solunax: 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.
solunax
Largest movements
- Financial fixed assets +€54,000
new in 2025: €54,000
- Cash -€28,066
down €28,066 (-89.4%), from €31,379 to €3,312
mainly Investment in fixed assets (net) (-€59,889) and Contributions, distributions and other (-€20,016)
- Receivables within one year +€7,506
up €7,506 (+51.9%), from €14,467 to €21,973
of which Trade receivables: +€10,543
- Tangible fixed assets +€3,369
up €3,369 (+37.6%), from €8,969 to €12,337
of which Other tangible fixed assets: +€4,515
- Deferred charges and accrued income -€1,080
down €1,080 (-40.7%), from €2,654 to €1,575
- Debts after one year +€32,651
new in 2025: €32,651
- Reserves -€7,654
down €7,654 (-17.8%), from €43,102 to €35,448
- Current portion of long-term debt +€5,541
new in 2025: €5,541
- Trade debts +€4,769
up €4,769 (+128%), from €3,715 to €8,484
- Other debts +€3,277
up €3,277 (+357%), from €917 to €4,194
- Gross operating margin +€11,968
up €11,968 (+91.7%), from €13,051 to €25,019
- Taxes +€2,993
up €2,993 (+86.9%), from €3,443 to €6,436
- Financial charges +€978
up €978 (+65.0%), from €1,503 to €2,481
- Other operating charges +€604
up €604 (+89.7%), from €673 to €1,277
- Depreciation +€291
up €291 (+13.1%), from €2,229 to €2,520
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 | €57,469 | €93,197 | +€35,728 | +62.2% |
| Fixed assets | 21/28 | €8,969 | €66,337 | +€57,369 | +640% |
| Tangible fixed assets | 22/27 | €8,969 | €12,337 | +€3,369 | +37.6% |
| Furniture and vehicles | 24 | €2,193 | €1,047 | -€1,146 | -52.3% |
| Other tangible fixed assets | 26 | €6,775 | €11,290 | +€4,515 | +66.6% |
| Financial fixed assets | 28 | - | €54,000 | +€54,000 | |
| Current assets | 29/58 | €48,500 | €26,859 | -€21,640 | -44.6% |
| Amounts receivable within one year | 40/41 | €14,467 | €21,973 | +€7,506 | +51.9% |
| Trade receivables | 40 | €8,265 | €18,808 | +€10,543 | +128% |
| Other amounts receivable | 41 | €6,201 | €3,164 | -€3,037 | -49.0% |
| Cash at bank and in hand | 54/58 | €31,379 | €3,312 | -€28,066 | -89.4% |
| Deferred charges and accrued income | 490/1 | €2,654 | €1,575 | -€1,080 | -40.7% |
| Total equity and liabilities | 10/49 | €57,469 | €93,197 | +€35,728 | +62.2% |
| Equity | 10/15 | €43,222 | €35,568 | -€7,654 | -17.7% |
| Contributions | 10/11 | €120 | €120 | = | 0.0% |
| Reserves | 13 | €43,102 | €35,448 | -€7,654 | -17.8% |
| Distributable reserves | 133 | €43,102 | €35,448 | -€7,654 | -17.8% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €14,247 | €57,629 | +€43,382 | +304% |
| Amounts payable after more than one year | 17 | - | €32,651 | +€32,651 | |
| Financial debts | 170/4 | - | €32,651 | +€32,651 | |
| Amounts payable within one year | 42/48 | €12,811 | €23,477 | +€10,666 | +83.3% |
| Current portion of amounts payable after more than one year | 42 | - | €5,541 | +€5,541 | |
| Financial debts | 43 | €311 | €113 | -€199 | -63.8% |
| Credit institutions | 430/8 | €311 | €113 | -€199 | -63.8% |
| Trade debts | 44 | €3,715 | €8,484 | +€4,769 | +128% |
| Suppliers | 440/4 | €3,715 | €8,484 | +€4,769 | +128% |
| Taxes, remuneration and social security | 45 | €7,868 | €5,145 | -€2,723 | -34.6% |
| Taxes | 450/3 | €7,868 | €5,145 | -€2,723 | -34.6% |
| Other amounts payable | 47/48 | €917 | €4,194 | +€3,277 | +357% |
| Accrued charges and deferred income | 492/3 | €1,436 | €1,501 | +€65 | +4.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,229 | €2,520 | +€291 | +13.1% |
| Other operating charges | 640/8 | €673 | €1,277 | +€604 | +89.7% |
| Gross operating margin | 9900 | €13,051 | €25,019 | +€11,968 | +91.7% |
| Operating profit (loss) | 9901 | €10,149 | €21,222 | +€11,073 | +109% |
| Financial income | 75/76B | €242 | €57 | -€185 | -76.4% |
| Recurring financial income | 75 | €242 | €57 | -€185 | -76.4% |
| Financial charges | 65/66B | €1,503 | €2,481 | +€978 | +65.0% |
| Recurring financial charges | 65 | €1,503 | €2,481 | +€978 | +65.0% |
| Profit (loss) for the period before taxes | 9903 | €8,887 | €18,798 | +€9,910 | +112% |
| Income taxes | 67/77 | €3,443 | €6,436 | +€2,993 | +86.9% |
| Profit (loss) for the period | 9904 | €5,445 | €12,362 | +€6,918 | +127% |
| Profit (loss) for the period to be appropriated | 9905 | €5,445 | €12,362 | +€6,918 | +127% |
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 16 October 2026 via checked.be.