CERICA SOLAR: what changed
CERICA SOLAR
Largest movements
- Tangible fixed assets -€96,057
down €96,057 (-20.0%), from €480,285 to €384,228
- Receivables within one year -€87,062
down €87,062 (-60.1%), from €144,971 to €57,909
of which Trade receivables: -€67,582
- Cash +€26,894
up €26,894 (+14.4%), from €187,382 to €214,276
mainly Depreciation (+€96,057) and Receivables within one year (+€87,062)
- Deferred charges and accrued income -€9,841
down €9,841 (-93.3%), from €10,552 to €710
- Debts after one year -€103,846
down €103,846 (-25.0%), from €415,385 to €311,538
- Profit (loss) carried forward -€44,271
down €44,271 (-100%), from €44,271 to €0
- Reserves -€19,033
down €19,033 (-100%), from €19,033 to €0
- Gross operating margin -€24,921
down €24,921 (-14.2%), from €175,874 to €150,953
- Taxes -€5,539
down €5,539 (-33.9%), from €16,322 to €10,783
- Financial charges -€2,073
down €2,073 (-11.8%), from €17,574 to €15,501
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €823,189 | €657,123 | -€166,066 | -20.2% |
| Fixed assets | 21/28 | €480,285 | €384,228 | -€96,057 | -20.0% |
| Tangible fixed assets | 22/27 | €480,285 | €384,228 | -€96,057 | -20.0% |
| Plant, machinery and equipment | 23 | €480,285 | €384,228 | -€96,057 | -20.0% |
| Current assets | 29/58 | €342,904 | €272,895 | -€70,009 | -20.4% |
| Amounts receivable within one year | 40/41 | €144,971 | €57,909 | -€87,062 | -60.1% |
| Trade receivables | 40 | €92,107 | €24,525 | -€67,582 | -73.4% |
| Other amounts receivable | 41 | €52,864 | €33,384 | -€19,480 | -36.9% |
| Cash at bank and in hand | 54/58 | €187,382 | €214,276 | +€26,894 | +14.4% |
| Deferred charges and accrued income | 490/1 | €10,552 | €710 | -€9,841 | -93.3% |
| Total equity and liabilities | 10/49 | €823,189 | €657,123 | -€166,066 | -20.2% |
| Equity | 10/15 | €253,628 | €190,325 | -€63,303 | -25.0% |
| Contributions | 10/11 | €190,325 | €190,325 | = | 0.0% |
| Reserves | 13 | €19,033 | €0 | -€19,033 | -100% |
| Distributable reserves | 133 | €19,033 | €0 | -€19,033 | -100% |
| Profit (loss) carried forward | 14 | €44,271 | €0 | -€44,271 | -100% |
| Amounts payable | 17/49 | €569,561 | €466,798 | -€102,763 | -18.0% |
| Amounts payable after more than one year | 17 | €415,385 | €311,538 | -€103,846 | -25.0% |
| Financial debts | 170/4 | €415,385 | €311,538 | -€103,846 | -25.0% |
| Amounts payable within one year | 42/48 | €154,177 | €155,260 | +€1,083 | +0.7% |
| Current portion of amounts payable after more than one year | 42 | €103,846 | €103,846 | = | 0.0% |
| Trade debts | 44 | €34,994 | €37,028 | +€2,034 | +5.8% |
| Suppliers | 440/4 | €34,994 | €37,028 | +€2,034 | +5.8% |
| Taxes, remuneration and social security | 45 | €15,336 | €7,747 | -€7,589 | -49.5% |
| Taxes | 450/3 | €15,336 | €7,747 | -€7,589 | -49.5% |
| Other amounts payable | 47/48 | - | €6,638 | +€6,638 | |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Non-recurring operating income | 76A | €1 | €1 | +€0 | +15.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €96,057 | €96,057 | = | 0.0% |
| Other operating charges | 640/8 | €1,086 | €1,118 | +€33 | +3.0% |
| Gross operating margin | 9900 | €175,874 | €150,953 | -€24,921 | -14.2% |
| Operating profit (loss) | 9901 | €78,732 | €53,778 | -€24,954 | -31.7% |
| Financial income | 75/76B | €600 | €1,124 | +€524 | +87.3% |
| Recurring financial income | 75 | €600 | €1,124 | +€524 | +87.3% |
| Financial charges | 65/66B | €17,574 | €15,501 | -€2,073 | -11.8% |
| Recurring financial charges | 65 | €17,574 | €15,501 | -€2,073 | -11.8% |
| Profit (loss) for the period before taxes | 9903 | €61,758 | €39,400 | -€22,358 | -36.2% |
| Income taxes | 67/77 | €16,322 | €10,783 | -€5,539 | -33.9% |
| Profit (loss) for the period | 9904 | €45,436 | €28,618 | -€16,818 | -37.0% |
| Profit (loss) for the period to be appropriated | 9905 | €45,436 | €28,618 | -€16,818 | -37.0% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 7 November 2026 via checked.be.