Farys 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.
What changed
Farys Solar
NACE 35.110, Production of electricity from non-renewable sources
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€263,038
2024 · €112,229+€150,809
Equity
€4.8m
2024 · €4.6m+€263,038
Cash
€177,717
2024 · €117,497+€60,221
Balance sheet total
€5.8m
2024 · €6.0m-€202,610
Largest movements
Assets
- Receivables within one year -€370,833
down €370,833 (-15.9%), from €2.3m to €2.0m
of which Other amounts receivable: -€337,970
- Tangible fixed assets +€114,126
up €114,126 (+3.3%), from €3.5m to €3.6m
of which Other tangible fixed assets: +€488,427
Equity and liabilities
- Debts after one year -€502,189
down €502,189 (-58.5%), from €858,524 to €356,336
- Reserves +€263,038
up €263,038 (+11.5%), from €2.3m to €2.6m
Income statement
- Turnover +€176,716
up €176,716 (+18.8%), from €940,475 to €1.1m
- Taxes +€49,623
up €49,623 (+130%), from €38,057 to €87,679
- Services and other goods -€27,014
down €27,014 (-8.8%), from €306,273 to €279,259
- Financial charges -€22,042
down €22,042 (-29.3%), from €75,139 to €53,097
- Other operating income -€18,047
no longer reported in 2025 (was €18,047)
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.
Result 2024
€112,229
Turnover
+€176,716
Other operating income
-€18,047
Services and other goods
+€27,014
Depreciation
+€153
Other operating charges
-€107
Other operating items
+€3,837
Financial income
-€11,177
Financial charges
+€22,042
Taxes
-€49,623
Result 2025
€263,038
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
+€1.1m
Investment
-€568,231
Financing
-€479,134
Cash 2024
€117,497
From operations (derived)
+€1.1m
Net result for the year
+€263,038
Depreciation
+€454,105
Receivables within one year
+€370,833
Deferred charges and accrued income
+€6,124
Trade debts
+€22,358
Other debts
-€4,236
Accrued charges and deferred income
-€4,636
Investment (derived)
-€568,231
Investment in fixed assets (net)
-€568,231
Financing
-€479,134
Debts after one year
-€502,189
Current portion of long-term debt
+€23,054
Cash 2025
€177,717
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €6,030,906 | €5,828,295 | -€202,610 | -3.4% |
| Fixed assets | 21/28 | €3,473,298 | €3,587,424 | +€114,126 | +3.3% |
| Tangible fixed assets | 22/27 | €3,462,082 | €3,576,208 | +€114,126 | +3.3% |
| Plant, machinery and equipment | 23 | €62,899 | €63,468 | +€569 | +0.9% |
| Leasing and similar rights | 25 | €2,769,646 | €2,394,775 | -€374,871 | -13.5% |
| Other tangible fixed assets | 26 | €629,537 | €1,117,964 | +€488,427 | +77.6% |
| Financial fixed assets | 28 | €11,216 | €11,216 | = | 0.0% |
| Other financial fixed assets | 284/8 | €11,216 | €11,216 | = | 0.0% |
| Shares | 284 | €1,216 | €1,216 | = | 0.0% |
| Amounts receivable and cash guarantees | 285/8 | €10,000 | €10,000 | = | 0.0% |
| Current assets | 29/58 | €2,557,607 | €2,240,871 | -€316,736 | -12.4% |
| Amounts receivable after more than one year | 29 | €84,225 | €84,225 | = | 0.0% |
| Other amounts receivable | 291 | €84,225 | €84,225 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €2,336,341 | €1,965,508 | -€370,833 | -15.9% |
| Trade receivables | 40 | €131,199 | €98,336 | -€32,863 | -25.0% |
| Other amounts receivable | 41 | €2,205,142 | €1,867,172 | -€337,970 | -15.3% |
| Cash at bank and in hand | 54/58 | €117,497 | €177,717 | +€60,221 | +51.3% |
| Deferred charges and accrued income | 490/1 | €19,544 | €13,420 | -€6,124 | -31.3% |
| Total equity and liabilities | 10/49 | €6,030,906 | €5,828,295 | -€202,610 | -3.4% |
| Equity | 10/15 | €4,565,527 | €4,828,566 | +€263,038 | +5.8% |
| Contributions | 10/11 | €2,268,360 | €2,268,360 | = | 0.0% |
| Reserves | 13 | €2,297,168 | €2,560,206 | +€263,038 | +11.5% |
| Distributable reserves | 133 | €2,297,168 | €2,560,206 | +€263,038 | +11.5% |
| Amounts payable | 17/49 | €1,465,378 | €999,730 | -€465,649 | -31.8% |
| Amounts payable after more than one year | 17 | €858,524 | €356,336 | -€502,189 | -58.5% |
| Financial debts | 170/4 | €858,524 | €356,336 | -€502,189 | -58.5% |
| Leasing and similar obligations | 172 | €858,524 | €356,336 | -€502,189 | -58.5% |
| Amounts payable within one year | 42/48 | €597,724 | €638,900 | +€41,176 | +6.9% |
| Current portion of amounts payable after more than one year | 42 | €479,134 | €502,189 | +€23,054 | +4.8% |
| Trade debts | 44 | €114,354 | €136,711 | +€22,358 | +19.6% |
| Suppliers | 440/4 | €114,354 | €136,711 | +€22,358 | +19.6% |
| Other amounts payable | 47/48 | €4,236 | - | -€4,236 | |
| Accrued charges and deferred income | 492/3 | €9,130 | €4,494 | -€4,636 | -50.8% |
| Operating income | 70/76A | €958,522 | €1,121,029 | +€162,507 | +17.0% |
| Turnover | 70 | €940,475 | €1,117,192 | +€176,716 | +18.8% |
| Other operating income | 74 | €18,047 | - | -€18,047 | |
| Non-recurring operating income | 76A | - | €3,837 | +€3,837 | |
| Operating charges | 60/66A | €763,880 | €736,819 | -€27,060 | -3.5% |
| Services and other goods | 61 | €306,273 | €279,259 | -€27,014 | -8.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €454,258 | €454,105 | -€153 | 0.0% |
| Other operating charges | 640/8 | €3,349 | €3,455 | +€107 | +3.2% |
| Operating profit (loss) | 9901 | €194,643 | €384,210 | +€189,567 | +97.4% |
| Financial income | 75/76B | €30,782 | €19,605 | -€11,177 | -36.3% |
| Recurring financial income | 75 | €30,782 | €19,605 | -€11,177 | -36.3% |
| Income from current assets | 751 | €30,782 | €19,605 | -€11,177 | -36.3% |
| Financial charges | 65/66B | €75,139 | €53,097 | -€22,042 | -29.3% |
| Recurring financial charges | 65 | €75,139 | €53,097 | -€22,042 | -29.3% |
| Debt charges | 650 | €74,859 | €52,762 | -€22,097 | -29.5% |
| Other financial charges | 652/9 | €280 | €335 | +€56 | +19.8% |
| Profit (loss) for the period before taxes | 9903 | €150,286 | €350,718 | +€200,432 | +133% |
| Income taxes | 67/77 | €38,057 | €87,679 | +€49,623 | +130% |
| Taxes | 670/3 | €38,057 | €87,679 | +€49,623 | +130% |
| Profit (loss) for the period | 9904 | €112,229 | €263,038 | +€150,809 | +134% |
| Profit (loss) for the period to be appropriated | 9905 | €112,229 | €263,038 | +€150,809 | +134% |
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 20 October 2026 via checked.be.