PROJECT SOLAR DURABLE: 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.
PROJECT SOLAR DURABLE
Largest movements
- Tangible fixed assets +€16,099
up €16,099 (+71.9%), from €22,404 to €38,503
of which Furniture and vehicles: +€16,432
- Receivables within one year +€11,970
up €11,970 (+746%), from €1,604 to €13,575
of which Trade receivables: +€6,002
- Cash -€9,691
down €9,691 (-88.9%), from €10,897 to €1,206
mainly Investment in fixed assets (net) (-€30,000) and Receivables within one year (-€11,970)
- Deferred charges and accrued income -€641
down €641 (-49.8%), from €1,287 to €646
- Debts after one year +€12,318
up €12,318 (+301%), from €4,094 to €16,412
- Profit (loss) carried forward +€3,825
up €3,825 (+25.3%), from €15,146 to €18,971
- Trade debts +€1,931
up €1,931 (+178%), from €1,085 to €3,016
- Contributions +€1,240
new in 2025: €1,240
- Current portion of long-term debt -€963
down €963 (-8.1%), from €11,901 to €10,939
- Purchases and services +€30,482
up €30,482 (+31.0%), from €98,376 to €128,858
- Turnover +€27,523
up €27,523 (+22.5%), from €122,438 to €149,962
- Depreciation +€9,886
up €9,886 (+246%), from €4,015 to €13,901
- Financial charges +€2,085
up €2,085 (+223%), from €935 to €3,020
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 | €36,192 | €53,929 | +€17,737 | +49.0% |
| Fixed assets | 21/28 | €22,404 | €38,503 | +€16,099 | +71.9% |
| Tangible fixed assets | 22/27 | €22,404 | €38,503 | +€16,099 | +71.9% |
| Plant, machinery and equipment | 23 | €722 | €389 | -€333 | -46.2% |
| Furniture and vehicles | 24 | €21,682 | €38,114 | +€16,432 | +75.8% |
| Current assets | 29/58 | €13,788 | €15,426 | +€1,638 | +11.9% |
| Amounts receivable within one year | 40/41 | €1,604 | €13,575 | +€11,970 | +746% |
| Trade receivables | 40 | €865 | €6,867 | +€6,002 | +694% |
| Other amounts receivable | 41 | €739 | €6,707 | +€5,968 | +807% |
| Cash at bank and in hand | 54/58 | €10,897 | €1,206 | -€9,691 | -88.9% |
| Deferred charges and accrued income | 490/1 | €1,287 | €646 | -€641 | -49.8% |
| Total equity and liabilities | 10/49 | €36,192 | €53,929 | +€17,737 | +49.0% |
| Equity | 10/15 | €15,146 | €20,211 | +€5,065 | +33.4% |
| Contributions | 10/11 | - | €1,240 | +€1,240 | |
| Profit (loss) carried forward | 14 | €15,146 | €18,971 | +€3,825 | +25.3% |
| Amounts payable | 17/49 | €21,046 | €33,718 | +€12,672 | +60.2% |
| Amounts payable after more than one year | 17 | €4,094 | €16,412 | +€12,318 | +301% |
| Financial debts | 170/4 | €4,094 | €16,412 | +€12,318 | +301% |
| Amounts payable within one year | 42/48 | €16,952 | €17,306 | +€354 | +2.1% |
| Current portion of amounts payable after more than one year | 42 | €11,901 | €10,939 | -€963 | -8.1% |
| Financial debts | 43 | - | €5 | +€5 | |
| Credit institutions | 430/8 | - | €5 | +€5 | |
| Trade debts | 44 | €1,085 | €3,016 | +€1,931 | +178% |
| Suppliers | 440/4 | €1,085 | €3,016 | +€1,931 | +178% |
| Taxes, remuneration and social security | 45 | €3,966 | €3,346 | -€619 | -15.6% |
| Taxes | 450/3 | €3,966 | €3,346 | -€619 | -15.6% |
| Turnover | 70 | €122,438 | €149,962 | +€27,523 | +22.5% |
| Non-recurring operating income | 76A | - | €421 | +€421 | |
| Goods, raw materials, services and sundry goods | 60/61 | €98,376 | €128,858 | +€30,482 | +31.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,015 | €13,901 | +€9,886 | +246% |
| Other operating charges | 640/8 | - | €1,162 | +€1,162 | |
| Non-recurring operating charges | 66A | - | €287 | +€287 | |
| Gross operating margin | 9900 | €24,062 | €25,541 | +€1,479 | +6.1% |
| Operating profit (loss) | 9901 | €20,047 | €10,191 | -€9,856 | -49.2% |
| Financial income | 75/76B | €0 | €0 | +€0 | +200% |
| Recurring financial income | 75 | €0 | €0 | +€0 | +200% |
| Financial charges | 65/66B | €935 | €3,020 | +€2,085 | +223% |
| Recurring financial charges | 65 | €935 | €3,020 | +€2,085 | +223% |
| Profit (loss) for the period before taxes | 9903 | €19,112 | €7,171 | -€11,941 | -62.5% |
| Income taxes | 67/77 | €3,966 | €3,346 | -€619 | -15.6% |
| Profit (loss) for the period | 9904 | €15,146 | €3,825 | -€11,322 | -74.7% |
| Profit (loss) for the period to be appropriated | 9905 | €15,146 | €3,825 | -€11,322 | -74.7% |
Source: filed annual accounts (NBB), financial years ended 31 August 2024 and 31 August 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 19 October 2026 via checked.be.