SOLVAM: 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.
SOLVAM
Largest movements
- Cash -€15,412
down €15,412 (-70.1%), from €21,982 to €6,571
mainly Contributions, distributions and other (-€39,574) and Investment in fixed assets (net) (-€16,478)
- Receivables within one year +€12,659
new in 2025: €12,659
of which Trade receivables: +€8,359
- Deferred charges and accrued income -€11,747
down €11,747 (-88.4%), from €13,286 to €1,539
- Tangible fixed assets +€3,675
up €3,675 (+7.1%), from €51,417 to €55,093
of which Furniture and vehicles: +€7,393
- Other debts +€23,462
up €23,462 (+104.6%), from €22,433 to €45,895
- Profit (loss) carried forward -€20,011
no longer reported in 2025 (was €20,011)
- Debts after one year -€13,143
down €13,143 (-65.8%), from €19,973 to €6,830
- Tax, wage and social debts -€2,828
down €2,828 (-32.2%), from €8,787 to €5,959
- Trade debts +€1,035
new in 2025: €1,035
- Depreciation +€6,003
up €6,003 (+88.3%), from €6,799 to €12,802
- Gross operating margin +€5,389
up €5,389 (+15.6%), from €34,647 to €40,036
- Financial charges -€615
down €615 (-27.5%), from €2,241 to €1,626
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 | €86,685 | €75,862 | -€10,824 | -12.5% |
| Fixed assets | 21/28 | €51,417 | €55,093 | +€3,675 | +7.1% |
| Tangible fixed assets | 22/27 | €51,417 | €55,093 | +€3,675 | +7.1% |
| Plant, machinery and equipment | 23 | - | €3,135 | +€3,135 | |
| Furniture and vehicles | 24 | - | €7,393 | +€7,393 | |
| Other tangible fixed assets | 26 | €51,417 | €44,565 | -€6,853 | -13.3% |
| Current assets | 29/58 | €35,268 | €20,769 | -€14,499 | -41.1% |
| Amounts receivable within one year | 40/41 | - | €12,659 | +€12,659 | |
| Trade receivables | 40 | - | €8,359 | +€8,359 | |
| Other amounts receivable | 41 | - | €4,300 | +€4,300 | |
| Cash at bank and in hand | 54/58 | €21,982 | €6,571 | -€15,412 | -70.1% |
| Deferred charges and accrued income | 490/1 | €13,286 | €1,539 | -€11,747 | -88.4% |
| Total equity and liabilities | 10/49 | €86,685 | €75,862 | -€10,824 | -12.5% |
| Equity | 10/15 | €23,011 | €3,000 | -€20,011 | -87.0% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €20,011 | - | -€20,011 | |
| Amounts payable | 17/49 | €63,674 | €72,862 | +€9,188 | +14.4% |
| Amounts payable after more than one year | 17 | €19,973 | €6,830 | -€13,143 | -65.8% |
| Financial debts | 170/4 | €19,973 | €6,830 | -€13,143 | -65.8% |
| Amounts payable within one year | 42/48 | €43,701 | €66,031 | +€22,330 | +51.1% |
| Current portion of amounts payable after more than one year | 42 | €12,482 | €13,143 | +€661 | +5.3% |
| Trade debts | 44 | - | €1,035 | +€1,035 | |
| Suppliers | 440/4 | - | €1,035 | +€1,035 | |
| Taxes, remuneration and social security | 45 | €8,787 | €5,959 | -€2,828 | -32.2% |
| Taxes | 450/3 | €8,787 | €5,959 | -€2,828 | -32.2% |
| Other amounts payable | 47/48 | €22,433 | €45,895 | +€23,462 | +104.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,799 | €12,802 | +€6,003 | +88.3% |
| Other operating charges | 640/8 | €493 | €633 | +€139 | +28.2% |
| Gross operating margin | 9900 | €34,647 | €40,036 | +€5,389 | +15.6% |
| Operating profit (loss) | 9901 | €27,354 | €26,601 | -€753 | -2.8% |
| Financial income | 75/76B | €0 | €5 | +€5 | +26750.0% |
| Recurring financial income | 75 | €0 | €5 | +€5 | +26750.0% |
| Financial charges | 65/66B | €2,241 | €1,626 | -€615 | -27.5% |
| Recurring financial charges | 65 | €2,241 | €1,626 | -€615 | -27.5% |
| Profit (loss) for the period before taxes | 9903 | €25,113 | €24,981 | -€133 | -0.5% |
| Income taxes | 67/77 | €5,102 | €5,418 | +€316 | +6.2% |
| Profit (loss) for the period | 9904 | €20,011 | €19,563 | -€449 | -2.2% |
| Profit (loss) for the period to be appropriated | 9905 | €20,011 | €19,563 | -€449 | -2.2% |
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 6 October 2026 via checked.be.