SOLARECYCLE: 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.
SOLARECYCLE
Largest movements
- Tangible fixed assets -€121,811
down €121,811 (-100.0%), from €121,811 to €0
- Cash +€72,082
up €72,082 (+87.4%), from €82,441 to €154,522
mainly Depreciation (+€132,033) and Tax, wage and social debts (+€146)
- Receivables within one year +€48,869
up €48,869 (+16.0%), from €306,130 to €354,999
of which Other amounts receivable: +€131,101
- Intangible fixed assets -€10,221
down €10,221 (-58.7%), from €17,427 to €7,206
- Profit (loss) carried forward -€6,802
down €6,802 (-2.9%), from €237,681 to €230,879
- Turnover +€190,461
new in 2025: €190,461
- Depreciation -€125,075
down €125,075 (-48.6%), from €257,107 to €132,033
- Gross operating margin -€84,411
down €84,411 (-37.6%), from €224,612 to €140,201
- Purchases and services +€50,260
new in 2025: €50,260
- Taxes +€22,017
new in 2025: €22,017
From the 31-12-2024 result to the 31-12-2025 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 31-12-2024 and 31-12-2025 balance sheets and the 31-12-2025 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 31-12-2024 | 31-12-2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €530,029 | €519,464 | -€10,565 | -2.0% |
| Fixed assets | 21/28 | €139,238 | €7,206 | -€132,033 | -94.8% |
| Intangible fixed assets | 21 | €17,427 | €7,206 | -€10,221 | -58.7% |
| Tangible fixed assets | 22/27 | €121,811 | €0 | -€121,811 | -100.0% |
| Other tangible fixed assets | 26 | €121,811 | €0 | -€121,811 | -100.0% |
| Current assets | 29/58 | €390,790 | €512,258 | +€121,468 | +31.1% |
| Amounts receivable within one year | 40/41 | €306,130 | €354,999 | +€48,869 | +16.0% |
| Trade receivables | 40 | €105,582 | €23,350 | -€82,232 | -77.9% |
| Other amounts receivable | 41 | €200,548 | €331,649 | +€131,101 | +65.4% |
| Cash at bank and in hand | 54/58 | €82,441 | €154,522 | +€72,082 | +87.4% |
| Deferred charges and accrued income | 490/1 | €2,220 | €2,737 | +€517 | +23.3% |
| Total equity and liabilities | 10/49 | €530,029 | €519,464 | -€10,565 | -2.0% |
| Equity | 10/15 | €457,681 | €450,879 | -€6,802 | -1.5% |
| Contributions | 10/11 | €200,000 | €200,000 | = | 0.0% |
| Capital | 10 | €200,000 | €200,000 | = | 0.0% |
| Issued capital | 100 | €200,000 | €200,000 | = | 0.0% |
| Reserves | 13 | €20,000 | €20,000 | = | 0.0% |
| Non-distributable reserves | 130/1 | €20,000 | €20,000 | = | 0.0% |
| Legal reserve | 130 | €20,000 | €20,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €237,681 | €230,879 | -€6,802 | -2.9% |
| Amounts payable | 17/49 | €72,348 | €68,585 | -€3,763 | -5.2% |
| Amounts payable within one year | 42/48 | €72,348 | €68,585 | -€3,763 | -5.2% |
| Current portion of amounts payable after more than one year | 42 | €0 | - | = | |
| Trade debts | 44 | €63,408 | €59,499 | -€3,909 | -6.2% |
| Suppliers | 440/4 | €63,408 | €59,499 | -€3,909 | -6.2% |
| Taxes, remuneration and social security | 45 | €8,940 | €9,086 | +€146 | +1.6% |
| Taxes | 450/3 | €8,940 | €9,086 | +€146 | +1.6% |
| Turnover | 70 | - | €190,461 | +€190,461 | |
| Goods, raw materials, services and sundry goods | 60/61 | - | €50,260 | +€50,260 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €257,107 | €132,033 | -€125,075 | -48.6% |
| Other operating charges | 640/8 | €968 | €0 | -€968 | -100.0% |
| Gross operating margin | 9900 | €224,612 | €140,201 | -€84,411 | -37.6% |
| Operating profit (loss) | 9901 | -€33,463 | €8,169 | +€41,632 | |
| Financial income | 75/76B | €1,180 | €7,352 | +€6,172 | +522.9% |
| Recurring financial income | 75 | €1,180 | €7,352 | +€6,172 | +522.9% |
| Financial charges | 65/66B | €1,077 | €305 | -€772 | -71.7% |
| Recurring financial charges | 65 | €1,077 | €305 | -€772 | -71.7% |
| Profit (loss) for the period before taxes | 9903 | -€33,359 | €15,215 | +€48,575 | |
| Income taxes | 67/77 | - | €22,017 | +€22,017 | |
| Profit (loss) for the period | 9904 | -€33,359 | -€6,802 | +€26,558 | +79.6% |
| Profit (loss) for the period to be appropriated | 9905 | -€33,359 | -€6,802 | +€26,558 | +79.6% |
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 30 September 2026 via checked.be.