Solubo: 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.
Solubo
Largest movements
- Stocks and contracts +€1.3m
up €1.3m (+1056.8%), from €126,428 to €1.5m
of which Contracts in progress: +€1.5m
- Cash +€490,650
up €490,650 (+1959.6%), from €25,038 to €515,688
mainly Advances received (+€795,936) and Debts after one year (+€588,560)
- Current investments -€250,000
down €250,000 (-100.0%), from €250,000 to €0
- Receivables within one year -€112,284
down €112,284 (-32.2%), from €348,614 to €236,331
of which Other amounts receivable: -€239,370
- Tangible fixed assets -€42,990
down €42,990 (-32.8%), from €131,113 to €88,123
of which Furniture and vehicles: -€32,958
- Advances received +€795,936
up €795,936, from €0 to €795,936
- Debts after one year +€588,560
up €588,560 (+760.3%), from €77,411 to €665,972
- Short-term financial debts +€324,829
up €324,829 (+81.2%), from €400,225 to €725,054
- Reserves -€236,242
down €236,242 (-100.0%), from €236,242 to €0
- Profit (loss) carried forward -€58,046
new in 2025: -€58,046
- Gross operating margin -€108,887
down €108,887, from €53,294 to -€55,593
- Other operating charges -€6,305
down €6,305 (-73.0%), from €8,635 to €2,329
- Financial income +€5,594
up €5,594 (+182.2%), from €3,069 to €8,663
- Financial charges +€3,623
up €3,623 (+8.5%), from €42,768 to €46,392
- Taxes -€997
down €997 (-70.6%), from €1,412 to €416
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 | €893,546 | €2,306,880 | +€1.4m | +158.2% |
| Fixed assets | 21/28 | €131,113 | €88,123 | -€42,990 | -32.8% |
| Tangible fixed assets | 22/27 | €131,113 | €88,123 | -€42,990 | -32.8% |
| Plant, machinery and equipment | 23 | €27,440 | €17,408 | -€10,032 | -36.6% |
| Furniture and vehicles | 24 | €103,673 | €70,715 | -€32,958 | -31.8% |
| Current assets | 29/58 | €762,433 | €2,218,757 | +€1.5m | +191.0% |
| Stocks and contracts in progress | 3 | €126,428 | €1,462,571 | +€1.3m | +1056.8% |
| Stocks | 30/36 | €126,428 | €0 | -€126,428 | -100.0% |
| Contracts in progress | 37 | €0 | €1,462,571 | +€1.5m | |
| Amounts receivable within one year | 40/41 | €348,614 | €236,331 | -€112,284 | -32.2% |
| Trade receivables | 40 | €34,947 | €162,034 | +€127,086 | +363.7% |
| Other amounts receivable | 41 | €313,667 | €74,297 | -€239,370 | -76.3% |
| Current investments | 50/53 | €250,000 | €0 | -€250,000 | -100.0% |
| Cash at bank and in hand | 54/58 | €25,038 | €515,688 | +€490,650 | +1959.6% |
| Deferred charges and accrued income | 490/1 | €12,353 | €4,167 | -€8,186 | -66.3% |
| Total equity and liabilities | 10/49 | €893,546 | €2,306,880 | +€1.4m | +158.2% |
| Equity | 10/15 | €336,242 | €41,954 | -€294,288 | -87.5% |
| Contributions | 10/11 | €100,000 | €100,000 | = | 0.0% |
| Reserves | 13 | €236,242 | €0 | -€236,242 | -100.0% |
| Distributable reserves | 133 | €236,242 | €0 | -€236,242 | -100.0% |
| Profit (loss) carried forward | 14 | - | -€58,046 | -€58,046 | |
| Amounts payable | 17/49 | €557,304 | €2,264,926 | +€1.7m | +306.4% |
| Amounts payable after more than one year | 17 | €77,411 | €665,972 | +€588,560 | +760.3% |
| Financial debts | 170/4 | €77,411 | €665,972 | +€588,560 | +760.3% |
| Amounts payable within one year | 42/48 | €479,285 | €1,598,954 | +€1.1m | +233.6% |
| Current portion of amounts payable after more than one year | 42 | €58,641 | €40,447 | -€18,193 | -31.0% |
| Financial debts | 43 | €400,225 | €725,054 | +€324,829 | +81.2% |
| Credit institutions | 430/8 | €400,225 | €725,054 | +€324,829 | +81.2% |
| Trade debts | 44 | €8,813 | €36,829 | +€28,015 | +317.9% |
| Suppliers | 440/4 | €8,813 | €36,829 | +€28,015 | +317.9% |
| Advances received on contracts in progress | 46 | €0 | €795,936 | +€795,936 | |
| Taxes, remuneration and social security | 45 | €11,606 | €688 | -€10,918 | -94.1% |
| Taxes | 450/3 | €11,606 | €688 | -€10,918 | -94.1% |
| Other amounts payable | 47/48 | €0 | - | = | |
| Accrued charges and deferred income | 492/3 | €608 | €0 | -€608 | -100.0% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €95 | -€95 | -€190 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €48,058 | €48,317 | +€259 | +0.5% |
| Other operating charges | 640/8 | €8,635 | €2,329 | -€6,305 | -73.0% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €53,294 | -€55,593 | -€108,887 | |
| Operating profit (loss) | 9901 | -€3,493 | -€106,144 | -€102,651 | -2938.7% |
| Financial income | 75/76B | €3,069 | €8,663 | +€5,594 | +182.2% |
| Recurring financial income | 75 | €3,069 | €8,663 | +€5,594 | +182.2% |
| Financial charges | 65/66B | €42,768 | €46,392 | +€3,623 | +8.5% |
| Recurring financial charges | 65 | €42,768 | €46,392 | +€3,623 | +8.5% |
| Profit (loss) for the period before taxes | 9903 | -€43,192 | -€143,873 | -€100,681 | -233.1% |
| Income taxes | 67/77 | €1,412 | €416 | -€997 | -70.6% |
| Profit (loss) for the period | 9904 | -€44,604 | -€144,288 | -€99,684 | -223.5% |
| Profit (loss) for the period to be appropriated | 9905 | -€44,604 | -€144,288 | -€99,684 | -223.5% |
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.