PV-Sol: what changed
Two fiscal 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.
PV-Sol
Largest movements
- Cash -€584
down €584 (-66.9%), from €874 to €290
mainly Net result for the year (-€5,244) and Trade debts (-€1,673)
- Receivables within one year +€500
up €500 (+32.5%), from €1,540 to €2,040
of which Trade receivables: +€522
- Other debts +€6,832
up €6,832 (+2.2%), from €313,857 to €320,689
- Profit (loss) carried forward -€5,244
down €5,244 (-1.4%), from -€381,375 to -€386,620
- Trade debts -€1,673
down €1,673 (-63.2%), from €2,645 to €972
- Gross operating margin +€8,715
up €8,715, from -€8,598 to €117
- Other operating charges -€6,206
down €6,206 (-92.2%), from €6,734 to €528
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 | €43,195 | €43,110 | -€84 | -0.2% |
| Current assets | 29/58 | €43,195 | €43,110 | -€84 | -0.2% |
| Stocks and contracts in progress | 3 | €40,781 | €40,781 | = | 0.0% |
| Stocks | 30/36 | €40,781 | €40,781 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €1,540 | €2,040 | +€500 | +32.5% |
| Trade receivables | 40 | €1,478 | €2,000 | +€522 | +35.3% |
| Other amounts receivable | 41 | €62 | €40 | -€21 | -34.8% |
| Cash at bank and in hand | 54/58 | €874 | €290 | -€584 | -66.9% |
| Total equity and liabilities | 10/49 | €43,195 | €43,110 | -€84 | -0.2% |
| Equity | 10/15 | -€273,307 | -€278,551 | -€5,244 | -1.9% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €88,068 | €88,068 | = | 0.0% |
| Distributable reserves | 133 | €88,068 | €88,068 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€381,375 | -€386,620 | -€5,244 | -1.4% |
| Amounts payable | 17/49 | €316,502 | €321,661 | +€5,160 | +1.6% |
| Amounts payable within one year | 42/48 | €316,502 | €321,661 | +€5,160 | +1.6% |
| Trade debts | 44 | €2,645 | €972 | -€1,673 | -63.2% |
| Suppliers | 440/4 | €2,645 | €972 | -€1,673 | -63.2% |
| Other amounts payable | 47/48 | €313,857 | €320,689 | +€6,832 | +2.2% |
| Other operating charges | 640/8 | €6,734 | €528 | -€6,206 | -92.2% |
| Gross operating margin | 9900 | -€8,598 | €117 | +€8,715 | |
| Operating profit (loss) | 9901 | -€15,331 | -€411 | +€14,921 | +97.3% |
| Financial charges | 65/66B | €4,826 | €4,834 | +€8 | +0.2% |
| Recurring financial charges | 65 | €4,826 | €4,834 | +€8 | +0.2% |
| Profit (loss) for the period before taxes | 9903 | -€20,157 | -€5,244 | +€14,913 | +74.0% |
| Profit (loss) for the period | 9904 | -€20,157 | -€5,244 | +€14,913 | +74.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€20,157 | -€5,244 | +€14,913 | +74.0% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.