SOLARVG: 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.
SOLARVG
Largest movements
- Cash -€4,285
down €4,285 (-65.9%), from €6,505 to €2,220
mainly Trade debts (-€15,304) and Receivables within one year (-€2,515)
- Receivables within one year +€2,515
up €2,515 (+8.9%), from €28,151 to €30,666
of which Trade receivables: +€5,464
- Trade debts -€15,304
down €15,304 (-73.8%), from €20,729 to €5,425
- Profit (loss) carried forward +€8,861
up €8,861 (+90.3%), from €9,816 to €18,678
- Tax, wage and social debts +€4,535
up €4,535 (+125.2%), from €3,623 to €8,158
- Depreciation -€2,838
down €2,838 (-76.2%), from €3,725 to €887
- Other operating charges +€2,329
up €2,329 (+178.1%), from €1,308 to €3,637
- Taxes +€912
up €912 (+25.2%), from €3,623 to €4,535
- Gross operating margin -€695
down €695 (-3.7%), from €18,724 to €18,029
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 | €35,168 | €33,261 | -€1,908 | -5.4% |
| Fixed assets | 21/28 | €512 | €375 | -€137 | -26.8% |
| Tangible fixed assets | 22/27 | €512 | €375 | -€137 | -26.8% |
| Furniture and vehicles | 24 | €512 | €375 | -€137 | -26.8% |
| Current assets | 29/58 | €34,656 | €32,886 | -€1,770 | -5.1% |
| Amounts receivable within one year | 40/41 | €28,151 | €30,666 | +€2,515 | +8.9% |
| Trade receivables | 40 | - | €5,464 | +€5,464 | |
| Other amounts receivable | 41 | €28,151 | €25,202 | -€2,949 | -10.5% |
| Cash at bank and in hand | 54/58 | €6,505 | €2,220 | -€4,285 | -65.9% |
| Total equity and liabilities | 10/49 | €35,168 | €33,261 | -€1,908 | -5.4% |
| Equity | 10/15 | €10,816 | €19,678 | +€8,861 | +81.9% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €9,816 | €18,678 | +€8,861 | +90.3% |
| Amounts payable | 17/49 | €24,352 | €13,583 | -€10,769 | -44.2% |
| Amounts payable within one year | 42/48 | €24,352 | €13,583 | -€10,769 | -44.2% |
| Trade debts | 44 | €20,729 | €5,425 | -€15,304 | -73.8% |
| Suppliers | 440/4 | €20,729 | €5,425 | -€15,304 | -73.8% |
| Taxes, remuneration and social security | 45 | €3,623 | €8,158 | +€4,535 | +125.2% |
| Taxes | 450/3 | €3,623 | €8,158 | +€4,535 | +125.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,725 | €887 | -€2,838 | -76.2% |
| Other operating charges | 640/8 | €1,308 | €3,637 | +€2,329 | +178.1% |
| Gross operating margin | 9900 | €18,724 | €18,029 | -€695 | -3.7% |
| Operating profit (loss) | 9901 | €13,690 | €13,504 | -€186 | -1.4% |
| Financial charges | 65/66B | €251 | €108 | -€143 | -57.1% |
| Recurring financial charges | 65 | €251 | €108 | -€143 | -57.1% |
| Profit (loss) for the period before taxes | 9903 | €13,439 | €13,396 | -€43 | -0.3% |
| Income taxes | 67/77 | €3,623 | €4,535 | +€912 | +25.2% |
| Profit (loss) for the period | 9904 | €9,816 | €8,861 | -€955 | -9.7% |
| Profit (loss) for the period to be appropriated | 9905 | €9,816 | €8,861 | -€955 | -9.7% |
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 12 October 2026 via checked.be.