SOLMAN: 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.
SOLMAN
Largest movements
- Tangible fixed assets +€530,408
up €530,408 (+74.0%), from €716,418 to €1.2m
of which Land and buildings: +€502,670
- Cash -€393,476
down €393,476 (-85.3%), from €461,071 to €67,595
mainly Investment in fixed assets (net) (-€596,860) and Receivables within one year (-€45,189)
- Receivables within one year +€45,189
up €45,189 (+66.9%), from €67,586 to €112,775
of which Trade receivables: +€44,952
- Reserves +€90,909
up €90,909 (+8.3%), from €1.1m to €1.2m
of which Tax-exempt reserves: +€416,345
- Debts after one year +€66,925
up €66,925 (+67.5%), from €99,205 to €166,130
of which Financial debts: +€65,324
- Profit (loss) carried forward +€30,609
up €30,609 (+1,255%), from €2,439 to €33,048
- Other operating charges +€70,589
up €70,589 (+944%), from €7,481 to €78,070
- Turnover +€62,008
up €62,008 (+16.7%), from €370,835 to €432,843
- Gross operating margin +€48,766
up €48,766 (+18.7%), from €260,223 to €308,989
- Financial income +€7,185
up €7,185 (+454%), from €1,584 to €8,769
- Purchases and services +€6,060
up €6,060 (+5.1%), from €117,794 to €123,854
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 | €1,245,772 | €1,430,385 | +€184,613 | +14.8% |
| Fixed assets | 21/28 | €716,418 | €1,246,826 | +€530,408 | +74.0% |
| Tangible fixed assets | 22/27 | €716,418 | €1,246,826 | +€530,408 | +74.0% |
| Land and buildings | 22 | €697,471 | €1,200,141 | +€502,670 | +72.1% |
| Plant, machinery and equipment | 23 | €14,078 | €43,464 | +€29,386 | +209% |
| Furniture and vehicles | 24 | €4,869 | €3,221 | -€1,648 | -33.8% |
| Current assets | 29/58 | €529,354 | €183,559 | -€345,795 | -65.3% |
| Amounts receivable within one year | 40/41 | €67,586 | €112,775 | +€45,189 | +66.9% |
| Trade receivables | 40 | €28,050 | €73,002 | +€44,952 | +160% |
| Other amounts receivable | 41 | €39,536 | €39,773 | +€237 | +0.6% |
| Cash at bank and in hand | 54/58 | €461,071 | €67,595 | -€393,476 | -85.3% |
| Deferred charges and accrued income | 490/1 | €697 | €3,189 | +€2,492 | +358% |
| Total equity and liabilities | 10/49 | €1,245,772 | €1,430,385 | +€184,613 | +14.8% |
| Equity | 10/15 | €1,102,499 | €1,224,017 | +€121,518 | +11.0% |
| Reserves | 13 | €1,100,060 | €1,190,969 | +€90,909 | +8.3% |
| Non-distributable reserves | 130/1 | €8,060 | €8,060 | = | 0.0% |
| Reserves not available under the articles | 1311 | €8,060 | €8,060 | = | 0.0% |
| Tax-exempt reserves | 132 | - | €416,345 | +€416,345 | |
| Distributable reserves | 133 | €1,092,000 | €766,564 | -€325,436 | -29.8% |
| Profit (loss) carried forward | 14 | €2,439 | €33,048 | +€30,609 | +1,255% |
| Amounts payable | 17/49 | €143,273 | €206,368 | +€63,095 | +44.0% |
| Amounts payable after more than one year | 17 | €99,205 | €166,130 | +€66,925 | +67.5% |
| Financial debts | 170/4 | €85,899 | €151,223 | +€65,324 | +76.0% |
| Other amounts payable | 178/9 | €13,306 | €14,907 | +€1,601 | +12.0% |
| Amounts payable within one year | 42/48 | €43,889 | €40,060 | -€3,829 | -8.7% |
| Trade debts | 44 | €6,073 | €6,879 | +€806 | +13.3% |
| Suppliers | 440/4 | €6,073 | €6,879 | +€806 | +13.3% |
| Taxes, remuneration and social security | 45 | €37,816 | €33,181 | -€4,635 | -12.3% |
| Taxes | 450/3 | €37,816 | €33,181 | -€4,635 | -12.3% |
| Accrued charges and deferred income | 492/3 | €179 | €178 | -€1 | -0.6% |
| Turnover | 70 | €370,835 | €432,843 | +€62,008 | +16.7% |
| Non-recurring operating income | 76A | €7,182 | - | -€7,182 | |
| Goods, raw materials, services and sundry goods | 60/61 | €117,794 | €123,854 | +€6,060 | +5.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €63,573 | €66,452 | +€2,879 | +4.5% |
| Other operating charges | 640/8 | €7,481 | €78,070 | +€70,589 | +944% |
| Gross operating margin | 9900 | €260,223 | €308,989 | +€48,766 | +18.7% |
| Operating profit (loss) | 9901 | €189,169 | €164,467 | -€24,702 | -13.1% |
| Financial income | 75/76B | €1,584 | €8,769 | +€7,185 | +454% |
| Recurring financial income | 75 | €1,584 | €8,769 | +€7,185 | +454% |
| Financial charges | 65/66B | €7,192 | €3,720 | -€3,472 | -48.3% |
| Recurring financial charges | 65 | €7,192 | €3,720 | -€3,472 | -48.3% |
| Profit (loss) for the period before taxes | 9903 | €183,561 | €169,516 | -€14,045 | -7.7% |
| Income taxes | 67/77 | €53,806 | €47,998 | -€5,808 | -10.8% |
| Profit (loss) for the period | 9904 | €129,755 | €121,518 | -€8,237 | -6.3% |
| Transfer to tax-exempt reserves | 689 | - | €90,909 | +€90,909 | |
| Profit (loss) for the period to be appropriated | 9905 | €129,755 | €30,609 | -€99,146 | -76.4% |
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 16 October 2026 via checked.be.