TJ-SOLAR: 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.
TJ-SOLAR
Largest movements
- Cash -€127,268
down €127,268 (-67.9%), from €187,365 to €60,097
mainly Receivables within one year (-€68,050) and Tax, wage and social debts (-€57,980)
- Receivables within one year +€68,050
up €68,050 (+324%), from €20,972 to €89,022
of which Other amounts receivable: +€86,856
- Tangible fixed assets -€7,346
down €7,346 (-26.9%), from €27,331 to €19,985
of which Furniture and vehicles: -€6,536
- Tax, wage and social debts -€57,980
down €57,980 (-90.7%), from €63,956 to €5,976
- Trade debts -€7,692
down €7,692 (-91.7%), from €8,387 to €695
- Gross operating margin -€34,061
down €34,061, from €26,819 to -€7,241
- Taxes -€19,656
down €19,656, from €5,799 to -€13,858
- Depreciation +€1,984
up €1,984 (+37.0%), from €5,362 to €7,346
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 | €237,203 | €169,996 | -€67,207 | -28.3% |
| Fixed assets | 21/28 | €27,512 | €20,165 | -€7,346 | -26.7% |
| Tangible fixed assets | 22/27 | €27,331 | €19,985 | -€7,346 | -26.9% |
| Plant, machinery and equipment | 23 | €2,047 | €1,237 | -€810 | -39.6% |
| Furniture and vehicles | 24 | €25,284 | €18,748 | -€6,536 | -25.9% |
| Financial fixed assets | 28 | €181 | €181 | = | 0.0% |
| Current assets | 29/58 | €209,692 | €149,831 | -€59,861 | -28.5% |
| Stocks and contracts in progress | 3 | €678 | - | -€678 | |
| Stocks | 30/36 | €678 | - | -€678 | |
| Amounts receivable within one year | 40/41 | €20,972 | €89,022 | +€68,050 | +324% |
| Trade receivables | 40 | €19,703 | €897 | -€18,806 | -95.4% |
| Other amounts receivable | 41 | €1,269 | €88,125 | +€86,856 | +6,844% |
| Cash at bank and in hand | 54/58 | €187,365 | €60,097 | -€127,268 | -67.9% |
| Deferred charges and accrued income | 490/1 | €677 | €712 | +€35 | +5.2% |
| Total equity and liabilities | 10/49 | €237,203 | €169,996 | -€67,207 | -28.3% |
| Equity | 10/15 | €163,775 | €162,579 | -€1,196 | -0.7% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Reserves | 13 | €153,775 | €153,775 | = | 0.0% |
| Distributable reserves | 133 | €153,775 | €153,775 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | -€1,196 | -€1,196 | |
| Amounts payable | 17/49 | €73,428 | €7,417 | -€66,012 | -89.9% |
| Amounts payable within one year | 42/48 | €72,343 | €6,671 | -€65,673 | -90.8% |
| Trade debts | 44 | €8,387 | €695 | -€7,692 | -91.7% |
| Suppliers | 440/4 | €8,387 | €695 | -€7,692 | -91.7% |
| Taxes, remuneration and social security | 45 | €63,956 | €5,976 | -€57,980 | -90.7% |
| Taxes | 450/3 | €63,956 | €5,976 | -€57,980 | -90.7% |
| Accrued charges and deferred income | 492/3 | €1,085 | €746 | -€339 | -31.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,362 | €7,346 | +€1,984 | +37.0% |
| Other operating charges | 640/8 | €402 | €414 | +€12 | +3.0% |
| Gross operating margin | 9900 | €26,819 | -€7,241 | -€34,061 | |
| Operating profit (loss) | 9901 | €21,055 | -€15,002 | -€36,056 | |
| Financial income | 75/76B | €0 | - | = | |
| Recurring financial income | 75 | €0 | - | = | |
| Financial charges | 65/66B | €56 | €51 | -€5 | -8.8% |
| Recurring financial charges | 65 | €56 | €51 | -€5 | -8.8% |
| Profit (loss) for the period before taxes | 9903 | €20,998 | -€15,053 | -€36,051 | |
| Income taxes | 67/77 | €5,799 | -€13,858 | -€19,656 | |
| Profit (loss) for the period | 9904 | €15,200 | -€1,196 | -€16,395 | |
| Profit (loss) for the period to be appropriated | 9905 | €15,200 | -€1,196 | -€16,395 |
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.