SOLNETTE: 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.
SOLNETTE
Largest movements
- Cash -€94,460
down €94,460 (-59.0%), from €160,158 to €65,698
mainly Accrued charges and deferred income (-€131,002) and Investment in fixed assets (net) (-€67,898)
- Receivables within one year -€60,704
down €60,704 (-9.5%), from €636,144 to €575,440
of which Trade receivables: -€72,220
- Tangible fixed assets +€45,340
up €45,340 (+171.0%), from €26,518 to €71,858
of which Furniture and vehicles: +€54,966
- Accrued charges and deferred income -€131,002
down €131,002 (-89.4%), from €146,551 to €15,548
- Profit (loss) carried forward -€18,547
down €18,547 (-6.7%), from €275,034 to €256,488
- Tax, wage and social debts +€12,867
up €12,867 (+36.9%), from €34,871 to €47,739
of which Remuneration and social security: +€14,815
- Debts after one year +€12,720
new in 2024: €12,720
- Gross operating margin +€186,860
up €186,860 (+184.7%), from €101,176 to €288,036
- Financial income -€146,567
down €146,567 (-94.9%), from €154,405 to €7,839
- Write-downs +€48,673
up €48,673 (+116.0%), from €41,972 to €90,645
- Staff costs +€39,843
up €39,843 (+25.8%), from €154,418 to €194,261
- Taxes -€16,669
down €16,669 (-99.0%), from €16,843 to €174
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 | €874,093 | €756,355 | -€117,738 | -13.5% |
| Fixed assets | 21/28 | €29,016 | €74,355 | +€45,340 | +156.3% |
| Tangible fixed assets | 22/27 | €26,518 | €71,858 | +€45,340 | +171.0% |
| Plant, machinery and equipment | 23 | €22,935 | €13,309 | -€9,626 | -42.0% |
| Furniture and vehicles | 24 | €3,583 | €58,549 | +€54,966 | +1534.0% |
| Leasing and similar rights | 25 | €0 | - | = | |
| Financial fixed assets | 28 | €2,497 | €2,497 | = | 0.0% |
| Current assets | 29/58 | €845,077 | €682,000 | -€163,078 | -19.3% |
| Stocks and contracts in progress | 3 | €39,246 | €32,566 | -€6,680 | -17.0% |
| Stocks | 30/36 | €39,246 | €32,566 | -€6,680 | -17.0% |
| Amounts receivable within one year | 40/41 | €636,144 | €575,440 | -€60,704 | -9.5% |
| Trade receivables | 40 | €456,356 | €384,136 | -€72,220 | -15.8% |
| Other amounts receivable | 41 | €179,788 | €191,303 | +€11,516 | +6.4% |
| Cash at bank and in hand | 54/58 | €160,158 | €65,698 | -€94,460 | -59.0% |
| Deferred charges and accrued income | 490/1 | €9,529 | €8,296 | -€1,233 | -12.9% |
| Total equity and liabilities | 10/49 | €874,093 | €756,355 | -€117,738 | -13.5% |
| Equity | 10/15 | €317,673 | €299,127 | -€18,547 | -5.8% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €24,047 | €24,047 | = | 0.0% |
| Non-distributable reserves | 130/1 | €5,297 | €5,297 | = | 0.0% |
| Reserves not available under the articles | 1311 | €5,297 | €5,297 | = | 0.0% |
| Tax-exempt reserves | 132 | €18,750 | €18,750 | = | 0.0% |
| Profit (loss) carried forward | 14 | €275,034 | €256,488 | -€18,547 | -6.7% |
| Amounts payable | 17/49 | €556,420 | €457,228 | -€99,191 | -17.8% |
| Amounts payable after more than one year | 17 | - | €12,720 | +€12,720 | |
| Financial debts | 170/4 | - | €12,720 | +€12,720 | |
| Amounts payable within one year | 42/48 | €409,869 | €428,960 | +€19,091 | +4.7% |
| Current portion of amounts payable after more than one year | 42 | €12,615 | €11,675 | -€940 | -7.5% |
| Trade debts | 44 | €351,812 | €358,975 | +€7,164 | +2.0% |
| Suppliers | 440/4 | €351,812 | €358,975 | +€7,164 | +2.0% |
| Advances received on contracts in progress | 46 | €4,037 | €4,037 | = | 0.0% |
| Taxes, remuneration and social security | 45 | €34,871 | €47,739 | +€12,867 | +36.9% |
| Taxes | 450/3 | €25,376 | €23,428 | -€1,948 | -7.7% |
| Remuneration and social security | 454/9 | €9,495 | €24,310 | +€14,815 | +156.0% |
| Other amounts payable | 47/48 | €6,535 | €6,535 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €146,551 | €15,548 | -€131,002 | -89.4% |
| Remuneration, social security and pensions | 62 | €154,418 | €194,261 | +€39,843 | +25.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,721 | €22,559 | +€8,838 | +64.4% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €41,972 | €90,645 | +€48,673 | +116.0% |
| Other operating charges | 640/8 | €3,620 | €3,396 | -€224 | -6.2% |
| Gross operating margin | 9900 | €101,176 | €288,036 | +€186,860 | +184.7% |
| Operating profit (loss) | 9901 | -€112,555 | -€22,825 | +€89,730 | +79.7% |
| Financial income | 75/76B | €154,405 | €7,839 | -€146,567 | -94.9% |
| Recurring financial income | 75 | €154,405 | €7,839 | -€146,567 | -94.9% |
| Financial charges | 65/66B | €4,423 | €3,386 | -€1,037 | -23.4% |
| Recurring financial charges | 65 | €4,423 | €3,386 | -€1,037 | -23.4% |
| Profit (loss) for the period before taxes | 9903 | €37,427 | -€18,372 | -€55,800 | |
| Income taxes | 67/77 | €16,843 | €174 | -€16,669 | -99.0% |
| Profit (loss) for the period | 9904 | €20,584 | -€18,547 | -€39,131 | |
| Profit (loss) for the period to be appropriated | 9905 | €20,584 | -€18,547 | -€39,131 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.