Solar Waasland: what changed
Solar Waasland
Largest movements
- Receivables within one year +€27,157
up €27,157 (+71.4%), from €38,030 to €65,188
of which Other amounts receivable: +€22,597
- Cash -€18,576
down €18,576 (-65.6%), from €28,297 to €9,721
mainly Investment in fixed assets (net) (-€35,370) and Receivables within one year (-€27,157)
- Tangible fixed assets +€12,445
up €12,445 (+39.1%), from €31,814 to €44,259
of which Furniture and vehicles: +€9,615
- Financial fixed assets +€4,920
new in 2024: €4,920
- Reserves +€23,235
up €23,235 (+58.1%), from €39,964 to €63,199
- Trade debts +€17,803
up €17,803 (+77.7%), from €22,909 to €40,712
- Other debts -€13,750
no longer reported in 2024 (was €13,750)
- Staff costs +€79,884
up €79,884 (+908%), from €8,800 to €88,684
- Gross operating margin +€70,681
up €70,681 (+89.8%), from €78,696 to €149,377
- Depreciation +€16,027
up €16,027 (+810%), from €1,978 to €18,005
- Taxes -€4,623
down €4,623 (-26.1%), from €17,739 to €13,116
- Other operating charges +€4,151
up €4,151 (+3,626%), from €114 to €4,265
Change in the result, 2023 to 2024
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2023 and 2024 balance sheets and the 2024 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €98,141 | €124,612 | +€26,471 | +27.0% |
| Fixed assets | 21/28 | €31,814 | €49,179 | +€17,365 | +54.6% |
| Tangible fixed assets | 22/27 | €31,814 | €44,259 | +€12,445 | +39.1% |
| Plant, machinery and equipment | 23 | €1,686 | €4,517 | +€2,831 | +168% |
| Furniture and vehicles | 24 | €30,128 | €39,742 | +€9,615 | +31.9% |
| Financial fixed assets | 28 | - | €4,920 | +€4,920 | |
| Current assets | 29/58 | €66,327 | €75,433 | +€9,106 | +13.7% |
| Amounts receivable within one year | 40/41 | €38,030 | €65,188 | +€27,157 | +71.4% |
| Trade receivables | 40 | €23,320 | €27,881 | +€4,561 | +19.6% |
| Other amounts receivable | 41 | €14,710 | €37,307 | +€22,597 | +154% |
| Cash at bank and in hand | 54/58 | €28,297 | €9,721 | -€18,576 | -65.6% |
| Deferred charges and accrued income | 490/1 | - | €524 | +€524 | |
| Total equity and liabilities | 10/49 | €98,141 | €124,612 | +€26,471 | +27.0% |
| Equity | 10/15 | €41,964 | €65,199 | +€23,235 | +55.4% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €39,964 | €63,199 | +€23,235 | +58.1% |
| Distributable reserves | 133 | €39,964 | €63,199 | +€23,235 | +58.1% |
| Amounts payable | 17/49 | €56,177 | €59,414 | +€3,237 | +5.8% |
| Amounts payable within one year | 42/48 | €56,177 | €59,414 | +€3,237 | +5.8% |
| Trade debts | 44 | €22,909 | €40,712 | +€17,803 | +77.7% |
| Suppliers | 440/4 | €22,909 | €40,712 | +€17,803 | +77.7% |
| Taxes, remuneration and social security | 45 | €19,518 | €18,702 | -€816 | -4.2% |
| Taxes | 450/3 | €17,739 | €16,760 | -€978 | -5.5% |
| Remuneration and social security | 454/9 | €1,780 | €1,942 | +€162 | +9.1% |
| Other amounts payable | 47/48 | €13,750 | - | -€13,750 | |
| Remuneration, social security and pensions | 62 | €8,800 | €88,684 | +€79,884 | +908% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,978 | €18,005 | +€16,027 | +810% |
| Other operating charges | 640/8 | €114 | €4,265 | +€4,151 | +3,626% |
| Gross operating margin | 9900 | €78,696 | €149,377 | +€70,681 | +89.8% |
| Operating profit (loss) | 9901 | €67,804 | €38,423 | -€29,381 | -43.3% |
| Financial income | 75/76B | €27 | €1 | -€26 | -95.7% |
| Recurring financial income | 75 | €27 | €1 | -€26 | -95.7% |
| Financial charges | 65/66B | €128 | €2,074 | +€1,946 | +1,517% |
| Recurring financial charges | 65 | €128 | €2,074 | +€1,946 | +1,517% |
| Profit (loss) for the period before taxes | 9903 | €67,703 | €36,350 | -€31,352 | -46.3% |
| Income taxes | 67/77 | €17,739 | €13,116 | -€4,623 | -26.1% |
| Profit (loss) for the period | 9904 | €49,964 | €23,235 | -€26,730 | -53.5% |
| Profit (loss) for the period to be appropriated | 9905 | €49,964 | €23,235 | -€26,730 | -53.5% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Green is a favourable move for that line, red an unfavourable one. Prepared on 8 November 2026 via checked.be.