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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.

What changed

SOLOMON

BE 0763.378.221
NACE 43.990, Other specialised construction activities
fiscal year 2023 against 2025not consecutivefiled annual accounts (NBB)
Net result for the year
€8,573
2023 · €2,267+€6,305
Equity
€132,586
2023 · €91,025+€41,561
Cash
€6
2023 · €28-€21
Balance sheet total
€150,328
2023 · €152,183-€1,856

Largest movements

2023 to 2025
Assets
  • Tangible fixed assets -€8,409

    down €8,409 (-83.6%), from €10,064 to €1,655

    of which Furniture and vehicles: -€7,685

  • Receivables within one year +€7,634

    up €7,634 (+5.4%), from €140,213 to €147,848

    of which Trade receivables: +€42,802

Equity and liabilities
  • Profit (loss) carried forward +€41,561

    up €41,561 (+115.0%), from €36,134 to €77,695

  • Other debts -€34,607

    no longer reported in 2025 (was €34,607)

  • Trade debts -€16,852

    no longer reported in 2025 (was €16,852)

  • Tax, wage and social debts +€8,042

    up €8,042 (+82.9%), from €9,699 to €17,742

Income statement
  • Write-downs -€36,723

    no longer reported in 2025 (was €36,723)

  • Taxes +€18,736

    up €18,736, from -€13,171 to €5,565

  • Gross operating margin -€13,182

    down €13,182 (-37.3%), from €35,378 to €22,197

  • Financial income +€3,190

    new in 2025: €3,190

    of which Financial income: +€3,190

  • Depreciation -€2,294

    down €2,294 (-39.3%), from €5,839 to €3,545

From the 2023 result to the 2025 result

effect on the 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.

Result 2023 €2,267
Gross operating margin -€13,182
Depreciation +€2,294
Write-downs +€36,723
Other operating charges -€2,275
Financial income +€3,190
Financial charges -€1,709
Taxes -€18,736
Result 2025 €8,573

Cash bridge derived

cash 2023 to 2025

A cash bridge needs two consecutive fiscal years: one year's result and depreciation cannot explain a change over several years. Pick two years that follow each other.

Every line side by side 40 lines
Line Code 2023 2025 Change %
Total assets 20/58 €152,183 €150,328 -€1,856 -1.2%
Fixed assets 21/28 €10,064 €1,655 -€8,409 -83.6%
Tangible fixed assets 22/27 €10,064 €1,655 -€8,409 -83.6%
Plant, machinery and equipment 23 €723 €0 -€723 -100.0%
Furniture and vehicles 24 €9,341 €1,655 -€7,685 -82.3%
Current assets 29/58 €142,119 €148,672 +€6,553 +4.6%
Amounts receivable within one year 40/41 €140,213 €147,848 +€7,634 +5.4%
Trade receivables 40 €73,192 €115,994 +€42,802 +58.5%
Other amounts receivable 41 €67,021 €31,853 -€35,168 -52.5%
Cash at bank and in hand 54/58 €28 €6 -€21 -77.6%
Deferred charges and accrued income 490/1 €1,878 €818 -€1,060 -56.4%
Total equity and liabilities 10/49 €152,183 €150,328 -€1,856 -1.2%
Equity 10/15 €91,025 €132,586 +€41,561 +45.7%
Contributions 10/11 €5,000 €5,000 = 0.0%
Outside capital 11 - €5,000 +€5,000
Other 1109/19 - €5,000 +€5,000
Reserves 13 €49,892 €49,892 = 0.0%
Distributable reserves 133 €49,892 €49,892 = 0.0%
Profit (loss) carried forward 14 €36,134 €77,695 +€41,561 +115.0%
Amounts payable 17/49 €61,158 €17,742 -€43,416 -71.0%
Amounts payable within one year 42/48 €61,158 €17,742 -€43,416 -71.0%
Trade debts 44 €16,852 - -€16,852
Suppliers 440/4 €16,852 - -€16,852
Taxes, remuneration and social security 45 €9,699 €17,742 +€8,042 +82.9%
Taxes 450/3 €9,699 €17,742 +€8,042 +82.9%
Other amounts payable 47/48 €34,607 - -€34,607
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets 630 €5,839 €3,545 -€2,294 -39.3%
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) 631/4 €36,723 - -€36,723
Other operating charges 640/8 €1,051 €3,326 +€2,275 +216.4%
Gross operating margin 9900 €35,378 €22,197 -€13,182 -37.3%
Operating profit (loss) 9901 -€8,236 €15,325 +€23,561
Financial income 75/76B - €3,190 +€3,190
Recurring financial income 75 - €3,190 +€3,190
Non-recurring financial income 76B - €3,190 +€3,190
Financial charges 65/66B €2,668 €4,377 +€1,709 +64.1%
Recurring financial charges 65 €2,668 €4,377 +€1,709 +64.1%
Profit (loss) for the period before taxes 9903 -€10,904 €14,138 +€25,042
Income taxes 67/77 -€13,171 €5,565 +€18,736
Profit (loss) for the period 9904 €2,267 €8,573 +€6,305 +278.1%
Profit (loss) for the period to be appropriated 9905 €2,267 €8,573 +€6,305 +278.1%

Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 28 September 2026 via checked.be.