Sound Respect: 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 Respect
Largest movements
- Cash +€33,595
up €33,595 (+29.9%), from €112,498 to €146,094
mainly Other debts (+€149,023) and Net result for the year (+€62,726)
- Tangible fixed assets -€6,670
down €6,670 (-43.1%), from €15,488 to €8,818
- Receivables within one year +€6,325
up €6,325 (+36.0%), from €17,548 to €23,874
of which Trade receivables: +€7,966
- Other debts +€149,023
up €149,023 (+2,768%), from €5,384 to €154,407
- Reserves -€124,900
no longer reported in 2025 (was €124,900)
- Profit (loss) carried forward +€12,726
up €12,726 (+15,360%), from €83 to €12,808
- Debts after one year -€5,172
down €5,172 (-62.6%), from €8,258 to €3,087
- Gross operating margin +€13,083
up €13,083 (+17.8%), from €73,378 to €86,460
- Taxes +€2,558
up €2,558 (+18.9%), from €13,546 to €16,104
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 | €147,169 | €180,507 | +€33,338 | +22.7% |
| Fixed assets | 21/28 | €15,788 | €9,118 | -€6,670 | -42.2% |
| Tangible fixed assets | 22/27 | €15,488 | €8,818 | -€6,670 | -43.1% |
| Furniture and vehicles | 24 | €15,488 | €8,818 | -€6,670 | -43.1% |
| Financial fixed assets | 28 | €300 | €300 | = | 0.0% |
| Current assets | 29/58 | €131,381 | €171,389 | +€40,008 | +30.5% |
| Amounts receivable within one year | 40/41 | €17,548 | €23,874 | +€6,325 | +36.0% |
| Trade receivables | 40 | €14,610 | €22,576 | +€7,966 | +54.5% |
| Other amounts receivable | 41 | €2,938 | €1,298 | -€1,641 | -55.8% |
| Cash at bank and in hand | 54/58 | €112,498 | €146,094 | +€33,595 | +29.9% |
| Deferred charges and accrued income | 490/1 | €1,334 | €1,421 | +€87 | +6.5% |
| Total equity and liabilities | 10/49 | €147,169 | €180,507 | +€33,338 | +22.7% |
| Equity | 10/15 | €127,483 | €15,308 | -€112,174 | -88.0% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Reserves | 13 | €124,900 | - | -€124,900 | |
| Distributable reserves | 133 | €124,900 | - | -€124,900 | |
| Profit (loss) carried forward | 14 | €83 | €12,808 | +€12,726 | +15,360% |
| Amounts payable | 17/49 | €19,686 | €165,198 | +€145,512 | +739% |
| Amounts payable after more than one year | 17 | €8,258 | €3,087 | -€5,172 | -62.6% |
| Financial debts | 170/4 | €8,258 | €3,087 | -€5,172 | -62.6% |
| Amounts payable within one year | 42/48 | €11,362 | €162,111 | +€150,750 | +1,327% |
| Current portion of amounts payable after more than one year | 42 | €5,023 | €5,172 | +€148 | +2.9% |
| Trade debts | 44 | €254 | €1,832 | +€1,578 | +621% |
| Suppliers | 440/4 | €254 | €1,832 | +€1,578 | +621% |
| Taxes, remuneration and social security | 45 | €700 | €700 | = | 0.0% |
| Taxes | 450/3 | €700 | €700 | = | 0.0% |
| Other amounts payable | 47/48 | €5,384 | €154,407 | +€149,023 | +2,768% |
| Accrued charges and deferred income | 492/3 | €66 | - | -€66 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,344 | €6,670 | +€326 | +5.1% |
| Other operating charges | 640/8 | €109 | €527 | +€418 | +384% |
| Gross operating margin | 9900 | €73,378 | €86,460 | +€13,083 | +17.8% |
| Operating profit (loss) | 9901 | €66,924 | €79,264 | +€12,339 | +18.4% |
| Financial charges | 65/66B | €512 | €434 | -€78 | -15.2% |
| Recurring financial charges | 65 | €512 | €434 | -€78 | -15.2% |
| Profit (loss) for the period before taxes | 9903 | €66,413 | €78,830 | +€12,417 | +18.7% |
| Income taxes | 67/77 | €13,546 | €16,104 | +€2,558 | +18.9% |
| Profit (loss) for the period | 9904 | €52,867 | €62,726 | +€9,859 | +18.6% |
| Profit (loss) for the period to be appropriated | 9905 | €52,867 | €62,726 | +€9,859 | +18.6% |
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 26 October 2026 via checked.be.