SOLUSIO: 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.
What changed
SOLUSIO
NACE 43.421, Specialised construction activities
financial year 2024 against 2025filed annual accounts (NBB)
Net result for the year
-€52,544
2024 · €80,267-€132,811
Equity
€803,498
2024 · €856,041-€52,544
Cash
€154,882
2024 · €69,992+€84,890
Balance sheet total
€6.0m
2024 · €5.9m+€87,295
Largest movements
Assets
- Tangible fixed assets -€146,120
down €146,120 (-3.3%), from €4.4m to €4.2m
of which Land and buildings: -€106,440
- Cash +€84,890
up €84,890 (+121.3%), from €69,992 to €154,882
mainly Other debts (+€294,621) and Depreciation (+€288,213)
Equity and liabilities
- Debts after one year -€325,294
down €325,294 (-10.4%), from €3.1m to €2.8m
- Other debts +€294,621
up €294,621 (+99.4%), from €296,338 to €590,959
- Current portion of long-term debt +€131,142
up €131,142 (+33.5%), from €391,251 to €522,394
- Tax, wage and social debts +€64,066
up €64,066 (+27.3%), from €234,416 to €298,482
of which Taxes: +€85,222
Income statement
- Gross operating margin -€175,101
down €175,101 (-10.1%), from €1.7m to €1.6m
- Staff costs -€41,127
down €41,127 (-3.4%), from €1.2m to €1.2m
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
€80,267
Gross operating margin
-€175,101
Staff costs
+€41,127
Depreciation
-€7,371
Other operating charges
-€1,158
Other operating items
+€2,331
Financial income
-€422
Financial charges
+€8,472
Taxes
-€688
Result 2025
-€52,544
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
+€427,013
Investment
-€147,971
Financing
-€194,152
Cash 2024
€69,992
From operations (derived)
+€427,013
Net result for the year
-€52,544
Depreciation
+€288,213
Stocks and contracts
-€26,012
Receivables within one year
-€58,232
Deferred charges and accrued income
-€58,402
Provisions
-€3,409
Trade debts
-€21,287
Tax, wage and social debts
+€64,066
Other debts
+€294,621
Investment (derived)
-€147,971
Investment in fixed assets (net)
-€147,971
Financing
-€194,152
Debts after one year
-€325,294
Current portion of long-term debt
+€131,142
Cash 2025
€154,882
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €5,890,127 | €5,977,422 | +€87,295 | +1.5% |
| Fixed assets | 21/28 | €5,033,667 | €4,893,425 | -€140,242 | -2.8% |
| Intangible fixed assets | 21 | €0 | €5,878 | +€5,878 | |
| Tangible fixed assets | 22/27 | €4,375,459 | €4,229,340 | -€146,120 | -3.3% |
| Land and buildings | 22 | €3,950,220 | €3,843,781 | -€106,440 | -2.7% |
| Plant, machinery and equipment | 23 | €277,804 | €250,690 | -€27,114 | -9.8% |
| Furniture and vehicles | 24 | €85,695 | €65,605 | -€20,090 | -23.4% |
| Leasing and similar rights | 25 | €61,739 | €69,264 | +€7,525 | +12.2% |
| Financial fixed assets | 28 | €658,208 | €658,208 | = | 0.0% |
| Current assets | 29/58 | €856,459 | €1,083,996 | +€227,537 | +26.6% |
| Stocks and contracts in progress | 3 | €138,225 | €164,237 | +€26,012 | +18.8% |
| Stocks | 30/36 | €55,625 | €91,317 | +€35,692 | +64.2% |
| Contracts in progress | 37 | €82,600 | €72,920 | -€9,680 | -11.7% |
| Amounts receivable within one year | 40/41 | €647,541 | €705,774 | +€58,232 | +9.0% |
| Trade receivables | 40 | €563,867 | €669,786 | +€105,920 | +18.8% |
| Other amounts receivable | 41 | €83,674 | €35,987 | -€47,687 | -57.0% |
| Cash at bank and in hand | 54/58 | €69,992 | €154,882 | +€84,890 | +121.3% |
| Deferred charges and accrued income | 490/1 | €701 | €59,103 | +€58,402 | +8332.2% |
| Total equity and liabilities | 10/49 | €5,890,127 | €5,977,422 | +€87,295 | +1.5% |
| Equity | 10/15 | €856,041 | €803,498 | -€52,544 | -6.1% |
| Contributions | 10/11 | €368,600 | €368,600 | = | 0.0% |
| Reserves | 13 | €487,441 | €434,898 | -€52,544 | -10.8% |
| Tax-exempt reserves | 132 | €172,801 | €162,573 | -€10,227 | -5.9% |
| Distributable reserves | 133 | €314,641 | €272,324 | -€42,316 | -13.4% |
| Provisions and deferred taxes | 16 | €57,600 | €54,191 | -€3,409 | -5.9% |
| Deferred taxes | 168 | €57,600 | €54,191 | -€3,409 | -5.9% |
| Amounts payable | 17/49 | €4,976,485 | €5,119,733 | +€143,248 | +2.9% |
| Amounts payable after more than one year | 17 | €3,127,210 | €2,801,916 | -€325,294 | -10.4% |
| Financial debts | 170/4 | €3,127,210 | €2,801,916 | -€325,294 | -10.4% |
| Amounts payable within one year | 42/48 | €1,849,274 | €2,317,817 | +€468,542 | +25.3% |
| Current portion of amounts payable after more than one year | 42 | €391,251 | €522,394 | +€131,142 | +33.5% |
| Financial debts | 43 | €400,000 | €400,000 | = | 0.0% |
| Credit institutions | 430/8 | €400,000 | €400,000 | = | 0.0% |
| Trade debts | 44 | €527,269 | €505,982 | -€21,287 | -4.0% |
| Suppliers | 440/4 | €527,269 | €505,982 | -€21,287 | -4.0% |
| Taxes, remuneration and social security | 45 | €234,416 | €298,482 | +€64,066 | +27.3% |
| Taxes | 450/3 | €19,964 | €105,185 | +€85,222 | +426.9% |
| Remuneration and social security | 454/9 | €214,453 | €193,297 | -€21,155 | -9.9% |
| Other amounts payable | 47/48 | €296,338 | €590,959 | +€294,621 | +99.4% |
| Remuneration, social security and pensions | 62 | €1,217,781 | €1,176,654 | -€41,127 | -3.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €280,842 | €288,213 | +€7,371 | +2.6% |
| Other operating charges | 640/8 | €29,016 | €30,174 | +€1,158 | +4.0% |
| Non-recurring operating charges | 66A | €2,331 | €0 | -€2,331 | -100.0% |
| Gross operating margin | 9900 | €1,727,723 | €1,552,621 | -€175,101 | -10.1% |
| Operating profit (loss) | 9901 | €197,753 | €57,581 | -€140,172 | -70.9% |
| Financial income | 75/76B | €531 | €108 | -€422 | -79.6% |
| Recurring financial income | 75 | €531 | €108 | -€422 | -79.6% |
| Financial charges | 65/66B | €119,040 | €110,568 | -€8,472 | -7.1% |
| Recurring financial charges | 65 | €119,040 | €110,568 | -€8,472 | -7.1% |
| Profit (loss) for the period before taxes | 9903 | €79,244 | -€52,879 | -€132,123 | |
| Transfer from deferred taxes | 780 | €3,409 | €3,409 | = | 0.0% |
| Income taxes | 67/77 | €2,386 | €3,074 | +€688 | +28.8% |
| Profit (loss) for the period | 9904 | €80,267 | -€52,544 | -€132,811 | |
| Transfer from tax-exempt reserves | 789 | €10,227 | €10,227 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €90,495 | -€42,316 | -€132,811 |
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 9 October 2026 via checked.be.