SOLAR: 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.
SOLAR
Largest movements
- Receivables within one year +€25,490
up €25,490 (+211.9%), from €12,030 to €37,520
of which Trade receivables: +€25,217
- Cash +€18,105
up €18,105 (+61.0%), from €29,702 to €47,807
mainly Net result for the year (+€36,183) and Stocks and contracts (+€5,445)
- Stocks and contracts -€5,445
down €5,445 (-32.2%), from €16,907 to €11,463
of which Stocks: -€3,816
- Profit (loss) carried forward +€36,183
up €36,183 (+24.2%), from -€149,434 to -€113,252
- Tax, wage and social debts +€3,074
up €3,074 (+311.3%), from €987 to €4,061
of which Taxes: +€1,870
- Trade debts -€1,106
down €1,106 (-38.3%), from €2,886 to €1,780
- Gross operating margin +€52,902
up €52,902 (+1184.5%), from €4,466 to €57,368
- Staff costs +€18,024
up €18,024 (+1439.8%), from €1,252 to €19,275
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 | €59,039 | €97,189 | +€38,151 | +64.6% |
| Fixed assets | 21/28 | €400 | €400 | = | 0.0% |
| Financial fixed assets | 28 | €400 | €400 | = | 0.0% |
| Current assets | 29/58 | €58,639 | €96,789 | +€38,151 | +65.1% |
| Stocks and contracts in progress | 3 | €16,907 | €11,463 | -€5,445 | -32.2% |
| Stocks | 30/36 | €15,279 | €11,463 | -€3,816 | -25.0% |
| Contracts in progress | 37 | €1,629 | €0 | -€1,629 | -100.0% |
| Amounts receivable within one year | 40/41 | €12,030 | €37,520 | +€25,490 | +211.9% |
| Trade receivables | 40 | €7,900 | €33,117 | +€25,217 | +319.2% |
| Other amounts receivable | 41 | €4,130 | €4,403 | +€273 | +6.6% |
| Cash at bank and in hand | 54/58 | €29,702 | €47,807 | +€18,105 | +61.0% |
| Total equity and liabilities | 10/49 | €59,039 | €97,189 | +€38,151 | +64.6% |
| Equity | 10/15 | €55,166 | €91,348 | +€36,183 | +65.6% |
| Contributions | 10/11 | €186,000 | €186,000 | = | 0.0% |
| Capital | 10 | €186,000 | €186,000 | = | 0.0% |
| Issued capital | 100 | €186,000 | €186,000 | = | 0.0% |
| Reserves | 13 | €18,600 | €18,600 | = | 0.0% |
| Non-distributable reserves | 130/1 | €18,600 | €18,600 | = | 0.0% |
| Legal reserve | 130 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€149,434 | -€113,252 | +€36,183 | +24.2% |
| Amounts payable | 17/49 | €3,873 | €5,841 | +€1,968 | +50.8% |
| Amounts payable within one year | 42/48 | €3,873 | €5,841 | +€1,968 | +50.8% |
| Trade debts | 44 | €2,886 | €1,780 | -€1,106 | -38.3% |
| Suppliers | 440/4 | €2,886 | €1,780 | -€1,106 | -38.3% |
| Taxes, remuneration and social security | 45 | €987 | €4,061 | +€3,074 | +311.3% |
| Taxes | 450/3 | - | €1,870 | +€1,870 | |
| Remuneration and social security | 454/9 | €987 | €2,191 | +€1,204 | +121.9% |
| Remuneration, social security and pensions | 62 | €1,252 | €19,275 | +€18,024 | +1439.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €0 | - | = | |
| Other operating charges | 640/8 | €1,320 | €1,144 | -€176 | -13.4% |
| Gross operating margin | 9900 | €4,466 | €57,368 | +€52,902 | +1184.5% |
| Operating profit (loss) | 9901 | €1,894 | €36,949 | +€35,055 | +1850.4% |
| Financial income | 75/76B | €119 | €440 | +€321 | +269.3% |
| Recurring financial income | 75 | €119 | €440 | +€321 | +269.3% |
| Financial charges | 65/66B | €1,304 | €1,206 | -€98 | -7.5% |
| Recurring financial charges | 65 | €1,304 | €1,206 | -€98 | -7.5% |
| Profit (loss) for the period before taxes | 9903 | €710 | €36,183 | +€35,473 | +4996.0% |
| Income taxes | 67/77 | -€14 | €0 | +€14 | |
| Profit (loss) for the period | 9904 | €724 | €36,183 | +€35,459 | +4900.6% |
| Profit (loss) for the period to be appropriated | 9905 | €724 | €36,183 | +€35,459 | +4900.6% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.