VUMASOLAR: 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.
VUMASOLAR
Largest movements
- Cash +€1.4m
up €1.4m (+910%), from €154,286 to €1.6m
mainly Net result for the year (+€1.3m) and Current investments (+€500,000)
- Tangible fixed assets +€522,945
up €522,945 (+25.5%), from €2.1m to €2.6m
of which Land and buildings: +€389,903
- Current investments -€500,000
down €500,000 (-100%), from €500,000 to €0
- Reserves +€1.3m
up €1.3m (+64.6%), from €2.0m to €3.3m
- Trade debts +€86,721
up €86,721 (+1,224%), from €7,083 to €93,804
- Tax, wage and social debts +€84,098
up €84,098 (+322%), from €26,127 to €110,225
of which Taxes: +€87,228
- Debts after one year -€73,317
down €73,317 (-7.6%), from €965,870 to €892,553
- Gross operating margin +€1.2m
up €1.2m (+180%), from €670,952 to €1.9m
- Financial income -€953,368
down €953,368 (-95.3%), from €1.0m to €46,809
- Taxes +€314,267
up €314,267 (+270%), from €116,392 to €430,659
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.
Derived cash bridge
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 | €3,175,464 | €4,605,309 | +€1.4m | +45.0% |
| Fixed assets | 21/28 | €2,505,093 | €3,028,038 | +€522,945 | +20.9% |
| Tangible fixed assets | 22/27 | €2,053,093 | €2,576,038 | +€522,945 | +25.5% |
| Land and buildings | 22 | €2,027,562 | €2,417,465 | +€389,903 | +19.2% |
| Plant, machinery and equipment | 23 | €24,956 | €158,427 | +€133,471 | +535% |
| Furniture and vehicles | 24 | €575 | €146 | -€430 | -74.7% |
| Financial fixed assets | 28 | €452,000 | €452,000 | = | 0.0% |
| Current assets | 29/58 | €670,371 | €1,577,271 | +€906,899 | +135% |
| Amounts receivable within one year | 40/41 | €15,169 | €13,892 | -€1,277 | -8.4% |
| Trade receivables | 40 | €12,254 | €3,447 | -€8,807 | -71.9% |
| Other amounts receivable | 41 | €2,915 | €10,445 | +€7,530 | +258% |
| Current investments | 50/53 | €500,000 | €0 | -€500,000 | -100% |
| Cash at bank and in hand | 54/58 | €154,286 | €1,558,320 | +€1.4m | +910% |
| Deferred charges and accrued income | 490/1 | €916 | €5,059 | +€4,142 | +452% |
| Total equity and liabilities | 10/49 | €3,175,464 | €4,605,309 | +€1.4m | +45.0% |
| Equity | 10/15 | €2,080,695 | €3,391,961 | +€1.3m | +63.0% |
| Contributions | 10/11 | €50,000 | €50,000 | = | 0.0% |
| Reserves | 13 | €2,030,000 | €3,341,961 | +€1.3m | +64.6% |
| Distributable reserves | 133 | €2,030,000 | €3,341,961 | +€1.3m | +64.6% |
| Profit (loss) carried forward | 14 | €695 | €0 | -€695 | -100% |
| Amounts payable | 17/49 | €1,094,770 | €1,213,348 | +€118,578 | +10.8% |
| Amounts payable after more than one year | 17 | €965,870 | €892,553 | -€73,317 | -7.6% |
| Financial debts | 170/4 | €965,870 | €892,553 | -€73,317 | -7.6% |
| Amounts payable within one year | 42/48 | €121,674 | €311,249 | +€189,575 | +156% |
| Current portion of amounts payable after more than one year | 42 | €72,297 | €73,317 | +€1,019 | +1.4% |
| Financial debts | 43 | €0 | - | = | |
| Other loans | 439 | €0 | - | = | |
| Trade debts | 44 | €7,083 | €93,804 | +€86,721 | +1,224% |
| Suppliers | 440/4 | €7,083 | €93,804 | +€86,721 | +1,224% |
| Taxes, remuneration and social security | 45 | €26,127 | €110,225 | +€84,098 | +322% |
| Taxes | 450/3 | €22,997 | €110,225 | +€87,228 | +379% |
| Remuneration and social security | 454/9 | €3,130 | €0 | -€3,130 | -100% |
| Other amounts payable | 47/48 | €16,166 | €33,904 | +€17,737 | +110% |
| Accrued charges and deferred income | 492/3 | €7,226 | €9,546 | +€2,320 | +32.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €146,110 | €146,001 | -€109 | -0.1% |
| Other operating charges | 640/8 | €3,939 | €6,907 | +€2,969 | +75.4% |
| Gross operating margin | 9900 | €670,952 | €1,876,188 | +€1.2m | +180% |
| Operating profit (loss) | 9901 | €520,903 | €1,723,279 | +€1.2m | +231% |
| Financial income | 75/76B | €1,000,177 | €46,809 | -€953,368 | -95.3% |
| Recurring financial income | 75 | €1,000,177 | €46,809 | -€953,368 | -95.3% |
| Financial charges | 65/66B | €15,608 | €14,963 | -€644 | -4.1% |
| Recurring financial charges | 65 | €15,608 | €14,963 | -€644 | -4.1% |
| Profit (loss) for the period before taxes | 9903 | €1,505,472 | €1,755,125 | +€249,653 | +16.6% |
| Income taxes | 67/77 | €116,392 | €430,659 | +€314,267 | +270% |
| Profit (loss) for the period | 9904 | €1,389,080 | €1,324,466 | -€64,614 | -4.7% |
| Profit (loss) for the period to be appropriated | 9905 | €1,389,080 | €1,324,466 | -€64,614 | -4.7% |
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 19 October 2026 via checked.be.