SOLOYA: 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.
SOLOYA
Largest movements
- Receivables within one year +€637,779
up €637,779 (+126.1%), from €505,831 to €1.1m
of which Trade receivables: +€567,128
- Cash -€393,042
down €393,042 (-57.7%), from €681,668 to €288,626
mainly Receivables within one year (-€637,779) and Debts after one year (-€137,796)
- Tangible fixed assets -€214,258
down €214,258 (-9.6%), from €2.2m to €2.0m
- Stocks and contracts +€130,870
up €130,870 (+14.2%), from €922,598 to €1.1m
of which Contracts in progress: +€395,209
- Trade debts +€143,446
up €143,446 (+22.4%), from €641,020 to €784,466
- Debts after one year -€137,796
down €137,796 (-12.7%), from €1.1m to €943,777
- Tax, wage and social debts +€76,595
up €76,595 (+187.9%), from €40,773 to €117,368
of which Remuneration and social security: +€60,631
- Reserves +€53,500
up €53,500 (+2.5%), from €2.1m to €2.2m
- Gross operating margin +€528,438
up €528,438 (+56.8%), from €930,557 to €1.5m
- Staff costs +€124,990
up €124,990 (+13.3%), from €940,174 to €1.1m
- Write-downs -€48,699
no longer reported in 2025 (was €48,699)
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 | €4,476,758 | €4,639,890 | +€163,132 | +3.6% |
| Fixed assets | 21/28 | €2,285,207 | €2,039,028 | -€246,179 | -10.8% |
| Intangible fixed assets | 21 | €42,115 | €10,195 | -€31,920 | -75.8% |
| Tangible fixed assets | 22/27 | €2,243,092 | €2,028,833 | -€214,258 | -9.6% |
| Land and buildings | 22 | €1,914,475 | €1,817,125 | -€97,350 | -5.1% |
| Plant, machinery and equipment | 23 | €40,850 | €30,206 | -€10,644 | -26.1% |
| Furniture and vehicles | 24 | €287,767 | €181,502 | -€106,265 | -36.9% |
| Current assets | 29/58 | €2,191,552 | €2,600,862 | +€409,310 | +18.7% |
| Stocks and contracts in progress | 3 | €922,598 | €1,053,468 | +€130,870 | +14.2% |
| Stocks | 30/36 | €922,598 | €658,259 | -€264,339 | -28.7% |
| Contracts in progress | 37 | - | €395,209 | +€395,209 | |
| Amounts receivable within one year | 40/41 | €505,831 | €1,143,610 | +€637,779 | +126.1% |
| Trade receivables | 40 | €207,949 | €775,077 | +€567,128 | +272.7% |
| Other amounts receivable | 41 | €297,882 | €368,533 | +€70,651 | +23.7% |
| Cash at bank and in hand | 54/58 | €681,668 | €288,626 | -€393,042 | -57.7% |
| Deferred charges and accrued income | 490/1 | €81,455 | €115,158 | +€33,704 | +41.4% |
| Total equity and liabilities | 10/49 | €4,476,758 | €4,639,890 | +€163,132 | +3.6% |
| Equity | 10/15 | €2,539,997 | €2,593,604 | +€53,607 | +2.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €2,119,360 | €2,172,860 | +€53,500 | +2.5% |
| Distributable reserves | 133 | €2,119,360 | €2,172,860 | +€53,500 | +2.5% |
| Profit (loss) carried forward | 14 | €402,037 | €402,144 | +€107 | 0.0% |
| Amounts payable | 17/49 | €1,936,762 | €2,046,286 | +€109,524 | +5.7% |
| Amounts payable after more than one year | 17 | €1,081,573 | €943,777 | -€137,796 | -12.7% |
| Financial debts | 170/4 | €1,081,573 | €943,777 | -€137,796 | -12.7% |
| Amounts payable within one year | 42/48 | €853,499 | €1,093,042 | +€239,543 | +28.1% |
| Current portion of amounts payable after more than one year | 42 | €171,706 | €167,759 | -€3,948 | -2.3% |
| Trade debts | 44 | €641,020 | €784,466 | +€143,446 | +22.4% |
| Suppliers | 440/4 | €641,020 | €784,466 | +€143,446 | +22.4% |
| Advances received on contracts in progress | 46 | - | €23,449 | +€23,449 | |
| Taxes, remuneration and social security | 45 | €40,773 | €117,368 | +€76,595 | +187.9% |
| Taxes | 450/3 | €2,513 | €18,477 | +€15,964 | +635.2% |
| Remuneration and social security | 454/9 | €38,259 | €98,891 | +€60,631 | +158.5% |
| Accrued charges and deferred income | 492/3 | €1,690 | €9,467 | +€7,777 | +460.2% |
| Non-recurring operating income | 76A | €43,642 | €17,914 | -€25,727 | -59.0% |
| Remuneration, social security and pensions | 62 | €940,174 | €1,065,163 | +€124,990 | +13.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €280,927 | €270,493 | -€10,434 | -3.7% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €48,699 | - | -€48,699 | |
| Other operating charges | 640/8 | €19,993 | €17,348 | -€2,644 | -13.2% |
| Non-recurring operating charges | 66A | €5,770 | €40,945 | +€35,175 | +609.6% |
| Gross operating margin | 9900 | €930,557 | €1,458,995 | +€528,438 | +56.8% |
| Operating profit (loss) | 9901 | -€365,006 | €65,046 | +€430,052 | |
| Financial income | 75/76B | €24,533 | €29,891 | +€5,358 | +21.8% |
| Recurring financial income | 75 | €24,533 | €29,891 | +€5,358 | +21.8% |
| Financial charges | 65/66B | €37,521 | €26,829 | -€10,692 | -28.5% |
| Recurring financial charges | 65 | €33,794 | €26,829 | -€6,965 | -20.6% |
| Non-recurring financial charges | 66B | €3,728 | - | -€3,728 | |
| Profit (loss) for the period before taxes | 9903 | -€377,994 | €68,108 | +€446,102 | |
| Income taxes | 67/77 | €1,328 | €14,501 | +€13,173 | +992.0% |
| Profit (loss) for the period | 9904 | -€379,322 | €53,607 | +€432,929 | |
| Profit (loss) for the period to be appropriated | 9905 | -€379,322 | €53,607 | +€432,929 |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 September 2026 via checked.be.