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
- Cash +€115,359
up €115,359 (+63.5%), from €181,614 to €296,973
mainly Receivables within one year (+€82,622) and Depreciation (+€29,980)
- Receivables within one year -€82,622
down €82,622 (-68.7%), from €120,295 to €37,674
of which Other amounts receivable: -€91,255
- Tangible fixed assets -€18,973
down €18,973 (-25.2%), from €75,430 to €56,457
of which Furniture and vehicles: -€18,334
- Profit (loss) carried forward +€23,499
up €23,499 (+6.8%), from €345,222 to €368,722
- Debts after one year -€21,091
down €21,091 (-61.0%), from €34,586 to €13,495
- Trade debts +€9,520
up €9,520 (+453.9%), from €2,097 to €11,618
- Advances received +€5,045
new in 2025: €5,045
- Gross operating margin -€17,861
down €17,861 (-20.8%), from €85,858 to €67,996
- Depreciation +€11,947
up €11,947 (+66.2%), from €18,034 to €29,980
- Taxes -€6,806
down €6,806 (-42.4%), from €16,060 to €9,255
- Financial charges -€2,818
down €2,818 (-54.7%), from €5,152 to €2,334
- Other operating charges +€2,442
up €2,442 (+190.0%), from €1,285 to €3,726
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 | €437,096 | €452,360 | +€15,264 | +3.5% |
| Fixed assets | 21/28 | €129,999 | €111,026 | -€18,973 | -14.6% |
| Tangible fixed assets | 22/27 | €75,430 | €56,457 | -€18,973 | -25.2% |
| Plant, machinery and equipment | 23 | €7,676 | €5,536 | -€2,139 | -27.9% |
| Furniture and vehicles | 24 | €67,754 | €49,420 | -€18,334 | -27.1% |
| Other tangible fixed assets | 26 | - | €1,500 | +€1,500 | |
| Financial fixed assets | 28 | €54,569 | €54,569 | = | 0.0% |
| Current assets | 29/58 | €307,097 | €341,335 | +€34,237 | +11.1% |
| Amounts receivable within one year | 40/41 | €120,295 | €37,674 | -€82,622 | -68.7% |
| Trade receivables | 40 | €18,356 | €26,989 | +€8,633 | +47.0% |
| Other amounts receivable | 41 | €101,940 | €10,685 | -€91,255 | -89.5% |
| Cash at bank and in hand | 54/58 | €181,614 | €296,973 | +€115,359 | +63.5% |
| Deferred charges and accrued income | 490/1 | €5,188 | €6,688 | +€1,500 | +28.9% |
| Total equity and liabilities | 10/49 | €437,096 | €452,360 | +€15,264 | +3.5% |
| Equity | 10/15 | €372,491 | €395,990 | +€23,499 | +6.3% |
| Contributions | 10/11 | €24,789 | €24,789 | = | 0.0% |
| Reserves | 13 | €2,479 | €2,479 | = | 0.0% |
| Non-distributable reserves | 130/1 | €2,479 | €2,479 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,479 | €2,479 | = | 0.0% |
| Profit (loss) carried forward | 14 | €345,222 | €368,722 | +€23,499 | +6.8% |
| Amounts payable | 17/49 | €64,605 | €56,370 | -€8,235 | -12.7% |
| Amounts payable after more than one year | 17 | €34,586 | €13,495 | -€21,091 | -61.0% |
| Financial debts | 170/4 | €34,586 | €13,495 | -€21,091 | -61.0% |
| Amounts payable within one year | 42/48 | €30,019 | €42,875 | +€12,856 | +42.8% |
| Current portion of amounts payable after more than one year | 42 | €20,545 | €21,091 | +€546 | +2.7% |
| Trade debts | 44 | €2,097 | €11,618 | +€9,520 | +453.9% |
| Suppliers | 440/4 | €2,097 | €11,618 | +€9,520 | +453.9% |
| Advances received on contracts in progress | 46 | - | €5,045 | +€5,045 | |
| Taxes, remuneration and social security | 45 | €4,445 | €2,188 | -€2,256 | -50.8% |
| Taxes | 450/3 | €4,445 | €2,188 | -€2,256 | -50.8% |
| Other amounts payable | 47/48 | €2,933 | €2,933 | = | 0.0% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,034 | €29,980 | +€11,947 | +66.2% |
| Other operating charges | 640/8 | €1,285 | €3,726 | +€2,442 | +190.0% |
| Gross operating margin | 9900 | €85,858 | €67,996 | -€17,861 | -20.8% |
| Operating profit (loss) | 9901 | €66,539 | €34,289 | -€32,249 | -48.5% |
| Financial income | 75/76B | €591 | €799 | +€207 | +35.1% |
| Recurring financial income | 75 | €591 | €799 | +€207 | +35.1% |
| Financial charges | 65/66B | €5,152 | €2,334 | -€2,818 | -54.7% |
| Recurring financial charges | 65 | €5,152 | €2,334 | -€2,818 | -54.7% |
| Profit (loss) for the period before taxes | 9903 | €61,978 | €32,754 | -€29,224 | -47.2% |
| Income taxes | 67/77 | €16,060 | €9,255 | -€6,806 | -42.4% |
| Profit (loss) for the period | 9904 | €45,918 | €23,499 | -€22,418 | -48.8% |
| Profit (loss) for the period to be appropriated | 9905 | €45,918 | €23,499 | -€22,418 | -48.8% |
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.