Solvotec: 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.
Solvotec
Largest movements
- Cash -€80,604
down €80,604 (-78.0%), from €103,350 to €22,747
mainly Contributions, distributions and other (-€169,429) and Investment in fixed assets (net) (-€32,087)
- Tangible fixed assets +€26,543
up €26,543 (+210%), from €12,648 to €39,191
of which Other tangible fixed assets: +€25,310
- Receivables within one year -€17,853
down €17,853 (-35.8%), from €49,894 to €32,042
of which Other amounts receivable: -€25,040
- Reserves -€124,086
no longer reported in 2025 (was €124,086)
- Other debts +€45,343
new in 2025: €45,343
- Advances received +€19,505
new in 2025: €19,505
- Tax, wage and social debts -€12,175
down €12,175 (-35.5%), from €34,310 to €22,135
- Depreciation +€2,693
up €2,693 (+94.5%), from €2,850 to €5,544
- Financial income +€1,865
up €1,865 (+192%), from €972 to €2,837
- Gross operating margin +€1,574
up €1,574 (+2.6%), from €59,956 to €61,531
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 | €166,048 | €94,138 | -€71,910 | -43.3% |
| Fixed assets | 21/28 | €12,648 | €39,191 | +€26,543 | +210% |
| Tangible fixed assets | 22/27 | €12,648 | €39,191 | +€26,543 | +210% |
| Plant, machinery and equipment | 23 | €10,298 | €9,603 | -€694 | -6.7% |
| Furniture and vehicles | 24 | €2,350 | €4,278 | +€1,928 | +82.0% |
| Other tangible fixed assets | 26 | - | €25,310 | +€25,310 | |
| Current assets | 29/58 | €153,400 | €54,947 | -€98,453 | -64.2% |
| Amounts receivable within one year | 40/41 | €49,894 | €32,042 | -€17,853 | -35.8% |
| Trade receivables | 40 | €14,361 | €21,548 | +€7,187 | +50.0% |
| Other amounts receivable | 41 | €35,534 | €10,494 | -€25,040 | -70.5% |
| Cash at bank and in hand | 54/58 | €103,350 | €22,747 | -€80,604 | -78.0% |
| Deferred charges and accrued income | 490/1 | €155 | €158 | +€3 | +2.0% |
| Total equity and liabilities | 10/49 | €166,048 | €94,138 | -€71,910 | -43.3% |
| Equity | 10/15 | €128,086 | €4,000 | -€124,086 | -96.9% |
| Contributions | 10/11 | €4,000 | €4,000 | = | 0.0% |
| Reserves | 13 | €124,086 | - | -€124,086 | |
| Distributable reserves | 133 | €124,086 | - | -€124,086 | |
| Amounts payable | 17/49 | €37,961 | €90,138 | +€52,177 | +137% |
| Amounts payable within one year | 42/48 | €37,961 | €89,738 | +€51,777 | +136% |
| Trade debts | 44 | €3,651 | €2,755 | -€896 | -24.5% |
| Suppliers | 440/4 | €3,651 | €2,755 | -€896 | -24.5% |
| Advances received on contracts in progress | 46 | - | €19,505 | +€19,505 | |
| Taxes, remuneration and social security | 45 | €34,310 | €22,135 | -€12,175 | -35.5% |
| Taxes | 450/3 | €34,310 | €22,135 | -€12,175 | -35.5% |
| Other amounts payable | 47/48 | - | €45,343 | +€45,343 | |
| Accrued charges and deferred income | 492/3 | - | €400 | +€400 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,850 | €5,544 | +€2,693 | +94.5% |
| Other operating charges | 640/8 | €949 | €917 | -€32 | -3.3% |
| Gross operating margin | 9900 | €59,956 | €61,531 | +€1,574 | +2.6% |
| Operating profit (loss) | 9901 | €56,157 | €55,070 | -€1,088 | -1.9% |
| Financial income | 75/76B | €972 | €2,837 | +€1,865 | +192% |
| Recurring financial income | 75 | €972 | €2,837 | +€1,865 | +192% |
| Financial charges | 65/66B | €592 | €467 | -€125 | -21.1% |
| Recurring financial charges | 65 | €592 | €467 | -€125 | -21.1% |
| Profit (loss) for the period before taxes | 9903 | €56,538 | €57,440 | +€902 | +1.6% |
| Income taxes | 67/77 | €12,372 | €12,097 | -€275 | -2.2% |
| Profit (loss) for the period | 9904 | €44,166 | €45,343 | +€1,177 | +2.7% |
| Profit (loss) for the period to be appropriated | 9905 | €44,166 | €45,343 | +€1,177 | +2.7% |
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.