SOLMAT: 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.
SOLMAT
Largest movements
- Cash +€126,888
up €126,888 (+12.9%), from €981,847 to €1.1m
mainly Net result for the year (+€268,505) and Depreciation (+€67,145)
- Receivables within one year +€52,883
up €52,883 (+15.2%), from €347,504 to €400,387
of which Trade receivables: +€33,970
- Tangible fixed assets -€26,277
down €26,277 (-6.1%), from €430,220 to €403,942
of which Furniture and vehicles: -€17,734
- Profit (loss) carried forward +€268,505
up €268,505 (+34.3%), from €783,609 to €1.1m
- Tax, wage and social debts -€76,198
down €76,198 (-63.0%), from €120,943 to €44,745
of which Taxes: -€63,239
- Advances received -€48,400
no longer reported in 2025 (was €48,400)
- Debts after one year -€29,017
down €29,017 (-9.9%), from €292,807 to €263,790
- Trade debts +€24,503
up €24,503 (+13.6%), from €180,420 to €204,922
- Taxes -€30,984
down €30,984 (-30.2%), from €102,753 to €71,768
- Financial income +€26,146
up €26,146 (+14,856%), from €176 to €26,322
- Gross operating margin -€19,121
down €19,121 (-2.7%), from €704,729 to €685,608
- Staff costs +€19,097
up €19,097 (+7.0%), from €274,644 to €293,741
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 | €1,796,310 | €1,967,734 | +€171,424 | +9.5% |
| Fixed assets | 21/28 | €434,303 | €408,026 | -€26,277 | -6.1% |
| Tangible fixed assets | 22/27 | €430,220 | €403,942 | -€26,277 | -6.1% |
| Land and buildings | 22 | €309,131 | €300,588 | -€8,543 | -2.8% |
| Furniture and vehicles | 24 | €121,088 | €103,354 | -€17,734 | -14.6% |
| Financial fixed assets | 28 | €4,083 | €4,083 | = | 0.0% |
| Current assets | 29/58 | €1,362,007 | €1,559,708 | +€197,701 | +14.5% |
| Stocks and contracts in progress | 3 | €29,581 | €42,769 | +€13,188 | +44.6% |
| Stocks | 30/36 | €29,581 | €42,769 | +€13,188 | +44.6% |
| Amounts receivable within one year | 40/41 | €347,504 | €400,387 | +€52,883 | +15.2% |
| Trade receivables | 40 | €149,156 | €183,125 | +€33,970 | +22.8% |
| Other amounts receivable | 41 | €198,348 | €217,262 | +€18,913 | +9.5% |
| Cash at bank and in hand | 54/58 | €981,847 | €1,108,735 | +€126,888 | +12.9% |
| Deferred charges and accrued income | 490/1 | €3,075 | €7,818 | +€4,742 | +154% |
| Total equity and liabilities | 10/49 | €1,796,310 | €1,967,734 | +€171,424 | +9.5% |
| Equity | 10/15 | €1,114,812 | €1,383,317 | +€268,505 | +24.1% |
| Contributions | 10/11 | €16,200 | €16,200 | = | 0.0% |
| Reserves | 13 | €315,003 | €315,003 | = | 0.0% |
| Tax-exempt reserves | 132 | €18,750 | €18,750 | = | 0.0% |
| Distributable reserves | 133 | €296,253 | €296,253 | = | 0.0% |
| Profit (loss) carried forward | 14 | €783,609 | €1,052,114 | +€268,505 | +34.3% |
| Amounts payable | 17/49 | €681,499 | €584,418 | -€97,081 | -14.2% |
| Amounts payable after more than one year | 17 | €292,807 | €263,790 | -€29,017 | -9.9% |
| Financial debts | 170/4 | €292,807 | €263,790 | -€29,017 | -9.9% |
| Amounts payable within one year | 42/48 | €388,110 | €301,753 | -€86,357 | -22.3% |
| Current portion of amounts payable after more than one year | 42 | €27,597 | €29,017 | +€1,420 | +5.1% |
| Trade debts | 44 | €180,420 | €204,922 | +€24,503 | +13.6% |
| Suppliers | 440/4 | €180,420 | €204,922 | +€24,503 | +13.6% |
| Advances received on contracts in progress | 46 | €48,400 | - | -€48,400 | |
| Taxes, remuneration and social security | 45 | €120,943 | €44,745 | -€76,198 | -63.0% |
| Taxes | 450/3 | €83,239 | €20,000 | -€63,239 | -76.0% |
| Remuneration and social security | 454/9 | €37,704 | €24,745 | -€12,959 | -34.4% |
| Other amounts payable | 47/48 | €10,750 | €23,069 | +€12,319 | +115% |
| Accrued charges and deferred income | 492/3 | €581 | €18,874 | +€18,292 | +3,146% |
| Remuneration, social security and pensions | 62 | €274,644 | €293,741 | +€19,097 | +7.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €60,901 | €67,145 | +€6,245 | +10.3% |
| Other operating charges | 640/8 | €4,526 | €1,118 | -€3,407 | -75.3% |
| Gross operating margin | 9900 | €704,729 | €685,608 | -€19,121 | -2.7% |
| Operating profit (loss) | 9901 | €364,658 | €323,604 | -€41,055 | -11.3% |
| Financial income | 75/76B | €176 | €26,322 | +€26,146 | +14,856% |
| Recurring financial income | 75 | €176 | €26,322 | +€26,146 | +14,856% |
| Financial charges | 65/66B | €6,038 | €9,652 | +€3,614 | +59.9% |
| Recurring financial charges | 65 | €6,038 | €9,652 | +€3,614 | +59.9% |
| Profit (loss) for the period before taxes | 9903 | €358,796 | €340,274 | -€18,523 | -5.2% |
| Income taxes | 67/77 | €102,753 | €71,768 | -€30,984 | -30.2% |
| Profit (loss) for the period | 9904 | €256,044 | €268,505 | +€12,461 | +4.9% |
| Profit (loss) for the period to be appropriated | 9905 | €256,044 | €268,505 | +€12,461 | +4.9% |
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 24 October 2026 via checked.be.