STUDIO SOUND: 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.
STUDIO SOUND
Largest movements
- Receivables within one year -€39,004
down €39,004 (-85.6%), from €45,549 to €6,545
of which Trade receivables: -€39,161
- Cash +€11,944
up €11,944 (+68.2%), from €17,517 to €29,461
mainly Receivables within one year (+€39,004) and Depreciation (+€9,620)
- Tangible fixed assets -€4,924
down €4,924 (-21.6%), from €22,805 to €17,880
of which Furniture and vehicles: -€3,242
- Deferred charges and accrued income +€2,463
up €2,463 (+58.7%), from €4,198 to €6,661
- Profit (loss) carried forward -€10,671
down €10,671 (-149%), from -€7,158 to -€17,829
- Trade debts -€7,262
down €7,262 (-25.7%), from €28,277 to €21,015
- Debts after one year -€6,186
down €6,186 (-10.1%), from €61,521 to €55,335
- Tax, wage and social debts -€4,858
down €4,858 (-24.9%), from €19,504 to €14,646
of which Taxes: -€5,021
- Other debts -€3,062
down €3,062 (-38.4%), from €7,982 to €4,920
- Other operating charges +€7,133
up €7,133 (+459%), from €1,554 to €8,688
- Gross operating margin +€1,669
up €1,669 (+3.3%), from €50,523 to €52,192
- Depreciation +€1,096
up €1,096 (+12.9%), from €8,524 to €9,620
- Financial income +€878
up €878 (+595%), from €147 to €1,025
- Write-downs -€748
new in 2025: -€748
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 | €208,937 | €178,022 | -€30,916 | -14.8% |
| Fixed assets | 21/28 | €29,109 | €22,790 | -€6,319 | -21.7% |
| Tangible fixed assets | 22/27 | €22,805 | €17,880 | -€4,924 | -21.6% |
| Land and buildings | 22 | €6,077 | €5,068 | -€1,008 | -16.6% |
| Plant, machinery and equipment | 23 | €1,792 | €1,118 | -€674 | -37.6% |
| Furniture and vehicles | 24 | €14,936 | €11,694 | -€3,242 | -21.7% |
| Financial fixed assets | 28 | €6,305 | €4,910 | -€1,395 | -22.1% |
| Current assets | 29/58 | €179,828 | €155,232 | -€24,597 | -13.7% |
| Stocks and contracts in progress | 3 | €112,560 | €112,560 | = | 0.0% |
| Stocks | 30/36 | €112,560 | €112,560 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €45,549 | €6,545 | -€39,004 | -85.6% |
| Trade receivables | 40 | €45,549 | €6,388 | -€39,161 | -86.0% |
| Other amounts receivable | 41 | - | €157 | +€157 | |
| Current investments | 50/53 | €5 | €5 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €17,517 | €29,461 | +€11,944 | +68.2% |
| Deferred charges and accrued income | 490/1 | €4,198 | €6,661 | +€2,463 | +58.7% |
| Total equity and liabilities | 10/49 | €208,937 | €178,022 | -€30,916 | -14.8% |
| Equity | 10/15 | €82,639 | €71,968 | -€10,671 | -12.9% |
| Contributions | 10/11 | €48,959 | €48,959 | = | 0.0% |
| Reserves | 13 | €40,838 | €40,838 | = | 0.0% |
| Tax-exempt reserves | 132 | €11,200 | €11,200 | = | 0.0% |
| Distributable reserves | 133 | €29,638 | €29,638 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€7,158 | -€17,829 | -€10,671 | -149% |
| Amounts payable | 17/49 | €126,299 | €106,053 | -€20,245 | -16.0% |
| Amounts payable after more than one year | 17 | €61,521 | €55,335 | -€6,186 | -10.1% |
| Financial debts | 170/4 | €61,521 | €55,335 | -€6,186 | -10.1% |
| Amounts payable within one year | 42/48 | €64,777 | €48,471 | -€16,306 | -25.2% |
| Current portion of amounts payable after more than one year | 42 | €5,958 | €6,186 | +€228 | +3.8% |
| Trade debts | 44 | €28,277 | €21,015 | -€7,262 | -25.7% |
| Suppliers | 440/4 | €28,277 | €21,015 | -€7,262 | -25.7% |
| Advances received on contracts in progress | 46 | €3,056 | €1,704 | -€1,352 | -44.2% |
| Taxes, remuneration and social security | 45 | €19,504 | €14,646 | -€4,858 | -24.9% |
| Taxes | 450/3 | €14,628 | €9,607 | -€5,021 | -34.3% |
| Remuneration and social security | 454/9 | €4,876 | €5,038 | +€162 | +3.3% |
| Other amounts payable | 47/48 | €7,982 | €4,920 | -€3,062 | -38.4% |
| Accrued charges and deferred income | 492/3 | - | €2,247 | +€2,247 | |
| Remuneration, social security and pensions | 62 | €40,481 | €40,979 | +€498 | +1.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,524 | €9,620 | +€1,096 | +12.9% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | -€748 | -€748 | |
| Other operating charges | 640/8 | €1,554 | €8,688 | +€7,133 | +459% |
| Gross operating margin | 9900 | €50,523 | €52,192 | +€1,669 | +3.3% |
| Operating profit (loss) | 9901 | -€36 | -€6,347 | -€6,311 | -17,613% |
| Financial income | 75/76B | €147 | €1,025 | +€878 | +595% |
| Recurring financial income | 75 | €147 | €1,025 | +€878 | +595% |
| Financial charges | 65/66B | €4,764 | €5,349 | +€585 | +12.3% |
| Recurring financial charges | 65 | €4,764 | €5,349 | +€585 | +12.3% |
| Profit (loss) for the period before taxes | 9903 | -€4,653 | -€10,671 | -€6,018 | -129% |
| Profit (loss) for the period | 9904 | -€4,653 | -€10,671 | -€6,018 | -129% |
| Profit (loss) for the period to be appropriated | 9905 | -€4,653 | -€10,671 | -€6,018 | -129% |
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.