SOLVAS FINANCE: 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.
SOLVAS FINANCE
Largest movements
- Receivables within one year +€98,097
up €98,097 (+23.4%), from €419,683 to €517,780
of which Other amounts receivable: +€98,810
- Tangible fixed assets -€25,940
down €25,940 (-8.8%), from €295,413 to €269,472
of which Furniture and vehicles: -€15,972
- Other debts +€256,103
up €256,103 (+274%), from €93,397 to €349,500
- Trade debts -€122,820
down €122,820 (-33.9%), from €362,254 to €239,433
- Current portion of long-term debt -€46,001
down €46,001 (-58.8%), from €78,215 to €32,213
- Debts after one year -€32,213
down €32,213 (-8.0%), from €401,173 to €368,960
- Gross operating margin -€34,580
down €34,580 (-12.6%), from €274,920 to €240,340
- Depreciation -€20,000
down €20,000 (-43.5%), from €45,940 to €25,940
- Staff costs +€14,837
up €14,837 (+8.1%), from €184,024 to €198,861
- Taxes -€10,641
down €10,641 (-73.5%), from €14,483 to €3,842
- Financial charges -€4,381
down €4,381 (-39.6%), from €11,068 to €6,687
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 | €1,193,903 | €1,254,746 | +€60,843 | +5.1% |
| Fixed assets | 21/28 | €295,413 | €269,472 | -€25,940 | -8.8% |
| Tangible fixed assets | 22/27 | €295,413 | €269,472 | -€25,940 | -8.8% |
| Land and buildings | 22 | €235,813 | €225,845 | -€9,968 | -4.2% |
| Furniture and vehicles | 24 | €59,600 | €43,628 | -€15,972 | -26.8% |
| Current assets | 29/58 | €898,490 | €985,274 | +€86,783 | +9.7% |
| Amounts receivable after more than one year | 29 | €465,588 | €465,588 | = | 0.0% |
| Other amounts receivable | 291 | €465,588 | €465,588 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €419,683 | €517,780 | +€98,097 | +23.4% |
| Trade receivables | 40 | €1,211 | €498 | -€713 | -58.9% |
| Other amounts receivable | 41 | €418,472 | €517,282 | +€98,810 | +23.6% |
| Cash at bank and in hand | 54/58 | €7,010 | €1,756 | -€5,254 | -75.0% |
| Deferred charges and accrued income | 490/1 | €6,210 | €150 | -€6,060 | -97.6% |
| Total equity and liabilities | 10/49 | €1,193,903 | €1,254,746 | +€60,843 | +5.1% |
| Equity | 10/15 | €224,264 | €230,802 | +€6,537 | +2.9% |
| Contributions | 10/11 | €61,500 | €61,500 | = | 0.0% |
| Capital | 10 | €61,500 | €61,500 | = | 0.0% |
| Issued capital | 100 | €61,500 | €61,500 | = | 0.0% |
| Reserves | 13 | €162,764 | €169,302 | +€6,537 | +4.0% |
| Non-distributable reserves | 130/1 | €6,150 | €6,150 | = | 0.0% |
| Legal reserve | 130 | €6,150 | €6,150 | = | 0.0% |
| Tax-exempt reserves | 132 | €3,039 | €3,039 | = | 0.0% |
| Distributable reserves | 133 | €153,575 | €160,112 | +€6,537 | +4.3% |
| Amounts payable | 17/49 | €969,639 | €1,023,944 | +€54,305 | +5.6% |
| Amounts payable after more than one year | 17 | €401,173 | €368,960 | -€32,213 | -8.0% |
| Financial debts | 170/4 | €401,173 | €368,960 | -€32,213 | -8.0% |
| Amounts payable within one year | 42/48 | €564,169 | €654,199 | +€90,030 | +16.0% |
| Current portion of amounts payable after more than one year | 42 | €78,215 | €32,213 | -€46,001 | -58.8% |
| Financial debts | 43 | €10,678 | €8,975 | -€1,703 | -15.9% |
| Credit institutions | 430/8 | €10,678 | €8,975 | -€1,703 | -15.9% |
| Trade debts | 44 | €362,254 | €239,433 | -€122,820 | -33.9% |
| Suppliers | 440/4 | €362,254 | €239,433 | -€122,820 | -33.9% |
| Taxes, remuneration and social security | 45 | €19,626 | €24,077 | +€4,451 | +22.7% |
| Taxes | 450/3 | €4,483 | €8,462 | +€3,979 | +88.8% |
| Remuneration and social security | 454/9 | €15,144 | €15,615 | +€472 | +3.1% |
| Other amounts payable | 47/48 | €93,397 | €349,500 | +€256,103 | +274% |
| Accrued charges and deferred income | 492/3 | €4,297 | €785 | -€3,511 | -81.7% |
| Remuneration, social security and pensions | 62 | €184,024 | €198,861 | +€14,837 | +8.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €45,940 | €25,940 | -€20,000 | -43.5% |
| Other operating charges | 640/8 | €3,538 | €3,029 | -€509 | -14.4% |
| Gross operating margin | 9900 | €274,920 | €240,340 | -€34,580 | -12.6% |
| Operating profit (loss) | 9901 | €41,418 | €12,510 | -€28,908 | -69.8% |
| Financial income | 75/76B | €1,105 | €4,556 | +€3,451 | +312% |
| Recurring financial income | 75 | €1,105 | €4,556 | +€3,451 | +312% |
| Financial charges | 65/66B | €11,068 | €6,687 | -€4,381 | -39.6% |
| Recurring financial charges | 65 | €11,068 | €6,687 | -€4,381 | -39.6% |
| Profit (loss) for the period before taxes | 9903 | €31,455 | €10,379 | -€21,076 | -67.0% |
| Income taxes | 67/77 | €14,483 | €3,842 | -€10,641 | -73.5% |
| Profit (loss) for the period | 9904 | €16,972 | €6,537 | -€10,435 | -61.5% |
| Profit (loss) for the period to be appropriated | 9905 | €16,972 | €6,537 | -€10,435 | -61.5% |
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 29 October 2026 via checked.be.