SOUNDFIELD: 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.
SOUNDFIELD
Largest movements
- Receivables within one year -€533,652
down €533,652 (-46.8%), from €1.1m to €606,669
of which Trade receivables: -€677,837
- Tangible fixed assets -€371,579
down €371,579 (-17.3%), from €2.1m to €1.8m
of which Plant, machinery and equipment: -€329,223
- Current investments +€353,381
new in 2024: €353,381
- Financial fixed assets +€125,001
up €125,001 (+64.1%), from €195,000 to €320,001
- Stocks and contracts +€88,800
new in 2024: €88,800
- Profit (loss) carried forward -€839,432
down €839,432 (-146%), from -€573,598 to -€1.4m
- Contributions +€300,000
up €300,000 (+22.1%), from €1.4m to €1.7m
- Trade debts +€188,041
up €188,041 (+31.7%), from €593,857 to €781,898
- Current portion of long-term debt -€110,833
down €110,833 (-18.9%), from €585,460 to €474,627
- Tax, wage and social debts +€47,438
up €47,438 (+11.7%), from €406,684 to €454,121
of which Remuneration and social security: +€33,249
- Gross operating margin -€688,923
down €688,923 (-52.5%), from €1.3m to €622,387
- Depreciation +€99,174
up €99,174 (+25.5%), from €388,282 to €487,456
- Financial charges +€92,532
up €92,532 (+110%), from €84,054 to €176,586
of which Non-recurring financial charges: +€94,999
- Write-downs -€18,303
down €18,303 (-21.8%), from €83,796 to €65,494
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 | €3,799,655 | €3,381,053 | -€418,603 | -11.0% |
| Fixed assets | 21/28 | €2,342,043 | €2,157,719 | -€184,324 | -7.9% |
| Intangible fixed assets | 21 | - | €62,254 | +€62,254 | |
| Tangible fixed assets | 22/27 | €2,147,043 | €1,775,464 | -€371,579 | -17.3% |
| Land and buildings | 22 | €241,732 | €205,791 | -€35,941 | -14.9% |
| Plant, machinery and equipment | 23 | €984,606 | €655,383 | -€329,223 | -33.4% |
| Furniture and vehicles | 24 | €34,470 | €119,563 | +€85,093 | +247% |
| Leasing and similar rights | 25 | €886,234 | €794,727 | -€91,508 | -10.3% |
| Financial fixed assets | 28 | €195,000 | €320,001 | +€125,001 | +64.1% |
| Current assets | 29/58 | €1,457,613 | €1,223,334 | -€234,279 | -16.1% |
| Stocks and contracts in progress | 3 | - | €88,800 | +€88,800 | |
| Contracts in progress | 37 | - | €88,800 | +€88,800 | |
| Amounts receivable within one year | 40/41 | €1,140,321 | €606,669 | -€533,652 | -46.8% |
| Trade receivables | 40 | €902,971 | €225,134 | -€677,837 | -75.1% |
| Other amounts receivable | 41 | €237,350 | €381,535 | +€144,186 | +60.7% |
| Current investments | 50/53 | - | €353,381 | +€353,381 | |
| Cash at bank and in hand | 54/58 | €167,892 | €99,834 | -€68,058 | -40.5% |
| Deferred charges and accrued income | 490/1 | €149,400 | €74,650 | -€74,750 | -50.0% |
| Total equity and liabilities | 10/49 | €3,799,655 | €3,381,053 | -€418,603 | -11.0% |
| Equity | 10/15 | €791,674 | €252,243 | -€539,432 | -68.1% |
| Contributions | 10/11 | €1,360,272 | €1,660,272 | +€300,000 | +22.1% |
| Capital | 10 | €1,360,272 | €1,660,272 | +€300,000 | +22.1% |
| Issued capital | 100 | €1,360,272 | €1,660,272 | +€300,000 | +22.1% |
| Reserves | 13 | €5,000 | €5,000 | = | 0.0% |
| Non-distributable reserves | 130/1 | €5,000 | €5,000 | = | 0.0% |
| Legal reserve | 130 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€573,598 | -€1,413,029 | -€839,432 | -146% |
| Amounts payable | 17/49 | €3,007,981 | €3,128,810 | +€120,829 | +4.0% |
| Amounts payable after more than one year | 17 | €1,421,980 | €1,418,163 | -€3,816 | -0.3% |
| Financial debts | 170/4 | €1,421,980 | €1,418,163 | -€3,816 | -0.3% |
| Amounts payable within one year | 42/48 | €1,586,001 | €1,710,647 | +€124,645 | +7.9% |
| Current portion of amounts payable after more than one year | 42 | €585,460 | €474,627 | -€110,833 | -18.9% |
| Trade debts | 44 | €593,857 | €781,898 | +€188,041 | +31.7% |
| Suppliers | 440/4 | €593,857 | €781,898 | +€188,041 | +31.7% |
| Taxes, remuneration and social security | 45 | €406,684 | €454,121 | +€47,438 | +11.7% |
| Taxes | 450/3 | €269,678 | €283,867 | +€14,189 | +5.3% |
| Remuneration and social security | 454/9 | €137,006 | €170,254 | +€33,249 | +24.3% |
| Remuneration, social security and pensions | 62 | €741,108 | €737,615 | -€3,493 | -0.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €388,282 | €487,456 | +€99,174 | +25.5% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €83,796 | €65,494 | -€18,303 | -21.8% |
| Other operating charges | 640/8 | €4,284 | €3,765 | -€520 | -12.1% |
| Gross operating margin | 9900 | €1,311,310 | €622,387 | -€688,923 | -52.5% |
| Operating profit (loss) | 9901 | €93,839 | -€671,942 | -€765,781 | |
| Financial income | 75/76B | €278 | €9,749 | +€9,472 | +3,413% |
| Recurring financial income | 75 | €278 | €9,749 | +€9,472 | +3,413% |
| Financial charges | 65/66B | €84,054 | €176,586 | +€92,532 | +110% |
| Recurring financial charges | 65 | €84,054 | €81,587 | -€2,467 | -2.9% |
| Non-recurring financial charges | 66B | - | €94,999 | +€94,999 | |
| Profit (loss) for the period before taxes | 9903 | €10,063 | -€838,778 | -€848,841 | |
| Income taxes | 67/77 | €1,453 | €653 | -€800 | -55.0% |
| Profit (loss) for the period | 9904 | €8,610 | -€839,432 | -€848,041 | |
| Profit (loss) for the period to be appropriated | 9905 | €8,610 | -€839,432 | -€848,041 |
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 29 October 2026 via checked.be.