SOLAR GEX: what changed
Two fiscal 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 GEX
Largest movements
- Receivables within one year +€6,783
up €6,783 (+38.3%), from €17,687 to €24,469
of which Trade receivables: +€6,805
- Tangible fixed assets +€4,930
up €4,930 (+199.0%), from €2,477 to €7,407
of which Furniture and vehicles: +€3,160
- Cash -€3,081
down €3,081 (-55.6%), from €5,543 to €2,462
mainly Receivables within one year (-€6,783) and Investment in fixed assets (net) (-€6,500)
- Profit (loss) carried forward +€4,202
up €4,202 (+61.2%), from €6,866 to €11,068
- Tax, wage and social debts +€2,757
up €2,757 (+134.4%), from €2,052 to €4,808
- Trade debts +€1,861
up €1,861 (+18.1%), from €10,309 to €12,170
- Purchases and services +€84,291
new in 2025: €84,291
- Turnover +€58,787
up €58,787 (+159.8%), from €36,782 to €95,569
- Gross operating margin +€10,503
up €10,503 (+607.5%), from €1,729 to €12,232
- Other operating charges +€2,873
up €2,873 (+726.4%), from €396 to €3,269
- Taxes +€2,536
up €2,536 (+1150.7%), from €220 to €2,757
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 | €25,707 | €34,527 | +€8,820 | +34.3% |
| Fixed assets | 21/28 | €2,477 | €7,407 | +€4,930 | +199.0% |
| Tangible fixed assets | 22/27 | €2,477 | €7,407 | +€4,930 | +199.0% |
| Plant, machinery and equipment | 23 | - | €1,770 | +€1,770 | |
| Furniture and vehicles | 24 | €2,477 | €5,637 | +€3,160 | +127.6% |
| Current assets | 29/58 | €23,230 | €27,120 | +€3,890 | +16.7% |
| Amounts receivable within one year | 40/41 | €17,687 | €24,469 | +€6,783 | +38.3% |
| Trade receivables | 40 | €15,677 | €22,482 | +€6,805 | +43.4% |
| Other amounts receivable | 41 | €2,010 | €1,987 | -€23 | -1.1% |
| Cash at bank and in hand | 54/58 | €5,543 | €2,462 | -€3,081 | -55.6% |
| Deferred charges and accrued income | 490/1 | - | €189 | +€189 | |
| Total equity and liabilities | 10/49 | €25,707 | €34,527 | +€8,820 | +34.3% |
| Equity | 10/15 | €7,366 | €11,568 | +€4,202 | +57.0% |
| Contributions | 10/11 | €500 | €500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €6,866 | €11,068 | +€4,202 | +61.2% |
| Amounts payable | 17/49 | €18,341 | €22,959 | +€4,618 | +25.2% |
| Amounts payable within one year | 42/48 | €18,341 | €22,959 | +€4,618 | +25.2% |
| Trade debts | 44 | €10,309 | €12,170 | +€1,861 | +18.1% |
| Suppliers | 440/4 | €10,309 | €12,170 | +€1,861 | +18.1% |
| Taxes, remuneration and social security | 45 | €2,052 | €4,808 | +€2,757 | +134.4% |
| Taxes | 450/3 | €2,052 | €4,808 | +€2,757 | +134.4% |
| Other amounts payable | 47/48 | €5,980 | €5,980 | = | 0.0% |
| Turnover | 70 | €36,782 | €95,569 | +€58,787 | +159.8% |
| Non-recurring operating income | 76A | €106 | - | -€106 | |
| Goods, raw materials, services and sundry goods | 60/61 | - | €84,291 | +€84,291 | |
| Remuneration, social security and pensions | 62 | - | €371 | +€371 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €782 | €1,570 | +€788 | +100.8% |
| Other operating charges | 640/8 | €396 | €3,269 | +€2,873 | +726.4% |
| Gross operating margin | 9900 | €1,729 | €12,232 | +€10,503 | +607.5% |
| Operating profit (loss) | 9901 | €552 | €7,022 | +€6,471 | +1172.6% |
| Financial charges | 65/66B | €78 | €64 | -€15 | -18.8% |
| Recurring financial charges | 65 | €78 | €64 | -€15 | -18.8% |
| Profit (loss) for the period before taxes | 9903 | €474 | €6,959 | +€6,485 | +1369.5% |
| Income taxes | 67/77 | €220 | €2,757 | +€2,536 | +1150.7% |
| Profit (loss) for the period | 9904 | €253 | €4,202 | +€3,949 | +1560.1% |
| Profit (loss) for the period to be appropriated | 9905 | €253 | €4,202 | +€3,949 | +1560.1% |
Source: filed annual accounts (NBB), fiscal 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.