VAN & SOL: 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.
VAN & SOL
Largest movements
- Tangible fixed assets +€10,654
up €10,654 (+28.6%), from €37,247 to €47,902
of which Furniture and vehicles: +€31,902
- Cash +€6,766
up €6,766 (+71.6%), from €9,445 to €16,212
mainly Debts after one year (+€19,641) and Depreciation (+€9,459)
- Receivables within one year -€2,353
down €2,353 (-43.3%), from €5,441 to €3,087
of which Trade receivables: -€1,370
- Deferred charges and accrued income -€1,492
down €1,492 (-21.1%), from €7,057 to €5,565
- Debts after one year +€19,641
up €19,641 (+294.4%), from €6,672 to €26,314
- Other debts -€7,325
down €7,325 (-41.0%), from €17,880 to €10,554
- Current portion of long-term debt +€4,404
up €4,404 (+147.7%), from €2,982 to €7,386
- Tax, wage and social debts -€1,704
down €1,704 (-22.8%), from €7,480 to €5,776
- Trade debts -€1,422
down €1,422 (-71.1%), from €2,000 to €578
- Gross operating margin -€11,641
down €11,641 (-38.2%), from €30,461 to €18,820
- Depreciation +€8,340
up €8,340 (+744.9%), from €1,120 to €9,459
- Financial charges +€5,227
up €5,227 (+675.8%), from €773 to €6,000
of which Non-recurring financial charges: +€4,494
- Taxes -€4,219
down €4,219 (-70.3%), from €6,002 to €1,783
- Other operating charges +€318
up €318 (+71.5%), from €445 to €764
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 | €59,490 | €73,066 | +€13,576 | +22.8% |
| Fixed assets | 21/28 | €37,547 | €48,202 | +€10,654 | +28.4% |
| Tangible fixed assets | 22/27 | €37,247 | €47,902 | +€10,654 | +28.6% |
| Plant, machinery and equipment | 23 | €559 | €334 | -€225 | -40.2% |
| Furniture and vehicles | 24 | €15,665 | €47,568 | +€31,902 | +203.6% |
| Other tangible fixed assets | 26 | €21,023 | €0 | -€21,023 | -100.0% |
| Financial fixed assets | 28 | €300 | €300 | = | 0.0% |
| Current assets | 29/58 | €21,943 | €24,864 | +€2,921 | +13.3% |
| Amounts receivable within one year | 40/41 | €5,441 | €3,087 | -€2,353 | -43.3% |
| Trade receivables | 40 | €2,000 | €630 | -€1,370 | -68.5% |
| Other amounts receivable | 41 | €3,441 | €2,457 | -€984 | -28.6% |
| Cash at bank and in hand | 54/58 | €9,445 | €16,212 | +€6,766 | +71.6% |
| Deferred charges and accrued income | 490/1 | €7,057 | €5,565 | -€1,492 | -21.1% |
| Total equity and liabilities | 10/49 | €59,490 | €73,066 | +€13,576 | +22.8% |
| Equity | 10/15 | €22,476 | €22,457 | -€18 | -0.1% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €12,476 | €12,457 | -€18 | -0.1% |
| Amounts payable | 17/49 | €37,014 | €50,608 | +€13,594 | +36.7% |
| Amounts payable after more than one year | 17 | €6,672 | €26,314 | +€19,641 | +294.4% |
| Financial debts | 170/4 | €6,672 | €26,314 | +€19,641 | +294.4% |
| Amounts payable within one year | 42/48 | €30,342 | €24,294 | -€6,047 | -19.9% |
| Current portion of amounts payable after more than one year | 42 | €2,982 | €7,386 | +€4,404 | +147.7% |
| Trade debts | 44 | €2,000 | €578 | -€1,422 | -71.1% |
| Suppliers | 440/4 | €2,000 | €578 | -€1,422 | -71.1% |
| Taxes, remuneration and social security | 45 | €7,480 | €5,776 | -€1,704 | -22.8% |
| Taxes | 450/3 | €7,480 | €5,776 | -€1,704 | -22.8% |
| Other amounts payable | 47/48 | €17,880 | €10,554 | -€7,325 | -41.0% |
| Remuneration, social security and pensions | 62 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,120 | €9,459 | +€8,340 | +744.9% |
| Other operating charges | 640/8 | €445 | €764 | +€318 | +71.5% |
| Gross operating margin | 9900 | €30,461 | €18,820 | -€11,641 | -38.2% |
| Operating profit (loss) | 9901 | €28,896 | €8,598 | -€20,299 | -70.2% |
| Financial income | 75/76B | €11 | €0 | -€11 | -100.0% |
| Recurring financial income | 75 | €11 | €0 | -€11 | -100.0% |
| Financial charges | 65/66B | €773 | €6,000 | +€5,227 | +675.8% |
| Recurring financial charges | 65 | €773 | €1,506 | +€733 | +94.7% |
| Non-recurring financial charges | 66B | - | €4,494 | +€4,494 | |
| Profit (loss) for the period before taxes | 9903 | €28,134 | €2,598 | -€25,536 | -90.8% |
| Income taxes | 67/77 | €6,002 | €1,783 | -€4,219 | -70.3% |
| Profit (loss) for the period | 9904 | €22,132 | €815 | -€21,317 | -96.3% |
| Profit (loss) for the period to be appropriated | 9905 | €22,132 | €815 | -€21,317 | -96.3% |
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 30 September 2026 via checked.be.