SOLSTICE EQUINE: 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.
SOLSTICE EQUINE
Largest movements
- Receivables within one year -€16,811
down €16,811 (-31.8%), from €52,805 to €35,994
of which Trade receivables: -€16,133
- Cash +€10,816
up €10,816 (+17.2%), from €62,802 to €73,618
mainly Net result for the year (+€42,207) and Receivables within one year (+€16,811)
- Tangible fixed assets +€2,035
new in 2025: €2,035
- Other debts -€42,444
no longer reported in 2025 (was €42,444)
- Profit (loss) carried forward +€42,207
up €42,207 (+66.6%), from €63,408 to €105,615
- Tax, wage and social debts -€3,964
down €3,964 (-53.8%), from €7,368 to €3,404
- Gross operating margin -€24,964
down €24,964 (-31.3%), from €79,647 to €54,683
- Taxes -€4,858
down €4,858 (-30.6%), from €15,852 to €10,994
- Depreciation +€1,017
new in 2025: €1,017
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 | €115,607 | €111,647 | -€3,960 | -3.4% |
| Fixed assets | 21/28 | - | €2,035 | +€2,035 | |
| Tangible fixed assets | 22/27 | - | €2,035 | +€2,035 | |
| Furniture and vehicles | 24 | - | €2,035 | +€2,035 | |
| Current assets | 29/58 | €115,607 | €109,612 | -€5,995 | -5.2% |
| Amounts receivable within one year | 40/41 | €52,805 | €35,994 | -€16,811 | -31.8% |
| Trade receivables | 40 | €28,657 | €12,524 | -€16,133 | -56.3% |
| Other amounts receivable | 41 | €24,148 | €23,471 | -€677 | -2.8% |
| Cash at bank and in hand | 54/58 | €62,802 | €73,618 | +€10,816 | +17.2% |
| Total equity and liabilities | 10/49 | €115,607 | €111,647 | -€3,960 | -3.4% |
| Equity | 10/15 | €65,408 | €107,615 | +€42,207 | +64.5% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €63,408 | €105,615 | +€42,207 | +66.6% |
| Amounts payable | 17/49 | €50,200 | €4,032 | -€46,167 | -92.0% |
| Amounts payable within one year | 42/48 | €50,200 | €4,032 | -€46,167 | -92.0% |
| Trade debts | 44 | €387 | €628 | +€241 | +62.2% |
| Suppliers | 440/4 | €387 | €628 | +€241 | +62.2% |
| Taxes, remuneration and social security | 45 | €7,368 | €3,404 | -€3,964 | -53.8% |
| Taxes | 450/3 | €7,368 | €3,404 | -€3,964 | -53.8% |
| Other amounts payable | 47/48 | €42,444 | - | -€42,444 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €1,017 | +€1,017 | |
| Other operating charges | 640/8 | €387 | €400 | +€12 | +3.2% |
| Gross operating margin | 9900 | €79,647 | €54,683 | -€24,964 | -31.3% |
| Operating profit (loss) | 9901 | €79,260 | €53,266 | -€25,993 | -32.8% |
| Financial charges | 65/66B | - | €65 | +€65 | |
| Recurring financial charges | 65 | - | €65 | +€65 | |
| Profit (loss) for the period before taxes | 9903 | €79,260 | €53,201 | -€26,059 | -32.9% |
| Income taxes | 67/77 | €15,852 | €10,994 | -€4,858 | -30.6% |
| Profit (loss) for the period | 9904 | €63,408 | €42,207 | -€21,201 | -33.4% |
| Profit (loss) for the period to be appropriated | 9905 | €63,408 | €42,207 | -€21,201 | -33.4% |
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 5 October 2026 via checked.be.