HIGH TECH SOLAR GROUP: 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.
HIGH TECH SOLAR GROUP
Largest movements
- Cash -€408,720
down €408,720 (-79.2%), from €516,232 to €107,511
mainly Net result for the year (-€955,562) and Stocks and contracts (-€401,461)
- Stocks and contracts +€401,461
up €401,461 (+124%), from €322,697 to €724,157
of which Contracts in progress: +€435,428
- Intangible fixed assets -€107,000
down €107,000 (-16.7%), from €641,128 to €534,128
- Receivables within one year -€36,171
down €36,171 (-10.7%), from €338,267 to €302,096
of which Trade receivables: -€54,253
- Tangible fixed assets -€34,982
down €34,982 (-23.0%), from €152,004 to €117,022
of which Furniture and vehicles: -€29,734
- Profit (loss) carried forward -€955,562
down €955,562 (-62.0%), from €1.5m to €585,995
- Other debts +€624,281
up €624,281 (+32,487%), from €1,922 to €626,203
- Trade debts +€119,258
up €119,258 (+70.9%), from €168,277 to €287,535
- Accrued charges and deferred income +€58,065
up €58,065 (+770%), from €7,544 to €65,609
- Tax, wage and social debts -€42,101
down €42,101 (-41.3%), from €101,888 to €59,787
of which Remuneration and social security: -€39,737
- Gross operating margin -€641,735
down €641,735 (-88.4%), from €725,784 to €84,050
- Staff costs -€262,815
down €262,815 (-24.4%), from €1.1m to €813,087
- Write-downs -€33,701
down €33,701, from €25,726 to -€7,975
- Provisions +€20,000
up €20,000 (+66.7%), from -€30,000 to -€10,000
- Financial income -€17,966
down €17,966 (-97.8%), from €18,377 to €411
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 | €2,029,598 | €1,847,312 | -€182,286 | -9.0% |
| Fixed assets | 21/28 | €818,993 | €679,438 | -€139,555 | -17.0% |
| Intangible fixed assets | 21 | €641,128 | €534,128 | -€107,000 | -16.7% |
| Tangible fixed assets | 22/27 | €152,004 | €117,022 | -€34,982 | -23.0% |
| Land and buildings | 22 | - | €1,257 | +€1,257 | |
| Plant, machinery and equipment | 23 | €38,399 | €28,080 | -€10,319 | -26.9% |
| Furniture and vehicles | 24 | €107,646 | €77,912 | -€29,734 | -27.6% |
| Other tangible fixed assets | 26 | €5,959 | €9,773 | +€3,814 | +64.0% |
| Financial fixed assets | 28 | €25,862 | €28,289 | +€2,427 | +9.4% |
| Current assets | 29/58 | €1,210,605 | €1,167,874 | -€42,731 | -3.5% |
| Stocks and contracts in progress | 3 | €322,697 | €724,157 | +€401,461 | +124% |
| Stocks | 30/36 | €322,697 | €288,730 | -€33,967 | -10.5% |
| Contracts in progress | 37 | - | €435,428 | +€435,428 | |
| Amounts receivable within one year | 40/41 | €338,267 | €302,096 | -€36,171 | -10.7% |
| Trade receivables | 40 | €294,953 | €240,700 | -€54,253 | -18.4% |
| Other amounts receivable | 41 | €43,314 | €61,396 | +€18,082 | +41.7% |
| Cash at bank and in hand | 54/58 | €516,232 | €107,511 | -€408,720 | -79.2% |
| Deferred charges and accrued income | 490/1 | €33,410 | €34,109 | +€699 | +2.1% |
| Total equity and liabilities | 10/49 | €2,029,598 | €1,847,312 | -€182,286 | -9.0% |
| Equity | 10/15 | €1,591,556 | €635,995 | -€955,562 | -60.0% |
| Contributions | 10/11 | €50,000 | €50,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,541,556 | €585,995 | -€955,562 | -62.0% |
| Provisions and deferred taxes | 16 | €10,000 | - | -€10,000 | |
| Provisions for liabilities and charges | 160/5 | €10,000 | - | -€10,000 | |
| Other liabilities and charges | 164/5 | €10,000 | - | -€10,000 | |
| Amounts payable | 17/49 | €428,042 | €1,211,317 | +€783,275 | +183% |
| Amounts payable within one year | 42/48 | €420,498 | €1,145,708 | +€725,210 | +172% |
| Trade debts | 44 | €168,277 | €287,535 | +€119,258 | +70.9% |
| Suppliers | 440/4 | €168,277 | €287,535 | +€119,258 | +70.9% |
| Advances received on contracts in progress | 46 | €148,412 | €172,183 | +€23,771 | +16.0% |
| Taxes, remuneration and social security | 45 | €101,888 | €59,787 | -€42,101 | -41.3% |
| Taxes | 450/3 | €7,991 | €5,628 | -€2,363 | -29.6% |
| Remuneration and social security | 454/9 | €93,897 | €54,160 | -€39,737 | -42.3% |
| Other amounts payable | 47/48 | €1,922 | €626,203 | +€624,281 | +32,487% |
| Accrued charges and deferred income | 492/3 | €7,544 | €65,609 | +€58,065 | +770% |
| Remuneration, social security and pensions | 62 | €1,075,903 | €813,087 | -€262,815 | -24.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €179,283 | €168,013 | -€11,270 | -6.3% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €25,726 | -€7,975 | -€33,701 | |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | -€30,000 | -€10,000 | +€20,000 | +66.7% |
| Other operating charges | 640/8 | €4,169 | €5,846 | +€1,677 | +40.2% |
| Non-recurring operating charges | 66A | €19,788 | €59,531 | +€39,743 | +201% |
| Gross operating margin | 9900 | €725,784 | €84,050 | -€641,735 | -88.4% |
| Operating profit (loss) | 9901 | -€549,084 | -€944,452 | -€395,368 | -72.0% |
| Financial income | 75/76B | €18,377 | €411 | -€17,966 | -97.8% |
| Recurring financial income | 75 | €18,377 | €411 | -€17,966 | -97.8% |
| Financial charges | 65/66B | €9,255 | €10,228 | +€972 | +10.5% |
| Recurring financial charges | 65 | €9,255 | €10,228 | +€972 | +10.5% |
| Profit (loss) for the period before taxes | 9903 | -€539,963 | -€954,270 | -€414,307 | -76.7% |
| Income taxes | 67/77 | €1,197 | €1,292 | +€95 | +7.9% |
| Profit (loss) for the period | 9904 | -€541,160 | -€955,562 | -€414,402 | -76.6% |
| Profit (loss) for the period to be appropriated | 9905 | -€541,160 | -€955,562 | -€414,402 | -76.6% |
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 1 November 2026 via checked.be.