JH 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.
JH SOLAR
Largest movements
- Tangible fixed assets +€11,250
new in 2025: €11,250
- Cash -€7,247
down €7,247 (-93.2%), from €7,773 to €526
mainly Net result for the year (-€20,146) and Investment in fixed assets (net) (-€15,186)
- Receivables within one year -€3,065
down €3,065 (-16.4%), from €18,741 to €15,677
of which Trade receivables: -€10,390
- Deferred charges and accrued income -€955
down €955 (-50.0%), from €1,910 to €955
- Profit (loss) carried forward -€20,146
down €20,146 (-400%), from -€5,038 to -€25,184
- Trade debts +€19,741
up €19,741 (+84.8%), from €23,269 to €43,010
- Tax, wage and social debts +€450
new in 2025: €450
- Purchases and services +€139,133
new in 2025: €139,133
- Staff costs +€33,926
new in 2025: €33,926
- Gross operating margin +€21,897
up €21,897, from -€3,064 to €18,833
- Depreciation +€3,750
new in 2025: €3,750
- Financial charges -€1,082
down €1,082 (-85.1%), from €1,271 to €190
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 | €28,424 | €28,594 | +€169 | +0.6% |
| Fixed assets | 21/28 | - | €11,436 | +€11,436 | |
| Tangible fixed assets | 22/27 | - | €11,250 | +€11,250 | |
| Furniture and vehicles | 24 | - | €11,250 | +€11,250 | |
| Financial fixed assets | 28 | - | €186 | +€186 | |
| Current assets | 29/58 | €28,424 | €17,158 | -€11,267 | -39.6% |
| Amounts receivable within one year | 40/41 | €18,741 | €15,677 | -€3,065 | -16.4% |
| Trade receivables | 40 | €16,545 | €6,155 | -€10,390 | -62.8% |
| Other amounts receivable | 41 | €2,196 | €9,521 | +€7,326 | +334% |
| Cash at bank and in hand | 54/58 | €7,773 | €526 | -€7,247 | -93.2% |
| Deferred charges and accrued income | 490/1 | €1,910 | €955 | -€955 | -50.0% |
| Total equity and liabilities | 10/49 | €28,424 | €28,594 | +€169 | +0.6% |
| Equity | 10/15 | -€2,038 | -€22,184 | -€20,146 | -989% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€5,038 | -€25,184 | -€20,146 | -400% |
| Amounts payable | 17/49 | €30,462 | €50,777 | +€20,315 | +66.7% |
| Amounts payable within one year | 42/48 | €30,462 | €50,777 | +€20,315 | +66.7% |
| Trade debts | 44 | €23,269 | €43,010 | +€19,741 | +84.8% |
| Suppliers | 440/4 | €23,269 | €43,010 | +€19,741 | +84.8% |
| Taxes, remuneration and social security | 45 | - | €450 | +€450 | |
| Remuneration and social security | 454/9 | - | €450 | +€450 | |
| Other amounts payable | 47/48 | €7,193 | €7,317 | +€124 | +1.7% |
| Goods, raw materials, services and sundry goods | 60/61 | - | €139,133 | +€139,133 | |
| Remuneration, social security and pensions | 62 | - | €33,926 | +€33,926 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €3,750 | +€3,750 | |
| Other operating charges | 640/8 | €702 | €1,114 | +€412 | +58.7% |
| Gross operating margin | 9900 | -€3,064 | €18,833 | +€21,897 | |
| Operating profit (loss) | 9901 | -€3,766 | -€19,957 | -€16,191 | -430% |
| Financial income | 75/76B | - | €1 | +€1 | |
| Recurring financial income | 75 | - | €1 | +€1 | |
| Financial charges | 65/66B | €1,271 | €190 | -€1,082 | -85.1% |
| Recurring financial charges | 65 | €1,271 | €190 | -€1,082 | -85.1% |
| Profit (loss) for the period before taxes | 9903 | -€5,038 | -€20,146 | -€15,108 | -300% |
| Profit (loss) for the period | 9904 | -€5,038 | -€20,146 | -€15,108 | -300% |
| Profit (loss) for the period to be appropriated | 9905 | -€5,038 | -€20,146 | -€15,108 | -300% |
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 27 October 2026 via checked.be.