SOLUTION MANUTENTION: 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.
SOLUTION MANUTENTION
Largest movements
- Current investments +€108,781
new in 2025: €108,781
- Tangible fixed assets -€90,304
down €90,304 (-23.6%), from €382,892 to €292,587
of which Leasing and similar rights: -€70,812
- Cash -€40,729
down €40,729 (-15.1%), from €269,639 to €228,911
mainly Current investments (-€108,781) and Debts after one year (-€61,045)
- Deferred charges and accrued income -€10,165
down €10,165 (-68.7%), from €14,787 to €4,623
- Debts after one year -€61,045
down €61,045 (-26.2%), from €232,678 to €171,633
- Reserves +€22,117
up €22,117 (+21.8%), from €101,380 to €123,498
of which Distributable reserves: +€22,117
- Gross operating margin -€53,648
down €53,648 (-24.0%), from €223,306 to €169,658
- Depreciation -€29,413
down €29,413 (-23.8%), from €123,509 to €94,096
- Taxes -€6,498
down €6,498 (-42.4%), from €15,338 to €8,839
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 | €726,276 | €688,548 | -€37,727 | -5.2% |
| Fixed assets | 21/28 | €385,027 | €294,722 | -€90,304 | -23.5% |
| Tangible fixed assets | 22/27 | €382,892 | €292,587 | -€90,304 | -23.6% |
| Plant, machinery and equipment | 23 | €6,134 | €6,947 | +€813 | +13.3% |
| Furniture and vehicles | 24 | €37,051 | €16,745 | -€20,306 | -54.8% |
| Leasing and similar rights | 25 | €339,706 | €268,895 | -€70,812 | -20.8% |
| Financial fixed assets | 28 | €2,135 | €2,135 | = | 0.0% |
| Current assets | 29/58 | €341,249 | €393,826 | +€52,577 | +15.4% |
| Amounts receivable within one year | 40/41 | €56,823 | €51,512 | -€5,311 | -9.3% |
| Trade receivables | 40 | €50,300 | €38,260 | -€12,040 | -23.9% |
| Other amounts receivable | 41 | €6,523 | €13,251 | +€6,729 | +103.2% |
| Current investments | 50/53 | - | €108,781 | +€108,781 | |
| Cash at bank and in hand | 54/58 | €269,639 | €228,911 | -€40,729 | -15.1% |
| Deferred charges and accrued income | 490/1 | €14,787 | €4,623 | -€10,165 | -68.7% |
| Total equity and liabilities | 10/49 | €726,276 | €688,548 | -€37,727 | -5.2% |
| Equity | 10/15 | €418,308 | €440,426 | +€22,117 | +5.3% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €101,380 | €123,498 | +€22,117 | +21.8% |
| Non-distributable reserves | 130/1 | €2,000 | €2,000 | = | 0.0% |
| Other | 1319 | €2,000 | €2,000 | = | 0.0% |
| Distributable reserves | 133 | €99,380 | €121,498 | +€22,117 | +22.3% |
| Profit (loss) carried forward | 14 | €296,928 | €296,928 | = | 0.0% |
| Amounts payable | 17/49 | €307,968 | €248,123 | -€59,845 | -19.4% |
| Amounts payable after more than one year | 17 | €232,678 | €171,633 | -€61,045 | -26.2% |
| Financial debts | 170/4 | €232,678 | €171,633 | -€61,045 | -26.2% |
| Amounts payable within one year | 42/48 | €75,290 | €76,490 | +€1,200 | +1.6% |
| Current portion of amounts payable after more than one year | 42 | €60,329 | €61,045 | +€716 | +1.2% |
| Trade debts | 44 | €5,924 | €1,558 | -€4,366 | -73.7% |
| Suppliers | 440/4 | €5,924 | €1,558 | -€4,366 | -73.7% |
| Taxes, remuneration and social security | 45 | €2,464 | €9,297 | +€6,833 | +277.4% |
| Taxes | 450/3 | €2,464 | €4,546 | +€2,083 | +84.5% |
| Remuneration and social security | 454/9 | - | €4,751 | +€4,751 | |
| Other amounts payable | 47/48 | €6,574 | €4,590 | -€1,983 | -30.2% |
| Remuneration, social security and pensions | 62 | €32,916 | €33,500 | +€584 | +1.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €123,509 | €94,096 | -€29,413 | -23.8% |
| Other operating charges | 640/8 | €7,546 | €7,185 | -€361 | -4.8% |
| Non-recurring operating charges | 66A | €136 | €225 | +€89 | +65.3% |
| Gross operating margin | 9900 | €223,306 | €169,658 | -€53,648 | -24.0% |
| Operating profit (loss) | 9901 | €59,199 | €34,652 | -€24,547 | -41.5% |
| Financial income | 75/76B | - | €20 | +€20 | |
| Recurring financial income | 75 | - | €20 | +€20 | |
| Financial charges | 65/66B | €4,186 | €3,715 | -€470 | -11.2% |
| Recurring financial charges | 65 | €4,186 | €3,715 | -€470 | -11.2% |
| Profit (loss) for the period before taxes | 9903 | €55,013 | €30,957 | -€24,057 | -43.7% |
| Income taxes | 67/77 | €15,338 | €8,839 | -€6,498 | -42.4% |
| Profit (loss) for the period | 9904 | €39,676 | €22,117 | -€17,558 | -44.3% |
| Profit (loss) for the period to be appropriated | 9905 | €39,676 | €22,117 | -€17,558 | -44.3% |
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.