Objects & Sounds: what changed
Two fiscal 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.
Objects & Sounds
Largest movements
- Receivables within one year -€18,288
down €18,288 (-37.8%), from €48,350 to €30,062
of which Trade receivables: -€21,116
- Cash +€11,910
up €11,910 (+29.7%), from €40,093 to €52,004
mainly Other debts (+€76,064) and Net result for the year (+€41,460)
- Stocks and contracts +€7,301
up €7,301 (+11.8%), from €61,712 to €69,013
- Tangible fixed assets +€4,400
up €4,400 (+33.3%), from €13,214 to €17,614
of which Plant, machinery and equipment: +€5,655
- Other debts +€76,064
up €76,064 (+268.6%), from €28,319 to €104,383
- Profit (loss) carried forward -€58,540
down €58,540 (-58.1%), from €100,791 to €42,251
- Trade debts -€7,032
down €7,032 (-71.4%), from €9,852 to €2,820
- Tax, wage and social debts -€5,307
down €5,307 (-18.5%), from €28,758 to €23,452
of which Taxes: -€6,985
- Staff costs +€14,668
new in 2025: €14,668
- Taxes -€2,930
down €2,930 (-18.0%), from €16,316 to €13,385
- Depreciation +€927
up €927 (+24.8%), from €3,744 to €4,671
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 | €170,471 | €176,037 | +€5,566 | +3.3% |
| Fixed assets | 21/28 | €19,289 | €23,689 | +€4,400 | +22.8% |
| Tangible fixed assets | 22/27 | €13,214 | €17,614 | +€4,400 | +33.3% |
| Plant, machinery and equipment | 23 | €1,285 | €6,940 | +€5,655 | +440.0% |
| Furniture and vehicles | 24 | €11,928 | €10,674 | -€1,255 | -10.5% |
| Financial fixed assets | 28 | €6,075 | €6,075 | = | 0.0% |
| Current assets | 29/58 | €151,182 | €152,348 | +€1,166 | +0.8% |
| Stocks and contracts in progress | 3 | €61,712 | €69,013 | +€7,301 | +11.8% |
| Stocks | 30/36 | €61,712 | €69,013 | +€7,301 | +11.8% |
| Amounts receivable within one year | 40/41 | €48,350 | €30,062 | -€18,288 | -37.8% |
| Trade receivables | 40 | €44,355 | €23,240 | -€21,116 | -47.6% |
| Other amounts receivable | 41 | €3,995 | €6,822 | +€2,828 | +70.8% |
| Cash at bank and in hand | 54/58 | €40,093 | €52,004 | +€11,910 | +29.7% |
| Deferred charges and accrued income | 490/1 | €1,027 | €1,270 | +€243 | +23.6% |
| Total equity and liabilities | 10/49 | €170,471 | €176,037 | +€5,566 | +3.3% |
| Equity | 10/15 | €101,791 | €43,251 | -€58,540 | -57.5% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €100,791 | €42,251 | -€58,540 | -58.1% |
| Amounts payable | 17/49 | €68,680 | €132,786 | +€64,106 | +93.3% |
| Amounts payable within one year | 42/48 | €66,930 | €130,655 | +€63,726 | +95.2% |
| Trade debts | 44 | €9,852 | €2,820 | -€7,032 | -71.4% |
| Suppliers | 440/4 | €9,852 | €2,820 | -€7,032 | -71.4% |
| Taxes, remuneration and social security | 45 | €28,758 | €23,452 | -€5,307 | -18.5% |
| Taxes | 450/3 | €28,758 | €21,774 | -€6,985 | -24.3% |
| Remuneration and social security | 454/9 | €0 | €1,678 | +€1,678 | |
| Other amounts payable | 47/48 | €28,319 | €104,383 | +€76,064 | +268.6% |
| Accrued charges and deferred income | 492/3 | €1,750 | €2,131 | +€381 | +21.8% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Remuneration, social security and pensions | 62 | - | €14,668 | +€14,668 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,744 | €4,671 | +€927 | +24.8% |
| Other operating charges | 640/8 | €1,504 | €910 | -€594 | -39.5% |
| Gross operating margin | 9900 | €76,144 | €75,606 | -€539 | -0.7% |
| Operating profit (loss) | 9901 | €70,897 | €55,357 | -€15,540 | -21.9% |
| Financial income | 75/76B | €771 | €805 | +€34 | +4.4% |
| Recurring financial income | 75 | €771 | €805 | +€34 | +4.4% |
| Financial charges | 65/66B | €1,602 | €1,317 | -€285 | -17.8% |
| Recurring financial charges | 65 | €1,602 | €1,317 | -€285 | -17.8% |
| Profit (loss) for the period before taxes | 9903 | €70,066 | €54,845 | -€15,220 | -21.7% |
| Income taxes | 67/77 | €16,316 | €13,385 | -€2,930 | -18.0% |
| Profit (loss) for the period | 9904 | €53,750 | €41,460 | -€12,290 | -22.9% |
| Profit (loss) for the period to be appropriated | 9905 | €53,750 | €41,460 | -€12,290 | -22.9% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.