SOLACE ENERGY: 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.
SOLACE ENERGY
Largest movements
- Cash +€5,174
up €5,174 (+371%), from €1,394 to €6,568
mainly Accrued charges and deferred income (+€40,159) and Net result for the year (+€10,765)
- Tangible fixed assets +€2,943
up €2,943 (+33.0%), from €8,906 to €11,849
of which Furniture and vehicles: +€1,738
- Accrued charges and deferred income +€40,159
up €40,159 (+1,865%), from €2,154 to €42,313
- Trade debts -€39,224
down €39,224 (-74.4%), from €52,702 to €13,478
- Profit (loss) carried forward +€10,765
up €10,765, from -€2,344 to €8,421
- Other debts -€4,411
down €4,411 (-20.8%), from €21,215 to €16,804
- Depreciation -€1,405
down €1,405 (-20.0%), from €7,018 to €5,613
- Gross operating margin -€1,001
down €1,001 (-4.6%), from €21,731 to €20,730
- Taxes +€884
new in 2023: €884
- Financial charges +€740
up €740 (+70.0%), from €1,056 to €1,796
- Write-downs -€297
down €297 (-19.0%), from €1,563 to €1,266
From the 2022 result to the 2023 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 2022 and 2023 balance sheets and the 2023 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2022 | 2023 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €85,728 | €93,900 | +€8,172 | +9.5% |
| Fixed assets | 21/28 | €8,906 | €12,592 | +€3,686 | +41.4% |
| Intangible fixed assets | 21 | - | €743 | +€743 | |
| Tangible fixed assets | 22/27 | €8,906 | €11,849 | +€2,943 | +33.0% |
| Plant, machinery and equipment | 23 | €7,228 | €8,433 | +€1,205 | +16.7% |
| Furniture and vehicles | 24 | €1,678 | €3,416 | +€1,738 | +104% |
| Current assets | 29/58 | €76,822 | €81,308 | +€4,486 | +5.8% |
| Stocks and contracts in progress | 3 | €3,425 | €3,453 | +€28 | +0.8% |
| Stocks | 30/36 | €3,425 | €3,453 | +€28 | +0.8% |
| Amounts receivable within one year | 40/41 | €71,970 | €71,279 | -€691 | -1.0% |
| Trade receivables | 40 | €63,065 | €67,883 | +€4,818 | +7.6% |
| Other amounts receivable | 41 | €8,905 | €3,396 | -€5,509 | -61.9% |
| Cash at bank and in hand | 54/58 | €1,394 | €6,568 | +€5,174 | +371% |
| Deferred charges and accrued income | 490/1 | €33 | €8 | -€25 | -75.5% |
| Total equity and liabilities | 10/49 | €85,728 | €93,900 | +€8,172 | +9.5% |
| Equity | 10/15 | €9,656 | €20,421 | +€10,765 | +111% |
| Contributions | 10/11 | €12,000 | €12,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€2,344 | €8,421 | +€10,765 | |
| Amounts payable | 17/49 | €76,071 | €73,479 | -€2,592 | -3.4% |
| Amounts payable within one year | 42/48 | €73,918 | €31,166 | -€42,752 | -57.8% |
| Trade debts | 44 | €52,702 | €13,478 | -€39,224 | -74.4% |
| Suppliers | 440/4 | €52,702 | €13,478 | -€39,224 | -74.4% |
| Taxes, remuneration and social security | 45 | - | €884 | +€884 | |
| Taxes | 450/3 | - | €884 | +€884 | |
| Other amounts payable | 47/48 | €21,215 | €16,804 | -€4,411 | -20.8% |
| Accrued charges and deferred income | 492/3 | €2,154 | €42,313 | +€40,159 | +1,865% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,018 | €5,613 | -€1,405 | -20.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €1,563 | €1,266 | -€297 | -19.0% |
| Other operating charges | 640/8 | €298 | €415 | +€117 | +39.5% |
| Gross operating margin | 9900 | €21,731 | €20,730 | -€1,001 | -4.6% |
| Operating profit (loss) | 9901 | €12,852 | €13,436 | +€584 | +4.5% |
| Financial income | 75/76B | €68 | €9 | -€59 | -86.7% |
| Recurring financial income | 75 | €68 | €9 | -€59 | -86.7% |
| Financial charges | 65/66B | €1,056 | €1,796 | +€740 | +70.0% |
| Recurring financial charges | 65 | €1,056 | €1,796 | +€740 | +70.0% |
| Profit (loss) for the period before taxes | 9903 | €11,863 | €11,649 | -€214 | -1.8% |
| Income taxes | 67/77 | - | €884 | +€884 | |
| Profit (loss) for the period | 9904 | €11,863 | €10,765 | -€1,098 | -9.3% |
| Profit (loss) for the period to be appropriated | 9905 | €11,863 | €10,765 | -€1,098 | -9.3% |
Source: filed annual accounts (NBB), financial years ended 31 December 2022 and 31 December 2023. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 26 October 2026 via checked.be.