Solv: what changed
Solv
Largest movements
- Intangible fixed assets +€662,569
up €662,569 (+71.1%), from €931,298 to €1.6m
- Cash +€422,649
up €422,649 (+222%), from €190,200 to €612,849
mainly Contributions, distributions and other (+€1.5m) and Depreciation (+€215,960)
- Deferred charges and accrued income +€88,904
up €88,904 (+3,632%), from €2,448 to €91,352
- Receivables within one year +€65,151
up €65,151 (+25.4%), from €256,691 to €321,841
of which Trade receivables: +€67,561
- Contributions +€1.5m
up €1.5m (+99.1%), from €1.5m to €3.0m
- Profit (loss) carried forward -€222,026
down €222,026 (-56.4%), from -€393,987 to -€616,013
- Other debts -€44,606
down €44,606 (-100%), from €44,606 to €0
- Depreciation +€129,496
up €129,496 (+150%), from €86,464 to €215,960
- Gross operating margin +€59,841
up €59,841 (+91.2%), from -€65,598 to -€5,757
- Staff costs -€59,252
down €59,252 (-70.0%), from €84,644 to €25,391
- Other operating charges -€48,312
down €48,312 (-96.1%), from €50,292 to €1,980
- Financial charges -€39,146
down €39,146 (-92.8%), from €42,185 to €3,038
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,380,676 | €2,619,909 | +€1.2m | +89.8% |
| Fixed assets | 21/28 | €931,337 | €1,593,867 | +€662,530 | +71.1% |
| Intangible fixed assets | 21 | €931,298 | €1,593,867 | +€662,569 | +71.1% |
| Tangible fixed assets | 22/27 | €39 | €0 | -€39 | -100% |
| Furniture and vehicles | 24 | €39 | €0 | -€39 | -100% |
| Current assets | 29/58 | €449,339 | €1,026,042 | +€576,704 | +128% |
| Amounts receivable within one year | 40/41 | €256,691 | €321,841 | +€65,151 | +25.4% |
| Trade receivables | 40 | €161,573 | €229,135 | +€67,561 | +41.8% |
| Other amounts receivable | 41 | €95,118 | €92,707 | -€2,411 | -2.5% |
| Cash at bank and in hand | 54/58 | €190,200 | €612,849 | +€422,649 | +222% |
| Deferred charges and accrued income | 490/1 | €2,448 | €91,352 | +€88,904 | +3,632% |
| Total equity and liabilities | 10/49 | €1,380,676 | €2,619,909 | +€1.2m | +89.8% |
| Equity | 10/15 | €1,136,083 | €2,430,402 | +€1.3m | +114% |
| Contributions | 10/11 | €1,530,070 | €3,046,415 | +€1.5m | +99.1% |
| Profit (loss) carried forward | 14 | -€393,987 | -€616,013 | -€222,026 | -56.4% |
| Amounts payable | 17/49 | €244,593 | €189,507 | -€55,086 | -22.5% |
| Amounts payable after more than one year | 17 | €0 | - | = | |
| Financial debts | 170/4 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €230,349 | €184,509 | -€45,840 | -19.9% |
| Financial debts | 43 | €2,350 | €0 | -€2,350 | -100% |
| Credit institutions | 430/8 | €2,350 | €0 | -€2,350 | -100% |
| Trade debts | 44 | €177,999 | €184,509 | +€6,510 | +3.7% |
| Suppliers | 440/4 | €177,999 | €184,509 | +€6,510 | +3.7% |
| Taxes, remuneration and social security | 45 | €5,394 | €0 | -€5,394 | -100% |
| Taxes | 450/3 | €5,394 | €0 | -€5,394 | -100% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €44,606 | €0 | -€44,606 | -100% |
| Accrued charges and deferred income | 492/3 | €14,244 | €4,999 | -€9,246 | -64.9% |
| Non-recurring operating income | 76A | - | €50,000 | +€50,000 | |
| Remuneration, social security and pensions | 62 | €84,644 | €25,391 | -€59,252 | -70.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €86,464 | €215,960 | +€129,496 | +150% |
| Other operating charges | 640/8 | €50,292 | €1,980 | -€48,312 | -96.1% |
| Gross operating margin | 9900 | -€65,598 | -€5,757 | +€59,841 | +91.2% |
| Operating profit (loss) | 9901 | -€286,997 | -€249,088 | +€37,909 | +13.2% |
| Financial income | 75/76B | €62 | €452 | +€391 | +635% |
| Recurring financial income | 75 | €62 | €452 | +€391 | +635% |
| Financial charges | 65/66B | €42,185 | €3,038 | -€39,146 | -92.8% |
| Recurring financial charges | 65 | €42,185 | €3,038 | -€39,146 | -92.8% |
| Profit (loss) for the period before taxes | 9903 | -€329,121 | -€251,675 | +€77,446 | +23.5% |
| Income taxes | 67/77 | -€34,595 | -€29,649 | +€4,946 | +14.3% |
| Profit (loss) for the period | 9904 | -€294,526 | -€222,026 | +€72,500 | +24.6% |
| Profit (loss) for the period to be appropriated | 9905 | -€294,526 | -€222,026 | +€72,500 | +24.6% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 5 November 2026 via checked.be.