SONIC SILENCE: 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.
SONIC SILENCE
Largest movements
- Tangible fixed assets +€20,460
up €20,460 (+141.7%), from €14,441 to €34,901
of which Furniture and vehicles: +€22,658
- Cash -€5,520
down €5,520 (-5.6%), from €97,965 to €92,446
mainly Investment in fixed assets (net) (-€27,593) and Trade debts (-€5,008)
- Deferred charges and accrued income -€3,564
down €3,564 (-97.7%), from €3,648 to €84
- Receivables within one year -€3,302
down €3,302 (-54.0%), from €6,115 to €2,813
of which Trade receivables: -€1,934
- Reserves +€16,641
up €16,641 (+21.4%), from €77,607 to €94,247
of which Distributable reserves: +€16,641
- Trade debts -€5,008
down €5,008 (-91.2%), from €5,492 to €483
- Debts after one year -€2,659
down €2,659 (-100.0%), from €2,659 to €0
- Tax, wage and social debts +€2,078
up €2,078 (+14.3%), from €14,574 to €16,652
- Current portion of long-term debt -€1,840
down €1,840 (-40.9%), from €4,499 to €2,659
- Gross operating margin -€9,979
down €9,979 (-21.6%), from €46,277 to €36,298
- Taxes -€3,871
down €3,871 (-26.4%), from €14,636 to €10,765
- Depreciation +€1,169
up €1,169 (+17.4%), from €6,734 to €7,903
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 | €127,749 | €135,053 | +€7,304 | +5.7% |
| Fixed assets | 21/28 | €17,570 | €37,259 | +€19,690 | +112.1% |
| Intangible fixed assets | 21 | €3,129 | €2,359 | -€770 | -24.6% |
| Tangible fixed assets | 22/27 | €14,441 | €34,901 | +€20,460 | +141.7% |
| Plant, machinery and equipment | 23 | €14,441 | €12,243 | -€2,198 | -15.2% |
| Furniture and vehicles | 24 | €0 | €22,658 | +€22,658 | |
| Current assets | 29/58 | €110,180 | €97,794 | -€12,386 | -11.2% |
| Amounts receivable within one year | 40/41 | €6,115 | €2,813 | -€3,302 | -54.0% |
| Trade receivables | 40 | €1,934 | €0 | -€1,934 | -100.0% |
| Other amounts receivable | 41 | €4,181 | €2,813 | -€1,368 | -32.7% |
| Current investments | 50/53 | €2,451 | €2,451 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €97,965 | €92,446 | -€5,520 | -5.6% |
| Deferred charges and accrued income | 490/1 | €3,648 | €84 | -€3,564 | -97.7% |
| Total equity and liabilities | 10/49 | €127,749 | €135,053 | +€7,304 | +5.7% |
| Equity | 10/15 | €93,756 | €110,397 | +€16,641 | +17.7% |
| Contributions | 10/11 | €6,205 | €6,205 | = | 0.0% |
| Reserves | 13 | €77,607 | €94,247 | +€16,641 | +21.4% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €75,747 | €92,387 | +€16,641 | +22.0% |
| Profit (loss) carried forward | 14 | €9,944 | €9,944 | = | 0.0% |
| Amounts payable | 17/49 | €33,993 | €24,657 | -€9,336 | -27.5% |
| Amounts payable after more than one year | 17 | €2,659 | €0 | -€2,659 | -100.0% |
| Financial debts | 170/4 | €2,659 | €0 | -€2,659 | -100.0% |
| Amounts payable within one year | 42/48 | €31,334 | €24,657 | -€6,678 | -21.3% |
| Current portion of amounts payable after more than one year | 42 | €4,499 | €2,659 | -€1,840 | -40.9% |
| Financial debts | 43 | €742 | €524 | -€217 | -29.3% |
| Credit institutions | 430/8 | €0 | €524 | +€524 | |
| Other loans | 439 | €742 | €0 | -€742 | -100.0% |
| Trade debts | 44 | €5,492 | €483 | -€5,008 | -91.2% |
| Suppliers | 440/4 | €5,492 | €483 | -€5,008 | -91.2% |
| Taxes, remuneration and social security | 45 | €14,574 | €16,652 | +€2,078 | +14.3% |
| Taxes | 450/3 | €14,574 | €16,652 | +€2,078 | +14.3% |
| Other amounts payable | 47/48 | €6,028 | €4,339 | -€1,690 | -28.0% |
| Non-recurring operating income | 76A | - | €6,676 | +€6,676 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,734 | €7,903 | +€1,169 | +17.4% |
| Other operating charges | 640/8 | €488 | €615 | +€127 | +26.0% |
| Gross operating margin | 9900 | €46,277 | €36,298 | -€9,979 | -21.6% |
| Operating profit (loss) | 9901 | €39,055 | €27,780 | -€11,275 | -28.9% |
| Financial income | 75/76B | €74 | €213 | +€138 | +186.1% |
| Recurring financial income | 75 | €74 | €213 | +€138 | +186.1% |
| Financial charges | 65/66B | €734 | €587 | -€147 | -20.0% |
| Recurring financial charges | 65 | €734 | €587 | -€147 | -20.0% |
| Profit (loss) for the period before taxes | 9903 | €38,395 | €27,406 | -€10,989 | -28.6% |
| Income taxes | 67/77 | €14,636 | €10,765 | -€3,871 | -26.4% |
| Profit (loss) for the period | 9904 | €23,759 | €16,641 | -€7,119 | -30.0% |
| Profit (loss) for the period to be appropriated | 9905 | €23,759 | €16,641 | -€7,119 | -30.0% |
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 5 October 2026 via checked.be.