THE SOLO PROJECT: 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.
THE SOLO PROJECT
Largest movements
- Tangible fixed assets -€2,604
down €2,604 (-50.0%), from €5,208 to €2,604
- Receivables within one year +€348
up €348 (+14.5%), from €2,394 to €2,742
- Other debts +€55,691
up €55,691 (+17.5%), from €319,079 to €374,770
- Trade debts -€33,159
no longer reported in 2023 (was €33,159)
- Profit (loss) carried forward -€21,416
down €21,416 (-1.9%), from -€1.2m to -€1.2m
- Tax, wage and social debts -€3,356
down €3,356 (-63.4%), from €5,290 to €1,934
- Gross operating margin +€12,837
up €12,837 (+81.3%), from -€15,781 to -€2,943
- Financial charges -€11,701
down €11,701 (-52.7%), from €22,195 to €10,494
- Other operating charges +€3,487
up €3,487 (+185%), from €1,889 to €5,375
From the 2022 result to the 2023 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 2022 and 2023 balance sheets and the 2023 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2022 | 2023 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €8,363 | €6,123 | -€2,240 | -26.8% |
| Fixed assets | 21/28 | €5,208 | €2,604 | -€2,604 | -50.0% |
| Tangible fixed assets | 22/27 | €5,208 | €2,604 | -€2,604 | -50.0% |
| Plant, machinery and equipment | 23 | €5,208 | €2,604 | -€2,604 | -50.0% |
| Current assets | 29/58 | €3,155 | €3,519 | +€364 | +11.5% |
| Amounts receivable within one year | 40/41 | €2,394 | €2,742 | +€348 | +14.5% |
| Other amounts receivable | 41 | €2,394 | €2,742 | +€348 | +14.5% |
| Cash at bank and in hand | 54/58 | €761 | €777 | +€16 | +2.2% |
| Total equity and liabilities | 10/49 | €8,363 | €6,123 | -€2,240 | -26.8% |
| Equity | 10/15 | -€1,135,834 | -€1,157,250 | -€21,416 | -1.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Contributions outside capital | 11 | €18,600 | €18,600 | = | 0.0% |
| Other | 1109/19 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€1,156,294 | -€1,177,710 | -€21,416 | -1.9% |
| Amounts payable | 17/49 | €1,144,197 | €1,163,373 | +€19,176 | +1.7% |
| Amounts payable after more than one year | 17 | €780,000 | €780,000 | = | 0.0% |
| Other amounts payable | 178/9 | €780,000 | €780,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €357,528 | €376,704 | +€19,176 | +5.4% |
| Trade debts | 44 | €33,159 | - | -€33,159 | |
| Suppliers | 440/4 | €33,159 | - | -€33,159 | |
| Taxes, remuneration and social security | 45 | €5,290 | €1,934 | -€3,356 | -63.4% |
| Taxes | 450/3 | €5,290 | €1,934 | -€3,356 | -63.4% |
| Other amounts payable | 47/48 | €319,079 | €374,770 | +€55,691 | +17.5% |
| Accrued charges and deferred income | 492/3 | €6,669 | €6,669 | = | 0.0% |
| Non-recurring operating income | 76A | - | €16,045 | +€16,045 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,604 | €2,604 | = | 0.0% |
| Other operating charges | 640/8 | €1,889 | €5,375 | +€3,487 | +185% |
| Gross operating margin | 9900 | -€15,781 | -€2,943 | +€12,837 | +81.3% |
| Operating profit (loss) | 9901 | -€20,273 | -€10,922 | +€9,351 | +46.1% |
| Financial charges | 65/66B | €22,195 | €10,494 | -€11,701 | -52.7% |
| Recurring financial charges | 65 | €22,195 | €10,494 | -€11,701 | -52.7% |
| Profit (loss) for the period before taxes | 9903 | -€42,468 | -€21,416 | +€21,052 | +49.6% |
| Profit (loss) for the period | 9904 | -€42,468 | -€21,416 | +€21,052 | +49.6% |
| Profit (loss) for the period to be appropriated | 9905 | -€42,468 | -€21,416 | +€21,052 | +49.6% |
Source: filed annual accounts (NBB), financial years ended 31 December 2022 and 31 December 2023. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 22 October 2026 via checked.be.