SOLUCO: 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.
SOLUCO
Largest movements
- Cash +€74,236
up €74,236 (+132%), from €56,100 to €130,336
mainly Net result for the year (+€56,730) and Receivables within one year (+€41,346)
- Receivables within one year -€41,346
down €41,346 (-21.9%), from €188,553 to €147,207
of which Trade receivables: -€41,617
- Tangible fixed assets -€6,047
down €6,047 (-7.0%), from €86,020 to €79,973
of which Land and buildings: -€5,329
- Reserves +€21,986
up €21,986 (+17.2%), from €127,768 to €149,753
- Trade debts +€10,822
up €10,822 (+11.3%), from €95,618 to €106,441
- Debts after one year -€5,890
down €5,890 (-15.5%), from €37,975 to €32,085
- Gross operating margin +€8,475
up €8,475 (+9.6%), from €87,832 to €96,308
- Taxes +€3,870
up €3,870 (+21.2%), from €18,262 to €22,132
- Financial income +€3,009
up €3,009 (+495%), from €608 to €3,617
- Depreciation -€2,529
down €2,529 (-18.4%), from €13,718 to €11,189
- Staff costs +€2,465
new in 2025: €2,465
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.
Derived cash bridge
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 | €390,982 | €420,452 | +€29,470 | +7.5% |
| Fixed assets | 21/28 | €86,065 | €80,148 | -€5,917 | -6.9% |
| Tangible fixed assets | 22/27 | €86,020 | €79,973 | -€6,047 | -7.0% |
| Land and buildings | 22 | €73,683 | €68,354 | -€5,329 | -7.2% |
| Furniture and vehicles | 24 | €12,337 | €11,619 | -€718 | -5.8% |
| Financial fixed assets | 28 | €45 | €176 | +€131 | +290% |
| Current assets | 29/58 | €304,917 | €340,303 | +€35,386 | +11.6% |
| Amounts receivable within one year | 40/41 | €188,553 | €147,207 | -€41,346 | -21.9% |
| Trade receivables | 40 | €188,553 | €146,937 | -€41,617 | -22.1% |
| Other amounts receivable | 41 | €0 | €270 | +€270 | |
| Current investments | 50/53 | €56,539 | €58,312 | +€1,773 | +3.1% |
| Cash at bank and in hand | 54/58 | €56,100 | €130,336 | +€74,236 | +132% |
| Deferred charges and accrued income | 490/1 | €3,725 | €4,449 | +€724 | +19.4% |
| Total equity and liabilities | 10/49 | €390,982 | €420,452 | +€29,470 | +7.5% |
| Equity | 10/15 | €146,368 | €168,353 | +€21,986 | +15.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €127,768 | €149,753 | +€21,986 | +17.2% |
| Distributable reserves | 133 | €127,768 | €149,753 | +€21,986 | +17.2% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €244,614 | €252,098 | +€7,484 | +3.1% |
| Amounts payable after more than one year | 17 | €37,975 | €32,085 | -€5,890 | -15.5% |
| Financial debts | 170/4 | €37,975 | €32,085 | -€5,890 | -15.5% |
| Amounts payable within one year | 42/48 | €199,872 | €215,216 | +€15,344 | +7.7% |
| Current portion of amounts payable after more than one year | 42 | €5,758 | €5,890 | +€132 | +2.3% |
| Trade debts | 44 | €95,618 | €106,441 | +€10,822 | +11.3% |
| Suppliers | 440/4 | €95,618 | €106,441 | +€10,822 | +11.3% |
| Taxes, remuneration and social security | 45 | €16,715 | €19,696 | +€2,982 | +17.8% |
| Taxes | 450/3 | €16,715 | €19,696 | +€2,982 | +17.8% |
| Other amounts payable | 47/48 | €81,781 | €83,189 | +€1,409 | +1.7% |
| Accrued charges and deferred income | 492/3 | €6,767 | €4,797 | -€1,970 | -29.1% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Remuneration, social security and pensions | 62 | - | €2,465 | +€2,465 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,718 | €11,189 | -€2,529 | -18.4% |
| Other operating charges | 640/8 | €1,181 | €695 | -€486 | -41.2% |
| Non-recurring operating charges | 66A | €173 | €0 | -€173 | -100% |
| Gross operating margin | 9900 | €87,832 | €96,308 | +€8,475 | +9.6% |
| Operating profit (loss) | 9901 | €72,760 | €81,958 | +€9,198 | +12.6% |
| Financial income | 75/76B | €608 | €3,617 | +€3,009 | +495% |
| Recurring financial income | 75 | €608 | €3,617 | +€3,009 | +495% |
| Financial charges | 65/66B | €8,964 | €6,713 | -€2,251 | -25.1% |
| Recurring financial charges | 65 | €8,964 | €6,713 | -€2,251 | -25.1% |
| Profit (loss) for the period before taxes | 9903 | €64,404 | €78,862 | +€14,458 | +22.4% |
| Income taxes | 67/77 | €18,262 | €22,132 | +€3,870 | +21.2% |
| Profit (loss) for the period | 9904 | €46,142 | €56,730 | +€10,588 | +22.9% |
| Profit (loss) for the period to be appropriated | 9905 | €46,142 | €56,730 | +€10,588 | +22.9% |
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 20 October 2026 via checked.be.