SOLARY: 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.
SOLARY
Largest movements
- Tangible fixed assets -€42,764
down €42,764 (-4.0%), from €1.1m to €1.0m
of which Land and buildings: -€40,620
- Reserves -€151,517
down €151,517 (-31.9%), from €474,602 to €323,085
of which Distributable reserves: -€144,690
- Profit (loss) carried forward +€84,633
up €84,633, from -€84,633 to €0
- Other debts +€18,598
up €18,598 (+6.8%), from €273,321 to €291,919
- Gross operating margin -€12,841
down €12,841 (-108.2%), from -€11,871 to -€24,712
- Other operating charges +€3,680
up €3,680, from €0 to €3,680
- Financial income +€737
new in 2024: €737
- Financial charges +€520
up €520 (+98.1%), from €529 to €1,049
- Depreciation +€403
up €403 (+1.0%), from €42,361 to €42,764
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,088,694 | €1,046,084 | -€42,610 | -3.9% |
| Fixed assets | 21/28 | €1,070,012 | €1,027,248 | -€42,764 | -4.0% |
| Tangible fixed assets | 22/27 | €1,070,012 | €1,027,248 | -€42,764 | -4.0% |
| Land and buildings | 22 | €1,055,621 | €1,015,001 | -€40,620 | -3.8% |
| Plant, machinery and equipment | 23 | €600 | €340 | -€260 | -43.3% |
| Furniture and vehicles | 24 | €7,785 | €6,734 | -€1,051 | -13.5% |
| Other tangible fixed assets | 26 | €6,006 | €5,172 | -€834 | -13.9% |
| Current assets | 29/58 | €18,683 | €18,837 | +€154 | +0.8% |
| Amounts receivable within one year | 40/41 | €18,100 | €18,100 | = | 0.0% |
| Other amounts receivable | 41 | €18,100 | €18,100 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €583 | €0 | -€583 | -100.0% |
| Deferred charges and accrued income | 490/1 | - | €737 | +€737 | |
| Total equity and liabilities | 10/49 | €1,088,694 | €1,046,084 | -€42,610 | -3.9% |
| Equity | 10/15 | €768,007 | €701,122 | -€66,885 | -8.7% |
| Contributions | 10/11 | €378,038 | €378,038 | = | 0.0% |
| Capital | 10 | €378,038 | €378,038 | = | 0.0% |
| Issued capital | 100 | €378,038 | €378,038 | = | 0.0% |
| Reserves | 13 | €474,602 | €323,085 | -€151,517 | -31.9% |
| Non-distributable reserves | 130/1 | €37,804 | €37,804 | = | 0.0% |
| Legal reserve | 130 | €37,804 | €37,804 | = | 0.0% |
| Tax-exempt reserves | 132 | €70,549 | €63,722 | -€6,827 | -9.7% |
| Distributable reserves | 133 | €366,249 | €221,559 | -€144,690 | -39.5% |
| Profit (loss) carried forward | 14 | -€84,633 | €0 | +€84,633 | |
| Provisions and deferred taxes | 16 | €47,367 | €42,783 | -€4,584 | -9.7% |
| Deferred taxes | 168 | €47,367 | €42,783 | -€4,584 | -9.7% |
| Amounts payable | 17/49 | €273,321 | €302,179 | +€28,858 | +10.6% |
| Amounts payable within one year | 42/48 | €273,321 | €302,179 | +€28,858 | +10.6% |
| Financial debts | 43 | - | €8,743 | +€8,743 | |
| Credit institutions | 430/8 | - | €8,743 | +€8,743 | |
| Trade debts | 44 | €0 | €1,517 | +€1,517 | |
| Suppliers | 440/4 | €0 | €1,517 | +€1,517 | |
| Other amounts payable | 47/48 | €273,321 | €291,919 | +€18,598 | +6.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €42,361 | €42,764 | +€403 | +1.0% |
| Other operating charges | 640/8 | €0 | €3,680 | +€3,680 | |
| Gross operating margin | 9900 | -€11,871 | -€24,712 | -€12,841 | -108.2% |
| Operating profit (loss) | 9901 | -€54,232 | -€71,156 | -€16,924 | -31.2% |
| Financial income | 75/76B | - | €737 | +€737 | |
| Recurring financial income | 75 | - | €737 | +€737 | |
| Financial charges | 65/66B | €529 | €1,049 | +€520 | +98.1% |
| Recurring financial charges | 65 | €529 | €1,049 | +€520 | +98.1% |
| Profit (loss) for the period before taxes | 9903 | -€54,761 | -€71,468 | -€16,707 | -30.5% |
| Transfer from deferred taxes | 780 | €4,584 | €4,584 | = | 0.0% |
| Income taxes | 67/77 | €0 | - | = | |
| Profit (loss) for the period | 9904 | -€50,177 | -€66,885 | -€16,707 | -33.3% |
| Transfer from tax-exempt reserves | 789 | €6,827 | €6,827 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€43,350 | -€60,057 | -€16,707 | -38.5% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 12 October 2026 via checked.be.