SOURCELIA: 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.
SOURCELIA
Largest movements
- Receivables within one year -€19,119
down €19,119 (-36.6%), from €52,196 to €33,077
of which Trade receivables: -€16,038
- Cash -€9,971
down €9,971 (-42.0%), from €23,762 to €13,791
mainly Other debts (-€14,770) and Tax, wage and social debts (-€11,380)
- Tangible fixed assets -€9,203
down €9,203 (-27.9%), from €32,953 to €23,750
- Other debts -€14,770
down €14,770 (-22.6%), from €65,465 to €50,695
- Tax, wage and social debts -€11,380
down €11,380 (-92.1%), from €12,350 to €970
- Trade debts -€9,917
down €9,917 (-66.1%), from €15,001 to €5,084
- Current portion of long-term debt -€9,190
no longer reported in 2025 (was €9,190)
- Reserves +€8,792
up €8,792 (+472.7%), from €1,860 to €10,652
of which Distributable reserves: +€10,652
- Gross operating margin -€42,570
down €42,570 (-63.1%), from €67,488 to €24,919
- Taxes -€7,572
down €7,572 (-53.5%), from €14,167 to €6,594
- Financial income +€4,744
up €4,744 (+4536.4%), from €105 to €4,849
- Financial charges -€2,474
down €2,474 (-39.0%), from €6,349 to €3,874
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 | €149,902 | €111,761 | -€38,140 | -25.4% |
| Fixed assets | 21/28 | €35,347 | €26,144 | -€9,203 | -26.0% |
| Tangible fixed assets | 22/27 | €32,953 | €23,750 | -€9,203 | -27.9% |
| Furniture and vehicles | 24 | €32,953 | €23,750 | -€9,203 | -27.9% |
| Financial fixed assets | 28 | €2,394 | €2,394 | = | 0.0% |
| Current assets | 29/58 | €114,555 | €85,617 | -€28,937 | -25.3% |
| Stocks and contracts in progress | 3 | €37,566 | €37,566 | = | 0.0% |
| Stocks | 30/36 | €37,566 | €37,566 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €52,196 | €33,077 | -€19,119 | -36.6% |
| Trade receivables | 40 | €39,477 | €23,439 | -€16,038 | -40.6% |
| Other amounts receivable | 41 | €12,719 | €9,638 | -€3,081 | -24.2% |
| Cash at bank and in hand | 54/58 | €23,762 | €13,791 | -€9,971 | -42.0% |
| Deferred charges and accrued income | 490/1 | €1,030 | €1,183 | +€153 | +14.9% |
| Total equity and liabilities | 10/49 | €149,902 | €111,761 | -€38,140 | -25.4% |
| Equity | 10/15 | €20,460 | €29,252 | +€8,792 | +43.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €10,652 | +€8,792 | +472.7% |
| Non-distributable reserves | 130/1 | €1,860 | - | -€1,860 | |
| Reserves not available under the articles | 1311 | €1,860 | - | -€1,860 | |
| Distributable reserves | 133 | - | €10,652 | +€10,652 | |
| Amounts payable | 17/49 | €129,442 | €82,510 | -€46,932 | -36.3% |
| Amounts payable after more than one year | 17 | €23,741 | €23,741 | = | 0.0% |
| Financial debts | 170/4 | €23,741 | €23,741 | = | 0.0% |
| Amounts payable within one year | 42/48 | €102,006 | €56,750 | -€45,257 | -44.4% |
| Current portion of amounts payable after more than one year | 42 | €9,190 | - | -€9,190 | |
| Trade debts | 44 | €15,001 | €5,084 | -€9,917 | -66.1% |
| Suppliers | 440/4 | €15,001 | €5,084 | -€9,917 | -66.1% |
| Taxes, remuneration and social security | 45 | €12,350 | €970 | -€11,380 | -92.1% |
| Taxes | 450/3 | €12,350 | €970 | -€11,380 | -92.1% |
| Other amounts payable | 47/48 | €65,465 | €50,695 | -€14,770 | -22.6% |
| Accrued charges and deferred income | 492/3 | €3,694 | €2,019 | -€1,675 | -45.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,203 | €9,203 | = | 0.0% |
| Other operating charges | 640/8 | €1,230 | €1,305 | +€75 | +6.1% |
| Gross operating margin | 9900 | €67,488 | €24,919 | -€42,570 | -63.1% |
| Operating profit (loss) | 9901 | €57,056 | €14,411 | -€42,645 | -74.7% |
| Financial income | 75/76B | €105 | €4,849 | +€4,744 | +4536.4% |
| Recurring financial income | 75 | €105 | €4,849 | +€4,744 | +4536.4% |
| Financial charges | 65/66B | €6,349 | €3,874 | -€2,474 | -39.0% |
| Recurring financial charges | 65 | €6,349 | €3,874 | -€2,474 | -39.0% |
| Profit (loss) for the period before taxes | 9903 | €50,812 | €15,386 | -€35,426 | -69.7% |
| Income taxes | 67/77 | €14,167 | €6,594 | -€7,572 | -53.5% |
| Profit (loss) for the period | 9904 | €36,645 | €8,792 | -€27,854 | -76.0% |
| Profit (loss) for the period to be appropriated | 9905 | €36,645 | €8,792 | -€27,854 | -76.0% |
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 4 October 2026 via checked.be.