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.
La Source
Largest movements
- Cash +€203,245
up €203,245 (+120.8%), from €168,218 to €371,463
mainly Net result for the year (+€190,337) and Receivables within one year (+€78,820)
- Receivables within one year -€78,820
down €78,820 (-56.9%), from €138,482 to €59,662
of which Other amounts receivable: -€69,752
- Tangible fixed assets -€30,326
down €30,326 (-3.6%), from €849,704 to €819,378
of which Land and buildings: -€20,705
- Deferred charges and accrued income -€16,979
down €16,979 (-8.4%), from €203,193 to €186,215
- Tax, wage and social debts +€68,054
up €68,054 (+10499.2%), from €648 to €68,703
of which Remuneration and social security: +€68,703
- Profit (loss) carried forward +€46,066
up €46,066 (+8.2%), from €563,956 to €610,021
- Investment grants -€28,208
down €28,208 (-4.4%), from €638,659 to €610,450
- Staff costs +€210,515
up €210,515 (+30.1%), from €698,684 to €909,199
- Gross operating margin +€137,884
up €137,884 (+13.9%), from €988,777 to €1.1m
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 | €1,370,858 | €1,447,977 | +€77,120 | +5.6% |
| Fixed assets | 21/28 | €849,828 | €819,502 | -€30,326 | -3.6% |
| Tangible fixed assets | 22/27 | €849,704 | €819,378 | -€30,326 | -3.6% |
| Land and buildings | 22 | €776,866 | €756,161 | -€20,705 | -2.7% |
| Plant, machinery and equipment | 23 | €30,439 | €24,781 | -€5,657 | -18.6% |
| Furniture and vehicles | 24 | €42,400 | €38,436 | -€3,964 | -9.3% |
| Financial fixed assets | 28 | €124 | €124 | = | 0.0% |
| Current assets | 29/58 | €521,030 | €628,476 | +€107,446 | +20.6% |
| Stocks and contracts in progress | 3 | €11,136 | €11,136 | = | 0.0% |
| Stocks | 30/36 | €11,136 | €11,136 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €138,482 | €59,662 | -€78,820 | -56.9% |
| Trade receivables | 40 | €67,287 | €58,219 | -€9,068 | -13.5% |
| Other amounts receivable | 41 | €71,195 | €1,443 | -€69,752 | -98.0% |
| Cash at bank and in hand | 54/58 | €168,218 | €371,463 | +€203,245 | +120.8% |
| Deferred charges and accrued income | 490/1 | €203,193 | €186,215 | -€16,979 | -8.4% |
| Total equity and liabilities | 10/49 | €1,370,858 | €1,447,977 | +€77,120 | +5.6% |
| Equity | 10/15 | €1,202,615 | €1,220,472 | +€17,857 | +1.5% |
| Profit (loss) carried forward | 14 | €563,956 | €610,021 | +€46,066 | +8.2% |
| Investment grants | 15 | €638,659 | €610,450 | -€28,208 | -4.4% |
| Provisions and deferred taxes | 16 | €100,000 | €100,000 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €100,000 | €100,000 | = | 0.0% |
| Major repairs and maintenance | 162 | €100,000 | €100,000 | = | 0.0% |
| Amounts payable | 17/49 | €68,243 | €127,506 | +€59,262 | +86.8% |
| Amounts payable within one year | 42/48 | €68,243 | €127,506 | +€59,262 | +86.8% |
| Trade debts | 44 | €67,595 | €58,803 | -€8,792 | -13.0% |
| Suppliers | 440/4 | €67,595 | €58,803 | -€8,792 | -13.0% |
| Taxes, remuneration and social security | 45 | €648 | €68,703 | +€68,054 | +10499.2% |
| Taxes | 450/3 | €648 | - | -€648 | |
| Remuneration and social security | 454/9 | - | €68,703 | +€68,703 | |
| Non-recurring operating income | 76A | - | €470 | +€470 | |
| Remuneration, social security and pensions | 62 | €698,684 | €909,199 | +€210,515 | +30.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €51,117 | €50,969 | -€148 | -0.3% |
| Other operating charges | 640/8 | €1,185 | €5,336 | +€4,151 | +350.2% |
| Non-recurring operating charges | 66A | €2,472 | €0 | -€2,472 | -100.0% |
| Gross operating margin | 9900 | €988,777 | €1,126,661 | +€137,884 | +13.9% |
| Operating profit (loss) | 9901 | €235,318 | €161,158 | -€74,161 | -31.5% |
| Financial income | 75/76B | €28,208 | €29,775 | +€1,567 | +5.6% |
| Recurring financial income | 75 | €28,208 | €29,775 | +€1,567 | +5.6% |
| Financial charges | 65/66B | €137 | €126 | -€11 | -8.2% |
| Recurring financial charges | 65 | €137 | €126 | -€11 | -8.2% |
| Profit (loss) for the period before taxes | 9903 | €263,390 | €190,807 | -€72,582 | -27.6% |
| Income taxes | 67/77 | - | €470 | +€470 | |
| Profit (loss) for the period | 9904 | €263,390 | €190,337 | -€73,052 | -27.7% |
| Profit (loss) for the period to be appropriated | 9905 | €263,390 | €190,337 | -€73,052 | -27.7% |
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 8 October 2026 via checked.be.