MT 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.
MT SOLAR
Largest movements
- Cash +€6,732
up €6,732 (+86.6%), from €7,775 to €14,507
mainly Net result for the year (+€15,385) and Depreciation (+€6,422)
- Tangible fixed assets -€6,422
down €6,422 (-37.2%), from €17,279 to €10,857
of which Furniture and vehicles: -€6,046
- Receivables within one year +€782
up €782 (+4.4%), from €17,869 to €18,651
of which Other amounts receivable: +€7,709
- Reserves +€15,385
up €15,385 (+201.3%), from €7,643 to €23,028
- Current portion of long-term debt -€7,311
down €7,311 (-100.0%), from €7,311 to €0
- Tax, wage and social debts -€5,740
down €5,740 (-67.4%), from €8,518 to €2,777
of which Remuneration and social security: -€4,675
- Other debts -€2,068
down €2,068 (-100.0%), from €2,068 to €0
- Trade debts +€827
up €827 (+5.4%), from €15,383 to €16,210
- Gross operating margin +€23,084
up €23,084 (+143.8%), from €16,048 to €39,132
- Staff costs -€16,119
down €16,119 (-52.5%), from €30,681 to €14,562
- Financial charges -€922
down €922 (-26.8%), from €3,440 to €2,518
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.
Cash bridge derived
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 | €42,922 | €44,015 | +€1,093 | +2.5% |
| Fixed assets | 21/28 | €17,279 | €10,857 | -€6,422 | -37.2% |
| Tangible fixed assets | 22/27 | €17,279 | €10,857 | -€6,422 | -37.2% |
| Plant, machinery and equipment | 23 | €843 | €467 | -€376 | -44.6% |
| Furniture and vehicles | 24 | €16,436 | €10,390 | -€6,046 | -36.8% |
| Current assets | 29/58 | €25,643 | €33,158 | +€7,515 | +29.3% |
| Amounts receivable within one year | 40/41 | €17,869 | €18,651 | +€782 | +4.4% |
| Trade receivables | 40 | €16,026 | €9,100 | -€6,926 | -43.2% |
| Other amounts receivable | 41 | €1,842 | €9,551 | +€7,709 | +418.4% |
| Cash at bank and in hand | 54/58 | €7,775 | €14,507 | +€6,732 | +86.6% |
| Total equity and liabilities | 10/49 | €42,922 | €44,015 | +€1,093 | +2.5% |
| Equity | 10/15 | €9,643 | €25,028 | +€15,385 | +159.6% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €7,643 | €23,028 | +€15,385 | +201.3% |
| Distributable reserves | 133 | €7,643 | €23,028 | +€15,385 | +201.3% |
| Amounts payable | 17/49 | €33,279 | €18,987 | -€14,292 | -42.9% |
| Amounts payable after more than one year | 17 | €0 | - | = | |
| Financial debts | 170/4 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €33,279 | €18,987 | -€14,292 | -42.9% |
| Current portion of amounts payable after more than one year | 42 | €7,311 | €0 | -€7,311 | -100.0% |
| Trade debts | 44 | €15,383 | €16,210 | +€827 | +5.4% |
| Suppliers | 440/4 | €15,383 | €16,210 | +€827 | +5.4% |
| Taxes, remuneration and social security | 45 | €8,518 | €2,777 | -€5,740 | -67.4% |
| Taxes | 450/3 | €1,625 | €560 | -€1,065 | -65.5% |
| Remuneration and social security | 454/9 | €6,893 | €2,217 | -€4,675 | -67.8% |
| Other amounts payable | 47/48 | €2,068 | €0 | -€2,068 | -100.0% |
| Remuneration, social security and pensions | 62 | €30,681 | €14,562 | -€16,119 | -52.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,535 | €6,422 | -€113 | -1.7% |
| Other operating charges | 640/8 | €395 | €585 | +€190 | +48.1% |
| Gross operating margin | 9900 | €16,048 | €39,132 | +€23,084 | +143.8% |
| Operating profit (loss) | 9901 | -€21,562 | €17,563 | +€39,125 | |
| Financial income | 75/76B | €5 | €340 | +€335 | +6544.1% |
| Recurring financial income | 75 | €5 | €340 | +€335 | +6544.1% |
| Financial charges | 65/66B | €3,440 | €2,518 | -€922 | -26.8% |
| Recurring financial charges | 65 | €3,440 | €2,518 | -€922 | -26.8% |
| Profit (loss) for the period before taxes | 9903 | -€24,997 | €15,385 | +€40,382 | |
| Income taxes | 67/77 | €0 | - | = | |
| Profit (loss) for the period | 9904 | -€24,997 | €15,385 | +€40,382 | |
| Profit (loss) for the period to be appropriated | 9905 | -€24,997 | €15,385 | +€40,382 |
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 9 October 2026 via checked.be.