SOLVALDEC: 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.
SOLVALDEC
Largest movements
- Cash -€40,992
down €40,992 (-79.9%), from €51,321 to €10,328
mainly Other debts (-€42,500) and Tax, wage and social debts (-€7,500)
- Receivables within one year -€9,605
down €9,605 (-79.6%), from €12,064 to €2,458
of which Other amounts receivable: -€9,605
- Other debts -€42,500
no longer reported in 2025 (was €42,500)
- Tax, wage and social debts -€7,500
no longer reported in 2025 (was €7,500)
- Profit (loss) carried forward -€798
down €798 (-10.8%), from €7,384 to €6,587
- Write-downs -€39,985
no longer reported in 2025 (was €39,985)
- Staff costs -€19,790
no longer reported in 2025 (was €19,790)
- Gross operating margin +€388
up €388 (+35.6%), from -€1,090 to -€702
- Other operating charges -€387
no longer reported in 2025 (was €387)
- Depreciation -€346
no longer reported in 2025 (was €346)
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 | €63,584 | €12,787 | -€50,798 | -79.9% |
| Fixed assets | 21/28 | €200 | €0 | -€200 | -100.0% |
| Tangible fixed assets | 22/27 | €0 | €0 | = | |
| Furniture and vehicles | 24 | €0 | €0 | = | |
| Financial fixed assets | 28 | €200 | - | -€200 | |
| Current assets | 29/58 | €63,384 | €12,787 | -€50,598 | -79.8% |
| Amounts receivable within one year | 40/41 | €12,064 | €2,458 | -€9,605 | -79.6% |
| Trade receivables | 40 | €0 | €0 | = | |
| Other amounts receivable | 41 | €12,064 | €2,458 | -€9,605 | -79.6% |
| Cash at bank and in hand | 54/58 | €51,321 | €10,328 | -€40,992 | -79.9% |
| Total equity and liabilities | 10/49 | €63,584 | €12,787 | -€50,798 | -79.9% |
| Equity | 10/15 | €13,584 | €12,787 | -€798 | -5.9% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Profit (loss) carried forward | 14 | €7,384 | €6,587 | -€798 | -10.8% |
| Amounts payable | 17/49 | €50,000 | €0 | -€50,000 | -100.0% |
| Amounts payable within one year | 42/48 | €50,000 | €0 | -€50,000 | -100.0% |
| Trade debts | 44 | - | €0 | = | |
| Suppliers | 440/4 | - | €0 | = | |
| Taxes, remuneration and social security | 45 | €7,500 | - | -€7,500 | |
| Taxes | 450/3 | €7,500 | - | -€7,500 | |
| Other amounts payable | 47/48 | €42,500 | - | -€42,500 | |
| Remuneration, social security and pensions | 62 | €19,790 | - | -€19,790 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €346 | - | -€346 | |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €39,985 | - | -€39,985 | |
| Other operating charges | 640/8 | €387 | - | -€387 | |
| Gross operating margin | 9900 | -€1,090 | -€702 | +€388 | +35.6% |
| Operating profit (loss) | 9901 | -€61,598 | -€702 | +€60,896 | +98.9% |
| Financial charges | 65/66B | €102 | €96 | -€6 | -6.0% |
| Recurring financial charges | 65 | €102 | €96 | -€6 | -6.0% |
| Profit (loss) for the period before taxes | 9903 | -€61,700 | -€798 | +€60,902 | +98.7% |
| Profit (loss) for the period | 9904 | -€61,700 | -€798 | +€60,902 | +98.7% |
| Profit (loss) for the period to be appropriated | 9905 | -€61,700 | -€798 | +€60,902 | +98.7% |
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.