FREDERIK VAN SONHOVEN: what changed
FREDERIK VAN SONHOVEN
Largest movements
- Current investments +€876,690
up €876,690 (+1,865%), from €47,000 to €923,690
- Cash -€852,882
down €852,882 (-86.2%), from €989,181 to €136,299
mainly Current investments (-€876,690) and Contributions, distributions and other (-€476,000)
- Receivables after one year -€83,000
down €83,000 (-32.4%), from €256,300 to €173,300
- Tangible fixed assets +€16,987
up €16,987 (+43.6%), from €38,969 to €55,955
of which Plant, machinery and equipment: +€21,109
- Reserves -€127,811
down €127,811 (-11.6%), from €1.1m to €970,707
of which Distributable reserves: -€125,951
- Tax, wage and social debts +€52,345
up €52,345 (+65.9%), from €79,384 to €131,728
- Other debts +€31,081
up €31,081 (+21.1%), from €147,210 to €178,291
- Gross operating margin +€48,647
up €48,647 (+10.5%), from €461,373 to €510,019
- Taxes +€18,640
up €18,640 (+13.2%), from €140,849 to €159,489
- Financial income -€5,895
down €5,895 (-33.6%), from €17,554 to €11,659
- Other operating charges -€5,682
down €5,682 (-72.1%), from €7,879 to €2,197
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,333,830 | €1,291,936 | -€41,894 | -3.1% |
| Fixed assets | 21/28 | €38,969 | €55,955 | +€16,987 | +43.6% |
| Tangible fixed assets | 22/27 | €38,969 | €55,955 | +€16,987 | +43.6% |
| Land and buildings | 22 | €38,739 | €33,631 | -€5,107 | -13.2% |
| Plant, machinery and equipment | 23 | - | €21,109 | +€21,109 | |
| Furniture and vehicles | 24 | €230 | €1,216 | +€985 | +428% |
| Current assets | 29/58 | €1,294,861 | €1,235,981 | -€58,881 | -4.5% |
| Amounts receivable after more than one year | 29 | €256,300 | €173,300 | -€83,000 | -32.4% |
| Other amounts receivable | 291 | €256,300 | €173,300 | -€83,000 | -32.4% |
| Current investments | 50/53 | €47,000 | €923,690 | +€876,690 | +1,865% |
| Cash at bank and in hand | 54/58 | €989,181 | €136,299 | -€852,882 | -86.2% |
| Deferred charges and accrued income | 490/1 | €2,380 | €2,692 | +€312 | +13.1% |
| Total equity and liabilities | 10/49 | €1,333,830 | €1,291,936 | -€41,894 | -3.1% |
| Equity | 10/15 | €1,107,204 | €979,393 | -€127,811 | -11.5% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,098,517 | €970,707 | -€127,811 | -11.6% |
| Non-distributable reserves | 130/1 | €1,860 | - | -€1,860 | |
| Reserves not available under the articles | 1311 | €1,860 | - | -€1,860 | |
| Distributable reserves | 133 | €1,096,657 | €970,707 | -€125,951 | -11.5% |
| Profit (loss) carried forward | 14 | -€9,914 | -€9,914 | = | 0.0% |
| Amounts payable | 17/49 | €226,626 | €312,543 | +€85,916 | +37.9% |
| Amounts payable within one year | 42/48 | €226,626 | €312,543 | +€85,916 | +37.9% |
| Trade debts | 44 | €33 | €2,524 | +€2,491 | +7,597% |
| Suppliers | 440/4 | €33 | €2,524 | +€2,491 | +7,597% |
| Taxes, remuneration and social security | 45 | €79,384 | €131,728 | +€52,345 | +65.9% |
| Taxes | 450/3 | €79,384 | €131,728 | +€52,345 | +65.9% |
| Other amounts payable | 47/48 | €147,210 | €178,291 | +€31,081 | +21.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,273 | €6,720 | +€447 | +7.1% |
| Other operating charges | 640/8 | €7,879 | €2,197 | -€5,682 | -72.1% |
| Gross operating margin | 9900 | €461,373 | €510,019 | +€48,647 | +10.5% |
| Operating profit (loss) | 9901 | €447,221 | €501,102 | +€53,882 | +12.0% |
| Financial income | 75/76B | €17,554 | €11,659 | -€5,895 | -33.6% |
| Recurring financial income | 75 | €17,554 | €11,659 | -€5,895 | -33.6% |
| Financial charges | 65/66B | €3,178 | €5,083 | +€1,905 | +60.0% |
| Recurring financial charges | 65 | €3,178 | €5,083 | +€1,905 | +60.0% |
| Profit (loss) for the period before taxes | 9903 | €461,597 | €507,678 | +€46,082 | +10.0% |
| Income taxes | 67/77 | €140,849 | €159,489 | +€18,640 | +13.2% |
| Profit (loss) for the period | 9904 | €320,747 | €348,189 | +€27,442 | +8.6% |
| Profit (loss) for the period to be appropriated | 9905 | €320,747 | €348,189 | +€27,442 | +8.6% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 5 November 2026 via checked.be.