SoluD: 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.
SoluD
Largest movements
- Receivables within one year -€26,011
down €26,011 (-47.1%), from €55,193 to €29,181
of which Trade receivables: -€29,884
- Stocks and contracts -€22,181
no longer reported in 2025 (was €22,181)
- Tangible fixed assets -€14,581
down €14,581 (-3.9%), from €371,218 to €356,637
of which Land and buildings: -€31,801
- Debts after one year -€29,647
down €29,647 (-16.0%), from €185,689 to €156,042
- Trade debts -€27,261
down €27,261 (-42.7%), from €63,842 to €36,582
- Reserves +€7,314
up €7,314 (+27.1%), from €26,952 to €34,266
- Tax, wage and social debts -€6,212
down €6,212 (-32.3%), from €19,249 to €13,037
- Other debts -€6,081
down €6,081 (-6.8%), from €89,309 to €83,228
- Gross operating margin +€29,766
up €29,766 (+59.7%), from €49,873 to €79,639
- Write-downs +€17,440
new in 2025: €17,440
- Financial charges +€4,611
up €4,611 (+73.0%), from €6,315 to €10,926
- Depreciation -€3,302
down €3,302 (-8.1%), from €40,831 to €37,529
- Taxes +€2,953
up €2,953 (+271.8%), from €1,087 to €4,040
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 | €472,409 | €411,254 | -€61,154 | -12.9% |
| Fixed assets | 21/28 | €371,218 | €356,637 | -€14,581 | -3.9% |
| Tangible fixed assets | 22/27 | €371,218 | €356,637 | -€14,581 | -3.9% |
| Land and buildings | 22 | €362,411 | €330,610 | -€31,801 | -8.8% |
| Plant, machinery and equipment | 23 | €4,748 | €22,977 | +€18,228 | +383.9% |
| Furniture and vehicles | 24 | €4,058 | €3,050 | -€1,008 | -24.8% |
| Current assets | 29/58 | €101,191 | €54,618 | -€46,573 | -46.0% |
| Stocks and contracts in progress | 3 | €22,181 | - | -€22,181 | |
| Stocks | 30/36 | €22,181 | - | -€22,181 | |
| Amounts receivable within one year | 40/41 | €55,193 | €29,181 | -€26,011 | -47.1% |
| Trade receivables | 40 | €52,893 | €23,009 | -€29,884 | -56.5% |
| Other amounts receivable | 41 | €2,300 | €6,173 | +€3,873 | +168.4% |
| Cash at bank and in hand | 54/58 | €20,977 | €23,475 | +€2,498 | +11.9% |
| Deferred charges and accrued income | 490/1 | €2,840 | €1,961 | -€879 | -30.9% |
| Total equity and liabilities | 10/49 | €472,409 | €411,254 | -€61,154 | -12.9% |
| Equity | 10/15 | €85,404 | €92,718 | +€7,314 | +8.6% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €26,952 | €34,266 | +€7,314 | +27.1% |
| Distributable reserves | 133 | €26,952 | €34,266 | +€7,314 | +27.1% |
| Profit (loss) carried forward | 14 | €39,852 | €39,852 | = | 0.0% |
| Amounts payable | 17/49 | €387,004 | €318,536 | -€68,468 | -17.7% |
| Amounts payable after more than one year | 17 | €185,689 | €156,042 | -€29,647 | -16.0% |
| Financial debts | 170/4 | €185,689 | €156,042 | -€29,647 | -16.0% |
| Amounts payable within one year | 42/48 | €201,315 | €162,494 | -€38,821 | -19.3% |
| Current portion of amounts payable after more than one year | 42 | €28,915 | €29,647 | +€731 | +2.5% |
| Trade debts | 44 | €63,842 | €36,582 | -€27,261 | -42.7% |
| Suppliers | 440/4 | €63,842 | €36,582 | -€27,261 | -42.7% |
| Taxes, remuneration and social security | 45 | €19,249 | €13,037 | -€6,212 | -32.3% |
| Taxes | 450/3 | €19,249 | €13,037 | -€6,212 | -32.3% |
| Other amounts payable | 47/48 | €89,309 | €83,228 | -€6,081 | -6.8% |
| Remuneration, social security and pensions | 62 | - | €475 | +€475 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €40,831 | €37,529 | -€3,302 | -8.1% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €17,440 | +€17,440 | |
| Other operating charges | 640/8 | €2,483 | €2,031 | -€451 | -18.2% |
| Gross operating margin | 9900 | €49,873 | €79,639 | +€29,766 | +59.7% |
| Operating profit (loss) | 9901 | €6,560 | €22,163 | +€15,603 | +237.9% |
| Financial income | 75/76B | €831 | €116 | -€715 | -86.0% |
| Recurring financial income | 75 | €831 | €116 | -€715 | -86.0% |
| Financial charges | 65/66B | €6,315 | €10,926 | +€4,611 | +73.0% |
| Recurring financial charges | 65 | €6,315 | €10,926 | +€4,611 | +73.0% |
| Profit (loss) for the period before taxes | 9903 | €1,076 | €11,353 | +€10,277 | +954.7% |
| Income taxes | 67/77 | €1,087 | €4,040 | +€2,953 | +271.8% |
| Profit (loss) for the period | 9904 | -€10 | €7,314 | +€7,324 | |
| Profit (loss) for the period to be appropriated | 9905 | -€10 | €7,314 | +€7,324 |
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.