SORCE SECURITY: 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.
SORCE SECURITY
Largest movements
- Tangible fixed assets +€3,117
up €3,117 (+8.7%), from €35,846 to €38,963
of which Furniture and vehicles: +€9,133
- Cash -€1,949
down €1,949 (-52.2%), from €3,733 to €1,784
mainly Investment in fixed assets (net) (-€10,679) and Debts after one year (-€2,979)
- Receivables within one year +€1,387
up €1,387 (+13.3%), from €10,464 to €11,851
of which Other amounts receivable: +€2,292
- Current portion of long-term debt +€3,979
up €3,979 (+112.7%), from €3,530 to €7,509
- Other debts +€3,118
new in 2025: €3,118
- Debts after one year -€2,979
down €2,979 (-11.3%), from €26,288 to €23,309
- Trade debts -€2,532
down €2,532 (-42.8%), from €5,910 to €3,378
- Profit (loss) carried forward +€1,603
up €1,603 (+33.4%), from -€4,803 to -€3,201
- Gross operating margin -€790
down €790 (-6.0%), from €13,083 to €12,292
- Financial charges +€367
up €367 (+25.6%), from €1,434 to €1,801
- Depreciation +€273
up €273 (+3.7%), from €7,289 to €7,562
- Other operating charges +€172
up €172 (+14.8%), from €1,160 to €1,333
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 | €52,591 | €54,898 | +€2,307 | +4.4% |
| Fixed assets | 21/28 | €36,736 | €39,853 | +€3,117 | +8.5% |
| Tangible fixed assets | 22/27 | €35,846 | €38,963 | +€3,117 | +8.7% |
| Plant, machinery and equipment | 23 | €507 | €415 | -€92 | -18.2% |
| Furniture and vehicles | 24 | €913 | €10,046 | +€9,133 | +1000.0% |
| Leasing and similar rights | 25 | €29,649 | €26,092 | -€3,556 | -12.0% |
| Other tangible fixed assets | 26 | €4,777 | €2,410 | -€2,368 | -49.6% |
| Financial fixed assets | 28 | €890 | €890 | = | 0.0% |
| Current assets | 29/58 | €15,855 | €15,045 | -€810 | -5.1% |
| Amounts receivable within one year | 40/41 | €10,464 | €11,851 | +€1,387 | +13.3% |
| Trade receivables | 40 | €8,726 | €7,821 | -€904 | -10.4% |
| Other amounts receivable | 41 | €1,738 | €4,029 | +€2,292 | +131.9% |
| Cash at bank and in hand | 54/58 | €3,733 | €1,784 | -€1,949 | -52.2% |
| Deferred charges and accrued income | 490/1 | €1,659 | €1,411 | -€248 | -14.9% |
| Total equity and liabilities | 10/49 | €52,591 | €54,898 | +€2,307 | +4.4% |
| Equity | 10/15 | €12,826 | €14,429 | +€1,603 | +12.5% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €11,429 | €11,429 | = | 0.0% |
| Tax-exempt reserves | 132 | €6,271 | €6,271 | = | 0.0% |
| Distributable reserves | 133 | €5,159 | €5,159 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€4,803 | -€3,201 | +€1,603 | +33.4% |
| Amounts payable | 17/49 | €39,765 | €40,470 | +€704 | +1.8% |
| Amounts payable after more than one year | 17 | €26,288 | €23,309 | -€2,979 | -11.3% |
| Financial debts | 170/4 | €26,288 | €23,309 | -€2,979 | -11.3% |
| Amounts payable within one year | 42/48 | €13,239 | €17,005 | +€3,765 | +28.4% |
| Current portion of amounts payable after more than one year | 42 | €3,530 | €7,509 | +€3,979 | +112.7% |
| Trade debts | 44 | €5,910 | €3,378 | -€2,532 | -42.8% |
| Suppliers | 440/4 | €5,910 | €3,378 | -€2,532 | -42.8% |
| Advances received on contracts in progress | 46 | €799 | - | -€799 | |
| Taxes, remuneration and social security | 45 | €3,000 | €3,000 | = | 0.0% |
| Remuneration and social security | 454/9 | €3,000 | €3,000 | = | 0.0% |
| Other amounts payable | 47/48 | - | €3,118 | +€3,118 | |
| Accrued charges and deferred income | 492/3 | €237 | €155 | -€82 | -34.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,289 | €7,562 | +€273 | +3.7% |
| Other operating charges | 640/8 | €1,160 | €1,333 | +€172 | +14.8% |
| Gross operating margin | 9900 | €13,083 | €12,292 | -€790 | -6.0% |
| Operating profit (loss) | 9901 | €4,633 | €3,398 | -€1,236 | -26.7% |
| Financial income | 75/76B | €1 | €6 | +€5 | +664.5% |
| Recurring financial income | 75 | €1 | €6 | +€5 | +664.5% |
| Financial charges | 65/66B | €1,434 | €1,801 | +€367 | +25.6% |
| Recurring financial charges | 65 | €1,434 | €1,801 | +€367 | +25.6% |
| Profit (loss) for the period before taxes | 9903 | €3,201 | €1,603 | -€1,598 | -49.9% |
| Profit (loss) for the period | 9904 | €3,201 | €1,603 | -€1,598 | -49.9% |
| Profit (loss) for the period to be appropriated | 9905 | €3,201 | €1,603 | -€1,598 | -49.9% |
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 11 October 2026 via checked.be.