SOLMEN: what changed
Two fiscal 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.
SOLMEN
Largest movements
- Tangible fixed assets -€69,028
down €69,028 (-23.4%), from €294,463 to €225,435
of which Land and buildings: -€73,988
- Cash +€32,925
up €32,925 (+411562.5%), from €8 to €32,933
mainly Advances received (+€56,045) and Investment in fixed assets (net) (+€39,202)
- Receivables within one year +€7,641
up €7,641 (+16.2%), from €47,229 to €54,870
of which Trade receivables: +€10,789
- Financial fixed assets +€4,000
up €4,000 (+506.3%), from €790 to €4,790
- Advances received +€56,045
new in 2025: €56,045
- Revaluation surpluses -€50,000
down €50,000 (-31.3%), from €160,000 to €110,000
- Short-term financial debts -€46,700
no longer reported in 2025 (was €46,700)
- Trade debts -€38,197
down €38,197 (-77.0%), from €49,627 to €11,430
- Other debts +€19,815
up €19,815 (+130.9%), from €15,136 to €34,951
- Purchases and services +€111,825
up €111,825 (+28.9%), from €386,338 to €498,163
- Gross operating margin +€27,589
up €27,589 (+26.7%), from €103,350 to €130,939
- Depreciation +€9,344
up €9,344 (+54.1%), from €17,282 to €26,626
- Financial charges -€3,487
down €3,487 (-29.9%), from €11,672 to €8,185
- Other operating charges +€3,123
up €3,123 (+95.5%), from €3,271 to €6,394
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.
Cash bridge derived
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 | €351,343 | €323,597 | -€27,746 | -7.9% |
| Fixed assets | 21/28 | €296,053 | €230,225 | -€65,828 | -22.2% |
| Intangible fixed assets | 21 | €800 | - | -€800 | |
| Tangible fixed assets | 22/27 | €294,463 | €225,435 | -€69,028 | -23.4% |
| Land and buildings | 22 | €292,051 | €218,063 | -€73,988 | -25.3% |
| Plant, machinery and equipment | 23 | €2,412 | €2,039 | -€373 | -15.5% |
| Furniture and vehicles | 24 | - | €5,333 | +€5,333 | |
| Financial fixed assets | 28 | €790 | €4,790 | +€4,000 | +506.3% |
| Current assets | 29/58 | €55,290 | €93,372 | +€38,082 | +68.9% |
| Stocks and contracts in progress | 3 | €8,053 | €5,569 | -€2,484 | -30.8% |
| Stocks | 30/36 | €8,053 | €5,569 | -€2,484 | -30.8% |
| Amounts receivable within one year | 40/41 | €47,229 | €54,870 | +€7,641 | +16.2% |
| Trade receivables | 40 | €44,081 | €54,870 | +€10,789 | +24.5% |
| Other amounts receivable | 41 | €3,148 | - | -€3,148 | |
| Cash at bank and in hand | 54/58 | €8 | €32,933 | +€32,925 | +411562.5% |
| Total equity and liabilities | 10/49 | €351,343 | €323,597 | -€27,746 | -7.9% |
| Equity | 10/15 | €110,145 | €77,688 | -€32,457 | -29.5% |
| Revaluation surpluses | 12 | €160,000 | €110,000 | -€50,000 | -31.3% |
| Reserves | 13 | €17,200 | €17,200 | = | 0.0% |
| Non-distributable reserves | 130/1 | €17,200 | €17,200 | = | 0.0% |
| Reserves not available under the articles | 1311 | €17,200 | €17,200 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€67,055 | -€49,512 | +€17,543 | +26.2% |
| Provisions and deferred taxes | 16 | €0 | - | = | |
| Amounts payable | 17/49 | €241,198 | €245,909 | +€4,711 | +2.0% |
| Amounts payable after more than one year | 17 | €88,855 | €88,886 | +€31 | 0.0% |
| Financial debts | 170/4 | €88,855 | €88,886 | +€31 | 0.0% |
| Amounts payable within one year | 42/48 | €152,343 | €157,023 | +€4,680 | +3.1% |
| Current portion of amounts payable after more than one year | 42 | €33,314 | €27,786 | -€5,528 | -16.6% |
| Financial debts | 43 | €46,700 | - | -€46,700 | |
| Credit institutions | 430/8 | €46,700 | - | -€46,700 | |
| Trade debts | 44 | €49,627 | €11,430 | -€38,197 | -77.0% |
| Suppliers | 440/4 | €49,627 | €11,430 | -€38,197 | -77.0% |
| Advances received on contracts in progress | 46 | - | €56,045 | +€56,045 | |
| Taxes, remuneration and social security | 45 | €7,566 | €26,811 | +€19,245 | +254.4% |
| Taxes | 450/3 | €4,535 | €24,598 | +€20,063 | +442.4% |
| Remuneration and social security | 454/9 | €3,031 | €2,213 | -€818 | -27.0% |
| Other amounts payable | 47/48 | €15,136 | €34,951 | +€19,815 | +130.9% |
| Goods, raw materials, services and sundry goods | 60/61 | €386,338 | €498,163 | +€111,825 | +28.9% |
| Remuneration, social security and pensions | 62 | €61,207 | €64,269 | +€3,062 | +5.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,282 | €26,626 | +€9,344 | +54.1% |
| Other operating charges | 640/8 | €3,271 | €6,394 | +€3,123 | +95.5% |
| Gross operating margin | 9900 | €103,350 | €130,939 | +€27,589 | +26.7% |
| Operating profit (loss) | 9901 | €21,590 | €33,650 | +€12,060 | +55.9% |
| Financial income | 75/76B | €1 | €1 | = | 0.0% |
| Recurring financial income | 75 | €1 | €1 | = | 0.0% |
| Financial charges | 65/66B | €11,672 | €8,185 | -€3,487 | -29.9% |
| Recurring financial charges | 65 | €11,672 | €8,185 | -€3,487 | -29.9% |
| Profit (loss) for the period before taxes | 9903 | €9,919 | €25,466 | +€15,547 | +156.7% |
| Income taxes | 67/77 | €156 | €139 | -€17 | -10.9% |
| Profit (loss) for the period | 9904 | €9,763 | €25,327 | +€15,564 | +159.4% |
| Profit (loss) for the period to be appropriated | 9905 | €9,763 | €25,327 | +€15,564 | +159.4% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.