JEAN SONIAR: 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.
JEAN SONIAR
Largest movements
- Cash +€300,913
up €300,913 (+9391.3%), from €3,204 to €304,117
mainly Investment in fixed assets (net) (+€224,945) and Net result for the year (+€143,098)
- Tangible fixed assets -€225,868
down €225,868 (-99.9%), from €226,032 to €164
of which Land and buildings: -€224,945
- Stocks and contracts -€29,962
down €29,962 (-24.4%), from €122,762 to €92,800
- Profit (loss) carried forward +€143,098
up €143,098 (+66.2%), from -€216,132 to -€73,035
- Other debts -€86,965
down €86,965 (-82.0%), from €106,054 to €19,090
- Debts after one year -€29,137
down €29,137 (-6.1%), from €473,830 to €444,693
- Trade debts +€18,437
up €18,437 (+209.3%), from €8,807 to €27,244
- Tax, wage and social debts -€4,757
down €4,757 (-88.3%), from €5,386 to €629
- Gross operating margin +€239,915
up €239,915 (+516.4%), from €46,460 to €286,375
- Write-downs +€117,752
new in 2025: €117,752
- Depreciation -€32,781
down €32,781 (-97.3%), from €33,704 to €923
- Other operating charges +€6,105
up €6,105 (+96.2%), from €6,346 to €12,452
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.
Cash bridge derived
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 | €426,829 | €468,168 | +€41,339 | +9.7% |
| Fixed assets | 21/28 | €226,032 | €164 | -€225,868 | -99.9% |
| Tangible fixed assets | 22/27 | €226,032 | €164 | -€225,868 | -99.9% |
| Land and buildings | 22 | €224,945 | - | -€224,945 | |
| Plant, machinery and equipment | 23 | €1,087 | €164 | -€923 | -84.9% |
| Current assets | 29/58 | €200,797 | €468,004 | +€267,206 | +133.1% |
| Stocks and contracts in progress | 3 | €122,762 | €92,800 | -€29,962 | -24.4% |
| Stocks | 30/36 | €122,762 | €92,800 | -€29,962 | -24.4% |
| Amounts receivable within one year | 40/41 | €74,331 | €70,979 | -€3,352 | -4.5% |
| Trade receivables | 40 | €8,581 | €19,956 | +€11,375 | +132.6% |
| Other amounts receivable | 41 | €65,750 | €51,023 | -€14,727 | -22.4% |
| Cash at bank and in hand | 54/58 | €3,204 | €304,117 | +€300,913 | +9391.3% |
| Deferred charges and accrued income | 490/1 | €500 | €107 | -€393 | -78.5% |
| Total equity and liabilities | 10/49 | €426,829 | €468,168 | +€41,339 | +9.7% |
| Equity | 10/15 | -€195,722 | -€52,625 | +€143,098 | +73.1% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€216,132 | -€73,035 | +€143,098 | +66.2% |
| Amounts payable | 17/49 | €622,552 | €520,793 | -€101,759 | -16.3% |
| Amounts payable after more than one year | 17 | €473,830 | €444,693 | -€29,137 | -6.1% |
| Financial debts | 170/4 | €473,830 | €444,693 | -€29,137 | -6.1% |
| Amounts payable within one year | 42/48 | €148,722 | €76,100 | -€72,622 | -48.8% |
| Current portion of amounts payable after more than one year | 42 | €28,474 | €29,137 | +€663 | +2.3% |
| Trade debts | 44 | €8,807 | €27,244 | +€18,437 | +209.3% |
| Suppliers | 440/4 | €8,807 | €27,244 | +€18,437 | +209.3% |
| Taxes, remuneration and social security | 45 | €5,386 | €629 | -€4,757 | -88.3% |
| Taxes | 450/3 | €5,386 | €629 | -€4,757 | -88.3% |
| Other amounts payable | 47/48 | €106,054 | €19,090 | -€86,965 | -82.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €33,704 | €923 | -€32,781 | -97.3% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €117,752 | +€117,752 | |
| Other operating charges | 640/8 | €6,346 | €12,452 | +€6,105 | +96.2% |
| Non-recurring operating charges | 66A | - | €209 | +€209 | |
| Gross operating margin | 9900 | €46,460 | €286,375 | +€239,915 | +516.4% |
| Operating profit (loss) | 9901 | €6,409 | €155,039 | +€148,630 | +2319.1% |
| Financial income | 75/76B | €0 | €58 | +€58 | +577400.0% |
| Recurring financial income | 75 | €0 | €58 | +€58 | +577400.0% |
| Financial charges | 65/66B | €12,571 | €11,999 | -€571 | -4.5% |
| Recurring financial charges | 65 | €12,571 | €11,999 | -€571 | -4.5% |
| Profit (loss) for the period before taxes | 9903 | -€6,162 | €143,098 | +€149,259 | |
| Profit (loss) for the period | 9904 | -€6,162 | €143,098 | +€149,259 | |
| Profit (loss) for the period to be appropriated | 9905 | -€6,162 | €143,098 | +€149,259 |
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 12 October 2026 via checked.be.