SOLAR TRADE: 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 TRADE
Largest movements
- Receivables within one year +€75,665
up €75,665 (+102%), from €74,253 to €149,919
of which Trade receivables: +€75,665
- Cash +€61,756
up €61,756 (+50.4%), from €122,514 to €184,269
mainly Net result for the year (+€121,659) and Tax, wage and social debts (+€9,901)
- Profit (loss) carried forward +€121,659
up €121,659 (+118%), from €102,911 to €224,570
- Tax, wage and social debts +€9,901
up €9,901 (+31.9%), from €31,015 to €40,916
- Gross operating margin +€133,337
up €133,337 (+579%), from €23,032 to €156,369
- Taxes +€26,682
up €26,682 (+687%), from €3,883 to €30,565
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 | €196,767 | €334,188 | +€137,421 | +69.8% |
| Current assets | 29/58 | €196,767 | €334,188 | +€137,421 | +69.8% |
| Amounts receivable within one year | 40/41 | €74,253 | €149,919 | +€75,665 | +102% |
| Trade receivables | 40 | €70,136 | €145,802 | +€75,665 | +108% |
| Other amounts receivable | 41 | €4,117 | €4,117 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €122,514 | €184,269 | +€61,756 | +50.4% |
| Total equity and liabilities | 10/49 | €196,767 | €334,188 | +€137,421 | +69.8% |
| Equity | 10/15 | €107,911 | €229,570 | +€121,659 | +113% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €102,911 | €224,570 | +€121,659 | +118% |
| Amounts payable | 17/49 | €88,856 | €104,618 | +€15,762 | +17.7% |
| Amounts payable within one year | 42/48 | €88,856 | €104,618 | +€15,762 | +17.7% |
| Trade debts | 44 | €25,915 | €28,688 | +€2,773 | +10.7% |
| Suppliers | 440/4 | €25,915 | €28,688 | +€2,773 | +10.7% |
| Taxes, remuneration and social security | 45 | €31,015 | €40,916 | +€9,901 | +31.9% |
| Taxes | 450/3 | €31,015 | €40,916 | +€9,901 | +31.9% |
| Other amounts payable | 47/48 | €31,926 | €35,014 | +€3,088 | +9.7% |
| Gross operating margin | 9900 | €23,032 | €156,369 | +€133,337 | +579% |
| Operating profit (loss) | 9901 | €23,032 | €156,369 | +€133,337 | +579% |
| Financial income | 75/76B | €0 | - | -€0 | |
| Recurring financial income | 75 | €0 | - | -€0 | |
| Financial charges | 65/66B | €3,618 | €4,145 | +€527 | +14.6% |
| Recurring financial charges | 65 | €3,618 | €4,145 | +€527 | +14.6% |
| Profit (loss) for the period before taxes | 9903 | €19,415 | €152,224 | +€132,809 | +684% |
| Income taxes | 67/77 | €3,883 | €30,565 | +€26,682 | +687% |
| Profit (loss) for the period | 9904 | €15,532 | €121,659 | +€106,127 | +683% |
| Profit (loss) for the period to be appropriated | 9905 | €15,532 | €121,659 | +€106,127 | +683% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 16 October 2026 via checked.be.