Solar Pi: 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 Pi
Largest movements
- Tangible fixed assets -€87,330
down €87,330 (-35.0%), from €249,761 to €162,431
of which Land and buildings: -€90,195
- Cash +€21,369
up €21,369 (+270%), from €7,915 to €29,284
mainly Investment in fixed assets (net) (+€75,576) and Net result for the year (+€57,921)
- Deferred charges and accrued income +€2,915
up €2,915 (+170%), from €1,715 to €4,629
- Revaluation surpluses -€90,000
no longer reported in 2025 (was €90,000)
- Profit (loss) carried forward +€57,921
up €57,921 (+57.3%), from -€101,025 to -€43,104
- Debts after one year -€36,438
down €36,438 (-20.0%), from €181,891 to €145,453
- Trade debts +€3,504
up €3,504 (+343%), from €1,021 to €4,526
- Tax, wage and social debts -€2,813
down €2,813 (-32.3%), from €8,704 to €5,890
of which Remuneration and social security: -€2,678
- Gross operating margin +€43,110
up €43,110 (+55.0%), from €78,357 to €121,467
- Depreciation -€14,873
down €14,873 (-55.9%), from €26,627 to €11,754
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.
Derived cash bridge
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 | €262,555 | €197,693 | -€64,861 | -24.7% |
| Fixed assets | 21/28 | €249,811 | €162,481 | -€87,330 | -35.0% |
| Intangible fixed assets | 21 | €0 | - | = | |
| Tangible fixed assets | 22/27 | €249,761 | €162,431 | -€87,330 | -35.0% |
| Land and buildings | 22 | €248,314 | €158,119 | -€90,195 | -36.3% |
| Plant, machinery and equipment | 23 | €1,447 | €4,312 | +€2,865 | +198% |
| Financial fixed assets | 28 | €50 | €50 | = | 0.0% |
| Current assets | 29/58 | €12,744 | €35,212 | +€22,468 | +176% |
| Stocks and contracts in progress | 3 | €540 | €540 | = | 0.0% |
| Stocks | 30/36 | €540 | €540 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €2,574 | €759 | -€1,815 | -70.5% |
| Trade receivables | 40 | €2,574 | €759 | -€1,815 | -70.5% |
| Cash at bank and in hand | 54/58 | €7,915 | €29,284 | +€21,369 | +270% |
| Deferred charges and accrued income | 490/1 | €1,715 | €4,629 | +€2,915 | +170% |
| Total equity and liabilities | 10/49 | €262,555 | €197,693 | -€64,861 | -24.7% |
| Equity | 10/15 | €28,975 | -€3,104 | -€32,079 | |
| Contributions | 10/11 | €40,000 | €40,000 | = | 0.0% |
| Revaluation surpluses | 12 | €90,000 | - | -€90,000 | |
| Profit (loss) carried forward | 14 | -€101,025 | -€43,104 | +€57,921 | +57.3% |
| Amounts payable | 17/49 | €233,580 | €200,797 | -€32,783 | -14.0% |
| Amounts payable after more than one year | 17 | €181,891 | €145,453 | -€36,438 | -20.0% |
| Financial debts | 170/4 | €181,891 | €145,453 | -€36,438 | -20.0% |
| Amounts payable within one year | 42/48 | €48,289 | €53,644 | +€5,356 | +11.1% |
| Current portion of amounts payable after more than one year | 42 | €34,519 | €36,438 | +€1,920 | +5.6% |
| Trade debts | 44 | €1,021 | €4,526 | +€3,504 | +343% |
| Suppliers | 440/4 | €1,021 | €4,526 | +€3,504 | +343% |
| Taxes, remuneration and social security | 45 | €8,704 | €5,890 | -€2,813 | -32.3% |
| Taxes | 450/3 | €136 | - | -€136 | |
| Remuneration and social security | 454/9 | €8,568 | €5,890 | -€2,678 | -31.3% |
| Other amounts payable | 47/48 | €4,045 | €6,790 | +€2,745 | +67.8% |
| Accrued charges and deferred income | 492/3 | €3,400 | €1,700 | -€1,700 | -50.0% |
| Non-recurring operating income | 76A | - | €51,686 | +€51,686 | |
| Remuneration, social security and pensions | 62 | €41,844 | €42,764 | +€919 | +2.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €26,627 | €11,754 | -€14,873 | -55.9% |
| Other operating charges | 640/8 | €3,045 | €3,092 | +€47 | +1.5% |
| Gross operating margin | 9900 | €78,357 | €121,467 | +€43,110 | +55.0% |
| Operating profit (loss) | 9901 | €6,841 | €63,857 | +€57,016 | +833% |
| Financial income | 75/76B | €2 | €65 | +€63 | +2,622% |
| Recurring financial income | 75 | €2 | €65 | +€63 | +2,622% |
| Financial charges | 65/66B | €6,839 | €6,001 | -€838 | -12.2% |
| Recurring financial charges | 65 | €6,839 | €6,001 | -€838 | -12.2% |
| Profit (loss) for the period before taxes | 9903 | €4 | €57,921 | +€57,917 | +1,356,373% |
| Profit (loss) for the period | 9904 | €4 | €57,921 | +€57,917 | +1,356,373% |
| Profit (loss) for the period to be appropriated | 9905 | €4 | €57,921 | +€57,917 | +1,356,373% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 22 October 2026 via checked.be.