SOUND WIZARD: what changed
SOUND WIZARD
Largest movements
- Receivables within one year +€22,516
up €22,516 (+45.5%), from €49,537 to €72,054
of which Other amounts receivable: +€12,911
- Cash -€5,711
down €5,711 (-2.2%), from €263,656 to €257,945
mainly Trade debts (-€24,864) and Accrued charges and deferred income (-€24,622)
- Financial fixed assets +€4,500
new in 2025: €4,500
- Other debts +€31,487
up €31,487 (+28.9%), from €108,833 to €140,320
- Trade debts -€24,864
no longer reported in 2025 (was €24,864)
- Accrued charges and deferred income -€24,622
no longer reported in 2025 (was €24,622)
- Tax, wage and social debts +€20,497
up €20,497 (+254%), from €8,072 to €28,569
- Reserves +€16,168
up €16,168 (+30.6%), from €52,883 to €69,051
- Financial charges +€8,481
up €8,481 (+512%), from €1,655 to €10,137
- Taxes +€1,407
up €1,407 (+11.6%), from €12,080 to €13,487
- Gross operating margin +€848
up €848 (+1.8%), from €48,174 to €49,022
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €327,567 | €346,233 | +€18,666 | +5.7% |
| Fixed assets | 21/28 | €14,374 | €16,234 | +€1,860 | +12.9% |
| Tangible fixed assets | 22/27 | €14,374 | €11,734 | -€2,640 | -18.4% |
| Plant, machinery and equipment | 23 | €10,315 | €6,380 | -€3,935 | -38.1% |
| Furniture and vehicles | 24 | €1,347 | €631 | -€717 | -53.2% |
| Other tangible fixed assets | 26 | €2,711 | €4,723 | +€2,012 | +74.2% |
| Financial fixed assets | 28 | - | €4,500 | +€4,500 | |
| Current assets | 29/58 | €313,193 | €329,999 | +€16,806 | +5.4% |
| Amounts receivable within one year | 40/41 | €49,537 | €72,054 | +€22,516 | +45.5% |
| Trade receivables | 40 | €49,537 | €59,142 | +€9,605 | +19.4% |
| Other amounts receivable | 41 | - | €12,911 | +€12,911 | |
| Cash at bank and in hand | 54/58 | €263,656 | €257,945 | -€5,711 | -2.2% |
| Total equity and liabilities | 10/49 | €327,567 | €346,233 | +€18,666 | +5.7% |
| Equity | 10/15 | €161,175 | €177,343 | +€16,168 | +10.0% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Reserves | 13 | €52,883 | €69,051 | +€16,168 | +30.6% |
| Distributable reserves | 133 | €52,883 | €69,051 | +€16,168 | +30.6% |
| Profit (loss) carried forward | 14 | €98,292 | €98,292 | = | 0.0% |
| Amounts payable | 17/49 | €166,392 | €168,889 | +€2,497 | +1.5% |
| Amounts payable within one year | 42/48 | €141,770 | €168,889 | +€27,120 | +19.1% |
| Trade debts | 44 | €24,864 | - | -€24,864 | |
| Suppliers | 440/4 | €24,864 | - | -€24,864 | |
| Taxes, remuneration and social security | 45 | €8,072 | €28,569 | +€20,497 | +254% |
| Taxes | 450/3 | €8,072 | €28,569 | +€20,497 | +254% |
| Other amounts payable | 47/48 | €108,833 | €140,320 | +€31,487 | +28.9% |
| Accrued charges and deferred income | 492/3 | €24,622 | - | -€24,622 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,679 | €6,214 | -€465 | -7.0% |
| Other operating charges | 640/8 | €1,163 | €1,299 | +€135 | +11.6% |
| Gross operating margin | 9900 | €48,174 | €49,022 | +€848 | +1.8% |
| Operating profit (loss) | 9901 | €40,332 | €41,510 | +€1,178 | +2.9% |
| Financial charges | 65/66B | €1,655 | €10,137 | +€8,481 | +512% |
| Recurring financial charges | 65 | €1,655 | €10,137 | +€8,481 | +512% |
| Profit (loss) for the period before taxes | 9903 | €38,676 | €31,373 | -€7,303 | -18.9% |
| Income taxes | 67/77 | €12,080 | €13,487 | +€1,407 | +11.6% |
| Profit (loss) for the period | 9904 | €26,596 | €17,886 | -€8,710 | -32.7% |
| Profit (loss) for the period to be appropriated | 9905 | €26,596 | €17,886 | -€8,710 | -32.7% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 5 November 2026 via checked.be.