SOLTECH: 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.
What changed
SOLTECH
NACE 26.110, Manufacture of computer, electronic and optical products
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
-€3.3m
2024 · -€1.8m-€1.5m
Equity
€1.1m
2024 · €1.4m-€339,441
Cash
€487,903
2024 · €6,576+€481,327
Balance sheet total
€10.9m
2024 · €11.3m-€457,199
Largest movements
Assets
- Tangible fixed assets -€687,652
down €687,652 (-13.9%), from €4.9m to €4.2m
of which Assets under construction and advance payments: -€819,679
- Cash +€481,327
up €481,327 (+7319.7%), from €6,576 to €487,903
mainly Contributions, distributions and other (+€3.0m) and Depreciation (+€1.4m)
Equity and liabilities
- Accrued charges and deferred income -€1.5m
down €1.5m (-73.0%), from €2.0m to €552,800
- Debts after one year +€876,789
up €876,789 (+17.7%), from €4.9m to €5.8m
- Short-term financial debts -€590,834
down €590,834 (-48.0%), from €1.2m to €639,775
- Trade debts +€518,363
up €518,363 (+51.3%), from €1.0m to €1.5m
- Profit (loss) carried forward -€456,485
down €456,485 (-17.8%), from -€2.6m to -€3.0m
Income statement
- Gross operating margin -€556,677
down €556,677 (-34.6%), from €1.6m to €1.1m
- Depreciation +€341,702
up €341,702 (+31.6%), from €1.1m to €1.4m
- Other operating charges +€283,101
up €283,101 (+3140.3%), from €9,015 to €292,116
- Taxes +€233,165
up €233,165 (+92.4%), from -€252,432 to -€19,267
- Financial charges +€108,472
up €108,472 (+17.2%), from €629,623 to €738,096
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.
Result 2024
-€1.8m
Gross operating margin
-€556,677
Staff costs
+€45,482
Depreciation
-€341,702
Other operating charges
-€283,101
Other operating items
+€62,720
Financial income
-€56,286
Financial charges
-€108,472
Taxes
-€233,165
Result 2025
-€3.3m
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.
From operations
-€2.5m
Investment
-€646,013
Financing
+€3.7m
Cash 2024
€6,576
From operations (derived)
-€2.5m
Net result for the year
-€3.3m
Depreciation
+€1.4m
Stocks and contracts
+€33,643
Receivables within one year
+€60,467
Deferred charges and accrued income
+€66,767
Trade debts
+€518,363
Tax, wage and social debts
-€98,582
Advances received
+€271,893
Other debts
-€2,687
Accrued charges and deferred income
-€1.5m
Investment (derived)
-€646,013
Investment in fixed assets (net)
-€646,013
Financing
+€3.7m
Debts after one year
+€876,789
Current portion of long-term debt
+€400,808
Short-term financial debts
-€590,834
Contributions, distributions and other
+€3.0m
Cash 2025
€487,903
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €11,335,402 | €10,878,202 | -€457,199 | -4.0% |
| Fixed assets | 21/28 | €7,922,492 | €7,144,842 | -€777,650 | -9.8% |
| Intangible fixed assets | 21 | €2,664,450 | €2,574,452 | -€89,998 | -3.4% |
| Tangible fixed assets | 22/27 | €4,933,042 | €4,245,390 | -€687,652 | -13.9% |
| Plant, machinery and equipment | 23 | €3,072,061 | €2,630,164 | -€441,896 | -14.4% |
| Furniture and vehicles | 24 | €63,759 | €34,325 | -€29,434 | -46.2% |
| Leasing and similar rights | 25 | €848,806 | €1,472,998 | +€624,192 | +73.5% |
| Other tangible fixed assets | 26 | €128,738 | €107,903 | -€20,835 | -16.2% |
| Assets under construction and advance payments | 27 | €819,679 | - | -€819,679 | |
| Financial fixed assets | 28 | €325,000 | €325,000 | = | 0.0% |
| Current assets | 29/58 | €3,412,909 | €3,733,360 | +€320,451 | +9.4% |
| Stocks and contracts in progress | 3 | €695,338 | €661,696 | -€33,643 | -4.8% |
| Stocks | 30/36 | €695,338 | €661,696 | -€33,643 | -4.8% |
| Amounts receivable within one year | 40/41 | €2,574,999 | €2,514,532 | -€60,467 | -2.3% |
| Trade receivables | 40 | €1,225,797 | €1,579,093 | +€353,296 | +28.8% |
| Other amounts receivable | 41 | €1,349,202 | €935,439 | -€413,763 | -30.7% |
| Cash at bank and in hand | 54/58 | €6,576 | €487,903 | +€481,327 | +7319.7% |
| Deferred charges and accrued income | 490/1 | €135,996 | €69,229 | -€66,767 | -49.1% |
| Total equity and liabilities | 10/49 | €11,335,402 | €10,878,202 | -€457,199 | -4.0% |
| Equity | 10/15 | €1,390,078 | €1,050,637 | -€339,441 | -24.4% |
| Contributions | 10/11 | €2,760,000 | €2,987,842 | +€227,842 | +8.3% |
| Capital | 10 | €2,760,000 | €2,987,842 | +€227,842 | +8.3% |
| Issued capital | 100 | €2,760,000 | €2,987,842 | +€227,842 | +8.3% |
| Revaluation surpluses | 12 | €728,212 | €582,487 | -€145,725 | -20.0% |
| Reserves | 13 | - | €145,725 | +€145,725 | |
| Distributable reserves | 133 | - | €145,725 | +€145,725 | |
| Profit (loss) carried forward | 14 | -€2,561,250 | -€3,017,735 | -€456,485 | -17.8% |
| Investment grants | 15 | €463,116 | €352,318 | -€110,798 | -23.9% |
| Amounts payable | 17/49 | €9,945,323 | €9,827,565 | -€117,758 | -1.2% |
| Amounts payable after more than one year | 17 | €4,940,609 | €5,817,398 | +€876,789 | +17.7% |
| Financial debts | 170/4 | €4,940,609 | €5,817,398 | +€876,789 | +17.7% |
| Amounts payable within one year | 42/48 | €2,958,405 | €3,457,366 | +€498,961 | +16.9% |
| Current portion of amounts payable after more than one year | 42 | €325,308 | €726,116 | +€400,808 | +123.2% |
| Financial debts | 43 | €1,230,609 | €639,775 | -€590,834 | -48.0% |
| Credit institutions | 430/8 | €1,230,609 | €639,775 | -€590,834 | -48.0% |
| Trade debts | 44 | €1,010,022 | €1,528,386 | +€518,363 | +51.3% |
| Suppliers | 440/4 | €1,010,022 | €1,528,386 | +€518,363 | +51.3% |
| Advances received on contracts in progress | 46 | - | €271,893 | +€271,893 | |
| Taxes, remuneration and social security | 45 | €389,778 | €291,196 | -€98,582 | -25.3% |
| Taxes | 450/3 | €40,014 | €39,847 | -€166 | -0.4% |
| Remuneration and social security | 454/9 | €349,764 | €251,349 | -€98,416 | -28.1% |
| Other amounts payable | 47/48 | €2,687 | - | -€2,687 | |
| Accrued charges and deferred income | 492/3 | €2,046,309 | €552,800 | -€1.5m | -73.0% |
| Remuneration, social security and pensions | 62 | €2,098,552 | €2,053,070 | -€45,482 | -2.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,081,961 | €1,423,663 | +€341,702 | +31.6% |
| Other operating charges | 640/8 | €9,015 | €292,116 | +€283,101 | +3140.3% |
| Non-recurring operating charges | 66A | €67,714 | €4,995 | -€62,720 | -92.6% |
| Gross operating margin | 9900 | €1,606,950 | €1,050,273 | -€556,677 | -34.6% |
| Operating profit (loss) | 9901 | -€1,650,292 | -€2,723,571 | -€1.1m | -65.0% |
| Financial income | 75/76B | €182,166 | €125,880 | -€56,286 | -30.9% |
| Recurring financial income | 75 | €182,166 | €125,880 | -€56,286 | -30.9% |
| Financial charges | 65/66B | €629,623 | €738,096 | +€108,472 | +17.2% |
| Recurring financial charges | 65 | €629,623 | €738,096 | +€108,472 | +17.2% |
| Profit (loss) for the period before taxes | 9903 | -€2,097,749 | -€3,335,786 | -€1.2m | -59.0% |
| Income taxes | 67/77 | -€252,432 | -€19,267 | +€233,165 | +92.4% |
| Profit (loss) for the period | 9904 | -€1,845,317 | -€3,316,519 | -€1.5m | -79.7% |
| Profit (loss) for the period to be appropriated | 9905 | -€1,845,317 | -€3,316,519 | -€1.5m | -79.7% |
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 7 October 2026 via checked.be.