SOLARIVO: 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.
SOLARIVO
Largest movements
- Financial fixed assets +€264,150
new in 2025: €264,150
- Cash -€51,239
down €51,239 (-65.8%), from €77,843 to €26,604
mainly Investment in fixed assets (net) (-€264,150) and Receivables within one year (-€23,524)
- Receivables within one year +€23,524
up €23,524 (+206%), from €11,427 to €34,951
of which Other amounts receivable: +€24,000
- Tangible fixed assets -€3,954
down €3,954 (-28.6%), from €13,828 to €9,874
- Debts after one year +€120,008
new in 2025: €120,008
- Reserves +€61,985
up €61,985 (+89.5%), from €69,275 to €131,260
- Current portion of long-term debt +€35,751
new in 2025: €35,751
- Tax, wage and social debts +€14,737
up €14,737 (+44.9%), from €32,823 to €47,560
- Gross operating margin -€35,785
down €35,785 (-35.3%), from €101,481 to €65,696
- Financial income +€23,736
up €23,736 (+7,143%), from €332 to €24,068
- Taxes -€12,604
down €12,604 (-46.1%), from €27,359 to €14,755
- Financial charges +€7,946
up €7,946 (+16,816%), from €47 to €7,993
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 | €103,098 | €335,579 | +€232,481 | +225% |
| Fixed assets | 21/28 | €13,828 | €274,024 | +€260,196 | +1,882% |
| Tangible fixed assets | 22/27 | €13,828 | €9,874 | -€3,954 | -28.6% |
| Furniture and vehicles | 24 | €13,828 | €9,874 | -€3,954 | -28.6% |
| Financial fixed assets | 28 | - | €264,150 | +€264,150 | |
| Current assets | 29/58 | €89,269 | €61,555 | -€27,714 | -31.0% |
| Amounts receivable within one year | 40/41 | €11,427 | €34,951 | +€23,524 | +206% |
| Trade receivables | 40 | €11,427 | €10,951 | -€476 | -4.2% |
| Other amounts receivable | 41 | - | €24,000 | +€24,000 | |
| Cash at bank and in hand | 54/58 | €77,843 | €26,604 | -€51,239 | -65.8% |
| Total equity and liabilities | 10/49 | €103,098 | €335,579 | +€232,481 | +225% |
| Equity | 10/15 | €70,275 | €132,260 | +€61,985 | +88.2% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €69,275 | €131,260 | +€61,985 | +89.5% |
| Distributable reserves | 133 | €69,275 | €131,260 | +€61,985 | +89.5% |
| Amounts payable | 17/49 | €32,823 | €203,319 | +€170,496 | +519% |
| Amounts payable after more than one year | 17 | - | €120,008 | +€120,008 | |
| Financial debts | 170/4 | - | €120,008 | +€120,008 | |
| Amounts payable within one year | 42/48 | €32,823 | €83,311 | +€50,488 | +154% |
| Current portion of amounts payable after more than one year | 42 | - | €35,751 | +€35,751 | |
| Taxes, remuneration and social security | 45 | €32,823 | €47,560 | +€14,737 | +44.9% |
| Taxes | 450/3 | €32,823 | €47,560 | +€14,737 | +44.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,634 | €3,954 | +€320 | +8.8% |
| Other operating charges | 640/8 | €1,498 | €1,077 | -€421 | -28.1% |
| Gross operating margin | 9900 | €101,481 | €65,696 | -€35,785 | -35.3% |
| Operating profit (loss) | 9901 | €96,349 | €60,665 | -€35,684 | -37.0% |
| Financial income | 75/76B | €332 | €24,068 | +€23,736 | +7,143% |
| Recurring financial income | 75 | €332 | €24,068 | +€23,736 | +7,143% |
| Financial charges | 65/66B | €47 | €7,993 | +€7,946 | +16,816% |
| Recurring financial charges | 65 | €47 | €7,993 | +€7,946 | +16,816% |
| Profit (loss) for the period before taxes | 9903 | €96,634 | €76,740 | -€19,894 | -20.6% |
| Income taxes | 67/77 | €27,359 | €14,755 | -€12,604 | -46.1% |
| Profit (loss) for the period | 9904 | €69,275 | €61,985 | -€7,290 | -10.5% |
| Profit (loss) for the period to be appropriated | 9905 | €69,275 | €61,985 | -€7,290 | -10.5% |
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 31 October 2026 via checked.be.