LA SOURCE BEER CO: 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 BEER CO
Largest movements
- Tangible fixed assets -€42,013
down €42,013 (-22.4%), from €187,931 to €145,918
of which Plant, machinery and equipment: -€32,715
- Cash +€22,477
up €22,477 (+46.0%), from €48,872 to €71,349
mainly Depreciation (+€44,972) and Net result for the year (+€31,935)
- Stocks and contracts +€19,942
up €19,942 (+24.3%), from €82,083 to €102,025
- Receivables within one year +€9,243
up €9,243 (+23.0%), from €40,268 to €49,511
- Profit (loss) carried forward +€31,935
up €31,935 (+26.9%), from -€118,795 to -€86,860
- Other debts -€17,651
down €17,651 (-58.6%), from €30,105 to €12,454
- Tax, wage and social debts +€10,849
up €10,849 (+27.4%), from €39,556 to €50,405
of which Remuneration and social security: +€25,222
- Investment grants -€7,050
down €7,050 (-21.1%), from €33,394 to €26,344
- Short-term financial debts +€4,420
new in 2025: €4,420
- Gross operating margin +€105,683
up €105,683 (+41.4%), from €255,309 to €360,992
- Staff costs +€27,215
up €27,215 (+12.7%), from €214,287 to €241,501
- Other operating charges +€6,656
up €6,656 (+18.1%), from €36,853 to €43,509
- Depreciation -€5,575
down €5,575 (-11.0%), from €50,547 to €44,972
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 | €362,863 | €378,415 | +€15,553 | +4.3% |
| Fixed assets | 21/28 | €190,305 | €150,868 | -€39,437 | -20.7% |
| Intangible fixed assets | 21 | €424 | - | -€424 | |
| Tangible fixed assets | 22/27 | €187,931 | €145,918 | -€42,013 | -22.4% |
| Plant, machinery and equipment | 23 | €130,271 | €97,557 | -€32,715 | -25.1% |
| Furniture and vehicles | 24 | €8,027 | €7,943 | -€84 | -1.0% |
| Other tangible fixed assets | 26 | €49,633 | €40,419 | -€9,214 | -18.6% |
| Financial fixed assets | 28 | €1,950 | €4,950 | +€3,000 | +153.8% |
| Current assets | 29/58 | €172,558 | €227,547 | +€54,990 | +31.9% |
| Stocks and contracts in progress | 3 | €82,083 | €102,025 | +€19,942 | +24.3% |
| Stocks | 30/36 | €82,083 | €102,025 | +€19,942 | +24.3% |
| Amounts receivable within one year | 40/41 | €40,268 | €49,511 | +€9,243 | +23.0% |
| Trade receivables | 40 | €40,268 | €49,511 | +€9,243 | +23.0% |
| Cash at bank and in hand | 54/58 | €48,872 | €71,349 | +€22,477 | +46.0% |
| Deferred charges and accrued income | 490/1 | €1,335 | €4,662 | +€3,327 | +249.3% |
| Total equity and liabilities | 10/49 | €362,863 | €378,415 | +€15,553 | +4.3% |
| Equity | 10/15 | €15,598 | €40,483 | +€24,885 | +159.5% |
| Contributions | 10/11 | €101,000 | €101,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€118,795 | -€86,860 | +€31,935 | +26.9% |
| Investment grants | 15 | €33,394 | €26,344 | -€7,050 | -21.1% |
| Amounts payable | 17/49 | €347,264 | €337,932 | -€9,332 | -2.7% |
| Amounts payable after more than one year | 17 | €91,675 | €87,929 | -€3,746 | -4.1% |
| Financial debts | 170/4 | €80,342 | €58,596 | -€21,746 | -27.1% |
| Other amounts payable | 178/9 | €11,334 | €29,334 | +€18,000 | +158.8% |
| Amounts payable within one year | 42/48 | €253,828 | €250,003 | -€3,825 | -1.5% |
| Current portion of amounts payable after more than one year | 42 | €42,697 | €43,226 | +€529 | +1.2% |
| Financial debts | 43 | - | €4,420 | +€4,420 | |
| Credit institutions | 430/8 | - | €4,420 | +€4,420 | |
| Trade debts | 44 | €141,471 | €139,498 | -€1,972 | -1.4% |
| Suppliers | 440/4 | €141,471 | €139,498 | -€1,972 | -1.4% |
| Taxes, remuneration and social security | 45 | €39,556 | €50,405 | +€10,849 | +27.4% |
| Taxes | 450/3 | €23,067 | €8,694 | -€14,373 | -62.3% |
| Remuneration and social security | 454/9 | €16,489 | €41,711 | +€25,222 | +153.0% |
| Other amounts payable | 47/48 | €30,105 | €12,454 | -€17,651 | -58.6% |
| Accrued charges and deferred income | 492/3 | €1,761 | - | -€1,761 | |
| Non-recurring operating income | 76A | - | €47,223 | +€47,223 | |
| Remuneration, social security and pensions | 62 | €214,287 | €241,501 | +€27,215 | +12.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €50,547 | €44,972 | -€5,575 | -11.0% |
| Other operating charges | 640/8 | €36,853 | €43,509 | +€6,656 | +18.1% |
| Gross operating margin | 9900 | €255,309 | €360,992 | +€105,683 | +41.4% |
| Operating profit (loss) | 9901 | -€46,378 | €31,009 | +€77,387 | |
| Financial income | 75/76B | €8,255 | €7,190 | -€1,064 | -12.9% |
| Recurring financial income | 75 | €8,255 | €7,190 | -€1,064 | -12.9% |
| Financial charges | 65/66B | €8,623 | €6,124 | -€2,499 | -29.0% |
| Recurring financial charges | 65 | €8,623 | €6,124 | -€2,499 | -29.0% |
| Profit (loss) for the period before taxes | 9903 | -€46,746 | €32,076 | +€78,821 | |
| Income taxes | 67/77 | €140 | €141 | +€1 | +1.0% |
| Profit (loss) for the period | 9904 | -€46,885 | €31,935 | +€78,820 | |
| Profit (loss) for the period to be appropriated | 9905 | -€46,885 | €31,935 | +€78,820 |
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 12 October 2026 via checked.be.