SOLAR TECHNICS: 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 TECHNICS
Largest movements
- Tangible fixed assets +€1.2m
up €1.2m (+38.4%), from €3.1m to €4.3m
of which Land and buildings: +€937,467
- Receivables within one year -€1.2m
down €1.2m (-51.9%), from €2.3m to €1.1m
of which Other amounts receivable: -€1.1m
- Receivables after one year +€267,000
up €267,000, from €0 to €267,000
- Cash -€152,228
down €152,228 (-70.6%), from €215,473 to €63,245
mainly Investment in fixed assets (net) (-€1.4m) and Other debts (-€787,368)
- Debts after one year +€1.2m
up €1.2m (+50.6%), from €2.4m to €3.6m
- Other debts -€787,368
down €787,368 (-88.1%), from €893,827 to €106,459
- Tax, wage and social debts -€223,316
down €223,316 (-72.0%), from €310,024 to €86,708
- Reserves -€81,319
down €81,319 (-4.5%), from €1.8m to €1.7m
of which Distributable reserves: -€81,319
- Trade debts +€75,299
up €75,299 (+598.5%), from €12,582 to €87,881
- Gross operating margin -€995,800
down €995,800 (-89.6%), from €1.1m to €115,357
- Taxes -€239,038
down €239,038 (-99.9%), from €239,338 to €301
- Depreciation +€126,074
up €126,074 (+154.9%), from €81,374 to €207,449
- Financial income +€108,789
up €108,789 (+11539.3%), from €943 to €109,732
- Financial charges -€15,669
down €15,669 (-14.4%), from €109,173 to €93,504
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 | €5,622,311 | €5,821,327 | +€199,016 | +3.5% |
| Fixed assets | 21/28 | €3,136,152 | €4,337,301 | +€1.2m | +38.3% |
| Tangible fixed assets | 22/27 | €3,131,152 | €4,332,301 | +€1.2m | +38.4% |
| Land and buildings | 22 | €2,767,090 | €3,704,557 | +€937,467 | +33.9% |
| Plant, machinery and equipment | 23 | €3,728 | €35,782 | +€32,053 | +859.7% |
| Furniture and vehicles | 24 | €2,902 | €14,977 | +€12,075 | +416.1% |
| Other tangible fixed assets | 26 | €92,745 | €90,004 | -€2,741 | -3.0% |
| Assets under construction and advance payments | 27 | €264,688 | €486,982 | +€222,295 | +84.0% |
| Financial fixed assets | 28 | €5,000 | €5,000 | = | 0.0% |
| Current assets | 29/58 | €2,486,159 | €1,484,026 | -€1.0m | -40.3% |
| Amounts receivable after more than one year | 29 | €0 | €267,000 | +€267,000 | |
| Other amounts receivable | 291 | €0 | €267,000 | +€267,000 | |
| Amounts receivable within one year | 40/41 | €2,263,154 | €1,088,988 | -€1.2m | -51.9% |
| Trade receivables | 40 | €38,545 | €13,604 | -€24,941 | -64.7% |
| Other amounts receivable | 41 | €2,224,609 | €1,075,384 | -€1.1m | -51.7% |
| Cash at bank and in hand | 54/58 | €215,473 | €63,245 | -€152,228 | -70.6% |
| Deferred charges and accrued income | 490/1 | €7,532 | €64,793 | +€57,261 | +760.2% |
| Total equity and liabilities | 10/49 | €5,622,311 | €5,821,327 | +€199,016 | +3.5% |
| Equity | 10/15 | €1,856,688 | €1,775,369 | -€81,319 | -4.4% |
| Contributions | 10/11 | €61,500 | €61,500 | = | 0.0% |
| Capital | 10 | €61,500 | €61,500 | = | 0.0% |
| Issued capital | 100 | €61,500 | €61,500 | = | 0.0% |
| Reserves | 13 | €1,795,188 | €1,713,869 | -€81,319 | -4.5% |
| Non-distributable reserves | 130/1 | €12,544 | €12,544 | = | 0.0% |
| Legal reserve | 130 | €12,544 | €12,544 | = | 0.0% |
| Tax-exempt reserves | 132 | €4,564 | €4,564 | = | 0.0% |
| Distributable reserves | 133 | €1,778,080 | €1,696,762 | -€81,319 | -4.6% |
| Amounts payable | 17/49 | €3,765,623 | €4,045,958 | +€280,335 | +7.4% |
| Amounts payable after more than one year | 17 | €2,380,124 | €3,583,406 | +€1.2m | +50.6% |
| Financial debts | 170/4 | €2,380,124 | €3,583,406 | +€1.2m | +50.6% |
| Amounts payable within one year | 42/48 | €1,385,373 | €462,552 | -€922,821 | -66.6% |
| Current portion of amounts payable after more than one year | 42 | €118,263 | €181,504 | +€63,241 | +53.5% |
| Financial debts | 43 | €50,677 | €0 | -€50,677 | -100.0% |
| Credit institutions | 430/8 | €50,677 | €0 | -€50,677 | -100.0% |
| Trade debts | 44 | €12,582 | €87,881 | +€75,299 | +598.5% |
| Suppliers | 440/4 | €12,582 | €87,881 | +€75,299 | +598.5% |
| Taxes, remuneration and social security | 45 | €310,024 | €86,708 | -€223,316 | -72.0% |
| Taxes | 450/3 | €310,024 | €86,708 | -€223,316 | -72.0% |
| Other amounts payable | 47/48 | €893,827 | €106,459 | -€787,368 | -88.1% |
| Accrued charges and deferred income | 492/3 | €126 | €0 | -€126 | -100.0% |
| Non-recurring operating income | 76A | €21,374 | €78 | -€21,296 | -99.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €81,374 | €207,449 | +€126,074 | +154.9% |
| Other operating charges | 640/8 | €4,728 | €5,154 | +€426 | +9.0% |
| Non-recurring operating charges | 66A | €10,832 | €0 | -€10,832 | -100.0% |
| Gross operating margin | 9900 | €1,111,157 | €115,357 | -€995,800 | -89.6% |
| Operating profit (loss) | 9901 | €1,014,223 | -€97,246 | -€1.1m | |
| Financial income | 75/76B | €943 | €109,732 | +€108,789 | +11539.3% |
| Recurring financial income | 75 | €943 | €109,732 | +€108,789 | +11539.3% |
| Financial charges | 65/66B | €109,173 | €93,504 | -€15,669 | -14.4% |
| Recurring financial charges | 65 | €109,173 | €93,504 | -€15,669 | -14.4% |
| Profit (loss) for the period before taxes | 9903 | €905,993 | -€81,018 | -€987,011 | |
| Income taxes | 67/77 | €239,338 | €301 | -€239,038 | -99.9% |
| Profit (loss) for the period | 9904 | €666,655 | -€81,319 | -€747,973 | |
| Profit (loss) for the period to be appropriated | 9905 | €666,655 | -€81,319 | -€747,973 |
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 6 October 2026 via checked.be.