True 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.
True Sound
Largest movements
- Receivables within one year +€17,263
up €17,263 (+25.1%), from €68,763 to €86,026
of which Other amounts receivable: +€16,310
- Tangible fixed assets +€5,603
new in 2025: €5,603
of which Furniture and vehicles: +€3,136
- Cash +€4,515
up €4,515 (+19.3%), from €23,447 to €27,962
mainly Net result for the year (+€22,899) and Tax, wage and social debts (+€9,953)
- Reserves +€22,066
up €22,066 (+35.4%), from €62,319 to €84,386
- Tax, wage and social debts +€9,953
up €9,953 (+37.3%), from €26,676 to €36,628
- Trade debts -€4,695
down €4,695 (-83.8%), from €5,599 to €905
- Gross operating margin -€50,221
down €50,221 (-63.7%), from €78,854 to €28,633
- Taxes -€9,960
down €9,960 (-55.1%), from €18,061 to €8,100
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 | €95,547 | €123,288 | +€27,741 | +29.0% |
| Fixed assets | 21/28 | - | €5,603 | +€5,603 | |
| Tangible fixed assets | 22/27 | - | €5,603 | +€5,603 | |
| Plant, machinery and equipment | 23 | - | €2,466 | +€2,466 | |
| Furniture and vehicles | 24 | - | €3,136 | +€3,136 | |
| Current assets | 29/58 | €95,547 | €117,685 | +€22,138 | +23.2% |
| Amounts receivable within one year | 40/41 | €68,763 | €86,026 | +€17,263 | +25.1% |
| Trade receivables | 40 | €12,139 | €13,092 | +€953 | +7.9% |
| Other amounts receivable | 41 | €56,624 | €72,934 | +€16,310 | +28.8% |
| Cash at bank and in hand | 54/58 | €23,447 | €27,962 | +€4,515 | +19.3% |
| Deferred charges and accrued income | 490/1 | €3,338 | €3,698 | +€360 | +10.8% |
| Total equity and liabilities | 10/49 | €95,547 | €123,288 | +€27,741 | +29.0% |
| Equity | 10/15 | €62,439 | €84,506 | +€22,066 | +35.3% |
| Contributions | 10/11 | €120 | €120 | = | 0.0% |
| Reserves | 13 | €62,319 | €84,386 | +€22,066 | +35.4% |
| Distributable reserves | 133 | €62,319 | €84,386 | +€22,066 | +35.4% |
| Amounts payable | 17/49 | €33,108 | €38,783 | +€5,675 | +17.1% |
| Amounts payable within one year | 42/48 | €33,108 | €38,366 | +€5,258 | +15.9% |
| Trade debts | 44 | €5,599 | €905 | -€4,695 | -83.8% |
| Suppliers | 440/4 | €5,599 | €905 | -€4,695 | -83.8% |
| Taxes, remuneration and social security | 45 | €26,676 | €36,628 | +€9,953 | +37.3% |
| Taxes | 450/3 | €26,676 | €36,628 | +€9,953 | +37.3% |
| Other amounts payable | 47/48 | €833 | €833 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | - | €417 | +€417 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €474 | +€474 | |
| Other operating charges | 640/8 | €994 | €628 | -€366 | -36.9% |
| Gross operating margin | 9900 | €78,854 | €28,633 | -€50,221 | -63.7% |
| Operating profit (loss) | 9901 | €77,860 | €27,532 | -€50,328 | -64.6% |
| Financial income | 75/76B | €3,406 | €3,617 | +€211 | +6.2% |
| Recurring financial income | 75 | €3,406 | €3,617 | +€211 | +6.2% |
| Financial charges | 65/66B | €53 | €149 | +€97 | +184% |
| Recurring financial charges | 65 | €53 | €149 | +€97 | +184% |
| Profit (loss) for the period before taxes | 9903 | €81,213 | €31,000 | -€50,213 | -61.8% |
| Income taxes | 67/77 | €18,061 | €8,100 | -€9,960 | -55.1% |
| Profit (loss) for the period | 9904 | €63,152 | €22,899 | -€40,253 | -63.7% |
| Profit (loss) for the period to be appropriated | 9905 | €63,152 | €22,899 | -€40,253 | -63.7% |
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 21 October 2026 via checked.be.