SOUND4U: 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.
SOUND4U
Largest movements
- Cash +€12,218
up €12,218 (+6.9%), from €177,242 to €189,460
mainly Net result for the year (+€23,932) and Depreciation (+€7,579)
- Tangible fixed assets +€5,875
up €5,875 (+21.0%), from €27,981 to €33,856
of which Other tangible fixed assets: +€12,665
- Receivables within one year +€3,708
up €3,708 (+14.7%), from €25,248 to €28,956
of which Trade receivables: +€4,354
- Reserves +€23,500
up €23,500 (+11.2%), from €209,784 to €233,284
of which Distributable reserves: +€23,500
- Tax, wage and social debts -€4,271
no longer reported in 2025 (was €4,271)
- Gross operating margin -€47,258
down €47,258 (-52.0%), from €90,907 to €43,649
- Taxes -€15,276
down €15,276 (-57.0%), from €26,786 to €11,510
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 | €230,471 | €252,272 | +€21,801 | +9.5% |
| Fixed assets | 21/28 | €27,981 | €33,856 | +€5,875 | +21.0% |
| Tangible fixed assets | 22/27 | €27,981 | €33,856 | +€5,875 | +21.0% |
| Plant, machinery and equipment | 23 | €23,313 | €18,650 | -€4,663 | -20.0% |
| Furniture and vehicles | 24 | €2,227 | €100 | -€2,127 | -95.5% |
| Other tangible fixed assets | 26 | €2,441 | €15,106 | +€12,665 | +519% |
| Current assets | 29/58 | €202,490 | €218,416 | +€15,926 | +7.9% |
| Amounts receivable within one year | 40/41 | €25,248 | €28,956 | +€3,708 | +14.7% |
| Trade receivables | 40 | €14,123 | €18,477 | +€4,354 | +30.8% |
| Other amounts receivable | 41 | €11,125 | €10,479 | -€646 | -5.8% |
| Cash at bank and in hand | 54/58 | €177,242 | €189,460 | +€12,218 | +6.9% |
| Total equity and liabilities | 10/49 | €230,471 | €252,272 | +€21,801 | +9.5% |
| Equity | 10/15 | €224,373 | €248,305 | +€23,932 | +10.7% |
| Contributions | 10/11 | €12,500 | €12,500 | = | 0.0% |
| Reserves | 13 | €209,784 | €233,284 | +€23,500 | +11.2% |
| Tax-exempt reserves | 132 | €10,924 | €10,924 | = | 0.0% |
| Distributable reserves | 133 | €198,860 | €222,360 | +€23,500 | +11.8% |
| Profit (loss) carried forward | 14 | €2,089 | €2,521 | +€432 | +20.7% |
| Amounts payable | 17/49 | €6,098 | €3,967 | -€2,131 | -34.9% |
| Amounts payable within one year | 42/48 | €6,098 | €3,967 | -€2,131 | -34.9% |
| Trade debts | 44 | €1,827 | €3,967 | +€2,140 | +117% |
| Suppliers | 440/4 | €1,827 | €3,967 | +€2,140 | +117% |
| Taxes, remuneration and social security | 45 | €4,271 | - | -€4,271 | |
| Taxes | 450/3 | €4,271 | - | -€4,271 | |
| Non-recurring operating income | 76A | - | €11,559 | +€11,559 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,548 | €7,579 | +€31 | +0.4% |
| Other operating charges | 640/8 | €737 | €400 | -€337 | -45.7% |
| Gross operating margin | 9900 | €90,907 | €43,649 | -€47,258 | -52.0% |
| Operating profit (loss) | 9901 | €82,622 | €35,670 | -€46,952 | -56.8% |
| Financial income | 75/76B | - | €2 | +€2 | |
| Recurring financial income | 75 | - | €2 | +€2 | |
| Financial charges | 65/66B | €54 | €230 | +€176 | +326% |
| Recurring financial charges | 65 | €54 | €230 | +€176 | +326% |
| Profit (loss) for the period before taxes | 9903 | €82,568 | €35,442 | -€47,126 | -57.1% |
| Income taxes | 67/77 | €26,786 | €11,510 | -€15,276 | -57.0% |
| Profit (loss) for the period | 9904 | €55,782 | €23,932 | -€31,850 | -57.1% |
| Profit (loss) for the period to be appropriated | 9905 | €55,782 | €23,932 | -€31,850 | -57.1% |
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 31 October 2026 via checked.be.