SOLAR-CO: 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-CO
Largest movements
- Receivables within one year +€107,557
up €107,557 (+263.7%), from €40,782 to €148,339
of which Trade receivables: +€89,149
- Cash +€99,156
up €99,156 (+535.5%), from €18,518 to €117,674
mainly Net result for the year (+€180,606) and Tax, wage and social debts (+€53,530)
- Tangible fixed assets +€41,717
up €41,717 (+26.4%), from €158,265 to €199,982
of which Plant, machinery and equipment: +€67,117
- Reserves +€180,606
up €180,606 (+505.1%), from €35,758 to €216,364
- Tax, wage and social debts +€53,530
up €53,530 (+732.3%), from €7,310 to €60,840
- Accrued charges and deferred income +€33,826
new in 2025: €33,826
- Other debts -€30,040
down €30,040 (-99.7%), from €30,145 to €105
- Trade debts +€15,750
up €15,750 (+8911.2%), from €177 to €15,927
- Gross operating margin +€231,281
up €231,281 (+205.1%), from €112,763 to €344,044
- Taxes +€46,220
up €46,220 (+632.3%), from €7,310 to €53,530
- Staff costs +€27,259
up €27,259 (+674.5%), from €4,042 to €31,301
- Other operating charges +€15,771
up €15,771 (+213.6%), from €7,383 to €23,154
- Financial charges -€3,503
down €3,503 (-27.7%), from €12,648 to €9,145
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 | €242,210 | €491,759 | +€249,548 | +103.0% |
| Fixed assets | 21/28 | €182,910 | €225,746 | +€42,836 | +23.4% |
| Intangible fixed assets | 21 | €24,645 | €22,904 | -€1,741 | -7.1% |
| Tangible fixed assets | 22/27 | €158,265 | €199,982 | +€41,717 | +26.4% |
| Plant, machinery and equipment | 23 | €87,210 | €154,327 | +€67,117 | +77.0% |
| Furniture and vehicles | 24 | €11,320 | €23,565 | +€12,245 | +108.2% |
| Leasing and similar rights | 25 | €59,735 | €22,090 | -€37,645 | -63.0% |
| Financial fixed assets | 28 | - | €2,860 | +€2,860 | |
| Current assets | 29/58 | €59,300 | €266,013 | +€206,712 | +348.6% |
| Amounts receivable within one year | 40/41 | €40,782 | €148,339 | +€107,557 | +263.7% |
| Trade receivables | 40 | €35,635 | €124,784 | +€89,149 | +250.2% |
| Other amounts receivable | 41 | €5,147 | €23,555 | +€18,408 | +357.6% |
| Cash at bank and in hand | 54/58 | €18,518 | €117,674 | +€99,156 | +535.5% |
| Total equity and liabilities | 10/49 | €242,210 | €491,759 | +€249,548 | +103.0% |
| Equity | 10/15 | €38,758 | €219,364 | +€180,606 | +466.0% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €35,758 | €216,364 | +€180,606 | +505.1% |
| Distributable reserves | 133 | €35,758 | €216,364 | +€180,606 | +505.1% |
| Amounts payable | 17/49 | €203,452 | €272,395 | +€68,943 | +33.9% |
| Amounts payable after more than one year | 17 | €129,962 | €118,018 | -€11,944 | -9.2% |
| Financial debts | 170/4 | €129,962 | €118,018 | -€11,944 | -9.2% |
| Amounts payable within one year | 42/48 | €73,490 | €120,550 | +€47,060 | +64.0% |
| Current portion of amounts payable after more than one year | 42 | €35,858 | €43,677 | +€7,820 | +21.8% |
| Trade debts | 44 | €177 | €15,927 | +€15,750 | +8911.2% |
| Suppliers | 440/4 | €177 | €15,927 | +€15,750 | +8911.2% |
| Taxes, remuneration and social security | 45 | €7,310 | €60,840 | +€53,530 | +732.3% |
| Taxes | 450/3 | €7,310 | €60,840 | +€53,530 | +732.3% |
| Other amounts payable | 47/48 | €30,145 | €105 | -€30,040 | -99.7% |
| Accrued charges and deferred income | 492/3 | - | €33,826 | +€33,826 | |
| Remuneration, social security and pensions | 62 | €4,042 | €31,301 | +€27,259 | +674.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €45,622 | €46,309 | +€687 | +1.5% |
| Other operating charges | 640/8 | €7,383 | €23,154 | +€15,771 | +213.6% |
| Gross operating margin | 9900 | €112,763 | €344,044 | +€231,281 | +205.1% |
| Operating profit (loss) | 9901 | €55,716 | €243,280 | +€187,564 | +336.6% |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €12,648 | €9,145 | -€3,503 | -27.7% |
| Recurring financial charges | 65 | €12,648 | €9,145 | -€3,503 | -27.7% |
| Profit (loss) for the period before taxes | 9903 | €43,069 | €234,136 | +€191,067 | +443.6% |
| Income taxes | 67/77 | €7,310 | €53,530 | +€46,220 | +632.3% |
| Profit (loss) for the period | 9904 | €35,758 | €180,606 | +€144,847 | +405.1% |
| Profit (loss) for the period to be appropriated | 9905 | €35,758 | €180,606 | +€144,847 | +405.1% |
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 9 October 2026 via checked.be.