Solarbuild 5: 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.
Solarbuild 5
Largest movements
- Tangible fixed assets +€5.5m
up €5.5m (+43.6%), from €12.5m to €18.0m
of which Plant, machinery and equipment: +€5.5m
- Receivables within one year +€531,773
up €531,773 (+153%), from €346,760 to €878,533
of which Trade receivables: +€530,743
- Cash +€366,218
up €366,218 (+178%), from €206,199 to €572,417
mainly Debts after one year (+€2.8m) and Trade debts (+€1.5m)
- Debts after one year +€2.8m
up €2.8m (+28.0%), from €10.0m to €12.7m
of which Other amounts payable: +€1.6m
- Trade debts +€1.5m
up €1.5m (+75.5%), from €2.0m to €3.5m
- Reserves +€1.2m
up €1.2m (+213%), from €569,865 to €1.8m
- Other debts +€914,361
up €914,361 (+11,233%), from €8,140 to €922,501
- Current portion of long-term debt +€269,030
up €269,030 (+25.4%), from €1.1m to €1.3m
- Gross operating margin +€1.1m
up €1.1m (+80.1%), from €1.3m to €2.4m
- Depreciation +€164,498
up €164,498 (+28.4%), from €579,929 to €744,427
- Financial charges +€144,037
up €144,037 (+49.4%), from €291,667 to €435,704
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 | €13,596,276 | €20,264,831 | +€6.7m | +49.0% |
| Fixed assets | 21/28 | €12,995,096 | €18,634,364 | +€5.6m | +43.4% |
| Intangible fixed assets | 21 | €513 | €39,509 | +€38,996 | +7,602% |
| Tangible fixed assets | 22/27 | €12,532,814 | €17,997,898 | +€5.5m | +43.6% |
| Plant, machinery and equipment | 23 | €12,286,233 | €17,827,268 | +€5.5m | +45.1% |
| Assets under construction and advance payments | 27 | €246,581 | €170,630 | -€75,951 | -30.8% |
| Financial fixed assets | 28 | €461,769 | €596,957 | +€135,188 | +29.3% |
| Current assets | 29/58 | €601,180 | €1,630,467 | +€1.0m | +171% |
| Amounts receivable within one year | 40/41 | €346,760 | €878,533 | +€531,773 | +153% |
| Trade receivables | 40 | €346,760 | €877,503 | +€530,743 | +153% |
| Other amounts receivable | 41 | - | €1,030 | +€1,030 | |
| Cash at bank and in hand | 54/58 | €206,199 | €572,417 | +€366,218 | +178% |
| Deferred charges and accrued income | 490/1 | €48,220 | €179,517 | +€131,297 | +272% |
| Total equity and liabilities | 10/49 | €13,596,276 | €20,264,831 | +€6.7m | +49.0% |
| Equity | 10/15 | €588,465 | €1,805,011 | +€1.2m | +207% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €569,865 | €1,786,411 | +€1.2m | +213% |
| Distributable reserves | 133 | €569,865 | €1,786,411 | +€1.2m | +213% |
| Amounts payable | 17/49 | €13,007,811 | €18,459,820 | +€5.5m | +41.9% |
| Amounts payable after more than one year | 17 | €9,954,726 | €12,740,017 | +€2.8m | +28.0% |
| Financial debts | 170/4 | €6,842,538 | €8,067,828 | +€1.2m | +17.9% |
| Other amounts payable | 178/9 | €3,112,188 | €4,672,189 | +€1.6m | +50.1% |
| Amounts payable within one year | 42/48 | €3,053,085 | €5,719,803 | +€2.7m | +87.3% |
| Current portion of amounts payable after more than one year | 42 | €1,058,749 | €1,327,779 | +€269,030 | +25.4% |
| Trade debts | 44 | €1,976,729 | €3,469,523 | +€1.5m | +75.5% |
| Suppliers | 440/4 | €1,976,729 | €3,469,523 | +€1.5m | +75.5% |
| Taxes, remuneration and social security | 45 | €9,467 | - | -€9,467 | |
| Taxes | 450/3 | €9,467 | - | -€9,467 | |
| Other amounts payable | 47/48 | €8,140 | €922,501 | +€914,361 | +11,233% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €579,929 | €744,427 | +€164,498 | +28.4% |
| Other operating charges | 640/8 | €1,363 | €853 | -€510 | -37.4% |
| Non-recurring operating charges | 66A | €4,523 | €17,010 | +€12,487 | +276% |
| Gross operating margin | 9900 | €1,334,013 | €2,403,014 | +€1.1m | +80.1% |
| Operating profit (loss) | 9901 | €748,199 | €1,640,724 | +€892,525 | +119% |
| Financial income | 75/76B | €7,310 | €15,306 | +€7,996 | +109% |
| Recurring financial income | 75 | €7,310 | €15,306 | +€7,996 | +109% |
| Financial charges | 65/66B | €291,667 | €435,704 | +€144,037 | +49.4% |
| Recurring financial charges | 65 | €291,667 | €435,704 | +€144,037 | +49.4% |
| Profit (loss) for the period before taxes | 9903 | €463,842 | €1,220,326 | +€756,484 | +163% |
| Income taxes | 67/77 | €2,193 | €3,780 | +€1,587 | +72.4% |
| Profit (loss) for the period | 9904 | €461,649 | €1,216,546 | +€754,897 | +164% |
| Profit (loss) for the period to be appropriated | 9905 | €461,649 | €1,216,546 | +€754,897 | +164% |
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 25 October 2026 via checked.be.