VERSATILE SOLAR SOLUTIONS: what changed
Two fiscal 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.
VERSATILE SOLAR SOLUTIONS
Largest movements
- Receivables within one year -€35,834
down €35,834 (-43.8%), from €81,778 to €45,944
of which Trade receivables: -€35,829
- Tangible fixed assets -€17,527
down €17,527 (-8.9%), from €196,538 to €179,011
of which Land and buildings: -€16,508
- Cash -€16,163
down €16,163 (-49.9%), from €32,412 to €16,249
mainly Other debts (-€69,510) and Debts after one year (-€18,584)
- Other debts -€69,510
down €69,510 (-62.0%), from €112,183 to €42,673
- Trade debts +€19,400
up €19,400 (+265.8%), from €7,298 to €26,698
- Debts after one year -€18,584
down €18,584 (-17.1%), from €108,630 to €90,046
of which Financial debts: -€20,184
- Profit (loss) carried forward +€4,137
up €4,137 (+13.3%), from €31,073 to €35,210
- Tax, wage and social debts -€4,032
down €4,032 (-95.8%), from €4,208 to €176
of which Remuneration and social security: -€4,208
- Turnover +€75,921
up €75,921 (+50.4%), from €150,689 to €226,610
- Purchases and services +€66,102
up €66,102 (+60.1%), from €110,070 to €176,172
- Gross operating margin +€9,818
up €9,818 (+24.2%), from €40,619 to €50,437
- Staff costs +€4,707
up €4,707 (+77.8%), from €6,047 to €10,754
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 | €311,788 | €243,189 | -€68,599 | -22.0% |
| Formation expenses | 20 | €731 | €372 | -€359 | -49.1% |
| Fixed assets | 21/28 | €196,738 | €179,211 | -€17,527 | -8.9% |
| Tangible fixed assets | 22/27 | €196,538 | €179,011 | -€17,527 | -8.9% |
| Land and buildings | 22 | €195,509 | €179,001 | -€16,508 | -8.4% |
| Furniture and vehicles | 24 | €1,029 | €10 | -€1,019 | -99.0% |
| Financial fixed assets | 28 | €200 | €200 | = | 0.0% |
| Current assets | 29/58 | €114,319 | €63,606 | -€50,713 | -44.4% |
| Amounts receivable within one year | 40/41 | €81,778 | €45,944 | -€35,834 | -43.8% |
| Trade receivables | 40 | €80,424 | €44,595 | -€35,829 | -44.6% |
| Other amounts receivable | 41 | €1,354 | €1,349 | -€5 | -0.4% |
| Cash at bank and in hand | 54/58 | €32,412 | €16,249 | -€16,163 | -49.9% |
| Deferred charges and accrued income | 490/1 | €129 | €1,413 | +€1,284 | +995.3% |
| Total equity and liabilities | 10/49 | €311,788 | €243,189 | -€68,599 | -22.0% |
| Equity | 10/15 | €59,791 | €63,412 | +€3,621 | +6.1% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €2,000 | €2,000 | = | 0.0% |
| Distributable reserves | 133 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €31,073 | €35,210 | +€4,137 | +13.3% |
| Investment grants | 15 | €6,718 | €6,202 | -€516 | -7.7% |
| Amounts payable | 17/49 | €251,997 | €179,777 | -€72,220 | -28.7% |
| Amounts payable after more than one year | 17 | €108,630 | €90,046 | -€18,584 | -17.1% |
| Financial debts | 170/4 | €108,630 | €88,446 | -€20,184 | -18.6% |
| Other amounts payable | 178/9 | - | €1,600 | +€1,600 | |
| Amounts payable within one year | 42/48 | €143,367 | €89,731 | -€53,636 | -37.4% |
| Current portion of amounts payable after more than one year | 42 | €19,678 | €20,184 | +€506 | +2.6% |
| Trade debts | 44 | €7,298 | €26,698 | +€19,400 | +265.8% |
| Suppliers | 440/4 | €7,298 | €26,698 | +€19,400 | +265.8% |
| Taxes, remuneration and social security | 45 | €4,208 | €176 | -€4,032 | -95.8% |
| Taxes | 450/3 | - | €176 | +€176 | |
| Remuneration and social security | 454/9 | €4,208 | - | -€4,208 | |
| Other amounts payable | 47/48 | €112,183 | €42,673 | -€69,510 | -62.0% |
| Turnover | 70 | €150,689 | €226,610 | +€75,921 | +50.4% |
| Goods, raw materials, services and sundry goods | 60/61 | €110,070 | €176,172 | +€66,102 | +60.1% |
| Remuneration, social security and pensions | 62 | €6,047 | €10,754 | +€4,707 | +77.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €29,885 | €27,885 | -€2,000 | -6.7% |
| Other operating charges | 640/8 | €3,770 | €4,313 | +€543 | +14.4% |
| Gross operating margin | 9900 | €40,619 | €50,437 | +€9,818 | +24.2% |
| Operating profit (loss) | 9901 | €917 | €7,485 | +€6,568 | +716.2% |
| Financial income | 75/76B | €4 | €394 | +€390 | +9750.0% |
| Recurring financial income | 75 | €4 | €394 | +€390 | +9750.0% |
| Financial charges | 65/66B | €4,028 | €3,566 | -€462 | -11.5% |
| Recurring financial charges | 65 | €4,028 | €3,566 | -€462 | -11.5% |
| Profit (loss) for the period before taxes | 9903 | -€3,107 | €4,313 | +€7,420 | |
| Income taxes | 67/77 | - | €176 | +€176 | |
| Profit (loss) for the period | 9904 | -€3,107 | €4,137 | +€7,244 | |
| Profit (loss) for the period to be appropriated | 9905 | -€3,107 | €4,137 | +€7,244 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.