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.
SOLVUS
Largest movements
- Cash +€1.9m
up €1.9m (+391.1%), from €482,765 to €2.4m
mainly Advances received (+€1.4m) and Receivables within one year (+€800,205)
- Receivables within one year -€800,205
down €800,205 (-86.4%), from €926,491 to €126,286
of which Trade receivables: -€806,998
- Advances received +€1.4m
up €1.4m (+2954.7%), from €46,026 to €1.4m
- Short-term financial debts -€600,000
down €600,000 (-100.0%), from €600,000 to €0
- Accrued charges and deferred income +€198,156
up €198,156 (+5260.2%), from €3,767 to €201,923
- Reserves +€70,841
up €70,841 (+21.3%), from €333,064 to €403,905
- Trade debts +€26,852
up €26,852 (+194.7%), from €13,795 to €40,646
- Financial income -€656,501
down €656,501 (-99.8%), from €657,820 to €1,319
- Staff costs +€109,078
up €109,078 (+116.6%), from €93,555 to €202,632
- Gross operating margin +€77,604
up €77,604 (+18.7%), from €414,430 to €492,034
- Financial charges +€12,201
up €12,201 (+26.6%), from €45,836 to €58,036
- Taxes -€10,041
down €10,041 (-14.4%), from €69,729 to €59,689
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 | €1,426,206 | €2,500,854 | +€1.1m | +75.4% |
| Fixed assets | 21/28 | €1,385 | €791 | -€594 | -42.9% |
| Tangible fixed assets | 22/27 | €1,385 | €587 | -€798 | -57.6% |
| Plant, machinery and equipment | 23 | €1,385 | €587 | -€798 | -57.6% |
| Financial fixed assets | 28 | - | €204 | +€204 | |
| Current assets | 29/58 | €1,424,821 | €2,500,063 | +€1.1m | +75.5% |
| Amounts receivable within one year | 40/41 | €926,491 | €126,286 | -€800,205 | -86.4% |
| Trade receivables | 40 | €925,426 | €118,428 | -€806,998 | -87.2% |
| Other amounts receivable | 41 | €1,064 | €7,858 | +€6,793 | +638.2% |
| Cash at bank and in hand | 54/58 | €482,765 | €2,371,093 | +€1.9m | +391.1% |
| Deferred charges and accrued income | 490/1 | €15,566 | €2,684 | -€12,882 | -82.8% |
| Total equity and liabilities | 10/49 | €1,426,206 | €2,500,854 | +€1.1m | +75.4% |
| Equity | 10/15 | €336,064 | €406,905 | +€70,841 | +21.1% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €333,064 | €403,905 | +€70,841 | +21.3% |
| Distributable reserves | 133 | €333,064 | €403,905 | +€70,841 | +21.3% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €1,090,142 | €2,093,949 | +€1.0m | +92.1% |
| Amounts payable within one year | 42/48 | €1,086,375 | €1,892,026 | +€805,651 | +74.2% |
| Financial debts | 43 | €600,000 | €0 | -€600,000 | -100.0% |
| Credit institutions | 430/8 | €600,000 | €0 | -€600,000 | -100.0% |
| Trade debts | 44 | €13,795 | €40,646 | +€26,852 | +194.7% |
| Suppliers | 440/4 | €13,795 | €40,646 | +€26,852 | +194.7% |
| Advances received on contracts in progress | 46 | €46,026 | €1,405,952 | +€1.4m | +2954.7% |
| Taxes, remuneration and social security | 45 | €72,554 | €91,428 | +€18,874 | +26.0% |
| Taxes | 450/3 | €72,523 | €78,060 | +€5,536 | +7.6% |
| Remuneration and social security | 454/9 | €31 | €13,369 | +€13,338 | +42955.7% |
| Other amounts payable | 47/48 | €354,000 | €354,000 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €3,767 | €201,923 | +€198,156 | +5260.2% |
| Remuneration, social security and pensions | 62 | €93,555 | €202,632 | +€109,078 | +116.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €638 | €798 | +€160 | +25.0% |
| Other operating charges | 640/8 | €198 | €1,358 | +€1,160 | +586.7% |
| Gross operating margin | 9900 | €414,430 | €492,034 | +€77,604 | +18.7% |
| Operating profit (loss) | 9901 | €320,040 | €287,247 | -€32,793 | -10.2% |
| Financial income | 75/76B | €657,820 | €1,319 | -€656,501 | -99.8% |
| Recurring financial income | 75 | €657,820 | €1,319 | -€656,501 | -99.8% |
| Financial charges | 65/66B | €45,836 | €58,036 | +€12,201 | +26.6% |
| Recurring financial charges | 65 | €45,836 | €58,036 | +€12,201 | +26.6% |
| Profit (loss) for the period before taxes | 9903 | €932,024 | €230,529 | -€701,495 | -75.3% |
| Income taxes | 67/77 | €69,729 | €59,689 | -€10,041 | -14.4% |
| Profit (loss) for the period | 9904 | €862,295 | €170,841 | -€691,454 | -80.2% |
| Profit (loss) for the period to be appropriated | 9905 | €862,295 | €170,841 | -€691,454 | -80.2% |
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 8 October 2026 via checked.be.