1S MANAGEMENT: 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.
1S MANAGEMENT
Largest movements
- Cash -€37,000
down €37,000 (-50.9%), from €72,645 to €35,645
mainly Contributions, distributions and other (-€133,006) and Debts after one year (-€6,429)
- Receivables within one year -€22,509
down €22,509 (-59.8%), from €37,662 to €15,154
of which Trade receivables: -€12,281
- Tangible fixed assets -€11,817
down €11,817 (-52.0%), from €22,727 to €10,910
of which Leasing and similar rights: -€8,090
- Deferred charges and accrued income -€1,366
down €1,366 (-92.8%), from €1,472 to €106
- Reserves -€101,432
down €101,432 (-100%), from €101,432 to €0
- Other debts +€26,338
up €26,338 (+4,380%), from €601 to €26,939
- Tax, wage and social debts +€11,100
up €11,100 (+117%), from €9,507 to €20,607
- Debts after one year -€6,429
down €6,429 (-100%), from €6,429 to €0
- Current portion of long-term debt -€3,738
down €3,738 (-39.9%), from €9,372 to €5,633
- Gross operating margin -€17,403
down €17,403 (-23.7%), from €73,349 to €55,946
- Depreciation -€4,018
down €4,018 (-25.4%), from €15,835 to €11,817
- Taxes -€1,979
down €1,979 (-16.6%), from €11,905 to €9,927
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 | €134,506 | €61,815 | -€72,691 | -54.0% |
| Fixed assets | 21/28 | €22,727 | €10,910 | -€11,817 | -52.0% |
| Tangible fixed assets | 22/27 | €22,727 | €10,910 | -€11,817 | -52.0% |
| Plant, machinery and equipment | 23 | €3,417 | €1,412 | -€2,005 | -58.7% |
| Furniture and vehicles | 24 | €2,844 | €2,037 | -€807 | -28.4% |
| Leasing and similar rights | 25 | €8,090 | €0 | -€8,090 | -100% |
| Other tangible fixed assets | 26 | €8,376 | €7,461 | -€915 | -10.9% |
| Current assets | 29/58 | €111,779 | €50,905 | -€60,874 | -54.5% |
| Amounts receivable within one year | 40/41 | €37,662 | €15,154 | -€22,509 | -59.8% |
| Trade receivables | 40 | €27,435 | €15,154 | -€12,281 | -44.8% |
| Other amounts receivable | 41 | €10,227 | €0 | -€10,227 | -100% |
| Cash at bank and in hand | 54/58 | €72,645 | €35,645 | -€37,000 | -50.9% |
| Deferred charges and accrued income | 490/1 | €1,472 | €106 | -€1,366 | -92.8% |
| Total equity and liabilities | 10/49 | €134,506 | €61,815 | -€72,691 | -54.0% |
| Equity | 10/15 | €106,432 | €5,000 | -€101,432 | -95.3% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €101,432 | €0 | -€101,432 | -100% |
| Distributable reserves | 133 | €101,432 | €0 | -€101,432 | -100% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €28,074 | €56,815 | +€28,740 | +102% |
| Amounts payable after more than one year | 17 | €6,429 | €0 | -€6,429 | -100% |
| Financial debts | 170/4 | €6,429 | €0 | -€6,429 | -100% |
| Amounts payable within one year | 42/48 | €19,646 | €55,815 | +€36,169 | +184% |
| Current portion of amounts payable after more than one year | 42 | €9,372 | €5,633 | -€3,738 | -39.9% |
| Trade debts | 44 | €166 | €2,635 | +€2,470 | +1,490% |
| Suppliers | 440/4 | €166 | €2,635 | +€2,470 | +1,490% |
| Taxes, remuneration and social security | 45 | €9,507 | €20,607 | +€11,100 | +117% |
| Taxes | 450/3 | €9,507 | €20,607 | +€11,100 | +117% |
| Other amounts payable | 47/48 | €601 | €26,939 | +€26,338 | +4,380% |
| Accrued charges and deferred income | 492/3 | €2,000 | €1,000 | -€1,000 | -50.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,835 | €11,817 | -€4,018 | -25.4% |
| Other operating charges | 640/8 | €1,016 | €1,243 | +€226 | +22.3% |
| Gross operating margin | 9900 | €73,349 | €55,946 | -€17,403 | -23.7% |
| Operating profit (loss) | 9901 | €56,498 | €42,886 | -€13,611 | -24.1% |
| Financial income | 75/76B | €215 | €105 | -€111 | -51.5% |
| Recurring financial income | 75 | €215 | €105 | -€111 | -51.5% |
| Non-recurring financial income | 76B | €0 | - | = | |
| Financial charges | 65/66B | €1,809 | €1,490 | -€319 | -17.6% |
| Recurring financial charges | 65 | €1,809 | €1,490 | -€319 | -17.6% |
| Profit (loss) for the period before taxes | 9903 | €54,904 | €41,501 | -€13,403 | -24.4% |
| Income taxes | 67/77 | €11,905 | €9,927 | -€1,979 | -16.6% |
| Profit (loss) for the period | 9904 | €42,998 | €31,574 | -€11,424 | -26.6% |
| Profit (loss) for the period to be appropriated | 9905 | €42,998 | €31,574 | -€11,424 | -26.6% |
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.