GREEN 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.
GREEN SOLAR
Largest movements
- Receivables within one year +€29,756
up €29,756 (+47.7%), from €62,433 to €92,189
of which Trade receivables: +€25,219
- Cash +€13,899
up €13,899 (+47.3%), from €29,363 to €43,262
mainly Trade debts (+€31,770) and Depreciation (+€24,520)
- Tangible fixed assets -€10,521
down €10,521 (-12.4%), from €84,973 to €74,452
of which Furniture and vehicles: -€18,792
- Deferred charges and accrued income -€3,278
down €3,278 (-83.5%), from €3,925 to €647
- Trade debts +€31,770
up €31,770 (+764%), from €4,158 to €35,928
- Debts after one year -€22,694
down €22,694 (-42.2%), from €53,813 to €31,119
- Profit (loss) carried forward +€10,712
no longer reported in 2025 (was -€10,712)
- Reserves +€9,840
up €9,840 (+8.4%), from €117,582 to €127,422
- Staff costs -€26,121
down €26,121 (-49.4%), from €52,922 to €26,801
- Write-downs -€11,660
no longer reported in 2025 (was €11,660)
- Taxes +€4,395
up €4,395 (+407%), from €1,079 to €5,474
- Financial income -€3,586
down €3,586 (-91.4%), from €3,922 to €336
of which Non-recurring financial income: -€3,519
- Gross operating margin +€3,300
up €3,300 (+4.2%), from €77,810 to €81,110
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 | €190,794 | €222,150 | +€31,356 | +16.4% |
| Fixed assets | 21/28 | €88,573 | €78,052 | -€10,521 | -11.9% |
| Tangible fixed assets | 22/27 | €84,973 | €74,452 | -€10,521 | -12.4% |
| Plant, machinery and equipment | 23 | €5,722 | €14,753 | +€9,031 | +158% |
| Furniture and vehicles | 24 | €72,339 | €53,547 | -€18,792 | -26.0% |
| Other tangible fixed assets | 26 | €6,912 | €6,152 | -€760 | -11.0% |
| Financial fixed assets | 28 | €3,600 | €3,600 | = | 0.0% |
| Current assets | 29/58 | €102,221 | €144,098 | +€41,877 | +41.0% |
| Stocks and contracts in progress | 3 | €6,500 | €8,000 | +€1,500 | +23.1% |
| Stocks | 30/36 | €6,500 | €8,000 | +€1,500 | +23.1% |
| Amounts receivable within one year | 40/41 | €62,433 | €92,189 | +€29,756 | +47.7% |
| Trade receivables | 40 | €50,144 | €75,363 | +€25,219 | +50.3% |
| Other amounts receivable | 41 | €12,289 | €16,826 | +€4,537 | +36.9% |
| Cash at bank and in hand | 54/58 | €29,363 | €43,262 | +€13,899 | +47.3% |
| Deferred charges and accrued income | 490/1 | €3,925 | €647 | -€3,278 | -83.5% |
| Total equity and liabilities | 10/49 | €190,794 | €222,150 | +€31,356 | +16.4% |
| Equity | 10/15 | €107,870 | €128,422 | +€20,552 | +19.1% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €117,582 | €127,422 | +€9,840 | +8.4% |
| Distributable reserves | 133 | €117,582 | €127,422 | +€9,840 | +8.4% |
| Profit (loss) carried forward | 14 | -€10,712 | - | +€10,712 | |
| Amounts payable | 17/49 | €82,924 | €93,728 | +€10,804 | +13.0% |
| Amounts payable after more than one year | 17 | €53,813 | €31,119 | -€22,694 | -42.2% |
| Financial debts | 170/4 | €53,813 | €31,119 | -€22,694 | -42.2% |
| Amounts payable within one year | 42/48 | €29,111 | €62,609 | +€33,498 | +115% |
| Current portion of amounts payable after more than one year | 42 | €22,708 | €23,016 | +€308 | +1.4% |
| Trade debts | 44 | €4,158 | €35,928 | +€31,770 | +764% |
| Suppliers | 440/4 | €4,158 | €35,928 | +€31,770 | +764% |
| Taxes, remuneration and social security | 45 | €2,245 | €3,665 | +€1,420 | +63.3% |
| Taxes | 450/3 | €1,863 | €1,357 | -€506 | -27.2% |
| Remuneration and social security | 454/9 | €382 | €2,308 | +€1,926 | +504% |
| Non-recurring operating income | 76A | €3,519 | - | -€3,519 | |
| Remuneration, social security and pensions | 62 | €52,922 | €26,801 | -€26,121 | -49.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €21,663 | €24,520 | +€2,857 | +13.2% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €11,660 | - | -€11,660 | |
| Other operating charges | 640/8 | €2,367 | €1,856 | -€511 | -21.6% |
| Gross operating margin | 9900 | €77,810 | €81,110 | +€3,300 | +4.2% |
| Operating profit (loss) | 9901 | -€10,802 | €27,933 | +€38,735 | |
| Financial income | 75/76B | €3,922 | €336 | -€3,586 | -91.4% |
| Recurring financial income | 75 | €403 | €336 | -€67 | -16.6% |
| Non-recurring financial income | 76B | €3,519 | - | -€3,519 | |
| Financial charges | 65/66B | €2,753 | €2,242 | -€511 | -18.6% |
| Recurring financial charges | 65 | €2,753 | €2,242 | -€511 | -18.6% |
| Profit (loss) for the period before taxes | 9903 | -€9,633 | €26,027 | +€35,660 | |
| Income taxes | 67/77 | €1,079 | €5,474 | +€4,395 | +407% |
| Profit (loss) for the period | 9904 | -€10,712 | €20,553 | +€31,265 | |
| Profit (loss) for the period to be appropriated | 9905 | -€10,712 | €20,553 | +€31,265 |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 23 October 2026 via checked.be.