SOLARGLEZ: 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.
SOLARGLEZ
Largest movements
- Cash -€24,035
down €24,035 (-89.9%), from €26,728 to €2,693
mainly Net result for the year (-€37,402) and Other debts (-€6,652)
- Tangible fixed assets -€14,160
down €14,160 (-73.6%), from €19,248 to €5,088
- Financial fixed assets -€7,925
no longer reported in 2025 (was €7,925)
- Receivables within one year +€2,692
up €2,692 (+13.9%), from €19,391 to €22,082
of which Trade receivables: +€10,008
- Deferred charges and accrued income -€1,834
no longer reported in 2025 (was €1,834)
- Profit (loss) carried forward -€20,767
new in 2025: -€20,767
- Reserves -€16,636
down €16,636 (-27.0%), from €61,667 to €45,031
- Other debts -€6,652
no longer reported in 2025 (was €6,652)
- Trade debts -€1,205
down €1,205 (-29.1%), from €4,133 to €2,928
- Gross operating margin +€23,331
up €23,331 (+51.8%), from -€45,008 to -€21,677
- Depreciation -€5,563
down €5,563 (-71.9%), from €7,737 to €2,174
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 | €75,126 | €29,864 | -€45,262 | -60.2% |
| Fixed assets | 21/28 | €27,173 | €5,088 | -€22,085 | -81.3% |
| Tangible fixed assets | 22/27 | €19,248 | €5,088 | -€14,160 | -73.6% |
| Furniture and vehicles | 24 | €19,248 | €5,088 | -€14,160 | -73.6% |
| Financial fixed assets | 28 | €7,925 | - | -€7,925 | |
| Current assets | 29/58 | €47,953 | €24,775 | -€23,178 | -48.3% |
| Amounts receivable within one year | 40/41 | €19,391 | €22,082 | +€2,692 | +13.9% |
| Trade receivables | 40 | €6,984 | €16,991 | +€10,008 | +143.3% |
| Other amounts receivable | 41 | €12,407 | €5,091 | -€7,316 | -59.0% |
| Cash at bank and in hand | 54/58 | €26,728 | €2,693 | -€24,035 | -89.9% |
| Deferred charges and accrued income | 490/1 | €1,834 | - | -€1,834 | |
| Total equity and liabilities | 10/49 | €75,126 | €29,864 | -€45,262 | -60.2% |
| Equity | 10/15 | €64,167 | €26,765 | -€37,402 | -58.3% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Reserves | 13 | €61,667 | €45,031 | -€16,636 | -27.0% |
| Distributable reserves | 133 | €61,667 | €45,031 | -€16,636 | -27.0% |
| Profit (loss) carried forward | 14 | - | -€20,767 | -€20,767 | |
| Amounts payable | 17/49 | €10,959 | €3,099 | -€7,860 | -71.7% |
| Amounts payable within one year | 42/48 | €10,959 | €3,099 | -€7,860 | -71.7% |
| Trade debts | 44 | €4,133 | €2,928 | -€1,205 | -29.1% |
| Suppliers | 440/4 | €4,133 | €2,928 | -€1,205 | -29.1% |
| Taxes, remuneration and social security | 45 | €174 | €171 | -€4 | -2.1% |
| Taxes | 450/3 | €174 | €171 | -€4 | -2.1% |
| Other amounts payable | 47/48 | €6,652 | - | -€6,652 | |
| Non-recurring operating income | 76A | - | €1,006 | +€1,006 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,737 | €2,174 | -€5,563 | -71.9% |
| Other operating charges | 640/8 | €1,385 | €1,005 | -€380 | -27.4% |
| Non-recurring operating charges | 66A | €8,200 | €11,671 | +€3,471 | +42.3% |
| Gross operating margin | 9900 | -€45,008 | -€21,677 | +€23,331 | +51.8% |
| Operating profit (loss) | 9901 | -€62,329 | -€36,527 | +€25,803 | +41.4% |
| Financial income | 75/76B | - | €263 | +€263 | |
| Recurring financial income | 75 | - | €263 | +€263 | |
| Financial charges | 65/66B | €1,143 | €968 | -€175 | -15.3% |
| Recurring financial charges | 65 | €1,143 | €968 | -€175 | -15.3% |
| Profit (loss) for the period before taxes | 9903 | -€63,472 | -€37,231 | +€26,240 | +41.3% |
| Income taxes | 67/77 | €174 | €171 | -€4 | -2.1% |
| Profit (loss) for the period | 9904 | -€63,646 | -€37,402 | +€26,244 | +41.2% |
| Profit (loss) for the period to be appropriated | 9905 | -€63,646 | -€37,402 | +€26,244 | +41.2% |
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 5 October 2026 via checked.be.