SOLID: what changed
SOLID
Largest movements
- Receivables within one year +€492,511
up €492,511 (+64.2%), from €767,243 to €1.3m
of which Trade receivables: +€465,749
- Cash +€306,243
up €306,243 (+45.9%), from €666,530 to €972,773
mainly Trade debts (+€812,264) and Net result for the year (+€37,303)
- Trade debts +€812,264
up €812,264 (+73.5%), from €1.1m to €1.9m
- Tax, wage and social debts -€47,614
down €47,614 (-43.2%), from €110,201 to €62,587
- Reserves +€37,303
up €37,303 (+23.1%), from €161,500 to €198,803
of which Distributable reserves: +€37,303
- Gross operating margin -€178,519
down €178,519 (-74.6%), from €239,252 to €60,733
- Staff costs -€129,039
down €129,039 (-90.8%), from €142,143 to €13,104
- Other operating charges -€19,900
down €19,900 (-94.1%), from €21,138 to €1,238
- Taxes -€16,694
down €16,694 (-69.0%), from €24,207 to €7,513
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,438,457 | €2,240,410 | +€801,953 | +55.8% |
| Current assets | 29/58 | €1,438,457 | €2,240,410 | +€801,953 | +55.8% |
| Amounts receivable within one year | 40/41 | €767,243 | €1,259,754 | +€492,511 | +64.2% |
| Trade receivables | 40 | €684,370 | €1,150,119 | +€465,749 | +68.1% |
| Other amounts receivable | 41 | €82,873 | €109,635 | +€26,762 | +32.3% |
| Cash at bank and in hand | 54/58 | €666,530 | €972,773 | +€306,243 | +45.9% |
| Deferred charges and accrued income | 490/1 | €4,684 | €7,883 | +€3,199 | +68.3% |
| Total equity and liabilities | 10/49 | €1,438,457 | €2,240,410 | +€801,953 | +55.8% |
| Equity | 10/15 | €223,500 | €260,803 | +€37,303 | +16.7% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €161,500 | €198,803 | +€37,303 | +23.1% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Distributable reserves | 133 | €155,300 | €192,603 | +€37,303 | +24.0% |
| Amounts payable | 17/49 | €1,214,957 | €1,979,607 | +€764,650 | +62.9% |
| Amounts payable within one year | 42/48 | €1,214,957 | €1,979,607 | +€764,650 | +62.9% |
| Trade debts | 44 | €1,104,756 | €1,917,020 | +€812,264 | +73.5% |
| Suppliers | 440/4 | €1,104,756 | €1,917,020 | +€812,264 | +73.5% |
| Taxes, remuneration and social security | 45 | €110,201 | €62,587 | -€47,614 | -43.2% |
| Taxes | 450/3 | €110,201 | €62,587 | -€47,614 | -43.2% |
| Remuneration, social security and pensions | 62 | €142,143 | €13,104 | -€129,039 | -90.8% |
| Other operating charges | 640/8 | €21,138 | €1,238 | -€19,900 | -94.1% |
| Non-recurring operating charges | 66A | €7,233 | €19 | -€7,214 | -99.7% |
| Gross operating margin | 9900 | €239,252 | €60,733 | -€178,519 | -74.6% |
| Operating profit (loss) | 9901 | €68,738 | €46,372 | -€22,366 | -32.5% |
| Financial charges | 65/66B | €1,093 | €1,556 | +€463 | +42.4% |
| Recurring financial charges | 65 | €1,093 | €1,556 | +€463 | +42.4% |
| Profit (loss) for the period before taxes | 9903 | €67,645 | €44,816 | -€22,829 | -33.7% |
| Income taxes | 67/77 | €24,207 | €7,513 | -€16,694 | -69.0% |
| Profit (loss) for the period | 9904 | €43,438 | €37,303 | -€6,135 | -14.1% |
| Profit (loss) for the period to be appropriated | 9905 | €43,438 | €37,303 | -€6,135 | -14.1% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 3 November 2026 via checked.be.