ALRO SOLAR: 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.
ALRO SOLAR
Largest movements
- Tangible fixed assets -€298,373
down €298,373 (-16.3%), from €1.8m to €1.5m
- Cash +€110,209
up €110,209 (+29.8%), from €369,858 to €480,067
mainly Depreciation (+€298,373) and Net result for the year (+€243,693)
- Debts after one year -€371,040
down €371,040 (-47.8%), from €775,561 to €404,521
- Other debts +€178,693
up €178,693 (+275%), from €65,000 to €243,693
- Profit (loss) carried forward +€65,000
up €65,000 (+20.3%), from €320,166 to €385,166
- Current portion of long-term debt -€29,482
down €29,482 (-7.4%), from €400,523 to €371,040
- Gross operating margin +€147,266
up €147,266 (+27.6%), from €533,613 to €680,879
- Taxes +€47,159
up €47,159 (+132%), from €35,720 to €82,879
- Write-downs -€23,866
down €23,866 (-93.9%), from €25,425 to €1,559
- Financial charges -€12,630
down €12,630 (-18.9%), from €66,794 to €54,164
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 | €2,247,330 | €2,075,220 | -€172,110 | -7.7% |
| Fixed assets | 21/28 | €1,831,597 | €1,533,224 | -€298,373 | -16.3% |
| Tangible fixed assets | 22/27 | €1,831,597 | €1,533,224 | -€298,373 | -16.3% |
| Plant, machinery and equipment | 23 | €1,831,597 | €1,533,224 | -€298,373 | -16.3% |
| Current assets | 29/58 | €415,733 | €541,996 | +€126,263 | +30.4% |
| Amounts receivable within one year | 40/41 | €45,876 | €61,929 | +€16,053 | +35.0% |
| Trade receivables | 40 | €45,876 | €61,929 | +€16,053 | +35.0% |
| Other amounts receivable | 41 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €369,858 | €480,067 | +€110,209 | +29.8% |
| Deferred charges and accrued income | 490/1 | €0 | - | = | |
| Total equity and liabilities | 10/49 | €2,247,330 | €2,075,220 | -€172,110 | -7.7% |
| Equity | 10/15 | €952,666 | €1,017,666 | +€65,000 | +6.8% |
| Contributions | 10/11 | €575,000 | €575,000 | = | 0.0% |
| Capital | 10 | €575,000 | €575,000 | = | 0.0% |
| Issued capital | 100 | €575,000 | €575,000 | = | 0.0% |
| Reserves | 13 | €57,500 | €57,500 | = | 0.0% |
| Non-distributable reserves | 130/1 | €57,500 | €57,500 | = | 0.0% |
| Legal reserve | 130 | €57,500 | €57,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €320,166 | €385,166 | +€65,000 | +20.3% |
| Amounts payable | 17/49 | €1,294,664 | €1,057,553 | -€237,110 | -18.3% |
| Amounts payable after more than one year | 17 | €775,561 | €404,521 | -€371,040 | -47.8% |
| Financial debts | 170/4 | €775,561 | €404,521 | -€371,040 | -47.8% |
| Amounts payable within one year | 42/48 | €518,226 | €652,145 | +€133,919 | +25.8% |
| Current portion of amounts payable after more than one year | 42 | €400,523 | €371,040 | -€29,482 | -7.4% |
| Trade debts | 44 | €16,808 | €1,043 | -€15,764 | -93.8% |
| Suppliers | 440/4 | €16,808 | €1,043 | -€15,764 | -93.8% |
| Taxes, remuneration and social security | 45 | €35,896 | €36,367 | +€471 | +1.3% |
| Taxes | 450/3 | €35,896 | €36,367 | +€471 | +1.3% |
| Other amounts payable | 47/48 | €65,000 | €243,693 | +€178,693 | +275% |
| Accrued charges and deferred income | 492/3 | €877 | €888 | +€12 | +1.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €298,373 | €298,373 | = | 0.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €25,425 | €1,559 | -€23,866 | -93.9% |
| Other operating charges | 640/8 | €208 | €210 | +€2 | +1.0% |
| Gross operating margin | 9900 | €533,613 | €680,879 | +€147,266 | +27.6% |
| Operating profit (loss) | 9901 | €209,606 | €380,737 | +€171,130 | +81.6% |
| Financial charges | 65/66B | €66,794 | €54,164 | -€12,630 | -18.9% |
| Recurring financial charges | 65 | €66,794 | €54,164 | -€12,630 | -18.9% |
| Profit (loss) for the period before taxes | 9903 | €142,812 | €326,572 | +€183,760 | +129% |
| Income taxes | 67/77 | €35,720 | €82,879 | +€47,159 | +132% |
| Profit (loss) for the period | 9904 | €107,092 | €243,693 | +€136,601 | +128% |
| Profit (loss) for the period to be appropriated | 9905 | €107,092 | €243,693 | +€136,601 | +128% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 25 October 2026 via checked.be.