SOLSTICE: what changed
Two financial 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.
SOLSTICE
Largest movements
- Tangible fixed assets -€41,193
down €41,193 (-6.1%), from €671,586 to €630,393
- Cash +€28,623
up €28,623 (+477%), from €6,002 to €34,625
mainly Tax, wage and social debts (+€132,074) and Net result for the year (+€50,356)
- Receivables after one year -€13,500
down €13,500 (-9.8%), from €137,696 to €124,196
- Receivables within one year +€12,358
up €12,358 (+8.4%), from €147,236 to €159,594
of which Other amounts receivable: +€18,191
- Tax, wage and social debts +€132,074
up €132,074 (+121%), from €109,348 to €241,422
of which Taxes: +€108,238
- Debts after one year -€89,420
down €89,420 (-19.3%), from €463,825 to €374,405
- Trade debts -€86,763
down €86,763 (-54.8%), from €158,462 to €71,700
- Reserves +€50,356
up €50,356 (+37.3%), from €135,156 to €185,512
of which Distributable reserves: +€50,356
- Current portion of long-term debt -€16,678
down €16,678 (-18.4%), from €90,640 to €73,962
- Gross operating margin +€64,065
up €64,065 (+19.2%), from €333,398 to €397,463
- Staff costs +€20,508
up €20,508 (+8.9%), from €231,195 to €251,703
- Other operating charges +€13,075
up €13,075 (+2,261%), from €578 to €13,653
- Taxes +€11,891
up €11,891 (+87.4%), from €13,606 to €25,498
- Financial charges -€4,337
down €4,337 (-17.0%), from €25,449 to €21,112
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.
Derived cash bridge
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 | €1,098,928 | €1,090,197 | -€8,732 | -0.8% |
| Fixed assets | 21/28 | €793,564 | €752,275 | -€41,289 | -5.2% |
| Intangible fixed assets | 21 | €277 | €182 | -€96 | -34.5% |
| Tangible fixed assets | 22/27 | €671,586 | €630,393 | -€41,193 | -6.1% |
| Land and buildings | 22 | €624,174 | €607,887 | -€16,287 | -2.6% |
| Plant, machinery and equipment | 23 | €17,233 | €7,400 | -€9,833 | -57.1% |
| Furniture and vehicles | 24 | €8,920 | €2,912 | -€6,008 | -67.4% |
| Other tangible fixed assets | 26 | €21,259 | €12,194 | -€9,065 | -42.6% |
| Financial fixed assets | 28 | €121,701 | €121,701 | = | 0.0% |
| Current assets | 29/58 | €305,364 | €337,921 | +€32,557 | +10.7% |
| Amounts receivable after more than one year | 29 | €137,696 | €124,196 | -€13,500 | -9.8% |
| Other amounts receivable | 291 | €137,696 | €124,196 | -€13,500 | -9.8% |
| Stocks and contracts in progress | 3 | €14,430 | €19,507 | +€5,077 | +35.2% |
| Stocks | 30/36 | €14,430 | €19,507 | +€5,077 | +35.2% |
| Amounts receivable within one year | 40/41 | €147,236 | €159,594 | +€12,358 | +8.4% |
| Trade receivables | 40 | €33,333 | €27,500 | -€5,833 | -17.5% |
| Other amounts receivable | 41 | €113,903 | €132,094 | +€18,191 | +16.0% |
| Cash at bank and in hand | 54/58 | €6,002 | €34,625 | +€28,623 | +477% |
| Total equity and liabilities | 10/49 | €1,098,928 | €1,090,197 | -€8,732 | -0.8% |
| Equity | 10/15 | €153,756 | €204,112 | +€50,356 | +32.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Contributions outside capital | 11 | €18,600 | - | -€18,600 | |
| Other | 1109/19 | €18,600 | - | -€18,600 | |
| Reserves | 13 | €135,156 | €185,512 | +€50,356 | +37.3% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €133,296 | €183,652 | +€50,356 | +37.8% |
| Amounts payable | 17/49 | €945,172 | €886,085 | -€59,087 | -6.3% |
| Amounts payable after more than one year | 17 | €463,825 | €374,405 | -€89,420 | -19.3% |
| Financial debts | 170/4 | €463,825 | €374,405 | -€89,420 | -19.3% |
| Amounts payable within one year | 42/48 | €481,347 | €511,679 | +€30,332 | +6.3% |
| Current portion of amounts payable after more than one year | 42 | €90,640 | €73,962 | -€16,678 | -18.4% |
| Financial debts | 43 | €6,000 | - | -€6,000 | |
| Credit institutions | 430/8 | €6,000 | - | -€6,000 | |
| Trade debts | 44 | €158,462 | €71,700 | -€86,763 | -54.8% |
| Suppliers | 440/4 | €158,462 | €71,700 | -€86,763 | -54.8% |
| Taxes, remuneration and social security | 45 | €109,348 | €241,422 | +€132,074 | +121% |
| Taxes | 450/3 | €92,506 | €200,744 | +€108,238 | +117% |
| Remuneration and social security | 454/9 | €16,842 | €40,678 | +€23,835 | +142% |
| Other amounts payable | 47/48 | €116,897 | €124,596 | +€7,699 | +6.6% |
| Remuneration, social security and pensions | 62 | €231,195 | €251,703 | +€20,508 | +8.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €45,596 | €41,289 | -€4,307 | -9.4% |
| Other operating charges | 640/8 | €578 | €13,653 | +€13,075 | +2,261% |
| Gross operating margin | 9900 | €333,398 | €397,463 | +€64,065 | +19.2% |
| Operating profit (loss) | 9901 | €56,029 | €90,818 | +€34,789 | +62.1% |
| Financial income | 75/76B | €7,438 | €6,147 | -€1,291 | -17.4% |
| Recurring financial income | 75 | €7,438 | €6,147 | -€1,291 | -17.4% |
| Financial charges | 65/66B | €25,449 | €21,112 | -€4,337 | -17.0% |
| Recurring financial charges | 65 | €25,449 | €21,112 | -€4,337 | -17.0% |
| Profit (loss) for the period before taxes | 9903 | €38,018 | €75,853 | +€37,835 | +99.5% |
| Income taxes | 67/77 | €13,606 | €25,498 | +€11,891 | +87.4% |
| Profit (loss) for the period | 9904 | €24,412 | €50,356 | +€25,944 | +106% |
| Profit (loss) for the period to be appropriated | 9905 | €24,412 | €50,356 | +€25,944 | +106% |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 14 October 2026 via checked.be.