SOLAR PANELS BRUSSELS: 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 PANELS BRUSSELS
Largest movements
- Receivables within one year +€132,324
up €132,324 (+360%), from €36,806 to €169,131
of which Other amounts receivable: +€163,994
- Cash -€120,904
no longer reported in 2026 (was €120,904)
mainly Receivables within one year (-€132,324) and Provisions (-€6,710)
- Profit (loss) carried forward +€14,248
up €14,248 (+16.5%), from -€86,133 to -€71,884
- Provisions -€6,710
no longer reported in 2026 (was €6,710)
- Gross operating margin -€42,071
down €42,071 (-80.3%), from €52,423 to €10,352
- Depreciation -€24,452
down €24,452 (-99.0%), from €24,699 to €247
- Write-downs -€8,276
no longer reported in 2026 (was €8,276)
- Provisions -€8,193
down €8,193, from €1,483 to -€6,710
- Financial income +€1,431
new in 2026: €1,431
From the 2025 result to the 2026 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 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €158,329 | €169,131 | +€10,801 | +6.8% |
| Fixed assets | 21/28 | €618 | - | -€618 | |
| Tangible fixed assets | 22/27 | €618 | - | -€618 | |
| Plant, machinery and equipment | 23 | €618 | - | -€618 | |
| Current assets | 29/58 | €157,711 | €169,131 | +€11,420 | +7.2% |
| Amounts receivable within one year | 40/41 | €36,806 | €169,131 | +€132,324 | +360% |
| Trade receivables | 40 | €31,670 | - | -€31,670 | |
| Other amounts receivable | 41 | €5,136 | €169,131 | +€163,994 | +3,193% |
| Cash at bank and in hand | 54/58 | €120,904 | - | -€120,904 | |
| Total equity and liabilities | 10/49 | €158,329 | €169,131 | +€10,801 | +6.8% |
| Equity | 10/15 | €143,943 | €158,192 | +€14,248 | +9.9% |
| Contributions | 10/11 | €45,000 | €45,000 | = | 0.0% |
| Capital | 10 | €45,000 | - | -€45,000 | |
| Issued capital | 100 | €45,000 | - | -€45,000 | |
| Reserves | 13 | €185,076 | €185,076 | = | 0.0% |
| Distributable reserves | 133 | €185,076 | €185,076 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€86,133 | -€71,884 | +€14,248 | +16.5% |
| Provisions and deferred taxes | 16 | €6,710 | - | -€6,710 | |
| Provisions for liabilities and charges | 160/5 | €6,710 | - | -€6,710 | |
| Other liabilities and charges | 164/5 | €6,710 | - | -€6,710 | |
| Amounts payable | 17/49 | €7,676 | €10,939 | +€3,263 | +42.5% |
| Amounts payable within one year | 42/48 | €7,676 | €10,939 | +€3,263 | +42.5% |
| Trade debts | 44 | €5,946 | €7,525 | +€1,579 | +26.5% |
| Suppliers | 440/4 | €5,946 | €7,525 | +€1,579 | +26.5% |
| Taxes, remuneration and social security | 45 | €1,730 | €3,414 | +€1,684 | +97.3% |
| Taxes | 450/3 | €1,730 | €3,414 | +€1,684 | +97.3% |
| Non-recurring operating income | 76A | €13,217 | €22,748 | +€9,531 | +72.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €24,699 | €247 | -€24,452 | -99.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €8,276 | - | -€8,276 | |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | €1,483 | -€6,710 | -€8,193 | |
| Other operating charges | 640/8 | €528 | €371 | -€157 | -29.7% |
| Gross operating margin | 9900 | €52,423 | €10,352 | -€42,071 | -80.3% |
| Operating profit (loss) | 9901 | €17,437 | €16,443 | -€994 | -5.7% |
| Financial income | 75/76B | - | €1,431 | +€1,431 | |
| Recurring financial income | 75 | - | €1,431 | +€1,431 | |
| Financial charges | 65/66B | - | €2 | +€2 | |
| Recurring financial charges | 65 | - | €2 | +€2 | |
| Profit (loss) for the period before taxes | 9903 | €17,437 | €17,872 | +€435 | +2.5% |
| Income taxes | 67/77 | €4,919 | €3,624 | -€1,295 | -26.3% |
| Profit (loss) for the period | 9904 | €12,518 | €14,248 | +€1,730 | +13.8% |
| Profit (loss) for the period to be appropriated | 9905 | €12,518 | €14,248 | +€1,730 | +13.8% |
Source: filed annual accounts (NBB), financial years ended 31 March 2025 and 31 March 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 October 2026 via checked.be.