SOLIVERDI: 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.
SOLIVERDI
Largest movements
- Receivables after one year +€75,000
new in 2025: €75,000
- Receivables within one year +€68,627
up €68,627 (+76.8%), from €89,392 to €158,020
of which Other amounts receivable: +€102,963
- Tangible fixed assets -€37,861
down €37,861 (-46.3%), from €81,811 to €43,951
of which Plant, machinery and equipment: -€25,158
- Stocks and contracts -€10,221
down €10,221 (-8.3%), from €122,601 to €112,380
- Cash -€7,151
down €7,151 (-16.9%), from €42,322 to €35,172
mainly Receivables after one year (-€75,000) and Contributions, distributions and other (-€69,940)
- Debts after one year +€63,737
up €63,737 (+367.9%), from €17,323 to €81,059
- Profit (loss) carried forward -€51,152
down €51,152 (-44.7%), from €114,408 to €63,256
- Current portion of long-term debt +€48,408
up €48,408 (+306.8%), from €15,779 to €64,187
- Other debts -€35,555
down €35,555 (-41.3%), from €86,063 to €50,508
- Trade debts +€33,613
up €33,613 (+48.4%), from €69,494 to €103,107
- Gross operating margin +€76,187
up €76,187 (+12.4%), from €612,622 to €688,809
- Staff costs +€73,475
up €73,475 (+16.0%), from €459,664 to €533,139
- Write-downs -€29,269
down €29,269 (-100.0%), from €29,269 to €0
- Taxes -€15,543
down €15,543 (-58.4%), from €26,596 to €11,053
- Depreciation -€8,932
down €8,932 (-16.7%), from €53,507 to €44,575
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 | €382,342 | €472,798 | +€90,456 | +23.7% |
| Fixed assets | 21/28 | €96,940 | €54,641 | -€42,299 | -43.6% |
| Intangible fixed assets | 21 | €15,129 | €10,691 | -€4,438 | -29.3% |
| Tangible fixed assets | 22/27 | €81,811 | €43,951 | -€37,861 | -46.3% |
| Plant, machinery and equipment | 23 | €57,101 | €31,943 | -€25,158 | -44.1% |
| Furniture and vehicles | 24 | €11,855 | €5,399 | -€6,455 | -54.5% |
| Leasing and similar rights | 25 | €2,824 | €0 | -€2,824 | -100.0% |
| Other tangible fixed assets | 26 | €10,032 | €6,608 | -€3,423 | -34.1% |
| Assets under construction and advance payments | 27 | €0 | - | = | |
| Current assets | 29/58 | €285,402 | €418,157 | +€132,755 | +46.5% |
| Amounts receivable after more than one year | 29 | - | €75,000 | +€75,000 | |
| Other amounts receivable | 291 | - | €75,000 | +€75,000 | |
| Stocks and contracts in progress | 3 | €122,601 | €112,380 | -€10,221 | -8.3% |
| Stocks | 30/36 | €122,601 | €112,380 | -€10,221 | -8.3% |
| Amounts receivable within one year | 40/41 | €89,392 | €158,020 | +€68,627 | +76.8% |
| Trade receivables | 40 | €69,415 | €35,079 | -€34,336 | -49.5% |
| Other amounts receivable | 41 | €19,978 | €122,941 | +€102,963 | +515.4% |
| Cash at bank and in hand | 54/58 | €42,322 | €35,172 | -€7,151 | -16.9% |
| Deferred charges and accrued income | 490/1 | €31,086 | €37,585 | +€6,499 | +20.9% |
| Total equity and liabilities | 10/49 | €382,342 | €472,798 | +€90,456 | +23.7% |
| Equity | 10/15 | €135,031 | €88,938 | -€46,092 | -34.1% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €623 | €623 | = | 0.0% |
| Distributable reserves | 133 | €623 | €623 | = | 0.0% |
| Profit (loss) carried forward | 14 | €114,408 | €63,256 | -€51,152 | -44.7% |
| Investment grants | 15 | €0 | €5,060 | +€5,060 | |
| Amounts payable | 17/49 | €247,311 | €383,860 | +€136,548 | +55.2% |
| Amounts payable after more than one year | 17 | €17,323 | €81,059 | +€63,737 | +367.9% |
| Financial debts | 170/4 | €17,323 | €81,059 | +€63,737 | +367.9% |
| Amounts payable within one year | 42/48 | €229,980 | €302,800 | +€72,820 | +31.7% |
| Current portion of amounts payable after more than one year | 42 | €15,779 | €64,187 | +€48,408 | +306.8% |
| Financial debts | 43 | €0 | €25,000 | +€25,000 | |
| Credit institutions | 430/8 | €0 | €25,000 | +€25,000 | |
| Trade debts | 44 | €69,494 | €103,107 | +€33,613 | +48.4% |
| Suppliers | 440/4 | €69,494 | €103,107 | +€33,613 | +48.4% |
| Advances received on contracts in progress | 46 | €0 | - | = | |
| Taxes, remuneration and social security | 45 | €58,645 | €59,999 | +€1,354 | +2.3% |
| Taxes | 450/3 | €12,560 | €20,085 | +€7,525 | +59.9% |
| Remuneration and social security | 454/9 | €46,085 | €39,914 | -€6,172 | -13.4% |
| Other amounts payable | 47/48 | €86,063 | €50,508 | -€35,555 | -41.3% |
| Accrued charges and deferred income | 492/3 | €8 | €0 | -€8 | -100.0% |
| Non-recurring operating income | 76A | €4,726 | €0 | -€4,726 | -100.0% |
| Remuneration, social security and pensions | 62 | €459,664 | €533,139 | +€73,475 | +16.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €53,507 | €44,575 | -€8,932 | -16.7% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €29,269 | €0 | -€29,269 | -100.0% |
| Other operating charges | 640/8 | €15,324 | €9,615 | -€5,709 | -37.3% |
| Non-recurring operating charges | 66A | €0 | €46,255 | +€46,255 | |
| Gross operating margin | 9900 | €612,622 | €688,809 | +€76,187 | +12.4% |
| Operating profit (loss) | 9901 | €54,858 | €55,224 | +€366 | +0.7% |
| Financial income | 75/76B | €3,113 | €5,736 | +€2,623 | +84.2% |
| Recurring financial income | 75 | €3,113 | €5,736 | +€2,623 | +84.2% |
| Financial charges | 65/66B | €19,625 | €26,059 | +€6,434 | +32.8% |
| Recurring financial charges | 65 | €19,625 | €26,059 | +€6,434 | +32.8% |
| Profit (loss) for the period before taxes | 9903 | €38,346 | €34,901 | -€3,445 | -9.0% |
| Income taxes | 67/77 | €26,596 | €11,053 | -€15,543 | -58.4% |
| Profit (loss) for the period | 9904 | €11,750 | €23,848 | +€12,097 | +103.0% |
| Profit (loss) for the period to be appropriated | 9905 | €11,750 | €23,848 | +€12,097 | +103.0% |
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 11 October 2026 via checked.be.