Another Sound: 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.
Another Sound
Largest movements
- Tangible fixed assets -€69,213
down €69,213 (-18.0%), from €385,275 to €316,063
of which Furniture and vehicles: -€43,798
- Cash +€34,830
up €34,830 (+23.1%), from €151,034 to €185,864
mainly Depreciation (+€124,798) and Advances received (+€38,314)
- Intangible fixed assets -€20,550
down €20,550 (-43.1%), from €47,678 to €27,128
- Receivables after one year -€18,490
down €18,490 (-49.6%), from €37,270 to €18,780
- Profit (loss) carried forward -€68,786
down €68,786 (-76.3%), from €90,209 to €21,423
- Debts after one year -€43,754
down €43,754 (-32.4%), from €134,919 to €91,164
- Advances received +€38,314
new in 2025: €38,314
- Trade debts -€23,641
down €23,641 (-43.9%), from €53,904 to €30,263
- Current portion of long-term debt +€21,496
up €21,496 (+45.6%), from €47,172 to €68,668
- Staff costs +€124,292
up €124,292 (+47.3%), from €262,567 to €386,859
- Gross operating margin +€85,129
up €85,129 (+22.8%), from €373,437 to €458,566
- Depreciation +€30,400
up €30,400 (+32.2%), from €94,398 to €124,798
- Financial income -€6,887
down €6,887 (-46.7%), from €14,745 to €7,858
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 | €882,494 | €815,318 | -€67,176 | -7.6% |
| Fixed assets | 21/28 | €465,953 | €376,424 | -€89,529 | -19.2% |
| Intangible fixed assets | 21 | €47,678 | €27,128 | -€20,550 | -43.1% |
| Tangible fixed assets | 22/27 | €385,275 | €316,063 | -€69,213 | -18.0% |
| Plant, machinery and equipment | 23 | €155,239 | €134,290 | -€20,949 | -13.5% |
| Furniture and vehicles | 24 | €213,624 | €169,826 | -€43,798 | -20.5% |
| Other tangible fixed assets | 26 | €16,412 | €11,947 | -€4,465 | -27.2% |
| Financial fixed assets | 28 | €33,000 | €33,233 | +€233 | +0.7% |
| Current assets | 29/58 | €416,541 | €438,894 | +€22,353 | +5.4% |
| Amounts receivable after more than one year | 29 | €37,270 | €18,780 | -€18,490 | -49.6% |
| Other amounts receivable | 291 | €37,270 | €18,780 | -€18,490 | -49.6% |
| Amounts receivable within one year | 40/41 | €197,527 | €201,530 | +€4,003 | +2.0% |
| Trade receivables | 40 | €117,584 | €170,937 | +€53,352 | +45.4% |
| Other amounts receivable | 41 | €79,943 | €30,594 | -€49,349 | -61.7% |
| Cash at bank and in hand | 54/58 | €151,034 | €185,864 | +€34,830 | +23.1% |
| Deferred charges and accrued income | 490/1 | €30,710 | €32,720 | +€2,010 | +6.5% |
| Total equity and liabilities | 10/49 | €882,494 | €815,318 | -€67,176 | -7.6% |
| Equity | 10/15 | €532,750 | €463,909 | -€68,840 | -12.9% |
| Contributions | 10/11 | €424,800 | €424,800 | = | 0.0% |
| Capital | 10 | €424,800 | €424,800 | = | 0.0% |
| Issued capital | 100 | €424,800 | €424,800 | = | 0.0% |
| Reserves | 13 | €10,711 | €10,711 | = | 0.0% |
| Non-distributable reserves | 130/1 | €7,711 | €7,711 | = | 0.0% |
| Legal reserve | 130 | €7,711 | €7,711 | = | 0.0% |
| Tax-exempt reserves | 132 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €90,209 | €21,423 | -€68,786 | -76.3% |
| Investment grants | 15 | €7,029 | €6,975 | -€54 | -0.8% |
| Amounts payable | 17/49 | €349,745 | €351,409 | +€1,664 | +0.5% |
| Amounts payable after more than one year | 17 | €134,919 | €91,164 | -€43,754 | -32.4% |
| Financial debts | 170/4 | €134,919 | €91,164 | -€43,754 | -32.4% |
| Amounts payable within one year | 42/48 | €214,826 | €259,167 | +€44,342 | +20.6% |
| Current portion of amounts payable after more than one year | 42 | €47,172 | €68,668 | +€21,496 | +45.6% |
| Financial debts | 43 | €50,000 | €50,000 | = | 0.0% |
| Other loans | 439 | €50,000 | €50,000 | = | 0.0% |
| Trade debts | 44 | €53,904 | €30,263 | -€23,641 | -43.9% |
| Suppliers | 440/4 | €53,904 | €30,263 | -€23,641 | -43.9% |
| Advances received on contracts in progress | 46 | - | €38,314 | +€38,314 | |
| Taxes, remuneration and social security | 45 | €43,919 | €35,895 | -€8,024 | -18.3% |
| Taxes | 450/3 | €3,909 | €8,461 | +€4,552 | +116% |
| Remuneration and social security | 454/9 | €40,010 | €27,435 | -€12,576 | -31.4% |
| Other amounts payable | 47/48 | €19,831 | €36,027 | +€16,197 | +81.7% |
| Accrued charges and deferred income | 492/3 | - | €1,077 | +€1,077 | |
| Remuneration, social security and pensions | 62 | €262,567 | €386,859 | +€124,292 | +47.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €94,398 | €124,798 | +€30,400 | +32.2% |
| Other operating charges | 640/8 | €6,378 | €6,212 | -€166 | -2.6% |
| Non-recurring operating charges | 66A | €780 | - | -€780 | |
| Gross operating margin | 9900 | €373,437 | €458,566 | +€85,129 | +22.8% |
| Operating profit (loss) | 9901 | €9,314 | -€59,304 | -€68,618 | |
| Financial income | 75/76B | €14,745 | €7,858 | -€6,887 | -46.7% |
| Recurring financial income | 75 | €14,745 | €7,858 | -€6,887 | -46.7% |
| Financial charges | 65/66B | €14,019 | €17,076 | +€3,057 | +21.8% |
| Recurring financial charges | 65 | €14,019 | €17,076 | +€3,057 | +21.8% |
| Profit (loss) for the period before taxes | 9903 | €10,041 | -€68,522 | -€78,562 | |
| Income taxes | 67/77 | €576 | €265 | -€311 | -54.1% |
| Profit (loss) for the period | 9904 | €9,465 | -€68,786 | -€78,251 | |
| Profit (loss) for the period to be appropriated | 9905 | €9,465 | -€68,786 | -€78,251 |
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 24 October 2026 via checked.be.