Solar-Tec: 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-Tec
Largest movements
- Receivables within one year +€877,954
up €877,954 (+96.4%), from €910,879 to €1.8m
of which Other amounts receivable: +€794,933
- Cash -€415,727
down €415,727 (-51.3%), from €810,441 to €394,714
mainly Receivables within one year (-€877,954) and Investment in fixed assets (net) (-€465,676)
- Tangible fixed assets +€352,551
up €352,551 (+26.2%), from €1.3m to €1.7m
of which Land and buildings: +€368,194
- Stocks and contracts -€188,456
down €188,456 (-72.3%), from €260,820 to €72,363
- Receivables after one year +€91,011
up €91,011 (+48.5%), from €187,560 to €278,571
- Debts after one year +€418,677
up €418,677 (+46.4%), from €901,825 to €1.3m
- Reserves +€293,334
up €293,334 (+24.2%), from €1.2m to €1.5m
of which Tax-exempt reserves: +€212,486
- Trade debts +€221,602
up €221,602 (+34.8%), from €635,897 to €857,499
- Other debts -€200,000
no longer reported in 2025 (was €200,000)
- Provisions -€130,693
down €130,693 (-46.9%), from €278,896 to €148,203
of which Provisions for liabilities and charges: -€201,522
- Gross operating margin -€803,153
down €803,153 (-63.2%), from €1.3m to €467,159
- Provisions -€201,522
down €201,522 (-72.3%), from €278,896 to €77,374
- Taxes -€153,791
down €153,791 (-87.1%), from €176,472 to €22,681
- Staff costs +€51,365
up €51,365 (+14.1%), from €363,285 to €414,650
- Write-downs +€31,810
up €31,810 (+10.2%), from -€310,706 to -€278,896
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 | €3,561,602 | €4,282,584 | +€720,982 | +20.2% |
| Fixed assets | 21/28 | €1,378,943 | €1,731,494 | +€352,551 | +25.6% |
| Tangible fixed assets | 22/27 | €1,345,043 | €1,697,594 | +€352,551 | +26.2% |
| Land and buildings | 22 | €1,220,174 | €1,588,367 | +€368,194 | +30.2% |
| Plant, machinery and equipment | 23 | €20,126 | €12,864 | -€7,262 | -36.1% |
| Furniture and vehicles | 24 | €104,743 | €96,363 | -€8,380 | -8.0% |
| Financial fixed assets | 28 | €33,900 | €33,900 | = | 0.0% |
| Current assets | 29/58 | €2,182,659 | €2,551,090 | +€368,431 | +16.9% |
| Amounts receivable after more than one year | 29 | €187,560 | €278,571 | +€91,011 | +48.5% |
| Other amounts receivable | 291 | €187,560 | €278,571 | +€91,011 | +48.5% |
| Stocks and contracts in progress | 3 | €260,820 | €72,363 | -€188,456 | -72.3% |
| Stocks | 30/36 | €260,820 | €72,363 | -€188,456 | -72.3% |
| Amounts receivable within one year | 40/41 | €910,879 | €1,788,834 | +€877,954 | +96.4% |
| Trade receivables | 40 | €646,296 | €729,317 | +€83,022 | +12.8% |
| Other amounts receivable | 41 | €264,584 | €1,059,516 | +€794,933 | +300.4% |
| Cash at bank and in hand | 54/58 | €810,441 | €394,714 | -€415,727 | -51.3% |
| Deferred charges and accrued income | 490/1 | €12,959 | €16,608 | +€3,649 | +28.2% |
| Total equity and liabilities | 10/49 | €3,561,602 | €4,282,584 | +€720,982 | +20.2% |
| Equity | 10/15 | €1,385,081 | €1,678,415 | +€293,334 | +21.2% |
| Contributions | 10/11 | €23,081 | €23,081 | = | 0.0% |
| Reserves | 13 | €1,210,354 | €1,503,688 | +€293,334 | +24.2% |
| Tax-exempt reserves | 132 | - | €212,486 | +€212,486 | |
| Distributable reserves | 133 | €1,210,354 | €1,291,202 | +€80,848 | +6.7% |
| Profit (loss) carried forward | 14 | €151,646 | €151,646 | = | 0.0% |
| Provisions and deferred taxes | 16 | €278,896 | €148,203 | -€130,693 | -46.9% |
| Provisions for liabilities and charges | 160/5 | €278,896 | €77,374 | -€201,522 | -72.3% |
| Environmental obligations | 163 | €278,896 | €77,374 | -€201,522 | -72.3% |
| Deferred taxes | 168 | - | €70,829 | +€70,829 | |
| Amounts payable | 17/49 | €1,897,626 | €2,455,966 | +€558,340 | +29.4% |
| Amounts payable after more than one year | 17 | €901,825 | €1,320,502 | +€418,677 | +46.4% |
| Financial debts | 170/4 | €901,825 | €1,320,502 | +€418,677 | +46.4% |
| Amounts payable within one year | 42/48 | €966,736 | €1,009,824 | +€43,088 | +4.5% |
| Current portion of amounts payable after more than one year | 42 | €73,464 | €104,065 | +€30,601 | +41.7% |
| Trade debts | 44 | €635,897 | €857,499 | +€221,602 | +34.8% |
| Suppliers | 440/4 | €635,897 | €857,499 | +€221,602 | +34.8% |
| Taxes, remuneration and social security | 45 | €57,375 | €48,260 | -€9,114 | -15.9% |
| Taxes | 450/3 | €4,233 | €414 | -€3,820 | -90.2% |
| Remuneration and social security | 454/9 | €53,142 | €47,847 | -€5,295 | -10.0% |
| Other amounts payable | 47/48 | €200,000 | - | -€200,000 | |
| Accrued charges and deferred income | 492/3 | €29,065 | €125,640 | +€96,575 | +332.3% |
| Non-recurring operating income | 76A | - | €215,876 | +€215,876 | |
| Remuneration, social security and pensions | 62 | €363,285 | €414,650 | +€51,365 | +14.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €105,784 | €113,125 | +€7,341 | +6.9% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€310,706 | -€278,896 | +€31,810 | +10.2% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | €278,896 | €77,374 | -€201,522 | -72.3% |
| Other operating charges | 640/8 | €7,230 | €11,101 | +€3,871 | +53.5% |
| Gross operating margin | 9900 | €1,270,312 | €467,159 | -€803,153 | -63.2% |
| Operating profit (loss) | 9901 | €825,824 | €129,805 | -€696,019 | -84.3% |
| Financial income | 75/76B | €8,271 | €6,328 | -€1,943 | -23.5% |
| Recurring financial income | 75 | €8,271 | €6,328 | -€1,943 | -23.5% |
| Financial charges | 65/66B | €79,538 | €65,285 | -€14,252 | -17.9% |
| Recurring financial charges | 65 | €67,882 | €65,285 | -€2,596 | -3.8% |
| Non-recurring financial charges | 66B | €11,656 | - | -€11,656 | |
| Profit (loss) for the period before taxes | 9903 | €754,557 | €70,847 | -€683,710 | -90.6% |
| Transfer from deferred taxes | 780 | - | €32,682 | +€32,682 | |
| Income taxes | 67/77 | €176,472 | €22,681 | -€153,791 | -87.1% |
| Profit (loss) for the period | 9904 | €578,085 | €80,848 | -€497,236 | -86.0% |
| Profit (loss) for the period to be appropriated | 9905 | €578,085 | €80,848 | -€497,236 | -86.0% |
Source: filed annual accounts (NBB), fiscal years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.