Source Automation Belgium: 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.
What changed
Source Automation Belgium
NACE 78.100, Employment placement agencies
financial year 2024 compared with 2023filed annual accounts (NBB)
Net result for the year
€234,989
2023 · €327,660-€92,671
Equity
€1.2m
2023 · €952,560+€234,989
Cash
€7.7m
2023 · €3,449+€7.7m
Balance sheet total
€17.9m
2023 · €24.1m-€6.3m
Largest movements
Assets
- Receivables within one year -€14.0m
down €14.0m (-58.2%), from €24.0m to €10.0m
of which Trade receivables: -€13.3m
- Cash +€7.7m
up €7.7m (+223,551%), from €3,449 to €7.7m
mainly Receivables within one year (+€14.0m) and Tax, wage and social debts (+€990,298)
Equity and liabilities
- Other debts -€5.6m
down €5.6m (-76.3%), from €7.3m to €1.7m
- Trade debts -€1.9m
down €1.9m (-12.2%), from €15.5m to €13.6m
- Tax, wage and social debts +€990,298
up €990,298 (+720%), from €137,563 to €1.1m
of which Taxes: +€999,870
Income statement
No income-statement line moved by more than 1% of the activity.
From the 2023 result to the 2024 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.
Result 2023
€327,660
Turnover
+€582,393
Other operating income
-€73
Goods and materials
-€351,927
Services and other goods
+€7,699
Staff costs
+€41,289
Depreciation
+€86
Other operating charges
-€4,013
Other operating items
-€527,051
Financial income
-€173,698
Financial charges
+€343,604
Taxes
-€10,979
Result 2024
€234,989
raises the resultlowers the resultnot broken down further in the accounts
Derived cash bridge
Derived from the 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
From operations
+€7.7m
Investment
€0
Financing
€0
Cash 2023
€3,449
From operations (derived)
+€7.7m
Net result for the year
+€234,989
Depreciation
+€7,794
Receivables within one year
+€14.0m
Deferred charges and accrued income
+€16,488
Trade debts
-€1.9m
Tax, wage and social debts
+€990,298
Other debts
-€5.6m
Accrued charges and deferred income
-€44,755
Cash 2024
€7.7m
brings cash intakes cash out
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €24,126,603 | €17,862,165 | -€6.3m | -26.0% |
| Fixed assets | 21/28 | €111,324 | €103,530 | -€7,794 | -7.0% |
| Tangible fixed assets | 22/27 | €23,534 | €15,740 | -€7,794 | -33.1% |
| Other tangible fixed assets | 26 | €23,534 | €15,740 | -€7,794 | -33.1% |
| Financial fixed assets | 28 | €87,791 | €87,791 | = | 0.0% |
| Other financial fixed assets | 284/8 | €87,791 | €87,791 | = | 0.0% |
| Amounts receivable and cash guarantees | 285/8 | €87,791 | €87,791 | = | 0.0% |
| Current assets | 29/58 | €24,015,279 | €17,758,634 | -€6.3m | -26.1% |
| Stocks and contracts in progress | 3 | €0 | €0 | = | |
| Amounts receivable within one year | 40/41 | €23,991,642 | €10,040,418 | -€14.0m | -58.2% |
| Trade receivables | 40 | €19,136,935 | €5,838,140 | -€13.3m | -69.5% |
| Other amounts receivable | 41 | €4,854,707 | €4,202,279 | -€652,428 | -13.4% |
| Cash at bank and in hand | 54/58 | €3,449 | €7,714,516 | +€7.7m | +223,551% |
| Deferred charges and accrued income | 490/1 | €20,187 | €3,699 | -€16,488 | -81.7% |
| Total equity and liabilities | 10/49 | €24,126,603 | €17,862,165 | -€6.3m | -26.0% |
| Equity | 10/15 | €952,560 | €1,187,549 | +€234,989 | +24.7% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €159,220 | €159,220 | = | 0.0% |
| Tax-exempt reserves | 132 | €67,360 | €0 | -€67,360 | -100% |
| Distributable reserves | 133 | €91,860 | €159,220 | +€67,360 | +73.3% |
| Profit (loss) carried forward | 14 | €787,140 | €1,022,129 | +€234,989 | +29.9% |
| Amounts payable | 17/49 | €23,174,043 | €16,674,615 | -€6.5m | -28.0% |
| Amounts payable within one year | 42/48 | €22,904,458 | €16,449,785 | -€6.5m | -28.2% |
| Trade debts | 44 | €15,475,502 | €13,590,471 | -€1.9m | -12.2% |
| Suppliers | 440/4 | €15,475,502 | €13,590,471 | -€1.9m | -12.2% |
| Taxes, remuneration and social security | 45 | €137,563 | €1,127,861 | +€990,298 | +720% |
| Taxes | 450/3 | €77,578 | €1,077,449 | +€999,870 | +1,289% |
| Remuneration and social security | 454/9 | €59,985 | €50,412 | -€9,573 | -16.0% |
| Other amounts payable | 47/48 | €7,291,393 | €1,731,453 | -€5.6m | -76.3% |
| Accrued charges and deferred income | 492/3 | €269,585 | €224,831 | -€44,755 | -16.6% |
| Operating income | 70/76A | €78,717,348 | €78,773,065 | +€55,717 | +0.1% |
| Turnover | 70 | €78,187,942 | €78,770,335 | +€582,393 | +0.7% |
| Other operating income | 74 | €1,815 | €1,742 | -€73 | -4.0% |
| Non-recurring operating income | 76A | €527,591 | €988 | -€526,603 | -99.8% |
| Operating charges | 60/66A | €78,223,579 | €78,530,894 | +€307,315 | +0.4% |
| Goods for resale, raw materials and consumables | 60 | €77,223,684 | €77,575,611 | +€351,927 | +0.5% |
| Purchases | 600/8 | €77,223,684 | €77,575,611 | +€351,927 | +0.5% |
| Services and other goods | 61 | €402,263 | €394,564 | -€7,699 | -1.9% |
| Remuneration, social security and pensions | 62 | €585,668 | €544,379 | -€41,289 | -7.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,880 | €7,794 | -€86 | -1.1% |
| Other operating charges | 640/8 | €3,844 | €7,858 | +€4,013 | +104% |
| Non-recurring operating charges | 66A | €240 | €688 | +€448 | +187% |
| Operating profit (loss) | 9901 | €493,769 | €242,170 | -€251,598 | -51.0% |
| Financial income | 75/76B | €375,962 | €202,264 | -€173,698 | -46.2% |
| Recurring financial income | 75 | €375,962 | €202,264 | -€173,698 | -46.2% |
| Income from current assets | 751 | €375,962 | €202,264 | -€173,698 | -46.2% |
| Other financial income | 752/9 | €0 | - | = | |
| Financial charges | 65/66B | €478,280 | €134,676 | -€343,604 | -71.8% |
| Recurring financial charges | 65 | €478,280 | €134,676 | -€343,604 | -71.8% |
| Debt charges | 650 | €0 | €12,700 | +€12,700 | |
| Other financial charges | 652/9 | €478,280 | €121,976 | -€356,305 | -74.5% |
| Profit (loss) for the period before taxes | 9903 | €391,451 | €309,758 | -€81,692 | -20.9% |
| Income taxes | 67/77 | €63,790 | €74,769 | +€10,979 | +17.2% |
| Taxes | 670/3 | €63,790 | €75,789 | +€11,999 | +18.8% |
| Tax adjustments and reversals of tax provisions | 77 | - | €1,020 | +€1,020 | |
| Profit (loss) for the period | 9904 | €327,660 | €234,989 | -€92,671 | -28.3% |
| Transfer from tax-exempt reserves | 789 | - | €67,360 | +€67,360 | |
| Profit (loss) for the period to be appropriated | 9905 | €327,660 | €302,349 | -€25,311 | -7.7% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 28 October 2026 via checked.be.