Solon Invest: what changed
What changed
Solon Invest
filed annual accounts (NBB)
Net result for the year
€609,247
2024 · -€547,107+€1.2m
Equity
€5.9m
2024 · €5.3m+€609,247
Cash
€156,311
2024 · €352,374-€196,063
Balance sheet total
€6.0m
2024 · €6.3m-€370,304
Largest movements
Assets
- Financial fixed assets -€940,822
down €940,822 (-50.3%), from €1.9m to €928,738
- Receivables after one year +€900,000
new in 2025: €900,000
- Cash -€196,063
down €196,063 (-55.6%), from €352,374 to €156,311
mainly Short-term financial debts (-€1.0m) and Receivables after one year (-€900,000)
Equity and liabilities
- Short-term financial debts -€1.0m
down €1.0m (-100%), from €1.0m to €0
- Profit (loss) carried forward +€609,247
up €609,247 (+69.7%), from -€873,650 to -€264,403
Income statement
- Financial charges -€1.2m
down €1.2m, from €733,707 to -€451,210
- Depreciation +€68,396
up €68,396 (+293%), from €23,354 to €91,750
- Financial income +€49,273
up €49,273 (+17.2%), from €286,120 to €335,392
- Taxes +€39,205
up €39,205 (+94.4%), from €41,515 to €80,720
- Gross operating margin +€35,176
up €35,176, from -€33,224 to €1,952
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
-€547,107
Gross operating margin
+€35,176
Depreciation
-€68,396
Other operating charges
-€5,411
Financial income
+€49,273
Financial charges
+€1.2m
Taxes
-€39,205
Result 2025
€609,247
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
-€148,175
Investment
+€952,112
Financing
-€1.0m
Cash 2024
€352,374
From operations (derived)
-€148,175
Net result for the year
+€609,247
Depreciation
+€91,750
Receivables after one year
-€900,000
Receivables within one year
+€36,321
Deferred charges and accrued income
-€5,941
Trade debts
+€3,859
Tax, wage and social debts
+€37,590
Other debts
-€22,310
Accrued charges and deferred income
+€1,311
Investment (derived)
+€952,112
Investment in fixed assets (net)
+€891,951
Current investments
+€60,160
Financing
-€1.0m
Short-term financial debts
-€1.0m
Cash 2025
€156,311
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €6,327,085 | €5,956,781 | -€370,304 | -5.9% |
| Fixed assets | 21/28 | €4,193,889 | €3,210,188 | -€983,701 | -23.5% |
| Tangible fixed assets | 22/27 | €2,324,329 | €2,281,450 | -€42,879 | -1.8% |
| Land and buildings | 22 | €2,300,683 | €2,254,606 | -€46,078 | -2.0% |
| Furniture and vehicles | 24 | €6,046 | €9,245 | +€3,199 | +52.9% |
| Other tangible fixed assets | 26 | €17,600 | €17,600 | = | 0.0% |
| Assets under construction and advance payments | 27 | €0 | - | = | |
| Financial fixed assets | 28 | €1,869,560 | €928,738 | -€940,822 | -50.3% |
| Current assets | 29/58 | €2,133,196 | €2,746,593 | +€613,397 | +28.8% |
| Amounts receivable after more than one year | 29 | - | €900,000 | +€900,000 | |
| Other amounts receivable | 291 | - | €900,000 | +€900,000 | |
| Amounts receivable within one year | 40/41 | €81,163 | €44,842 | -€36,321 | -44.8% |
| Trade receivables | 40 | €36,188 | €0 | -€36,188 | -100% |
| Other amounts receivable | 41 | €44,975 | €44,842 | -€133 | -0.3% |
| Current investments | 50/53 | €1,698,862 | €1,638,701 | -€60,160 | -3.5% |
| Cash at bank and in hand | 54/58 | €352,374 | €156,311 | -€196,063 | -55.6% |
| Deferred charges and accrued income | 490/1 | €797 | €6,739 | +€5,941 | +745% |
| Total equity and liabilities | 10/49 | €6,327,085 | €5,956,781 | -€370,304 | -5.9% |
| Equity | 10/15 | €5,255,310 | €5,864,557 | +€609,247 | +11.6% |
| Contributions | 10/11 | €1,166,667 | €1,166,667 | = | 0.0% |
| Capital | 10 | €1,166,667 | €1,166,667 | = | 0.0% |
| Issued capital | 100 | €1,166,667 | €1,166,667 | = | 0.0% |
| Reserves | 13 | €4,962,294 | €4,962,294 | = | 0.0% |
| Non-distributable reserves | 130/1 | €116,667 | €116,667 | = | 0.0% |
| Legal reserve | 130 | €116,667 | €116,667 | = | 0.0% |
| Distributable reserves | 133 | €4,845,627 | €4,845,627 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€873,650 | -€264,403 | +€609,247 | +69.7% |
| Amounts payable | 17/49 | €1,071,774 | €92,224 | -€979,550 | -91.4% |
| Amounts payable within one year | 42/48 | €1,025,651 | €44,790 | -€980,861 | -95.6% |
| Financial debts | 43 | €1,000,000 | €0 | -€1.0m | -100% |
| Credit institutions | 430/8 | €1,000,000 | €0 | -€1.0m | -100% |
| Trade debts | 44 | €3,341 | €7,200 | +€3,859 | +116% |
| Suppliers | 440/4 | €3,341 | €7,200 | +€3,859 | +116% |
| Taxes, remuneration and social security | 45 | €0 | €37,590 | +€37,590 | |
| Taxes | 450/3 | €0 | €37,590 | +€37,590 | |
| Other amounts payable | 47/48 | €22,310 | €0 | -€22,310 | -100% |
| Accrued charges and deferred income | 492/3 | €46,123 | €47,434 | +€1,311 | +2.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €23,354 | €91,750 | +€68,396 | +293% |
| Other operating charges | 640/8 | €1,428 | €6,839 | +€5,411 | +379% |
| Gross operating margin | 9900 | -€33,224 | €1,952 | +€35,176 | |
| Operating profit (loss) | 9901 | -€58,005 | -€96,636 | -€38,631 | -66.6% |
| Financial income | 75/76B | €286,120 | €335,392 | +€49,273 | +17.2% |
| Recurring financial income | 75 | €286,120 | €335,392 | +€49,273 | +17.2% |
| Financial charges | 65/66B | €733,707 | -€451,210 | -€1.2m | |
| Recurring financial charges | 65 | €733,707 | -€451,210 | -€1.2m | |
| Profit (loss) for the period before taxes | 9903 | -€505,592 | €689,967 | +€1.2m | |
| Income taxes | 67/77 | €41,515 | €80,720 | +€39,205 | +94.4% |
| Profit (loss) for the period | 9904 | -€547,107 | €609,247 | +€1.2m | |
| Profit (loss) for the period to be appropriated | 9905 | -€547,107 | €609,247 | +€1.2m |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 4 November 2026 via checked.be.