Solvas Life: what changed
What changed
Solvas Life
NACE 66.220, Insurance agents and brokers
filed annual accounts (NBB)
Net result for the year
€13,220
2024 · €2,268+€10,952
Equity
€226,078
2024 · €212,857+€13,220
Cash
€4,153
2024 · €15,287-€11,134
Balance sheet total
€695,317
2024 · €697,321-€2,004
Largest movements
Assets
- Receivables within one year +€22,258
up €22,258 (+4.3%), from €522,561 to €544,820
of which Other amounts receivable: +€122,556
- Cash -€11,134
down €11,134 (-72.8%), from €15,287 to €4,153
mainly Other debts (-€103,718) and Receivables within one year (-€22,258)
- Deferred charges and accrued income -€7,468
down €7,468 (-90.5%), from €8,250 to €783
Equity and liabilities
- Other debts -€103,718
down €103,718 (-100%), from €103,718 to €0
- Trade debts +€90,277
up €90,277 (+28.0%), from €322,158 to €412,435
- Reserves +€13,220
up €13,220 (+6.9%), from €192,751 to €205,971
of which Distributable reserves: +€13,220
- Debts after one year -€7,786
down €7,786 (-35.1%), from €22,191 to €14,406
Income statement
- Staff costs -€127,342
down €127,342 (-52.2%), from €243,863 to €116,520
- Gross operating margin -€124,890
down €124,890 (-47.7%), from €262,071 to €137,180
- Financial income +€10,141
up €10,141 (+447%), from €2,271 to €12,412
- Taxes +€4,537
up €4,537 (+127%), from €3,569 to €8,106
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€2,268
Gross operating margin
-€124,890
Staff costs
+€127,342
Depreciation
+€104
Other operating charges
+€1,935
Financial income
+€10,141
Financial charges
+€857
Taxes
-€4,537
Result 2025
€13,220
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€1,866
Investment
-€2,617
Financing
-€10,383
Cash 2024
€15,287
From operations (derived)
+€1,866
Net result for the year
+€13,220
Depreciation
+€8,278
Receivables within one year
-€22,258
Deferred charges and accrued income
+€7,468
Trade debts
+€90,277
Tax, wage and social debts
+€2,615
Other debts
-€103,718
Accrued charges and deferred income
+€5,985
Investment (derived)
-€2,617
Investment in fixed assets (net)
-€2,617
Financing
-€10,383
Debts after one year
-€7,786
Current portion of long-term debt
+€308
Short-term financial debts
-€2,905
Cash 2025
€4,153
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €697,321 | €695,317 | -€2,004 | -0.3% |
| Fixed assets | 21/28 | €29,121 | €23,460 | -€5,661 | -19.4% |
| Tangible fixed assets | 22/27 | €29,121 | €23,460 | -€5,661 | -19.4% |
| Plant, machinery and equipment | 23 | €835 | €580 | -€255 | -30.5% |
| Furniture and vehicles | 24 | €28,286 | €22,880 | -€5,406 | -19.1% |
| Current assets | 29/58 | €668,200 | €671,857 | +€3,657 | +0.5% |
| Amounts receivable after more than one year | 29 | €122,102 | €122,102 | = | 0.0% |
| Other amounts receivable | 291 | €122,102 | €122,102 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €522,561 | €544,820 | +€22,258 | +4.3% |
| Trade receivables | 40 | €142,677 | €42,379 | -€100,297 | -70.3% |
| Other amounts receivable | 41 | €379,885 | €502,441 | +€122,556 | +32.3% |
| Cash at bank and in hand | 54/58 | €15,287 | €4,153 | -€11,134 | -72.8% |
| Deferred charges and accrued income | 490/1 | €8,250 | €783 | -€7,468 | -90.5% |
| Total equity and liabilities | 10/49 | €697,321 | €695,317 | -€2,004 | -0.3% |
| Equity | 10/15 | €212,857 | €226,078 | +€13,220 | +6.2% |
| Contributions | 10/11 | €20,107 | €20,107 | = | 0.0% |
| Reserves | 13 | €192,751 | €205,971 | +€13,220 | +6.9% |
| Tax-exempt reserves | 132 | €18 | €18 | = | 0.0% |
| Distributable reserves | 133 | €192,733 | €205,953 | +€13,220 | +6.9% |
| Amounts payable | 17/49 | €484,463 | €469,239 | -€15,224 | -3.1% |
| Amounts payable after more than one year | 17 | €22,191 | €14,406 | -€7,786 | -35.1% |
| Financial debts | 170/4 | €22,191 | €14,406 | -€7,786 | -35.1% |
| Amounts payable within one year | 42/48 | €462,025 | €448,602 | -€13,424 | -2.9% |
| Current portion of amounts payable after more than one year | 42 | €7,477 | €7,786 | +€308 | +4.1% |
| Financial debts | 43 | €14,214 | €11,308 | -€2,905 | -20.4% |
| Credit institutions | 430/8 | €14,214 | €11,308 | -€2,905 | -20.4% |
| Trade debts | 44 | €322,158 | €412,435 | +€90,277 | +28.0% |
| Suppliers | 440/4 | €322,158 | €412,435 | +€90,277 | +28.0% |
| Taxes, remuneration and social security | 45 | €14,458 | €17,073 | +€2,615 | +18.1% |
| Taxes | 450/3 | - | €8,106 | +€8,106 | |
| Remuneration and social security | 454/9 | €14,458 | €8,966 | -€5,491 | -38.0% |
| Other amounts payable | 47/48 | €103,718 | €0 | -€103,718 | -100% |
| Accrued charges and deferred income | 492/3 | €247 | €6,232 | +€5,985 | +2,428% |
| Non-recurring operating income | 76A | - | €2,458 | +€2,458 | |
| Remuneration, social security and pensions | 62 | €243,863 | €116,520 | -€127,342 | -52.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,381 | €8,278 | -€104 | -1.2% |
| Other operating charges | 640/8 | €3,282 | €1,347 | -€1,935 | -59.0% |
| Gross operating margin | 9900 | €262,071 | €137,180 | -€124,890 | -47.7% |
| Operating profit (loss) | 9901 | €6,544 | €11,035 | +€4,491 | +68.6% |
| Financial income | 75/76B | €2,271 | €12,412 | +€10,141 | +447% |
| Recurring financial income | 75 | €2,271 | €12,412 | +€10,141 | +447% |
| Financial charges | 65/66B | €2,978 | €2,121 | -€857 | -28.8% |
| Recurring financial charges | 65 | €2,978 | €2,121 | -€857 | -28.8% |
| Profit (loss) for the period before taxes | 9903 | €5,837 | €21,327 | +€15,489 | +265% |
| Income taxes | 67/77 | €3,569 | €8,106 | +€4,537 | +127% |
| Profit (loss) for the period | 9904 | €2,268 | €13,220 | +€10,952 | +483% |
| Profit (loss) for the period to be appropriated | 9905 | €2,268 | €13,220 | +€10,952 | +483% |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 6 November 2026 via checked.be.