SolarRhode: what changed
Two fiscal 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.
SolarRhode
Largest movements
- Tangible fixed assets -€33,473
down €33,473 (-66.4%), from €50,447 to €16,973
- Cash -€23,722
down €23,722 (-29.4%), from €80,808 to €57,086
mainly Other debts (-€50,871) and Contributions, distributions and other (-€43,029)
- Receivables within one year +€11,710
up €11,710 (+162.5%), from €7,208 to €18,918
of which Trade receivables: +€11,995
- Other debts -€50,871
down €50,871 (-56.5%), from €90,000 to €39,129
- Trade debts +€7,146
up €7,146 (+458060.9%), from €2 to €7,147
- Investment grants -€3,900
down €3,900 (-65.7%), from €5,937 to €2,037
- Tax, wage and social debts +€2,015
up €2,015 (+62.4%), from €3,231 to €5,246
- Gross operating margin -€8,013
down €8,013 (-9.0%), from €89,482 to €81,470
- Taxes -€1,710
down €1,710 (-12.5%), from €13,715 to €12,006
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.
Cash bridge derived
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 | €140,469 | €94,984 | -€45,485 | -32.4% |
| Fixed assets | 21/28 | €50,447 | €16,973 | -€33,473 | -66.4% |
| Tangible fixed assets | 22/27 | €50,447 | €16,973 | -€33,473 | -66.4% |
| Plant, machinery and equipment | 23 | €50,447 | €16,973 | -€33,473 | -66.4% |
| Current assets | 29/58 | €90,022 | €78,010 | -€12,012 | -13.3% |
| Amounts receivable within one year | 40/41 | €7,208 | €18,918 | +€11,710 | +162.5% |
| Trade receivables | 40 | €6,923 | €18,918 | +€11,995 | +173.2% |
| Other amounts receivable | 41 | €285 | - | -€285 | |
| Cash at bank and in hand | 54/58 | €80,808 | €57,086 | -€23,722 | -29.4% |
| Deferred charges and accrued income | 490/1 | €2,006 | €2,006 | = | 0.0% |
| Total equity and liabilities | 10/49 | €140,469 | €94,984 | -€45,485 | -32.4% |
| Equity | 10/15 | €31,489 | €27,589 | -€3,900 | -12.4% |
| Contributions | 10/11 | €25,552 | €25,552 | = | 0.0% |
| Investment grants | 15 | €5,937 | €2,037 | -€3,900 | -65.7% |
| Provisions and deferred taxes | 16 | €13,548 | €13,548 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €13,548 | €13,548 | = | 0.0% |
| Other liabilities and charges | 164/5 | €13,548 | €13,548 | = | 0.0% |
| Amounts payable | 17/49 | €95,432 | €53,847 | -€41,585 | -43.6% |
| Amounts payable within one year | 42/48 | €93,232 | €51,522 | -€41,710 | -44.7% |
| Trade debts | 44 | €2 | €7,147 | +€7,146 | +458060.9% |
| Suppliers | 440/4 | €2 | €7,147 | +€7,146 | +458060.9% |
| Taxes, remuneration and social security | 45 | €3,231 | €5,246 | +€2,015 | +62.4% |
| Taxes | 450/3 | €3,231 | €5,246 | +€2,015 | +62.4% |
| Other amounts payable | 47/48 | €90,000 | €39,129 | -€50,871 | -56.5% |
| Accrued charges and deferred income | 492/3 | €2,200 | €2,325 | +€125 | +5.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €33,800 | €33,473 | -€327 | -1.0% |
| Other operating charges | 640/8 | €775 | €682 | -€93 | -12.0% |
| Gross operating margin | 9900 | €89,482 | €81,470 | -€8,013 | -9.0% |
| Operating profit (loss) | 9901 | €54,908 | €47,315 | -€7,593 | -13.8% |
| Financial income | 75/76B | €3,900 | €3,900 | = | 0.0% |
| Recurring financial income | 75 | €3,900 | €3,900 | = | 0.0% |
| Financial charges | 65/66B | €46 | €81 | +€34 | +73.9% |
| Recurring financial charges | 65 | €46 | €81 | +€34 | +73.9% |
| Profit (loss) for the period before taxes | 9903 | €58,762 | €51,135 | -€7,627 | -13.0% |
| Income taxes | 67/77 | €13,715 | €12,006 | -€1,710 | -12.5% |
| Profit (loss) for the period | 9904 | €45,046 | €39,129 | -€5,917 | -13.1% |
| Profit (loss) for the period to be appropriated | 9905 | €45,046 | €39,129 | -€5,917 | -13.1% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 9 October 2026 via checked.be.