Solyth: what changed
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
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 | €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% |
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 5 November 2026 via checked.be.