SABRINA 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.
What changed
SABRINA SOLAR
NACE 35.110, Production of electricity from non-renewable sources
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€22,372
2024 · -€45,405+€67,777
Equity
€435,008
2024 · €428,554+€6,454
Cash
€27,481
2024 · €117,263-€89,781
Balance sheet total
€2.0m
2024 · €2.3m-€265,785
Largest movements
Assets
- Tangible fixed assets -€157,651
down €157,651 (-7.5%), from €2.1m to €1.9m
of which Plant, machinery and equipment: -€113,893
- Cash -€89,781
down €89,781 (-76.6%), from €117,263 to €27,481
mainly Debts after one year (-€243,880) and Short-term financial debts (-€20,115)
Equity and liabilities
- Debts after one year -€243,880
down €243,880 (-14.4%), from €1.7m to €1.5m
Income statement
- Turnover +€49,231
up €49,231 (+18.7%), from €263,486 to €312,717
- Goods and materials -€19,619
down €19,619 (-35.7%), from €55,027 to €35,409
of which Purchases: -€17,659
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.
Result 2024
-€45,405
Turnover
+€49,231
Goods and materials
+€19,619
Services and other goods
-€1,961
Other operating charges
-€1,479
Financial charges
+€2,367
Result 2025
€22,372
raises the resultlowers the result
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.
From operations
+€190,133
Investment
€0
Financing
-€279,914
Cash 2024
€117,263
From operations (derived)
+€190,133
Net result for the year
+€22,372
Depreciation
+€157,651
Receivables within one year
+€18,348
Smaller working-capital items
+€536
Provisions
-€5,306
Trade debts
-€3,468
Financing
-€279,914
Debts after one year
-€243,880
Short-term financial debts
-€20,115
Contributions, distributions and other
-€15,919
Cash 2025
€27,481
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,297,285 | €2,031,500 | -€265,785 | -11.6% |
| Fixed assets | 21/28 | €2,104,998 | €1,947,347 | -€157,651 | -7.5% |
| Tangible fixed assets | 22/27 | €2,104,998 | €1,947,347 | -€157,651 | -7.5% |
| Plant, machinery and equipment | 23 | €1,989,273 | €1,875,380 | -€113,893 | -5.7% |
| Other tangible fixed assets | 26 | €115,725 | €71,967 | -€43,758 | -37.8% |
| Current assets | 29/58 | €192,287 | €84,153 | -€108,134 | -56.2% |
| Stocks and contracts in progress | 3 | €0 | €0 | = | |
| Stocks | 30/36 | €0 | - | = | |
| Goods purchased for resale | 34 | €0 | - | = | |
| Amounts receivable within one year | 40/41 | €37,501 | €19,153 | -€18,348 | -48.9% |
| Trade receivables | 40 | €14,073 | €9,390 | -€4,683 | -33.3% |
| Other amounts receivable | 41 | €23,428 | €9,763 | -€13,665 | -58.3% |
| Current investments | 50/53 | €31,000 | €31,000 | = | 0.0% |
| Other investments | 51/53 | €31,000 | €31,000 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €117,263 | €27,481 | -€89,781 | -76.6% |
| Deferred charges and accrued income | 490/1 | €6,523 | €6,519 | -€4 | -0.1% |
| Total equity and liabilities | 10/49 | €2,297,285 | €2,031,500 | -€265,785 | -11.6% |
| Equity | 10/15 | €428,554 | €435,008 | +€6,454 | +1.5% |
| Contributions | 10/11 | €92,222 | €92,222 | = | 0.0% |
| Reserves | 13 | €1,067 | €1,067 | = | 0.0% |
| Distributable reserves | 133 | €1,067 | €1,067 | = | 0.0% |
| Profit (loss) carried forward | 14 | €57,115 | €79,487 | +€22,372 | +39.2% |
| Investment grants | 15 | €278,150 | €262,231 | -€15,919 | -5.7% |
| Provisions and deferred taxes | 16 | €92,717 | €87,410 | -€5,306 | -5.7% |
| Deferred taxes | 168 | €92,717 | €87,410 | -€5,306 | -5.7% |
| Amounts payable | 17/49 | €1,776,015 | €1,509,082 | -€266,932 | -15.0% |
| Amounts payable after more than one year | 17 | €1,695,030 | €1,451,150 | -€243,880 | -14.4% |
| Financial debts | 170/4 | €1,695,030 | €1,451,150 | -€243,880 | -14.4% |
| Subordinated loans | 170 | €1,493,134 | €1,304,316 | -€188,818 | -12.6% |
| Credit institutions | 173 | €201,896 | €146,833 | -€55,062 | -27.3% |
| Amounts payable within one year | 42/48 | €79,017 | €55,434 | -€23,583 | -29.8% |
| Current portion of amounts payable after more than one year | 42 | €55,062 | €55,062 | = | 0.0% |
| Financial debts | 43 | €20,115 | €0 | -€20,115 | -100% |
| Other loans | 439 | €20,115 | €0 | -€20,115 | -100% |
| Trade debts | 44 | €3,839 | €371 | -€3,468 | -90.3% |
| Suppliers | 440/4 | €3,839 | €371 | -€3,468 | -90.3% |
| Taxes, remuneration and social security | 45 | €0 | - | = | |
| Taxes | 450/3 | €0 | - | = | |
| Accrued charges and deferred income | 492/3 | €1,968 | €2,499 | +€531 | +27.0% |
| Operating income | 70/76A | €263,486 | €312,717 | +€49,231 | +18.7% |
| Turnover | 70 | €263,486 | €312,717 | +€49,231 | +18.7% |
| Operating charges | 60/66A | €292,090 | €275,911 | -€16,178 | -5.5% |
| Goods for resale, raw materials and consumables | 60 | €55,027 | €35,409 | -€19,619 | -35.7% |
| Purchases | 600/8 | €53,068 | €35,409 | -€17,659 | -33.3% |
| Change in stocks: decrease (increase) | 609 | €1,960 | €0 | -€1,960 | -100% |
| Services and other goods | 61 | €76,272 | €78,234 | +€1,961 | +2.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €157,651 | €157,651 | = | 0.0% |
| Other operating charges | 640/8 | €3,139 | €4,618 | +€1,479 | +47.1% |
| Operating profit (loss) | 9901 | -€28,604 | €36,806 | +€65,410 | |
| Financial income | 75/76B | €15,919 | €15,919 | = | 0.0% |
| Recurring financial income | 75 | €15,919 | €15,919 | = | 0.0% |
| Other financial income | 752/9 | €15,919 | €15,919 | = | 0.0% |
| Financial charges | 65/66B | €38,026 | €35,658 | -€2,367 | -6.2% |
| Recurring financial charges | 65 | €38,026 | €35,658 | -€2,367 | -6.2% |
| Debt charges | 650 | €37,523 | €35,152 | -€2,371 | -6.3% |
| Other financial charges | 652/9 | €503 | €506 | +€4 | +0.8% |
| Profit (loss) for the period before taxes | 9903 | -€50,711 | €17,066 | +€67,777 | |
| Transfer from deferred taxes | 780 | €5,306 | €5,306 | = | 0.0% |
| Profit (loss) for the period | 9904 | -€45,405 | €22,372 | +€67,777 | |
| Profit (loss) for the period to be appropriated | 9905 | -€45,405 | €22,372 | +€67,777 |
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 29 October 2026 via checked.be.