SOLUSEB: 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.
SOLUSEB
Largest movements
- Tangible fixed assets -€24,897
down €24,897 (-83.1%), from €29,972 to €5,076
of which Furniture and vehicles: -€24,406
- Deferred charges and accrued income +€5,626
up €5,626 (+388.0%), from €1,450 to €7,076
- Receivables within one year -€2,682
down €2,682 (-3.8%), from €69,713 to €67,032
of which Trade receivables: -€2,901
- Cash +€1,160
up €1,160 (+37.3%), from €3,108 to €4,268
mainly Investment in fixed assets (net) (+€23,298) and Trade debts (+€8,656)
- Profit (loss) carried forward -€18,371
down €18,371 (-54.7%), from €33,578 to €15,207
- Debts after one year -€9,303
no longer reported in 2025 (was €9,303)
- Trade debts +€8,656
up €8,656 (+41.4%), from €20,926 to €29,581
- Tax, wage and social debts -€1,322
down €1,322 (-10.6%), from €12,463 to €11,141
of which Taxes: -€1,322
- Gross operating margin -€20,312
down €20,312, from €13,751 to -€6,561
- Depreciation -€7,102
down €7,102 (-81.6%), from €8,701 to €1,599
- Taxes -€2,791
no longer reported in 2025 (was €2,791)
- Other operating charges -€615
down €615 (-24.3%), from €2,531 to €1,916
- Financial charges -€454
down €454 (-35.3%), from €1,288 to €834
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 | €104,243 | €83,450 | -€20,793 | -19.9% |
| Fixed assets | 21/28 | €29,972 | €5,076 | -€24,897 | -83.1% |
| Tangible fixed assets | 22/27 | €29,972 | €5,076 | -€24,897 | -83.1% |
| Plant, machinery and equipment | 23 | €1,307 | €816 | -€491 | -37.6% |
| Furniture and vehicles | 24 | €28,665 | €4,259 | -€24,406 | -85.1% |
| Current assets | 29/58 | €74,271 | €78,375 | +€4,103 | +5.5% |
| Amounts receivable within one year | 40/41 | €69,713 | €67,032 | -€2,682 | -3.8% |
| Trade receivables | 40 | €68,616 | €65,715 | -€2,901 | -4.2% |
| Other amounts receivable | 41 | €1,098 | €1,317 | +€219 | +20.0% |
| Cash at bank and in hand | 54/58 | €3,108 | €4,268 | +€1,160 | +37.3% |
| Deferred charges and accrued income | 490/1 | €1,450 | €7,076 | +€5,626 | +388.0% |
| Total equity and liabilities | 10/49 | €104,243 | €83,450 | -€20,793 | -19.9% |
| Equity | 10/15 | €41,190 | €22,819 | -€18,371 | -44.6% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €1,412 | €1,412 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,412 | €1,412 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,412 | €1,412 | = | 0.0% |
| Profit (loss) carried forward | 14 | €33,578 | €15,207 | -€18,371 | -54.7% |
| Amounts payable | 17/49 | €63,054 | €60,631 | -€2,422 | -3.8% |
| Amounts payable after more than one year | 17 | €9,303 | - | -€9,303 | |
| Financial debts | 170/4 | €9,303 | - | -€9,303 | |
| Amounts payable within one year | 42/48 | €53,751 | €60,631 | +€6,881 | +12.8% |
| Current portion of amounts payable after more than one year | 42 | €9,698 | €9,303 | -€395 | -4.1% |
| Trade debts | 44 | €20,926 | €29,581 | +€8,656 | +41.4% |
| Suppliers | 440/4 | €20,926 | €29,581 | +€8,656 | +41.4% |
| Advances received on contracts in progress | 46 | €10,558 | €10,558 | = | 0.0% |
| Taxes, remuneration and social security | 45 | €12,463 | €11,141 | -€1,322 | -10.6% |
| Taxes | 450/3 | €9,963 | €8,641 | -€1,322 | -13.3% |
| Remuneration and social security | 454/9 | €2,500 | €2,500 | = | 0.0% |
| Other amounts payable | 47/48 | €105 | €47 | -€58 | -55.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,701 | €1,599 | -€7,102 | -81.6% |
| Other operating charges | 640/8 | €2,531 | €1,916 | -€615 | -24.3% |
| Non-recurring operating charges | 66A | - | €7,461 | +€7,461 | |
| Gross operating margin | 9900 | €13,751 | -€6,561 | -€20,312 | |
| Operating profit (loss) | 9901 | €2,518 | -€17,537 | -€20,055 | |
| Financial charges | 65/66B | €1,288 | €834 | -€454 | -35.3% |
| Recurring financial charges | 65 | €1,288 | €834 | -€454 | -35.3% |
| Profit (loss) for the period before taxes | 9903 | €1,230 | -€18,371 | -€19,601 | |
| Income taxes | 67/77 | €2,791 | - | -€2,791 | |
| Profit (loss) for the period | 9904 | -€1,561 | -€18,371 | -€16,810 | -1076.9% |
| Profit (loss) for the period to be appropriated | 9905 | -€1,561 | -€18,371 | -€16,810 | -1076.9% |
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 28 September 2026 via checked.be.