SOLAR EXPORT: 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 EXPORT
Largest movements
- Receivables within one year +€231,808
up €231,808 (+95.4%), from €243,002 to €474,810
of which Trade receivables: +€225,446
- Cash -€14,408
down €14,408 (-70.5%), from €20,423 to €6,015
mainly Receivables within one year (-€231,808) and Stocks and contracts (-€6,500)
- Stocks and contracts +€6,500
up €6,500 (+14.9%), from €43,500 to €50,000
- Trade debts +€217,890
up €217,890 (+140.1%), from €155,469 to €373,359
- Tax, wage and social debts +€9,380
up €9,380 (+742.4%), from €1,263 to €10,643
of which Remuneration and social security: +€9,380
- Other debts -€6,427
down €6,427 (-51.4%), from €12,494 to €6,067
- Turnover +€1.6m
up €1.6m (+197.7%), from €800,707 to €2.4m
- Purchases and services +€1.6m
up €1.6m (+201.1%), from €785,137 to €2.4m
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €306,925 | €530,825 | +€223,900 | +72.9% |
| Current assets | 29/58 | €306,925 | €530,825 | +€223,900 | +72.9% |
| Stocks and contracts in progress | 3 | €43,500 | €50,000 | +€6,500 | +14.9% |
| Stocks | 30/36 | €43,500 | €50,000 | +€6,500 | +14.9% |
| Amounts receivable within one year | 40/41 | €243,002 | €474,810 | +€231,808 | +95.4% |
| Trade receivables | 40 | €242,234 | €467,680 | +€225,446 | +93.1% |
| Other amounts receivable | 41 | €768 | €7,130 | +€6,362 | +828.3% |
| Cash at bank and in hand | 54/58 | €20,423 | €6,015 | -€14,408 | -70.5% |
| Total equity and liabilities | 10/49 | €306,925 | €530,825 | +€223,900 | +72.9% |
| Equity | 10/15 | €9,867 | €10,697 | +€829 | +8.4% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €6,867 | €7,697 | +€829 | +12.1% |
| Amounts payable | 17/49 | €297,057 | €520,128 | +€223,071 | +75.1% |
| Amounts payable within one year | 42/48 | €297,057 | €520,128 | +€223,071 | +75.1% |
| Current portion of amounts payable after more than one year | 42 | - | €2,228 | +€2,228 | |
| Trade debts | 44 | €155,469 | €373,359 | +€217,890 | +140.1% |
| Suppliers | 440/4 | €155,469 | €373,359 | +€217,890 | +140.1% |
| Advances received on contracts in progress | 46 | €127,831 | €127,831 | = | 0.0% |
| Taxes, remuneration and social security | 45 | €1,263 | €10,643 | +€9,380 | +742.4% |
| Taxes | 450/3 | €1,263 | €1,263 | = | 0.0% |
| Remuneration and social security | 454/9 | - | €9,380 | +€9,380 | |
| Other amounts payable | 47/48 | €12,494 | €6,067 | -€6,427 | -51.4% |
| Turnover | 70 | €800,707 | €2,383,665 | +€1.6m | +197.7% |
| Goods, raw materials, services and sundry goods | 60/61 | €785,137 | €2,363,789 | +€1.6m | +201.1% |
| Remuneration, social security and pensions | 62 | €14,739 | €15,075 | +€336 | +2.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €839 | +€839 | |
| Other operating charges | 640/8 | €536 | - | -€536 | |
| Gross operating margin | 9900 | €15,569 | €19,876 | +€4,307 | +27.7% |
| Operating profit (loss) | 9901 | €295 | €3,963 | +€3,668 | +1245.4% |
| Financial charges | 65/66B | €228 | €698 | +€470 | +206.1% |
| Recurring financial charges | 65 | €228 | €698 | +€470 | +206.1% |
| Profit (loss) for the period before taxes | 9903 | €67 | €3,265 | +€3,198 | +4807.1% |
| Income taxes | 67/77 | - | €2,435 | +€2,435 | |
| Profit (loss) for the period | 9904 | €67 | €829 | +€763 | +1146.6% |
| Profit (loss) for the period to be appropriated | 9905 | €67 | €829 | +€763 | +1146.6% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 12 October 2026 via checked.be.