SOLAR 21: 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.
SOLAR 21
Largest movements
- Cash -€384,829
down €384,829 (-96.3%), from €399,682 to €14,853
mainly Other debts (-€155,000) and Trade debts (-€93,576)
- Other debts -€155,000
down €155,000 (-39.3%), from €394,500 to €239,500
- Trade debts -€93,576
down €93,576 (-99.8%), from €93,783 to €208
- Profit (loss) carried forward -€74,126
down €74,126 (-64.7%), from -€114,581 to -€188,707
- Tax, wage and social debts -€62,058
down €62,058 (-100%), from €62,058 to €0
- Gross operating margin +€98,522
up €98,522 (+77.0%), from -€128,026 to -€29,504
- Taxes +€43,020
up €43,020, from €0 to €43,020
- Financial charges -€33,188
down €33,188 (-98.9%), from €33,571 to €383
From the 2025 result to the 2026 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 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €454,360 | €69,601 | -€384,759 | -84.7% |
| Fixed assets | 21/28 | €0 | - | = | |
| Financial fixed assets | 28 | €0 | - | = | |
| Current assets | 29/58 | €454,360 | €69,601 | -€384,759 | -84.7% |
| Stocks and contracts in progress | 3 | €0 | - | = | |
| Stocks | 30/36 | €0 | - | = | |
| Amounts receivable within one year | 40/41 | €54,052 | €54,208 | +€156 | +0.3% |
| Trade receivables | 40 | €54,052 | €54,208 | +€156 | +0.3% |
| Other amounts receivable | 41 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €399,682 | €14,853 | -€384,829 | -96.3% |
| Deferred charges and accrued income | 490/1 | €626 | €540 | -€86 | -13.7% |
| Total equity and liabilities | 10/49 | €454,360 | €69,601 | -€384,759 | -84.7% |
| Equity | 10/15 | -€95,981 | -€170,107 | -€74,126 | -77.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€114,581 | -€188,707 | -€74,126 | -64.7% |
| Amounts payable | 17/49 | €550,342 | €239,708 | -€310,634 | -56.4% |
| Amounts payable within one year | 42/48 | €550,342 | €239,708 | -€310,634 | -56.4% |
| Trade debts | 44 | €93,783 | €208 | -€93,576 | -99.8% |
| Suppliers | 440/4 | €93,783 | €208 | -€93,576 | -99.8% |
| Taxes, remuneration and social security | 45 | €62,058 | €0 | -€62,058 | -100% |
| Taxes | 450/3 | €62,058 | €0 | -€62,058 | -100% |
| Other amounts payable | 47/48 | €394,500 | €239,500 | -€155,000 | -39.3% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Non-recurring operating income | 76A | €0 | - | = | |
| Other operating charges | 640/8 | €779 | €1,218 | +€440 | +56.5% |
| Gross operating margin | 9900 | -€128,026 | -€29,504 | +€98,522 | +77.0% |
| Operating profit (loss) | 9901 | -€128,805 | -€30,723 | +€98,082 | +76.1% |
| Financial income | 75/76B | €0 | €0 | -€0 | -100% |
| Recurring financial income | 75 | €0 | €0 | -€0 | -100% |
| Financial charges | 65/66B | €33,571 | €383 | -€33,188 | -98.9% |
| Recurring financial charges | 65 | €33,571 | €383 | -€33,188 | -98.9% |
| Profit (loss) for the period before taxes | 9903 | -€162,376 | -€31,106 | +€131,270 | +80.8% |
| Income taxes | 67/77 | €0 | €43,020 | +€43,020 | |
| Profit (loss) for the period | 9904 | -€162,376 | -€74,126 | +€88,250 | +54.3% |
| Profit (loss) for the period to be appropriated | 9905 | -€162,376 | -€74,126 | +€88,250 | +54.3% |
Source: filed annual accounts (NBB), financial years ended 30 June 2025 and 30 June 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 27 October 2026 via checked.be.