Solartech: what changed
Solartech
Largest movements
- Receivables within one year -€57,687
down €57,687 (-68.1%), from €84,729 to €27,043
of which Trade receivables: -€53,747
- Cash +€3,138
up €3,138 (+51.6%), from €6,077 to €9,215
mainly Receivables within one year (+€57,687) and Other debts (+€10,812)
- Tangible fixed assets -€1,883
down €1,883 (-8.1%), from €23,256 to €21,373
of which Furniture and vehicles: -€1,775
- Profit (loss) carried forward -€30,875
down €30,875, from €23,324 to -€7,551
- Trade debts -€13,190
down €13,190 (-33.5%), from €39,425 to €26,235
- Tax, wage and social debts -€12,970
down €12,970 (-60.7%), from €21,364 to €8,394
- Other debts +€10,812
new in 2025: €10,812
- Debts after one year -€10,020
down €10,020 (-35.9%), from €27,893 to €17,873
- Financial charges +€39,849
up €39,849 (+597%), from €6,676 to €46,525
- Gross operating margin +€25,199
up €25,199 (+23.1%), from €109,244 to €134,443
- Staff costs +€4,817
up €4,817 (+4.8%), from €100,936 to €105,753
- Depreciation +€4,769
up €4,769 (+156%), from €3,051 to €7,819
- Other operating charges +€3,824
up €3,824 (+269%), from €1,420 to €5,244
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €168,384 | €112,638 | -€55,746 | -33.1% |
| Fixed assets | 21/28 | €23,256 | €21,373 | -€1,883 | -8.1% |
| Tangible fixed assets | 22/27 | €23,256 | €21,373 | -€1,883 | -8.1% |
| Land and buildings | 22 | - | €480 | +€480 | |
| Plant, machinery and equipment | 23 | €1,706 | €1,875 | +€168 | +9.9% |
| Furniture and vehicles | 24 | €20,037 | €18,262 | -€1,775 | -8.9% |
| Other tangible fixed assets | 26 | €1,513 | €757 | -€757 | -50.0% |
| Current assets | 29/58 | €145,128 | €91,265 | -€53,863 | -37.1% |
| Stocks and contracts in progress | 3 | €47,251 | €47,251 | = | 0.0% |
| Stocks | 30/36 | €47,251 | €47,251 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €84,729 | €27,043 | -€57,687 | -68.1% |
| Trade receivables | 40 | €76,434 | €22,687 | -€53,747 | -70.3% |
| Other amounts receivable | 41 | €8,295 | €4,356 | -€3,939 | -47.5% |
| Cash at bank and in hand | 54/58 | €6,077 | €9,215 | +€3,138 | +51.6% |
| Deferred charges and accrued income | 490/1 | €7,070 | €7,756 | +€686 | +9.7% |
| Total equity and liabilities | 10/49 | €168,384 | €112,638 | -€55,746 | -33.1% |
| Equity | 10/15 | €45,178 | €14,303 | -€30,875 | -68.3% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Capital | 10 | €18,592 | €18,592 | = | 0.0% |
| Issued capital | 100 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €3,262 | €3,262 | = | 0.0% |
| Non-distributable reserves | 130/1 | €3,262 | €3,262 | = | 0.0% |
| Legal reserve | 130 | €1,859 | €1,859 | = | 0.0% |
| Other | 1319 | €1,403 | €1,403 | = | 0.0% |
| Profit (loss) carried forward | 14 | €23,324 | -€7,551 | -€30,875 | |
| Amounts payable | 17/49 | €123,205 | €98,335 | -€24,871 | -20.2% |
| Amounts payable after more than one year | 17 | €27,893 | €17,873 | -€10,020 | -35.9% |
| Financial debts | 170/4 | €27,893 | €17,873 | -€10,020 | -35.9% |
| Amounts payable within one year | 42/48 | €95,312 | €80,461 | -€14,851 | -15.6% |
| Current portion of amounts payable after more than one year | 42 | €9,523 | €10,020 | +€496 | +5.2% |
| Financial debts | 43 | €25,000 | €25,000 | = | 0.0% |
| Other loans | 439 | €25,000 | €25,000 | = | 0.0% |
| Trade debts | 44 | €39,425 | €26,235 | -€13,190 | -33.5% |
| Suppliers | 440/4 | €39,425 | €26,235 | -€13,190 | -33.5% |
| Taxes, remuneration and social security | 45 | €21,364 | €8,394 | -€12,970 | -60.7% |
| Taxes | 450/3 | €21,364 | €8,394 | -€12,970 | -60.7% |
| Other amounts payable | 47/48 | - | €10,812 | +€10,812 | |
| Remuneration, social security and pensions | 62 | €100,936 | €105,753 | +€4,817 | +4.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,051 | €7,819 | +€4,769 | +156% |
| Other operating charges | 640/8 | €1,420 | €5,244 | +€3,824 | +269% |
| Gross operating margin | 9900 | €109,244 | €134,443 | +€25,199 | +23.1% |
| Operating profit (loss) | 9901 | €3,838 | €15,627 | +€11,789 | +307% |
| Financial income | 75/76B | €313 | €23 | -€290 | -92.6% |
| Recurring financial income | 75 | €313 | €23 | -€290 | -92.6% |
| Financial charges | 65/66B | €6,676 | €46,525 | +€39,849 | +597% |
| Recurring financial charges | 65 | €6,676 | €46,525 | +€39,849 | +597% |
| Profit (loss) for the period before taxes | 9903 | -€2,526 | -€30,875 | -€28,350 | -1,122% |
| Profit (loss) for the period | 9904 | -€2,526 | -€30,875 | -€28,350 | -1,122% |
| Profit (loss) for the period to be appropriated | 9905 | -€2,526 | -€30,875 | -€28,350 | -1,122% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 3 November 2026 via checked.be.