1stein projects: 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.
1stein projects
Largest movements
- Stocks and contracts +€71,040
up €71,040 (+4.8%), from €1.5m to €1.6m
- Cash -€51,659
down €51,659 (-31.5%), from €164,239 to €112,579
mainly Debts after one year (-€115,000) and Stocks and contracts (-€71,040)
- Short-term financial debts +€122,500
up €122,500 (+31.0%), from €395,000 to €517,500
- Debts after one year -€115,000
down €115,000 (-9.8%), from €1.2m to €1.1m
- Reserves +€20,804
up €20,804 (+69.6%), from €29,911 to €50,716
- Gross operating margin -€12,521
down €12,521 (-12.9%), from €97,154 to €84,633
- Financial charges +€9,439
up €9,439 (+21.4%), from €44,089 to €53,528
- Taxes -€3,941
down €3,941 (-36.1%), from €10,909 to €6,968
- Other operating charges +€1,065
up €1,065 (+47.0%), from €2,267 to €3,333
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 | €1,662,521 | €1,679,393 | +€16,872 | +1.0% |
| Fixed assets | 21/28 | €0 | - | = | |
| Financial fixed assets | 28 | €0 | - | = | |
| Current assets | 29/58 | €1,662,521 | €1,679,393 | +€16,872 | +1.0% |
| Stocks and contracts in progress | 3 | €1,495,034 | €1,566,074 | +€71,040 | +4.8% |
| Stocks | 30/36 | €1,495,034 | €1,566,074 | +€71,040 | +4.8% |
| Amounts receivable within one year | 40/41 | €3,248 | €0 | -€3,248 | -100% |
| Trade receivables | 40 | €2,125 | €0 | -€2,125 | -100% |
| Other amounts receivable | 41 | €1,123 | €0 | -€1,123 | -100% |
| Cash at bank and in hand | 54/58 | €164,239 | €112,579 | -€51,659 | -31.5% |
| Deferred charges and accrued income | 490/1 | - | €740 | +€740 | |
| Total equity and liabilities | 10/49 | €1,662,521 | €1,679,393 | +€16,872 | +1.0% |
| Equity | 10/15 | €49,911 | €70,716 | +€20,804 | +41.7% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €29,911 | €50,716 | +€20,804 | +69.6% |
| Distributable reserves | 133 | €29,911 | €50,716 | +€20,804 | +69.6% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Amounts payable | 17/49 | €1,612,610 | €1,608,677 | -€3,932 | -0.2% |
| Amounts payable after more than one year | 17 | €1,169,350 | €1,054,350 | -€115,000 | -9.8% |
| Financial debts | 170/4 | €1,169,350 | €1,054,350 | -€115,000 | -9.8% |
| Amounts payable within one year | 42/48 | €442,307 | €552,282 | +€109,975 | +24.9% |
| Financial debts | 43 | €395,000 | €517,500 | +€122,500 | +31.0% |
| Credit institutions | 430/8 | €395,000 | €517,500 | +€122,500 | +31.0% |
| Trade debts | 44 | €362 | €258 | -€104 | -28.7% |
| Suppliers | 440/4 | €362 | €258 | -€104 | -28.7% |
| Taxes, remuneration and social security | 45 | €11,810 | €1,968 | -€9,843 | -83.3% |
| Taxes | 450/3 | €11,810 | €1,968 | -€9,843 | -83.3% |
| Other amounts payable | 47/48 | €35,134 | €32,556 | -€2,579 | -7.3% |
| Accrued charges and deferred income | 492/3 | €953 | €2,046 | +€1,093 | +115% |
| Other operating charges | 640/8 | €2,267 | €3,333 | +€1,065 | +47.0% |
| Gross operating margin | 9900 | €97,154 | €84,633 | -€12,521 | -12.9% |
| Operating profit (loss) | 9901 | €94,887 | €81,300 | -€13,587 | -14.3% |
| Financial income | 75/76B | €1 | €0 | -€1 | -100% |
| Recurring financial income | 75 | €1 | €0 | -€1 | -100% |
| Financial charges | 65/66B | €44,089 | €53,528 | +€9,439 | +21.4% |
| Recurring financial charges | 65 | €44,089 | €53,528 | +€9,439 | +21.4% |
| Profit (loss) for the period before taxes | 9903 | €50,799 | €27,772 | -€23,027 | -45.3% |
| Income taxes | 67/77 | €10,909 | €6,968 | -€3,941 | -36.1% |
| Profit (loss) for the period | 9904 | €39,890 | €20,804 | -€19,086 | -47.8% |
| Profit (loss) for the period to be appropriated | 9905 | €39,890 | €20,804 | -€19,086 | -47.8% |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 21 October 2026 via checked.be.