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
- Tangible fixed assets -€39,716
down €39,716 (-4.6%), from €863,210 to €823,494
of which Plant, machinery and equipment: -€30,217
- Other debts -€20,196
down €20,196 (-16.1%), from €125,808 to €105,612
- Debts after one year -€18,671
down €18,671 (-5.8%), from €322,884 to €304,213
- Gross operating margin +€6,119
up €6,119 (+11.3%), from €54,040 to €60,159
- Depreciation -€1,697
down €1,697 (-4.1%), from €41,413 to €39,716
- Other operating charges +€1,684
up €1,684 (+26.3%), from €6,400 to €8,084
- Financial charges +€681
up €681 (+10.2%), from €6,695 to €7,376
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 | €887,606 | €850,155 | -€37,451 | -4.2% |
| Fixed assets | 21/28 | €863,309 | €823,593 | -€39,716 | -4.6% |
| Tangible fixed assets | 22/27 | €863,210 | €823,494 | -€39,716 | -4.6% |
| Land and buildings | 22 | €470,317 | €469,058 | -€1,259 | -0.3% |
| Plant, machinery and equipment | 23 | €360,685 | €330,468 | -€30,217 | -8.4% |
| Furniture and vehicles | 24 | €32,208 | €23,968 | -€8,240 | -25.6% |
| Financial fixed assets | 28 | €99 | €99 | = | 0.0% |
| Current assets | 29/58 | €24,297 | €26,562 | +€2,265 | +9.3% |
| Amounts receivable within one year | 40/41 | €10,353 | €11,734 | +€1,381 | +13.3% |
| Trade receivables | 40 | €180 | €1,530 | +€1,350 | +750% |
| Other amounts receivable | 41 | €10,173 | €10,204 | +€31 | +0.3% |
| Cash at bank and in hand | 54/58 | €5,338 | €11,431 | +€6,093 | +114% |
| Deferred charges and accrued income | 490/1 | €8,606 | €3,397 | -€5,209 | -60.5% |
| Total equity and liabilities | 10/49 | €887,606 | €850,155 | -€37,451 | -4.2% |
| Equity | 10/15 | €414,857 | €420,309 | +€5,452 | +1.3% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Revaluation surpluses | 12 | €430,000 | €430,000 | = | 0.0% |
| Reserves | 13 | €357 | €357 | = | 0.0% |
| Non-distributable reserves | 130/1 | €357 | €357 | = | 0.0% |
| Reserves not available under the articles | 1311 | €357 | €357 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€34,092 | -€28,640 | +€5,452 | +16.0% |
| Amounts payable | 17/49 | €472,749 | €429,846 | -€42,903 | -9.1% |
| Amounts payable after more than one year | 17 | €322,884 | €304,213 | -€18,671 | -5.8% |
| Financial debts | 170/4 | €322,884 | €304,213 | -€18,671 | -5.8% |
| Amounts payable within one year | 42/48 | €149,865 | €125,633 | -€24,232 | -16.2% |
| Current portion of amounts payable after more than one year | 42 | €22,396 | €18,672 | -€3,724 | -16.6% |
| Trade debts | 44 | €1,661 | €1,349 | -€312 | -18.8% |
| Suppliers | 440/4 | €1,661 | €1,349 | -€312 | -18.8% |
| Other amounts payable | 47/48 | €125,808 | €105,612 | -€20,196 | -16.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €41,413 | €39,716 | -€1,697 | -4.1% |
| Other operating charges | 640/8 | €6,400 | €8,084 | +€1,684 | +26.3% |
| Gross operating margin | 9900 | €54,040 | €60,159 | +€6,119 | +11.3% |
| Operating profit (loss) | 9901 | €6,227 | €12,359 | +€6,132 | +98.5% |
| Financial income | 75/76B | - | €472 | +€472 | |
| Recurring financial income | 75 | - | €472 | +€472 | |
| Financial charges | 65/66B | €6,695 | €7,376 | +€681 | +10.2% |
| Recurring financial charges | 65 | €6,695 | €7,376 | +€681 | +10.2% |
| Profit (loss) for the period before taxes | 9903 | -€468 | €5,455 | +€5,923 | |
| Income taxes | 67/77 | - | €3 | +€3 | |
| Profit (loss) for the period | 9904 | -€468 | €5,452 | +€5,920 | |
| Profit (loss) for the period to be appropriated | 9905 | -€468 | €5,452 | +€5,920 |
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 13 October 2026 via checked.be.