FILIP SADONIS: 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.
FILIP SADONIS
Largest movements
- Tangible fixed assets -€22,527
down €22,527 (-3.6%), from €620,455 to €597,928
of which Other tangible fixed assets: -€13,374
- Cash +€7,164
up €7,164 (+34.8%), from €20,598 to €27,762
mainly Depreciation (+€22,527) and Tax, wage and social debts (+€9,686)
- Debts after one year -€30,039
down €30,039 (-5.3%), from €562,111 to €532,072
of which Financial debts: -€31,701
- Tax, wage and social debts +€9,686
up €9,686 (+197%), from €4,926 to €14,612
of which Taxes: +€10,013
- Reserves +€6,900
up €6,900 (+16.5%), from €41,804 to €48,704
- Gross operating margin +€5,260
up €5,260 (+9.9%), from €53,317 to €58,578
- Taxes +€2,529
up €2,529 (+119%), from €2,130 to €4,659
- Financial income -€1,801
down €1,801 (-100%), from €1,801 to €0
- Financial charges -€1,042
down €1,042 (-4.8%), from €21,910 to €20,868
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 | €651,069 | €642,325 | -€8,744 | -1.3% |
| Fixed assets | 21/28 | €620,455 | €597,928 | -€22,527 | -3.6% |
| Tangible fixed assets | 22/27 | €620,455 | €597,928 | -€22,527 | -3.6% |
| Land and buildings | 22 | €264,721 | €257,686 | -€7,035 | -2.7% |
| Furniture and vehicles | 24 | €5,389 | €3,272 | -€2,117 | -39.3% |
| Leasing and similar rights | 25 | €0 | - | = | |
| Other tangible fixed assets | 26 | €350,345 | €336,970 | -€13,374 | -3.8% |
| Current assets | 29/58 | €30,614 | €44,397 | +€13,783 | +45.0% |
| Amounts receivable within one year | 40/41 | €7,630 | €14,100 | +€6,470 | +84.8% |
| Trade receivables | 40 | €7,260 | €12,100 | +€4,840 | +66.7% |
| Other amounts receivable | 41 | €370 | €2,000 | +€1,630 | +441% |
| Cash at bank and in hand | 54/58 | €20,598 | €27,762 | +€7,164 | +34.8% |
| Deferred charges and accrued income | 490/1 | €2,387 | €2,535 | +€149 | +6.2% |
| Total equity and liabilities | 10/49 | €651,069 | €642,325 | -€8,744 | -1.3% |
| Equity | 10/15 | €46,804 | €53,704 | +€6,900 | +14.7% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €41,804 | €48,704 | +€6,900 | +16.5% |
| Distributable reserves | 133 | €41,804 | €48,704 | +€6,900 | +16.5% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €604,265 | €588,621 | -€15,643 | -2.6% |
| Amounts payable after more than one year | 17 | €562,111 | €532,072 | -€30,039 | -5.3% |
| Financial debts | 170/4 | €464,014 | €432,314 | -€31,701 | -6.8% |
| Other amounts payable | 178/9 | €98,097 | €99,759 | +€1,662 | +1.7% |
| Amounts payable within one year | 42/48 | €41,777 | €56,134 | +€14,358 | +34.4% |
| Current portion of amounts payable after more than one year | 42 | €30,890 | €31,701 | +€811 | +2.6% |
| Financial debts | 43 | €2,500 | €6,000 | +€3,500 | +140% |
| Credit institutions | 430/8 | €2,500 | €6,000 | +€3,500 | +140% |
| Trade debts | 44 | €2,627 | €2,963 | +€336 | +12.8% |
| Suppliers | 440/4 | €2,627 | €2,963 | +€336 | +12.8% |
| Taxes, remuneration and social security | 45 | €4,926 | €14,612 | +€9,686 | +197% |
| Taxes | 450/3 | €3,839 | €13,852 | +€10,013 | +261% |
| Remuneration and social security | 454/9 | €1,087 | €760 | -€327 | -30.1% |
| Other amounts payable | 47/48 | €833 | €859 | +€26 | +3.1% |
| Accrued charges and deferred income | 492/3 | €377 | €414 | +€38 | +10.0% |
| Non-recurring operating income | 76A | €11,647 | €0 | -€11,647 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €22,422 | €22,527 | +€104 | +0.5% |
| Other operating charges | 640/8 | €3,212 | €2,765 | -€446 | -13.9% |
| Gross operating margin | 9900 | €53,317 | €58,578 | +€5,260 | +9.9% |
| Operating profit (loss) | 9901 | €27,683 | €33,286 | +€5,602 | +20.2% |
| Financial income | 75/76B | €1,801 | €0 | -€1,801 | -100% |
| Recurring financial income | 75 | €1,801 | €0 | -€1,801 | -100% |
| Financial charges | 65/66B | €21,910 | €20,868 | -€1,042 | -4.8% |
| Recurring financial charges | 65 | €21,910 | €20,868 | -€1,042 | -4.8% |
| Profit (loss) for the period before taxes | 9903 | €7,574 | €12,418 | +€4,844 | +63.9% |
| Income taxes | 67/77 | €2,130 | €4,659 | +€2,529 | +119% |
| Profit (loss) for the period | 9904 | €5,444 | €7,759 | +€2,314 | +42.5% |
| Profit (loss) for the period to be appropriated | 9905 | €5,444 | €7,759 | +€2,314 | +42.5% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 17 October 2026 via checked.be.