DR. SONJA SAISON: 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. SONJA SAISON
Largest movements
- Cash -€123,241
down €123,241 (-69.6%), from €177,111 to €53,870
mainly Current investments (-€119,999) and Contributions, distributions and other (-€67,287)
- Current investments +€119,999
up €119,999 (+200%), from €59,999 to €179,999
- Receivables within one year +€39,545
up €39,545 (+20.1%), from €196,520 to €236,065
of which Trade receivables: +€46,685
- Tangible fixed assets +€23,923
up €23,923 (+365%), from €6,545 to €30,468
of which Other tangible fixed assets: +€21,525
- Reserves +€64,606
up €64,606 (+15.3%), from €422,982 to €487,588
- Financial income +€9,656
up €9,656 (+476%), from €2,029 to €11,685
of which Non-recurring financial income: +€8,739
- Taxes +€6,096
up €6,096 (+10.9%), from €56,002 to €62,098
- Depreciation +€2,565
up €2,565 (+144%), from €1,780 to €4,345
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 | €441,830 | €501,784 | +€59,954 | +13.6% |
| Fixed assets | 21/28 | €6,545 | €30,468 | +€23,923 | +365% |
| Tangible fixed assets | 22/27 | €6,545 | €30,468 | +€23,923 | +365% |
| Plant, machinery and equipment | 23 | €613 | €357 | -€256 | -41.8% |
| Furniture and vehicles | 24 | €2,242 | €4,896 | +€2,654 | +118% |
| Other tangible fixed assets | 26 | €3,690 | €25,215 | +€21,525 | +583% |
| Current assets | 29/58 | €435,285 | €471,316 | +€36,031 | +8.3% |
| Amounts receivable within one year | 40/41 | €196,520 | €236,065 | +€39,545 | +20.1% |
| Trade receivables | 40 | €21,889 | €68,573 | +€46,685 | +213% |
| Other amounts receivable | 41 | €174,631 | €167,491 | -€7,140 | -4.1% |
| Current investments | 50/53 | €59,999 | €179,999 | +€119,999 | +200% |
| Cash at bank and in hand | 54/58 | €177,111 | €53,870 | -€123,241 | -69.6% |
| Deferred charges and accrued income | 490/1 | €1,654 | €1,383 | -€272 | -16.4% |
| Total equity and liabilities | 10/49 | €441,830 | €501,784 | +€59,954 | +13.6% |
| Equity | 10/15 | €435,382 | €499,988 | +€64,606 | +14.8% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €422,982 | €487,588 | +€64,606 | +15.3% |
| Distributable reserves | 133 | €422,982 | €487,588 | +€64,606 | +15.3% |
| Amounts payable | 17/49 | €6,448 | €1,795 | -€4,652 | -72.2% |
| Amounts payable within one year | 42/48 | €6,448 | €1,795 | -€4,652 | -72.2% |
| Trade debts | 44 | €1,657 | €402 | -€1,255 | -75.7% |
| Suppliers | 440/4 | €1,657 | €402 | -€1,255 | -75.7% |
| Taxes, remuneration and social security | 45 | €4,790 | - | -€4,790 | |
| Taxes | 450/3 | €4,790 | - | -€4,790 | |
| Other amounts payable | 47/48 | - | €1,393 | +€1,393 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,780 | €4,345 | +€2,565 | +144% |
| Other operating charges | 640/8 | €786 | €636 | -€150 | -19.1% |
| Gross operating margin | 9900 | €187,218 | €189,036 | +€1,817 | +1.0% |
| Operating profit (loss) | 9901 | €184,653 | €184,055 | -€598 | -0.3% |
| Financial income | 75/76B | €2,029 | €11,685 | +€9,656 | +476% |
| Recurring financial income | 75 | €2,029 | €2,947 | +€917 | +45.2% |
| Non-recurring financial income | 76B | - | €8,739 | +€8,739 | |
| Financial charges | 65/66B | €2,192 | €1,749 | -€443 | -20.2% |
| Recurring financial charges | 65 | €2,192 | €1,749 | -€443 | -20.2% |
| Profit (loss) for the period before taxes | 9903 | €184,490 | €193,991 | +€9,501 | +5.1% |
| Income taxes | 67/77 | €56,002 | €62,098 | +€6,096 | +10.9% |
| Profit (loss) for the period | 9904 | €128,487 | €131,893 | +€3,405 | +2.7% |
| Profit (loss) for the period to be appropriated | 9905 | €128,487 | €131,893 | +€3,405 | +2.7% |
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 27 October 2026 via checked.be.