SOLID: 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.
SOLID
Largest movements
- Receivables within one year +€34,654
up €34,654 (+42.7%), from €81,149 to €115,803
of which Trade receivables: +€34,654
- Tangible fixed assets -€19,396
down €19,396 (-2.6%), from €748,361 to €728,964
of which Land and buildings: -€22,332
- Reserves +€76,540
up €76,540 (+13.1%), from €585,404 to €661,944
of which Distributable reserves: +€103,677
- Debts after one year -€57,303
down €57,303 (-14.3%), from €401,437 to €344,134
- Accrued charges and deferred income +€22,554
up €22,554 (+98.4%), from €22,922 to €45,476
- Tax, wage and social debts -€21,609
down €21,609 (-50.3%), from €42,959 to €21,349
- Gross operating margin +€27,729
up €27,729 (+14.6%), from €190,042 to €217,771
- Taxes +€13,289
up €13,289 (+35.2%), from €37,780 to €51,069
- Financial charges +€11,131
up €11,131 (+22.0%), from €50,587 to €61,717
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.
Derived cash bridge
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 | €1,860,627 | €1,879,456 | +€18,829 | +1.0% |
| Fixed assets | 21/28 | €1,748,361 | €1,728,964 | -€19,396 | -1.1% |
| Tangible fixed assets | 22/27 | €748,361 | €728,964 | -€19,396 | -2.6% |
| Land and buildings | 22 | €741,796 | €719,464 | -€22,332 | -3.0% |
| Plant, machinery and equipment | 23 | €1,916 | €1,126 | -€790 | -41.2% |
| Furniture and vehicles | 24 | €4,649 | €8,374 | +€3,725 | +80.1% |
| Financial fixed assets | 28 | €1,000,000 | €1,000,000 | = | 0.0% |
| Current assets | 29/58 | €112,267 | €150,492 | +€38,225 | +34.0% |
| Amounts receivable within one year | 40/41 | €81,149 | €115,803 | +€34,654 | +42.7% |
| Trade receivables | 40 | €81,149 | €115,803 | +€34,654 | +42.7% |
| Other amounts receivable | 41 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €31,118 | €34,689 | +€3,571 | +11.5% |
| Total equity and liabilities | 10/49 | €1,860,627 | €1,879,456 | +€18,829 | +1.0% |
| Equity | 10/15 | €699,604 | €776,144 | +€76,540 | +10.9% |
| Contributions | 10/11 | €114,200 | €114,200 | = | 0.0% |
| Reserves | 13 | €585,404 | €661,944 | +€76,540 | +13.1% |
| Non-distributable reserves | 130/1 | €25,475 | €0 | -€25,475 | -100% |
| Reserves not available under the articles | 1311 | €25,475 | €0 | -€25,475 | -100% |
| Tax-exempt reserves | 132 | €53,067 | €51,404 | -€1,662 | -3.1% |
| Distributable reserves | 133 | €506,863 | €610,540 | +€103,677 | +20.5% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Provisions and deferred taxes | 16 | €17,689 | €17,135 | -€554 | -3.1% |
| Deferred taxes | 168 | €17,689 | €17,135 | -€554 | -3.1% |
| Amounts payable | 17/49 | €1,143,334 | €1,086,177 | -€57,157 | -5.0% |
| Amounts payable after more than one year | 17 | €401,437 | €344,134 | -€57,303 | -14.3% |
| Financial debts | 170/4 | €401,437 | €344,134 | -€57,303 | -14.3% |
| Amounts payable within one year | 42/48 | €718,975 | €696,567 | -€22,408 | -3.1% |
| Current portion of amounts payable after more than one year | 42 | €56,095 | €57,303 | +€1,208 | +2.2% |
| Trade debts | 44 | €3,688 | €4,957 | +€1,269 | +34.4% |
| Suppliers | 440/4 | €3,688 | €4,957 | +€1,269 | +34.4% |
| Taxes, remuneration and social security | 45 | €42,959 | €21,349 | -€21,609 | -50.3% |
| Taxes | 450/3 | €42,959 | €21,349 | -€21,609 | -50.3% |
| Other amounts payable | 47/48 | €616,234 | €612,957 | -€3,276 | -0.5% |
| Accrued charges and deferred income | 492/3 | €22,922 | €45,476 | +€22,554 | +98.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €24,727 | €24,825 | +€98 | +0.4% |
| Other operating charges | 640/8 | €3,848 | €4,429 | +€581 | +15.1% |
| Gross operating margin | 9900 | €190,042 | €217,771 | +€27,729 | +14.6% |
| Operating profit (loss) | 9901 | €161,467 | €188,517 | +€27,049 | +16.8% |
| Financial income | 75/76B | €178 | €256 | +€78 | +44.2% |
| Recurring financial income | 75 | €178 | €256 | +€78 | +44.2% |
| Financial charges | 65/66B | €50,587 | €61,717 | +€11,131 | +22.0% |
| Recurring financial charges | 65 | €50,587 | €61,717 | +€11,131 | +22.0% |
| Profit (loss) for the period before taxes | 9903 | €111,058 | €127,055 | +€15,997 | +14.4% |
| Transfer from deferred taxes | 780 | €554 | €554 | = | 0.0% |
| Income taxes | 67/77 | €37,780 | €51,069 | +€13,289 | +35.2% |
| Profit (loss) for the period | 9904 | €73,832 | €76,540 | +€2,708 | +3.7% |
| Transfer from tax-exempt reserves | 789 | €1,662 | €1,662 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €75,494 | €78,202 | +€2,708 | +3.6% |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 20 October 2026 via checked.be.