Solar-Com: 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-Com
Largest movements
- Tangible fixed assets -€622,889
down €622,889 (-45.3%), from €1.4m to €750,693
of which Leasing and similar rights: -€612,477
- Receivables within one year -€506,071
down €506,071 (-34.2%), from €1.5m to €975,172
of which Trade receivables: -€592,870
- Profit (loss) carried forward -€657,179
down €657,179 (-167%), from -€392,502 to -€1.0m
- Debts after one year -€307,335
down €307,335 (-9.5%), from €3.3m to €2.9m
of which Financial debts: -€200,660
- Trade debts -€109,310
down €109,310 (-67.3%), from €162,453 to €53,144
- Other operating charges +€621,682
up €621,682 (+896%), from €69,421 to €691,103
- Gross operating margin +€252,721
up €252,721 (+47.3%), from €534,735 to €787,456
- Write-downs -€81,465
down €81,465, from €37,314 to -€44,151
- Financial charges -€44,800
down €44,800 (-21.4%), from €208,865 to €164,065
- Taxes +€10,729
up €10,729, from €0 to €10,729
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.
Derived cash bridge
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 | €3,932,431 | €2,825,580 | -€1.1m | -28.1% |
| Fixed assets | 21/28 | €1,377,407 | €754,518 | -€622,889 | -45.2% |
| Tangible fixed assets | 22/27 | €1,373,582 | €750,693 | -€622,889 | -45.3% |
| Land and buildings | 22 | €260,000 | €260,000 | = | 0.0% |
| Plant, machinery and equipment | 23 | €21,235 | €16,335 | -€4,900 | -23.1% |
| Leasing and similar rights | 25 | €1,064,789 | €452,312 | -€612,477 | -57.5% |
| Other tangible fixed assets | 26 | €27,558 | €22,046 | -€5,512 | -20.0% |
| Financial fixed assets | 28 | €3,825 | €3,825 | = | 0.0% |
| Current assets | 29/58 | €2,555,024 | €2,071,062 | -€483,962 | -18.9% |
| Amounts receivable after more than one year | 29 | €550,533 | €550,533 | = | 0.0% |
| Other amounts receivable | 291 | €550,533 | €550,533 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €1,481,243 | €975,172 | -€506,071 | -34.2% |
| Trade receivables | 40 | €1,479,629 | €886,759 | -€592,870 | -40.1% |
| Other amounts receivable | 41 | €1,615 | €88,413 | +€86,799 | +5,376% |
| Cash at bank and in hand | 54/58 | €386,592 | €414,490 | +€27,898 | +7.2% |
| Deferred charges and accrued income | 490/1 | €136,655 | €130,867 | -€5,788 | -4.2% |
| Total equity and liabilities | 10/49 | €3,932,431 | €2,825,580 | -€1.1m | -28.1% |
| Equity | 10/15 | €207,046 | -€450,134 | -€657,179 | |
| Contributions | 10/11 | €300,000 | €300,000 | = | 0.0% |
| Reserves | 13 | €299,548 | €299,548 | = | 0.0% |
| Non-distributable reserves | 130/1 | €8,412 | €8,412 | = | 0.0% |
| Reserves not available under the articles | 1311 | €8,412 | €8,412 | = | 0.0% |
| Distributable reserves | 133 | €291,135 | €291,135 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€392,502 | -€1,049,681 | -€657,179 | -167% |
| Amounts payable | 17/49 | €3,725,385 | €3,275,714 | -€449,671 | -12.1% |
| Amounts payable after more than one year | 17 | €3,250,910 | €2,943,575 | -€307,335 | -9.5% |
| Financial debts | 170/4 | €575,860 | €375,200 | -€200,660 | -34.8% |
| Other amounts payable | 178/9 | €2,675,050 | €2,568,375 | -€106,675 | -4.0% |
| Amounts payable within one year | 42/48 | €474,475 | €322,259 | -€152,216 | -32.1% |
| Current portion of amounts payable after more than one year | 42 | €244,052 | €210,944 | -€33,109 | -13.6% |
| Trade debts | 44 | €162,453 | €53,144 | -€109,310 | -67.3% |
| Suppliers | 440/4 | €162,453 | €53,144 | -€109,310 | -67.3% |
| Taxes, remuneration and social security | 45 | €49,488 | €40,673 | -€8,816 | -17.8% |
| Taxes | 450/3 | €49,488 | €40,673 | -€8,816 | -17.8% |
| Other amounts payable | 47/48 | €18,481 | €17,499 | -€983 | -5.3% |
| Accrued charges and deferred income | 492/3 | - | €9,880 | +€9,880 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €620,983 | €622,889 | +€1,906 | +0.3% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €37,314 | -€44,151 | -€81,465 | |
| Other operating charges | 640/8 | €69,421 | €691,103 | +€621,682 | +896% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €534,735 | €787,456 | +€252,721 | +47.3% |
| Operating profit (loss) | 9901 | -€192,983 | -€482,385 | -€289,403 | -150% |
| Financial income | 75/76B | €9,346 | €0 | -€9,346 | -100% |
| Recurring financial income | 75 | €9,346 | €0 | -€9,346 | -100% |
| Financial charges | 65/66B | €208,865 | €164,065 | -€44,800 | -21.4% |
| Recurring financial charges | 65 | €208,865 | €164,065 | -€44,800 | -21.4% |
| Profit (loss) for the period before taxes | 9903 | -€392,502 | -€646,451 | -€253,949 | -64.7% |
| Income taxes | 67/77 | €0 | €10,729 | +€10,729 | |
| Profit (loss) for the period | 9904 | -€392,502 | -€657,179 | -€264,677 | -67.4% |
| Profit (loss) for the period to be appropriated | 9905 | -€392,502 | -€657,179 | -€264,677 | -67.4% |
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 14 October 2026 via checked.be.