BRUSSELS 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.
BRUSSELS SOLAR
Largest movements
- Receivables within one year -€85,310
down €85,310 (-84.7%), from €100,679 to €15,369
of which Trade receivables: -€85,351
- Cash +€34,720
up €34,720 (+142%), from €24,367 to €59,087
mainly Receivables within one year (+€85,310) and Depreciation (+€254)
- Profit (loss) carried forward -€25,571
down €25,571 (-47.7%), from -€53,638 to -€79,209
- Trade debts -€24,835
down €24,835 (-74.0%), from €33,557 to €8,722
- Gross operating margin -€37,566
down €37,566 (-58.1%), from €64,645 to €27,079
- Turnover -€24,141
down €24,141 (-80.1%), from €30,152 to €6,011
- Depreciation -€21,345
down €21,345 (-98.8%), from €21,598 to €254
- Taxes +€4,847
up €4,847 (+156%), from €3,115 to €7,962
- Purchases and services -€3,387
down €3,387 (-35.2%), from €9,629 to €6,242
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 | €125,553 | €74,709 | -€50,844 | -40.5% |
| Fixed assets | 21/28 | €507 | €254 | -€254 | -50.0% |
| Tangible fixed assets | 22/27 | €507 | €254 | -€254 | -50.0% |
| Land and buildings | 22 | €507 | €254 | -€254 | -50.0% |
| Current assets | 29/58 | €125,046 | €74,456 | -€50,590 | -40.5% |
| Amounts receivable within one year | 40/41 | €100,679 | €15,369 | -€85,310 | -84.7% |
| Trade receivables | 40 | €100,679 | €15,328 | -€85,351 | -84.8% |
| Other amounts receivable | 41 | - | €41 | +€41 | |
| Cash at bank and in hand | 54/58 | €24,367 | €59,087 | +€34,720 | +142% |
| Total equity and liabilities | 10/49 | €125,553 | €74,709 | -€50,844 | -40.5% |
| Equity | 10/15 | €91,559 | €65,988 | -€25,571 | -27.9% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €125,197 | €125,197 | -€0 | 0.0% |
| Distributable reserves | 133 | €125,197 | €125,197 | -€0 | 0.0% |
| Profit (loss) carried forward | 14 | -€53,638 | -€79,209 | -€25,571 | -47.7% |
| Amounts payable | 17/49 | €33,994 | €8,722 | -€25,272 | -74.3% |
| Amounts payable within one year | 42/48 | €33,994 | €8,722 | -€25,272 | -74.3% |
| Trade debts | 44 | €33,557 | €8,722 | -€24,835 | -74.0% |
| Suppliers | 440/4 | €33,557 | €8,722 | -€24,835 | -74.0% |
| Taxes, remuneration and social security | 45 | €437 | - | -€437 | |
| Taxes | 450/3 | €437 | - | -€437 | |
| Turnover | 70 | €30,152 | €6,011 | -€24,141 | -80.1% |
| Non-recurring operating income | 76A | - | €27,310 | +€27,310 | |
| Goods, raw materials, services and sundry goods | 60/61 | €9,629 | €6,242 | -€3,387 | -35.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €21,598 | €254 | -€21,345 | -98.8% |
| Other operating charges | 640/8 | €387 | €400 | +€13 | +3.3% |
| Non-recurring operating charges | 66A | - | €43,857 | +€43,857 | |
| Gross operating margin | 9900 | €64,645 | €27,079 | -€37,566 | -58.1% |
| Operating profit (loss) | 9901 | €42,660 | -€17,431 | -€60,091 | |
| Financial income | 75/76B | €187 | - | -€187 | |
| Recurring financial income | 75 | €187 | - | -€187 | |
| Financial charges | 65/66B | €176 | €178 | +€2 | +1.0% |
| Recurring financial charges | 65 | €176 | €178 | +€2 | +1.0% |
| Profit (loss) for the period before taxes | 9903 | €42,671 | -€17,609 | -€60,280 | |
| Income taxes | 67/77 | €3,115 | €7,962 | +€4,847 | +156% |
| Profit (loss) for the period | 9904 | €39,556 | -€25,571 | -€65,127 | |
| Profit (loss) for the period to be appropriated | 9905 | €39,556 | -€25,571 | -€65,127 |
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 19 October 2026 via checked.be.