Fixed assets | 21/28 | €469,758 | €221,201 | -€248,557 | -52.9% |
| Intangible fixed assets | 21 | €9,370 | €7,870 | -€1,500 | -16.0% |
| Tangible fixed assets | 22/27 | €451,628 | €206,536 | -€245,092 | -54.3% |
| Plant, machinery and equipment | 23 | €81,506 | €18,444 | -€63,061 | -77.4% |
| Furniture and vehicles | 24 | €176,746 | €89,591 | -€87,155 | -49.3% |
| Leasing and similar rights | 25 | €185,091 | €93,015 | -€92,076 | -49.7% |
| Other tangible fixed assets | 26 | €8,285 | €5,485 | -€2,800 | -33.8% |
| Financial fixed assets | 28 | €8,760 | €6,795 | -€1,965 | -22.4% |
| Current assets | 29/58 | €437,178 | €401,446 | -€35,732 | -8.2% |
| Stocks and contracts in progress | 3 | €12,743 | €12,743 | = | 0.0% |
| Stocks | 30/36 | €12,743 | €12,743 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €320,576 | €293,789 | -€26,787 | -8.4% |
| Trade receivables | 40 | €142,076 | €88,969 | -€53,107 | -37.4% |
| Other amounts receivable | 41 | €178,500 | €204,820 | +€26,320 | +14.7% |
| Cash at bank and in hand | 54/58 | €95,150 | €85,011 | -€10,140 | -10.7% |
| Deferred charges and accrued income | 490/1 | €8,708 | €9,903 | +€1,195 | +13.7% |
| Total equity and liabilities | 10/49 | €906,936 | €622,647 | -€284,289 | -31.3% |
| Equity | 10/15 | €210,015 | €169,015 | -€40,999 | -19.5% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €191,423 | €150,423 | -€40,999 | -21.4% |
| Distributable reserves | 133 | €191,423 | €150,423 | -€40,999 | -21.4% |
| Amounts payable | 17/49 | €696,922 | €453,631 | -€243,290 | -34.9% |
| Amounts payable after more than one year | 17 | €160,656 | €82,537 | -€78,119 | -48.6% |
| Financial debts | 170/4 | €160,656 | €82,537 | -€78,119 | -48.6% |
| Amounts payable within one year | 42/48 | €536,265 | €371,094 | -€165,171 | -30.8% |
| Current portion of amounts payable after more than one year | 42 | €156,690 | €71,643 | -€85,048 | -54.3% |
| Financial debts | 43 | €150,000 | €150,000 | = | 0.0% |
| Credit institutions | 430/8 | €150,000 | €150,000 | = | 0.0% |
| Trade debts | 44 | €212,937 | €144,859 | -€68,078 | -32.0% |
| Suppliers | 440/4 | €212,937 | €144,859 | -€68,078 | -32.0% |
| Taxes, remuneration and social security | 45 | €12,228 | €98 | -€12,130 | -99.2% |
| Taxes | 450/3 | €1,548 | €98 | -€1,450 | -93.7% |
| Remuneration and social security | 454/9 | €10,680 | - | -€10,680 | |
| Other amounts payable | 47/48 | €4,410 | €4,495 | +€85 | +1.9% |
| Non-recurring operating income | 76A | €29,716 | €19,564 | -€10,152 | -34.2% |
| Remuneration, social security and pensions | 62 | €363,190 | €379,298 | +€16,109 | +4.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €238,143 | €207,683 | -€30,460 | -12.8% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €624 | €1,633 | +€1,009 | +162% |
| Other operating charges | 640/8 | €4,952 | €16,139 | +€11,187 | +226% |
| Non-recurring operating charges | 66A | - | €19,549 | +€19,549 | |
| Gross operating margin | 9900 | €577,761 | €595,314 | +€17,552 | +3.0% |
| Operating profit (loss) | 9901 | -€29,148 | -€28,989 | +€159 | +0.5% |
| Financial income | 75/76B | €246 | €603 | +€357 | +145% |
| Recurring financial income | 75 | €246 | €603 | +€357 | +145% |
| Financial charges | 65/66B | €25,015 | €12,613 | -€12,402 | -49.6% |
| Recurring financial charges | 65 | €25,015 | €12,613 | -€12,402 | -49.6% |
| Profit (loss) for the period before taxes | 9903 | -€53,916 | -€40,999 | +€12,917 | +24.0% |
| Income taxes | 67/77 | €168 | - | -€168 | |
| Profit (loss) for the period | 9904 | -€54,084 | -€40,999 | +€13,085 | +24.2% |
| Profit (loss) for the period to be appropriated | 9905 | -€54,084 | -€40,999 | +€13,085 | +24.2% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 2 November 2026 via checked.be.