SOLARE: 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.
SOLARE
Largest movements
- Cash +€22,076
up €22,076 (+186.5%), from €11,840 to €33,916
mainly Net result for the year (+€27,048) and Receivables within one year (+€3,436)
- Tangible fixed assets +€5,976
new in 2025: €5,976
- Receivables within one year -€3,436
down €3,436 (-18.7%), from €18,366 to €14,930
- Profit (loss) carried forward +€27,048
up €27,048 (+137.4%), from €19,687 to €46,736
- Advances received -€4,863
no longer reported in 2025 (was €4,863)
- Other debts +€1,468
up €1,468 (+223.9%), from €656 to €2,123
- Trade debts +€963
new in 2025: €963
- Gross operating margin +€14,552
up €14,552 (+73.3%), from €19,864 to €34,416
- Taxes +€6,000
new in 2025: €6,000
- Depreciation +€1,349
new in 2025: €1,349
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.
Cash bridge derived
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 | €30,206 | €54,822 | +€24,616 | +81.5% |
| Fixed assets | 21/28 | - | €5,976 | +€5,976 | |
| Tangible fixed assets | 22/27 | - | €5,976 | +€5,976 | |
| Furniture and vehicles | 24 | - | €5,976 | +€5,976 | |
| Current assets | 29/58 | €30,206 | €48,846 | +€18,640 | +61.7% |
| Amounts receivable within one year | 40/41 | €18,366 | €14,930 | -€3,436 | -18.7% |
| Trade receivables | 40 | €18,366 | €14,930 | -€3,436 | -18.7% |
| Cash at bank and in hand | 54/58 | €11,840 | €33,916 | +€22,076 | +186.5% |
| Total equity and liabilities | 10/49 | €30,206 | €54,822 | +€24,616 | +81.5% |
| Equity | 10/15 | €24,687 | €51,736 | +€27,048 | +109.6% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €19,687 | €46,736 | +€27,048 | +137.4% |
| Amounts payable | 17/49 | €5,518 | €3,086 | -€2,432 | -44.1% |
| Amounts payable within one year | 42/48 | €5,518 | €3,086 | -€2,432 | -44.1% |
| Trade debts | 44 | - | €963 | +€963 | |
| Suppliers | 440/4 | - | €963 | +€963 | |
| Advances received on contracts in progress | 46 | €4,863 | - | -€4,863 | |
| Other amounts payable | 47/48 | €656 | €2,123 | +€1,468 | +223.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €1,349 | +€1,349 | |
| Other operating charges | 640/8 | €177 | - | -€177 | |
| Gross operating margin | 9900 | €19,864 | €34,416 | +€14,552 | +73.3% |
| Operating profit (loss) | 9901 | €19,687 | €33,067 | +€13,380 | +68.0% |
| Financial charges | 65/66B | - | €19 | +€19 | |
| Recurring financial charges | 65 | - | €19 | +€19 | |
| Profit (loss) for the period before taxes | 9903 | €19,687 | €33,048 | +€13,361 | +67.9% |
| Income taxes | 67/77 | - | €6,000 | +€6,000 | |
| Profit (loss) for the period | 9904 | €19,687 | €27,048 | +€7,361 | +37.4% |
| Profit (loss) for the period to be appropriated | 9905 | €19,687 | €27,048 | +€7,361 | +37.4% |
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 4 October 2026 via checked.be.