SOLTECCO: 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.
SOLTECCO
Largest movements
- Cash -€60,394
down €60,394 (-91.4%), from €66,043 to €5,649
mainly Receivables within one year (-€34,324) and Net result for the year (-€21,738)
- Receivables within one year +€34,324
up €34,324 (+102.3%), from €33,554 to €67,879
of which Trade receivables: +€29,137
- Tangible fixed assets -€20,318
down €20,318 (-17.9%), from €113,457 to €93,139
of which Furniture and vehicles: -€17,075
- Profit (loss) carried forward -€21,738
down €21,738 (-30.3%), from €71,734 to €49,997
- Advances received -€15,000
down €15,000 (-100.0%), from €15,000 to €0
- Debts after one year -€13,299
down €13,299 (-21.1%), from €63,012 to €49,713
- Other debts +€7,969
up €7,969 (+290.9%), from €2,739 to €10,708
- Short-term financial debts -€3,000
down €3,000 (-100.0%), from €3,000 to €0
- Gross operating margin -€72,291
down €72,291 (-88.2%), from €81,963 to €9,672
- Taxes -€14,887
down €14,887 (-100.0%), from €14,887 to €0
- Depreciation +€4,581
up €4,581 (+21.6%), from €21,164 to €25,745
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 | €218,243 | €171,688 | -€46,555 | -21.3% |
| Fixed assets | 21/28 | €113,457 | €93,139 | -€20,318 | -17.9% |
| Tangible fixed assets | 22/27 | €113,457 | €93,139 | -€20,318 | -17.9% |
| Land and buildings | 22 | €5,450 | €4,527 | -€923 | -16.9% |
| Plant, machinery and equipment | 23 | €9,722 | €7,401 | -€2,321 | -23.9% |
| Furniture and vehicles | 24 | €98,285 | €81,211 | -€17,075 | -17.4% |
| Current assets | 29/58 | €104,786 | €78,549 | -€26,237 | -25.0% |
| Amounts receivable within one year | 40/41 | €33,554 | €67,879 | +€34,324 | +102.3% |
| Trade receivables | 40 | €25,366 | €54,502 | +€29,137 | +114.9% |
| Other amounts receivable | 41 | €8,189 | €13,376 | +€5,188 | +63.4% |
| Cash at bank and in hand | 54/58 | €66,043 | €5,649 | -€60,394 | -91.4% |
| Deferred charges and accrued income | 490/1 | €5,189 | €5,022 | -€167 | -3.2% |
| Total equity and liabilities | 10/49 | €218,243 | €171,688 | -€46,555 | -21.3% |
| Equity | 10/15 | €84,134 | €62,397 | -€21,738 | -25.8% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Profit (loss) carried forward | 14 | €71,734 | €49,997 | -€21,738 | -30.3% |
| Amounts payable | 17/49 | €134,109 | €109,291 | -€24,817 | -18.5% |
| Amounts payable after more than one year | 17 | €63,012 | €49,713 | -€13,299 | -21.1% |
| Financial debts | 170/4 | €63,012 | €49,713 | -€13,299 | -21.1% |
| Amounts payable within one year | 42/48 | €71,097 | €59,579 | -€11,519 | -16.2% |
| Current portion of amounts payable after more than one year | 42 | €12,772 | €13,299 | +€526 | +4.1% |
| Financial debts | 43 | €3,000 | €0 | -€3,000 | -100.0% |
| Other loans | 439 | €3,000 | €0 | -€3,000 | -100.0% |
| Trade debts | 44 | €34,397 | €32,010 | -€2,387 | -6.9% |
| Suppliers | 440/4 | €34,397 | €32,010 | -€2,387 | -6.9% |
| Advances received on contracts in progress | 46 | €15,000 | €0 | -€15,000 | -100.0% |
| Taxes, remuneration and social security | 45 | €3,188 | €3,561 | +€373 | +11.7% |
| Taxes | 450/3 | €3,188 | €3,561 | +€373 | +11.7% |
| Other amounts payable | 47/48 | €2,739 | €10,708 | +€7,969 | +290.9% |
| Remuneration, social security and pensions | 62 | €60 | €572 | +€512 | +852.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €21,164 | €25,745 | +€4,581 | +21.6% |
| Other operating charges | 640/8 | €2,161 | €1,706 | -€455 | -21.1% |
| Gross operating margin | 9900 | €81,963 | €9,672 | -€72,291 | -88.2% |
| Operating profit (loss) | 9901 | €58,578 | -€18,350 | -€76,928 | |
| Financial income | 75/76B | €72 | €1 | -€71 | -98.5% |
| Recurring financial income | 75 | €72 | €1 | -€71 | -98.5% |
| Financial charges | 65/66B | €2,715 | €3,388 | +€673 | +24.8% |
| Recurring financial charges | 65 | €2,715 | €3,388 | +€673 | +24.8% |
| Profit (loss) for the period before taxes | 9903 | €55,935 | -€21,738 | -€77,672 | |
| Income taxes | 67/77 | €14,887 | €0 | -€14,887 | -100.0% |
| Profit (loss) for the period | 9904 | €41,047 | -€21,738 | -€62,785 | |
| Profit (loss) for the period to be appropriated | 9905 | €41,047 | -€21,738 | -€62,785 |
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 9 October 2026 via checked.be.