FIRST SOLUTIONS COMPANY: what changed
FIRST SOLUTIONS COMPANY
Largest movements
- Receivables within one year -€37,513
down €37,513 (-26.1%), from €143,703 to €106,190
of which Trade receivables: -€57,651
- Stocks and contracts -€30,000
down €30,000 (-100%), from €30,000 to €0
- Tangible fixed assets -€5,317
down €5,317 (-70.9%), from €7,500 to €2,184
- Cash -€2,155
down €2,155 (-100%), from €2,155 to €0
mainly Net result for the year (-€47,591) and Other debts (-€37,444)
- Profit (loss) carried forward -€47,591
down €47,591 (-137%), from -€34,638 to -€82,228
- Other debts -€37,444
down €37,444 (-51.9%), from €72,159 to €34,715
- Trade debts +€7,569
up €7,569 (+7.4%), from €102,335 to €109,904
- Current portion of long-term debt -€6,229
down €6,229 (-82.7%), from €7,529 to €1,300
- Short-term financial debts +€4,934
up €4,934, from €0 to €4,934
- Turnover -€136,631
down €136,631 (-50.3%), from €271,867 to €135,236
- Purchases and services -€98,040
down €98,040 (-35.4%), from €276,611 to €178,571
- Gross operating margin -€44,496
down €44,496, from €6,151 to -€38,344
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 | €187,233 | €111,415 | -€75,817 | -40.5% |
| Fixed assets | 21/28 | €10,842 | €5,225 | -€5,617 | -51.8% |
| Tangible fixed assets | 22/27 | €7,500 | €2,184 | -€5,317 | -70.9% |
| Furniture and vehicles | 24 | €7,500 | €2,184 | -€5,317 | -70.9% |
| Financial fixed assets | 28 | €3,341 | €3,041 | -€300 | -9.0% |
| Current assets | 29/58 | €176,391 | €106,190 | -€70,201 | -39.8% |
| Stocks and contracts in progress | 3 | €30,000 | €0 | -€30,000 | -100% |
| Stocks | 30/36 | €30,000 | €0 | -€30,000 | -100% |
| Amounts receivable within one year | 40/41 | €143,703 | €106,190 | -€37,513 | -26.1% |
| Trade receivables | 40 | €142,994 | €85,343 | -€57,651 | -40.3% |
| Other amounts receivable | 41 | €708 | €20,847 | +€20,138 | +2,844% |
| Cash at bank and in hand | 54/58 | €2,155 | €0 | -€2,155 | -100% |
| Deferred charges and accrued income | 490/1 | €533 | €0 | -€533 | -100% |
| Total equity and liabilities | 10/49 | €187,233 | €111,415 | -€75,817 | -40.5% |
| Equity | 10/15 | -€28,438 | -€76,028 | -€47,591 | -167% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€34,638 | -€82,228 | -€47,591 | -137% |
| Amounts payable | 17/49 | €215,670 | €187,443 | -€28,227 | -13.1% |
| Amounts payable after more than one year | 17 | €1,300 | €0 | -€1,300 | -100% |
| Financial debts | 170/4 | €1,300 | €0 | -€1,300 | -100% |
| Amounts payable within one year | 42/48 | €214,370 | €187,443 | -€26,927 | -12.6% |
| Current portion of amounts payable after more than one year | 42 | €7,529 | €1,300 | -€6,229 | -82.7% |
| Financial debts | 43 | €0 | €4,934 | +€4,934 | |
| Credit institutions | 430/8 | €0 | €4,934 | +€4,934 | |
| Trade debts | 44 | €102,335 | €109,904 | +€7,569 | +7.4% |
| Suppliers | 440/4 | €102,335 | €109,904 | +€7,569 | +7.4% |
| Taxes, remuneration and social security | 45 | €32,348 | €36,590 | +€4,243 | +13.1% |
| Taxes | 450/3 | €757 | €1,269 | +€513 | +67.8% |
| Remuneration and social security | 454/9 | €31,591 | €35,321 | +€3,730 | +11.8% |
| Other amounts payable | 47/48 | €72,159 | €34,715 | -€37,444 | -51.9% |
| Turnover | 70 | €271,867 | €135,236 | -€136,631 | -50.3% |
| Goods, raw materials, services and sundry goods | 60/61 | €276,611 | €178,571 | -€98,040 | -35.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,167 | €7,167 | = | 0.0% |
| Other operating charges | 640/8 | €653 | €1,188 | +€534 | +81.8% |
| Gross operating margin | 9900 | €6,151 | -€38,344 | -€44,496 | |
| Operating profit (loss) | 9901 | -€1,669 | -€46,699 | -€45,030 | -2,698% |
| Financial charges | 65/66B | €1,390 | €557 | -€833 | -59.9% |
| Recurring financial charges | 65 | €1,390 | €557 | -€833 | -59.9% |
| Profit (loss) for the period before taxes | 9903 | -€3,059 | -€47,256 | -€44,197 | -1,445% |
| Income taxes | 67/77 | €329 | €335 | +€6 | +1.8% |
| Profit (loss) for the period | 9904 | -€3,388 | -€47,591 | -€44,203 | -1,305% |
| Profit (loss) for the period to be appropriated | 9905 | -€3,388 | -€47,591 | -€44,203 | -1,305% |
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 8 November 2026 via checked.be.