Solution Modulable Intégrée: 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.
Solution Modulable Intégrée
Largest movements
- Receivables within one year +€447,661
up €447,661 (+49.0%), from €913,870 to €1.4m
of which Other amounts receivable: +€246,880
- Cash +€66,532
up €66,532 (+17.7%), from €375,190 to €441,722
mainly Net result for the year (+€529,458) and Other debts (+€197,306)
- Reserves +€334,458
up €334,458 (+45.0%), from €744,000 to €1.1m
- Other debts +€197,306
up €197,306 (+130.7%), from €150,947 to €348,253
- Tax, wage and social debts +€112,956
up €112,956 (+81.0%), from €139,415 to €252,371
- Current portion of long-term debt -€105,746
down €105,746 (-74.1%), from €142,778 to €37,032
- Gross operating margin +€366,912
up €366,912 (+73.6%), from €498,260 to €865,172
- Other operating charges -€123,804
down €123,804 (-99.7%), from €124,231 to €427
- Taxes +€114,930
up €114,930 (+87.5%), from €131,337 to €246,267
- Write-downs +€100,472
no longer reported in 2025 (was -€100,472)
- Financial charges +€30,422
up €30,422 (+62.6%), from €48,565 to €78,987
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 | €1,324,935 | €1,847,886 | +€522,951 | +39.5% |
| Fixed assets | 21/28 | €32,541 | €38,939 | +€6,399 | +19.7% |
| Tangible fixed assets | 22/27 | €32,291 | €38,689 | +€6,399 | +19.8% |
| Plant, machinery and equipment | 23 | €6,586 | €23,888 | +€17,301 | +262.7% |
| Furniture and vehicles | 24 | €25,704 | €14,802 | -€10,903 | -42.4% |
| Financial fixed assets | 28 | €250 | €250 | = | 0.0% |
| Current assets | 29/58 | €1,292,395 | €1,808,947 | +€516,553 | +40.0% |
| Amounts receivable within one year | 40/41 | €913,870 | €1,361,531 | +€447,661 | +49.0% |
| Trade receivables | 40 | €908,814 | €1,109,595 | +€200,781 | +22.1% |
| Other amounts receivable | 41 | €5,056 | €251,936 | +€246,880 | +4882.8% |
| Cash at bank and in hand | 54/58 | €375,190 | €441,722 | +€66,532 | +17.7% |
| Deferred charges and accrued income | 490/1 | €3,335 | €5,694 | +€2,359 | +70.7% |
| Total equity and liabilities | 10/49 | €1,324,935 | €1,847,886 | +€522,951 | +39.5% |
| Equity | 10/15 | €797,651 | €1,132,108 | +€334,458 | +41.9% |
| Contributions | 10/11 | €11,450 | €11,450 | = | 0.0% |
| Reserves | 13 | €744,000 | €1,078,458 | +€334,458 | +45.0% |
| Distributable reserves | 133 | €744,000 | €1,078,458 | +€334,458 | +45.0% |
| Profit (loss) carried forward | 14 | €42,201 | €42,201 | = | 0.0% |
| Amounts payable | 17/49 | €527,284 | €715,778 | +€188,494 | +35.7% |
| Amounts payable after more than one year | 17 | €17,730 | €5,969 | -€11,762 | -66.3% |
| Financial debts | 170/4 | €17,730 | €5,969 | -€11,762 | -66.3% |
| Amounts payable within one year | 42/48 | €506,034 | €703,582 | +€197,548 | +39.0% |
| Current portion of amounts payable after more than one year | 42 | €142,778 | €37,032 | -€105,746 | -74.1% |
| Financial debts | 43 | €25,118 | €23,655 | -€1,463 | -5.8% |
| Credit institutions | 430/8 | €25,118 | €23,655 | -€1,463 | -5.8% |
| Trade debts | 44 | €47,775 | €42,270 | -€5,505 | -11.5% |
| Suppliers | 440/4 | €47,775 | €42,270 | -€5,505 | -11.5% |
| Taxes, remuneration and social security | 45 | €139,415 | €252,371 | +€112,956 | +81.0% |
| Taxes | 450/3 | €139,415 | €252,371 | +€112,956 | +81.0% |
| Other amounts payable | 47/48 | €150,947 | €348,253 | +€197,306 | +130.7% |
| Accrued charges and deferred income | 492/3 | €3,520 | €6,228 | +€2,708 | +76.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €30,641 | €15,753 | -€14,889 | -48.6% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€100,472 | - | +€100,472 | |
| Other operating charges | 640/8 | €124,231 | €427 | -€123,804 | -99.7% |
| Gross operating margin | 9900 | €498,260 | €865,172 | +€366,912 | +73.6% |
| Operating profit (loss) | 9901 | €443,859 | €848,993 | +€405,133 | +91.3% |
| Financial income | 75/76B | €5,233 | €5,719 | +€486 | +9.3% |
| Recurring financial income | 75 | €5,233 | €5,719 | +€486 | +9.3% |
| Financial charges | 65/66B | €48,565 | €78,987 | +€30,422 | +62.6% |
| Recurring financial charges | 65 | €48,565 | €78,987 | +€30,422 | +62.6% |
| Profit (loss) for the period before taxes | 9903 | €400,527 | €775,725 | +€375,198 | +93.7% |
| Income taxes | 67/77 | €131,337 | €246,267 | +€114,930 | +87.5% |
| Profit (loss) for the period | 9904 | €269,190 | €529,458 | +€260,267 | +96.7% |
| Profit (loss) for the period to be appropriated | 9905 | €269,190 | €529,458 | +€260,267 | +96.7% |
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 3 October 2026 via checked.be.