SOLUTEL: 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.
SOLUTEL
Largest movements
- Cash +€101,801
up €101,801 (+41.4%), from €245,721 to €347,522
mainly Net result for the year (+€230,592) and Other debts (+€229,164)
- Tangible fixed assets -€28,258
down €28,258 (-4.4%), from €636,908 to €608,650
of which Land and buildings: -€29,972
- Other debts +€229,164
up €229,164 (+297%), from €77,155 to €306,319
- Reserves -€224,785
down €224,785 (-21.2%), from €1.1m to €836,626
of which Distributable reserves: -€224,785
- Tax, wage and social debts +€89,518
up €89,518 (+69.6%), from €128,630 to €218,147
of which Remuneration and social security: +€60,510
- Profit (loss) carried forward +€57,648
up €57,648 (+10.9%), from €530,100 to €587,748
- Debts after one year -€32,892
down €32,892 (-7.8%), from €419,385 to €386,493
- Staff costs +€170,939
up €170,939 (+26.4%), from €648,271 to €819,210
- Taxes -€39,422
down €39,422 (-36.3%), from €108,531 to €69,108
- Gross operating margin -€31,611
down €31,611 (-2.7%), from €1.2m to €1.2m
- Financial income -€20,169
down €20,169 (-33.9%), from €59,462 to €39,292
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 | €2,371,132 | €2,469,603 | +€98,471 | +4.2% |
| Fixed assets | 21/28 | €636,908 | €613,434 | -€23,474 | -3.7% |
| Intangible fixed assets | 21 | €0 | €4,784 | +€4,784 | |
| Tangible fixed assets | 22/27 | €636,908 | €608,650 | -€28,258 | -4.4% |
| Land and buildings | 22 | €602,025 | €572,053 | -€29,972 | -5.0% |
| Plant, machinery and equipment | 23 | €6,143 | €2,456 | -€3,687 | -60.0% |
| Furniture and vehicles | 24 | €28,741 | €34,142 | +€5,401 | +18.8% |
| Current assets | 29/58 | €1,734,224 | €1,856,169 | +€121,945 | +7.0% |
| Amounts receivable within one year | 40/41 | €276,064 | €291,645 | +€15,581 | +5.6% |
| Trade receivables | 40 | €219,195 | €228,862 | +€9,667 | +4.4% |
| Other amounts receivable | 41 | €56,869 | €62,783 | +€5,914 | +10.4% |
| Current investments | 50/53 | €1,205,255 | €1,212,164 | +€6,909 | +0.6% |
| Cash at bank and in hand | 54/58 | €245,721 | €347,522 | +€101,801 | +41.4% |
| Deferred charges and accrued income | 490/1 | €7,184 | €4,838 | -€2,346 | -32.7% |
| Total equity and liabilities | 10/49 | €2,371,132 | €2,469,603 | +€98,471 | +4.2% |
| Equity | 10/15 | €1,611,510 | €1,444,374 | -€167,137 | -10.4% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €1,061,410 | €836,626 | -€224,785 | -21.2% |
| Tax-exempt reserves | 132 | €147,350 | €147,350 | = | 0.0% |
| Distributable reserves | 133 | €914,060 | €689,276 | -€224,785 | -24.6% |
| Profit (loss) carried forward | 14 | €530,100 | €587,748 | +€57,648 | +10.9% |
| Amounts payable | 17/49 | €759,621 | €1,025,229 | +€265,607 | +35.0% |
| Amounts payable after more than one year | 17 | €419,385 | €386,493 | -€32,892 | -7.8% |
| Financial debts | 170/4 | €419,385 | €386,493 | -€32,892 | -7.8% |
| Amounts payable within one year | 42/48 | €339,236 | €636,157 | +€296,920 | +87.5% |
| Current portion of amounts payable after more than one year | 42 | €32,455 | €34,143 | +€1,688 | +5.2% |
| Financial debts | 43 | €25,584 | €1,277 | -€24,307 | -95.0% |
| Credit institutions | 430/8 | €25,584 | €1,277 | -€24,307 | -95.0% |
| Trade debts | 44 | €75,413 | €76,271 | +€858 | +1.1% |
| Suppliers | 440/4 | €75,413 | €76,271 | +€858 | +1.1% |
| Taxes, remuneration and social security | 45 | €128,630 | €218,147 | +€89,518 | +69.6% |
| Taxes | 450/3 | €46,642 | €75,649 | +€29,007 | +62.2% |
| Remuneration and social security | 454/9 | €81,988 | €142,498 | +€60,510 | +73.8% |
| Other amounts payable | 47/48 | €77,155 | €306,319 | +€229,164 | +297% |
| Accrued charges and deferred income | 492/3 | €1,000 | €2,579 | +€1,579 | +158% |
| Non-recurring operating income | 76A | €2,117 | €2,078 | -€39 | -1.8% |
| Remuneration, social security and pensions | 62 | €648,271 | €819,210 | +€170,939 | +26.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €44,170 | €43,908 | -€262 | -0.6% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €3,804 | +€3,804 | |
| Other operating charges | 640/8 | €4,601 | €4,141 | -€460 | -10.0% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €1,186,223 | €1,154,611 | -€31,611 | -2.7% |
| Operating profit (loss) | 9901 | €489,181 | €283,548 | -€205,634 | -42.0% |
| Financial income | 75/76B | €59,462 | €39,292 | -€20,169 | -33.9% |
| Recurring financial income | 75 | €59,462 | €39,292 | -€20,169 | -33.9% |
| Financial charges | 65/66B | €30,125 | €23,139 | -€6,986 | -23.2% |
| Recurring financial charges | 65 | €30,125 | €23,139 | -€6,986 | -23.2% |
| Profit (loss) for the period before taxes | 9903 | €518,518 | €299,701 | -€218,817 | -42.2% |
| Income taxes | 67/77 | €108,531 | €69,108 | -€39,422 | -36.3% |
| Profit (loss) for the period | 9904 | €409,987 | €230,592 | -€179,395 | -43.8% |
| Transfer to tax-exempt reserves | 689 | €147,350 | €0 | -€147,350 | -100% |
| Profit (loss) for the period to be appropriated | 9905 | €262,637 | €230,592 | -€32,045 | -12.2% |
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 14 October 2026 via checked.be.