Dr H. Sonnemans: 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.
Dr H. Sonnemans
Largest movements
- Cash +€42,296
up €42,296 (+34.4%), from €122,927 to €165,223
mainly Net result for the year (+€98,197) and Receivables within one year (+€40,101)
- Receivables within one year -€40,101
down €40,101 (-9.2%), from €435,097 to €394,996
of which Other amounts receivable: -€49,979
- Tangible fixed assets -€9,687
down €9,687 (-6.0%), from €160,952 to €151,266
- Reserves +€7,233
up €7,233 (+1.1%), from €676,440 to €683,673
of which Distributable reserves: +€7,233
- Gross operating margin -€81,957
down €81,957 (-36.4%), from €224,910 to €142,953
- Taxes -€22,849
down €22,849 (-32.5%), from €70,399 to €47,550
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 | €718,976 | €711,485 | -€7,492 | -1.0% |
| Fixed assets | 21/28 | €160,952 | €151,266 | -€9,687 | -6.0% |
| Tangible fixed assets | 22/27 | €160,952 | €151,266 | -€9,687 | -6.0% |
| Land and buildings | 22 | €160,952 | €151,266 | -€9,687 | -6.0% |
| Current assets | 29/58 | €558,024 | €560,219 | +€2,195 | +0.4% |
| Amounts receivable within one year | 40/41 | €435,097 | €394,996 | -€40,101 | -9.2% |
| Trade receivables | 40 | €22,239 | €32,118 | +€9,879 | +44.4% |
| Other amounts receivable | 41 | €412,858 | €362,879 | -€49,979 | -12.1% |
| Cash at bank and in hand | 54/58 | €122,927 | €165,223 | +€42,296 | +34.4% |
| Total equity and liabilities | 10/49 | €718,976 | €711,485 | -€7,492 | -1.0% |
| Equity | 10/15 | €688,840 | €696,073 | +€7,233 | +1.0% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €676,440 | €683,673 | +€7,233 | +1.1% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €674,580 | €681,813 | +€7,233 | +1.1% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €30,136 | €15,412 | -€14,724 | -48.9% |
| Amounts payable after more than one year | 17 | €7,154 | €0 | -€7,154 | -100% |
| Financial debts | 170/4 | €7,154 | €0 | -€7,154 | -100% |
| Amounts payable within one year | 42/48 | €22,982 | €15,412 | -€7,570 | -32.9% |
| Current portion of amounts payable after more than one year | 42 | €14,211 | €7,154 | -€7,057 | -49.7% |
| Trade debts | 44 | €2,786 | €2,272 | -€514 | -18.4% |
| Suppliers | 440/4 | €2,786 | €2,272 | -€514 | -18.4% |
| Taxes, remuneration and social security | 45 | €5,985 | €5,985 | = | 0.0% |
| Taxes | 450/3 | €5,985 | €5,985 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,794 | €14,197 | +€403 | +2.9% |
| Other operating charges | 640/8 | €6,840 | €4,674 | -€2,165 | -31.7% |
| Gross operating margin | 9900 | €224,910 | €142,953 | -€81,957 | -36.4% |
| Operating profit (loss) | 9901 | €204,277 | €124,082 | -€80,195 | -39.3% |
| Financial income | 75/76B | €21,643 | €22,107 | +€464 | +2.1% |
| Recurring financial income | 75 | €21,643 | €22,107 | +€464 | +2.1% |
| Financial charges | 65/66B | €546 | €442 | -€104 | -19.0% |
| Recurring financial charges | 65 | €546 | €442 | -€104 | -19.0% |
| Profit (loss) for the period before taxes | 9903 | €225,374 | €145,747 | -€79,627 | -35.3% |
| Income taxes | 67/77 | €70,399 | €47,550 | -€22,849 | -32.5% |
| Profit (loss) for the period | 9904 | €154,975 | €98,197 | -€56,779 | -36.6% |
| Profit (loss) for the period to be appropriated | 9905 | €154,975 | €98,197 | -€56,779 | -36.6% |
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.