A LA SOURCE: what changed
Two fiscal 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.
A LA SOURCE
Largest movements
- Cash -€19,785
down €19,785 (-98.3%), from €20,119 to €334
mainly Advances received (-€7,491) and Stocks and contracts (-€6,549)
- Stocks and contracts +€6,549
up €6,549 (+86.1%), from €7,602 to €14,151
- Receivables within one year +€2,430
up €2,430 (+155.5%), from €1,563 to €3,993
of which Other amounts receivable: +€2,650
- Advances received -€7,491
down €7,491 (-30.0%), from €25,000 to €17,509
- Other debts -€4,295
down €4,295 (-62.9%), from €6,829 to €2,533
- Profit (loss) carried forward +€1,435
up €1,435 (+3.3%), from -€43,214 to -€41,779
- Trade debts -€494
down €494 (-8.7%), from €5,709 to €5,215
of which Bills of exchange payable: -€3,337
- Gross operating margin +€13,208
up €13,208, from -€6,752 to €6,457
- Taxes +€3,334
new in 2025: €3,334
- Financial income -€809
down €809 (-99.1%), from €816 to €7
of which Financial income: -€809
- Depreciation +€415
up €415 (+133.6%), from €310 to €725
- Other operating charges -€238
down €238 (-29.2%), from €815 to €577
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.
Cash bridge derived
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 | €30,487 | €19,671 | -€10,816 | -35.5% |
| Fixed assets | 21/28 | €1,004 | €1,193 | +€189 | +18.8% |
| Tangible fixed assets | 22/27 | €1,004 | €1,193 | +€189 | +18.8% |
| Furniture and vehicles | 24 | €1,004 | €1,193 | +€189 | +18.8% |
| Current assets | 29/58 | €29,483 | €18,478 | -€11,005 | -37.3% |
| Stocks and contracts in progress | 3 | €7,602 | €14,151 | +€6,549 | +86.1% |
| Stocks | 30/36 | €7,602 | €14,151 | +€6,549 | +86.1% |
| Amounts receivable within one year | 40/41 | €1,563 | €3,993 | +€2,430 | +155.5% |
| Trade receivables | 40 | €220 | - | -€220 | |
| Other amounts receivable | 41 | €1,343 | €3,993 | +€2,650 | +197.3% |
| Cash at bank and in hand | 54/58 | €20,119 | €334 | -€19,785 | -98.3% |
| Deferred charges and accrued income | 490/1 | €199 | - | -€199 | |
| Total equity and liabilities | 10/49 | €30,487 | €19,671 | -€10,816 | -35.5% |
| Equity | 10/15 | -€7,592 | -€6,157 | +€1,435 | +18.9% |
| Contributions | 10/11 | €33,466 | €33,466 | = | 0.0% |
| Capital | 10 | €33,466 | €33,466 | = | 0.0% |
| Issued capital | 100 | €33,466 | €33,466 | = | 0.0% |
| Reserves | 13 | €2,156 | €2,156 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,487 | €1,487 | = | 0.0% |
| Legal reserve | 130 | €1,487 | €1,487 | = | 0.0% |
| Distributable reserves | 133 | €669 | €669 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€43,214 | -€41,779 | +€1,435 | +3.3% |
| Amounts payable | 17/49 | €38,079 | €25,828 | -€12,252 | -32.2% |
| Amounts payable within one year | 42/48 | €38,079 | €25,828 | -€12,252 | -32.2% |
| Trade debts | 44 | €5,709 | €5,215 | -€494 | -8.7% |
| Suppliers | 440/4 | €2,372 | €5,215 | +€2,843 | +119.9% |
| Bills of exchange payable | 441 | €3,337 | - | -€3,337 | |
| Advances received on contracts in progress | 46 | €25,000 | €17,509 | -€7,491 | -30.0% |
| Taxes, remuneration and social security | 45 | €541 | €570 | +€29 | +5.4% |
| Taxes | 450/3 | €541 | €570 | +€29 | +5.4% |
| Other amounts payable | 47/48 | €6,829 | €2,533 | -€4,295 | -62.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €310 | €725 | +€415 | +133.6% |
| Other operating charges | 640/8 | €815 | €577 | -€238 | -29.2% |
| Gross operating margin | 9900 | -€6,752 | €6,457 | +€13,208 | |
| Operating profit (loss) | 9901 | -€7,877 | €5,155 | +€13,031 | |
| Financial income | 75/76B | €816 | €7 | -€809 | -99.1% |
| Recurring financial income | 75 | €816 | €7 | -€809 | -99.1% |
| Non-recurring financial income | 76B | €816 | €7 | -€809 | -99.1% |
| Financial charges | 65/66B | €312 | €393 | +€81 | +25.9% |
| Recurring financial charges | 65 | €312 | €332 | +€20 | +6.4% |
| Non-recurring financial charges | 66B | - | €61 | +€61 | |
| Profit (loss) for the period before taxes | 9903 | -€7,372 | €4,769 | +€12,141 | |
| Income taxes | 67/77 | - | €3,334 | +€3,334 | |
| Profit (loss) for the period | 9904 | -€7,372 | €1,435 | +€8,808 | |
| Profit (loss) for the period to be appropriated | 9905 | -€7,372 | €1,435 | +€8,808 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.