SOLVAS: 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.
What changed
SOLVAS
NACE 64.210, Activities of holding companies
fiscal year 2023 against 2024filed annual accounts (NBB)
Net result for the year
€88,013
2023 · €288,032-€200,018
Equity
€4.2m
2023 · €4.1m+€88,013
Cash
€8,106
2023 · €94,968-€86,862
Balance sheet total
€10.0m
2023 · €8.9m+€1.1m
Largest movements
Assets
- Receivables within one year +€1.4m
up €1.4m (+821.6%), from €169,714 to €1.6m
of which Trade receivables: +€1.4m
- Receivables after one year -€152,618
no longer reported in 2024 (was €152,618)
Equity and liabilities
- Other debts +€1.9m
up €1.9m (+534.1%), from €361,152 to €2.3m
- Debts after one year -€959,102
down €959,102 (-25.2%), from €3.8m to €2.8m
Income statement
- Gross operating margin -€266,699
down €266,699 (-40.8%), from €653,328 to €386,628
- Financial income -€69,824
down €69,824 (-46.5%), from €150,000 to €80,176
- Staff costs -€61,852
down €61,852 (-22.9%), from €269,642 to €207,789
- Taxes -€47,418
down €47,418 (-77.0%), from €61,565 to €14,147
- Financial charges -€21,048
down €21,048 (-23.4%), from €89,843 to €68,795
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.
Result 2023
€288,032
Gross operating margin
-€266,699
Staff costs
+€61,852
Depreciation
-€623
Other operating charges
+€6,809
Financial income
-€69,824
Financial charges
+€21,048
Taxes
+€47,418
Result 2024
€88,013
Cash bridge derived
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.
From operations
+€889,917
Investment
-€9,401
Financing
-€967,377
Cash 2023
€94,968
From operations (derived)
+€889,917
Net result for the year
+€88,013
Depreciation
+€86,137
Receivables after one year
+€152,618
Receivables within one year
-€1.4m
Deferred charges and accrued income
-€88
Trade debts
+€56,191
Tax, wage and social debts
-€18,783
Other debts
+€1.9m
Accrued charges and deferred income
-€8,705
Investment (derived)
-€9,401
Investment in fixed assets (net)
-€9,401
Financing
-€967,377
Debts after one year
-€959,102
Current portion of long-term debt
-€8,623
Short-term financial debts
+€348
Cash 2024
€8,106
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €8,873,100 | €9,951,343 | +€1.1m | +12.2% |
| Fixed assets | 21/28 | €8,442,827 | €8,366,091 | -€76,736 | -0.9% |
| Tangible fixed assets | 22/27 | €265,440 | €188,704 | -€76,736 | -28.9% |
| Plant, machinery and equipment | 23 | €96,586 | - | -€96,586 | |
| Furniture and vehicles | 24 | €12,125 | €54,920 | +€42,796 | +353.0% |
| Other tangible fixed assets | 26 | €156,729 | €133,783 | -€22,945 | -14.6% |
| Financial fixed assets | 28 | €8,177,388 | €8,177,388 | = | 0.0% |
| Current assets | 29/58 | €430,272 | €1,585,252 | +€1.2m | +268.4% |
| Amounts receivable after more than one year | 29 | €152,618 | - | -€152,618 | |
| Other amounts receivable | 291 | €152,618 | - | -€152,618 | |
| Amounts receivable within one year | 40/41 | €169,714 | €1,564,085 | +€1.4m | +821.6% |
| Trade receivables | 40 | €169,714 | €1,530,320 | +€1.4m | +801.7% |
| Other amounts receivable | 41 | - | €33,765 | +€33,765 | |
| Cash at bank and in hand | 54/58 | €94,968 | €8,106 | -€86,862 | -91.5% |
| Deferred charges and accrued income | 490/1 | €12,973 | €13,061 | +€88 | +0.7% |
| Total equity and liabilities | 10/49 | €8,873,100 | €9,951,343 | +€1.1m | +12.2% |
| Equity | 10/15 | €4,084,426 | €4,172,440 | +€88,013 | +2.2% |
| Contributions | 10/11 | €2,454,600 | €2,454,600 | = | 0.0% |
| Reserves | 13 | €1,629,826 | €1,717,840 | +€88,013 | +5.4% |
| Non-distributable reserves | 130/1 | €33,128 | - | -€33,128 | |
| Reserves not available under the articles | 1311 | €33,128 | - | -€33,128 | |
| Tax-exempt reserves | 132 | €8,304 | €8,304 | = | 0.0% |
| Distributable reserves | 133 | €1,588,394 | €1,709,535 | +€121,142 | +7.6% |
| Amounts payable | 17/49 | €4,788,673 | €5,778,904 | +€990,230 | +20.7% |
| Amounts payable after more than one year | 17 | €3,808,375 | €2,849,273 | -€959,102 | -25.2% |
| Financial debts | 170/4 | €3,808,375 | €2,849,273 | -€959,102 | -25.2% |
| Amounts payable within one year | 42/48 | €938,901 | €2,896,938 | +€2.0m | +208.5% |
| Current portion of amounts payable after more than one year | 42 | €447,556 | €438,933 | -€8,623 | -1.9% |
| Financial debts | 43 | €18,570 | €18,918 | +€348 | +1.9% |
| Credit institutions | 430/8 | €18,570 | €18,918 | +€348 | +1.9% |
| Trade debts | 44 | €79,445 | €135,636 | +€56,191 | +70.7% |
| Suppliers | 440/4 | €79,445 | €135,636 | +€56,191 | +70.7% |
| Taxes, remuneration and social security | 45 | €32,176 | €13,393 | -€18,783 | -58.4% |
| Taxes | 450/3 | €12,565 | - | -€12,565 | |
| Remuneration and social security | 454/9 | €19,611 | €13,393 | -€6,218 | -31.7% |
| Other amounts payable | 47/48 | €361,152 | €2,290,058 | +€1.9m | +534.1% |
| Accrued charges and deferred income | 492/3 | €41,397 | €32,692 | -€8,705 | -21.0% |
| Remuneration, social security and pensions | 62 | €269,642 | €207,789 | -€61,852 | -22.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €85,515 | €86,137 | +€623 | +0.7% |
| Other operating charges | 640/8 | €8,732 | €1,923 | -€6,809 | -78.0% |
| Gross operating margin | 9900 | €653,328 | €386,628 | -€266,699 | -40.8% |
| Operating profit (loss) | 9901 | €289,440 | €90,779 | -€198,661 | -68.6% |
| Financial income | 75/76B | €150,000 | €80,176 | -€69,824 | -46.5% |
| Recurring financial income | 75 | €150,000 | €80,176 | -€69,824 | -46.5% |
| Financial charges | 65/66B | €89,843 | €68,795 | -€21,048 | -23.4% |
| Recurring financial charges | 65 | €89,843 | €68,795 | -€21,048 | -23.4% |
| Profit (loss) for the period before taxes | 9903 | €349,597 | €102,160 | -€247,436 | -70.8% |
| Income taxes | 67/77 | €61,565 | €14,147 | -€47,418 | -77.0% |
| Profit (loss) for the period | 9904 | €288,032 | €88,013 | -€200,018 | -69.4% |
| Profit (loss) for the period to be appropriated | 9905 | €288,032 | €88,013 | -€200,018 | -69.4% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 September 2026 via checked.be.