Solyth: 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.
Solyth
Largest movements
- Stocks and contracts +€146,276
new in 2025: €146,276
- Tangible fixed assets +€39,274
up €39,274 (+136%), from €28,968 to €68,243
- Receivables within one year -€20,097
down €20,097 (-69.4%), from €28,959 to €8,861
of which Trade receivables: -€20,097
- Cash -€17,421
down €17,421 (-15.4%), from €113,132 to €95,710
mainly Stocks and contracts (-€146,276) and Investment in fixed assets (net) (-€55,020)
- Reserves +€46,637
up €46,637 (+47.0%), from €99,278 to €145,915
- Other debts +€41,609
up €41,609 (+1,948%), from €2,136 to €43,746
- Debts after one year +€27,146
up €27,146 (+139%), from €19,517 to €46,662
- Current portion of long-term debt +€25,358
up €25,358 (+425%), from €5,968 to €31,326
- Trade debts +€5,181
up €5,181 (+113%), from €4,567 to €9,748
- Gross operating margin -€37,101
down €37,101 (-32.0%), from €115,951 to €78,850
- Taxes -€9,779
down €9,779 (-43.9%), from €22,273 to €12,494
- Depreciation +€8,446
up €8,446 (+116%), from €7,299 to €15,746
- Financial charges +€2,028
up €2,028 (+160%), from €1,269 to €3,296
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 | €173,044 | €319,140 | +€146,096 | +84.4% |
| Fixed assets | 21/28 | €28,968 | €68,243 | +€39,274 | +136% |
| Tangible fixed assets | 22/27 | €28,968 | €68,243 | +€39,274 | +136% |
| Furniture and vehicles | 24 | €28,968 | €68,243 | +€39,274 | +136% |
| Current assets | 29/58 | €144,076 | €250,897 | +€106,821 | +74.1% |
| Stocks and contracts in progress | 3 | - | €146,276 | +€146,276 | |
| Stocks | 30/36 | - | €146,276 | +€146,276 | |
| Amounts receivable within one year | 40/41 | €28,959 | €8,861 | -€20,097 | -69.4% |
| Trade receivables | 40 | €28,959 | €8,861 | -€20,097 | -69.4% |
| Other amounts receivable | 41 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €113,132 | €95,710 | -€17,421 | -15.4% |
| Deferred charges and accrued income | 490/1 | €1,986 | €50 | -€1,936 | -97.5% |
| Total equity and liabilities | 10/49 | €173,044 | €319,140 | +€146,096 | +84.4% |
| Equity | 10/15 | €101,278 | €147,915 | +€46,637 | +46.0% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €99,278 | €145,915 | +€46,637 | +47.0% |
| Distributable reserves | 133 | €99,278 | €145,915 | +€46,637 | +47.0% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €71,766 | €171,225 | +€99,459 | +139% |
| Amounts payable after more than one year | 17 | €19,517 | €46,662 | +€27,146 | +139% |
| Financial debts | 170/4 | €19,517 | €46,662 | +€27,146 | +139% |
| Amounts payable within one year | 42/48 | €51,754 | €124,083 | +€72,329 | +140% |
| Current portion of amounts payable after more than one year | 42 | €5,968 | €31,326 | +€25,358 | +425% |
| Trade debts | 44 | €4,567 | €9,748 | +€5,181 | +113% |
| Suppliers | 440/4 | €4,567 | €9,748 | +€5,181 | +113% |
| Taxes, remuneration and social security | 45 | €39,082 | €39,262 | +€181 | +0.5% |
| Taxes | 450/3 | €37,658 | €39,262 | +€1,605 | +4.3% |
| Remuneration and social security | 454/9 | €1,424 | €0 | -€1,424 | -100% |
| Other amounts payable | 47/48 | €2,136 | €43,746 | +€41,609 | +1,948% |
| Accrued charges and deferred income | 492/3 | €496 | €480 | -€16 | -3.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,299 | €15,746 | +€8,446 | +116% |
| Other operating charges | 640/8 | €244 | €678 | +€434 | +178% |
| Gross operating margin | 9900 | €115,951 | €78,850 | -€37,101 | -32.0% |
| Operating profit (loss) | 9901 | €108,408 | €62,427 | -€45,981 | -42.4% |
| Financial income | 75/76B | €0 | €1 | +€1 | |
| Recurring financial income | 75 | €0 | €1 | +€1 | |
| Financial charges | 65/66B | €1,269 | €3,296 | +€2,028 | +160% |
| Recurring financial charges | 65 | €1,269 | €3,296 | +€2,028 | +160% |
| Profit (loss) for the period before taxes | 9903 | €107,140 | €59,131 | -€48,009 | -44.8% |
| Income taxes | 67/77 | €22,273 | €12,494 | -€9,779 | -43.9% |
| Profit (loss) for the period | 9904 | €84,867 | €46,637 | -€38,230 | -45.0% |
| Profit (loss) for the period to be appropriated | 9905 | €84,867 | €46,637 | -€38,230 | -45.0% |
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 17 October 2026 via checked.be.