Voltedge-Solar: what changed
Voltedge-Solar
Largest movements
- Stocks and contracts +€20,483
up €20,483 (+24.5%), from €83,440 to €103,923
of which Contracts in progress: +€14,623
- Cash -€15,462
down €15,462 (-38.1%), from €40,594 to €25,131
mainly Stocks and contracts (-€20,483) and Debts after one year (-€18,088)
- Tangible fixed assets -€5,818
down €5,818 (-29.6%), from €19,667 to €13,850
of which Furniture and vehicles: -€5,877
- Receivables after one year -€5,757
down €5,757 (-17.6%), from €32,685 to €26,928
- Short-term financial debts +€40,081
up €40,081 (+5,989%), from €669 to €40,751
- Debts after one year -€18,088
down €18,088 (-10.9%), from €165,814 to €147,727
- Other debts -€13,537
down €13,537 (-90.2%), from €15,000 to €1,463
- Reserves -€11,191
down €11,191 (-5.5%), from €203,523 to €192,332
- Tax, wage and social debts -€6,203
down €6,203 (-53.6%), from €11,561 to €5,359
of which Taxes: -€8,512
- Gross operating margin -€9,922
down €9,922 (-55.3%), from €17,928 to €8,006
- Financial charges +€1,075
up €1,075 (+11.6%), from €9,307 to €10,382
- Depreciation +€786
up €786 (+10.9%), from €7,222 to €8,008
- Taxes -€581
down €581 (-79.4%), from €732 to €150
- Financial income -€408
down €408 (-32.0%), from €1,275 to €867
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €491,121 | €481,630 | -€9,491 | -1.9% |
| Fixed assets | 21/28 | €243,568 | €237,750 | -€5,818 | -2.4% |
| Tangible fixed assets | 22/27 | €19,667 | €13,850 | -€5,818 | -29.6% |
| Plant, machinery and equipment | 23 | €6,620 | €6,679 | +€59 | +0.9% |
| Furniture and vehicles | 24 | €13,047 | €7,170 | -€5,877 | -45.0% |
| Financial fixed assets | 28 | €223,901 | €223,901 | = | 0.0% |
| Current assets | 29/58 | €247,554 | €243,880 | -€3,674 | -1.5% |
| Amounts receivable after more than one year | 29 | €32,685 | €26,928 | -€5,757 | -17.6% |
| Other amounts receivable | 291 | €32,685 | €26,928 | -€5,757 | -17.6% |
| Stocks and contracts in progress | 3 | €83,440 | €103,923 | +€20,483 | +24.5% |
| Stocks | 30/36 | €83,440 | €89,300 | +€5,860 | +7.0% |
| Contracts in progress | 37 | €0 | €14,623 | +€14,623 | |
| Amounts receivable within one year | 40/41 | €90,165 | €86,649 | -€3,516 | -3.9% |
| Trade receivables | 40 | €57,221 | €50,441 | -€6,780 | -11.8% |
| Other amounts receivable | 41 | €32,944 | €36,208 | +€3,264 | +9.9% |
| Cash at bank and in hand | 54/58 | €40,594 | €25,131 | -€15,462 | -38.1% |
| Deferred charges and accrued income | 490/1 | €669 | €1,248 | +€579 | +86.6% |
| Total equity and liabilities | 10/49 | €491,121 | €481,630 | -€9,491 | -1.9% |
| Equity | 10/15 | €210,523 | €199,332 | -€11,191 | -5.3% |
| Contributions | 10/11 | €7,000 | €7,000 | = | 0.0% |
| Reserves | 13 | €203,523 | €192,332 | -€11,191 | -5.5% |
| Distributable reserves | 133 | €203,523 | €192,332 | -€11,191 | -5.5% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €280,599 | €282,298 | +€1,700 | +0.6% |
| Amounts payable after more than one year | 17 | €165,814 | €147,727 | -€18,088 | -10.9% |
| Financial debts | 170/4 | €165,814 | €147,727 | -€18,088 | -10.9% |
| Amounts payable within one year | 42/48 | €111,754 | €132,472 | +€20,718 | +18.5% |
| Current portion of amounts payable after more than one year | 42 | €17,416 | €18,088 | +€672 | +3.9% |
| Financial debts | 43 | €669 | €40,751 | +€40,081 | +5,989% |
| Other loans | 439 | €669 | €40,751 | +€40,081 | +5,989% |
| Trade debts | 44 | €67,108 | €66,812 | -€295 | -0.4% |
| Suppliers | 440/4 | €67,108 | €66,812 | -€295 | -0.4% |
| Taxes, remuneration and social security | 45 | €11,561 | €5,359 | -€6,203 | -53.6% |
| Taxes | 450/3 | €11,561 | €3,050 | -€8,512 | -73.6% |
| Remuneration and social security | 454/9 | - | €2,309 | +€2,309 | |
| Other amounts payable | 47/48 | €15,000 | €1,463 | -€13,537 | -90.2% |
| Accrued charges and deferred income | 492/3 | €3,030 | €2,100 | -€930 | -30.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,222 | €8,008 | +€786 | +10.9% |
| Other operating charges | 640/8 | €848 | €764 | -€83 | -9.8% |
| Non-recurring operating charges | 66A | - | €760 | +€760 | |
| Gross operating margin | 9900 | €17,928 | €8,006 | -€9,922 | -55.3% |
| Operating profit (loss) | 9901 | €9,859 | -€1,525 | -€11,384 | |
| Financial income | 75/76B | €1,275 | €867 | -€408 | -32.0% |
| Recurring financial income | 75 | €1,275 | €867 | -€408 | -32.0% |
| Financial charges | 65/66B | €9,307 | €10,382 | +€1,075 | +11.6% |
| Recurring financial charges | 65 | €9,307 | €10,382 | +€1,075 | +11.6% |
| Profit (loss) for the period before taxes | 9903 | €1,827 | -€11,041 | -€12,868 | |
| Income taxes | 67/77 | €732 | €150 | -€581 | -79.4% |
| Profit (loss) for the period | 9904 | €1,096 | -€11,191 | -€12,287 | |
| Profit (loss) for the period to be appropriated | 9905 | €1,096 | -€11,191 | -€12,287 |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 4 November 2026 via checked.be.