EV 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.
EV SOUND
Largest movements
- Receivables within one year +€93,655
up €93,655 (+28.3%), from €331,481 to €425,136
of which Other amounts receivable: +€96,487
- Tangible fixed assets +€41,226
up €41,226 (+277,988%), from €15 to €41,240
- Cash -€10,033
down €10,033 (-30.8%), from €32,626 to €22,594
mainly Receivables within one year (-€93,655) and Investment in fixed assets (net) (-€47,067)
- Reserves +€155,161
up €155,161 (+27.8%), from €558,430 to €713,590
of which Distributable reserves: +€155,161
- Other debts -€39,001
down €39,001 (-34.4%), from €113,405 to €74,403
- Tax, wage and social debts +€11,153
up €11,153 (+26.8%), from €41,615 to €52,768
of which Taxes: +€14,293
- Gross operating margin +€26,287
up €26,287 (+13.0%), from €202,335 to €228,622
- Taxes +€12,777
up €12,777 (+18.3%), from €69,655 to €82,432
- Depreciation +€5,726
up €5,726 (+4,956%), from €116 to €5,842
- Financial income +€4,903
up €4,903 (+26.3%), from €18,619 to €23,522
- Financial charges +€2,301
up €2,301 (+40.3%), from €5,705 to €8,006
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 | €864,564 | €991,377 | +€126,813 | +14.7% |
| Fixed assets | 21/28 | €500,015 | €541,240 | +€41,226 | +8.2% |
| Tangible fixed assets | 22/27 | €15 | €41,240 | +€41,226 | +277,988% |
| Furniture and vehicles | 24 | €15 | €41,240 | +€41,226 | +277,988% |
| Financial fixed assets | 28 | €500,000 | €500,000 | = | 0.0% |
| Current assets | 29/58 | €364,549 | €450,136 | +€85,587 | +23.5% |
| Amounts receivable within one year | 40/41 | €331,481 | €425,136 | +€93,655 | +28.3% |
| Trade receivables | 40 | €2,968 | €136 | -€2,832 | -95.4% |
| Other amounts receivable | 41 | €328,513 | €425,000 | +€96,487 | +29.4% |
| Cash at bank and in hand | 54/58 | €32,626 | €22,594 | -€10,033 | -30.8% |
| Deferred charges and accrued income | 490/1 | €442 | €2,407 | +€1,965 | +445% |
| Total equity and liabilities | 10/49 | €864,564 | €991,377 | +€126,813 | +14.7% |
| Equity | 10/15 | €577,030 | €732,190 | +€155,161 | +26.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €558,430 | €713,590 | +€155,161 | +27.8% |
| Tax-exempt reserves | 132 | €92,310 | €92,310 | = | 0.0% |
| Distributable reserves | 133 | €466,120 | €621,280 | +€155,161 | +33.3% |
| Amounts payable | 17/49 | €287,534 | €259,187 | -€28,348 | -9.9% |
| Amounts payable after more than one year | 17 | €87,874 | €82,395 | -€5,479 | -6.2% |
| Financial debts | 170/4 | €87,874 | €82,395 | -€5,479 | -6.2% |
| Amounts payable within one year | 42/48 | €193,391 | €168,835 | -€24,556 | -12.7% |
| Current portion of amounts payable after more than one year | 42 | €32,259 | €40,079 | +€7,821 | +24.2% |
| Trade debts | 44 | €6,112 | €1,584 | -€4,528 | -74.1% |
| Suppliers | 440/4 | €6,112 | €1,584 | -€4,528 | -74.1% |
| Taxes, remuneration and social security | 45 | €41,615 | €52,768 | +€11,153 | +26.8% |
| Taxes | 450/3 | €38,475 | €52,768 | +€14,293 | +37.1% |
| Remuneration and social security | 454/9 | €3,140 | - | -€3,140 | |
| Other amounts payable | 47/48 | €113,405 | €74,403 | -€39,001 | -34.4% |
| Accrued charges and deferred income | 492/3 | €6,270 | €7,957 | +€1,687 | +26.9% |
| Non-recurring operating income | 76A | - | €3,802 | +€3,802 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €116 | €5,842 | +€5,726 | +4,956% |
| Other operating charges | 640/8 | €819 | €703 | -€116 | -14.2% |
| Gross operating margin | 9900 | €202,335 | €228,622 | +€26,287 | +13.0% |
| Operating profit (loss) | 9901 | €201,400 | €222,077 | +€20,677 | +10.3% |
| Financial income | 75/76B | €18,619 | €23,522 | +€4,903 | +26.3% |
| Recurring financial income | 75 | €18,619 | €23,522 | +€4,903 | +26.3% |
| Financial charges | 65/66B | €5,705 | €8,006 | +€2,301 | +40.3% |
| Recurring financial charges | 65 | €5,705 | €8,006 | +€2,301 | +40.3% |
| Profit (loss) for the period before taxes | 9903 | €214,313 | €237,592 | +€23,279 | +10.9% |
| Income taxes | 67/77 | €69,655 | €82,432 | +€12,777 | +18.3% |
| Profit (loss) for the period | 9904 | €144,658 | €155,161 | +€10,503 | +7.3% |
| Profit (loss) for the period to be appropriated | 9905 | €144,658 | €155,161 | +€10,503 | +7.3% |
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.