Solvus: 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.
What changed
Solvus
NACE 78.100, Employment placement agencies
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€411,724
2024 · €453,411-€41,687
Equity
€2.2m
2024 · €1.8m+€411,724
Cash
€751
2024 · €1,887-€1,136
Balance sheet total
€56.7m
2024 · €54.9m+€1.8m
Largest movements
Assets
- Receivables within one year +€2.3m
up €2.3m (+4.4%), from €53.3m to €55.6m
of which Other amounts receivable: +€6.7m
Equity and liabilities
- Trade debts +€2.6m
up €2.6m (+5.4%), from €48.7m to €51.4m
- Other debts -€1.3m
no longer reported in 2025 (was €1.3m)
Income statement
- Turnover +€4.6m
up €4.6m (+1.4%), from €325.1m to €329.7m
- Services and other goods +€4.3m
up €4.3m (+1.4%), from €313.6m to €317.9m
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.
Result 2024
€453,411
Turnover
+€4.6m
Other operating income
-€880,546
Services and other goods
-€4.3m
Staff costs
+€392,592
Depreciation
+€4,264
Write-downs
-€3,301
Other operating charges
+€5,861
Other operating items
-€5,438
Financial income
+€31,404
Financial charges
-€23,135
Taxes
+€114,862
Result 2025
€411,724
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.
From operations
+€11,791
Investment
-€12,928
Financing
€0
Cash 2024
€1,887
From operations (derived)
+€11,791
Net result for the year
+€411,724
Depreciation
+€60,654
Receivables within one year
-€2.3m
Deferred charges and accrued income
+€489,485
Trade debts
+€2.6m
Tax, wage and social debts
-€13,513
Other debts
-€1.3m
Accrued charges and deferred income
+€96,503
Investment (derived)
-€12,928
Investment in fixed assets (net)
-€12,928
Cash 2025
€751
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €54,905,892 | €56,706,890 | +€1.8m | +3.3% |
| Fixed assets | 21/28 | €106,218 | €58,492 | -€47,726 | -44.9% |
| Intangible fixed assets | 21 | €10,595 | €6,397 | -€4,198 | -39.6% |
| Tangible fixed assets | 22/27 | €88,715 | €45,187 | -€43,528 | -49.1% |
| Furniture and vehicles | 24 | €4,285 | €3,332 | -€952 | -22.2% |
| Other tangible fixed assets | 26 | €84,431 | €41,855 | -€42,576 | -50.4% |
| Financial fixed assets | 28 | €6,908 | €6,908 | = | 0.0% |
| Other financial fixed assets | 284/8 | €6,908 | €6,908 | = | 0.0% |
| Amounts receivable and cash guarantees | 285/8 | €6,908 | €6,908 | = | 0.0% |
| Current assets | 29/58 | €54,799,674 | €56,648,398 | +€1.8m | +3.4% |
| Amounts receivable within one year | 40/41 | €53,267,473 | €55,606,819 | +€2.3m | +4.4% |
| Trade receivables | 40 | €53,267,473 | €48,907,137 | -€4.4m | -8.2% |
| Other amounts receivable | 41 | - | €6,699,682 | +€6.7m | |
| Cash at bank and in hand | 54/58 | €1,887 | €751 | -€1,136 | -60.2% |
| Deferred charges and accrued income | 490/1 | €1,530,314 | €1,040,828 | -€489,485 | -32.0% |
| Total equity and liabilities | 10/49 | €54,905,892 | €56,706,890 | +€1.8m | +3.3% |
| Equity | 10/15 | €1,789,822 | €2,201,546 | +€411,724 | +23.0% |
| Contributions | 10/11 | €662,405 | €662,405 | = | 0.0% |
| Capital | 10 | €662,405 | €662,405 | = | 0.0% |
| Issued capital | 100 | €662,405 | €662,405 | = | 0.0% |
| Reserves | 13 | €66,241 | €66,241 | = | 0.0% |
| Non-distributable reserves | 130/1 | €66,241 | €66,241 | = | 0.0% |
| Legal reserve | 130 | €66,241 | €66,241 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,061,176 | €1,472,900 | +€411,724 | +38.8% |
| Amounts payable | 17/49 | €53,116,070 | €54,505,344 | +€1.4m | +2.6% |
| Amounts payable within one year | 42/48 | €52,610,804 | €53,903,575 | +€1.3m | +2.5% |
| Trade debts | 44 | €48,727,755 | €51,361,627 | +€2.6m | +5.4% |
| Suppliers | 440/4 | €48,727,755 | €51,361,627 | +€2.6m | +5.4% |
| Taxes, remuneration and social security | 45 | €2,555,460 | €2,541,948 | -€13,513 | -0.5% |
| Taxes | 450/3 | €688,617 | €674,359 | -€14,258 | -2.1% |
| Remuneration and social security | 454/9 | €1,866,844 | €1,867,589 | +€745 | 0.0% |
| Other amounts payable | 47/48 | €1,327,589 | - | -€1.3m | |
| Accrued charges and deferred income | 492/3 | €505,266 | €601,769 | +€96,503 | +19.1% |
| Operating income | 70/76A | €327,408,743 | €331,158,173 | +€3.7m | +1.1% |
| Turnover | 70 | €325,056,784 | €329,692,197 | +€4.6m | +1.4% |
| Other operating income | 74 | €2,346,521 | €1,465,976 | -€880,546 | -37.5% |
| Non-recurring operating income | 76A | €5,438 | - | -€5,438 | |
| Operating charges | 60/66A | €326,279,819 | €330,194,067 | +€3.9m | +1.2% |
| Services and other goods | 61 | €313,594,537 | €317,908,200 | +€4.3m | +1.4% |
| Remuneration, social security and pensions | 62 | €12,522,398 | €12,129,806 | -€392,592 | -3.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €64,918 | €60,654 | -€4,264 | -6.6% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€5,101 | -€1,800 | +€3,301 | +64.7% |
| Other operating charges | 640/8 | €103,067 | €97,207 | -€5,861 | -5.7% |
| Operating profit (loss) | 9901 | €1,128,924 | €964,106 | -€164,818 | -14.6% |
| Financial income | 75/76B | €78,276 | €109,680 | +€31,404 | +40.1% |
| Recurring financial income | 75 | €78,276 | €109,680 | +€31,404 | +40.1% |
| Income from current assets | 751 | €77,968 | €109,680 | +€31,713 | +40.7% |
| Other financial income | 752/9 | €309 | €0 | -€309 | -100.0% |
| Financial charges | 65/66B | €148,651 | €171,786 | +€23,135 | +15.6% |
| Recurring financial charges | 65 | €148,651 | €171,786 | +€23,135 | +15.6% |
| Debt charges | 650 | €132,866 | €154,559 | +€21,693 | +16.3% |
| Other financial charges | 652/9 | €15,785 | €17,228 | +€1,442 | +9.1% |
| Profit (loss) for the period before taxes | 9903 | €1,058,550 | €902,000 | -€156,549 | -14.8% |
| Income taxes | 67/77 | €605,139 | €490,277 | -€114,862 | -19.0% |
| Taxes | 670/3 | €605,139 | €538,377 | -€66,762 | -11.0% |
| Tax adjustments and reversals of tax provisions | 77 | - | €48,101 | +€48,101 | |
| Profit (loss) for the period | 9904 | €453,411 | €411,724 | -€41,687 | -9.2% |
| Profit (loss) for the period to be appropriated | 9905 | €453,411 | €411,724 | -€41,687 | -9.2% |
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 3 October 2026 via checked.be.