SOLUJEM: 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.
SOLUJEM
Largest movements
- Receivables within one year -€109,873
down €109,873 (-72.2%), from €152,100 to €42,227
of which Other amounts receivable: -€126,755
- Current investments -€50,000
no longer reported in 2025 (was €50,000)
- Tangible fixed assets +€31,776
up €31,776 (+3316.1%), from €958 to €32,734
of which Land and buildings: +€32,294
- Cash +€21,929
up €21,929 (+69.4%), from €31,607 to €53,536
mainly Receivables within one year (+€109,873) and Net result for the year (+€56,280)
- Other debts -€110,500
down €110,500 (-72.2%), from €153,000 to €42,500
- Tax, wage and social debts -€21,334
down €21,334 (-34.4%), from €61,955 to €40,622
- Debts after one year +€16,548
new in 2025: €16,548
- Current portion of long-term debt +€6,549
up €6,549 (+32150.7%), from €20 to €6,569
- Profit (loss) carried forward +€6,280
up €6,280 (+67.2%), from €9,343 to €15,623
- Financial charges +€3,137
up €3,137 (+1010.4%), from €310 to €3,447
- Taxes +€2,573
up €2,573 (+13.9%), from €18,501 to €21,074
- Gross operating margin -€2,210
down €2,210 (-2.6%), from €85,632 to €83,422
- Depreciation +€1,598
up €1,598 (+217.4%), from €735 to €2,333
- Financial income +€1,085
new in 2025: €1,085
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 | €234,820 | €128,498 | -€106,322 | -45.3% |
| Formation expenses | 20 | €154 | - | -€154 | |
| Fixed assets | 21/28 | €958 | €32,734 | +€31,776 | +3316.1% |
| Tangible fixed assets | 22/27 | €958 | €32,734 | +€31,776 | +3316.1% |
| Land and buildings | 22 | - | €32,294 | +€32,294 | |
| Plant, machinery and equipment | 23 | €958 | €440 | -€518 | -54.1% |
| Current assets | 29/58 | €233,708 | €95,764 | -€137,944 | -59.0% |
| Amounts receivable within one year | 40/41 | €152,100 | €42,227 | -€109,873 | -72.2% |
| Trade receivables | 40 | - | €16,882 | +€16,882 | |
| Other amounts receivable | 41 | €152,100 | €25,345 | -€126,755 | -83.3% |
| Current investments | 50/53 | €50,000 | - | -€50,000 | |
| Cash at bank and in hand | 54/58 | €31,607 | €53,536 | +€21,929 | +69.4% |
| Total equity and liabilities | 10/49 | €234,820 | €128,498 | -€106,322 | -45.3% |
| Equity | 10/15 | €15,843 | €22,123 | +€6,280 | +39.6% |
| Contributions | 10/11 | €6,500 | €6,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €9,343 | €15,623 | +€6,280 | +67.2% |
| Amounts payable | 17/49 | €218,978 | €106,375 | -€112,603 | -51.4% |
| Amounts payable after more than one year | 17 | - | €16,548 | +€16,548 | |
| Financial debts | 170/4 | - | €16,548 | +€16,548 | |
| Amounts payable within one year | 42/48 | €218,978 | €89,827 | -€129,151 | -59.0% |
| Current portion of amounts payable after more than one year | 42 | €20 | €6,569 | +€6,549 | +32150.7% |
| Trade debts | 44 | €4,002 | €136 | -€3,866 | -96.6% |
| Suppliers | 440/4 | €4,002 | €136 | -€3,866 | -96.6% |
| Taxes, remuneration and social security | 45 | €61,955 | €40,622 | -€21,334 | -34.4% |
| Taxes | 450/3 | €61,955 | €40,622 | -€21,334 | -34.4% |
| Other amounts payable | 47/48 | €153,000 | €42,500 | -€110,500 | -72.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €735 | €2,333 | +€1,598 | +217.4% |
| Other operating charges | 640/8 | €715 | €1,373 | +€658 | +92.0% |
| Non-recurring operating charges | 66A | €1,049 | - | -€1,049 | |
| Gross operating margin | 9900 | €85,632 | €83,422 | -€2,210 | -2.6% |
| Operating profit (loss) | 9901 | €83,133 | €79,717 | -€3,416 | -4.1% |
| Financial income | 75/76B | - | €1,085 | +€1,085 | |
| Recurring financial income | 75 | - | €1,085 | +€1,085 | |
| Financial charges | 65/66B | €310 | €3,447 | +€3,137 | +1010.4% |
| Recurring financial charges | 65 | €310 | €3,447 | +€3,137 | +1010.4% |
| Profit (loss) for the period before taxes | 9903 | €82,823 | €77,355 | -€5,468 | -6.6% |
| Income taxes | 67/77 | €18,501 | €21,074 | +€2,573 | +13.9% |
| Profit (loss) for the period | 9904 | €64,322 | €56,280 | -€8,041 | -12.5% |
| Profit (loss) for the period to be appropriated | 9905 | €64,322 | €56,280 | -€8,041 | -12.5% |
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 29 September 2026 via checked.be.