Marc Sonnaert: 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.
Marc Sonnaert
Largest movements
- Receivables within one year +€3,867
up €3,867 (+72.9%), from €5,306 to €9,173
of which Trade receivables: +€4,148
- Cash -€1,896
down €1,896 (-26.3%), from €7,219 to €5,323
mainly Other debts (-€4,758) and Receivables within one year (-€3,867)
- Tangible fixed assets -€1,410
down €1,410 (-26.6%), from €5,300 to €3,891
of which Furniture and vehicles: -€1,069
- Profit (loss) carried forward +€9,339
up €9,339, from -€9,339 to €0
- Other debts -€4,758
down €4,758 (-25.5%), from €18,665 to €13,907
- Tax, wage and social debts -€2,886
down €2,886 (-100%), from €2,886 to €0
- Trade debts -€1,623
down €1,623 (-51.1%), from €3,179 to €1,555
- Reserves +€386
up €386 (+11.7%), from €3,301 to €3,687
- Gross operating margin +€12,251
up €12,251 (+507%), from €2,417 to €14,668
- Taxes +€1,332
up €1,332 (+766%), from €174 to €1,506
- Financial charges -€488
down €488 (-22.5%), from €2,169 to €1,681
- Depreciation +€308
up €308 (+30.6%), from €1,005 to €1,313
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 | €19,192 | €19,649 | +€457 | +2.4% |
| Fixed assets | 21/28 | €5,900 | €4,491 | -€1,410 | -23.9% |
| Tangible fixed assets | 22/27 | €5,300 | €3,891 | -€1,410 | -26.6% |
| Furniture and vehicles | 24 | €2,754 | €1,685 | -€1,069 | -38.8% |
| Other tangible fixed assets | 26 | €2,546 | €2,206 | -€340 | -13.4% |
| Financial fixed assets | 28 | €600 | €600 | = | 0.0% |
| Current assets | 29/58 | €13,292 | €15,159 | +€1,867 | +14.0% |
| Amounts receivable within one year | 40/41 | €5,306 | €9,173 | +€3,867 | +72.9% |
| Trade receivables | 40 | €3,752 | €7,900 | +€4,148 | +111% |
| Other amounts receivable | 41 | €1,554 | €1,273 | -€281 | -18.1% |
| Cash at bank and in hand | 54/58 | €7,219 | €5,323 | -€1,896 | -26.3% |
| Deferred charges and accrued income | 490/1 | €767 | €663 | -€104 | -13.5% |
| Total equity and liabilities | 10/49 | €19,192 | €19,649 | +€457 | +2.4% |
| Equity | 10/15 | -€5,538 | €4,187 | +€9,725 | |
| Contributions | 10/11 | €500 | €500 | = | 0.0% |
| Reserves | 13 | €3,301 | €3,687 | +€386 | +11.7% |
| Distributable reserves | 133 | €3,301 | €3,687 | +€386 | +11.7% |
| Profit (loss) carried forward | 14 | -€9,339 | €0 | +€9,339 | |
| Amounts payable | 17/49 | €24,730 | €15,462 | -€9,267 | -37.5% |
| Amounts payable within one year | 42/48 | €24,730 | €15,462 | -€9,267 | -37.5% |
| Trade debts | 44 | €3,179 | €1,555 | -€1,623 | -51.1% |
| Suppliers | 440/4 | €3,179 | €1,555 | -€1,623 | -51.1% |
| Taxes, remuneration and social security | 45 | €2,886 | €0 | -€2,886 | -100% |
| Remuneration and social security | 454/9 | €2,886 | €0 | -€2,886 | -100% |
| Other amounts payable | 47/48 | €18,665 | €13,907 | -€4,758 | -25.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,005 | €1,313 | +€308 | +30.6% |
| Other operating charges | 640/8 | €419 | €497 | +€78 | +18.6% |
| Gross operating margin | 9900 | €2,417 | €14,668 | +€12,251 | +507% |
| Operating profit (loss) | 9901 | €994 | €12,859 | +€11,865 | +1,194% |
| Financial income | 75/76B | €0 | €53 | +€53 | |
| Recurring financial income | 75 | €0 | €53 | +€53 | |
| Financial charges | 65/66B | €2,169 | €1,681 | -€488 | -22.5% |
| Recurring financial charges | 65 | €2,169 | €1,681 | -€488 | -22.5% |
| Profit (loss) for the period before taxes | 9903 | -€1,175 | €11,231 | +€12,406 | |
| Income taxes | 67/77 | €174 | €1,506 | +€1,332 | +766% |
| Profit (loss) for the period | 9904 | -€1,349 | €9,725 | +€11,074 | |
| Profit (loss) for the period to be appropriated | 9905 | -€1,349 | €9,725 | +€11,074 |
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 15 October 2026 via checked.be.