Solvex: 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.
Solvex
Largest movements
- Receivables within one year +€61,078
up €61,078 (+137.9%), from €44,294 to €105,372
of which Other amounts receivable: +€41,956
- Cash -€26,854
down €26,854 (-37.1%), from €72,305 to €45,451
mainly Contributions, distributions and other (-€73,899) and Receivables within one year (-€61,078)
- Receivables after one year -€8,000
down €8,000 (-25.4%), from €31,500 to €23,500
- Tangible fixed assets -€2,863
down €2,863 (-24.9%), from €11,480 to €8,616
of which Furniture and vehicles: -€1,600
- Deferred charges and accrued income +€2,404
up €2,404 (+103.4%), from €2,324 to €4,727
- Other debts +€64,765
up €64,765 (+709.1%), from €9,134 to €73,899
- Reserves -€43,687
down €43,687 (-36.5%), from €119,528 to €75,841
- Tax, wage and social debts +€4,416
up €4,416 (+32.4%), from €13,614 to €18,030
of which Remuneration and social security: +€2,226
- Staff costs +€15,178
up €15,178 (+29.6%), from €51,259 to €66,437
- Gross operating margin +€14,494
up €14,494 (+14.0%), from €103,893 to €118,387
- Other operating charges -€1,568
down €1,568 (-53.0%), from €2,958 to €1,390
- Taxes +€1,365
up €1,365 (+9.5%), from €14,376 to €15,742
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 | €162,002 | €187,666 | +€25,664 | +15.8% |
| Fixed assets | 21/28 | €11,580 | €8,616 | -€2,963 | -25.6% |
| Tangible fixed assets | 22/27 | €11,480 | €8,616 | -€2,863 | -24.9% |
| Plant, machinery and equipment | 23 | €6,546 | €5,282 | -€1,264 | -19.3% |
| Furniture and vehicles | 24 | €4,933 | €3,334 | -€1,600 | -32.4% |
| Financial fixed assets | 28 | €100 | - | -€100 | |
| Current assets | 29/58 | €150,422 | €179,050 | +€28,627 | +19.0% |
| Amounts receivable after more than one year | 29 | €31,500 | €23,500 | -€8,000 | -25.4% |
| Other amounts receivable | 291 | €31,500 | €23,500 | -€8,000 | -25.4% |
| Amounts receivable within one year | 40/41 | €44,294 | €105,372 | +€61,078 | +137.9% |
| Trade receivables | 40 | €44,294 | €63,415 | +€19,121 | +43.2% |
| Other amounts receivable | 41 | - | €41,956 | +€41,956 | |
| Cash at bank and in hand | 54/58 | €72,305 | €45,451 | -€26,854 | -37.1% |
| Deferred charges and accrued income | 490/1 | €2,324 | €4,727 | +€2,404 | +103.4% |
| Total equity and liabilities | 10/49 | €162,002 | €187,666 | +€25,664 | +15.8% |
| Equity | 10/15 | €138,128 | €94,441 | -€43,687 | -31.6% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €119,528 | €75,841 | -€43,687 | -36.5% |
| Distributable reserves | 133 | €119,528 | €75,841 | -€43,687 | -36.5% |
| Amounts payable | 17/49 | €23,874 | €93,225 | +€69,351 | +290.5% |
| Amounts payable within one year | 42/48 | €23,748 | €93,225 | +€69,477 | +292.6% |
| Trade debts | 44 | €1,001 | €1,296 | +€295 | +29.5% |
| Suppliers | 440/4 | €1,001 | €1,296 | +€295 | +29.5% |
| Taxes, remuneration and social security | 45 | €13,614 | €18,030 | +€4,416 | +32.4% |
| Taxes | 450/3 | €7,413 | €9,603 | +€2,190 | +29.5% |
| Remuneration and social security | 454/9 | €6,201 | €8,427 | +€2,226 | +35.9% |
| Other amounts payable | 47/48 | €9,134 | €73,899 | +€64,765 | +709.1% |
| Accrued charges and deferred income | 492/3 | €126 | - | -€126 | |
| Remuneration, social security and pensions | 62 | €51,259 | €66,437 | +€15,178 | +29.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,562 | €3,685 | -€878 | -19.2% |
| Other operating charges | 640/8 | €2,958 | €1,390 | -€1,568 | -53.0% |
| Gross operating margin | 9900 | €103,893 | €118,387 | +€14,494 | +14.0% |
| Operating profit (loss) | 9901 | €45,113 | €46,876 | +€1,762 | +3.9% |
| Financial income | 75/76B | €1,490 | €1,588 | +€98 | +6.6% |
| Recurring financial income | 75 | €1,490 | €1,588 | +€98 | +6.6% |
| Financial charges | 65/66B | €1,727 | €2,510 | +€783 | +45.3% |
| Recurring financial charges | 65 | €1,727 | €2,510 | +€783 | +45.3% |
| Profit (loss) for the period before taxes | 9903 | €44,876 | €45,954 | +€1,077 | +2.4% |
| Income taxes | 67/77 | €14,376 | €15,742 | +€1,365 | +9.5% |
| Profit (loss) for the period | 9904 | €30,500 | €30,212 | -€288 | -0.9% |
| Profit (loss) for the period to be appropriated | 9905 | €30,500 | €30,212 | -€288 | -0.9% |
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 11 October 2026 via checked.be.