SOLVEO: 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.
SOLVEO
Largest movements
- Receivables after one year +€300,000
new in 2025: €300,000
- Cash -€152,234
down €152,234 (-55.4%), from €274,642 to €122,408
mainly Receivables after one year (-€300,000) and Contributions, distributions and other (-€15,499)
- Current investments -€90,000
down €90,000 (-100.0%), from €90,000 to €0
- Tangible fixed assets -€10,958
down €10,958 (-19.8%), from €55,230 to €44,272
of which Furniture and vehicles: -€10,958
- Reserves +€123,923
up €123,923 (+41.1%), from €301,614 to €425,537
of which Distributable reserves: +€125,783
- Profit (loss) carried forward -€58,554
down €58,554 (-100.0%), from €58,554 to €0
- Debts after one year -€10,051
down €10,051 (-34.0%), from €29,546 to €19,495
- Other debts -€6,311
down €6,311 (-80.9%), from €7,797 to €1,486
- Financial income +€18,894
up €18,894 (+679.8%), from €2,779 to €21,673
- Gross operating margin +€7,889
up €7,889 (+8.4%), from €93,862 to €101,750
- Taxes +€5,534
up €5,534 (+24.3%), from €22,734 to €28,268
- Depreciation -€3,653
down €3,653 (-25.0%), from €14,611 to €10,958
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 | €445,389 | €498,779 | +€53,389 | +12.0% |
| Fixed assets | 21/28 | €55,230 | €44,272 | -€10,958 | -19.8% |
| Tangible fixed assets | 22/27 | €55,230 | €44,272 | -€10,958 | -19.8% |
| Land and buildings | 22 | €0 | - | = | |
| Furniture and vehicles | 24 | €55,230 | €44,272 | -€10,958 | -19.8% |
| Current assets | 29/58 | €390,159 | €454,507 | +€64,347 | +16.5% |
| Amounts receivable after more than one year | 29 | - | €300,000 | +€300,000 | |
| Other amounts receivable | 291 | - | €300,000 | +€300,000 | |
| Amounts receivable within one year | 40/41 | €25,517 | €28,688 | +€3,171 | +12.4% |
| Trade receivables | 40 | €25,517 | €28,688 | +€3,171 | +12.4% |
| Current investments | 50/53 | €90,000 | €0 | -€90,000 | -100.0% |
| Cash at bank and in hand | 54/58 | €274,642 | €122,408 | -€152,234 | -55.4% |
| Deferred charges and accrued income | 490/1 | €0 | €3,410 | +€3,410 | |
| Total equity and liabilities | 10/49 | €445,389 | €498,779 | +€53,389 | +12.0% |
| Equity | 10/15 | €378,768 | €444,137 | +€65,369 | +17.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €301,614 | €425,537 | +€123,923 | +41.1% |
| Non-distributable reserves | 130/1 | €1,860 | €0 | -€1,860 | -100.0% |
| Reserves not available under the articles | 1311 | €1,860 | €0 | -€1,860 | -100.0% |
| Distributable reserves | 133 | €299,754 | €425,537 | +€125,783 | +42.0% |
| Profit (loss) carried forward | 14 | €58,554 | €0 | -€58,554 | -100.0% |
| Amounts payable | 17/49 | €66,621 | €54,642 | -€11,979 | -18.0% |
| Amounts payable after more than one year | 17 | €29,546 | €19,495 | -€10,051 | -34.0% |
| Financial debts | 170/4 | €29,546 | €19,495 | -€10,051 | -34.0% |
| Amounts payable within one year | 42/48 | €37,076 | €34,742 | -€2,333 | -6.3% |
| Current portion of amounts payable after more than one year | 42 | €9,659 | €10,051 | +€391 | +4.1% |
| Trade debts | 44 | €1,726 | €1,129 | -€597 | -34.6% |
| Suppliers | 440/4 | €1,726 | €1,129 | -€597 | -34.6% |
| Taxes, remuneration and social security | 45 | €17,894 | €22,077 | +€4,183 | +23.4% |
| Taxes | 450/3 | €15,899 | €22,077 | +€6,177 | +38.9% |
| Remuneration and social security | 454/9 | €1,995 | €0 | -€1,995 | -100.0% |
| Other amounts payable | 47/48 | €7,797 | €1,486 | -€6,311 | -80.9% |
| Accrued charges and deferred income | 492/3 | - | €405 | +€405 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,611 | €10,958 | -€3,653 | -25.0% |
| Other operating charges | 640/8 | €1,227 | €1,399 | +€172 | +14.0% |
| Gross operating margin | 9900 | €93,862 | €101,750 | +€7,889 | +8.4% |
| Operating profit (loss) | 9901 | €78,024 | €89,394 | +€11,369 | +14.6% |
| Financial income | 75/76B | €2,779 | €21,673 | +€18,894 | +679.8% |
| Recurring financial income | 75 | €2,779 | €21,673 | +€18,894 | +679.8% |
| Financial charges | 65/66B | €2,468 | €1,931 | -€537 | -21.8% |
| Recurring financial charges | 65 | €2,468 | €1,931 | -€537 | -21.8% |
| Profit (loss) for the period before taxes | 9903 | €78,335 | €109,136 | +€30,800 | +39.3% |
| Income taxes | 67/77 | €22,734 | €28,268 | +€5,534 | +24.3% |
| Profit (loss) for the period | 9904 | €55,601 | €80,868 | +€25,266 | +45.4% |
| Profit (loss) for the period to be appropriated | 9905 | €55,601 | €80,868 | +€25,266 | +45.4% |
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.