SOLREDO: 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.
SOLREDO
Largest movements
- Cash -€6,306
down €6,306 (-51.6%), from €12,227 to €5,921
mainly Net result for the year (-€7,456) and Other debts (-€3,610)
- Intangible fixed assets -€4,358
down €4,358 (-21.9%), from €19,892 to €15,534
- Receivables within one year -€558
down €558 (-89.7%), from €622 to €64
- Formation expenses -€503
down €503 (-24.4%), from €2,062 to €1,559
- Profit (loss) carried forward -€7,456
down €7,456 (-146.2%), from -€5,102 to -€12,558
- Other debts -€3,610
down €3,610 (-39.0%), from €9,246 to €5,636
- Tax, wage and social debts -€535
no longer reported in 2025 (was €535)
- Depreciation +€2,509
up €2,509 (+106.6%), from €2,353 to €4,861
- Gross operating margin -€142
down €142 (-6.3%), from -€2,272 to -€2,415
- Other operating charges -€100
no longer reported in 2025 (was €100)
- Financial charges +€36
up €36 (+25.3%), from €144 to €180
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 | €34,804 | €23,078 | -€11,726 | -33.7% |
| Formation expenses | 20 | €2,062 | €1,559 | -€503 | -24.4% |
| Fixed assets | 21/28 | €19,892 | €15,534 | -€4,358 | -21.9% |
| Intangible fixed assets | 21 | €19,892 | €15,534 | -€4,358 | -21.9% |
| Current assets | 29/58 | €12,850 | €5,985 | -€6,864 | -53.4% |
| Amounts receivable within one year | 40/41 | €622 | €64 | -€558 | -89.7% |
| Other amounts receivable | 41 | €622 | €64 | -€558 | -89.7% |
| Cash at bank and in hand | 54/58 | €12,227 | €5,921 | -€6,306 | -51.6% |
| Total equity and liabilities | 10/49 | €34,804 | €23,078 | -€11,726 | -33.7% |
| Equity | 10/15 | €24,898 | €17,442 | -€7,456 | -29.9% |
| Contributions | 10/11 | €30,000 | €30,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€5,102 | -€12,558 | -€7,456 | -146.2% |
| Amounts payable | 17/49 | €9,905 | €5,636 | -€4,269 | -43.1% |
| Amounts payable within one year | 42/48 | €9,905 | €5,636 | -€4,269 | -43.1% |
| Trade debts | 44 | €124 | - | -€124 | |
| Suppliers | 440/4 | €124 | - | -€124 | |
| Taxes, remuneration and social security | 45 | €535 | - | -€535 | |
| Taxes | 450/3 | €535 | - | -€535 | |
| Other amounts payable | 47/48 | €9,246 | €5,636 | -€3,610 | -39.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,353 | €4,861 | +€2,509 | +106.6% |
| Other operating charges | 640/8 | €100 | - | -€100 | |
| Non-recurring operating charges | 66A | €233 | - | -€233 | |
| Gross operating margin | 9900 | -€2,272 | -€2,415 | -€142 | -6.3% |
| Operating profit (loss) | 9901 | -€4,958 | -€7,276 | -€2,318 | -46.8% |
| Financial charges | 65/66B | €144 | €180 | +€36 | +25.3% |
| Recurring financial charges | 65 | €144 | €180 | +€36 | +25.3% |
| Profit (loss) for the period before taxes | 9903 | -€5,102 | -€7,456 | -€2,354 | -46.2% |
| Profit (loss) for the period | 9904 | -€5,102 | -€7,456 | -€2,354 | -46.2% |
| Profit (loss) for the period to be appropriated | 9905 | -€5,102 | -€7,456 | -€2,354 | -46.2% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.