HEBRIMO SOLAR 21: 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.
HEBRIMO SOLAR 21
Largest movements
- Tangible fixed assets -€377,854
down €377,854 (-13.3%), from €2.8m to €2.5m
- Receivables within one year +€338,892
up €338,892 (+30.8%), from €1.1m to €1.4m
of which Other amounts receivable: +€286,900
- Cash +€292,509
up €292,509 (+57.9%), from €504,993 to €797,502
mainly Net result for the year (+€602,422) and Depreciation (+€377,854)
- Profit (loss) carried forward +€602,422
up €602,422 (+51.5%), from €1.2m to €1.8m
- Debts after one year -€234,332
down €234,332 (-10.2%), from €2.3m to €2.1m
- Trade debts -€169,864
down €169,864 (-59.9%), from €283,433 to €113,568
- Accrued charges and deferred income +€116,887
new in 2025: €116,887
- Investment grants -€53,480
down €53,480 (-12.5%), from €426,664 to €373,185
- Gross operating margin +€670,093
up €670,093 (+124%), from €539,411 to €1.2m
- Taxes +€182,572
up €182,572 (+897%), from €20,356 to €202,928
- Financial charges -€50,435
down €50,435 (-33.5%), from €150,331 to €99,895
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 | €4,443,813 | €4,705,559 | +€261,746 | +5.9% |
| Fixed assets | 21/28 | €2,839,691 | €2,461,837 | -€377,854 | -13.3% |
| Tangible fixed assets | 22/27 | €2,839,691 | €2,461,837 | -€377,854 | -13.3% |
| Plant, machinery and equipment | 23 | €2,839,691 | €2,461,837 | -€377,854 | -13.3% |
| Current assets | 29/58 | €1,604,122 | €2,243,722 | +€639,600 | +39.9% |
| Amounts receivable within one year | 40/41 | €1,099,129 | €1,438,021 | +€338,892 | +30.8% |
| Trade receivables | 40 | - | €51,992 | +€51,992 | |
| Other amounts receivable | 41 | €1,099,129 | €1,386,029 | +€286,900 | +26.1% |
| Cash at bank and in hand | 54/58 | €504,993 | €797,502 | +€292,509 | +57.9% |
| Deferred charges and accrued income | 490/1 | - | €8,199 | +€8,199 | |
| Total equity and liabilities | 10/49 | €4,443,813 | €4,705,559 | +€261,746 | +5.9% |
| Equity | 10/15 | €1,597,911 | €2,146,853 | +€548,943 | +34.4% |
| Contributions | 10/11 | €1,200 | €1,200 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,170,046 | €1,772,469 | +€602,422 | +51.5% |
| Investment grants | 15 | €426,664 | €373,185 | -€53,480 | -12.5% |
| Amounts payable | 17/49 | €2,845,902 | €2,558,705 | -€287,197 | -10.1% |
| Amounts payable after more than one year | 17 | €2,296,004 | €2,061,672 | -€234,332 | -10.2% |
| Financial debts | 170/4 | €2,296,004 | €2,061,672 | -€234,332 | -10.2% |
| Amounts payable within one year | 42/48 | €549,898 | €380,147 | -€169,752 | -30.9% |
| Current portion of amounts payable after more than one year | 42 | €234,332 | €234,332 | = | 0.0% |
| Trade debts | 44 | €283,433 | €113,568 | -€169,864 | -59.9% |
| Suppliers | 440/4 | €283,433 | €113,568 | -€169,864 | -59.9% |
| Taxes, remuneration and social security | 45 | €32,134 | €32,246 | +€113 | +0.4% |
| Taxes | 450/3 | €32,134 | €32,246 | +€113 | +0.4% |
| Accrued charges and deferred income | 492/3 | - | €116,887 | +€116,887 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €377,854 | €377,854 | -€0 | 0.0% |
| Other operating charges | 640/8 | €1,086 | €3,256 | +€2,170 | +200% |
| Gross operating margin | 9900 | €539,411 | €1,209,504 | +€670,093 | +124% |
| Operating profit (loss) | 9901 | €160,472 | €828,395 | +€667,923 | +416% |
| Financial income | 75/76B | €71,284 | €76,851 | +€5,567 | +7.8% |
| Recurring financial income | 75 | €71,284 | €76,851 | +€5,567 | +7.8% |
| Financial charges | 65/66B | €150,331 | €99,895 | -€50,435 | -33.5% |
| Recurring financial charges | 65 | €150,331 | €99,895 | -€50,435 | -33.5% |
| Profit (loss) for the period before taxes | 9903 | €81,425 | €805,350 | +€723,926 | +889% |
| Income taxes | 67/77 | €20,356 | €202,928 | +€182,572 | +897% |
| Profit (loss) for the period | 9904 | €61,068 | €602,422 | +€541,354 | +886% |
| Profit (loss) for the period to be appropriated | 9905 | €61,068 | €602,422 | +€541,354 | +886% |
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.