SolarEnergyFund: 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.
SolarEnergyFund
Largest movements
- Cash -€117,999
down €117,999 (-70.2%), from €168,056 to €50,057
- Tangible fixed assets -€112,458
down €112,458 (-15.8%), from €709,704 to €597,246
- Receivables within one year +€53,880
up €53,880 (+157%), from €34,421 to €88,301
of which Trade receivables: +€55,591
- Debts after one year -€158,918
down €158,918 (-20.1%), from €790,198 to €631,280
- Profit (loss) carried forward -€41,941
down €41,941 (-41.3%), from -€101,640 to -€143,581
- Other debts +€18,576
up €18,576 (+7.7%), from €240,660 to €259,236
- Gross operating margin -€70,979
down €70,979 (-37.8%), from €187,532 to €116,553
- Purchases and services +€18,419
up €18,419 (+16.4%), from €112,468 to €130,887
- Financial charges -€7,853
down €7,853 (-15.6%), from €50,273 to €42,420
From the 2022 result to the 2023 result
The net result is not in both sets of accounts; without it the difference cannot be explained line by line.
Derived cash bridge
Cash or the result is not a separate line in both sets of accounts; the cash flow cannot be derived from them.
Every line side by side
| Line | Code | 2022 | 2023 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,015,620 | €845,667 | -€169,953 | -16.7% |
| Fixed assets | 21/28 | €709,704 | €597,246 | -€112,458 | -15.8% |
| Tangible fixed assets | 22/27 | €709,704 | €597,246 | -€112,458 | -15.8% |
| Leasing and similar rights | 25 | €709,704 | €597,246 | -€112,458 | -15.8% |
| Current assets | 29/58 | €305,916 | €248,421 | -€57,495 | -18.8% |
| Amounts receivable within one year | 40/41 | €34,421 | €88,301 | +€53,880 | +157% |
| Trade receivables | 40 | €9,840 | €65,431 | +€55,591 | +565% |
| Other amounts receivable | 41 | €24,581 | €22,870 | -€1,711 | -7.0% |
| Cash at bank and in hand | 54/58 | €168,056 | €50,057 | -€117,999 | -70.2% |
| Deferred charges and accrued income | 490/1 | €103,439 | €110,063 | +€6,624 | +6.4% |
| Total equity and liabilities | 10/49 | €1,015,620 | €845,667 | -€169,953 | -16.7% |
| Equity | 10/15 | -€94,201 | -€136,142 | -€41,941 | -44.5% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €1,239 | €1,239 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,239 | €1,239 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,239 | €1,239 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€101,640 | -€143,581 | -€41,941 | -41.3% |
| Amounts payable | 17/49 | €1,109,821 | €981,809 | -€128,012 | -11.5% |
| Amounts payable after more than one year | 17 | €790,198 | €631,280 | -€158,918 | -20.1% |
| Financial debts | 170/4 | €790,198 | €631,280 | -€158,918 | -20.1% |
| Amounts payable within one year | 42/48 | €314,750 | €341,813 | +€27,063 | +8.6% |
| Current portion of amounts payable after more than one year | 42 | €70,803 | €73,691 | +€2,888 | +4.1% |
| Trade debts | 44 | €3,287 | €8,886 | +€5,599 | +170% |
| Suppliers | 440/4 | €3,287 | €8,886 | +€5,599 | +170% |
| Other amounts payable | 47/48 | €240,660 | €259,236 | +€18,576 | +7.7% |
| Accrued charges and deferred income | 492/3 | €4,873 | €8,716 | +€3,843 | +78.9% |
| Goods, raw materials, services and sundry goods | 60/61 | €112,468 | €130,887 | +€18,419 | +16.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €114,493 | €114,804 | +€311 | +0.3% |
| Other operating charges | 640/8 | €1,267 | €1,398 | +€131 | +10.3% |
| Gross operating margin | 9900 | €187,532 | €116,553 | -€70,979 | -37.8% |
| Operating profit (loss) | 9901 | €71,772 | €351 | -€71,421 | -99.5% |
| Financial income | 75/76B | €11 | €128 | +€117 | +1,064% |
| Recurring financial income | 75 | €11 | €128 | +€117 | +1,064% |
| Financial charges | 65/66B | €50,273 | €42,420 | -€7,853 | -15.6% |
| Recurring financial charges | 65 | €50,273 | €42,420 | -€7,853 | -15.6% |
| Profit (loss) for the period before taxes | 9903 | €21,510 | -€41,941 | -€63,451 | |
| Income taxes | 67/77 | - | €0 | = | |
| Profit (loss) for the period | 9904 | €21,510 | - | -€21,510 | |
| Profit (loss) for the period to be appropriated | 9905 | €21,510 | - | -€21,510 |
Source: filed annual accounts (NBB), financial years ended 31 December 2022 and 31 December 2023. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 15 October 2026 via checked.be.