SOLAR ULTRON: 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 ULTRON
Largest movements
- Cash -€12,454
down €12,454 (-93.6%), from €13,302 to €848
mainly Other debts (-€18,161) and Net result for the year (-€2,153)
- Tangible fixed assets -€8,246
down €8,246 (-42.5%), from €19,403 to €11,157
- Receivables within one year +€2,092
up €2,092 (+218%), from €958 to €3,050
of which Other amounts receivable: +€1,783
- Other debts -€18,161
down €18,161 (-52.5%), from €34,594 to €16,434
- Profit (loss) carried forward -€2,153
down €2,153 (-217%), from -€990 to -€3,143
- Trade debts +€1,555
up €1,555 (+2,660%), from €58 to €1,614
- Gross operating margin +€10,271
up €10,271 (+735%), from €1,397 to €11,668
- Depreciation +€3,396
up €3,396 (+158%), from €2,156 to €5,551
- Other operating charges +€653
up €653 (+363%), from €180 to €833
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 | €33,663 | €15,054 | -€18,608 | -55.3% |
| Fixed assets | 21/28 | €19,403 | €11,157 | -€8,246 | -42.5% |
| Tangible fixed assets | 22/27 | €19,403 | €11,157 | -€8,246 | -42.5% |
| Furniture and vehicles | 24 | €19,403 | €11,157 | -€8,246 | -42.5% |
| Current assets | 29/58 | €14,260 | €3,897 | -€10,363 | -72.7% |
| Amounts receivable within one year | 40/41 | €958 | €3,050 | +€2,092 | +218% |
| Trade receivables | 40 | €359 | €668 | +€309 | +85.9% |
| Other amounts receivable | 41 | €599 | €2,382 | +€1,783 | +298% |
| Cash at bank and in hand | 54/58 | €13,302 | €848 | -€12,454 | -93.6% |
| Total equity and liabilities | 10/49 | €33,663 | €15,054 | -€18,608 | -55.3% |
| Equity | 10/15 | -€990 | -€3,143 | -€2,153 | -217% |
| Profit (loss) carried forward | 14 | -€990 | -€3,143 | -€2,153 | -217% |
| Amounts payable | 17/49 | €34,653 | €18,197 | -€16,456 | -47.5% |
| Amounts payable within one year | 42/48 | €34,653 | €18,197 | -€16,456 | -47.5% |
| Trade debts | 44 | €58 | €1,614 | +€1,555 | +2,660% |
| Suppliers | 440/4 | €58 | €1,614 | +€1,555 | +2,660% |
| Taxes, remuneration and social security | 45 | - | €150 | +€150 | |
| Taxes | 450/3 | - | €150 | +€150 | |
| Other amounts payable | 47/48 | €34,594 | €16,434 | -€18,161 | -52.5% |
| Non-recurring operating income | 76A | - | €6,468 | +€6,468 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,156 | €5,551 | +€3,396 | +158% |
| Other operating charges | 640/8 | €180 | €833 | +€653 | +363% |
| Non-recurring operating charges | 66A | - | €7,403 | +€7,403 | |
| Gross operating margin | 9900 | €1,397 | €11,668 | +€10,271 | +735% |
| Operating profit (loss) | 9901 | -€939 | -€2,120 | -€1,181 | -126% |
| Financial charges | 65/66B | €51 | €33 | -€18 | -35.7% |
| Recurring financial charges | 65 | €51 | €33 | -€18 | -35.7% |
| Profit (loss) for the period before taxes | 9903 | -€990 | -€2,153 | -€1,163 | -117% |
| Profit (loss) for the period | 9904 | -€990 | -€2,153 | -€1,163 | -117% |
| Profit (loss) for the period to be appropriated | 9905 | -€990 | -€2,153 | -€1,163 | -117% |
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 29 October 2026 via checked.be.