SOLARTEC: 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.
SOLARTEC
Largest movements
- Stocks and contracts -€18,446
down €18,446 (-31.8%), from €58,075 to €39,629
- Cash -€17,577
down €17,577 (-10.2%), from €172,329 to €154,752
mainly Trade debts (-€35,069) and Investment in fixed assets (net) (-€34,169)
- Receivables within one year +€9,196
up €9,196 (+25.8%), from €35,642 to €44,838
of which Other amounts receivable: +€6,326
- Tangible fixed assets -€5,882
down €5,882 (-4.5%), from €130,483 to €124,601
of which Plant, machinery and equipment: -€4,361
- Other debts +€44,153
up €44,153 (+42.0%), from €105,140 to €149,293
- Trade debts -€35,069
down €35,069 (-87.8%), from €39,927 to €4,859
- Reserves -€20,195
down €20,195 (-11.9%), from €169,969 to €149,773
- Debts after one year -€15,904
down €15,904 (-30.9%), from €51,512 to €35,608
- Advances received -€5,661
down €5,661 (-100%), from €5,661 to €0
- Gross operating margin -€81,174
down €81,174 (-70.5%), from €115,059 to €33,885
- Taxes -€13,965
down €13,965 (-97.9%), from €14,272 to €307
- Depreciation +€6,587
up €6,587 (+19.7%), from €33,464 to €40,051
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 | €397,911 | €365,182 | -€32,729 | -8.2% |
| Fixed assets | 21/28 | €130,483 | €124,601 | -€5,882 | -4.5% |
| Tangible fixed assets | 22/27 | €130,483 | €124,601 | -€5,882 | -4.5% |
| Plant, machinery and equipment | 23 | €13,815 | €9,454 | -€4,361 | -31.6% |
| Furniture and vehicles | 24 | €116,668 | €115,148 | -€1,521 | -1.3% |
| Current assets | 29/58 | €267,427 | €240,581 | -€26,847 | -10.0% |
| Stocks and contracts in progress | 3 | €58,075 | €39,629 | -€18,446 | -31.8% |
| Stocks | 30/36 | €58,075 | €39,629 | -€18,446 | -31.8% |
| Amounts receivable within one year | 40/41 | €35,642 | €44,838 | +€9,196 | +25.8% |
| Trade receivables | 40 | €29,426 | €32,295 | +€2,869 | +9.8% |
| Other amounts receivable | 41 | €6,216 | €12,543 | +€6,326 | +102% |
| Cash at bank and in hand | 54/58 | €172,329 | €154,752 | -€17,577 | -10.2% |
| Deferred charges and accrued income | 490/1 | €1,381 | €1,362 | -€19 | -1.4% |
| Total equity and liabilities | 10/49 | €397,911 | €365,182 | -€32,729 | -8.2% |
| Equity | 10/15 | €171,969 | €151,773 | -€20,195 | -11.7% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €169,969 | €149,773 | -€20,195 | -11.9% |
| Distributable reserves | 133 | €169,969 | €149,773 | -€20,195 | -11.9% |
| Amounts payable | 17/49 | €225,942 | €213,409 | -€12,533 | -5.5% |
| Amounts payable after more than one year | 17 | €51,512 | €35,608 | -€15,904 | -30.9% |
| Financial debts | 170/4 | €51,512 | €35,608 | -€15,904 | -30.9% |
| Amounts payable within one year | 42/48 | €174,430 | €177,239 | +€2,808 | +1.6% |
| Current portion of amounts payable after more than one year | 42 | €15,180 | €15,904 | +€723 | +4.8% |
| Trade debts | 44 | €39,927 | €4,859 | -€35,069 | -87.8% |
| Suppliers | 440/4 | €39,927 | €4,859 | -€35,069 | -87.8% |
| Advances received on contracts in progress | 46 | €5,661 | €0 | -€5,661 | -100% |
| Taxes, remuneration and social security | 45 | €8,522 | €7,183 | -€1,339 | -15.7% |
| Taxes | 450/3 | €4,245 | €7,183 | +€2,938 | +69.2% |
| Remuneration and social security | 454/9 | €4,277 | €0 | -€4,277 | -100% |
| Other amounts payable | 47/48 | €105,140 | €149,293 | +€44,153 | +42.0% |
| Accrued charges and deferred income | 492/3 | - | €562 | +€562 | |
| Non-recurring operating income | 76A | - | €8,163 | +€8,163 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €33,464 | €40,051 | +€6,587 | +19.7% |
| Other operating charges | 640/8 | €80 | €638 | +€558 | +695% |
| Gross operating margin | 9900 | €115,059 | €33,885 | -€81,174 | -70.5% |
| Operating profit (loss) | 9901 | €81,516 | -€6,803 | -€88,319 | |
| Financial income | 75/76B | €1,196 | €344 | -€852 | -71.2% |
| Recurring financial income | 75 | €1,196 | €344 | -€852 | -71.2% |
| Non-recurring financial income | 76B | - | €0 | +€0 | |
| Financial charges | 65/66B | €14,271 | €13,430 | -€841 | -5.9% |
| Recurring financial charges | 65 | €14,267 | €11,768 | -€2,499 | -17.5% |
| Non-recurring financial charges | 66B | €3 | €1,662 | +€1,658 | +48,492% |
| Profit (loss) for the period before taxes | 9903 | €68,441 | -€19,889 | -€88,330 | |
| Income taxes | 67/77 | €14,272 | €307 | -€13,965 | -97.9% |
| Profit (loss) for the period | 9904 | €54,169 | -€20,195 | -€74,364 | |
| Profit (loss) for the period to be appropriated | 9905 | €54,169 | -€20,195 | -€74,364 |
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 27 October 2026 via checked.be.