Serious Audio Design: 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.
Serious Audio Design
Largest movements
- Tangible fixed assets -€21,080
down €21,080 (-28.9%), from €72,870 to €51,790
of which Furniture and vehicles: -€17,013
- Receivables within one year +€3,684
up €3,684 (+8.1%), from €45,614 to €49,299
of which Other amounts receivable: +€2,099
- Cash +€3,495
up €3,495 (+3.3%), from €107,380 to €110,875
mainly Other debts (+€177,033) and Net result for the year (+€49,964)
- Deferred charges and accrued income +€3,339
up €3,339 (+70.0%), from €4,768 to €8,107
- Profit (loss) carried forward -€190,036
down €190,036 (-99.6%), from €190,885 to €849
- Other debts +€177,033
up €177,033 (+333%), from €53,224 to €230,258
- Gross operating margin -€6,615
down €6,615 (-7.0%), from €93,927 to €87,312
- Depreciation +€4,738
up €4,738 (+25.6%), from €18,519 to €23,257
- Taxes -€1,927
down €1,927 (-13.1%), from €14,703 to €12,776
- Financial income -€961
down €961 (-100%), from €961 to €0
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 | €266,445 | €255,385 | -€11,060 | -4.2% |
| Fixed assets | 21/28 | €72,870 | €51,790 | -€21,080 | -28.9% |
| Tangible fixed assets | 22/27 | €72,870 | €51,790 | -€21,080 | -28.9% |
| Plant, machinery and equipment | 23 | €11,240 | €7,174 | -€4,066 | -36.2% |
| Furniture and vehicles | 24 | €61,629 | €44,616 | -€17,013 | -27.6% |
| Current assets | 29/58 | €193,576 | €203,595 | +€10,020 | +5.2% |
| Amounts receivable after more than one year | 29 | €16,332 | €15,834 | -€498 | -3.0% |
| Other amounts receivable | 291 | €16,332 | €15,834 | -€498 | -3.0% |
| Amounts receivable within one year | 40/41 | €45,614 | €49,299 | +€3,684 | +8.1% |
| Trade receivables | 40 | €45,087 | €46,672 | +€1,585 | +3.5% |
| Other amounts receivable | 41 | €528 | €2,627 | +€2,099 | +398% |
| Current investments | 50/53 | €19,481 | €19,481 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €107,380 | €110,875 | +€3,495 | +3.3% |
| Deferred charges and accrued income | 490/1 | €4,768 | €8,107 | +€3,339 | +70.0% |
| Total equity and liabilities | 10/49 | €266,445 | €255,385 | -€11,060 | -4.2% |
| Equity | 10/15 | €211,345 | €21,309 | -€190,036 | -89.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €190,885 | €849 | -€190,036 | -99.6% |
| Amounts payable | 17/49 | €55,100 | €234,076 | +€178,977 | +325% |
| Amounts payable within one year | 42/48 | €55,094 | €234,071 | +€178,977 | +325% |
| Trade debts | 44 | €359 | €2,332 | +€1,972 | +549% |
| Suppliers | 440/4 | €359 | €2,332 | +€1,972 | +549% |
| Advances received on contracts in progress | 46 | €207 | €0 | -€207 | -100% |
| Taxes, remuneration and social security | 45 | €1,304 | €1,481 | +€177 | +13.6% |
| Taxes | 450/3 | €1,304 | €1,481 | +€177 | +13.6% |
| Other amounts payable | 47/48 | €53,224 | €230,258 | +€177,033 | +333% |
| Accrued charges and deferred income | 492/3 | €6 | €6 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,519 | €23,257 | +€4,738 | +25.6% |
| Other operating charges | 640/8 | €1,242 | €462 | -€780 | -62.8% |
| Gross operating margin | 9900 | €93,927 | €87,312 | -€6,615 | -7.0% |
| Operating profit (loss) | 9901 | €74,167 | €63,594 | -€10,573 | -14.3% |
| Financial income | 75/76B | €961 | €0 | -€961 | -100% |
| Recurring financial income | 75 | €961 | €0 | -€961 | -100% |
| Financial charges | 65/66B | €385 | €854 | +€469 | +122% |
| Recurring financial charges | 65 | €385 | €854 | +€469 | +122% |
| Profit (loss) for the period before taxes | 9903 | €74,742 | €62,740 | -€12,002 | -16.1% |
| Income taxes | 67/77 | €14,703 | €12,776 | -€1,927 | -13.1% |
| Profit (loss) for the period | 9904 | €60,039 | €49,964 | -€10,075 | -16.8% |
| Profit (loss) for the period to be appropriated | 9905 | €60,039 | €49,964 | -€10,075 | -16.8% |
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.