Solvitad: 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.
Solvitad
Largest movements
- Financial fixed assets +€82,932
up €82,932 (+49.1%), from €169,000 to €251,932
- Receivables after one year -€34,963
down €34,963 (-62.8%), from €55,710 to €20,747
- Receivables within one year +€34,017
up €34,017 (+99.2%), from €34,290 to €68,307
of which Trade receivables: +€46,818
- Tangible fixed assets -€20,185
down €20,185 (-18.4%), from €109,710 to €89,525
of which Leasing and similar rights: -€25,983
- Cash -€19,075
down €19,075 (-41.8%), from €45,604 to €26,529
mainly Contributions, distributions and other (-€101,666) and Investment in fixed assets (net) (-€89,787)
- Other debts +€69,606
up €69,606 (+398%), from €17,494 to €87,101
- Debts after one year -€28,124
down €28,124 (-33.7%), from €83,359 to €55,236
- Short-term financial debts -€12,081
down €12,081 (-47.2%), from €25,602 to €13,522
- Reserves +€11,150
up €11,150 (+5.2%), from €215,648 to €226,799
- Gross operating margin -€13,442
down €13,442 (-6.6%), from €202,354 to €188,912
- Depreciation +€6,510
up €6,510 (+31.7%), from €20,530 to €27,040
- Taxes -€5,018
down €5,018 (-11.3%), from €44,411 to €39,392
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €419,010 | €460,030 | +€41,019 | +9.8% |
| Fixed assets | 21/28 | €278,710 | €341,457 | +€62,747 | +22.5% |
| Tangible fixed assets | 22/27 | €109,710 | €89,525 | -€20,185 | -18.4% |
| Plant, machinery and equipment | 23 | €916 | €3,502 | +€2,586 | +282% |
| Furniture and vehicles | 24 | - | €3,212 | +€3,212 | |
| Leasing and similar rights | 25 | €108,794 | €82,811 | -€25,983 | -23.9% |
| Financial fixed assets | 28 | €169,000 | €251,932 | +€82,932 | +49.1% |
| Current assets | 29/58 | €140,301 | €118,573 | -€21,728 | -15.5% |
| Amounts receivable after more than one year | 29 | €55,710 | €20,747 | -€34,963 | -62.8% |
| Other amounts receivable | 291 | €55,710 | €20,747 | -€34,963 | -62.8% |
| Amounts receivable within one year | 40/41 | €34,290 | €68,307 | +€34,017 | +99.2% |
| Trade receivables | 40 | €7,803 | €54,620 | +€46,818 | +600% |
| Other amounts receivable | 41 | €26,487 | €13,686 | -€12,801 | -48.3% |
| Cash at bank and in hand | 54/58 | €45,604 | €26,529 | -€19,075 | -41.8% |
| Deferred charges and accrued income | 490/1 | €4,696 | €2,990 | -€1,706 | -36.3% |
| Total equity and liabilities | 10/49 | €419,010 | €460,030 | +€41,019 | +9.8% |
| Equity | 10/15 | €234,248 | €245,399 | +€11,150 | +4.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €215,648 | €226,799 | +€11,150 | +5.2% |
| Distributable reserves | 133 | €215,648 | €226,799 | +€11,150 | +5.2% |
| Amounts payable | 17/49 | €184,762 | €214,631 | +€29,869 | +16.2% |
| Amounts payable after more than one year | 17 | €83,359 | €55,236 | -€28,124 | -33.7% |
| Financial debts | 170/4 | €83,359 | €55,236 | -€28,124 | -33.7% |
| Amounts payable within one year | 42/48 | €101,403 | €159,396 | +€57,993 | +57.2% |
| Current portion of amounts payable after more than one year | 42 | €29,429 | €27,211 | -€2,218 | -7.5% |
| Financial debts | 43 | €25,602 | €13,522 | -€12,081 | -47.2% |
| Credit institutions | 430/8 | €25,602 | €13,522 | -€12,081 | -47.2% |
| Trade debts | 44 | €4,946 | €4,332 | -€614 | -12.4% |
| Suppliers | 440/4 | €4,946 | €4,332 | -€614 | -12.4% |
| Taxes, remuneration and social security | 45 | €23,931 | €27,230 | +€3,299 | +13.8% |
| Taxes | 450/3 | €23,931 | €27,230 | +€3,299 | +13.8% |
| Other amounts payable | 47/48 | €17,494 | €87,101 | +€69,606 | +398% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €20,530 | €27,040 | +€6,510 | +31.7% |
| Other operating charges | 640/8 | €3,212 | €4,511 | +€1,299 | +40.5% |
| Gross operating margin | 9900 | €202,354 | €188,912 | -€13,442 | -6.6% |
| Operating profit (loss) | 9901 | €178,613 | €157,362 | -€21,252 | -11.9% |
| Financial income | 75/76B | €880 | €1,361 | +€480 | +54.6% |
| Recurring financial income | 75 | €880 | €1,361 | +€480 | +54.6% |
| Financial charges | 65/66B | €6,092 | €6,514 | +€422 | +6.9% |
| Recurring financial charges | 65 | €6,092 | €6,514 | +€422 | +6.9% |
| Profit (loss) for the period before taxes | 9903 | €173,402 | €152,209 | -€21,193 | -12.2% |
| Income taxes | 67/77 | €44,411 | €39,392 | -€5,018 | -11.3% |
| Profit (loss) for the period | 9904 | €128,991 | €112,816 | -€16,175 | -12.5% |
| Profit (loss) for the period to be appropriated | 9905 | €128,991 | €112,816 | -€16,175 | -12.5% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 20 October 2026 via checked.be.