Double Sound records - Company finances
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EUR
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2020
From: 2020-01-01
To: 2020-12-31
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2021
From: 2021-01-01
To: 2021-12-31
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2022
From: 2022-01-01
To: 2022-12-31
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2023
From: 2023-01-01
To: 2023-12-31
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2024
From: 2024-01-01
To: 2024-12-31
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2025
From: 2025-01-01
To: 2025-12-31
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Financial data
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| Sales revenue | 21,750 | 31,400 | 34,021 | 28,750 | 42,437 | 11,976 |
| Profit before tax | - | - | 9,385 | 12,525 | 15,958 | 3,686 |
| Net profit | - | - | 9,385 | 12,525 | 15,958 | 3,686 |
| Equity | 12,580 | 25,401 | 41,100 | 53,625 | 69,584 | 73,269 |
| Liabilities | 0 | -14,445 | -15,862 | -12,550 | -10,133 | -8,133 |
| Non-current assets | 0 | 0 | 0 | 0 | 0 | - |
| Current assets | 12,580 | 10,956 | 25,238 | 41,075 | 59,451 | - |
| Total assets | 12,580 | 10,956 | 25,238 | 41,075 | 59,451 | 0 |
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Financial indicators
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| Revenue change y/y | - | +44.4% | +8.3% | -15.5% | +47.6% | -71.8% |
| ROA Return on Assets (ROA). The ratio of net profit to assets. Indicates the company's efficiency. | - | - | 37.2% | 30.5% | 26.8% | - |
| ROE Return on equity. The ratio of net profit to equity. Shows the return to shareholders. | - | - | 22.8% | 23.4% | 22.9% | 5.0% |
| Profit margin Net profit margin. Shows the overall profitability of the company. | - | - | 27.6% | 43.6% | 37.6% | 30.8% |
| EBT% EBT (Earnings Before Taxes) to revenue ratio. Shows the overall profitability of the company. | - | - | 27.6% | 43.6% | 37.6% | 30.8% |
| Liabilities/Equity The debt-to-equity ratio shows the company's capital structure. | - | - | - | - | - | - |
| Revenue per employee Ratio of revenue to the average annual number of employees. Indicates company efficiency. | - | - | - | - | - | - |
Sales revenue
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Double Sound records - Social security debts
The company had no debts to Sodra
Double Sound records - VMI tax arrears
The company had no tax arrears (debts) to the State Tax Inspectorate
VMI debt information has been collected since 2024-10-07. Debts for older periods will not be displayed.
Analysis of the company's financial position
This description was generated by artificial intelligence.
Report if inaccurate.
Double Sound records, VšI (code 302795205) is a Lithuanian public institution operating in activities of performing arts. In 2025, it generated €12.0K in revenue, which was 71.8% lower than in 2024 and 58.3% below the 2023 level of €28.8K. Net profit remained positive at €3.7K in 2025, after €16.0K in 2024 and €12.5K in 2023, showing a clear decline in absolute earnings as turnover weakened. The profit margin for 2025 was 30.8%, compared with 37.6% in 2024 and 43.6% in 2023. Equity increased to €73.3K at the end of 2025, while reported liabilities were -€8.1K. In earlier years, total assets rose from €41.1K in 2023 to €59.5K in 2024, alongside equity growing from €53.6K to €69.6K. The latest ratios point to a still solid capital base, with ROE at 5.0% and debt-to-equity at -0.11, although the business operated on a much smaller revenue base in 2025.