SOLIVET: 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.
SOLIVET
Largest movements
- Stocks and contracts -€60,738
down €60,738 (-45.8%), from €132,619 to €71,881
- Receivables within one year +€58,778
up €58,778 (+179%), from €32,755 to €91,534
of which Other amounts receivable: +€39,751
- Cash -€13,739
down €13,739 (-7.7%), from €178,570 to €164,831
mainly Investment in fixed assets (net) (-€90,002) and Receivables within one year (-€58,778)
- Debts after one year -€51,837
down €51,837 (-16.1%), from €322,819 to €270,982
- Reserves +€41,502
up €41,502 (+15.6%), from €266,864 to €308,366
- Gross operating margin -€66,391
down €66,391 (-19.9%), from €334,240 to €267,849
- Taxes -€25,369
down €25,369 (-46.3%), from €54,816 to €29,447
- Staff costs +€13,619
up €13,619 (+40.3%), from €33,783 to €47,402
- Depreciation +€4,417
up €4,417 (+5.7%), from €77,527 to €81,943
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 | €1,021,826 | €1,014,349 | -€7,477 | -0.7% |
| Fixed assets | 21/28 | €676,153 | €684,211 | +€8,059 | +1.2% |
| Tangible fixed assets | 22/27 | €676,153 | €684,211 | +€8,059 | +1.2% |
| Land and buildings | 22 | €474,273 | €447,593 | -€26,680 | -5.6% |
| Plant, machinery and equipment | 23 | €188,977 | €147,515 | -€41,461 | -21.9% |
| Furniture and vehicles | 24 | €3,917 | €7,473 | +€3,556 | +90.8% |
| Assets under construction and advance payments | 27 | €8,986 | €81,630 | +€72,644 | +808% |
| Current assets | 29/58 | €345,674 | €330,138 | -€15,536 | -4.5% |
| Stocks and contracts in progress | 3 | €132,619 | €71,881 | -€60,738 | -45.8% |
| Stocks | 30/36 | €132,619 | €71,881 | -€60,738 | -45.8% |
| Amounts receivable within one year | 40/41 | €32,755 | €91,534 | +€58,778 | +179% |
| Trade receivables | 40 | €24,070 | €43,097 | +€19,027 | +79.0% |
| Other amounts receivable | 41 | €8,685 | €48,436 | +€39,751 | +458% |
| Cash at bank and in hand | 54/58 | €178,570 | €164,831 | -€13,739 | -7.7% |
| Deferred charges and accrued income | 490/1 | €1,730 | €1,893 | +€163 | +9.5% |
| Total equity and liabilities | 10/49 | €1,021,826 | €1,014,349 | -€7,477 | -0.7% |
| Equity | 10/15 | €351,864 | €393,366 | +€41,502 | +11.8% |
| Contributions | 10/11 | €85,000 | €85,000 | = | 0.0% |
| Reserves | 13 | €266,864 | €308,366 | +€41,502 | +15.6% |
| Distributable reserves | 133 | €266,864 | €308,366 | +€41,502 | +15.6% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €669,963 | €620,984 | -€48,979 | -7.3% |
| Amounts payable after more than one year | 17 | €322,819 | €270,982 | -€51,837 | -16.1% |
| Financial debts | 170/4 | €322,819 | €270,982 | -€51,837 | -16.1% |
| Amounts payable within one year | 42/48 | €341,381 | €343,369 | +€1,988 | +0.6% |
| Current portion of amounts payable after more than one year | 42 | €54,023 | €59,862 | +€5,839 | +10.8% |
| Trade debts | 44 | €131,139 | €136,821 | +€5,681 | +4.3% |
| Suppliers | 440/4 | €131,139 | €136,821 | +€5,681 | +4.3% |
| Taxes, remuneration and social security | 45 | €55,234 | €48,903 | -€6,331 | -11.5% |
| Taxes | 450/3 | €45,085 | €37,382 | -€7,703 | -17.1% |
| Remuneration and social security | 454/9 | €10,149 | €11,522 | +€1,372 | +13.5% |
| Other amounts payable | 47/48 | €100,985 | €97,784 | -€3,201 | -3.2% |
| Accrued charges and deferred income | 492/3 | €5,762 | €6,632 | +€870 | +15.1% |
| Non-recurring operating income | 76A | €4,000 | €0 | -€4,000 | -100% |
| Remuneration, social security and pensions | 62 | €33,783 | €47,402 | +€13,619 | +40.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €77,527 | €81,943 | +€4,417 | +5.7% |
| Other operating charges | 640/8 | €4,388 | €4,918 | +€530 | +12.1% |
| Gross operating margin | 9900 | €334,240 | €267,849 | -€66,391 | -19.9% |
| Operating profit (loss) | 9901 | €218,543 | €133,586 | -€84,957 | -38.9% |
| Financial income | 75/76B | €38 | €204 | +€167 | +443% |
| Recurring financial income | 75 | €38 | €204 | +€167 | +443% |
| Financial charges | 65/66B | €19,262 | €19,187 | -€75 | -0.4% |
| Recurring financial charges | 65 | €19,262 | €19,187 | -€75 | -0.4% |
| Profit (loss) for the period before taxes | 9903 | €199,319 | €114,603 | -€84,716 | -42.5% |
| Income taxes | 67/77 | €54,816 | €29,447 | -€25,369 | -46.3% |
| Profit (loss) for the period | 9904 | €144,503 | €85,156 | -€59,347 | -41.1% |
| Profit (loss) for the period to be appropriated | 9905 | €144,503 | €85,156 | -€59,347 | -41.1% |
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 17 October 2026 via checked.be.