SOLIT PROJECTS: 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.
SOLIT PROJECTS
Largest movements
- Tangible fixed assets -€104,566
down €104,566 (-22.8%), from €457,622 to €353,056
of which Land and buildings: -€101,723
- Cash +€24,650
up €24,650 (+42.5%), from €58,003 to €82,653
mainly Investment in fixed assets (net) (+€83,223) and Net result for the year (+€80,513)
- Debts after one year -€81,227
down €81,227 (-24.1%), from €336,650 to €255,423
- Short-term financial debts -€67,000
down €67,000 (-100%), from €67,000 to €0
- Reserves +€62,370
up €62,370 (+51.9%), from €120,107 to €182,477
of which Tax-exempt reserves: +€60,692
- Provisions +€15,173
new in 2025: €15,173
- Current portion of long-term debt -€7,771
down €7,771 (-32.5%), from €23,874 to €16,103
- Gross operating margin +€78,343
up €78,343 (+117%), from €66,962 to €145,306
- Depreciation -€13,670
down €13,670 (-39.0%), from €35,013 to €21,343
- Taxes +€4,166
up €4,166 (+122%), from €3,419 to €7,585
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.
Derived cash bridge
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 | €581,304 | €498,177 | -€83,127 | -14.3% |
| Fixed assets | 21/28 | €457,622 | €353,056 | -€104,566 | -22.8% |
| Tangible fixed assets | 22/27 | €457,622 | €353,056 | -€104,566 | -22.8% |
| Land and buildings | 22 | €428,172 | €326,449 | -€101,723 | -23.8% |
| Plant, machinery and equipment | 23 | €24,952 | €23,781 | -€1,170 | -4.7% |
| Furniture and vehicles | 24 | €4,499 | €2,826 | -€1,673 | -37.2% |
| Current assets | 29/58 | €123,682 | €145,121 | +€21,439 | +17.3% |
| Stocks and contracts in progress | 3 | €152 | €152 | = | 0.0% |
| Stocks | 30/36 | €152 | €152 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €23,135 | €23,618 | +€484 | +2.1% |
| Trade receivables | 40 | €23,054 | €21,704 | -€1,350 | -5.9% |
| Other amounts receivable | 41 | €81 | €1,915 | +€1,834 | +2,270% |
| Cash at bank and in hand | 54/58 | €58,003 | €82,653 | +€24,650 | +42.5% |
| Deferred charges and accrued income | 490/1 | €42,392 | €38,698 | -€3,694 | -8.7% |
| Total equity and liabilities | 10/49 | €581,304 | €498,177 | -€83,127 | -14.3% |
| Equity | 10/15 | €132,513 | €194,888 | +€62,375 | +47.1% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €120,107 | €182,477 | +€62,370 | +51.9% |
| Tax-exempt reserves | 132 | €7,500 | €68,192 | +€60,692 | +809% |
| Distributable reserves | 133 | €112,607 | €114,285 | +€1,678 | +1.5% |
| Profit (loss) carried forward | 14 | €6 | €11 | +€5 | +72.5% |
| Provisions and deferred taxes | 16 | - | €15,173 | +€15,173 | |
| Deferred taxes | 168 | - | €15,173 | +€15,173 | |
| Amounts payable | 17/49 | €448,791 | €288,117 | -€160,674 | -35.8% |
| Amounts payable after more than one year | 17 | €336,650 | €255,423 | -€81,227 | -24.1% |
| Financial debts | 170/4 | €336,650 | €255,423 | -€81,227 | -24.1% |
| Amounts payable within one year | 42/48 | €110,254 | €32,426 | -€77,828 | -70.6% |
| Current portion of amounts payable after more than one year | 42 | €23,874 | €16,103 | -€7,771 | -32.5% |
| Financial debts | 43 | €67,000 | €0 | -€67,000 | -100% |
| Credit institutions | 430/8 | €67,000 | €0 | -€67,000 | -100% |
| Trade debts | 44 | €1,582 | €1,650 | +€68 | +4.3% |
| Suppliers | 440/4 | €1,582 | €1,650 | +€68 | +4.3% |
| Taxes, remuneration and social security | 45 | €16,080 | €13,007 | -€3,073 | -19.1% |
| Taxes | 450/3 | €16,080 | €13,007 | -€3,073 | -19.1% |
| Other amounts payable | 47/48 | €1,718 | €1,666 | -€52 | -3.0% |
| Accrued charges and deferred income | 492/3 | €1,887 | €267 | -€1,620 | -85.9% |
| Non-recurring operating income | 76A | - | €86,073 | +€86,073 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €35,013 | €21,343 | -€13,670 | -39.0% |
| Other operating charges | 640/8 | €2,040 | €1,939 | -€101 | -5.0% |
| Non-recurring operating charges | 66A | - | €172 | +€172 | |
| Gross operating margin | 9900 | €66,962 | €145,306 | +€78,343 | +117% |
| Operating profit (loss) | 9901 | €29,909 | €121,851 | +€91,943 | +307% |
| Financial income | 75/76B | €155 | €0 | -€155 | -100% |
| Recurring financial income | 75 | €155 | €0 | -€155 | -100% |
| Financial charges | 65/66B | €17,935 | €18,580 | +€646 | +3.6% |
| Recurring financial charges | 65 | €17,935 | €18,580 | +€646 | +3.6% |
| Profit (loss) for the period before taxes | 9903 | €12,129 | €103,271 | +€91,142 | +751% |
| Transfer from deferred taxes | 780 | - | €906 | +€906 | |
| Transfer to deferred taxes | 680 | - | €16,079 | +€16,079 | |
| Income taxes | 67/77 | €3,419 | €7,585 | +€4,166 | +122% |
| Profit (loss) for the period | 9904 | €8,710 | €80,513 | +€71,803 | +824% |
| Transfer from tax-exempt reserves | 789 | - | €3,622 | +€3,622 | |
| Transfer to tax-exempt reserves | 689 | - | €64,314 | +€64,314 | |
| Profit (loss) for the period to be appropriated | 9905 | €8,710 | €19,821 | +€11,111 | +128% |
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 15 October 2026 via checked.be.