SOLARIMEX: 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.
SOLARIMEX
Largest movements
- Receivables within one year +€2.8m
up €2.8m (+111%), from €2.6m to €5.4m
of which Trade receivables: +€1.6m
- Stocks and contracts -€1.0m
down €1.0m (-52.4%), from €2.0m to €930,525
- Cash +€124,660
up €124,660 (+609%), from €20,474 to €145,134
mainly Trade debts (+€1.4m) and Stocks and contracts (+€1.0m)
- Trade debts +€1.4m
up €1.4m (+42.2%), from €3.4m to €4.8m
- Debts after one year +€335,417
up €335,417 (+474%), from €70,760 to €406,177
- Profit (loss) carried forward +€144,373
up €144,373 (+36.8%), from €392,028 to €536,402
- Gross operating margin +€961,938
up €961,938 (+304%), from €316,715 to €1.3m
- Write-downs +€721,490
new in 2025: €721,490
- Taxes +€57,739
up €57,739 (+621%), from €9,295 to €67,035
- Financial charges +€29,392
up €29,392 (+103%), from €28,640 to €58,032
- Staff costs +€29,204
up €29,204 (+13.5%), from €215,615 to €244,819
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.
Derived cash bridge
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 | €4,588,175 | €6,498,434 | +€1.9m | +41.6% |
| Fixed assets | 21/28 | €54,887 | €34,329 | -€20,558 | -37.5% |
| Tangible fixed assets | 22/27 | €54,155 | €33,597 | -€20,558 | -38.0% |
| Land and buildings | 22 | €9,796 | €3,207 | -€6,589 | -67.3% |
| Plant, machinery and equipment | 23 | €19,042 | €11,376 | -€7,666 | -40.3% |
| Furniture and vehicles | 24 | €25,317 | €19,014 | -€6,303 | -24.9% |
| Financial fixed assets | 28 | €732 | €732 | = | 0.0% |
| Current assets | 29/58 | €4,533,288 | €6,464,105 | +€1.9m | +42.6% |
| Stocks and contracts in progress | 3 | €1,953,760 | €930,525 | -€1.0m | -52.4% |
| Stocks | 30/36 | €1,953,760 | €930,525 | -€1.0m | -52.4% |
| Amounts receivable within one year | 40/41 | €2,551,215 | €5,376,994 | +€2.8m | +111% |
| Trade receivables | 40 | €1,635,450 | €3,258,085 | +€1.6m | +99.2% |
| Other amounts receivable | 41 | €915,765 | €2,118,910 | +€1.2m | +131% |
| Cash at bank and in hand | 54/58 | €20,474 | €145,134 | +€124,660 | +609% |
| Deferred charges and accrued income | 490/1 | €7,839 | €11,453 | +€3,614 | +46.1% |
| Total equity and liabilities | 10/49 | €4,588,175 | €6,498,434 | +€1.9m | +41.6% |
| Equity | 10/15 | €412,028 | €556,402 | +€144,373 | +35.0% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €392,028 | €536,402 | +€144,373 | +36.8% |
| Amounts payable | 17/49 | €4,176,147 | €5,942,032 | +€1.8m | +42.3% |
| Amounts payable after more than one year | 17 | €70,760 | €406,177 | +€335,417 | +474% |
| Financial debts | 170/4 | €70,760 | €406,177 | +€335,417 | +474% |
| Amounts payable within one year | 42/48 | €4,105,387 | €5,535,856 | +€1.4m | +34.8% |
| Current portion of amounts payable after more than one year | 42 | €18,712 | €19,583 | +€872 | +4.7% |
| Financial debts | 43 | €161,290 | €150,000 | -€11,290 | -7.0% |
| Other loans | 439 | €161,290 | €150,000 | -€11,290 | -7.0% |
| Trade debts | 44 | €3,392,452 | €4,822,545 | +€1.4m | +42.2% |
| Suppliers | 440/4 | €3,392,452 | €4,822,545 | +€1.4m | +42.2% |
| Advances received on contracts in progress | 46 | €12,020 | €7,145 | -€4,875 | -40.6% |
| Taxes, remuneration and social security | 45 | €517,635 | €528,420 | +€10,785 | +2.1% |
| Taxes | 450/3 | €486,314 | €455,262 | -€31,052 | -6.4% |
| Remuneration and social security | 454/9 | €31,322 | €73,158 | +€41,837 | +134% |
| Other amounts payable | 47/48 | €3,277 | €8,162 | +€4,885 | +149% |
| Remuneration, social security and pensions | 62 | €215,615 | €244,819 | +€29,204 | +13.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €26,370 | €32,381 | +€6,011 | +22.8% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €721,490 | +€721,490 | |
| Other operating charges | 640/8 | €6,643 | €20,064 | +€13,421 | +202% |
| Gross operating margin | 9900 | €316,715 | €1,278,653 | +€961,938 | +304% |
| Operating profit (loss) | 9901 | €68,087 | €259,899 | +€191,812 | +282% |
| Financial income | 75/76B | €576 | €9,567 | +€8,992 | +1,562% |
| Recurring financial income | 75 | €576 | €9,567 | +€8,992 | +1,562% |
| Financial charges | 65/66B | €28,640 | €58,032 | +€29,392 | +103% |
| Recurring financial charges | 65 | €28,640 | €58,032 | +€29,392 | +103% |
| Profit (loss) for the period before taxes | 9903 | €40,023 | €211,435 | +€171,412 | +428% |
| Income taxes | 67/77 | €9,295 | €67,035 | +€57,739 | +621% |
| Profit (loss) for the period | 9904 | €30,727 | €144,400 | +€113,673 | +370% |
| Profit (loss) for the period to be appropriated | 9905 | €30,727 | €144,400 | +€113,673 | +370% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 13 October 2026 via checked.be.