SOUND: 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.
SOUND
Largest movements
- Tangible fixed assets +€25,697
up €25,697 (+234.0%), from €10,984 to €36,681
of which Plant, machinery and equipment: +€24,642
- Intangible fixed assets -€6,400
down €6,400 (-21.1%), from €30,374 to €23,974
- Cash +€3,047
up €3,047 (+31.3%), from €9,745 to €12,792
mainly Debts after one year (+€45,000) and Depreciation (+€18,402)
- Receivables within one year +€2,018
up €2,018 (+10.7%), from €18,811 to €20,829
- Debts after one year +€45,000
new in 2025: €45,000
- Profit (loss) carried forward -€30,027
down €30,027 (-65.9%), from €45,530 to €15,503
- Other debts +€4,368
up €4,368 (+56.5%), from €7,736 to €12,104
- Tax, wage and social debts +€3,434
up €3,434 (+20.1%), from €17,107 to €20,541
of which Remuneration and social security: +€2,000
- Gross operating margin -€71,115
down €71,115, from €61,515 to -€9,601
- Depreciation +€15,474
up €15,474 (+528.5%), from €2,928 to €18,402
- Taxes -€12,063
down €12,063 (-99.2%), from €12,165 to €102
- Financial charges +€1,846
up €1,846 (+1842.6%), from €100 to €1,946
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 | €73,450 | €96,807 | +€23,357 | +31.8% |
| Formation expenses | 20 | €728 | €0 | -€728 | -100.0% |
| Fixed assets | 21/28 | €41,857 | €61,155 | +€19,297 | +46.1% |
| Intangible fixed assets | 21 | €30,374 | €23,974 | -€6,400 | -21.1% |
| Tangible fixed assets | 22/27 | €10,984 | €36,681 | +€25,697 | +234.0% |
| Plant, machinery and equipment | 23 | €10,984 | €35,626 | +€24,642 | +224.3% |
| Furniture and vehicles | 24 | - | €1,055 | +€1,055 | |
| Financial fixed assets | 28 | €500 | €500 | = | 0.0% |
| Current assets | 29/58 | €30,864 | €35,652 | +€4,788 | +15.5% |
| Amounts receivable within one year | 40/41 | €18,811 | €20,829 | +€2,018 | +10.7% |
| Trade receivables | 40 | €18,811 | €20,829 | +€2,018 | +10.7% |
| Cash at bank and in hand | 54/58 | €9,745 | €12,792 | +€3,047 | +31.3% |
| Deferred charges and accrued income | 490/1 | €2,307 | €2,031 | -€276 | -12.0% |
| Total equity and liabilities | 10/49 | €73,450 | €96,807 | +€23,357 | +31.8% |
| Equity | 10/15 | €46,530 | €16,503 | -€30,027 | -64.5% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €45,530 | €15,503 | -€30,027 | -65.9% |
| Amounts payable | 17/49 | €26,920 | €80,304 | +€53,384 | +198.3% |
| Amounts payable after more than one year | 17 | - | €45,000 | +€45,000 | |
| Financial debts | 170/4 | - | €45,000 | +€45,000 | |
| Amounts payable within one year | 42/48 | €26,920 | €35,304 | +€8,384 | +31.1% |
| Trade debts | 44 | €2,076 | €2,659 | +€582 | +28.1% |
| Suppliers | 440/4 | €2,076 | €2,659 | +€582 | +28.1% |
| Taxes, remuneration and social security | 45 | €17,107 | €20,541 | +€3,434 | +20.1% |
| Taxes | 450/3 | €17,107 | €18,541 | +€1,434 | +8.4% |
| Remuneration and social security | 454/9 | - | €2,000 | +€2,000 | |
| Other amounts payable | 47/48 | €7,736 | €12,104 | +€4,368 | +56.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,928 | €18,402 | +€15,474 | +528.5% |
| Gross operating margin | 9900 | €61,515 | -€9,601 | -€71,115 | |
| Operating profit (loss) | 9901 | €58,587 | -€28,003 | -€86,590 | |
| Financial income | 75/76B | €8 | €24 | +€15 | +187.0% |
| Recurring financial income | 75 | €8 | €24 | +€15 | +187.0% |
| Financial charges | 65/66B | €100 | €1,946 | +€1,846 | +1842.6% |
| Recurring financial charges | 65 | €100 | €1,946 | +€1,846 | +1842.6% |
| Profit (loss) for the period before taxes | 9903 | €58,495 | -€29,925 | -€88,420 | |
| Income taxes | 67/77 | €12,165 | €102 | -€12,063 | -99.2% |
| Profit (loss) for the period | 9904 | €46,330 | -€30,027 | -€76,357 | |
| Profit (loss) for the period to be appropriated | 9905 | €46,330 | -€30,027 | -€76,357 |
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 1 October 2026 via checked.be.