Koen Sonck: 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.
Koen Sonck
Largest movements
- Stocks and contracts +€30,339
up €30,339 (+44.5%), from €68,132 to €98,471
- Tangible fixed assets -€15,431
down €15,431 (-63.4%), from €24,337 to €8,906
of which Leasing and similar rights: -€8,319
- Cash -€13,424
down €13,424 (-82.6%), from €16,254 to €2,830
mainly Stocks and contracts (-€30,339) and Debts after one year (-€10,092)
- Receivables within one year -€6,430
down €6,430 (-43.2%), from €14,897 to €8,467
of which Trade receivables: -€3,836
- Debts after one year -€10,092
down €10,092 (-100.0%), from €10,092 to €0
- Tax, wage and social debts +€8,035
up €8,035, from €0 to €8,035
- Trade debts -€3,024
down €3,024 (-35.7%), from €8,468 to €5,443
- Profit (loss) carried forward +€2,983
up €2,983 (+5.5%), from €54,351 to €57,333
- Current portion of long-term debt -€2,647
down €2,647 (-20.8%), from €12,739 to €10,092
- Taxes +€1,443
up €1,443 (+169.8%), from €850 to €2,292
- Other operating charges +€1,164
up €1,164 (+51.2%), from €2,272 to €3,436
- Depreciation -€528
down €528 (-3.3%), from €15,959 to €15,431
- Financial charges -€502
down €502 (-54.1%), from €927 to €426
- Gross operating margin -€475
down €475 (-1.9%), from €25,040 to €24,565
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 | €127,652 | €122,907 | -€4,745 | -3.7% |
| Fixed assets | 21/28 | €24,337 | €8,906 | -€15,431 | -63.4% |
| Tangible fixed assets | 22/27 | €24,337 | €8,906 | -€15,431 | -63.4% |
| Plant, machinery and equipment | 23 | €7,871 | €2,191 | -€5,680 | -72.2% |
| Furniture and vehicles | 24 | €2,153 | €721 | -€1,432 | -66.5% |
| Leasing and similar rights | 25 | €14,313 | €5,994 | -€8,319 | -58.1% |
| Current assets | 29/58 | €103,315 | €114,000 | +€10,686 | +10.3% |
| Stocks and contracts in progress | 3 | €68,132 | €98,471 | +€30,339 | +44.5% |
| Stocks | 30/36 | €68,132 | €98,471 | +€30,339 | +44.5% |
| Amounts receivable within one year | 40/41 | €14,897 | €8,467 | -€6,430 | -43.2% |
| Trade receivables | 40 | €3,836 | €0 | -€3,836 | -100.0% |
| Other amounts receivable | 41 | €11,061 | €8,467 | -€2,594 | -23.5% |
| Cash at bank and in hand | 54/58 | €16,254 | €2,830 | -€13,424 | -82.6% |
| Deferred charges and accrued income | 490/1 | €4,032 | €4,232 | +€200 | +5.0% |
| Total equity and liabilities | 10/49 | €127,652 | €122,907 | -€4,745 | -3.7% |
| Equity | 10/15 | €96,354 | €99,337 | +€2,983 | +3.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €23,403 | €23,403 | = | 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% |
| Distributable reserves | 133 | €21,543 | €21,543 | = | 0.0% |
| Profit (loss) carried forward | 14 | €54,351 | €57,333 | +€2,983 | +5.5% |
| Amounts payable | 17/49 | €31,298 | €23,570 | -€7,728 | -24.7% |
| Amounts payable after more than one year | 17 | €10,092 | €0 | -€10,092 | -100.0% |
| Financial debts | 170/4 | €10,092 | €0 | -€10,092 | -100.0% |
| Amounts payable within one year | 42/48 | €21,206 | €23,570 | +€2,364 | +11.1% |
| Current portion of amounts payable after more than one year | 42 | €12,739 | €10,092 | -€2,647 | -20.8% |
| Trade debts | 44 | €8,468 | €5,443 | -€3,024 | -35.7% |
| Suppliers | 440/4 | €8,468 | €5,443 | -€3,024 | -35.7% |
| Taxes, remuneration and social security | 45 | €0 | €8,035 | +€8,035 | |
| Taxes | 450/3 | €0 | €8,035 | +€8,035 | |
| Other amounts payable | 47/48 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,959 | €15,431 | -€528 | -3.3% |
| Other operating charges | 640/8 | €2,272 | €3,436 | +€1,164 | +51.2% |
| Gross operating margin | 9900 | €25,040 | €24,565 | -€475 | -1.9% |
| Operating profit (loss) | 9901 | €6,810 | €5,698 | -€1,112 | -16.3% |
| Financial income | 75/76B | €9 | €3 | -€7 | -72.6% |
| Recurring financial income | 75 | €9 | €3 | -€7 | -72.6% |
| Financial charges | 65/66B | €927 | €426 | -€502 | -54.1% |
| Recurring financial charges | 65 | €927 | €426 | -€502 | -54.1% |
| Profit (loss) for the period before taxes | 9903 | €5,892 | €5,275 | -€617 | -10.5% |
| Income taxes | 67/77 | €850 | €2,292 | +€1,443 | +169.8% |
| Profit (loss) for the period | 9904 | €5,042 | €2,983 | -€2,060 | -40.8% |
| Profit (loss) for the period to be appropriated | 9905 | €5,042 | €2,983 | -€2,060 | -40.8% |
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.