SoundWorX: 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.
SoundWorX
Largest movements
- Current investments -€30,000
down €30,000 (-33.3%), from €90,000 to €60,000
- Cash +€18,941
up €18,941 (+143%), from €13,286 to €32,227
mainly Current investments (+€30,000) and Net result for the year (+€20,590)
- Receivables within one year +€8,598
up €8,598 (+8.8%), from €97,749 to €106,347
of which Trade receivables: +€9,208
- Tangible fixed assets -€8,582
down €8,582 (-67.3%), from €12,744 to €4,163
of which Plant, machinery and equipment: -€6,612
- Reserves -€31,580
down €31,580 (-20.6%), from €153,372 to €121,792
- Profit (loss) carried forward +€20,590
up €20,590 (+62.3%), from -€33,042 to -€12,452
- Tax, wage and social debts +€2,964
up €2,964 (+60.2%), from €4,924 to €7,888
- Current portion of long-term debt -€2,614
no longer reported in 2025 (was €2,614)
- Gross operating margin +€48,762
up €48,762, from -€16,252 to €32,510
- Depreciation -€3,704
down €3,704 (-29.0%), from €12,782 to €9,078
- Financial charges -€2,205
down €2,205 (-48.5%), from €4,550 to €2,345
- Financial income -€850
down €850 (-60.3%), from €1,409 to €559
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 | €215,057 | €203,645 | -€11,412 | -5.3% |
| Fixed assets | 21/28 | €12,852 | €4,271 | -€8,582 | -66.8% |
| Tangible fixed assets | 22/27 | €12,744 | €4,163 | -€8,582 | -67.3% |
| Plant, machinery and equipment | 23 | €9,547 | €2,936 | -€6,612 | -69.3% |
| Furniture and vehicles | 24 | €2,810 | €969 | -€1,841 | -65.5% |
| Other tangible fixed assets | 26 | €387 | €258 | -€129 | -33.3% |
| Financial fixed assets | 28 | €108 | €108 | = | 0.0% |
| Current assets | 29/58 | €202,204 | €199,374 | -€2,830 | -1.4% |
| Amounts receivable within one year | 40/41 | €97,749 | €106,347 | +€8,598 | +8.8% |
| Trade receivables | 40 | €28,366 | €37,574 | +€9,208 | +32.5% |
| Other amounts receivable | 41 | €69,383 | €68,774 | -€610 | -0.9% |
| Current investments | 50/53 | €90,000 | €60,000 | -€30,000 | -33.3% |
| Cash at bank and in hand | 54/58 | €13,286 | €32,227 | +€18,941 | +143% |
| Deferred charges and accrued income | 490/1 | €1,169 | €800 | -€369 | -31.6% |
| Total equity and liabilities | 10/49 | €215,057 | €203,645 | -€11,412 | -5.3% |
| Equity | 10/15 | €173,330 | €162,340 | -€10,990 | -6.3% |
| Contributions | 10/11 | €53,000 | €53,000 | = | 0.0% |
| Reserves | 13 | €153,372 | €121,792 | -€31,580 | -20.6% |
| Distributable reserves | 133 | €153,372 | €121,792 | -€31,580 | -20.6% |
| Profit (loss) carried forward | 14 | -€33,042 | -€12,452 | +€20,590 | +62.3% |
| Amounts payable | 17/49 | €41,727 | €41,305 | -€422 | -1.0% |
| Amounts payable within one year | 42/48 | €41,727 | €41,305 | -€422 | -1.0% |
| Current portion of amounts payable after more than one year | 42 | €2,614 | - | -€2,614 | |
| Trade debts | 44 | €2,917 | €2,264 | -€654 | -22.4% |
| Suppliers | 440/4 | €2,917 | €2,264 | -€654 | -22.4% |
| Taxes, remuneration and social security | 45 | €4,924 | €7,888 | +€2,964 | +60.2% |
| Taxes | 450/3 | €4,924 | €7,888 | +€2,964 | +60.2% |
| Other amounts payable | 47/48 | €31,272 | €31,154 | -€117 | -0.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,782 | €9,078 | -€3,704 | -29.0% |
| Other operating charges | 640/8 | €568 | €585 | +€18 | +3.2% |
| Gross operating margin | 9900 | -€16,252 | €32,510 | +€48,762 | |
| Operating profit (loss) | 9901 | -€29,601 | €22,847 | +€52,448 | |
| Financial income | 75/76B | €1,409 | €559 | -€850 | -60.3% |
| Recurring financial income | 75 | €1,409 | €559 | -€850 | -60.3% |
| Financial charges | 65/66B | €4,550 | €2,345 | -€2,205 | -48.5% |
| Recurring financial charges | 65 | €4,550 | €2,345 | -€2,205 | -48.5% |
| Profit (loss) for the period before taxes | 9903 | -€32,743 | €21,060 | +€53,803 | |
| Income taxes | 67/77 | €299 | €470 | +€171 | +57.3% |
| Profit (loss) for the period | 9904 | -€33,042 | €20,590 | +€53,632 | |
| Profit (loss) for the period to be appropriated | 9905 | -€33,042 | €20,590 | +€53,632 |
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 25 October 2026 via checked.be.