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Solarbuild 7: 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.

What changed

Solarbuild 7

BE 0802.273.439
NACE 35.110, Production of electricity from non-renewable sources
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€2,477
2024 · -€26,251+€28,728
Equity
-€18,176
2024 · -€20,653+€2,477
Cash
€38,848
2024 · €2,148+€36,700
Balance sheet total
€14.1m
2024 · €5.6m+€8.6m

Largest movements

2024 to 2025
Assets
  • Tangible fixed assets +€7.7m

    up €7.7m (+138.2%), from €5.5m to €13.2m

  • Receivables within one year +€689,626

    up €689,626 (+2756.0%), from €25,022 to €714,648

    of which Trade receivables: +€449,711

  • Intangible fixed assets +€163,097

    new in 2025: €163,097

Equity and liabilities
  • Debts after one year +€7.7m

    up €7.7m (+240.3%), from €3.2m to €10.8m

    of which Other amounts payable: +€4.1m

  • Trade debts +€837,015

    up €837,015 (+37.0%), from €2.3m to €3.1m

Income statement
  • Gross operating margin +€314,960

    up €314,960 (+732.9%), from €42,975 to €357,935

  • Financial charges +€157,493

    up €157,493 (+549.7%), from €28,652 to €186,145

  • Depreciation +€128,129

    up €128,129 (+318.8%), from €40,186 to €168,315

From the 2024 result to the 2025 result

effect on the 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.

Result 2024 -€26,251
Gross operating margin +€314,960
Depreciation -€128,129
Other operating charges -€611
Financial charges -€157,493
Result 2025 €2,477

Cash bridge derived

cash 2024 to 2025

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.

From operations +€313,861
Investment -€8.0m
Financing +€7.7m
Cash 2024 €2,148
Net result for the year +€2,477
Depreciation +€168,315
Receivables within one year -€689,626
Smaller working-capital items -€4,321
Trade debts +€837,015
Investment in fixed assets (net) -€8.0m
Debts after one year +€7.7m
Current portion of long-term debt +€64,838
Cash 2025 €38,848
Every line side by side 33 lines
Line Code 2024 2025 Change %
Total assets 20/58 €5,572,137 €14,126,607 +€8.6m +153.5%
Fixed assets 21/28 €5,544,352 €13,368,498 +€7.8m +141.1%
Intangible fixed assets 21 - €163,097 +€163,097
Tangible fixed assets 22/27 €5,544,352 €13,205,401 +€7.7m +138.2%
Plant, machinery and equipment 23 €5,544,352 €13,205,401 +€7.7m +138.2%
Current assets 29/58 €27,784 €758,109 +€730,325 +2628.5%
Amounts receivable within one year 40/41 €25,022 €714,648 +€689,626 +2756.0%
Trade receivables 40 €24,470 €474,181 +€449,711 +1837.8%
Other amounts receivable 41 €552 €240,467 +€239,915 +43470.8%
Cash at bank and in hand 54/58 €2,148 €38,848 +€36,700 +1708.5%
Deferred charges and accrued income 490/1 €614 €4,613 +€3,999 +651.5%
Total equity and liabilities 10/49 €5,572,137 €14,126,607 +€8.6m +153.5%
Equity 10/15 -€20,653 -€18,176 +€2,477 +12.0%
Contributions 10/11 €18,600 €18,600 = 0.0%
Profit (loss) carried forward 14 -€39,253 -€36,776 +€2,477 +6.3%
Amounts payable 17/49 €5,592,790 €14,144,783 +€8.6m +152.9%
Amounts payable after more than one year 17 €3,183,570 €10,834,033 +€7.7m +240.3%
Financial debts 170/4 €2,070,289 €5,595,752 +€3.5m +170.3%
Other amounts payable 178/9 €1,113,281 €5,238,281 +€4.1m +370.5%
Amounts payable within one year 42/48 €2,409,219 €3,310,750 +€901,531 +37.4%
Current portion of amounts payable after more than one year 42 €148,107 €212,945 +€64,838 +43.8%
Trade debts 44 €2,260,790 €3,097,805 +€837,015 +37.0%
Suppliers 440/4 €2,260,790 €3,097,805 +€837,015 +37.0%
Other amounts payable 47/48 €322 - -€322
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets 630 €40,186 €168,315 +€128,129 +318.8%
Other operating charges 640/8 €387 €998 +€611 +157.7%
Gross operating margin 9900 €42,975 €357,935 +€314,960 +732.9%
Operating profit (loss) 9901 €2,401 €188,622 +€186,221 +7754.8%
Financial charges 65/66B €28,652 €186,145 +€157,493 +549.7%
Recurring financial charges 65 €28,652 €186,145 +€157,493 +549.7%
Profit (loss) for the period before taxes 9903 -€26,251 €2,477 +€28,728
Profit (loss) for the period 9904 -€26,251 €2,477 +€28,728
Profit (loss) for the period to be appropriated 9905 -€26,251 €2,477 +€28,728

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 8 October 2026 via checked.be.