Sourcers: 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.
Sourcers
Largest movements
- Cash -€266,209
down €266,209 (-39.1%), from €681,444 to €415,235
mainly Contributions, distributions and other (-€414,356) and Trade debts (-€62,623)
- Receivables within one year +€23,419
up €23,419 (+37.7%), from €62,194 to €85,613
of which Trade receivables: +€20,884
- Tangible fixed assets +€15,160
new in 2025: €15,160
- Reserves -€240,786
down €240,786 (-42.5%), from €566,117 to €325,331
- Tax, wage and social debts +€74,473
new in 2025: €74,473
- Trade debts -€62,623
down €62,623 (-55.7%), from €112,348 to €49,725
- Gross operating margin +€15,706
up €15,706 (+7.4%), from €213,456 to €229,163
- Taxes -€7,605
down €7,605 (-12.4%), from €61,146 to €53,541
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 | €744,962 | €516,007 | -€228,954 | -30.7% |
| Fixed assets | 21/28 | - | €15,160 | +€15,160 | |
| Tangible fixed assets | 22/27 | - | €15,160 | +€15,160 | |
| Land and buildings | 22 | - | €15,160 | +€15,160 | |
| Current assets | 29/58 | €744,962 | €500,848 | -€244,114 | -32.8% |
| Amounts receivable within one year | 40/41 | €62,194 | €85,613 | +€23,419 | +37.7% |
| Trade receivables | 40 | €32,634 | €53,517 | +€20,884 | +64.0% |
| Other amounts receivable | 41 | €29,560 | €32,095 | +€2,535 | +8.6% |
| Cash at bank and in hand | 54/58 | €681,444 | €415,235 | -€266,209 | -39.1% |
| Deferred charges and accrued income | 490/1 | €1,323 | €0 | -€1,323 | -100.0% |
| Total equity and liabilities | 10/49 | €744,962 | €516,007 | -€228,954 | -30.7% |
| Equity | 10/15 | €632,595 | €391,809 | -€240,786 | -38.1% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €566,117 | €325,331 | -€240,786 | -42.5% |
| Distributable reserves | 133 | €566,117 | €325,331 | -€240,786 | -42.5% |
| Profit (loss) carried forward | 14 | €46,478 | €46,478 | = | 0.0% |
| Amounts payable | 17/49 | €112,366 | €124,198 | +€11,832 | +10.5% |
| Amounts payable within one year | 42/48 | €112,366 | €124,198 | +€11,832 | +10.5% |
| Trade debts | 44 | €112,348 | €49,725 | -€62,623 | -55.7% |
| Suppliers | 440/4 | €112,348 | €49,725 | -€62,623 | -55.7% |
| Taxes, remuneration and social security | 45 | - | €74,473 | +€74,473 | |
| Taxes | 450/3 | - | €74,473 | +€74,473 | |
| Other amounts payable | 47/48 | €18 | €0 | -€18 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €651 | +€651 | |
| Other operating charges | 640/8 | €183 | €1,366 | +€1,183 | +648.1% |
| Gross operating margin | 9900 | €213,456 | €229,163 | +€15,706 | +7.4% |
| Operating profit (loss) | 9901 | €213,274 | €227,146 | +€13,872 | +6.5% |
| Financial income | 75/76B | - | €104 | +€104 | |
| Recurring financial income | 75 | - | €104 | +€104 | |
| Financial charges | 65/66B | €366 | €139 | -€227 | -62.0% |
| Recurring financial charges | 65 | €366 | €139 | -€227 | -62.0% |
| Profit (loss) for the period before taxes | 9903 | €212,908 | €227,111 | +€14,204 | +6.7% |
| Income taxes | 67/77 | €61,146 | €53,541 | -€7,605 | -12.4% |
| Profit (loss) for the period | 9904 | €151,761 | €173,570 | +€21,809 | +14.4% |
| Profit (loss) for the period to be appropriated | 9905 | €151,761 | €173,570 | +€21,809 | +14.4% |
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.