Sound HR: 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 HR
Largest movements
- Cash -€35,839
down €35,839 (-41.7%), from €85,978 to €50,140
mainly Contributions, distributions and other (-€43,759) and Other debts (-€40,898)
- Receivables within one year -€10,313
down €10,313 (-64.2%), from €16,057 to €5,744
of which Trade receivables: -€12,172
- Tangible fixed assets -€1,410
down €1,410 (-30.5%), from €4,617 to €3,207
of which Furniture and vehicles: -€1,103
- Other debts -€40,898
down €40,898 (-90.6%), from €45,142 to €4,244
- Tax, wage and social debts -€5,025
down €5,025 (-49.4%), from €10,180 to €5,155
- Trade debts -€3,315
down €3,315 (-57.0%), from €5,819 to €2,504
- Reserves +€1,512
up €1,512 (+3.5%), from €43,759 to €45,271
- Depreciation -€6,131
down €6,131 (-76.2%), from €8,043 to €1,912
- Gross operating margin -€5,894
down €5,894 (-8.8%), from €66,749 to €60,855
- Taxes -€1,227
down €1,227 (-8.9%), from €13,758 to €12,531
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 | €107,900 | €60,174 | -€47,726 | -44.2% |
| Fixed assets | 21/28 | €4,617 | €3,207 | -€1,410 | -30.5% |
| Tangible fixed assets | 22/27 | €4,617 | €3,207 | -€1,410 | -30.5% |
| Plant, machinery and equipment | 23 | €1,203 | €895 | -€307 | -25.6% |
| Furniture and vehicles | 24 | €3,414 | €2,312 | -€1,103 | -32.3% |
| Current assets | 29/58 | €103,283 | €56,967 | -€46,316 | -44.8% |
| Amounts receivable within one year | 40/41 | €16,057 | €5,744 | -€10,313 | -64.2% |
| Trade receivables | 40 | €15,312 | €3,140 | -€12,172 | -79.5% |
| Other amounts receivable | 41 | €745 | €2,604 | +€1,860 | +250% |
| Cash at bank and in hand | 54/58 | €85,978 | €50,140 | -€35,839 | -41.7% |
| Deferred charges and accrued income | 490/1 | €1,248 | €1,083 | -€165 | -13.2% |
| Total equity and liabilities | 10/49 | €107,900 | €60,174 | -€47,726 | -44.2% |
| Equity | 10/15 | €46,759 | €48,271 | +€1,512 | +3.2% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €43,759 | €45,271 | +€1,512 | +3.5% |
| Distributable reserves | 133 | €43,759 | €45,271 | +€1,512 | +3.5% |
| Amounts payable | 17/49 | €61,141 | €11,903 | -€49,238 | -80.5% |
| Amounts payable within one year | 42/48 | €61,141 | €11,903 | -€49,238 | -80.5% |
| Trade debts | 44 | €5,819 | €2,504 | -€3,315 | -57.0% |
| Suppliers | 440/4 | €5,819 | €2,504 | -€3,315 | -57.0% |
| Taxes, remuneration and social security | 45 | €10,180 | €5,155 | -€5,025 | -49.4% |
| Taxes | 450/3 | €10,180 | €5,155 | -€5,025 | -49.4% |
| Other amounts payable | 47/48 | €45,142 | €4,244 | -€40,898 | -90.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,043 | €1,912 | -€6,131 | -76.2% |
| Other operating charges | 640/8 | €1,452 | €1,501 | +€49 | +3.4% |
| Gross operating margin | 9900 | €66,749 | €60,855 | -€5,894 | -8.8% |
| Operating profit (loss) | 9901 | €57,255 | €57,442 | +€188 | +0.3% |
| Financial income | 75/76B | €434 | €450 | +€16 | +3.6% |
| Recurring financial income | 75 | €434 | €450 | +€16 | +3.6% |
| Financial charges | 65/66B | €172 | €90 | -€82 | -47.7% |
| Recurring financial charges | 65 | €172 | €90 | -€82 | -47.7% |
| Profit (loss) for the period before taxes | 9903 | €57,516 | €57,802 | +€285 | +0.5% |
| Income taxes | 67/77 | €13,758 | €12,531 | -€1,227 | -8.9% |
| Profit (loss) for the period | 9904 | €43,759 | €45,271 | +€1,512 | +3.5% |
| Profit (loss) for the period to be appropriated | 9905 | €43,759 | €45,271 | +€1,512 | +3.5% |
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 27 October 2026 via checked.be.