SOLARPRO: 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.
SOLARPRO
Largest movements
- Receivables within one year +€2.1m
up €2.1m (+89.9%), from €2.3m to €4.3m
of which Trade receivables: +€1.8m
- Stocks and contracts -€188,048
down €188,048 (-25.7%), from €732,786 to €544,738
of which Contracts in progress: -€392,376
- Tangible fixed assets -€158,161
down €158,161 (-15.0%), from €1.1m to €896,533
- Cash -€88,495
down €88,495 (-80.7%), from €109,620 to €21,125
mainly Receivables within one year (-€2.1m) and Short-term financial debts (-€534,832)
- Accrued charges and deferred income +€1.5m
up €1.5m (+8,478%), from €17,491 to €1.5m
- Trade debts +€586,813
up €586,813 (+66.7%), from €879,285 to €1.5m
- Short-term financial debts -€534,832
down €534,832 (-34.2%), from €1.6m to €1.0m
- Profit (loss) carried forward +€327,034
up €327,034 (+32.8%), from -€998,262 to -€671,227
- Debts after one year -€137,252
down €137,252 (-27.9%), from €491,760 to €354,508
- Gross operating margin +€1.5m
up €1.5m (+184%), from €811,611 to €2.3m
- Staff costs -€159,074
down €159,074 (-12.4%), from €1.3m to €1.1m
- Financial charges -€91,733
down €91,733 (-61.6%), from €148,883 to €57,150
of which Financial charges: -€92,535
- Provisions -€55,961
down €55,961 (-99.2%), from €56,430 to €469
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 | €4,374,082 | €5,973,003 | +€1.6m | +36.6% |
| Fixed assets | 21/28 | €1,221,470 | €1,039,005 | -€182,466 | -14.9% |
| Intangible fixed assets | 21 | €56,101 | €32,047 | -€24,054 | -42.9% |
| Tangible fixed assets | 22/27 | €1,054,694 | €896,533 | -€158,161 | -15.0% |
| Land and buildings | 22 | €601,167 | €522,284 | -€78,883 | -13.1% |
| Plant, machinery and equipment | 23 | €185,198 | €192,631 | +€7,433 | +4.0% |
| Furniture and vehicles | 24 | €153,436 | €141,614 | -€11,822 | -7.7% |
| Leasing and similar rights | 25 | €88,771 | €14,365 | -€74,406 | -83.8% |
| Other tangible fixed assets | 26 | €26,122 | €25,639 | -€482 | -1.8% |
| Financial fixed assets | 28 | €110,675 | €110,425 | -€250 | -0.2% |
| Current assets | 29/58 | €3,152,612 | €4,933,998 | +€1.8m | +56.5% |
| Stocks and contracts in progress | 3 | €732,786 | €544,738 | -€188,048 | -25.7% |
| Stocks | 30/36 | €340,410 | €544,738 | +€204,328 | +60.0% |
| Contracts in progress | 37 | €392,376 | €0 | -€392,376 | -100% |
| Amounts receivable within one year | 40/41 | €2,281,746 | €4,333,869 | +€2.1m | +89.9% |
| Trade receivables | 40 | €1,786,011 | €3,558,631 | +€1.8m | +99.3% |
| Other amounts receivable | 41 | €495,735 | €775,238 | +€279,503 | +56.4% |
| Cash at bank and in hand | 54/58 | €109,620 | €21,125 | -€88,495 | -80.7% |
| Deferred charges and accrued income | 490/1 | €28,460 | €34,267 | +€5,807 | +20.4% |
| Total equity and liabilities | 10/49 | €4,374,082 | €5,973,003 | +€1.6m | +36.6% |
| Equity | 10/15 | €988,256 | €1,315,290 | +€327,034 | +33.1% |
| Contributions | 10/11 | €192,400 | €192,400 | = | 0.0% |
| Reserves | 13 | €1,794,118 | €1,794,118 | = | 0.0% |
| Tax-exempt reserves | 132 | €27,051 | €27,051 | = | 0.0% |
| Distributable reserves | 133 | €1,767,066 | €1,767,066 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€998,262 | -€671,227 | +€327,034 | +32.8% |
| Amounts payable | 17/49 | €3,385,826 | €4,657,712 | +€1.3m | +37.6% |
| Amounts payable after more than one year | 17 | €491,760 | €354,508 | -€137,252 | -27.9% |
| Financial debts | 170/4 | €491,760 | €354,508 | -€137,252 | -27.9% |
| Amounts payable within one year | 42/48 | €2,876,575 | €2,802,810 | -€73,765 | -2.6% |
| Current portion of amounts payable after more than one year | 42 | €146,272 | €123,681 | -€22,591 | -15.4% |
| Financial debts | 43 | €1,564,166 | €1,029,333 | -€534,832 | -34.2% |
| Credit institutions | 430/8 | €1,564,166 | €1,029,333 | -€534,832 | -34.2% |
| Trade debts | 44 | €879,285 | €1,466,099 | +€586,813 | +66.7% |
| Suppliers | 440/4 | €879,285 | €1,466,099 | +€586,813 | +66.7% |
| Taxes, remuneration and social security | 45 | €231,354 | €175,391 | -€55,963 | -24.2% |
| Taxes | 450/3 | €117,084 | €69,056 | -€48,029 | -41.0% |
| Remuneration and social security | 454/9 | €114,270 | €106,336 | -€7,934 | -6.9% |
| Other amounts payable | 47/48 | €55,498 | €8,306 | -€47,193 | -85.0% |
| Accrued charges and deferred income | 492/3 | €17,491 | €1,500,394 | +€1.5m | +8,478% |
| Non-recurring operating income | 76A | €413 | €0 | -€413 | -100% |
| Remuneration, social security and pensions | 62 | €1,284,365 | €1,125,291 | -€159,074 | -12.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €311,204 | €308,761 | -€2,443 | -0.8% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | €56,430 | €469 | -€55,961 | -99.2% |
| Other operating charges | 640/8 | €27,239 | €20,317 | -€6,922 | -25.4% |
| Non-recurring operating charges | 66A | - | €463,786 | +€463,786 | |
| Gross operating margin | 9900 | €811,611 | €2,304,675 | +€1.5m | +184% |
| Operating profit (loss) | 9901 | -€867,627 | €386,051 | +€1.3m | |
| Financial income | 75/76B | €20,196 | €39 | -€20,157 | -99.8% |
| Recurring financial income | 75 | €20,196 | €39 | -€20,157 | -99.8% |
| Financial charges | 65/66B | €148,883 | €57,150 | -€91,733 | -61.6% |
| Recurring financial charges | 65 | €148,883 | €56,348 | -€92,535 | -62.2% |
| Non-recurring financial charges | 66B | - | €803 | +€803 | |
| Profit (loss) for the period before taxes | 9903 | -€996,314 | €328,939 | +€1.3m | |
| Income taxes | 67/77 | €1,948 | €1,905 | -€42 | -2.2% |
| Profit (loss) for the period | 9904 | -€998,262 | €327,034 | +€1.3m | |
| Profit (loss) for the period to be appropriated | 9905 | -€998,262 | €327,034 | +€1.3m |
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.