SolVla: 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.
SolVla
Largest movements
- Current investments -€466,000
no longer reported in 2025 (was €466,000)
- Receivables within one year -€321,728
down €321,728 (-54.6%), from €589,644 to €267,916
of which Trade receivables: -€324,520
- Cash +€159,855
up €159,855 (+35.6%), from €448,729 to €608,583
mainly Depreciation (+€1.0m) and Current investments (+€466,000)
- Debts after one year -€647,681
down €647,681 (-9.7%), from €6.7m to €6.0m
- Current portion of long-term debt +€447,314
up €447,314 (+39.7%), from €1.1m to €1.6m
- Profit (loss) carried forward -€340,235
down €340,235 (-51.6%), from -€659,525 to -€999,760
- Gross operating margin +€328,929
up €328,929 (+39.9%), from €825,368 to €1.2m
- Depreciation +€211,372
up €211,372 (+25.5%), from €830,453 to €1.0m
- Financial charges +€122,675
up €122,675 (+35.2%), from €348,534 to €471,209
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 | €9,148,045 | €8,530,371 | -€617,674 | -6.8% |
| Formation expenses | 20 | €73 | - | -€73 | |
| Fixed assets | 21/28 | €7,528,247 | €7,565,633 | +€37,386 | +0.5% |
| Tangible fixed assets | 22/27 | €7,528,247 | €7,565,633 | +€37,386 | +0.5% |
| Plant, machinery and equipment | 23 | €7,528,247 | €7,565,633 | +€37,386 | +0.5% |
| Current assets | 29/58 | €1,619,726 | €964,738 | -€654,988 | -40.4% |
| Amounts receivable after more than one year | 29 | €79,133 | €59,019 | -€20,114 | -25.4% |
| Trade receivables | 290 | €79,133 | €59,019 | -€20,114 | -25.4% |
| Amounts receivable within one year | 40/41 | €589,644 | €267,916 | -€321,728 | -54.6% |
| Trade receivables | 40 | €588,714 | €264,194 | -€324,520 | -55.1% |
| Other amounts receivable | 41 | €930 | €3,722 | +€2,792 | +300% |
| Current investments | 50/53 | €466,000 | - | -€466,000 | |
| Cash at bank and in hand | 54/58 | €448,729 | €608,583 | +€159,855 | +35.6% |
| Deferred charges and accrued income | 490/1 | €36,220 | €29,220 | -€7,000 | -19.3% |
| Total equity and liabilities | 10/49 | €9,148,045 | €8,530,371 | -€617,674 | -6.8% |
| Equity | 10/15 | €630,447 | €276,700 | -€353,747 | -56.1% |
| Contributions | 10/11 | €1,112,930 | €1,112,930 | = | 0.0% |
| Reserves | 13 | €252 | €252 | = | 0.0% |
| Distributable reserves | 133 | €252 | €252 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€659,525 | -€999,760 | -€340,235 | -51.6% |
| Investment grants | 15 | €176,791 | €163,278 | -€13,513 | -7.6% |
| Amounts payable | 17/49 | €8,517,597 | €8,253,671 | -€263,927 | -3.1% |
| Amounts payable after more than one year | 17 | €6,671,696 | €6,024,015 | -€647,681 | -9.7% |
| Financial debts | 170/4 | €6,671,696 | €6,024,015 | -€647,681 | -9.7% |
| Amounts payable within one year | 42/48 | €1,579,126 | €1,975,924 | +€396,798 | +25.1% |
| Current portion of amounts payable after more than one year | 42 | €1,125,790 | €1,573,104 | +€447,314 | +39.7% |
| Trade debts | 44 | €368,288 | €384,795 | +€16,507 | +4.5% |
| Suppliers | 440/4 | €368,288 | €384,795 | +€16,507 | +4.5% |
| Taxes, remuneration and social security | 45 | €85,049 | €18,026 | -€67,023 | -78.8% |
| Taxes | 450/3 | €85,049 | €18,026 | -€67,023 | -78.8% |
| Accrued charges and deferred income | 492/3 | €266,775 | €253,731 | -€13,044 | -4.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €830,453 | €1,041,825 | +€211,372 | +25.5% |
| Other operating charges | 640/8 | €6,236 | €1,143 | -€5,093 | -81.7% |
| Gross operating margin | 9900 | €825,368 | €1,154,297 | +€328,929 | +39.9% |
| Operating profit (loss) | 9901 | -€11,321 | €111,330 | +€122,651 | |
| Financial income | 75/76B | €19,440 | €19,644 | +€205 | +1.1% |
| Recurring financial income | 75 | €19,440 | €19,644 | +€205 | +1.1% |
| Financial charges | 65/66B | €348,534 | €471,209 | +€122,675 | +35.2% |
| Recurring financial charges | 65 | €348,534 | €471,209 | +€122,675 | +35.2% |
| Profit (loss) for the period before taxes | 9903 | -€340,416 | -€340,235 | +€181 | +0.1% |
| Profit (loss) for the period | 9904 | -€340,416 | -€340,235 | +€181 | +0.1% |
| Profit (loss) for the period to be appropriated | 9905 | -€340,416 | -€340,235 | +€181 | +0.1% |
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 15 October 2026 via checked.be.