SOLUFAK: 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
SOLUFAK
NACE 80.090, Investigation and security activities
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€134,896
2024 · €23,277+€111,619
Equity
€1.9m
2024 · €1.8m+€134,896
Cash
€2.7m
2024 · €3.0m-€296,030
Balance sheet total
€7.7m
2024 · €9.2m-€1.5m
Largest movements
Assets
- Receivables within one year -€703,007
down €703,007 (-20.1%), from €3.5m to €2.8m
of which Trade receivables: -€651,761
- Stocks and contracts -€472,426
down €472,426 (-21.7%), from €2.2m to €1.7m
- Cash -€296,030
down €296,030 (-9.9%), from €3.0m to €2.7m
mainly Trade debts (-€841,217) and Other debts (-€807,075)
Equity and liabilities
- Trade debts -€841,217
down €841,217 (-23.4%), from €3.6m to €2.8m
- Other debts -€807,075
down €807,075 (-28.4%), from €2.8m to €2.0m
- Profit (loss) carried forward +€134,896
up €134,896 (+8.5%), from €1.6m to €1.7m
- Tax, wage and social debts +€95,960
up €95,960 (+19.3%), from €497,756 to €593,716
of which Remuneration and social security: +€116,745
Income statement
- Turnover -€6.7m
down €6.7m (-30.0%), from €22.4m to €15.7m
- Goods and materials -€6.4m
down €6.4m (-35.0%), from €18.2m to €11.9m
of which Purchases: -€6.8m
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
€23,277
Turnover
-€6.7m
Other operating income
-€134,322
Goods and materials
+€6.4m
Services and other goods
+€211,683
Staff costs
+€143,745
Depreciation
+€43,045
Other operating charges
-€14,799
Financial income
+€706
Financial charges
+€199,100
Taxes
-€23,694
Result 2025
€134,896
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
-€185,343
Investment
-€66,940
Financing
-€43,747
Cash 2024
€3.0m
From operations (derived)
-€185,343
Net result for the year
+€134,896
Depreciation
+€223,963
Stocks and contracts
+€472,426
Receivables within one year
+€703,007
Deferred charges and accrued income
-€78,558
Trade debts
-€841,217
Tax, wage and social debts
+€95,960
Other debts
-€807,075
Accrued charges and deferred income
-€88,744
Investment (derived)
-€66,940
Investment in fixed assets (net)
-€66,940
Financing
-€43,747
Debts after one year
-€66,866
Current portion of long-term debt
+€6,304
Short-term financial debts
+€16,814
Cash 2025
€2.7m
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €9,215,418 | €7,665,490 | -€1.5m | -16.8% |
| Fixed assets | 21/28 | €491,764 | €334,741 | -€157,023 | -31.9% |
| Intangible fixed assets | 21 | €111,333 | €19,182 | -€92,151 | -82.8% |
| Tangible fixed assets | 22/27 | €345,095 | €280,222 | -€64,872 | -18.8% |
| Land and buildings | 22 | €21,288 | €27,522 | +€6,234 | +29.3% |
| Plant, machinery and equipment | 23 | €29,228 | €23,657 | -€5,571 | -19.1% |
| Furniture and vehicles | 24 | €22,301 | €17,087 | -€5,214 | -23.4% |
| Leasing and similar rights | 25 | €272,277 | €211,956 | -€60,321 | -22.2% |
| Financial fixed assets | 28 | €35,337 | €35,337 | = | 0.0% |
| Other financial fixed assets | 284/8 | €35,337 | €35,337 | = | 0.0% |
| Amounts receivable and cash guarantees | 285/8 | €35,337 | €35,337 | = | 0.0% |
| Current assets | 29/58 | €8,723,654 | €7,330,749 | -€1.4m | -16.0% |
| Stocks and contracts in progress | 3 | €2,177,307 | €1,704,881 | -€472,426 | -21.7% |
| Stocks | 30/36 | €2,177,307 | €1,704,881 | -€472,426 | -21.7% |
| Goods purchased for resale | 34 | €2,177,307 | €1,704,881 | -€472,426 | -21.7% |
| Amounts receivable within one year | 40/41 | €3,499,590 | €2,796,583 | -€703,007 | -20.1% |
| Trade receivables | 40 | €3,410,662 | €2,758,901 | -€651,761 | -19.1% |
| Other amounts receivable | 41 | €88,928 | €37,682 | -€51,246 | -57.6% |
| Cash at bank and in hand | 54/58 | €2,980,398 | €2,684,368 | -€296,030 | -9.9% |
| Deferred charges and accrued income | 490/1 | €66,359 | €144,917 | +€78,558 | +118.4% |
| Total equity and liabilities | 10/49 | €9,215,418 | €7,665,490 | -€1.5m | -16.8% |
| Equity | 10/15 | €1,787,230 | €1,922,126 | +€134,896 | +7.5% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Reserves | 13 | €190,847 | €190,847 | = | 0.0% |
| Tax-exempt reserves | 132 | €18,750 | €18,750 | = | 0.0% |
| Distributable reserves | 133 | €172,097 | €172,097 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,577,833 | €1,712,729 | +€134,896 | +8.5% |
| Amounts payable | 17/49 | €7,428,188 | €5,743,364 | -€1.7m | -22.7% |
| Amounts payable after more than one year | 17 | €164,774 | €97,909 | -€66,866 | -40.6% |
| Financial debts | 170/4 | €164,774 | €97,909 | -€66,866 | -40.6% |
| Leasing and similar obligations | 172 | €164,774 | €97,909 | -€66,866 | -40.6% |
| Amounts payable within one year | 42/48 | €7,046,984 | €5,517,769 | -€1.5m | -21.7% |
| Current portion of amounts payable after more than one year | 42 | €104,296 | €110,600 | +€6,304 | +6.0% |
| Financial debts | 43 | - | €16,814 | +€16,814 | |
| Credit institutions | 430/8 | - | €16,814 | +€16,814 | |
| Trade debts | 44 | €3,598,269 | €2,757,051 | -€841,217 | -23.4% |
| Suppliers | 440/4 | €3,598,269 | €2,757,051 | -€841,217 | -23.4% |
| Taxes, remuneration and social security | 45 | €497,756 | €593,716 | +€95,960 | +19.3% |
| Taxes | 450/3 | €60,691 | €39,907 | -€20,785 | -34.2% |
| Remuneration and social security | 454/9 | €437,065 | €553,810 | +€116,745 | +26.7% |
| Other amounts payable | 47/48 | €2,846,663 | €2,039,588 | -€807,075 | -28.4% |
| Accrued charges and deferred income | 492/3 | €216,430 | €127,686 | -€88,744 | -41.0% |
| Operating income | 70/76A | €22,683,326 | €15,842,563 | -€6.8m | -30.2% |
| Turnover | 70 | €22,372,013 | €15,665,572 | -€6.7m | -30.0% |
| Other operating income | 74 | €311,313 | €176,991 | -€134,322 | -43.1% |
| Operating charges | 60/66A | €22,339,464 | €15,563,194 | -€6.8m | -30.3% |
| Goods for resale, raw materials and consumables | 60 | €18,246,252 | €11,853,655 | -€6.4m | -35.0% |
| Purchases | 600/8 | €18,191,854 | €11,381,229 | -€6.8m | -37.4% |
| Change in stocks: decrease (increase) | 609 | €54,398 | €472,426 | +€418,028 | +768.5% |
| Services and other goods | 61 | €1,844,124 | €1,632,442 | -€211,683 | -11.5% |
| Remuneration, social security and pensions | 62 | €1,963,382 | €1,819,637 | -€143,745 | -7.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €267,008 | €223,963 | -€43,045 | -16.1% |
| Other operating charges | 640/8 | €18,699 | €33,497 | +€14,799 | +79.1% |
| Operating profit (loss) | 9901 | €343,862 | €279,369 | -€64,493 | -18.8% |
| Financial income | 75/76B | €328 | €1,034 | +€706 | +215.5% |
| Recurring financial income | 75 | €328 | €1,034 | +€706 | +215.5% |
| Income from current assets | 751 | - | €881 | +€881 | |
| Other financial income | 752/9 | €328 | €153 | -€175 | -53.4% |
| Financial charges | 65/66B | €290,531 | €91,431 | -€199,100 | -68.5% |
| Recurring financial charges | 65 | €290,531 | €91,431 | -€199,100 | -68.5% |
| Debt charges | 650 | €286,005 | €87,961 | -€198,044 | -69.2% |
| Other financial charges | 652/9 | €4,526 | €3,470 | -€1,056 | -23.3% |
| Profit (loss) for the period before taxes | 9903 | €53,659 | €188,972 | +€135,313 | +252.2% |
| Income taxes | 67/77 | €30,382 | €54,076 | +€23,694 | +78.0% |
| Taxes | 670/3 | €30,382 | €72,741 | +€42,360 | +139.4% |
| Tax adjustments and reversals of tax provisions | 77 | - | €18,666 | +€18,666 | |
| Profit (loss) for the period | 9904 | €23,277 | €134,896 | +€111,619 | +479.5% |
| Profit (loss) for the period to be appropriated | 9905 | €23,277 | €134,896 | +€111,619 | +479.5% |
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 8 October 2026 via checked.be.