BUILDING SOLAR I: 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.
BUILDING SOLAR I
Largest movements
- Cash +€485,409
up €485,409 (+271%), from €179,032 to €664,441
mainly Net result for the year (+€347,277) and Other debts (+€222,939)
- Tangible fixed assets -€294,966
down €294,966 (-38.8%), from €760,487 to €465,521
of which Leasing and similar rights: -€294,111
- Receivables within one year +€115,791
up €115,791 (+691%), from €16,754 to €132,545
of which Trade receivables: +€123,557
- Other debts +€222,939
up €222,939 (+179%), from €124,338 to €347,277
- Tax, wage and social debts +€209,050
up €209,050, from €0 to €209,050
- Debts after one year -€202,430
down €202,430 (-63.1%), from €320,863 to €118,433
- Trade debts +€98,129
up €98,129 (+618%), from €15,886 to €114,015
- Current portion of long-term debt -€37,070
down €37,070 (-24.6%), from €150,660 to €113,590
- Gross operating margin +€399,357
up €399,357 (+199%), from €200,646 to €600,002
- Taxes +€110,654
up €110,654 (+922%), from €12,006 to €122,661
- Depreciation -€32,571
down €32,571 (-27.7%), from €117,657 to €85,086
- Provisions +€9,159
new in 2025: €9,159
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 | €963,202 | €1,262,740 | +€299,538 | +31.1% |
| Fixed assets | 21/28 | €760,487 | €465,521 | -€294,966 | -38.8% |
| Tangible fixed assets | 22/27 | €760,487 | €465,521 | -€294,966 | -38.8% |
| Plant, machinery and equipment | 23 | €6,839 | €5,983 | -€855 | -12.5% |
| Leasing and similar rights | 25 | €753,648 | €459,537 | -€294,111 | -39.0% |
| Current assets | 29/58 | €202,715 | €797,220 | +€594,504 | +293% |
| Amounts receivable within one year | 40/41 | €16,754 | €132,545 | +€115,791 | +691% |
| Trade receivables | 40 | €8,988 | €132,545 | +€123,557 | +1,375% |
| Other amounts receivable | 41 | €7,766 | €0 | -€7,766 | -100% |
| Cash at bank and in hand | 54/58 | €179,032 | €664,441 | +€485,409 | +271% |
| Deferred charges and accrued income | 490/1 | €6,930 | €234 | -€6,696 | -96.6% |
| Total equity and liabilities | 10/49 | €963,202 | €1,262,740 | +€299,538 | +31.1% |
| Equity | 10/15 | €347,071 | €347,071 | = | 0.0% |
| Contributions | 10/11 | €326,071 | €326,071 | = | 0.0% |
| Reserves | 13 | €21,000 | €21,000 | = | 0.0% |
| Non-distributable reserves | 130/1 | €21,000 | €21,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €21,000 | €21,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Provisions and deferred taxes | 16 | - | €9,159 | +€9,159 | |
| Provisions for liabilities and charges | 160/5 | - | €9,159 | +€9,159 | |
| Major repairs and maintenance | 162 | - | €9,159 | +€9,159 | |
| Amounts payable | 17/49 | €616,131 | €906,511 | +€290,380 | +47.1% |
| Amounts payable after more than one year | 17 | €320,863 | €118,433 | -€202,430 | -63.1% |
| Financial debts | 170/4 | €320,863 | €118,433 | -€202,430 | -63.1% |
| Amounts payable within one year | 42/48 | €290,885 | €783,932 | +€493,048 | +169% |
| Current portion of amounts payable after more than one year | 42 | €150,660 | €113,590 | -€37,070 | -24.6% |
| Trade debts | 44 | €15,886 | €114,015 | +€98,129 | +618% |
| Suppliers | 440/4 | €15,886 | €114,015 | +€98,129 | +618% |
| Taxes, remuneration and social security | 45 | €0 | €209,050 | +€209,050 | |
| Taxes | 450/3 | €0 | €209,050 | +€209,050 | |
| Other amounts payable | 47/48 | €124,338 | €347,277 | +€222,939 | +179% |
| Accrued charges and deferred income | 492/3 | €4,384 | €4,146 | -€238 | -5.4% |
| Non-recurring operating income | 76A | - | €342,466 | +€342,466 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €117,657 | €85,086 | -€32,571 | -27.7% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | - | €9,159 | +€9,159 | |
| Other operating charges | 640/8 | €1,108 | €1,143 | +€35 | +3.1% |
| Gross operating margin | 9900 | €200,646 | €600,002 | +€399,357 | +199% |
| Operating profit (loss) | 9901 | €81,880 | €504,614 | +€422,734 | +516% |
| Financial income | 75/76B | €0 | €0 | +€0 | |
| Recurring financial income | 75 | €0 | €0 | +€0 | |
| Financial charges | 65/66B | €35,638 | €34,676 | -€962 | -2.7% |
| Recurring financial charges | 65 | €35,638 | €34,676 | -€962 | -2.7% |
| Profit (loss) for the period before taxes | 9903 | €46,242 | €469,938 | +€423,696 | +916% |
| Income taxes | 67/77 | €12,006 | €122,661 | +€110,654 | +922% |
| Profit (loss) for the period | 9904 | €34,236 | €347,277 | +€313,041 | +914% |
| Profit (loss) for the period to be appropriated | 9905 | €34,236 | €347,277 | +€313,041 | +914% |
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 29 October 2026 via checked.be.