SOLARLANDS: 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.
SOLARLANDS
Largest movements
- Cash -€15,400
down €15,400 (-23.8%), from €64,787 to €49,387
mainly Trade debts (-€13,828) and Debts after one year (-€11,307)
- Tangible fixed assets -€6,122
down €6,122 (-5.3%), from €116,179 to €110,058
of which Land and buildings: -€3,123
- Trade debts -€13,828
down €13,828 (-31.2%), from €44,260 to €30,432
- Debts after one year -€11,307
down €11,307 (-26.1%), from €43,373 to €32,066
- Other debts +€8,403
up €8,403 (+14.3%), from €58,859 to €67,262
- Gross operating margin +€87,995
up €87,995, from -€49,913 to €38,082
- Provisions +€72,982
no longer reported in 2025 (was -€72,982)
- Write-downs -€12,265
no longer reported in 2025 (was €12,265)
- Other operating charges +€5,069
up €5,069 (+536%), from €946 to €6,015
- Taxes +€2,085
up €2,085 (+221%), from €945 to €3,030
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 | €408,915 | €389,942 | -€18,974 | -4.6% |
| Fixed assets | 21/28 | €116,179 | €110,058 | -€6,122 | -5.3% |
| Tangible fixed assets | 22/27 | €116,179 | €110,058 | -€6,122 | -5.3% |
| Land and buildings | 22 | €101,024 | €97,901 | -€3,123 | -3.1% |
| Plant, machinery and equipment | 23 | €14,925 | €11,940 | -€2,985 | -20.0% |
| Furniture and vehicles | 24 | €230 | €217 | -€14 | -6.0% |
| Current assets | 29/58 | €292,736 | €279,884 | -€12,852 | -4.4% |
| Stocks and contracts in progress | 3 | €4,088 | €4,088 | = | 0.0% |
| Stocks | 30/36 | €4,088 | €4,088 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €222,821 | €224,526 | +€1,705 | +0.8% |
| Trade receivables | 40 | €137,164 | €140,610 | +€3,446 | +2.5% |
| Other amounts receivable | 41 | €85,657 | €83,916 | -€1,741 | -2.0% |
| Cash at bank and in hand | 54/58 | €64,787 | €49,387 | -€15,400 | -23.8% |
| Deferred charges and accrued income | 490/1 | €1,039 | €1,882 | +€843 | +81.1% |
| Total equity and liabilities | 10/49 | €408,915 | €389,942 | -€18,974 | -4.6% |
| Equity | 10/15 | €127,651 | €127,341 | -€311 | -0.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Capital | 10 | €18,600 | €18,600 | = | 0.0% |
| Issued capital | 100 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Legal reserve | 130 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €107,191 | €106,881 | -€311 | -0.3% |
| Provisions and deferred taxes | 16 | €114,339 | €114,339 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €114,339 | €114,339 | = | 0.0% |
| Other liabilities and charges | 164/5 | €114,339 | €114,339 | = | 0.0% |
| Amounts payable | 17/49 | €166,924 | €148,262 | -€18,663 | -11.2% |
| Amounts payable after more than one year | 17 | €43,373 | €32,066 | -€11,307 | -26.1% |
| Financial debts | 170/4 | €43,373 | €32,066 | -€11,307 | -26.1% |
| Amounts payable within one year | 42/48 | €123,552 | €116,196 | -€7,356 | -6.0% |
| Current portion of amounts payable after more than one year | 42 | €11,124 | €11,307 | +€184 | +1.6% |
| Trade debts | 44 | €44,260 | €30,432 | -€13,828 | -31.2% |
| Suppliers | 440/4 | €44,260 | €30,432 | -€13,828 | -31.2% |
| Taxes, remuneration and social security | 45 | €9,309 | €7,195 | -€2,115 | -22.7% |
| Taxes | 450/3 | €9,309 | €5,195 | -€4,115 | -44.2% |
| Remuneration and social security | 454/9 | - | €2,000 | +€2,000 | |
| Other amounts payable | 47/48 | €58,859 | €67,262 | +€8,403 | +14.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,122 | €6,122 | = | 0.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €12,265 | - | -€12,265 | |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | -€72,982 | - | +€72,982 | |
| Other operating charges | 640/8 | €946 | €6,015 | +€5,069 | +536% |
| Non-recurring operating charges | 66A | €463 | €22,129 | +€21,666 | +4,678% |
| Gross operating margin | 9900 | -€49,913 | €38,082 | +€87,995 | |
| Operating profit (loss) | 9901 | €3,273 | €3,816 | +€543 | +16.6% |
| Financial income | 75/76B | €12 | €1 | -€12 | -94.5% |
| Recurring financial income | 75 | €12 | €1 | -€12 | -94.5% |
| Financial charges | 65/66B | €1,732 | €1,098 | -€634 | -36.6% |
| Recurring financial charges | 65 | €1,732 | €1,098 | -€634 | -36.6% |
| Profit (loss) for the period before taxes | 9903 | €1,554 | €2,719 | +€1,165 | +74.9% |
| Income taxes | 67/77 | €945 | €3,030 | +€2,085 | +221% |
| Profit (loss) for the period | 9904 | €610 | -€311 | -€921 | |
| Profit (loss) for the period to be appropriated | 9905 | €610 | -€311 | -€921 |
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 15 October 2026 via checked.be.