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 -€158,105
down €158,105 (-50.2%), from €314,997 to €156,893
of which Trade receivables: -€89,703
- Cash -€74,153
down €74,153 (-45.3%), from €163,823 to €89,669
mainly Debts within one year (-€181,435) and Net result for the year (-€83,726)
- Tangible fixed assets -€52,906
down €52,906 (-9.9%), from €532,141 to €479,236
of which Land and buildings: -€54,652
- Debts within one year -€181,435
down €181,435 (-31.8%), from €570,087 to €388,652
of which Trade debts: -€224,406
- Profit (loss) carried forward -€83,726
down €83,726 (-39.1%), from €213,879 to €130,153
- Debts after one year -€19,995
down €19,995 (-8.8%), from €227,645 to €207,651
- Gross operating margin +€93,421
up €93,421 (+10.0%), from €931,477 to €1.0m
- Staff costs +€48,714
up €48,714 (+5.1%), from €962,344 to €1.0m
- Turnover -€30,047
down €30,047 (-12.4%), from €242,616 to €212,569
- Write-downs +€16,286
up €16,286 (+5,428,593%), from €0 to €16,286
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 | €1,011,619 | €726,456 | -€285,163 | -28.2% |
| Fixed assets | 21/28 | €532,353 | €479,448 | -€52,906 | -9.9% |
| Tangible fixed assets | 22/27 | €532,141 | €479,236 | -€52,906 | -9.9% |
| Land and buildings | 22 | €526,997 | €472,345 | -€54,652 | -10.4% |
| Plant, machinery and equipment | 23 | €4,810 | €6,891 | +€2,081 | +43.3% |
| Furniture and vehicles | 24 | €334 | - | -€334 | |
| Financial fixed assets | 28 | €212 | €212 | = | 0.0% |
| Current assets | 29/58 | €479,266 | €247,008 | -€232,258 | -48.5% |
| Amounts receivable within one year | 40/41 | €314,997 | €156,893 | -€158,105 | -50.2% |
| Trade receivables | 40 | €165,765 | €76,062 | -€89,703 | -54.1% |
| Other amounts receivable | 41 | €149,232 | €80,830 | -€68,401 | -45.8% |
| Cash at bank and in hand | 54/58 | €163,823 | €89,669 | -€74,153 | -45.3% |
| Deferred charges and accrued income | 490/1 | €446 | €446 | = | 0.0% |
| Total equity and liabilities | 10/49 | €1,011,619 | €726,456 | -€285,163 | -28.2% |
| Equity | 10/15 | €213,879 | €130,153 | -€83,726 | -39.1% |
| Profit (loss) carried forward | 14 | €213,879 | €130,153 | -€83,726 | -39.1% |
| Amounts payable | 17/49 | €797,740 | €596,303 | -€201,437 | -25.3% |
| Amounts payable after more than one year | 17 | €227,645 | €207,651 | -€19,995 | -8.8% |
| Financial debts | 170/4 | €227,645 | €207,651 | -€19,995 | -8.8% |
| Amounts payable within one year | 42/48 | €570,087 | €388,652 | -€181,435 | -31.8% |
| Current portion of amounts payable after more than one year | 42 | €19,479 | €19,995 | +€516 | +2.6% |
| Trade debts | 44 | €378,272 | €153,866 | -€224,406 | -59.3% |
| Suppliers | 440/4 | €378,272 | €153,866 | -€224,406 | -59.3% |
| Taxes, remuneration and social security | 45 | €102,336 | €144,792 | +€42,456 | +41.5% |
| Remuneration and social security | 454/9 | €102,336 | €144,792 | +€42,456 | +41.5% |
| Accrued charges and deferred income | 492/3 | €8 | - | -€8 | |
| Turnover | 70 | €242,616 | €212,569 | -€30,047 | -12.4% |
| Membership fees, donations, legacies and grants | 73 | €838,888 | €954,056 | +€115,169 | +13.7% |
| Goods, raw materials, services and sundry goods | 60/61 | €153,604 | €153,909 | +€305 | +0.2% |
| Remuneration, social security and pensions | 62 | €962,344 | €1,011,059 | +€48,714 | +5.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €61,615 | €58,219 | -€3,396 | -5.5% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €0 | €16,286 | +€16,286 | +5,428,593% |
| Other operating charges | 640/8 | €728 | €861 | +€133 | +18.3% |
| Non-recurring operating charges | 66A | - | €2,025 | +€2,025 | |
| Gross operating margin | 9900 | €931,477 | €1,024,898 | +€93,421 | +10.0% |
| Operating profit (loss) | 9901 | -€93,210 | -€63,552 | +€29,658 | +31.8% |
| Financial income | 75/76B | €113 | €376 | +€263 | +233% |
| Recurring financial income | 75 | €113 | €376 | +€263 | +233% |
| Financial charges | 65/66B | €16,213 | €20,550 | +€4,337 | +26.7% |
| Recurring financial charges | 65 | €16,213 | €20,550 | +€4,337 | +26.7% |
| Profit (loss) for the period before taxes | 9903 | -€109,311 | -€83,726 | +€25,585 | +23.4% |
| Profit (loss) for the period | 9904 | -€109,311 | -€83,726 | +€25,585 | +23.4% |
| Profit (loss) for the period to be appropriated | 9905 | -€109,311 | -€83,726 | +€25,585 | +23.4% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 14 October 2026 via checked.be.