SolarPulse VI: 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.
SolarPulse VI
Largest movements
- Tangible fixed assets -€199,528
down €199,528 (-14.1%), from €1.4m to €1.2m
- Cash +€107,296
up €107,296 (+41.7%), from €257,482 to €364,778
mainly Depreciation (+€199,528) and Net result for the year (+€161,468)
- Debts after one year -€263,240
down €263,240 (-31.6%), from €834,285 to €571,045
- Profit (loss) carried forward +€121,447
up €121,447 (+149%), from €81,378 to €202,825
- Other debts +€40,021
up €40,021 (+47.1%), from €84,979 to €125,000
- Gross operating margin +€98,087
up €98,087 (+30.3%), from €323,403 to €421,490
- Financial charges -€8,293
down €8,293 (-12.3%), from €67,587 to €59,294
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 | €1,681,232 | €1,591,292 | -€89,940 | -5.3% |
| Fixed assets | 21/28 | €1,414,914 | €1,215,386 | -€199,528 | -14.1% |
| Tangible fixed assets | 22/27 | €1,414,271 | €1,214,743 | -€199,528 | -14.1% |
| Plant, machinery and equipment | 23 | €1,414,271 | €1,214,743 | -€199,528 | -14.1% |
| Financial fixed assets | 28 | €643 | €643 | = | 0.0% |
| Current assets | 29/58 | €266,318 | €375,906 | +€109,588 | +41.1% |
| Amounts receivable within one year | 40/41 | €8,836 | €11,128 | +€2,292 | +25.9% |
| Trade receivables | 40 | €8,836 | €11,128 | +€2,292 | +25.9% |
| Cash at bank and in hand | 54/58 | €257,482 | €364,778 | +€107,296 | +41.7% |
| Deferred charges and accrued income | 490/1 | €0 | - | = | |
| Total equity and liabilities | 10/49 | €1,681,232 | €1,591,292 | -€89,940 | -5.3% |
| Equity | 10/15 | €493,878 | €615,325 | +€121,447 | +24.6% |
| Contributions | 10/11 | €375,000 | €375,000 | = | 0.0% |
| Capital | 10 | €375,000 | €375,000 | = | 0.0% |
| Issued capital | 100 | €375,000 | €375,000 | = | 0.0% |
| Reserves | 13 | €37,500 | €37,500 | = | 0.0% |
| Non-distributable reserves | 130/1 | €37,500 | €37,500 | = | 0.0% |
| Legal reserve | 130 | €37,500 | €37,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €81,378 | €202,825 | +€121,447 | +149% |
| Amounts payable | 17/49 | €1,187,354 | €975,967 | -€211,387 | -17.8% |
| Amounts payable after more than one year | 17 | €834,285 | €571,045 | -€263,240 | -31.6% |
| Financial debts | 170/4 | €834,285 | €571,045 | -€263,240 | -31.6% |
| Amounts payable within one year | 42/48 | €353,069 | €404,923 | +€51,853 | +14.7% |
| Current portion of amounts payable after more than one year | 42 | €249,408 | €263,240 | +€13,833 | +5.5% |
| Trade debts | 44 | €793 | €0 | -€793 | -100% |
| Suppliers | 440/4 | €793 | €0 | -€793 | -100% |
| Taxes, remuneration and social security | 45 | €17,890 | €16,682 | -€1,208 | -6.8% |
| Taxes | 450/3 | €17,890 | €16,682 | -€1,208 | -6.8% |
| Other amounts payable | 47/48 | €84,979 | €125,000 | +€40,021 | +47.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €199,528 | €199,528 | = | 0.0% |
| Other operating charges | 640/8 | €1,176 | €1,208 | +€33 | +2.8% |
| Gross operating margin | 9900 | €323,403 | €421,490 | +€98,087 | +30.3% |
| Operating profit (loss) | 9901 | €122,700 | €220,754 | +€98,054 | +79.9% |
| Financial income | 75/76B | €10 | €8 | -€3 | -24.2% |
| Recurring financial income | 75 | €10 | €8 | -€3 | -24.2% |
| Financial charges | 65/66B | €67,587 | €59,294 | -€8,293 | -12.3% |
| Recurring financial charges | 65 | €67,587 | €59,294 | -€8,293 | -12.3% |
| Profit (loss) for the period before taxes | 9903 | €55,123 | €161,468 | +€106,345 | +193% |
| Profit (loss) for the period | 9904 | €55,123 | €161,468 | +€106,345 | +193% |
| Profit (loss) for the period to be appropriated | 9905 | €55,123 | €161,468 | +€106,345 | +193% |
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 14 October 2026 via checked.be.