B 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.
B SOLAR
Largest movements
- Tangible fixed assets +€50,157
up €50,157 (+20.9%), from €240,160 to €290,317
of which Land and buildings: +€41,026
- Receivables within one year -€28,304
down €28,304 (-40.8%), from €69,438 to €41,134
of which Trade receivables: -€30,124
- Cash -€22,902
down €22,902 (-26.2%), from €87,280 to €64,379
mainly Investment in fixed assets (net) (-€75,207) and Debts after one year (-€19,632)
- Debts after one year -€19,632
down €19,632 (-22.4%), from €87,606 to €67,974
- Reserves +€16,808
up €16,808 (+12.9%), from €130,089 to €146,897
of which Distributable reserves: +€16,808
- Trade debts -€4,012
down €4,012 (-83.6%), from €4,800 to €788
- Financial charges -€40,134
down €40,134 (-90.5%), from €44,355 to €4,222
of which Non-recurring financial charges: -€40,000
- Gross operating margin +€10,745
up €10,745 (+23.0%), from €46,801 to €57,545
- Depreciation +€4,350
up €4,350 (+21.0%), from €20,700 to €25,050
- Taxes +€3,116
up €3,116 (+59.4%), from €5,245 to €8,361
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 | €400,367 | €399,369 | -€998 | -0.2% |
| Fixed assets | 21/28 | €242,660 | €292,817 | +€50,157 | +20.7% |
| Tangible fixed assets | 22/27 | €240,160 | €290,317 | +€50,157 | +20.9% |
| Land and buildings | 22 | €240,160 | €281,186 | +€41,026 | +17.1% |
| Furniture and vehicles | 24 | €0 | €0 | = | |
| Other tangible fixed assets | 26 | €0 | €9,131 | +€9,131 | |
| Financial fixed assets | 28 | €2,500 | €2,500 | = | 0.0% |
| Current assets | 29/58 | €157,707 | €106,552 | -€51,155 | -32.4% |
| Amounts receivable within one year | 40/41 | €69,438 | €41,134 | -€28,304 | -40.8% |
| Trade receivables | 40 | €64,499 | €34,374 | -€30,124 | -46.7% |
| Other amounts receivable | 41 | €4,939 | €6,759 | +€1,820 | +36.9% |
| Cash at bank and in hand | 54/58 | €87,280 | €64,379 | -€22,902 | -26.2% |
| Deferred charges and accrued income | 490/1 | €989 | €1,040 | +€51 | +5.2% |
| Total equity and liabilities | 10/49 | €400,367 | €399,369 | -€998 | -0.2% |
| Equity | 10/15 | €270,094 | €286,902 | +€16,808 | +6.2% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €130,089 | €146,897 | +€16,808 | +12.9% |
| Tax-exempt reserves | 132 | €21,700 | €21,700 | = | 0.0% |
| Distributable reserves | 133 | €108,389 | €125,197 | +€16,808 | +15.5% |
| Profit (loss) carried forward | 14 | €133,805 | €133,805 | = | 0.0% |
| Amounts payable | 17/49 | €130,273 | €112,467 | -€17,806 | -13.7% |
| Amounts payable after more than one year | 17 | €87,606 | €67,974 | -€19,632 | -22.4% |
| Financial debts | 170/4 | €87,606 | €67,974 | -€19,632 | -22.4% |
| Amounts payable within one year | 42/48 | €42,119 | €44,023 | +€1,905 | +4.5% |
| Current portion of amounts payable after more than one year | 42 | €18,814 | €19,632 | +€818 | +4.3% |
| Trade debts | 44 | €4,800 | €788 | -€4,012 | -83.6% |
| Suppliers | 440/4 | €4,800 | €788 | -€4,012 | -83.6% |
| Taxes, remuneration and social security | 45 | €14,970 | €18,415 | +€3,445 | +23.0% |
| Taxes | 450/3 | €11,310 | €12,537 | +€1,227 | +10.8% |
| Remuneration and social security | 454/9 | €3,660 | €5,878 | +€2,219 | +60.6% |
| Other amounts payable | 47/48 | €3,535 | €5,188 | +€1,653 | +46.8% |
| Accrued charges and deferred income | 492/3 | €548 | €470 | -€78 | -14.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €20,700 | €25,050 | +€4,350 | +21.0% |
| Other operating charges | 640/8 | €4,088 | €3,906 | -€182 | -4.5% |
| Gross operating margin | 9900 | €46,801 | €57,545 | +€10,745 | +23.0% |
| Operating profit (loss) | 9901 | €22,013 | €28,589 | +€6,577 | +29.9% |
| Financial income | 75/76B | €1,226 | €801 | -€425 | -34.6% |
| Recurring financial income | 75 | €1,226 | €801 | -€425 | -34.6% |
| Financial charges | 65/66B | €44,355 | €4,222 | -€40,134 | -90.5% |
| Recurring financial charges | 65 | €4,355 | €4,222 | -€134 | -3.1% |
| Non-recurring financial charges | 66B | €40,000 | - | -€40,000 | |
| Profit (loss) for the period before taxes | 9903 | -€21,117 | €25,169 | +€46,286 | |
| Income taxes | 67/77 | €5,245 | €8,361 | +€3,116 | +59.4% |
| Profit (loss) for the period | 9904 | -€26,361 | €16,808 | +€43,170 | |
| Profit (loss) for the period to be appropriated | 9905 | -€26,361 | €16,808 | +€43,170 |
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 16 October 2026 via checked.be.