Solomon: 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.
Solomon
Largest movements
- Financial fixed assets -€1.0m
down €1.0m (-66.9%), from €1.6m to €516,519
- Tangible fixed assets -€640,525
down €640,525 (-26.4%), from €2.4m to €1.8m
of which Land and buildings: -€637,258
- Stocks and contracts -€494,000
down €494,000 (-31.7%), from €1.6m to €1.1m
- Cash -€75,853
down €75,853 (-59.7%), from €127,033 to €51,180
mainly Debts after one year (-€2.0m) and Other debts (-€215,870)
- Debts after one year -€2.0m
down €2.0m (-50.9%), from €4.0m to €2.0m
- Other debts -€215,870
down €215,870 (-13.7%), from €1.6m to €1.4m
- Financial income +€211,798
up €211,798 (+313310.9%), from €68 to €211,866
of which Non-recurring financial income: +€211,620
- Financial charges +€108,268
up €108,268 (+108.9%), from €99,408 to €207,676
- Gross operating margin +€61,906
up €61,906 (+42.5%), from €145,543 to €207,449
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 | €5,761,275 | €3,479,918 | -€2.3m | -39.6% |
| Formation expenses | 20 | €3,800 | €3,040 | -€760 | -20.0% |
| Fixed assets | 21/28 | €3,987,912 | €2,304,382 | -€1.7m | -42.2% |
| Tangible fixed assets | 22/27 | €2,428,388 | €1,787,863 | -€640,525 | -26.4% |
| Land and buildings | 22 | €2,412,053 | €1,774,795 | -€637,258 | -26.4% |
| Furniture and vehicles | 24 | €16,335 | €13,068 | -€3,267 | -20.0% |
| Financial fixed assets | 28 | €1,559,525 | €516,519 | -€1.0m | -66.9% |
| Current assets | 29/58 | €1,769,563 | €1,172,497 | -€597,066 | -33.7% |
| Stocks and contracts in progress | 3 | €1,560,000 | €1,066,000 | -€494,000 | -31.7% |
| Stocks | 30/36 | €1,560,000 | €1,066,000 | -€494,000 | -31.7% |
| Amounts receivable within one year | 40/41 | €76,672 | €53,810 | -€22,862 | -29.8% |
| Trade receivables | 40 | €14,520 | €9,188 | -€5,332 | -36.7% |
| Other amounts receivable | 41 | €62,152 | €44,622 | -€17,530 | -28.2% |
| Cash at bank and in hand | 54/58 | €127,033 | €51,180 | -€75,853 | -59.7% |
| Deferred charges and accrued income | 490/1 | €5,859 | €1,508 | -€4,351 | -74.3% |
| Total equity and liabilities | 10/49 | €5,761,275 | €3,479,918 | -€2.3m | -39.6% |
| Equity | 10/15 | €51,391 | €52,456 | +€1,065 | +2.1% |
| Contributions | 10/11 | €125,000 | €125,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€73,609 | -€72,544 | +€1,065 | +1.4% |
| Amounts payable | 17/49 | €5,709,884 | €3,427,462 | -€2.3m | -40.0% |
| Amounts payable after more than one year | 17 | €4,006,008 | €1,965,908 | -€2.0m | -50.9% |
| Financial debts | 170/4 | €4,006,008 | €1,965,908 | -€2.0m | -50.9% |
| Amounts payable within one year | 42/48 | €1,690,593 | €1,461,554 | -€229,038 | -13.5% |
| Current portion of amounts payable after more than one year | 42 | €116,739 | €100,788 | -€15,951 | -13.7% |
| Trade debts | 44 | €0 | €1,928 | +€1,928 | |
| Suppliers | 440/4 | €0 | €1,928 | +€1,928 | |
| Taxes, remuneration and social security | 45 | €499 | €1,353 | +€854 | +171.0% |
| Taxes | 450/3 | €499 | €1,353 | +€854 | +171.0% |
| Other amounts payable | 47/48 | €1,573,354 | €1,357,485 | -€215,870 | -13.7% |
| Accrued charges and deferred income | 492/3 | €13,283 | €0 | -€13,283 | -100.0% |
| Non-recurring operating income | 76A | - | €0 | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €83,609 | €82,088 | -€1,521 | -1.8% |
| Other operating charges | 640/8 | €10,756 | €11,140 | +€384 | +3.6% |
| Non-recurring operating charges | 66A | - | €117,277 | +€117,277 | |
| Gross operating margin | 9900 | €145,543 | €207,449 | +€61,906 | +42.5% |
| Operating profit (loss) | 9901 | €51,179 | -€3,056 | -€54,234 | |
| Financial income | 75/76B | €68 | €211,866 | +€211,798 | +313310.9% |
| Recurring financial income | 75 | €68 | €246 | +€179 | +264.2% |
| Non-recurring financial income | 76B | - | €211,620 | +€211,620 | |
| Financial charges | 65/66B | €99,408 | €207,676 | +€108,268 | +108.9% |
| Recurring financial charges | 65 | €99,408 | €207,676 | +€108,268 | +108.9% |
| Profit (loss) for the period before taxes | 9903 | -€48,161 | €1,134 | +€49,296 | |
| Income taxes | 67/77 | €325 | €69 | -€256 | -78.8% |
| Profit (loss) for the period | 9904 | -€48,486 | €1,065 | +€49,551 | |
| Profit (loss) for the period to be appropriated | 9905 | -€48,486 | €1,065 | +€49,551 |
Source: filed annual accounts (NBB), fiscal years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.