Sourcing Partners: 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.
Sourcing Partners
Largest movements
- Stocks and contracts +€55,513
up €55,513 (+137%), from €40,513 to €96,026
- Receivables within one year +€44,130
up €44,130 (+16.8%), from €261,941 to €306,071
of which Trade receivables: +€103,314
- Reserves +€428,520
up €428,520 (+74.9%), from €572,002 to €1.0m
- Current portion of long-term debt -€271,072
down €271,072 (-74.6%), from €363,286 to €92,214
- Debts after one year -€215,485
down €215,485 (-37.9%), from €568,412 to €352,926
- Other debts +€165,109
up €165,109, from €0 to €165,109
- Trade debts +€36,517
up €36,517 (+160%), from €22,878 to €59,394
- Financial income +€125,054
up €125,054 (+38.5%), from €325,031 to €450,085
- Staff costs +€31,403
new in 2025: €31,403
- Financial charges -€9,228
down €9,228 (-26.4%), from €34,900 to €25,672
- Gross operating margin -€5,855
down €5,855 (-10.7%), from €54,541 to €48,685
- Depreciation +€1,820
up €1,820 (+33.0%), from €5,514 to €7,333
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.
Derived cash bridge
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 | €1,611,862 | €1,734,686 | +€122,823 | +7.6% |
| Fixed assets | 21/28 | €1,297,708 | €1,300,738 | +€3,031 | +0.2% |
| Intangible fixed assets | 21 | €7,463 | €12,580 | +€5,117 | +68.6% |
| Tangible fixed assets | 22/27 | €12,293 | €10,207 | -€2,086 | -17.0% |
| Plant, machinery and equipment | 23 | €1,149 | €730 | -€418 | -36.4% |
| Furniture and vehicles | 24 | €11,145 | €9,477 | -€1,668 | -15.0% |
| Financial fixed assets | 28 | €1,277,951 | €1,277,951 | = | 0.0% |
| Current assets | 29/58 | €314,155 | €433,947 | +€119,792 | +38.1% |
| Stocks and contracts in progress | 3 | €40,513 | €96,026 | +€55,513 | +137% |
| Stocks | 30/36 | €40,513 | €96,026 | +€55,513 | +137% |
| Amounts receivable within one year | 40/41 | €261,941 | €306,071 | +€44,130 | +16.8% |
| Trade receivables | 40 | €133,575 | €236,889 | +€103,314 | +77.3% |
| Other amounts receivable | 41 | €128,366 | €69,182 | -€59,184 | -46.1% |
| Cash at bank and in hand | 54/58 | €11,434 | €26,038 | +€14,604 | +128% |
| Deferred charges and accrued income | 490/1 | €267 | €5,813 | +€5,546 | +2,075% |
| Total equity and liabilities | 10/49 | €1,611,862 | €1,734,686 | +€122,823 | +7.6% |
| Equity | 10/15 | €622,002 | €1,050,522 | +€428,520 | +68.9% |
| Contributions | 10/11 | €50,000 | €50,000 | = | 0.0% |
| Reserves | 13 | €572,002 | €1,000,522 | +€428,520 | +74.9% |
| Distributable reserves | 133 | €572,002 | €1,000,522 | +€428,520 | +74.9% |
| Amounts payable | 17/49 | €989,860 | €684,164 | -€305,697 | -30.9% |
| Amounts payable after more than one year | 17 | €568,412 | €352,926 | -€215,485 | -37.9% |
| Financial debts | 170/4 | €568,412 | €352,926 | -€215,485 | -37.9% |
| Amounts payable within one year | 42/48 | €410,889 | €331,237 | -€79,651 | -19.4% |
| Current portion of amounts payable after more than one year | 42 | €363,286 | €92,214 | -€271,072 | -74.6% |
| Trade debts | 44 | €22,878 | €59,394 | +€36,517 | +160% |
| Suppliers | 440/4 | €22,878 | €59,394 | +€36,517 | +160% |
| Taxes, remuneration and social security | 45 | €24,725 | €14,520 | -€10,205 | -41.3% |
| Taxes | 450/3 | €24,725 | €8,871 | -€15,855 | -64.1% |
| Remuneration and social security | 454/9 | - | €5,650 | +€5,650 | |
| Other amounts payable | 47/48 | €0 | €165,109 | +€165,109 | |
| Accrued charges and deferred income | 492/3 | €10,560 | €0 | -€10,560 | -100% |
| Remuneration, social security and pensions | 62 | - | €31,403 | +€31,403 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,514 | €7,333 | +€1,820 | +33.0% |
| Other operating charges | 640/8 | €7,062 | €5,842 | -€1,220 | -17.3% |
| Gross operating margin | 9900 | €54,541 | €48,685 | -€5,855 | -10.7% |
| Operating profit (loss) | 9901 | €41,965 | €4,107 | -€37,857 | -90.2% |
| Financial income | 75/76B | €325,031 | €450,085 | +€125,054 | +38.5% |
| Recurring financial income | 75 | €325,031 | €450,085 | +€125,054 | +38.5% |
| Financial charges | 65/66B | €34,900 | €25,672 | -€9,228 | -26.4% |
| Recurring financial charges | 65 | €34,900 | €25,672 | -€9,228 | -26.4% |
| Profit (loss) for the period before taxes | 9903 | €332,096 | €428,520 | +€96,424 | +29.0% |
| Profit (loss) for the period | 9904 | €332,096 | €428,520 | +€96,424 | +29.0% |
| Profit (loss) for the period to be appropriated | 9905 | €332,096 | €428,520 | +€96,424 | +29.0% |
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 13 October 2026 via checked.be.