SOLVAJO: 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.
SOLVAJO
Largest movements
- Tangible fixed assets -€21,542
down €21,542 (-5.0%), from €434,714 to €413,172
of which Land and buildings: -€21,390
- Cash +€14,261
up €14,261 (+26.6%), from €53,698 to €67,959
mainly Depreciation (+€22,609) and Net result for the year (+€7,794)
- Trade debts -€8,978
down €8,978 (-60.5%), from €14,833 to €5,855
- Other debts -€6,458
down €6,458 (-8.9%), from €72,864 to €66,407
- Reserves +€6,128
up €6,128 (+1.5%), from €410,822 to €416,950
- Gross operating margin -€15,798
down €15,798 (-29.8%), from €53,074 to €37,275
- Taxes -€4,977
down €4,977 (-57.7%), from €8,631 to €3,654
- Financial charges +€1,063
up €1,063 (+290%), from €366 to €1,430
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 | €528,177 | €519,960 | -€8,218 | -1.6% |
| Fixed assets | 21/28 | €434,769 | €413,227 | -€21,542 | -5.0% |
| Tangible fixed assets | 22/27 | €434,714 | €413,172 | -€21,542 | -5.0% |
| Land and buildings | 22 | €376,421 | €355,031 | -€21,390 | -5.7% |
| Plant, machinery and equipment | 23 | €1,474 | €592 | -€881 | -59.8% |
| Furniture and vehicles | 24 | €1,322 | €2,051 | +€730 | +55.2% |
| Other tangible fixed assets | 26 | €55,498 | €55,498 | = | 0.0% |
| Financial fixed assets | 28 | €55 | €55 | = | 0.0% |
| Current assets | 29/58 | €93,408 | €106,732 | +€13,324 | +14.3% |
| Amounts receivable within one year | 40/41 | €18,149 | €20,343 | +€2,193 | +12.1% |
| Trade receivables | 40 | €15,187 | €14,992 | -€195 | -1.3% |
| Other amounts receivable | 41 | €2,962 | €5,351 | +€2,389 | +80.6% |
| Cash at bank and in hand | 54/58 | €53,698 | €67,959 | +€14,261 | +26.6% |
| Deferred charges and accrued income | 490/1 | €21,561 | €18,430 | -€3,130 | -14.5% |
| Total equity and liabilities | 10/49 | €528,177 | €519,960 | -€8,218 | -1.6% |
| Equity | 10/15 | €432,160 | €438,288 | +€6,128 | +1.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €410,822 | €416,950 | +€6,128 | +1.5% |
| Distributable reserves | 133 | €410,822 | €416,950 | +€6,128 | +1.5% |
| Profit (loss) carried forward | 14 | €2,738 | €2,738 | = | 0.0% |
| Amounts payable | 17/49 | €96,017 | €81,672 | -€14,345 | -14.9% |
| Amounts payable within one year | 42/48 | €96,017 | €81,662 | -€14,355 | -15.0% |
| Trade debts | 44 | €14,833 | €5,855 | -€8,978 | -60.5% |
| Suppliers | 440/4 | €14,833 | €5,855 | -€8,978 | -60.5% |
| Taxes, remuneration and social security | 45 | €8,320 | €9,400 | +€1,081 | +13.0% |
| Taxes | 450/3 | €8,320 | €9,400 | +€1,081 | +13.0% |
| Other amounts payable | 47/48 | €72,864 | €66,407 | -€6,458 | -8.9% |
| Accrued charges and deferred income | 492/3 | - | €10 | +€10 | |
| Non-recurring operating income | 76A | - | €413 | +€413 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €22,611 | €22,609 | -€2 | 0.0% |
| Other operating charges | 640/8 | €2,087 | €1,788 | -€298 | -14.3% |
| Gross operating margin | 9900 | €53,074 | €37,275 | -€15,798 | -29.8% |
| Operating profit (loss) | 9901 | €28,376 | €12,878 | -€15,499 | -54.6% |
| Financial income | 75/76B | €0 | €0 | = | 0.0% |
| Recurring financial income | 75 | €0 | €0 | = | 0.0% |
| Financial charges | 65/66B | €366 | €1,430 | +€1,063 | +290% |
| Recurring financial charges | 65 | €366 | €1,430 | +€1,063 | +290% |
| Profit (loss) for the period before taxes | 9903 | €28,010 | €11,448 | -€16,562 | -59.1% |
| Income taxes | 67/77 | €8,631 | €3,654 | -€4,977 | -57.7% |
| Profit (loss) for the period | 9904 | €19,379 | €7,794 | -€11,585 | -59.8% |
| Profit (loss) for the period to be appropriated | 9905 | €19,379 | €7,794 | -€11,585 | -59.8% |
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 21 October 2026 via checked.be.