SOLUCIOUS: 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
SOLUCIOUS
NACE 46.392, Non-specialised wholesale
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
-€4.5m
2024 · -€4.2m-€341,376
Equity
€9.1m
2024 · €13.7m-€4.6m
Cash
€1.0m
2024 · €654+€1.0m
Balance sheet total
€95.5m
2024 · €79.6m+€15.9m
Largest movements
Assets
- Receivables within one year +€6.3m
up €6.3m (+12.6%), from €50.3m to €56.6m
of which Trade receivables: +€6.1m
- Financial fixed assets +€5.6m
up €5.6m (+121.0%), from €4.6m to €10.2m
of which Affiliated companies: +€5.6m
- Intangible fixed assets +€2.3m
up €2.3m (+59.3%), from €3.8m to €6.1m
- Cash +€1.0m
up €1.0m (+155344.8%), from €654 to €1.0m
mainly Trade debts (+€12.5m) and Short-term financial debts (+€4.7m)
Equity and liabilities
- Trade debts +€12.5m
up €12.5m (+36.0%), from €34.7m to €47.2m
- Short-term financial debts +€4.7m
up €4.7m (+32.5%), from €14.6m to €19.3m
- Profit (loss) carried forward -€4.5m
down €4.5m, from €768,896 to -€3.7m
- Advances received +€2.5m
up €2.5m (+94.9%), from €2.6m to €5.0m
- Tax, wage and social debts +€1.6m
up €1.6m (+12.4%), from €13.1m to €14.8m
of which Remuneration and social security: +€1.6m
Income statement
- Turnover +€34.6m
up €34.6m (+12.7%), from €272.8m to €307.3m
- Goods and materials +€20.9m
up €20.9m (+11.2%), from €186.4m to €207.3m
of which Purchases: +€19.6m
- Services and other goods +€8.2m
up €8.2m (+15.8%), from €51.8m to €60.0m
- Staff costs +€6.2m
up €6.2m (+15.7%), from €39.5m to €45.7m
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
-€4.2m
Turnover
+€34.6m
Other operating income
+€197,288
Goods and materials
-€20.9m
Services and other goods
-€8.2m
Staff costs
-€6.2m
Depreciation
-€72,656
Write-downs
+€572,934
Provisions
-€5,876
Other operating charges
-€82,129
Other operating items
+€84,666
Financial income
+€331,301
Financial charges
-€619,585
Taxes
-€3,199
Result 2025
-€4.5m
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
+€5.1m
Investment
-€8.8m
Financing
+€4.7m
Cash 2024
€654
From operations (derived)
+€5.1m
Net result for the year
-€4.5m
Depreciation
+€621,283
Receivables after one year
+€40,000
Stocks and contracts
-€66,126
Receivables within one year
-€6.3m
Deferred charges and accrued income
-€357,961
Trade debts
+€12.5m
Tax, wage and social debts
+€1.6m
Advances received
+€2.5m
Accrued charges and deferred income
-€872,651
Investment (derived)
-€8.8m
Investment in fixed assets (net)
-€8.8m
Financing
+€4.7m
Short-term financial debts
+€4.7m
Contributions, distributions and other
-€37,465
Cash 2025
€1.0m
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €79,607,529 | €95,476,203 | +€15.9m | +19.9% |
| Fixed assets | 21/28 | €10,188,661 | €18,332,457 | +€8.1m | +79.9% |
| Intangible fixed assets | 21 | €3,827,159 | €6,097,552 | +€2.3m | +59.3% |
| Tangible fixed assets | 22/27 | €1,739,661 | €2,019,152 | +€279,491 | +16.1% |
| Plant, machinery and equipment | 23 | €634,727 | €773,335 | +€138,607 | +21.8% |
| Furniture and vehicles | 24 | €33,198 | €47,377 | +€14,179 | +42.7% |
| Other tangible fixed assets | 26 | €1,071,736 | €1,198,441 | +€126,705 | +11.8% |
| Financial fixed assets | 28 | €4,621,842 | €10,215,753 | +€5.6m | +121.0% |
| Affiliated companies | 280/1 | €4,063,359 | €9,618,815 | +€5.6m | +136.7% |
| Participating interests | 280 | €4,063,359 | €9,618,815 | +€5.6m | +136.7% |
| Other financial fixed assets | 284/8 | €558,483 | €596,938 | +€38,455 | +6.9% |
| Amounts receivable and cash guarantees | 285/8 | €558,483 | €596,938 | +€38,455 | +6.9% |
| Current assets | 29/58 | €69,418,868 | €77,143,747 | +€7.7m | +11.1% |
| Amounts receivable after more than one year | 29 | €60,000 | €20,000 | -€40,000 | -66.7% |
| Other amounts receivable | 291 | €60,000 | €20,000 | -€40,000 | -66.7% |
| Stocks and contracts in progress | 3 | €18,410,345 | €18,476,471 | +€66,126 | +0.4% |
| Stocks | 30/36 | €18,410,345 | €18,476,471 | +€66,126 | +0.4% |
| Goods purchased for resale | 34 | €18,410,345 | €18,476,471 | +€66,126 | +0.4% |
| Amounts receivable within one year | 40/41 | €50,274,413 | €56,599,250 | +€6.3m | +12.6% |
| Trade receivables | 40 | €48,675,080 | €54,745,415 | +€6.1m | +12.5% |
| Other amounts receivable | 41 | €1,599,333 | €1,853,835 | +€254,502 | +15.9% |
| Cash at bank and in hand | 54/58 | €654 | €1,016,609 | +€1.0m | +155344.8% |
| Deferred charges and accrued income | 490/1 | €673,456 | €1,031,416 | +€357,961 | +53.2% |
| Total equity and liabilities | 10/49 | €79,607,529 | €95,476,203 | +€15.9m | +19.9% |
| Equity | 10/15 | €13,677,351 | €9,121,524 | -€4.6m | -33.3% |
| Contributions | 10/11 | €12,228,115 | €12,228,115 | = | 0.0% |
| Capital | 10 | €12,228,115 | €12,228,115 | = | 0.0% |
| Issued capital | 100 | €12,228,115 | €12,228,115 | = | 0.0% |
| Reserves | 13 | €540,463 | €540,463 | = | 0.0% |
| Non-distributable reserves | 130/1 | €538,120 | €538,120 | = | 0.0% |
| Legal reserve | 130 | €538,120 | €538,120 | = | 0.0% |
| Tax-exempt reserves | 132 | €2,343 | €2,343 | = | 0.0% |
| Profit (loss) carried forward | 14 | €768,896 | -€3,749,466 | -€4.5m | |
| Investment grants | 15 | €139,876 | €102,411 | -€37,465 | -26.8% |
| Amounts payable | 17/49 | €65,930,178 | €86,354,680 | +€20.4m | +31.0% |
| Amounts payable within one year | 42/48 | €64,986,372 | €86,283,525 | +€21.3m | +32.8% |
| Financial debts | 43 | €14,578,043 | €19,313,652 | +€4.7m | +32.5% |
| Credit institutions | 430/8 | €14,578,043 | €19,313,652 | +€4.7m | +32.5% |
| Trade debts | 44 | €34,698,731 | €47,177,344 | +€12.5m | +36.0% |
| Suppliers | 440/4 | €34,698,731 | €47,177,344 | +€12.5m | +36.0% |
| Advances received on contracts in progress | 46 | €2,582,514 | €5,034,566 | +€2.5m | +94.9% |
| Taxes, remuneration and social security | 45 | €13,127,084 | €14,757,964 | +€1.6m | +12.4% |
| Taxes | 450/3 | €203,926 | €255,650 | +€51,724 | +25.4% |
| Remuneration and social security | 454/9 | €12,923,158 | €14,502,313 | +€1.6m | +12.2% |
| Accrued charges and deferred income | 492/3 | €943,806 | €71,154 | -€872,651 | -92.5% |
| Operating income | 70/76A | €275,742,973 | €311,313,128 | +€35.6m | +12.9% |
| Turnover | 70 | €272,757,135 | €307,338,827 | +€34.6m | +12.7% |
| Other operating income | 74 | €2,985,838 | €3,183,126 | +€197,288 | +6.6% |
| Non-recurring operating income | 76A | - | €791,176 | +€791,176 | |
| Operating charges | 60/66A | €279,693,769 | €315,313,817 | +€35.6m | +12.7% |
| Goods for resale, raw materials and consumables | 60 | €186,397,469 | €207,340,782 | +€20.9m | +11.2% |
| Purchases | 600/8 | €187,831,957 | €207,406,908 | +€19.6m | +10.4% |
| Change in stocks: decrease (increase) | 609 | -€1,434,488 | -€66,126 | +€1.4m | +95.4% |
| Services and other goods | 61 | €51,837,210 | €60,005,030 | +€8.2m | +15.8% |
| Remuneration, social security and pensions | 62 | €39,502,879 | €45,717,560 | +€6.2m | +15.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €548,627 | €621,283 | +€72,656 | +13.2% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €928,769 | €355,834 | -€572,934 | -61.7% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | -€5,876 | - | +€5,876 | |
| Other operating charges | 640/8 | €465,472 | €547,601 | +€82,129 | +17.6% |
| Non-recurring operating charges | 66A | €19,218 | €725,727 | +€706,510 | +3676.3% |
| Operating profit (loss) | 9901 | -€3,950,795 | -€4,000,688 | -€49,893 | -1.3% |
| Financial income | 75/76B | €97,735 | €429,036 | +€331,301 | +339.0% |
| Recurring financial income | 75 | €97,735 | €429,036 | +€331,301 | +339.0% |
| Income from financial fixed assets | 750 | €1,721 | - | -€1,721 | |
| Income from current assets | 751 | €14,384 | €359,499 | +€345,115 | +2399.3% |
| Other financial income | 752/9 | €81,630 | €69,537 | -€12,093 | -14.8% |
| Financial charges | 65/66B | €299,736 | €919,321 | +€619,585 | +206.7% |
| Recurring financial charges | 65 | €299,736 | €919,321 | +€619,585 | +206.7% |
| Debt charges | 650 | €280,528 | €845,975 | +€565,446 | +201.6% |
| Other financial charges | 652/9 | €19,207 | €73,346 | +€54,139 | +281.9% |
| Profit (loss) for the period before taxes | 9903 | -€4,152,796 | -€4,490,974 | -€338,178 | -8.1% |
| Income taxes | 67/77 | €24,190 | €27,389 | +€3,199 | +13.2% |
| Taxes | 670/3 | €24,190 | €27,389 | +€3,199 | +13.2% |
| Profit (loss) for the period | 9904 | -€4,176,986 | -€4,518,362 | -€341,376 | -8.2% |
| Profit (loss) for the period to be appropriated | 9905 | -€4,176,986 | -€4,518,362 | -€341,376 | -8.2% |
Source: filed annual accounts (NBB), fiscal years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 September 2026 via checked.be.