B SOLAR SYSTEM: 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 SYSTEM
Largest movements
- Receivables within one year +€74,563
up €74,563 (+261.9%), from €28,472 to €103,035
of which Trade receivables: +€97,510
- Cash +€56,632
up €56,632 (+60.3%), from €93,886 to €150,519
mainly Trade debts (+€120,987) and Debts after one year (+€45,005)
- Tangible fixed assets +€52,127
up €52,127 (+42.9%), from €121,535 to €173,662
of which Furniture and vehicles: +€66,514
- Stocks and contracts -€14,527
down €14,527 (-43.5%), from €33,380 to €18,854
- Trade debts +€120,987
up €120,987 (+740.7%), from €16,334 to €137,321
- Debts after one year +€45,005
up €45,005 (+108.1%), from €41,620 to €86,625
- Current portion of long-term debt +€19,234
up €19,234 (+162.1%), from €11,869 to €31,102
- Tax, wage and social debts -€19,004
down €19,004 (-42.5%), from €44,687 to €25,682
of which Taxes: -€21,501
- Gross operating margin -€41,734
down €41,734 (-35.0%), from €119,408 to €77,674
- Depreciation +€23,675
up €23,675 (+145.9%), from €16,222 to €39,897
- Staff costs +€23,186
up €23,186 (+3866.9%), from €600 to €23,786
- Taxes -€16,800
down €16,800 (-86.1%), from €19,510 to €2,710
- Financial charges +€5,190
up €5,190 (+177.1%), from €2,932 to €8,122
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.
Cash bridge derived
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 | €283,365 | €454,289 | +€170,924 | +60.3% |
| Fixed assets | 21/28 | €123,335 | €175,462 | +€52,127 | +42.3% |
| Tangible fixed assets | 22/27 | €121,535 | €173,662 | +€52,127 | +42.9% |
| Land and buildings | 22 | €2,321 | €1,659 | -€661 | -28.5% |
| Plant, machinery and equipment | 23 | €90,906 | €77,180 | -€13,726 | -15.1% |
| Furniture and vehicles | 24 | €28,308 | €94,822 | +€66,514 | +235.0% |
| Financial fixed assets | 28 | €1,800 | €1,800 | = | 0.0% |
| Current assets | 29/58 | €160,030 | €278,827 | +€118,797 | +74.2% |
| Stocks and contracts in progress | 3 | €33,380 | €18,854 | -€14,527 | -43.5% |
| Stocks | 30/36 | €33,380 | €18,854 | -€14,527 | -43.5% |
| Amounts receivable within one year | 40/41 | €28,472 | €103,035 | +€74,563 | +261.9% |
| Trade receivables | 40 | €1,967 | €99,477 | +€97,510 | +4956.6% |
| Other amounts receivable | 41 | €26,505 | €3,558 | -€22,947 | -86.6% |
| Cash at bank and in hand | 54/58 | €93,886 | €150,519 | +€56,632 | +60.3% |
| Deferred charges and accrued income | 490/1 | €4,291 | €6,419 | +€2,128 | +49.6% |
| Total equity and liabilities | 10/49 | €283,365 | €454,289 | +€170,924 | +60.3% |
| Equity | 10/15 | €168,856 | €170,297 | +€1,441 | +0.9% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €166,856 | €168,297 | +€1,441 | +0.9% |
| Amounts payable | 17/49 | €114,508 | €283,992 | +€169,483 | +148.0% |
| Amounts payable after more than one year | 17 | €41,620 | €86,625 | +€45,005 | +108.1% |
| Financial debts | 170/4 | €41,620 | €86,625 | +€45,005 | +108.1% |
| Amounts payable within one year | 42/48 | €72,889 | €197,367 | +€124,478 | +170.8% |
| Current portion of amounts payable after more than one year | 42 | €11,869 | €31,102 | +€19,234 | +162.1% |
| Trade debts | 44 | €16,334 | €137,321 | +€120,987 | +740.7% |
| Suppliers | 440/4 | €16,334 | €137,321 | +€120,987 | +740.7% |
| Taxes, remuneration and social security | 45 | €44,687 | €25,682 | -€19,004 | -42.5% |
| Taxes | 450/3 | €44,518 | €23,017 | -€21,501 | -48.3% |
| Remuneration and social security | 454/9 | €169 | €2,665 | +€2,496 | +1479.5% |
| Other amounts payable | 47/48 | - | €3,262 | +€3,262 | |
| Remuneration, social security and pensions | 62 | €600 | €23,786 | +€23,186 | +3866.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,222 | €39,897 | +€23,675 | +145.9% |
| Other operating charges | 640/8 | €1,028 | €1,721 | +€693 | +67.3% |
| Gross operating margin | 9900 | €119,408 | €77,674 | -€41,734 | -35.0% |
| Operating profit (loss) | 9901 | €101,558 | €12,270 | -€89,288 | -87.9% |
| Financial income | 75/76B | - | €3 | +€3 | |
| Recurring financial income | 75 | - | €3 | +€3 | |
| Financial charges | 65/66B | €2,932 | €8,122 | +€5,190 | +177.1% |
| Recurring financial charges | 65 | €2,932 | €8,122 | +€5,190 | +177.1% |
| Profit (loss) for the period before taxes | 9903 | €98,627 | €4,151 | -€94,476 | -95.8% |
| Income taxes | 67/77 | €19,510 | €2,710 | -€16,800 | -86.1% |
| Profit (loss) for the period | 9904 | €79,117 | €1,441 | -€77,676 | -98.2% |
| Profit (loss) for the period to be appropriated | 9905 | €79,117 | €1,441 | -€77,676 | -98.2% |
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 9 October 2026 via checked.be.