Solmaris: 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.
Solmaris
Largest movements
- Receivables within one year -€53,110
down €53,110 (-16.4%), from €323,261 to €270,151
of which Trade receivables: -€66,241
- Cash -€6,901
down €6,901 (-95.3%), from €7,240 to €340
mainly Net result for the year (-€159,326) and Short-term financial debts (-€74,691)
- Deferred charges and accrued income -€6,809
down €6,809 (-58.2%), from €11,707 to €4,898
- Tangible fixed assets -€5,551
down €5,551 (-7.1%), from €78,736 to €73,185
of which Land and buildings: -€4,952
- Profit (loss) carried forward -€159,326
new in 2024: -€159,326
- Trade debts +€132,198
up €132,198 (+82.6%), from €160,039 to €292,237
- Other debts +€95,023
up €95,023 (+1232.3%), from €7,711 to €102,734
- Short-term financial debts -€74,691
down €74,691 (-60.1%), from €124,176 to €49,485
- Accrued charges and deferred income -€50,939
down €50,939 (-60.0%), from €84,906 to €33,967
- Gross operating margin -€230,819
down €230,819, from €103,909 to -€126,910
- Depreciation -€17,967
down €17,967 (-76.4%), from €23,518 to €5,551
- Financial charges +€5,156
up €5,156 (+33.7%), from €15,314 to €20,470
of which Financial charges: +€5,298
- Taxes -€5,116
no longer reported in 2024 (was €5,116)
- Other operating charges -€2,500
down €2,500 (-27.7%), from €9,011 to €6,511
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €537,825 | €462,930 | -€74,896 | -13.9% |
| Fixed assets | 21/28 | €78,736 | €73,185 | -€5,551 | -7.1% |
| Tangible fixed assets | 22/27 | €78,736 | €73,185 | -€5,551 | -7.1% |
| Land and buildings | 22 | €78,137 | €73,185 | -€4,952 | -6.3% |
| Plant, machinery and equipment | 23 | €599 | €0 | -€599 | -100.0% |
| Current assets | 29/58 | €459,089 | €389,745 | -€69,345 | -15.1% |
| Amounts receivable after more than one year | 29 | €105,856 | €105,856 | = | 0.0% |
| Other amounts receivable | 291 | €105,856 | €105,856 | = | 0.0% |
| Stocks and contracts in progress | 3 | €11,025 | €8,500 | -€2,525 | -22.9% |
| Stocks | 30/36 | €11,025 | €8,500 | -€2,525 | -22.9% |
| Amounts receivable within one year | 40/41 | €323,261 | €270,151 | -€53,110 | -16.4% |
| Trade receivables | 40 | €294,736 | €228,496 | -€66,241 | -22.5% |
| Other amounts receivable | 41 | €28,524 | €41,655 | +€13,130 | +46.0% |
| Cash at bank and in hand | 54/58 | €7,240 | €340 | -€6,901 | -95.3% |
| Deferred charges and accrued income | 490/1 | €11,707 | €4,898 | -€6,809 | -58.2% |
| Total equity and liabilities | 10/49 | €537,825 | €462,930 | -€74,896 | -13.9% |
| Equity | 10/15 | €110,152 | -€49,175 | -€159,326 | |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Capital | 10 | - | €18,592 | +€18,592 | |
| Issued capital | 100 | - | €18,592 | +€18,592 | |
| Reserves | 13 | €91,560 | €91,560 | = | 0.0% |
| Distributable reserves | 133 | €91,560 | €91,560 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | -€159,326 | -€159,326 | |
| Amounts payable | 17/49 | €427,674 | €512,104 | +€84,430 | +19.7% |
| Amounts payable after more than one year | 17 | €26,437 | €8,948 | -€17,489 | -66.2% |
| Financial debts | 170/4 | €26,437 | €8,948 | -€17,489 | -66.2% |
| Amounts payable within one year | 42/48 | €316,331 | €469,190 | +€152,859 | +48.3% |
| Current portion of amounts payable after more than one year | 42 | €16,962 | €13,245 | -€3,717 | -21.9% |
| Financial debts | 43 | €124,176 | €49,485 | -€74,691 | -60.1% |
| Credit institutions | 430/8 | €124,176 | €49,485 | -€74,691 | -60.1% |
| Trade debts | 44 | €160,039 | €292,237 | +€132,198 | +82.6% |
| Suppliers | 440/4 | €160,039 | €292,237 | +€132,198 | +82.6% |
| Taxes, remuneration and social security | 45 | €7,443 | €11,489 | +€4,046 | +54.4% |
| Taxes | 450/3 | €7,443 | €11,489 | +€4,046 | +54.4% |
| Other amounts payable | 47/48 | €7,711 | €102,734 | +€95,023 | +1232.3% |
| Accrued charges and deferred income | 492/3 | €84,906 | €33,967 | -€50,939 | -60.0% |
| Non-recurring operating income | 76A | €561 | €0 | -€561 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €23,518 | €5,551 | -€17,967 | -76.4% |
| Other operating charges | 640/8 | €9,011 | €6,511 | -€2,500 | -27.7% |
| Gross operating margin | 9900 | €103,909 | -€126,910 | -€230,819 | |
| Operating profit (loss) | 9901 | €71,379 | -€138,972 | -€210,351 | |
| Financial income | 75/76B | €211 | €116 | -€95 | -45.2% |
| Recurring financial income | 75 | €211 | €116 | -€95 | -45.2% |
| Financial charges | 65/66B | €15,314 | €20,470 | +€5,156 | +33.7% |
| Recurring financial charges | 65 | €15,172 | €20,470 | +€5,298 | +34.9% |
| Non-recurring financial charges | 66B | €142 | €0 | -€142 | -100.0% |
| Profit (loss) for the period before taxes | 9903 | €56,276 | -€159,326 | -€215,602 | |
| Income taxes | 67/77 | €5,116 | - | -€5,116 | |
| Profit (loss) for the period | 9904 | €51,160 | -€159,326 | -€210,486 | |
| Profit (loss) for the period to be appropriated | 9905 | €51,160 | -€159,326 | -€210,486 |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 11 October 2026 via checked.be.