AUDIOWORX: 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.
AUDIOWORX
Largest movements
- Receivables within one year -€1.5m
down €1.5m (-70.8%), from €2.1m to €610,673
of which Other amounts receivable: -€1.5m
- Financial fixed assets +€827,361
up €827,361 (+275.8%), from €300,000 to €1.1m
- Cash -€375,121
down €375,121 (-78.3%), from €478,835 to €103,714
mainly Investment in fixed assets (net) (-€652,833) and Net result for the year (-€628,797)
- Tangible fixed assets -€313,327
down €313,327 (-18.7%), from €1.7m to €1.4m
of which Land and buildings: -€383,019
- Reserves -€717,433
down €717,433 (-31.6%), from €2.3m to €1.6m
of which Distributable reserves: -€712,682
- Debts after one year -€530,728
no longer reported in 2025 (was €530,728)
- Other debts +€490,538
up €490,538 (+82.8%), from €592,374 to €1.1m
- Tax, wage and social debts -€316,490
down €316,490 (-72.5%), from €436,357 to €119,867
- Current portion of long-term debt -€160,255
no longer reported in 2025 (was €160,255)
- Other operating charges +€348,121
up €348,121 (+23161.7%), from €1,503 to €349,624
- Gross operating margin -€255,318
down €255,318 (-20.5%), from €1.2m to €988,017
- Taxes +€243,799
up €243,799 (+353.2%), from €69,028 to €312,827
- Financial charges +€32,242
up €32,242 (+55.6%), from €58,014 to €90,256
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 | €4,546,487 | €3,202,388 | -€1.3m | -29.6% |
| Fixed assets | 21/28 | €1,973,967 | €2,488,001 | +€514,034 | +26.0% |
| Tangible fixed assets | 22/27 | €1,673,967 | €1,360,640 | -€313,327 | -18.7% |
| Land and buildings | 22 | €1,560,218 | €1,177,199 | -€383,019 | -24.5% |
| Plant, machinery and equipment | 23 | €6,147 | €3,328 | -€2,819 | -45.9% |
| Furniture and vehicles | 24 | €107,602 | €180,113 | +€72,511 | +67.4% |
| Financial fixed assets | 28 | €300,000 | €1,127,361 | +€827,361 | +275.8% |
| Current assets | 29/58 | €2,572,520 | €714,387 | -€1.9m | -72.2% |
| Amounts receivable within one year | 40/41 | €2,093,685 | €610,673 | -€1.5m | -70.8% |
| Trade receivables | 40 | €10,572 | €10,500 | -€72 | -0.7% |
| Other amounts receivable | 41 | €2,083,113 | €600,173 | -€1.5m | -71.2% |
| Cash at bank and in hand | 54/58 | €478,835 | €103,714 | -€375,121 | -78.3% |
| Total equity and liabilities | 10/49 | €4,546,487 | €3,202,388 | -€1.3m | -29.6% |
| Equity | 10/15 | €2,709,702 | €1,992,269 | -€717,433 | -26.5% |
| Contributions | 10/11 | €438,903 | €438,903 | = | 0.0% |
| Reserves | 13 | €2,270,799 | €1,553,366 | -€717,433 | -31.6% |
| Non-distributable reserves | 130/1 | €20,000 | €20,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €20,000 | €20,000 | = | 0.0% |
| Tax-exempt reserves | 132 | €55,118 | €50,367 | -€4,751 | -8.6% |
| Distributable reserves | 133 | €2,195,681 | €1,482,999 | -€712,682 | -32.5% |
| Provisions and deferred taxes | 16 | €9,786 | €7,340 | -€2,446 | -25.0% |
| Deferred taxes | 168 | €9,786 | €7,340 | -€2,446 | -25.0% |
| Amounts payable | 17/49 | €1,826,999 | €1,202,779 | -€624,220 | -34.2% |
| Amounts payable after more than one year | 17 | €530,728 | - | -€530,728 | |
| Financial debts | 170/4 | €530,728 | - | -€530,728 | |
| Amounts payable within one year | 42/48 | €1,195,671 | €1,202,779 | +€7,108 | +0.6% |
| Current portion of amounts payable after more than one year | 42 | €160,255 | - | -€160,255 | |
| Trade debts | 44 | €6,685 | - | -€6,685 | |
| Suppliers | 440/4 | €6,685 | - | -€6,685 | |
| Taxes, remuneration and social security | 45 | €436,357 | €119,867 | -€316,490 | -72.5% |
| Taxes | 450/3 | €436,357 | €119,867 | -€316,490 | -72.5% |
| Other amounts payable | 47/48 | €592,374 | €1,082,912 | +€490,538 | +82.8% |
| Accrued charges and deferred income | 492/3 | €100,600 | - | -€100,600 | |
| Non-recurring operating income | 76A | €521,022 | €19,593 | -€501,429 | -96.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €149,952 | €138,799 | -€11,153 | -7.4% |
| Other operating charges | 640/8 | €1,503 | €349,624 | +€348,121 | +23161.7% |
| Non-recurring operating charges | 66A | €452,114 | €727,766 | +€275,652 | +61.0% |
| Gross operating margin | 9900 | €1,243,335 | €988,017 | -€255,318 | -20.5% |
| Operating profit (loss) | 9901 | €639,766 | -€228,172 | -€867,938 | |
| Financial income | 75/76B | €5 | €11 | +€6 | +120.0% |
| Recurring financial income | 75 | €5 | €11 | +€6 | +120.0% |
| Financial charges | 65/66B | €58,014 | €90,256 | +€32,242 | +55.6% |
| Recurring financial charges | 65 | €58,014 | €90,256 | +€32,242 | +55.6% |
| Profit (loss) for the period before taxes | 9903 | €581,757 | -€318,417 | -€900,174 | |
| Transfer from deferred taxes | 780 | €2,447 | €2,447 | = | 0.0% |
| Income taxes | 67/77 | €69,028 | €312,827 | +€243,799 | +353.2% |
| Profit (loss) for the period | 9904 | €515,176 | -€628,797 | -€1.1m | |
| Transfer from tax-exempt reserves | 789 | €4,751 | €4,751 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €519,927 | -€624,046 | -€1.1m |
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.