D-Sourcing: 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.
D-Sourcing
Largest movements
- Receivables after one year +€139,920
up €139,920 (+96.2%), from €145,482 to €285,402
- Cash +€7,675
up €7,675 (+476.2%), from €1,612 to €9,287
mainly Net result for the year (+€81,883) and Tax, wage and social debts (+€59,694)
- Deferred charges and accrued income +€7,035
up €7,035 (+166.4%), from €4,227 to €11,262
- Profit (loss) carried forward +€81,883
up €81,883 (+97.4%), from -€84,031 to -€2,148
- Tax, wage and social debts +€59,694
up €59,694 (+205.5%), from €29,053 to €88,746
of which Taxes: +€59,877
- Trade debts +€11,849
up €11,849 (+5.9%), from €199,646 to €211,495
- Gross operating margin -€33,826
down €33,826 (-18.5%), from €183,083 to €149,257
- Financial income +€28,222
up €28,222 (+663.9%), from €4,251 to €32,473
- Financial charges -€15,318
down €15,318 (-85.0%), from €18,019 to €2,701
- Taxes +€5,836
new in 2025: €5,836
- Staff costs -€4,390
down €4,390 (-4.6%), from €95,181 to €90,791
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 | €163,268 | €316,693 | +€153,425 | +94.0% |
| Fixed assets | 21/28 | €520 | €520 | = | 0.0% |
| Financial fixed assets | 28 | €520 | €520 | = | 0.0% |
| Current assets | 29/58 | €162,748 | €316,173 | +€153,425 | +94.3% |
| Amounts receivable after more than one year | 29 | €145,482 | €285,402 | +€139,920 | +96.2% |
| Other amounts receivable | 291 | €145,482 | €285,402 | +€139,920 | +96.2% |
| Stocks and contracts in progress | 3 | €11,427 | €10,222 | -€1,204 | -10.5% |
| Stocks | 30/36 | €11,427 | €10,222 | -€1,204 | -10.5% |
| Cash at bank and in hand | 54/58 | €1,612 | €9,287 | +€7,675 | +476.2% |
| Deferred charges and accrued income | 490/1 | €4,227 | €11,262 | +€7,035 | +166.4% |
| Total equity and liabilities | 10/49 | €163,268 | €316,693 | +€153,425 | +94.0% |
| Equity | 10/15 | -€65,431 | €16,452 | +€81,883 | |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€84,031 | -€2,148 | +€81,883 | +97.4% |
| Amounts payable | 17/49 | €228,699 | €300,241 | +€71,542 | +31.3% |
| Amounts payable within one year | 42/48 | €228,699 | €300,241 | +€71,542 | +31.3% |
| Trade debts | 44 | €199,646 | €211,495 | +€11,849 | +5.9% |
| Suppliers | 440/4 | €199,646 | €211,495 | +€11,849 | +5.9% |
| Taxes, remuneration and social security | 45 | €29,053 | €88,746 | +€59,694 | +205.5% |
| Taxes | 450/3 | €17,937 | €77,815 | +€59,877 | +333.8% |
| Remuneration and social security | 454/9 | €11,115 | €10,932 | -€183 | -1.7% |
| Remuneration, social security and pensions | 62 | €95,181 | €90,791 | -€4,390 | -4.6% |
| Other operating charges | 640/8 | €617 | €520 | -€98 | -15.8% |
| Gross operating margin | 9900 | €183,083 | €149,257 | -€33,826 | -18.5% |
| Operating profit (loss) | 9901 | €87,285 | €57,946 | -€29,338 | -33.6% |
| Financial income | 75/76B | €4,251 | €32,473 | +€28,222 | +663.9% |
| Recurring financial income | 75 | €4,251 | €32,473 | +€28,222 | +663.9% |
| Financial charges | 65/66B | €18,019 | €2,701 | -€15,318 | -85.0% |
| Recurring financial charges | 65 | €18,019 | €2,701 | -€15,318 | -85.0% |
| Profit (loss) for the period before taxes | 9903 | €73,517 | €87,719 | +€14,202 | +19.3% |
| Income taxes | 67/77 | - | €5,836 | +€5,836 | |
| Profit (loss) for the period | 9904 | €73,517 | €81,883 | +€8,366 | +11.4% |
| Profit (loss) for the period to be appropriated | 9905 | €73,517 | €81,883 | +€8,366 | +11.4% |
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 5 October 2026 via checked.be.