Solvakem Belgium: 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.
Solvakem Belgium
Largest movements
- Receivables within one year -€180,369
down €180,369 (-48.4%), from €372,336 to €191,968
of which Trade receivables: -€191,196
- Cash +€80,032
up €80,032 (+68.1%), from €117,462 to €197,494
mainly Receivables within one year (+€180,369) and Net result for the year (+€23,419)
- Deferred charges and accrued income -€9,438
down €9,438 (-63.9%), from €14,777 to €5,339
- Financial fixed assets +€7,600
new in 2026: €7,600
- Other debts -€49,562
down €49,562 (-47.8%), from €103,586 to €54,023
- Trade debts -€35,224
down €35,224 (-16.3%), from €215,499 to €180,275
- Accrued charges and deferred income -€31,657
down €31,657 (-26.8%), from €118,045 to €86,387
- Profit (loss) carried forward +€23,419
up €23,419 (+101%), from €23,105 to €46,524
- Tax, wage and social debts -€18,220
down €18,220 (-25.8%), from €70,565 to €52,345
of which Taxes: -€18,445
- Gross operating margin +€59,966
up €59,966 (+53.2%), from €112,710 to €172,676
- Staff costs +€38,112
up €38,112 (+42.0%), from €90,798 to €128,911
- Taxes +€6,685
up €6,685 (+236%), from €2,833 to €9,518
- Depreciation -€2,787
down €2,787 (-25.9%), from €10,741 to €7,954
- Financial charges -€2,088
down €2,088 (-59.2%), from €3,526 to €1,437
From the 2025 result to the 2026 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 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €533,299 | €422,055 | -€111,245 | -20.9% |
| Fixed assets | 21/28 | €28,723 | €27,253 | -€1,470 | -5.1% |
| Intangible fixed assets | 21 | €17,154 | €12,644 | -€4,510 | -26.3% |
| Tangible fixed assets | 22/27 | €11,570 | €7,009 | -€4,560 | -39.4% |
| Plant, machinery and equipment | 23 | €9,596 | €6,943 | -€2,654 | -27.7% |
| Furniture and vehicles | 24 | €1,119 | €67 | -€1,052 | -94.0% |
| Other tangible fixed assets | 26 | €855 | €0 | -€855 | -100% |
| Financial fixed assets | 28 | - | €7,600 | +€7,600 | |
| Current assets | 29/58 | €504,576 | €394,801 | -€109,775 | -21.8% |
| Amounts receivable within one year | 40/41 | €372,336 | €191,968 | -€180,369 | -48.4% |
| Trade receivables | 40 | €362,094 | €170,898 | -€191,196 | -52.8% |
| Other amounts receivable | 41 | €10,243 | €21,070 | +€10,828 | +106% |
| Cash at bank and in hand | 54/58 | €117,462 | €197,494 | +€80,032 | +68.1% |
| Deferred charges and accrued income | 490/1 | €14,777 | €5,339 | -€9,438 | -63.9% |
| Total equity and liabilities | 10/49 | €533,299 | €422,055 | -€111,245 | -20.9% |
| Equity | 10/15 | €25,605 | €49,024 | +€23,419 | +91.5% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €23,105 | €46,524 | +€23,419 | +101% |
| Amounts payable | 17/49 | €507,694 | €373,031 | -€134,663 | -26.5% |
| Amounts payable within one year | 42/48 | €389,649 | €286,643 | -€103,006 | -26.4% |
| Trade debts | 44 | €215,499 | €180,275 | -€35,224 | -16.3% |
| Suppliers | 440/4 | €215,499 | €180,275 | -€35,224 | -16.3% |
| Taxes, remuneration and social security | 45 | €70,565 | €52,345 | -€18,220 | -25.8% |
| Taxes | 450/3 | €56,678 | €38,233 | -€18,445 | -32.5% |
| Remuneration and social security | 454/9 | €13,887 | €14,112 | +€225 | +1.6% |
| Other amounts payable | 47/48 | €103,586 | €54,023 | -€49,562 | -47.8% |
| Accrued charges and deferred income | 492/3 | €118,045 | €86,387 | -€31,657 | -26.8% |
| Remuneration, social security and pensions | 62 | €90,798 | €128,911 | +€38,112 | +42.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,741 | €7,954 | -€2,787 | -25.9% |
| Other operating charges | 640/8 | €728 | €1,437 | +€709 | +97.5% |
| Gross operating margin | 9900 | €112,710 | €172,676 | +€59,966 | +53.2% |
| Operating profit (loss) | 9901 | €10,442 | €34,374 | +€23,932 | +229% |
| Financial income | 75/76B | €748 | €0 | -€748 | -100% |
| Recurring financial income | 75 | €748 | €0 | -€748 | -100% |
| Financial charges | 65/66B | €3,526 | €1,437 | -€2,088 | -59.2% |
| Recurring financial charges | 65 | €3,526 | €1,437 | -€2,088 | -59.2% |
| Profit (loss) for the period before taxes | 9903 | €7,665 | €32,937 | +€25,272 | +330% |
| Income taxes | 67/77 | €2,833 | €9,518 | +€6,685 | +236% |
| Profit (loss) for the period | 9904 | €4,833 | €23,419 | +€18,586 | +385% |
| Profit (loss) for the period to be appropriated | 9905 | €4,833 | €23,419 | +€18,586 | +385% |
Source: filed annual accounts (NBB), financial years ended 31 March 2025 and 31 March 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 31 October 2026 via checked.be.