SOLVACE: 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.
SOLVACE
Largest movements
- Intangible fixed assets +€673,527
up €673,527 (+30.7%), from €2.2m to €2.9m
- Receivables within one year -€352,773
down €352,773 (-19.5%), from €1.8m to €1.5m
of which Trade receivables: -€492,091
- Deferred charges and accrued income +€164,227
up €164,227 (+6,418%), from €2,559 to €166,786
- Trade debts +€340,476
up €340,476 (+143%), from €238,040 to €578,516
- Profit (loss) carried forward +€299,311
up €299,311 (+13.6%), from €2.2m to €2.5m
- Accrued charges and deferred income -€117,691
down €117,691 (-29.7%), from €396,661 to €278,971
- Tax, wage and social debts -€49,573
down €49,573 (-72.5%), from €68,342 to €18,769
- Gross operating margin -€170,188
down €170,188 (-12.8%), from €1.3m to €1.2m
- Depreciation +€144,591
up €144,591 (+21.4%), from €674,201 to €818,792
- Taxes -€64,623
down €64,623 (-44.5%), from €145,332 to €80,708
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €4,285,060 | €4,757,583 | +€472,523 | +11.0% |
| Fixed assets | 21/28 | €2,192,810 | €2,866,336 | +€673,527 | +30.7% |
| Intangible fixed assets | 21 | €2,192,810 | €2,866,336 | +€673,527 | +30.7% |
| Tangible fixed assets | 22/27 | €0 | - | = | |
| Furniture and vehicles | 24 | €0 | - | = | |
| Current assets | 29/58 | €2,092,250 | €1,891,247 | -€201,004 | -9.6% |
| Amounts receivable within one year | 40/41 | €1,808,327 | €1,455,555 | -€352,773 | -19.5% |
| Trade receivables | 40 | €743,059 | €250,969 | -€492,091 | -66.2% |
| Other amounts receivable | 41 | €1,065,268 | €1,204,586 | +€139,318 | +13.1% |
| Cash at bank and in hand | 54/58 | €281,364 | €268,907 | -€12,458 | -4.4% |
| Deferred charges and accrued income | 490/1 | €2,559 | €166,786 | +€164,227 | +6,418% |
| Total equity and liabilities | 10/49 | €4,285,060 | €4,757,583 | +€472,523 | +11.0% |
| Equity | 10/15 | €3,582,017 | €3,881,328 | +€299,311 | +8.4% |
| Contributions | 10/11 | €1,262,600 | €1,262,600 | = | 0.0% |
| Capital | 10 | €1,262,600 | €1,262,600 | = | 0.0% |
| Issued capital | 100 | €1,262,600 | €1,262,600 | = | 0.0% |
| Reserves | 13 | €126,260 | €126,260 | = | 0.0% |
| Non-distributable reserves | 130/1 | €126,260 | €126,260 | = | 0.0% |
| Legal reserve | 130 | €126,260 | €126,260 | = | 0.0% |
| Profit (loss) carried forward | 14 | €2,193,157 | €2,492,468 | +€299,311 | +13.6% |
| Amounts payable | 17/49 | €703,043 | €876,255 | +€173,212 | +24.6% |
| Amounts payable within one year | 42/48 | €306,382 | €597,285 | +€290,903 | +94.9% |
| Trade debts | 44 | €238,040 | €578,516 | +€340,476 | +143% |
| Suppliers | 440/4 | €238,040 | €578,516 | +€340,476 | +143% |
| Taxes, remuneration and social security | 45 | €68,342 | €18,769 | -€49,573 | -72.5% |
| Taxes | 450/3 | €68,342 | €18,769 | -€49,573 | -72.5% |
| Accrued charges and deferred income | 492/3 | €396,661 | €278,971 | -€117,691 | -29.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €674,201 | €818,792 | +€144,591 | +21.4% |
| Other operating charges | 640/8 | €1,092 | €1,108 | +€16 | +1.5% |
| Gross operating margin | 9900 | €1,332,267 | €1,162,079 | -€170,188 | -12.8% |
| Operating profit (loss) | 9901 | €656,974 | €342,180 | -€314,795 | -47.9% |
| Financial income | 75/76B | €44,937 | €39,029 | -€5,908 | -13.1% |
| Recurring financial income | 75 | €44,937 | €39,029 | -€5,908 | -13.1% |
| Financial charges | 65/66B | €7,109 | €1,190 | -€5,919 | -83.3% |
| Recurring financial charges | 65 | €7,109 | €1,190 | -€5,919 | -83.3% |
| Profit (loss) for the period before taxes | 9903 | €694,802 | €380,019 | -€314,783 | -45.3% |
| Income taxes | 67/77 | €145,332 | €80,708 | -€64,623 | -44.5% |
| Profit (loss) for the period | 9904 | €549,471 | €299,311 | -€250,160 | -45.5% |
| Profit (loss) for the period to be appropriated | 9905 | €549,471 | €299,311 | -€250,160 | -45.5% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 17 October 2026 via checked.be.