LA SOURCE: 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.
LA SOURCE
Largest movements
- Receivables within one year -€6,924
down €6,924 (-46.1%), from €15,016 to €8,092
of which Other amounts receivable: -€4,974
- Tangible fixed assets -€5,723
down €5,723 (-49.3%), from €11,607 to €5,884
of which Furniture and vehicles: -€4,664
- Stocks and contracts +€544
up €544 (+2.6%), from €20,972 to €21,516
- Profit (loss) carried forward -€7,074
down €7,074 (-23.0%), from -€30,719 to -€37,793
- Other debts +€6,716
up €6,716 (+459%), from €1,464 to €8,180
- Debts after one year -€4,325
down €4,325 (-85.6%), from €5,052 to €727
- Short-term financial debts -€3,771
no longer reported in 2025 (was €3,771)
- Current portion of long-term debt -€1,990
down €1,990 (-30.7%), from €6,490 to €4,500
- Gross operating margin +€9,929
up €9,929, from -€8,021 to €1,908
- Write-downs -€1,111
no longer reported in 2025 (was €1,111)
- Financial charges -€385
down €385 (-24.8%), from €1,553 to €1,168
- Taxes +€244
new in 2025: €244
- Financial income -€192
down €192 (-60.0%), from €320 to €128
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 | €49,448 | €37,504 | -€11,944 | -24.2% |
| Fixed assets | 21/28 | €11,884 | €6,161 | -€5,723 | -48.2% |
| Tangible fixed assets | 22/27 | €11,607 | €5,884 | -€5,723 | -49.3% |
| Plant, machinery and equipment | 23 | €1,408 | €349 | -€1,059 | -75.2% |
| Furniture and vehicles | 24 | €10,199 | €5,535 | -€4,664 | -45.7% |
| Financial fixed assets | 28 | €277 | €277 | = | 0.0% |
| Current assets | 29/58 | €37,564 | €31,343 | -€6,221 | -16.6% |
| Stocks and contracts in progress | 3 | €20,972 | €21,516 | +€544 | +2.6% |
| Stocks | 30/36 | €20,972 | €21,516 | +€544 | +2.6% |
| Amounts receivable within one year | 40/41 | €15,016 | €8,092 | -€6,924 | -46.1% |
| Trade receivables | 40 | €10,042 | €8,092 | -€1,950 | -19.4% |
| Other amounts receivable | 41 | €4,974 | - | -€4,974 | |
| Cash at bank and in hand | 54/58 | €689 | €1,148 | +€459 | +66.6% |
| Deferred charges and accrued income | 490/1 | €887 | €587 | -€300 | -33.8% |
| Total equity and liabilities | 10/49 | €49,448 | €37,504 | -€11,944 | -24.2% |
| Equity | 10/15 | €23,367 | €16,293 | -€7,074 | -30.3% |
| Contributions | 10/11 | €30,987 | €30,987 | = | 0.0% |
| Contributions outside capital | 11 | €30,987 | €30,987 | = | 0.0% |
| Other | 1109/19 | €30,987 | €30,987 | = | 0.0% |
| Reserves | 13 | €23,099 | €23,099 | = | 0.0% |
| Distributable reserves | 133 | €23,099 | €23,099 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€30,719 | -€37,793 | -€7,074 | -23.0% |
| Amounts payable | 17/49 | €26,081 | €21,211 | -€4,870 | -18.7% |
| Amounts payable after more than one year | 17 | €5,052 | €727 | -€4,325 | -85.6% |
| Financial debts | 170/4 | €5,052 | €727 | -€4,325 | -85.6% |
| Amounts payable within one year | 42/48 | €21,029 | €20,484 | -€545 | -2.6% |
| Current portion of amounts payable after more than one year | 42 | €6,490 | €4,500 | -€1,990 | -30.7% |
| Financial debts | 43 | €3,771 | - | -€3,771 | |
| Credit institutions | 430/8 | €3,771 | - | -€3,771 | |
| Trade debts | 44 | €9,304 | €7,478 | -€1,826 | -19.6% |
| Suppliers | 440/4 | €9,304 | €7,478 | -€1,826 | -19.6% |
| Taxes, remuneration and social security | 45 | - | €326 | +€326 | |
| Taxes | 450/3 | - | €326 | +€326 | |
| Other amounts payable | 47/48 | €1,464 | €8,180 | +€6,716 | +459% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,902 | €5,723 | -€179 | -3.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €1,111 | - | -€1,111 | |
| Other operating charges | 640/8 | €2,156 | €1,975 | -€181 | -8.4% |
| Gross operating margin | 9900 | -€8,021 | €1,908 | +€9,929 | |
| Operating profit (loss) | 9901 | -€17,190 | -€5,790 | +€11,400 | +66.3% |
| Financial income | 75/76B | €320 | €128 | -€192 | -60.0% |
| Recurring financial income | 75 | €320 | €128 | -€192 | -60.0% |
| Financial charges | 65/66B | €1,553 | €1,168 | -€385 | -24.8% |
| Recurring financial charges | 65 | €1,553 | €1,168 | -€385 | -24.8% |
| Profit (loss) for the period before taxes | 9903 | -€18,423 | -€6,830 | +€11,593 | +62.9% |
| Income taxes | 67/77 | - | €244 | +€244 | |
| Profit (loss) for the period | 9904 | -€18,423 | -€7,074 | +€11,349 | +61.6% |
| Profit (loss) for the period to be appropriated | 9905 | -€18,423 | -€7,074 | +€11,349 | +61.6% |
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 30 October 2026 via checked.be.