SOLSTIL: 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.
SOLSTIL
Largest movements
- Receivables within one year +€174,601
up €174,601 (+548.9%), from €31,807 to €206,408
of which Trade receivables: +€157,275
- Cash +€79,903
up €79,903 (+95.7%), from €83,459 to €163,362
mainly Net result for the year (+€146,885) and Depreciation (+€73,586)
- Tangible fixed assets -€66,489
down €66,489 (-12.9%), from €514,617 to €448,127
- Reserves +€146,885
up €146,885 (+63.5%), from €231,465 to €378,349
- Trade debts +€55,062
up €55,062 (+111.0%), from €49,625 to €104,686
- Debts after one year -€26,753
down €26,753 (-9.4%), from €286,104 to €259,351
- Tax, wage and social debts +€17,628
up €17,628 (+111.3%), from €15,836 to €33,464
of which Taxes: +€17,115
- Current portion of long-term debt -€9,386
down €9,386 (-17.8%), from €52,752 to €43,366
- Gross operating margin +€131,292
up €131,292 (+46.1%), from €284,753 to €416,045
- Taxes +€35,365
up €35,365 (+310.7%), from €11,383 to €46,747
- Staff costs -€22,535
down €22,535 (-13.6%), from €165,677 to €143,142
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 | €659,281 | €846,294 | +€187,014 | +28.4% |
| Fixed assets | 21/28 | €514,617 | €448,127 | -€66,489 | -12.9% |
| Tangible fixed assets | 22/27 | €514,617 | €448,127 | -€66,489 | -12.9% |
| Land and buildings | 22 | €373,544 | €348,844 | -€24,700 | -6.6% |
| Plant, machinery and equipment | 23 | €37,632 | €26,881 | -€10,750 | -28.6% |
| Furniture and vehicles | 24 | €103,441 | €72,402 | -€31,039 | -30.0% |
| Current assets | 29/58 | €144,664 | €398,167 | +€253,503 | +175.2% |
| Stocks and contracts in progress | 3 | €26,422 | €26,897 | +€475 | +1.8% |
| Stocks | 30/36 | €26,422 | €26,897 | +€475 | +1.8% |
| Amounts receivable within one year | 40/41 | €31,807 | €206,408 | +€174,601 | +548.9% |
| Trade receivables | 40 | €4,973 | €162,248 | +€157,275 | +3162.5% |
| Other amounts receivable | 41 | €26,834 | €44,161 | +€17,326 | +64.6% |
| Cash at bank and in hand | 54/58 | €83,459 | €163,362 | +€79,903 | +95.7% |
| Deferred charges and accrued income | 490/1 | €2,976 | €1,500 | -€1,477 | -49.6% |
| Total equity and liabilities | 10/49 | €659,281 | €846,294 | +€187,014 | +28.4% |
| Equity | 10/15 | €246,465 | €393,349 | +€146,885 | +59.6% |
| Contributions | 10/11 | €15,000 | €15,000 | = | 0.0% |
| Reserves | 13 | €231,465 | €378,349 | +€146,885 | +63.5% |
| Distributable reserves | 133 | €231,465 | €378,349 | +€146,885 | +63.5% |
| Amounts payable | 17/49 | €412,816 | €452,945 | +€40,129 | +9.7% |
| Amounts payable after more than one year | 17 | €286,104 | €259,351 | -€26,753 | -9.4% |
| Financial debts | 170/4 | €286,104 | €259,351 | -€26,753 | -9.4% |
| Amounts payable within one year | 42/48 | €126,712 | €193,594 | +€66,881 | +52.8% |
| Current portion of amounts payable after more than one year | 42 | €52,752 | €43,366 | -€9,386 | -17.8% |
| Trade debts | 44 | €49,625 | €104,686 | +€55,062 | +111.0% |
| Suppliers | 440/4 | €49,625 | €104,686 | +€55,062 | +111.0% |
| Taxes, remuneration and social security | 45 | €15,836 | €33,464 | +€17,628 | +111.3% |
| Taxes | 450/3 | €1,500 | €18,615 | +€17,115 | +1141.0% |
| Remuneration and social security | 454/9 | €14,336 | €14,848 | +€512 | +3.6% |
| Other amounts payable | 47/48 | €8,500 | €12,078 | +€3,578 | +42.1% |
| Remuneration, social security and pensions | 62 | €165,677 | €143,142 | -€22,535 | -13.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €70,059 | €73,586 | +€3,527 | +5.0% |
| Other operating charges | 640/8 | €3,826 | €851 | -€2,975 | -77.8% |
| Gross operating margin | 9900 | €284,753 | €416,045 | +€131,292 | +46.1% |
| Operating profit (loss) | 9901 | €45,191 | €198,466 | +€153,276 | +339.2% |
| Financial income | 75/76B | €743 | €1,082 | +€340 | +45.7% |
| Recurring financial income | 75 | €743 | €1,082 | +€340 | +45.7% |
| Financial charges | 65/66B | €5,683 | €5,917 | +€234 | +4.1% |
| Recurring financial charges | 65 | €5,683 | €5,917 | +€234 | +4.1% |
| Profit (loss) for the period before taxes | 9903 | €40,251 | €193,632 | +€153,381 | +381.1% |
| Income taxes | 67/77 | €11,383 | €46,747 | +€35,365 | +310.7% |
| Profit (loss) for the period | 9904 | €28,868 | €146,885 | +€118,017 | +408.8% |
| Profit (loss) for the period to be appropriated | 9905 | €28,868 | €146,885 | +€118,017 | +408.8% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 12 October 2026 via checked.be.