Solum Tegels: 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.
Solum Tegels
Largest movements
- Tangible fixed assets -€25,793
down €25,793 (-5.5%), from €471,657 to €445,864
of which Land and buildings: -€23,005
- Cash -€10,668
down €10,668 (-9.8%), from €109,393 to €98,725
mainly Debts after one year (-€30,447) and Advances received (-€24,490)
- Debts after one year -€30,447
down €30,447 (-8.8%), from €345,356 to €314,909
- Advances received -€24,490
down €24,490 (-83.1%), from €29,474 to €4,984
- Profit (loss) carried forward +€21,312
up €21,312, from -€21,312 to €0
- Tax, wage and social debts -€11,883
down €11,883 (-19.8%), from €60,008 to €48,125
of which Remuneration and social security: -€17,898
- Trade debts +€11,510
up €11,510 (+48.1%), from €23,918 to €35,428
- Gross operating margin -€16,352
down €16,352 (-13.3%), from €122,486 to €106,134
- Staff costs -€6,753
down €6,753 (-15.9%), from €42,551 to €35,799
- Taxes +€4,212
new in 2025: €4,212
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 | €593,031 | €564,386 | -€28,645 | -4.8% |
| Fixed assets | 21/28 | €471,657 | €445,864 | -€25,793 | -5.5% |
| Tangible fixed assets | 22/27 | €471,657 | €445,864 | -€25,793 | -5.5% |
| Land and buildings | 22 | €463,477 | €440,472 | -€23,005 | -5.0% |
| Plant, machinery and equipment | 23 | €5,281 | €3,781 | -€1,500 | -28.4% |
| Other tangible fixed assets | 26 | €2,899 | €1,611 | -€1,289 | -44.4% |
| Current assets | 29/58 | €121,374 | €118,522 | -€2,851 | -2.3% |
| Stocks and contracts in progress | 3 | €10,748 | €13,758 | +€3,010 | +28.0% |
| Stocks | 30/36 | €10,748 | €13,758 | +€3,010 | +28.0% |
| Amounts receivable within one year | 40/41 | €168 | €5,974 | +€5,805 | +3,448% |
| Trade receivables | 40 | €0 | €1,691 | +€1,691 | |
| Other amounts receivable | 41 | €168 | €4,282 | +€4,114 | +2,443% |
| Cash at bank and in hand | 54/58 | €109,393 | €98,725 | -€10,668 | -9.8% |
| Deferred charges and accrued income | 490/1 | €1,065 | €66 | -€999 | -93.8% |
| Total equity and liabilities | 10/49 | €593,031 | €564,386 | -€28,645 | -4.8% |
| Equity | 10/15 | €104,288 | €130,493 | +€26,205 | +25.1% |
| Contributions | 10/11 | €125,600 | €125,600 | = | 0.0% |
| Reserves | 13 | - | €4,893 | +€4,893 | |
| Distributable reserves | 133 | - | €4,893 | +€4,893 | |
| Profit (loss) carried forward | 14 | -€21,312 | €0 | +€21,312 | |
| Amounts payable | 17/49 | €488,743 | €433,893 | -€54,850 | -11.2% |
| Amounts payable after more than one year | 17 | €345,356 | €314,909 | -€30,447 | -8.8% |
| Financial debts | 170/4 | €345,356 | €314,909 | -€30,447 | -8.8% |
| Amounts payable within one year | 42/48 | €143,387 | €118,984 | -€24,403 | -17.0% |
| Current portion of amounts payable after more than one year | 42 | €29,986 | €30,447 | +€461 | +1.5% |
| Trade debts | 44 | €23,918 | €35,428 | +€11,510 | +48.1% |
| Suppliers | 440/4 | €23,918 | €35,428 | +€11,510 | +48.1% |
| Advances received on contracts in progress | 46 | €29,474 | €4,984 | -€24,490 | -83.1% |
| Taxes, remuneration and social security | 45 | €60,008 | €48,125 | -€11,883 | -19.8% |
| Taxes | 450/3 | €19,810 | €25,825 | +€6,015 | +30.4% |
| Remuneration and social security | 454/9 | €40,198 | €22,300 | -€17,898 | -44.5% |
| Remuneration, social security and pensions | 62 | €42,551 | €35,799 | -€6,753 | -15.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €28,135 | €28,191 | +€57 | +0.2% |
| Other operating charges | 640/8 | €6,725 | €6,638 | -€87 | -1.3% |
| Gross operating margin | 9900 | €122,486 | €106,134 | -€16,352 | -13.3% |
| Operating profit (loss) | 9901 | €45,074 | €35,506 | -€9,568 | -21.2% |
| Financial income | 75/76B | €126 | €361 | +€235 | +186% |
| Recurring financial income | 75 | €126 | €361 | +€235 | +186% |
| Financial charges | 65/66B | €6,100 | €5,451 | -€649 | -10.6% |
| Recurring financial charges | 65 | €6,100 | €5,451 | -€649 | -10.6% |
| Profit (loss) for the period before taxes | 9903 | €39,101 | €30,417 | -€8,683 | -22.2% |
| Income taxes | 67/77 | - | €4,212 | +€4,212 | |
| Profit (loss) for the period | 9904 | €39,101 | €26,205 | -€12,896 | -33.0% |
| Profit (loss) for the period to be appropriated | 9905 | €39,101 | €26,205 | -€12,896 | -33.0% |
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 22 October 2026 via checked.be.