SOLARVERT: 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.
SOLARVERT
Largest movements
- Cash +€74,816
up €74,816 (+66.5%), from €112,569 to €187,384
mainly Net result for the year (+€105,690) and Other debts (+€72,100)
- Receivables within one year +€38,305
up €38,305 (+7.8%), from €491,617 to €529,922
of which Other amounts receivable: +€79,617
- Tangible fixed assets -€11,719
down €11,719 (-24.4%), from €48,017 to €36,298
- Current investments +€9,000
up €9,000 (+81.8%), from €11,000 to €20,000
- Profit (loss) carried forward +€105,690
up €105,690 (+46.4%), from €227,899 to €333,590
- Other debts +€72,100
new in 2025: €72,100
- Debts after one year -€28,661
down €28,661 (-33.5%), from €85,648 to €56,986
- Trade debts -€28,045
down €28,045 (-25.7%), from €109,054 to €81,009
- Accrued charges and deferred income -€10,728
down €10,728 (-16.9%), from €63,442 to €52,714
- Other operating charges -€56,594
down €56,594 (-79.4%), from €71,235 to €14,641
- Write-downs +€30,307
new in 2025: €30,307
- Staff costs -€25,845
down €25,845 (-17.9%), from €144,761 to €118,916
- Taxes -€17,606
down €17,606 (-72.2%), from €24,381 to €6,775
- Financial income -€11,980
down €11,980 (-94.3%), from €12,701 to €721
of which Financial income: -€6,099
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 | €665,302 | €785,516 | +€120,214 | +18.1% |
| Fixed assets | 21/28 | €50,117 | €40,398 | -€9,719 | -19.4% |
| Tangible fixed assets | 22/27 | €48,017 | €36,298 | -€11,719 | -24.4% |
| Furniture and vehicles | 24 | €48,017 | €36,298 | -€11,719 | -24.4% |
| Financial fixed assets | 28 | €2,100 | €4,100 | +€2,000 | +95.2% |
| Current assets | 29/58 | €615,185 | €745,118 | +€129,933 | +21.1% |
| Amounts receivable within one year | 40/41 | €491,617 | €529,922 | +€38,305 | +7.8% |
| Trade receivables | 40 | €153,888 | €112,576 | -€41,312 | -26.8% |
| Other amounts receivable | 41 | €337,729 | €417,346 | +€79,617 | +23.6% |
| Current investments | 50/53 | €11,000 | €20,000 | +€9,000 | +81.8% |
| Cash at bank and in hand | 54/58 | €112,569 | €187,384 | +€74,816 | +66.5% |
| Deferred charges and accrued income | 490/1 | - | €7,812 | +€7,812 | |
| Total equity and liabilities | 10/49 | €665,302 | €785,516 | +€120,214 | +18.1% |
| Equity | 10/15 | €282,481 | €388,172 | +€105,690 | +37.4% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €48,382 | €48,382 | = | 0.0% |
| Distributable reserves | 133 | €48,382 | €48,382 | = | 0.0% |
| Profit (loss) carried forward | 14 | €227,899 | €333,590 | +€105,690 | +46.4% |
| Amounts payable | 17/49 | €382,821 | €397,345 | +€14,524 | +3.8% |
| Amounts payable after more than one year | 17 | €85,648 | €56,986 | -€28,661 | -33.5% |
| Financial debts | 170/4 | €85,648 | €56,986 | -€28,661 | -33.5% |
| Amounts payable within one year | 42/48 | €233,731 | €287,644 | +€53,914 | +23.1% |
| Current portion of amounts payable after more than one year | 42 | €40,459 | €41,441 | +€983 | +2.4% |
| Trade debts | 44 | €109,054 | €81,009 | -€28,045 | -25.7% |
| Suppliers | 440/4 | €109,054 | €81,009 | -€28,045 | -25.7% |
| Advances received on contracts in progress | 46 | €58,793 | €58,793 | = | 0.0% |
| Taxes, remuneration and social security | 45 | €25,425 | €34,302 | +€8,876 | +34.9% |
| Taxes | 450/3 | €18,559 | €14,554 | -€4,005 | -21.6% |
| Remuneration and social security | 454/9 | €6,866 | €19,748 | +€12,882 | +188% |
| Other amounts payable | 47/48 | - | €72,100 | +€72,100 | |
| Accrued charges and deferred income | 492/3 | €63,442 | €52,714 | -€10,728 | -16.9% |
| Remuneration, social security and pensions | 62 | €144,761 | €118,916 | -€25,845 | -17.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,226 | €11,719 | +€1,493 | +14.6% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €30,307 | +€30,307 | |
| Other operating charges | 640/8 | €71,235 | €14,641 | -€56,594 | -79.4% |
| Gross operating margin | 9900 | €295,570 | €302,307 | +€6,737 | +2.3% |
| Operating profit (loss) | 9901 | €69,348 | €126,723 | +€57,375 | +82.7% |
| Financial income | 75/76B | €12,701 | €721 | -€11,980 | -94.3% |
| Recurring financial income | 75 | €6,820 | €721 | -€6,099 | -89.4% |
| Non-recurring financial income | 76B | €5,881 | - | -€5,881 | |
| Financial charges | 65/66B | €9,286 | €14,978 | +€5,693 | +61.3% |
| Recurring financial charges | 65 | €9,286 | €14,978 | +€5,693 | +61.3% |
| Profit (loss) for the period before taxes | 9903 | €72,763 | €112,465 | +€39,702 | +54.6% |
| Income taxes | 67/77 | €24,381 | €6,775 | -€17,606 | -72.2% |
| Profit (loss) for the period | 9904 | €48,382 | €105,690 | +€57,308 | +118% |
| Profit (loss) for the period to be appropriated | 9905 | €48,382 | €105,690 | +€57,308 | +118% |
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 1 November 2026 via checked.be.