CORSWAREM SOLAR SOLUTIONS: 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.
CORSWAREM SOLAR SOLUTIONS
Largest movements
- Current investments -€326,203
down €326,203 (-56.6%), from €576,023 to €249,820
- Stocks and contracts -€156,415
down €156,415 (-79.8%), from €195,903 to €39,488
- Cash +€118,333
up €118,333 (+52.9%), from €223,599 to €341,931
mainly Other debts (+€617,033) and Current investments (+€326,203)
- Receivables within one year +€107,616
up €107,616 (+364%), from €29,598 to €137,214
of which Trade receivables: +€87,860
- Tangible fixed assets +€95,108
up €95,108 (+267%), from €35,597 to €130,705
of which Furniture and vehicles: +€100,889
- Reserves -€730,800
no longer reported in 2025 (was €730,800)
- Other debts +€617,033
up €617,033 (+1,478%), from €41,757 to €658,791
- Profit (loss) carried forward +€199,574
new in 2025: €199,574
- Trade debts -€172,534
down €172,534 (-88.7%), from €194,591 to €22,057
- Tax, wage and social debts -€62,387
down €62,387 (-90.3%), from €69,063 to €6,676
- Gross operating margin +€20,212
up €20,212 (+7.6%), from €266,279 to €286,491
- Financial income -€11,256
down €11,256 (-53.0%), from €21,227 to €9,971
- Depreciation +€6,916
up €6,916 (+34.0%), from €20,366 to €27,282
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 | €1,064,207 | €900,713 | -€163,494 | -15.4% |
| Fixed assets | 21/28 | €35,597 | €130,705 | +€95,108 | +267% |
| Tangible fixed assets | 22/27 | €35,597 | €130,705 | +€95,108 | +267% |
| Plant, machinery and equipment | 23 | €6,630 | €850 | -€5,780 | -87.2% |
| Furniture and vehicles | 24 | €28,967 | €129,856 | +€100,889 | +348% |
| Current assets | 29/58 | €1,028,610 | €770,007 | -€258,602 | -25.1% |
| Stocks and contracts in progress | 3 | €195,903 | €39,488 | -€156,415 | -79.8% |
| Stocks | 30/36 | €195,903 | €39,488 | -€156,415 | -79.8% |
| Amounts receivable within one year | 40/41 | €29,598 | €137,214 | +€107,616 | +364% |
| Trade receivables | 40 | €26,939 | €114,799 | +€87,860 | +326% |
| Other amounts receivable | 41 | €2,659 | €22,415 | +€19,756 | +743% |
| Current investments | 50/53 | €576,023 | €249,820 | -€326,203 | -56.6% |
| Cash at bank and in hand | 54/58 | €223,599 | €341,931 | +€118,333 | +52.9% |
| Deferred charges and accrued income | 490/1 | €3,487 | €1,554 | -€1,932 | -55.4% |
| Total equity and liabilities | 10/49 | €1,064,207 | €900,713 | -€163,494 | -15.4% |
| Equity | 10/15 | €740,800 | €209,574 | -€531,226 | -71.7% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Reserves | 13 | €730,800 | - | -€730,800 | |
| Distributable reserves | 133 | €730,800 | - | -€730,800 | |
| Profit (loss) carried forward | 14 | - | €199,574 | +€199,574 | |
| Amounts payable | 17/49 | €323,406 | €691,138 | +€367,732 | +114% |
| Amounts payable after more than one year | 17 | €3,615 | - | -€3,615 | |
| Financial debts | 170/4 | €3,615 | - | -€3,615 | |
| Amounts payable within one year | 42/48 | €319,792 | €691,138 | +€371,347 | +116% |
| Current portion of amounts payable after more than one year | 42 | €14,380 | €3,615 | -€10,765 | -74.9% |
| Trade debts | 44 | €194,591 | €22,057 | -€172,534 | -88.7% |
| Suppliers | 440/4 | €194,591 | €22,057 | -€172,534 | -88.7% |
| Taxes, remuneration and social security | 45 | €69,063 | €6,676 | -€62,387 | -90.3% |
| Taxes | 450/3 | €69,063 | €6,676 | -€62,387 | -90.3% |
| Other amounts payable | 47/48 | €41,757 | €658,791 | +€617,033 | +1,478% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €20,366 | €27,282 | +€6,916 | +34.0% |
| Other operating charges | 640/8 | €906 | €787 | -€119 | -13.1% |
| Non-recurring operating charges | 66A | - | €662 | +€662 | |
| Gross operating margin | 9900 | €266,279 | €286,491 | +€20,212 | +7.6% |
| Operating profit (loss) | 9901 | €245,007 | €257,761 | +€12,753 | +5.2% |
| Financial income | 75/76B | €21,227 | €9,971 | -€11,256 | -53.0% |
| Recurring financial income | 75 | €21,227 | €9,971 | -€11,256 | -53.0% |
| Financial charges | 65/66B | €1,430 | €711 | -€720 | -50.3% |
| Recurring financial charges | 65 | €1,430 | €711 | -€720 | -50.3% |
| Profit (loss) for the period before taxes | 9903 | €264,804 | €267,021 | +€2,217 | +0.8% |
| Income taxes | 67/77 | €66,234 | €67,447 | +€1,213 | +1.8% |
| Profit (loss) for the period | 9904 | €198,570 | €199,574 | +€1,004 | +0.5% |
| Profit (loss) for the period to be appropriated | 9905 | €198,570 | €199,574 | +€1,004 | +0.5% |
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 25 October 2026 via checked.be.