SOLUT: 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.
SOLUT
Largest movements
- Receivables within one year -€53,172
down €53,172 (-69.5%), from €76,500 to €23,328
of which Trade receivables: -€33,388
- Cash +€38,282
up €38,282 (+31.1%), from €123,284 to €161,567
mainly Receivables within one year (+€53,172) and Net result for the year (+€39,176)
- Tangible fixed assets -€11,577
down €11,577 (-28.3%), from €40,946 to €29,369
of which Furniture and vehicles: -€7,664
- Deferred charges and accrued income -€2,560
down €2,560 (-66.8%), from €3,835 to €1,275
- Reserves +€39,176
up €39,176 (+46.3%), from €84,598 to €123,774
- Other debts -€38,791
down €38,791 (-52.1%), from €74,413 to €35,622
- Trade debts -€22,351
down €22,351 (-58.9%), from €37,951 to €15,600
- Tax, wage and social debts -€7,061
down €7,061 (-24.3%), from €29,004 to €21,943
- Gross operating margin -€19,212
down €19,212 (-20.3%), from €94,554 to €75,342
- Taxes +€8,987
up €8,987 (+81.1%), from €11,087 to €20,075
- Financial income +€1,275
up €1,275 (+83.4%), from €1,529 to €2,804
- Staff costs -€1,262
down €1,262 (-83.5%), from €1,512 to €250
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 | €244,565 | €215,539 | -€29,027 | -11.9% |
| Fixed assets | 21/28 | €40,946 | €29,369 | -€11,577 | -28.3% |
| Tangible fixed assets | 22/27 | €40,946 | €29,369 | -€11,577 | -28.3% |
| Land and buildings | 22 | €795 | €530 | -€265 | -33.3% |
| Plant, machinery and equipment | 23 | €1,962 | €1,467 | -€495 | -25.2% |
| Furniture and vehicles | 24 | €17,303 | €9,639 | -€7,664 | -44.3% |
| Other tangible fixed assets | 26 | €20,885 | €17,732 | -€3,153 | -15.1% |
| Current assets | 29/58 | €203,619 | €186,170 | -€17,450 | -8.6% |
| Amounts receivable within one year | 40/41 | €76,500 | €23,328 | -€53,172 | -69.5% |
| Trade receivables | 40 | €56,716 | €23,328 | -€33,388 | -58.9% |
| Other amounts receivable | 41 | €19,784 | - | -€19,784 | |
| Cash at bank and in hand | 54/58 | €123,284 | €161,567 | +€38,282 | +31.1% |
| Deferred charges and accrued income | 490/1 | €3,835 | €1,275 | -€2,560 | -66.8% |
| Total equity and liabilities | 10/49 | €244,565 | €215,539 | -€29,027 | -11.9% |
| Equity | 10/15 | €103,198 | €142,374 | +€39,176 | +38.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €84,598 | €123,774 | +€39,176 | +46.3% |
| Distributable reserves | 133 | €84,598 | €123,774 | +€39,176 | +46.3% |
| Amounts payable | 17/49 | €141,367 | €73,165 | -€68,203 | -48.2% |
| Amounts payable within one year | 42/48 | €141,367 | €73,165 | -€68,203 | -48.2% |
| Trade debts | 44 | €37,951 | €15,600 | -€22,351 | -58.9% |
| Suppliers | 440/4 | €37,951 | €15,600 | -€22,351 | -58.9% |
| Taxes, remuneration and social security | 45 | €29,004 | €21,943 | -€7,061 | -24.3% |
| Taxes | 450/3 | €29,004 | €21,943 | -€7,061 | -24.3% |
| Other amounts payable | 47/48 | €74,413 | €35,622 | -€38,791 | -52.1% |
| Non-recurring operating income | 76A | €3,852 | - | -€3,852 | |
| Remuneration, social security and pensions | 62 | €1,512 | €250 | -€1,262 | -83.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,862 | €12,977 | +€115 | +0.9% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €750 | - | -€750 | |
| Other operating charges | 640/8 | €1,960 | €1,444 | -€516 | -26.3% |
| Gross operating margin | 9900 | €94,554 | €75,342 | -€19,212 | -20.3% |
| Operating profit (loss) | 9901 | €77,471 | €60,671 | -€16,800 | -21.7% |
| Financial income | 75/76B | €1,529 | €2,804 | +€1,275 | +83.4% |
| Recurring financial income | 75 | €1,529 | €2,804 | +€1,275 | +83.4% |
| Financial charges | 65/66B | €3,891 | €4,225 | +€334 | +8.6% |
| Recurring financial charges | 65 | €3,891 | €4,225 | +€334 | +8.6% |
| Profit (loss) for the period before taxes | 9903 | €75,109 | €59,251 | -€15,858 | -21.1% |
| Income taxes | 67/77 | €11,087 | €20,075 | +€8,987 | +81.1% |
| Profit (loss) for the period | 9904 | €64,022 | €39,176 | -€24,846 | -38.8% |
| Profit (loss) for the period to be appropriated | 9905 | €64,022 | €39,176 | -€24,846 | -38.8% |
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 10 October 2026 via checked.be.