SOUNDSPOT: 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.
SOUNDSPOT
Largest movements
- Tangible fixed assets -€43,899
down €43,899 (-5.7%), from €767,964 to €724,065
of which Land and buildings: -€42,366
- Receivables within one year +€9,294
up €9,294 (+30.1%), from €30,896 to €40,190
of which Trade receivables: +€6,703
- Debts after one year -€55,000
down €55,000 (-11.3%), from €485,000 to €430,000
- Reserves +€20,394
up €20,394 (+26.7%), from €76,510 to €96,904
- Gross operating margin +€2,491
up €2,491 (+3.2%), from €77,110 to €79,601
- Taxes +€2,109
new in 2025: €2,109
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 | €817,340 | €781,042 | -€36,298 | -4.4% |
| Fixed assets | 21/28 | €767,964 | €724,065 | -€43,899 | -5.7% |
| Tangible fixed assets | 22/27 | €767,964 | €724,065 | -€43,899 | -5.7% |
| Land and buildings | 22 | €753,053 | €710,687 | -€42,366 | -5.6% |
| Furniture and vehicles | 24 | €14,911 | €13,378 | -€1,533 | -10.3% |
| Current assets | 29/58 | €49,377 | €56,977 | +€7,600 | +15.4% |
| Amounts receivable within one year | 40/41 | €30,896 | €40,190 | +€9,294 | +30.1% |
| Trade receivables | 40 | €30,096 | €36,799 | +€6,703 | +22.3% |
| Other amounts receivable | 41 | €800 | €3,391 | +€2,591 | +324% |
| Cash at bank and in hand | 54/58 | €16,858 | €15,165 | -€1,693 | -10.0% |
| Deferred charges and accrued income | 490/1 | €1,622 | €1,622 | -€1 | 0.0% |
| Total equity and liabilities | 10/49 | €817,340 | €781,042 | -€36,298 | -4.4% |
| Equity | 10/15 | €300,910 | €321,304 | +€20,394 | +6.8% |
| Contributions | 10/11 | €224,400 | €224,400 | = | 0.0% |
| Reserves | 13 | €76,510 | €96,904 | +€20,394 | +26.7% |
| Distributable reserves | 133 | €76,510 | €96,904 | +€20,394 | +26.7% |
| Amounts payable | 17/49 | €516,430 | €459,737 | -€56,692 | -11.0% |
| Amounts payable after more than one year | 17 | €485,000 | €430,000 | -€55,000 | -11.3% |
| Financial debts | 170/4 | €485,000 | €430,000 | -€55,000 | -11.3% |
| Amounts payable within one year | 42/48 | €31,430 | €29,737 | -€1,692 | -5.4% |
| Trade debts | 44 | €9,804 | €9,738 | -€65 | -0.7% |
| Suppliers | 440/4 | €9,804 | €9,738 | -€65 | -0.7% |
| Taxes, remuneration and social security | 45 | €16,036 | €15,155 | -€881 | -5.5% |
| Taxes | 450/3 | €16,036 | €15,155 | -€881 | -5.5% |
| Other amounts payable | 47/48 | €5,590 | €4,844 | -€746 | -13.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €43,899 | €43,899 | = | 0.0% |
| Other operating charges | 640/8 | €8,186 | €8,510 | +€325 | +4.0% |
| Gross operating margin | 9900 | €77,110 | €79,601 | +€2,491 | +3.2% |
| Operating profit (loss) | 9901 | €25,026 | €27,192 | +€2,166 | +8.7% |
| Financial charges | 65/66B | €5,438 | €4,689 | -€749 | -13.8% |
| Recurring financial charges | 65 | €5,438 | €4,689 | -€749 | -13.8% |
| Profit (loss) for the period before taxes | 9903 | €19,588 | €22,503 | +€2,915 | +14.9% |
| Income taxes | 67/77 | - | €2,109 | +€2,109 | |
| Profit (loss) for the period | 9904 | €19,588 | €20,394 | +€806 | +4.1% |
| Profit (loss) for the period to be appropriated | 9905 | €19,588 | €20,394 | +€806 | +4.1% |
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 19 October 2026 via checked.be.