Solar-tech engineering: 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-tech engineering
Largest movements
- Cash -€224,870
down €224,870 (-22.8%), from €985,434 to €760,564
mainly Net result for the year (-€228,306) and Trade debts (-€171,600)
- Stocks and contracts -€178,163
down €178,163 (-22.7%), from €785,963 to €607,800
- Current investments -€85,220
down €85,220 (-85.3%), from €99,938 to €14,718
- Tangible fixed assets -€34,178
down €34,178 (-9.7%), from €351,971 to €317,794
of which Furniture and vehicles: -€23,560
- Profit (loss) carried forward -€228,306
down €228,306 (-47.2%), from €483,845 to €255,538
- Trade debts -€171,600
down €171,600 (-39.3%), from €437,153 to €265,553
- Accrued charges and deferred income -€110,716
down €110,716 (-99.4%), from €111,384 to €668
- Provisions +€178,377
no longer reported in 2025 (was -€178,377)
- Gross operating margin -€102,176
down €102,176 (-12.5%), from €820,398 to €718,222
- Financial charges -€64,886
down €64,886 (-33.7%), from €192,587 to €127,701
of which Financial charges: -€64,949
- Financial income -€61,274
down €61,274 (-77.8%), from €78,790 to €17,516
- Staff costs -€37,203
down €37,203 (-5.1%), from €736,534 to €699,331
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 | €3,103,021 | €2,589,581 | -€513,440 | -16.5% |
| Fixed assets | 21/28 | €364,835 | €330,657 | -€34,178 | -9.4% |
| Tangible fixed assets | 22/27 | €351,971 | €317,794 | -€34,178 | -9.7% |
| Land and buildings | 22 | €225,869 | €222,530 | -€3,339 | -1.5% |
| Plant, machinery and equipment | 23 | €40,886 | €33,607 | -€7,279 | -17.8% |
| Furniture and vehicles | 24 | €85,216 | €61,657 | -€23,560 | -27.6% |
| Financial fixed assets | 28 | €12,863 | €12,863 | = | 0.0% |
| Current assets | 29/58 | €2,738,186 | €2,258,924 | -€479,262 | -17.5% |
| Stocks and contracts in progress | 3 | €785,963 | €607,800 | -€178,163 | -22.7% |
| Stocks | 30/36 | €785,963 | €607,800 | -€178,163 | -22.7% |
| Amounts receivable within one year | 40/41 | €835,892 | €833,601 | -€2,292 | -0.3% |
| Trade receivables | 40 | €787,089 | €773,799 | -€13,289 | -1.7% |
| Other amounts receivable | 41 | €48,804 | €59,801 | +€10,998 | +22.5% |
| Current investments | 50/53 | €99,938 | €14,718 | -€85,220 | -85.3% |
| Cash at bank and in hand | 54/58 | €985,434 | €760,564 | -€224,870 | -22.8% |
| Deferred charges and accrued income | 490/1 | €30,959 | €42,242 | +€11,283 | +36.4% |
| Total equity and liabilities | 10/49 | €3,103,021 | €2,589,581 | -€513,440 | -16.5% |
| Equity | 10/15 | €2,310,305 | €2,081,998 | -€228,306 | -9.9% |
| Contributions | 10/11 | €12,000 | €12,000 | = | 0.0% |
| Reserves | 13 | €1,814,460 | €1,814,460 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Tax-exempt reserves | 132 | €252,600 | €252,600 | = | 0.0% |
| Distributable reserves | 133 | €1,560,000 | €1,560,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €483,845 | €255,538 | -€228,306 | -47.2% |
| Provisions and deferred taxes | 16 | €0 | - | = | |
| Deferred taxes | 168 | €0 | - | = | |
| Amounts payable | 17/49 | €792,716 | €507,583 | -€285,133 | -36.0% |
| Amounts payable after more than one year | 17 | €5,191 | €0 | -€5,191 | -100.0% |
| Financial debts | 170/4 | €5,191 | €0 | -€5,191 | -100.0% |
| Amounts payable within one year | 42/48 | €676,140 | €506,915 | -€169,225 | -25.0% |
| Current portion of amounts payable after more than one year | 42 | €24,136 | €5,191 | -€18,945 | -78.5% |
| Financial debts | 43 | €0 | - | = | |
| Credit institutions | 430/8 | €0 | - | = | |
| Trade debts | 44 | €437,153 | €265,553 | -€171,600 | -39.3% |
| Suppliers | 440/4 | €437,153 | €265,553 | -€171,600 | -39.3% |
| Taxes, remuneration and social security | 45 | €210,060 | €225,412 | +€15,352 | +7.3% |
| Taxes | 450/3 | €118,527 | €122,146 | +€3,619 | +3.1% |
| Remuneration and social security | 454/9 | €91,533 | €103,266 | +€11,733 | +12.8% |
| Other amounts payable | 47/48 | €4,792 | €10,759 | +€5,967 | +124.5% |
| Accrued charges and deferred income | 492/3 | €111,384 | €668 | -€110,716 | -99.4% |
| Remuneration, social security and pensions | 62 | €736,534 | €699,331 | -€37,203 | -5.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €92,803 | €79,266 | -€13,537 | -14.6% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | -€178,377 | - | +€178,377 | |
| Other operating charges | 640/8 | €35,282 | €27,616 | -€7,666 | -21.7% |
| Non-recurring operating charges | 66A | - | €25,000 | +€25,000 | |
| Gross operating margin | 9900 | €820,398 | €718,222 | -€102,176 | -12.5% |
| Operating profit (loss) | 9901 | €134,156 | -€112,991 | -€247,147 | |
| Financial income | 75/76B | €78,790 | €17,516 | -€61,274 | -77.8% |
| Recurring financial income | 75 | €78,790 | €17,516 | -€61,274 | -77.8% |
| Financial charges | 65/66B | €192,587 | €127,701 | -€64,886 | -33.7% |
| Recurring financial charges | 65 | €192,587 | €127,638 | -€64,949 | -33.7% |
| Non-recurring financial charges | 66B | - | €63 | +€63 | |
| Profit (loss) for the period before taxes | 9903 | €20,359 | -€223,176 | -€243,534 | |
| Income taxes | 67/77 | €13,007 | €5,131 | -€7,877 | -60.6% |
| Profit (loss) for the period | 9904 | €7,351 | -€228,306 | -€235,658 | |
| Profit (loss) for the period to be appropriated | 9905 | €7,351 | -€228,306 | -€235,658 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.