SOLAR SYSTEM: 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 SYSTEM
Largest movements
- Receivables within one year -€100,260
down €100,260 (-67.2%), from €149,255 to €48,994
of which Trade receivables: -€108,687
- Cash +€59,993
up €59,993 (+71.9%), from €83,390 to €143,383
mainly Net result for the year (+€102,408) and Receivables within one year (+€100,260)
- Trade debts -€160,550
down €160,550 (-90.9%), from €176,653 to €16,103
of which Suppliers: -€118,775
- Profit (loss) carried forward +€102,408
up €102,408 (+250.0%), from €40,967 to €143,374
- Tax, wage and social debts +€21,109
up €21,109 (+213.4%), from €9,891 to €31,000
of which Taxes: +€24,709
- Gross operating margin +€93,268
up €93,268 (+218.2%), from €42,743 to €136,010
- Taxes +€30,000
new in 2024: €30,000
- Depreciation +€1,894
up €1,894 (+163.8%), from €1,156 to €3,050
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 | €238,420 | €200,478 | -€37,942 | -15.9% |
| Fixed assets | 21/28 | €5,460 | €7,477 | +€2,018 | +37.0% |
| Tangible fixed assets | 22/27 | €4,785 | €6,685 | +€1,900 | +39.7% |
| Furniture and vehicles | 24 | €4,785 | €6,685 | +€1,900 | +39.7% |
| Financial fixed assets | 28 | €675 | €793 | +€118 | +17.4% |
| Current assets | 29/58 | €232,960 | €193,000 | -€39,960 | -17.2% |
| Amounts receivable within one year | 40/41 | €149,255 | €48,994 | -€100,260 | -67.2% |
| Trade receivables | 40 | €149,255 | €40,568 | -€108,687 | -72.8% |
| Other amounts receivable | 41 | - | €8,426 | +€8,426 | |
| Cash at bank and in hand | 54/58 | €83,390 | €143,383 | +€59,993 | +71.9% |
| Deferred charges and accrued income | 490/1 | €316 | €623 | +€307 | +97.4% |
| Total equity and liabilities | 10/49 | €238,420 | €200,478 | -€37,942 | -15.9% |
| Equity | 10/15 | €50,967 | €153,374 | +€102,408 | +200.9% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €40,967 | €143,374 | +€102,408 | +250.0% |
| Amounts payable | 17/49 | €187,453 | €47,103 | -€140,350 | -74.9% |
| Amounts payable within one year | 42/48 | €187,453 | €47,103 | -€140,350 | -74.9% |
| Trade debts | 44 | €176,653 | €16,103 | -€160,550 | -90.9% |
| Suppliers | 440/4 | €133,113 | €14,338 | -€118,775 | -89.2% |
| Bills of exchange payable | 441 | €43,540 | €1,765 | -€41,775 | -95.9% |
| Advances received on contracts in progress | 46 | €456 | €0 | -€456 | -100.0% |
| Taxes, remuneration and social security | 45 | €9,891 | €31,000 | +€21,109 | +213.4% |
| Taxes | 450/3 | €5,291 | €30,000 | +€24,709 | +466.9% |
| Remuneration and social security | 454/9 | €4,600 | €1,000 | -€3,600 | -78.3% |
| Other amounts payable | 47/48 | €453 | €0 | -€453 | -100.0% |
| Non-recurring operating income | 76A | €42,743 | - | -€42,743 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,156 | €3,050 | +€1,894 | +163.8% |
| Other operating charges | 640/8 | €474 | €369 | -€104 | -22.0% |
| Gross operating margin | 9900 | €42,743 | €136,010 | +€93,268 | +218.2% |
| Operating profit (loss) | 9901 | €41,113 | €132,591 | +€91,478 | +222.5% |
| Financial income | 75/76B | €66 | €176 | +€111 | +168.8% |
| Recurring financial income | 75 | €66 | €176 | +€111 | +168.8% |
| Financial charges | 65/66B | €212 | €359 | +€148 | +69.7% |
| Recurring financial charges | 65 | €212 | €359 | +€148 | +69.7% |
| Profit (loss) for the period before taxes | 9903 | €40,967 | €132,408 | +€91,441 | +223.2% |
| Income taxes | 67/77 | - | €30,000 | +€30,000 | |
| Profit (loss) for the period | 9904 | €40,967 | €102,408 | +€61,441 | +150.0% |
| Profit (loss) for the period to be appropriated | 9905 | €40,967 | €102,408 | +€61,441 | +150.0% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.