Solar Engineering: 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 Engineering
Largest movements
- Receivables within one year -€133,549
down €133,549 (-65.1%), from €205,102 to €71,553
of which Other amounts receivable: -€81,931
- Stocks and contracts -€70,513
down €70,513 (-36.9%), from €190,879 to €120,366
- Cash +€47,762
up €47,762 (+75.1%), from €63,606 to €111,368
mainly Receivables within one year (+€133,549) and Stocks and contracts (+€70,513)
- Tangible fixed assets +€7,674
up €7,674 (+24.0%), from €32,008 to €39,682
of which Plant, machinery and equipment: +€9,144
- Deferred charges and accrued income +€5,312
up €5,312 (+123.9%), from €4,287 to €9,599
- Trade debts -€137,066
down €137,066 (-41.1%), from €333,533 to €196,466
- Accrued charges and deferred income -€55,590
no longer reported in 2025 (was €55,590)
- Other debts +€44,000
up €44,000 (+18236.8%), from €241 to €44,241
- Tax, wage and social debts -€6,677
down €6,677 (-42.0%), from €15,885 to €9,208
of which Taxes: -€5,458
- Provisions +€6,640
up €6,640 (+11.3%), from €58,840 to €65,480
- Gross operating margin -€107,313
down €107,313 (-65.7%), from €163,282 to €55,968
- Staff costs -€45,632
down €45,632 (-73.6%), from €61,969 to €16,337
- Write-downs -€33,508
down €33,508, from €20,956 to -€12,552
- Provisions -€17,200
down €17,200 (-72.1%), from €23,840 to €6,640
- Taxes -€6,443
down €6,443 (-66.9%), from €9,637 to €3,195
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 | €496,153 | €352,738 | -€143,415 | -28.9% |
| Fixed assets | 21/28 | €32,278 | €39,852 | +€7,574 | +23.5% |
| Tangible fixed assets | 22/27 | €32,008 | €39,682 | +€7,674 | +24.0% |
| Plant, machinery and equipment | 23 | €4,556 | €13,700 | +€9,144 | +200.7% |
| Furniture and vehicles | 24 | €27,452 | €25,983 | -€1,470 | -5.4% |
| Financial fixed assets | 28 | €270 | €170 | -€100 | -37.0% |
| Current assets | 29/58 | €463,874 | €312,886 | -€150,988 | -32.5% |
| Stocks and contracts in progress | 3 | €190,879 | €120,366 | -€70,513 | -36.9% |
| Stocks | 30/36 | €190,879 | €120,366 | -€70,513 | -36.9% |
| Amounts receivable within one year | 40/41 | €205,102 | €71,553 | -€133,549 | -65.1% |
| Trade receivables | 40 | €110,295 | €58,676 | -€51,619 | -46.8% |
| Other amounts receivable | 41 | €94,808 | €12,877 | -€81,931 | -86.4% |
| Cash at bank and in hand | 54/58 | €63,606 | €111,368 | +€47,762 | +75.1% |
| Deferred charges and accrued income | 490/1 | €4,287 | €9,599 | +€5,312 | +123.9% |
| Total equity and liabilities | 10/49 | €496,153 | €352,738 | -€143,415 | -28.9% |
| Equity | 10/15 | €32,063 | €37,342 | +€5,279 | +16.5% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €29,063 | €34,342 | +€5,279 | +18.2% |
| Provisions and deferred taxes | 16 | €58,840 | €65,480 | +€6,640 | +11.3% |
| Provisions for liabilities and charges | 160/5 | €58,840 | €65,480 | +€6,640 | +11.3% |
| Other liabilities and charges | 164/5 | €58,840 | €65,480 | +€6,640 | +11.3% |
| Amounts payable | 17/49 | €405,249 | €249,916 | -€155,333 | -38.3% |
| Amounts payable within one year | 42/48 | €349,659 | €249,916 | -€99,743 | -28.5% |
| Trade debts | 44 | €333,533 | €196,466 | -€137,066 | -41.1% |
| Suppliers | 440/4 | €333,533 | €196,466 | -€137,066 | -41.1% |
| Taxes, remuneration and social security | 45 | €15,885 | €9,208 | -€6,677 | -42.0% |
| Taxes | 450/3 | €9,637 | €4,179 | -€5,458 | -56.6% |
| Remuneration and social security | 454/9 | €6,248 | €5,029 | -€1,219 | -19.5% |
| Other amounts payable | 47/48 | €241 | €44,241 | +€44,000 | +18236.8% |
| Accrued charges and deferred income | 492/3 | €55,590 | - | -€55,590 | |
| Remuneration, social security and pensions | 62 | €61,969 | €16,337 | -€45,632 | -73.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,011 | €10,136 | -€875 | -7.9% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €20,956 | -€12,552 | -€33,508 | |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | €23,840 | €6,640 | -€17,200 | -72.1% |
| Other operating charges | 640/8 | €1,025 | €916 | -€108 | -10.6% |
| Gross operating margin | 9900 | €163,282 | €55,968 | -€107,313 | -65.7% |
| Operating profit (loss) | 9901 | €44,482 | €34,492 | -€9,990 | -22.5% |
| Financial income | 75/76B | €674 | €195 | -€479 | -71.0% |
| Recurring financial income | 75 | €674 | €195 | -€479 | -71.0% |
| Financial charges | 65/66B | €6,455 | €2,213 | -€4,242 | -65.7% |
| Recurring financial charges | 65 | €3,731 | €2,213 | -€1,518 | -40.7% |
| Non-recurring financial charges | 66B | €2,724 | - | -€2,724 | |
| Profit (loss) for the period before taxes | 9903 | €38,701 | €32,474 | -€6,227 | -16.1% |
| Income taxes | 67/77 | €9,637 | €3,195 | -€6,443 | -66.9% |
| Profit (loss) for the period | 9904 | €29,063 | €29,279 | +€216 | +0.7% |
| Profit (loss) for the period to be appropriated | 9905 | €29,063 | €29,279 | +€216 | +0.7% |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 10 October 2026 via checked.be.