SOURCE INTERNATIONAL: 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.
SOURCE INTERNATIONAL
Largest movements
- Receivables within one year +€8,050
up €8,050 (+12.3%), from €65,272 to €73,322
of which Trade receivables: +€9,840
- Cash +€3,170
up €3,170 (+114.3%), from €2,772 to €5,942
mainly Trade debts (+€7,939) and Depreciation (+€4,375)
- Tangible fixed assets -€1,388
down €1,388 (-15.1%), from €9,179 to €7,791
of which Plant, machinery and equipment: -€761
- Trade debts +€7,939
up €7,939 (+146.1%), from €5,433 to €13,372
- Tax, wage and social debts -€3,318
down €3,318 (-40.2%), from €8,251 to €4,934
of which Taxes: -€4,073
- Other debts +€2,624
up €2,624 (+12.2%), from €21,516 to €24,140
- Debts after one year +€1,711
new in 2025: €1,711
- Current portion of long-term debt +€1,010
new in 2025: €1,010
- Staff costs +€9,787
up €9,787 (+139.1%), from €7,039 to €16,826
- Financial charges -€632
down €632 (-24.7%), from €2,559 to €1,927
of which Financial charges: -€632
- Gross operating margin +€540
up €540 (+2.3%), from €23,990 to €24,530
- Depreciation +€480
up €480 (+12.3%), from €3,895 to €4,375
- Other operating charges -€285
down €285 (-25.1%), from €1,132 to €848
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 | €77,359 | €87,195 | +€9,836 | +12.7% |
| Fixed assets | 21/28 | €9,179 | €7,791 | -€1,388 | -15.1% |
| Tangible fixed assets | 22/27 | €9,179 | €7,791 | -€1,388 | -15.1% |
| Plant, machinery and equipment | 23 | €7,163 | €6,402 | -€761 | -10.6% |
| Furniture and vehicles | 24 | €2,016 | €1,389 | -€626 | -31.1% |
| Current assets | 29/58 | €68,180 | €79,404 | +€11,224 | +16.5% |
| Amounts receivable within one year | 40/41 | €65,272 | €73,322 | +€8,050 | +12.3% |
| Trade receivables | 40 | €57,272 | €67,112 | +€9,840 | +17.2% |
| Other amounts receivable | 41 | €8,000 | €6,210 | -€1,790 | -22.4% |
| Cash at bank and in hand | 54/58 | €2,772 | €5,942 | +€3,170 | +114.3% |
| Deferred charges and accrued income | 490/1 | €135 | €140 | +€4 | +3.2% |
| Total equity and liabilities | 10/49 | €77,359 | €87,195 | +€9,836 | +12.7% |
| Equity | 10/15 | €41,771 | €42,028 | +€258 | +0.6% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €28,688 | €28,688 | = | 0.0% |
| Distributable reserves | 133 | €28,688 | €28,688 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€5,509 | -€5,251 | +€258 | +4.7% |
| Amounts payable | 17/49 | €35,588 | €45,166 | +€9,578 | +26.9% |
| Amounts payable after more than one year | 17 | - | €1,711 | +€1,711 | |
| Financial debts | 170/4 | - | €1,711 | +€1,711 | |
| Amounts payable within one year | 42/48 | €35,201 | €43,455 | +€8,255 | +23.5% |
| Current portion of amounts payable after more than one year | 42 | - | €1,010 | +€1,010 | |
| Trade debts | 44 | €5,433 | €13,372 | +€7,939 | +146.1% |
| Suppliers | 440/4 | €5,433 | €13,372 | +€7,939 | +146.1% |
| Advances received on contracts in progress | 46 | €0 | - | = | |
| Taxes, remuneration and social security | 45 | €8,251 | €4,934 | -€3,318 | -40.2% |
| Taxes | 450/3 | €7,666 | €3,592 | -€4,073 | -53.1% |
| Remuneration and social security | 454/9 | €586 | €1,342 | +€756 | +129.0% |
| Other amounts payable | 47/48 | €21,516 | €24,140 | +€2,624 | +12.2% |
| Accrued charges and deferred income | 492/3 | €387 | €0 | -€387 | -100.0% |
| Remuneration, social security and pensions | 62 | €7,039 | €16,826 | +€9,787 | +139.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,895 | €4,375 | +€480 | +12.3% |
| Other operating charges | 640/8 | €1,132 | €848 | -€285 | -25.1% |
| Non-recurring operating charges | 66A | - | €128 | +€128 | |
| Gross operating margin | 9900 | €23,990 | €24,530 | +€540 | +2.3% |
| Operating profit (loss) | 9901 | €11,925 | €2,354 | -€9,571 | -80.3% |
| Financial income | 75/76B | €0 | €15 | +€15 | |
| Recurring financial income | 75 | €0 | €15 | +€15 | |
| Financial charges | 65/66B | €2,559 | €1,927 | -€632 | -24.7% |
| Recurring financial charges | 65 | €2,559 | €1,927 | -€632 | -24.7% |
| Non-recurring financial charges | 66B | €0 | - | = | |
| Profit (loss) for the period before taxes | 9903 | €9,366 | €442 | -€8,924 | -95.3% |
| Income taxes | 67/77 | €201 | €184 | -€17 | -8.4% |
| Profit (loss) for the period | 9904 | €9,164 | €258 | -€8,907 | -97.2% |
| Profit (loss) for the period to be appropriated | 9905 | €9,164 | €258 | -€8,907 | -97.2% |
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.