SOLVIUM: 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.
SOLVIUM
Largest movements
- Current investments +€3.9m
up €3.9m (+63.7%), from €6.1m to €10.0m
- Cash -€3.7m
down €3.7m (-98.3%), from €3.8m to €65,974
mainly Current investments (-€3.9m) and Investment in fixed assets (net) (-€370,680)
- Reserves +€445,148
up €445,148 (+1.7%), from €26.6m to €27.0m
of which Distributable reserves: +€718,798
- Financial income -€24.3m
down €24.3m (-98.3%), from €24.7m to €430,766
- Gross operating margin +€545,465
up €545,465, from -€302,625 to €242,839
- Taxes +€40,121
up €40,121 (+37.0%), from €108,579 to €148,700
- Depreciation +€17,950
up €17,950 (+37.0%), from €48,503 to €66,453
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 | €26,632,780 | €27,062,257 | +€429,477 | +1.6% |
| Fixed assets | 21/28 | €16,460,259 | €16,764,486 | +€304,227 | +1.8% |
| Tangible fixed assets | 22/27 | €434,836 | €575,713 | +€140,877 | +32.4% |
| Land and buildings | 22 | €220,654 | €218,173 | -€2,481 | -1.1% |
| Plant, machinery and equipment | 23 | €21,877 | €19,479 | -€2,398 | -11.0% |
| Furniture and vehicles | 24 | €116,138 | €192,751 | +€76,612 | +66.0% |
| Other tangible fixed assets | 26 | €76,167 | €145,310 | +€69,143 | +90.8% |
| Financial fixed assets | 28 | €16,025,423 | €16,188,773 | +€163,350 | +1.0% |
| Current assets | 29/58 | €10,172,521 | €10,297,772 | +€125,250 | +1.2% |
| Amounts receivable within one year | 40/41 | €177,567 | €216,055 | +€38,488 | +21.7% |
| Trade receivables | 40 | €177,567 | €147,863 | -€29,704 | -16.7% |
| Other amounts receivable | 41 | - | €68,192 | +€68,192 | |
| Current investments | 50/53 | €6,100,000 | €9,987,391 | +€3.9m | +63.7% |
| Cash at bank and in hand | 54/58 | €3,814,927 | €65,974 | -€3.7m | -98.3% |
| Deferred charges and accrued income | 490/1 | €80,028 | €28,352 | -€51,676 | -64.6% |
| Total equity and liabilities | 10/49 | €26,632,780 | €27,062,257 | +€429,477 | +1.6% |
| Equity | 10/15 | €26,571,364 | €27,016,511 | +€445,148 | +1.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €26,552,764 | €26,997,911 | +€445,148 | +1.7% |
| Tax-exempt reserves | 132 | €669,390 | €395,740 | -€273,650 | -40.9% |
| Distributable reserves | 133 | €25,883,374 | €26,602,171 | +€718,798 | +2.8% |
| Amounts payable | 17/49 | €61,417 | €45,746 | -€15,671 | -25.5% |
| Amounts payable within one year | 42/48 | €61,417 | €45,746 | -€15,671 | -25.5% |
| Trade debts | 44 | €12,919 | €6,985 | -€5,933 | -45.9% |
| Suppliers | 440/4 | €12,919 | €6,985 | -€5,933 | -45.9% |
| Taxes, remuneration and social security | 45 | €45,933 | €3,750 | -€42,183 | -91.8% |
| Taxes | 450/3 | €45,933 | €3,750 | -€42,183 | -91.8% |
| Other amounts payable | 47/48 | €2,565 | €35,011 | +€32,446 | +1,265% |
| Non-recurring operating income | 76A | - | €2,187 | +€2,187 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €48,503 | €66,453 | +€17,950 | +37.0% |
| Other operating charges | 640/8 | €4,170 | €4,790 | +€620 | +14.9% |
| Non-recurring operating charges | 66A | - | €8,340 | +€8,340 | |
| Gross operating margin | 9900 | -€302,625 | €242,839 | +€545,465 | |
| Operating profit (loss) | 9901 | -€355,298 | €163,256 | +€518,555 | |
| Financial income | 75/76B | €24,685,135 | €430,766 | -€24.3m | -98.3% |
| Recurring financial income | 75 | €24,685,135 | €430,766 | -€24.3m | -98.3% |
| Financial charges | 65/66B | €331 | €174 | -€157 | -47.4% |
| Recurring financial charges | 65 | €331 | €174 | -€157 | -47.4% |
| Profit (loss) for the period before taxes | 9903 | €24,329,506 | €593,848 | -€23.7m | -97.6% |
| Income taxes | 67/77 | €108,579 | €148,700 | +€40,121 | +37.0% |
| Profit (loss) for the period | 9904 | €24,220,927 | €445,148 | -€23.8m | -98.2% |
| Transfer from tax-exempt reserves | 789 | - | €399,950 | +€399,950 | |
| Transfer to tax-exempt reserves | 689 | - | €126,300 | +€126,300 | |
| Profit (loss) for the period to be appropriated | 9905 | €24,220,927 | €718,798 | -€23.5m | -97.0% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 20 October 2026 via checked.be.