UNISOL-PANEEL: 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.
UNISOL-PANEEL
Largest movements
- Receivables within one year -€157,709
down €157,709 (-39.6%), from €397,921 to €240,212
of which Trade receivables: -€175,568
- Cash +€5,756
up €5,756 (+39.6%), from €14,548 to €20,304
mainly Receivables within one year (+€157,709) and Net result for the year (+€16,985)
- Trade debts -€179,451
down €179,451 (-52.0%), from €345,011 to €165,560
- Reserves +€16,985
up €16,985 (+31.6%), from €53,696 to €70,681
of which Distributable reserves: +€16,985
- Tax, wage and social debts +€9,971
up €9,971 (+89.1%), from €11,189 to €21,161
of which Taxes: +€6,999
- Gross operating margin +€41,959
up €41,959 (+47.1%), from €89,124 to €131,083
- Staff costs +€14,936
up €14,936 (+17.1%), from €87,506 to €102,442
- Taxes +€6,960
up €6,960 (+1,309%), from €532 to €7,491
- Other operating charges +€1,685
up €1,685 (+199%), from €845 to €2,531
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 | €416,848 | €263,601 | -€153,247 | -36.8% |
| Fixed assets | 21/28 | €1,350 | €0 | -€1,350 | -100% |
| Tangible fixed assets | 22/27 | €1,350 | €0 | -€1,350 | -100% |
| Furniture and vehicles | 24 | €1,350 | €0 | -€1,350 | -100% |
| Current assets | 29/58 | €415,498 | €263,601 | -€151,897 | -36.6% |
| Amounts receivable after more than one year | 29 | €1,037 | €1,037 | = | 0.0% |
| Other amounts receivable | 291 | €1,037 | €1,037 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €397,921 | €240,212 | -€157,709 | -39.6% |
| Trade receivables | 40 | €393,510 | €217,942 | -€175,568 | -44.6% |
| Other amounts receivable | 41 | €4,411 | €22,270 | +€17,859 | +405% |
| Cash at bank and in hand | 54/58 | €14,548 | €20,304 | +€5,756 | +39.6% |
| Deferred charges and accrued income | 490/1 | €1,992 | €2,048 | +€57 | +2.8% |
| Total equity and liabilities | 10/49 | €416,848 | €263,601 | -€153,247 | -36.8% |
| Equity | 10/15 | €59,896 | €76,881 | +€16,985 | +28.4% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €53,696 | €70,681 | +€16,985 | +31.6% |
| Non-distributable reserves | 130/1 | €1,855 | €1,855 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,855 | €1,855 | = | 0.0% |
| Distributable reserves | 133 | €51,841 | €68,826 | +€16,985 | +32.8% |
| Amounts payable | 17/49 | €356,951 | €186,720 | -€170,231 | -47.7% |
| Amounts payable within one year | 42/48 | €356,200 | €186,720 | -€169,480 | -47.6% |
| Trade debts | 44 | €345,011 | €165,560 | -€179,451 | -52.0% |
| Suppliers | 440/4 | €345,011 | €165,560 | -€179,451 | -52.0% |
| Taxes, remuneration and social security | 45 | €11,189 | €21,161 | +€9,971 | +89.1% |
| Taxes | 450/3 | €2,414 | €9,413 | +€6,999 | +290% |
| Remuneration and social security | 454/9 | €8,776 | €11,748 | +€2,972 | +33.9% |
| Accrued charges and deferred income | 492/3 | €751 | €0 | -€751 | -100% |
| Remuneration, social security and pensions | 62 | €87,506 | €102,442 | +€14,936 | +17.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,753 | €1,350 | -€403 | -23.0% |
| Other operating charges | 640/8 | €845 | €2,531 | +€1,685 | +199% |
| Gross operating margin | 9900 | €89,124 | €131,083 | +€41,959 | +47.1% |
| Operating profit (loss) | 9901 | -€981 | €24,761 | +€25,742 | |
| Financial income | 75/76B | €0 | - | = | |
| Recurring financial income | 75 | €0 | - | = | |
| Financial charges | 65/66B | €242 | €285 | +€43 | +17.9% |
| Recurring financial charges | 65 | €242 | €285 | +€43 | +17.9% |
| Profit (loss) for the period before taxes | 9903 | -€1,223 | €24,476 | +€25,698 | |
| Income taxes | 67/77 | €532 | €7,491 | +€6,960 | +1,309% |
| Profit (loss) for the period | 9904 | -€1,754 | €16,985 | +€18,739 | |
| Profit (loss) for the period to be appropriated | 9905 | -€1,754 | €16,985 | +€18,739 |
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 20 October 2026 via checked.be.