SOLAR MANAGEMENT: what changed
What changed
SOLAR MANAGEMENT
NACE 64.210, Activities of holding companies
filed annual accounts (NBB)
Net result for the year
€34,525
2024 · €37,319-€2,793
Equity
€156,313
2024 · €171,787-€15,475
Cash
€31,980
2024 · €31,891+€89
Balance sheet total
€170,611
2024 · €201,444-€30,833
Largest movements
Assets
- Receivables within one year -€19,414
down €19,414 (-24.2%), from €80,310 to €60,896
of which Trade receivables: -€13,471
- Receivables after one year -€17,500
down €17,500 (-100%), from €17,500 to €0
- Deferred charges and accrued income +€6,260
up €6,260 (+57.2%), from €10,945 to €17,205
Equity and liabilities
- Profit (loss) carried forward -€15,475
down €15,475 (-9.0%), from €171,287 to €155,813
- Tax, wage and social debts -€9,061
down €9,061 (-64.8%), from €13,992 to €4,931
- Trade debts -€6,298
down €6,298 (-78.6%), from €8,009 to €1,712
Income statement
- Other operating charges +€2,162
up €2,162 (+1,539%), from €141 to €2,302
- Gross operating margin -€1,178
down €1,178 (-2.7%), from €43,942 to €42,764
- Taxes -€917
down €917 (-9.2%), from €9,971 to €9,054
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€37,319
Gross operating margin
-€1,178
Other operating charges
-€2,162
Financial income
-€411
Financial charges
+€40
Taxes
+€917
Result 2025
€34,525
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€50,089
Investment
€0
Financing
-€50,000
Cash 2024
€31,891
From operations (derived)
+€50,089
Net result for the year
+€34,525
Depreciation
+€267
Receivables after one year
+€17,500
Receivables within one year
+€19,414
Deferred charges and accrued income
-€6,260
Trade debts
-€6,298
Tax, wage and social debts
-€9,061
Financing
-€50,000
Contributions, distributions and other
-€50,000
Cash 2025
€31,980
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €201,444 | €170,611 | -€30,833 | -15.3% |
| Fixed assets | 21/28 | €60,798 | €60,530 | -€267 | -0.4% |
| Tangible fixed assets | 22/27 | €598 | €330 | -€267 | -44.8% |
| Furniture and vehicles | 24 | €598 | €330 | -€267 | -44.8% |
| Financial fixed assets | 28 | €60,200 | €60,200 | = | 0.0% |
| Current assets | 29/58 | €140,647 | €110,081 | -€30,566 | -21.7% |
| Amounts receivable after more than one year | 29 | €17,500 | €0 | -€17,500 | -100% |
| Other amounts receivable | 291 | €17,500 | €0 | -€17,500 | -100% |
| Amounts receivable within one year | 40/41 | €80,310 | €60,896 | -€19,414 | -24.2% |
| Trade receivables | 40 | €13,496 | €25 | -€13,471 | -99.8% |
| Other amounts receivable | 41 | €66,814 | €60,871 | -€5,943 | -8.9% |
| Current investments | 50/53 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €31,891 | €31,980 | +€89 | +0.3% |
| Deferred charges and accrued income | 490/1 | €10,945 | €17,205 | +€6,260 | +57.2% |
| Total equity and liabilities | 10/49 | €201,444 | €170,611 | -€30,833 | -15.3% |
| Equity | 10/15 | €171,787 | €156,313 | -€15,475 | -9.0% |
| Contributions | 10/11 | €500 | €500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €171,287 | €155,813 | -€15,475 | -9.0% |
| Amounts payable | 17/49 | €29,657 | €14,298 | -€15,359 | -51.8% |
| Amounts payable after more than one year | 17 | €7,580 | €7,580 | = | 0.0% |
| Financial debts | 170/4 | €7,580 | €7,580 | = | 0.0% |
| Amounts payable within one year | 42/48 | €22,001 | €6,642 | -€15,359 | -69.8% |
| Trade debts | 44 | €8,009 | €1,712 | -€6,298 | -78.6% |
| Suppliers | 440/4 | €8,009 | €1,712 | -€6,298 | -78.6% |
| Taxes, remuneration and social security | 45 | €13,992 | €4,931 | -€9,061 | -64.8% |
| Taxes | 450/3 | €13,992 | €4,931 | -€9,061 | -64.8% |
| Other amounts payable | 47/48 | €0 | - | = | |
| Accrued charges and deferred income | 492/3 | €76 | €76 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €267 | €267 | = | 0.0% |
| Other operating charges | 640/8 | €141 | €2,302 | +€2,162 | +1,539% |
| Gross operating margin | 9900 | €43,942 | €42,764 | -€1,178 | -2.7% |
| Operating profit (loss) | 9901 | €43,534 | €40,195 | -€3,339 | -7.7% |
| Financial income | 75/76B | €3,974 | €3,563 | -€411 | -10.4% |
| Recurring financial income | 75 | €3,974 | €3,563 | -€411 | -10.4% |
| Financial charges | 65/66B | €218 | €178 | -€40 | -18.4% |
| Recurring financial charges | 65 | €218 | €178 | -€40 | -18.4% |
| Profit (loss) for the period before taxes | 9903 | €47,290 | €43,579 | -€3,711 | -7.8% |
| Income taxes | 67/77 | €9,971 | €9,054 | -€917 | -9.2% |
| Profit (loss) for the period | 9904 | €37,319 | €34,525 | -€2,793 | -7.5% |
| Profit (loss) for the period to be appropriated | 9905 | €37,319 | €34,525 | -€2,793 | -7.5% |
Next steps
Work out how much credit to give this customer and on what payment terms.Credit check Check what to know before you do business with this company.Supplier due diligence Check whether you can accept this company as a client under the anti-money-laundering law.AML client file Compare this company with its sector.Sector benchmark
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 1 November 2026 via checked.be.