SOUND 7: 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.
SOUND 7
Largest movements
- Cash -€67,007
down €67,007 (-46.1%), from €145,257 to €78,250
mainly Receivables within one year (-€45,552) and Net result for the year (-€23,766)
- Receivables within one year +€45,552
up €45,552 (+819%), from €5,564 to €51,117
of which Trade receivables: +€45,744
- Tangible fixed assets -€8,452
down €8,452 (-11.5%), from €73,314 to €64,862
- Profit (loss) carried forward -€19,468
down €19,468 (-69.8%), from €27,907 to €8,439
- Current portion of long-term debt -€7,280
down €7,280 (-93.1%), from €7,815 to €536
- Reserves -€4,298
down €4,298 (-2.1%), from €201,106 to €196,808
of which Tax-exempt reserves: -€4,298
- Other debts +€3,405
up €3,405 (+31.3%), from €10,880 to €14,285
- Gross operating margin +€5,844
up €5,844 (+26.0%), from -€22,467 to -€16,623
- Depreciation +€2,848
up €2,848 (+50.8%), from €5,604 to €8,452
- Other operating charges -€1,352
down €1,352 (-71.9%), from €1,881 to €528
- Financial charges -€515
down €515 (-66.2%), from €777 to €262
- Financial income -€388
down €388 (-27.4%), from €1,418 to €1,030
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €298,428 | €268,521 | -€29,907 | -10.0% |
| Fixed assets | 21/28 | €73,364 | €64,912 | -€8,452 | -11.5% |
| Intangible fixed assets | 21 | €0 | €0 | = | |
| Tangible fixed assets | 22/27 | €73,314 | €64,862 | -€8,452 | -11.5% |
| Plant, machinery and equipment | 23 | €9,467 | €7,456 | -€2,012 | -21.2% |
| Furniture and vehicles | 24 | €33,581 | €31,238 | -€2,343 | -7.0% |
| Other tangible fixed assets | 26 | €30,265 | €26,168 | -€4,097 | -13.5% |
| Financial fixed assets | 28 | €50 | €50 | = | 0.0% |
| Current assets | 29/58 | €225,064 | €203,609 | -€21,455 | -9.5% |
| Amounts receivable within one year | 40/41 | €5,564 | €51,117 | +€45,552 | +819% |
| Trade receivables | 40 | €0 | €45,744 | +€45,744 | |
| Other amounts receivable | 41 | €5,564 | €5,372 | -€192 | -3.5% |
| Current investments | 50/53 | €74,243 | €74,243 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €145,257 | €78,250 | -€67,007 | -46.1% |
| Deferred charges and accrued income | 490/1 | €0 | - | = | |
| Total equity and liabilities | 10/49 | €298,428 | €268,521 | -€29,907 | -10.0% |
| Equity | 10/15 | €249,012 | €225,247 | -€23,766 | -9.5% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €201,106 | €196,808 | -€4,298 | -2.1% |
| Non-distributable reserves | 130/1 | €2,000 | €2,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,000 | €2,000 | = | 0.0% |
| Tax-exempt reserves | 132 | €83,203 | €78,905 | -€4,298 | -5.2% |
| Distributable reserves | 133 | €115,902 | €115,902 | = | 0.0% |
| Profit (loss) carried forward | 14 | €27,907 | €8,439 | -€19,468 | -69.8% |
| Provisions and deferred taxes | 16 | €27,734 | €26,302 | -€1,433 | -5.2% |
| Deferred taxes | 168 | €27,734 | €26,302 | -€1,433 | -5.2% |
| Amounts payable | 17/49 | €21,681 | €16,973 | -€4,708 | -21.7% |
| Amounts payable after more than one year | 17 | €0 | - | = | |
| Financial debts | 170/4 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €21,681 | €16,973 | -€4,708 | -21.7% |
| Current portion of amounts payable after more than one year | 42 | €7,815 | €536 | -€7,280 | -93.1% |
| Trade debts | 44 | €2,986 | €1,890 | -€1,096 | -36.7% |
| Suppliers | 440/4 | €2,986 | €1,890 | -€1,096 | -36.7% |
| Advances received on contracts in progress | 46 | €0 | - | = | |
| Taxes, remuneration and social security | 45 | €0 | €262 | +€262 | |
| Taxes | 450/3 | €0 | €262 | +€262 | |
| Other amounts payable | 47/48 | €10,880 | €14,285 | +€3,405 | +31.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,604 | €8,452 | +€2,848 | +50.8% |
| Other operating charges | 640/8 | €1,881 | €528 | -€1,352 | -71.9% |
| Gross operating margin | 9900 | -€22,467 | -€16,623 | +€5,844 | +26.0% |
| Operating profit (loss) | 9901 | -€29,952 | -€25,603 | +€4,349 | +14.5% |
| Financial income | 75/76B | €1,418 | €1,030 | -€388 | -27.4% |
| Recurring financial income | 75 | €1,418 | €1,030 | -€388 | -27.4% |
| Financial charges | 65/66B | €777 | €262 | -€515 | -66.2% |
| Recurring financial charges | 65 | €777 | €262 | -€515 | -66.2% |
| Profit (loss) for the period before taxes | 9903 | -€29,311 | -€24,836 | +€4,475 | +15.3% |
| Transfer from deferred taxes | 780 | €950 | €1,433 | +€483 | +50.8% |
| Income taxes | 67/77 | €133 | €362 | +€230 | +173% |
| Profit (loss) for the period | 9904 | -€28,494 | -€23,766 | +€4,728 | +16.6% |
| Transfer from tax-exempt reserves | 789 | €2,850 | €4,298 | +€1,448 | +50.8% |
| Profit (loss) for the period to be appropriated | 9905 | -€25,644 | -€19,468 | +€6,176 | +24.1% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 18 October 2026 via checked.be.