LAEREMANS SOLAR: what changed
LAEREMANS SOLAR
Largest movements
- Tangible fixed assets -€147,387
down €147,387 (-20.3%), from €725,815 to €578,428
- Receivables within one year +€131,572
up €131,572 (+56.7%), from €232,056 to €363,628
of which Trade receivables: +€91,008
- Cash -€59,272
down €59,272 (-54.1%), from €109,626 to €50,354
mainly Receivables within one year (-€131,572) and Debts after one year (-€82,782)
- Debts after one year -€82,782
down €82,782 (-18.1%), from €458,287 to €375,506
- Profit (loss) carried forward +€25,119
up €25,119 (+6.0%), from €415,789 to €440,908
- Trade debts -€16,459
down €16,459 (-94.6%), from €17,403 to €944
- Gross operating margin +€86,934
up €86,934 (+83.4%), from €104,259 to €191,192
- Depreciation +€57,942
up €57,942 (+64.8%), from €89,445 to €147,387
- Financial charges -€5,855
down €5,855 (-24.4%), from €24,022 to €18,166
- Taxes -€3,390
no longer reported in 2025 (was €3,390)
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,071,805 | €996,781 | -€75,025 | -7.0% |
| Fixed assets | 21/28 | €725,815 | €578,428 | -€147,387 | -20.3% |
| Tangible fixed assets | 22/27 | €725,815 | €578,428 | -€147,387 | -20.3% |
| Plant, machinery and equipment | 23 | €725,815 | €578,428 | -€147,387 | -20.3% |
| Current assets | 29/58 | €345,990 | €418,352 | +€72,362 | +20.9% |
| Amounts receivable within one year | 40/41 | €232,056 | €363,628 | +€131,572 | +56.7% |
| Trade receivables | 40 | €375 | €91,383 | +€91,008 | +24,258% |
| Other amounts receivable | 41 | €231,680 | €272,245 | +€40,565 | +17.5% |
| Cash at bank and in hand | 54/58 | €109,626 | €50,354 | -€59,272 | -54.1% |
| Deferred charges and accrued income | 490/1 | €4,308 | €4,371 | +€62 | +1.4% |
| Total equity and liabilities | 10/49 | €1,071,805 | €996,781 | -€75,025 | -7.0% |
| Equity | 10/15 | €503,789 | €528,908 | +€25,119 | +5.0% |
| Contributions | 10/11 | €80,000 | €80,000 | = | 0.0% |
| Reserves | 13 | €8,000 | €8,000 | = | 0.0% |
| Distributable reserves | 133 | €8,000 | €8,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €415,789 | €440,908 | +€25,119 | +6.0% |
| Amounts payable | 17/49 | €568,016 | €467,872 | -€100,144 | -17.6% |
| Amounts payable after more than one year | 17 | €458,287 | €375,506 | -€82,782 | -18.1% |
| Financial debts | 170/4 | €458,287 | €375,506 | -€82,782 | -18.1% |
| Amounts payable within one year | 42/48 | €109,729 | €92,366 | -€17,362 | -15.8% |
| Current portion of amounts payable after more than one year | 42 | €92,326 | €82,782 | -€9,544 | -10.3% |
| Trade debts | 44 | €17,403 | €944 | -€16,459 | -94.6% |
| Suppliers | 440/4 | €17,403 | €944 | -€16,459 | -94.6% |
| Taxes, remuneration and social security | 45 | - | €8,641 | +€8,641 | |
| Taxes | 450/3 | - | €8,641 | +€8,641 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €89,445 | €147,387 | +€57,942 | +64.8% |
| Other operating charges | 640/8 | €940 | €520 | -€421 | -44.7% |
| Gross operating margin | 9900 | €104,259 | €191,192 | +€86,934 | +83.4% |
| Operating profit (loss) | 9901 | €13,873 | €43,286 | +€29,413 | +212% |
| Financial charges | 65/66B | €24,022 | €18,166 | -€5,855 | -24.4% |
| Recurring financial charges | 65 | €24,022 | €18,166 | -€5,855 | -24.4% |
| Profit (loss) for the period before taxes | 9903 | -€10,149 | €25,119 | +€35,268 | |
| Income taxes | 67/77 | €3,390 | - | -€3,390 | |
| Profit (loss) for the period | 9904 | -€13,539 | €25,119 | +€38,658 | |
| Profit (loss) for the period to be appropriated | 9905 | -€13,539 | €25,119 | +€38,658 |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 4 November 2026 via checked.be.