SOLMARES: 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.
SOLMARES
Largest movements
- Stocks and contracts -€26,017
down €26,017 (-67.7%), from €38,435 to €12,419
- Receivables within one year -€4,758
no longer reported in 2025 (was €4,758)
of which Other amounts receivable: -€4,058
- Cash +€2,040
new in 2025: €2,040
mainly Stocks and contracts (+€26,017) and Receivables within one year (+€4,758)
- Other debts -€13,356
down €13,356 (-20.8%), from €64,137 to €50,781
- Profit (loss) carried forward -€9,520
down €9,520 (-18.9%), from -€50,318 to -€59,838
- Short-term financial debts -€7,242
no longer reported in 2025 (was €7,242)
- Trade debts +€877
new in 2025: €877
- Tax, wage and social debts +€507
up €507 (+13.7%), from €3,700 to €4,207
of which Taxes: +€507
- Gross operating margin +€764
up €764 (+8.1%), from -€9,401 to -€8,637
- Financial charges -€551
down €551 (-58.4%), from €943 to €393
- Other operating charges -€251
down €251 (-33.5%), from €749 to €498
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 | €43,361 | €14,627 | -€28,735 | -66.3% |
| Fixed assets | 21/28 | €168 | €168 | = | 0.0% |
| Tangible fixed assets | 22/27 | €168 | €168 | = | 0.0% |
| Furniture and vehicles | 24 | €168 | €168 | = | 0.0% |
| Current assets | 29/58 | €43,193 | €14,459 | -€28,735 | -66.5% |
| Stocks and contracts in progress | 3 | €38,435 | €12,419 | -€26,017 | -67.7% |
| Stocks | 30/36 | €38,435 | €12,419 | -€26,017 | -67.7% |
| Amounts receivable within one year | 40/41 | €4,758 | - | -€4,758 | |
| Trade receivables | 40 | €700 | - | -€700 | |
| Other amounts receivable | 41 | €4,058 | - | -€4,058 | |
| Cash at bank and in hand | 54/58 | - | €2,040 | +€2,040 | |
| Total equity and liabilities | 10/49 | €43,361 | €14,627 | -€28,735 | -66.3% |
| Equity | 10/15 | -€31,718 | -€41,238 | -€9,520 | -30.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€50,318 | -€59,838 | -€9,520 | -18.9% |
| Amounts payable | 17/49 | €75,079 | €55,865 | -€19,215 | -25.6% |
| Amounts payable within one year | 42/48 | €75,079 | €55,865 | -€19,215 | -25.6% |
| Financial debts | 43 | €7,242 | - | -€7,242 | |
| Credit institutions | 430/8 | €7,242 | - | -€7,242 | |
| Trade debts | 44 | - | €877 | +€877 | |
| Suppliers | 440/4 | - | €877 | +€877 | |
| Taxes, remuneration and social security | 45 | €3,700 | €4,207 | +€507 | +13.7% |
| Taxes | 450/3 | - | €507 | +€507 | |
| Remuneration and social security | 454/9 | €3,700 | €3,700 | = | 0.0% |
| Other amounts payable | 47/48 | €64,137 | €50,781 | -€13,356 | -20.8% |
| Other operating charges | 640/8 | €749 | €498 | -€251 | -33.5% |
| Gross operating margin | 9900 | -€9,401 | -€8,637 | +€764 | +8.1% |
| Operating profit (loss) | 9901 | -€10,150 | -€9,135 | +€1,016 | +10.0% |
| Financial income | 75/76B | - | €57 | +€57 | |
| Recurring financial income | 75 | - | €57 | +€57 | |
| Financial charges | 65/66B | €943 | €393 | -€551 | -58.4% |
| Recurring financial charges | 65 | €943 | €393 | -€551 | -58.4% |
| Profit (loss) for the period before taxes | 9903 | -€11,094 | -€9,470 | +€1,624 | +14.6% |
| Profit (loss) for the period | 9904 | -€11,094 | -€9,470 | +€1,624 | +14.6% |
| Profit (loss) for the period to be appropriated | 9905 | -€11,094 | -€9,470 | +€1,624 | +14.6% |
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.