Solares: what changed
Solares
Largest movements
- Cash +€19,193
up €19,193 (+4,891%), from €392 to €19,585
mainly Short-term financial debts (+€17,500) and Trade debts (+€14,198)
- Receivables within one year +€15,295
up €15,295 (+29.4%), from €52,066 to €67,361
of which Trade receivables: +€12,999
- Deferred charges and accrued income +€3,354
new in 2026: €3,354
- Tangible fixed assets +€2,420
new in 2026: €2,420
- Short-term financial debts +€17,500
new in 2026: €17,500
- Trade debts +€14,198
up €14,198 (+80.6%), from €17,607 to €31,805
- Tax, wage and social debts +€7,035
up €7,035 (+99.6%), from €7,066 to €14,101
of which Remuneration and social security: +€9,216
- Reserves +€3,812
up €3,812 (+21.9%), from €17,396 to €21,208
- Other debts -€2,744
down €2,744 (-90.4%), from €3,035 to €291
- Staff costs +€96,248
up €96,248 (+462%), from €20,828 to €117,076
- Gross operating margin +€87,547
up €87,547 (+226%), from €38,705 to €126,252
- Taxes -€1,579
down €1,579 (-42.2%), from €3,739 to €2,160
Change in the result, 2025 to 2026
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2025 and 2026 balance sheets and the 2026 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €52,459 | €92,719 | +€40,260 | +76.7% |
| Fixed assets | 21/28 | - | €2,420 | +€2,420 | |
| Tangible fixed assets | 22/27 | - | €2,420 | +€2,420 | |
| Plant, machinery and equipment | 23 | - | €2,420 | +€2,420 | |
| Current assets | 29/58 | €52,459 | €90,299 | +€37,841 | +72.1% |
| Amounts receivable within one year | 40/41 | €52,066 | €67,361 | +€15,295 | +29.4% |
| Trade receivables | 40 | €46,988 | €59,987 | +€12,999 | +27.7% |
| Other amounts receivable | 41 | €5,078 | €7,374 | +€2,295 | +45.2% |
| Cash at bank and in hand | 54/58 | €392 | €19,585 | +€19,193 | +4,891% |
| Deferred charges and accrued income | 490/1 | - | €3,354 | +€3,354 | |
| Total equity and liabilities | 10/49 | €52,459 | €92,719 | +€40,260 | +76.7% |
| Equity | 10/15 | €22,396 | €26,208 | +€3,812 | +17.0% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €17,396 | €21,208 | +€3,812 | +21.9% |
| Distributable reserves | 133 | €17,396 | €21,208 | +€3,812 | +21.9% |
| Amounts payable | 17/49 | €30,063 | €66,511 | +€36,448 | +121% |
| Amounts payable within one year | 42/48 | €28,610 | €64,599 | +€35,989 | +126% |
| Current portion of amounts payable after more than one year | 42 | €902 | €902 | = | 0.0% |
| Financial debts | 43 | - | €17,500 | +€17,500 | |
| Credit institutions | 430/8 | - | €17,500 | +€17,500 | |
| Trade debts | 44 | €17,607 | €31,805 | +€14,198 | +80.6% |
| Suppliers | 440/4 | €17,607 | €31,805 | +€14,198 | +80.6% |
| Taxes, remuneration and social security | 45 | €7,066 | €14,101 | +€7,035 | +99.6% |
| Taxes | 450/3 | €4,341 | €2,160 | -€2,181 | -50.2% |
| Remuneration and social security | 454/9 | €2,725 | €11,941 | +€9,216 | +338% |
| Other amounts payable | 47/48 | €3,035 | €291 | -€2,744 | -90.4% |
| Accrued charges and deferred income | 492/3 | €1,454 | €1,912 | +€459 | +31.6% |
| Remuneration, social security and pensions | 62 | €20,828 | €117,076 | +€96,248 | +462% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €211 | +€211 | |
| Other operating charges | 640/8 | €1,534 | €1,810 | +€276 | +18.0% |
| Gross operating margin | 9900 | €38,705 | €126,252 | +€87,547 | +226% |
| Operating profit (loss) | 9901 | €16,343 | €7,155 | -€9,188 | -56.2% |
| Financial income | 75/76B | €1 | €1 | +€1 | +98.5% |
| Recurring financial income | 75 | €1 | €1 | +€1 | +98.5% |
| Financial charges | 65/66B | €676 | €1,185 | +€508 | +75.2% |
| Recurring financial charges | 65 | €676 | €1,185 | +€508 | +75.2% |
| Profit (loss) for the period before taxes | 9903 | €15,668 | €5,972 | -€9,696 | -61.9% |
| Income taxes | 67/77 | €3,739 | €2,160 | -€1,579 | -42.2% |
| Profit (loss) for the period | 9904 | €11,929 | €3,812 | -€8,116 | -68.0% |
| Profit (loss) for the period to be appropriated | 9905 | €11,929 | €3,812 | -€8,116 | -68.0% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 March 2025 and 31 March 2026. Green is a favourable move for that line, red an unfavourable one. Prepared on 3 November 2026 via checked.be.