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
- Tangible fixed assets -€5,416
down €5,416 (-35.3%), from €15,333 to €9,917
of which Other tangible fixed assets: -€2,851
- Cash -€2,050
down €2,050 (-35.4%), from €5,796 to €3,746
mainly Debts after one year (-€10,719) and Deferred charges and accrued income (-€1,648)
- Stocks and contracts -€1,708
down €1,708 (-5.2%), from €32,883 to €31,174
- Deferred charges and accrued income +€1,648
up €1,648 (+358.1%), from €460 to €2,108
- Debts after one year -€10,719
down €10,719 (-25.1%), from €42,647 to €31,927
- Trade debts +€1,977
up €1,977 (+61.7%), from €3,205 to €5,182
- Profit (loss) carried forward -€644
down €644 (-19.1%), from -€3,375 to -€4,020
- Other operating charges +€800
up €800 (+326.7%), from €245 to €1,045
- Financial charges -€334
down €334 (-15.9%), from €2,103 to €1,769
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 | €56,485 | €48,065 | -€8,420 | -14.9% |
| Formation expenses | 20 | €0 | €0 | = | |
| Fixed assets | 21/28 | €17,012 | €11,036 | -€5,976 | -35.1% |
| Intangible fixed assets | 21 | €1,679 | €1,119 | -€560 | -33.4% |
| Tangible fixed assets | 22/27 | €15,333 | €9,917 | -€5,416 | -35.3% |
| Plant, machinery and equipment | 23 | €5,037 | €3,252 | -€1,785 | -35.4% |
| Furniture and vehicles | 24 | €2,209 | €1,429 | -€780 | -35.3% |
| Other tangible fixed assets | 26 | €8,088 | €5,236 | -€2,851 | -35.3% |
| Current assets | 29/58 | €39,472 | €37,029 | -€2,444 | -6.2% |
| Stocks and contracts in progress | 3 | €32,883 | €31,174 | -€1,708 | -5.2% |
| Stocks | 30/36 | €32,883 | €31,174 | -€1,708 | -5.2% |
| Amounts receivable within one year | 40/41 | €334 | €0 | -€334 | -100.0% |
| Trade receivables | 40 | €334 | €0 | -€334 | -100.0% |
| Other amounts receivable | 41 | €0 | €0 | = | |
| Cash at bank and in hand | 54/58 | €5,796 | €3,746 | -€2,050 | -35.4% |
| Deferred charges and accrued income | 490/1 | €460 | €2,108 | +€1,648 | +358.1% |
| Total equity and liabilities | 10/49 | €56,485 | €48,065 | -€8,420 | -14.9% |
| Equity | 10/15 | -€1,375 | -€2,020 | -€644 | -46.9% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€3,375 | -€4,020 | -€644 | -19.1% |
| Amounts payable | 17/49 | €57,860 | €50,085 | -€7,775 | -13.4% |
| Amounts payable after more than one year | 17 | €42,647 | €31,927 | -€10,719 | -25.1% |
| Financial debts | 170/4 | €42,647 | €31,927 | -€10,719 | -25.1% |
| Amounts payable within one year | 42/48 | €14,264 | €17,215 | +€2,951 | +20.7% |
| Current portion of amounts payable after more than one year | 42 | €10,510 | €10,719 | +€210 | +2.0% |
| Trade debts | 44 | €3,205 | €5,182 | +€1,977 | +61.7% |
| Suppliers | 440/4 | €3,205 | €5,182 | +€1,977 | +61.7% |
| Taxes, remuneration and social security | 45 | €461 | €1,019 | +€558 | +121.0% |
| Taxes | 450/3 | €461 | €1,019 | +€558 | +121.0% |
| Other amounts payable | 47/48 | €88 | €295 | +€207 | +234.9% |
| Accrued charges and deferred income | 492/3 | €949 | €942 | -€7 | -0.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,976 | €5,976 | = | 0.0% |
| Other operating charges | 640/8 | €245 | €1,045 | +€800 | +326.7% |
| Gross operating margin | 9900 | €8,115 | €8,131 | +€16 | +0.2% |
| Operating profit (loss) | 9901 | €1,894 | €1,110 | -€784 | -41.4% |
| Financial income | 75/76B | €34 | €21 | -€13 | -38.5% |
| Recurring financial income | 75 | €34 | €21 | -€13 | -38.5% |
| Financial charges | 65/66B | €2,103 | €1,769 | -€334 | -15.9% |
| Recurring financial charges | 65 | €2,103 | €1,769 | -€334 | -15.9% |
| Profit (loss) for the period before taxes | 9903 | -€174 | -€638 | -€464 | -265.8% |
| Income taxes | 67/77 | €9 | €6 | -€3 | -29.6% |
| Profit (loss) for the period | 9904 | -€183 | -€644 | -€461 | -251.3% |
| Profit (loss) for the period to be appropriated | 9905 | -€183 | -€644 | -€461 | -251.3% |
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.