SONADRI: 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.
SONADRI
Largest movements
- Stocks and contracts -€235,069
down €235,069 (-100%), from €235,069 to €0
- Cash +€10,502
up €10,502 (+486%), from €2,162 to €12,664
mainly Stocks and contracts (+€235,069) and Accrued charges and deferred income (+€9,000)
- Current portion of long-term debt -€214,052
down €214,052 (-97.1%), from €220,445 to €6,393
- Profit (loss) carried forward -€11,945
down €11,945 (-29.3%), from -€40,816 to -€52,760
- Accrued charges and deferred income +€9,000
new in 2025: €9,000
- Debts after one year -€6,393
down €6,393 (-8.2%), from €77,855 to €71,462
- Depreciation -€4,294
down €4,294 (-100%), from €4,294 to €0
- Financial charges -€3,752
down €3,752 (-26.7%), from €14,063 to €10,311
- Gross operating margin +€2,496
up €2,496 (+80.9%), from -€3,086 to -€590
- Other operating charges -€463
down €463 (-30.7%), from €1,506 to €1,043
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 | €357,679 | €132,555 | -€225,124 | -62.9% |
| Fixed assets | 21/28 | €119,762 | €119,762 | = | 0.0% |
| Tangible fixed assets | 22/27 | €119,762 | €119,762 | = | 0.0% |
| Land and buildings | 22 | €119,217 | €119,217 | = | 0.0% |
| Furniture and vehicles | 24 | €545 | €545 | = | 0.0% |
| Current assets | 29/58 | €237,916 | €12,792 | -€225,124 | -94.6% |
| Stocks and contracts in progress | 3 | €235,069 | €0 | -€235,069 | -100% |
| Stocks | 30/36 | €235,069 | €0 | -€235,069 | -100% |
| Cash at bank and in hand | 54/58 | €2,162 | €12,664 | +€10,502 | +486% |
| Deferred charges and accrued income | 490/1 | €685 | €128 | -€557 | -81.3% |
| Total equity and liabilities | 10/49 | €357,679 | €132,555 | -€225,124 | -62.9% |
| Equity | 10/15 | -€20,356 | -€32,300 | -€11,945 | -58.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 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 | -€40,816 | -€52,760 | -€11,945 | -29.3% |
| Amounts payable | 17/49 | €378,034 | €164,855 | -€213,179 | -56.4% |
| Amounts payable after more than one year | 17 | €77,855 | €71,462 | -€6,393 | -8.2% |
| Financial debts | 170/4 | €77,855 | €71,462 | -€6,393 | -8.2% |
| Amounts payable within one year | 42/48 | €300,179 | €84,393 | -€215,786 | -71.9% |
| Current portion of amounts payable after more than one year | 42 | €220,445 | €6,393 | -€214,052 | -97.1% |
| Trade debts | 44 | €8 | €1,077 | +€1,069 | +13,333% |
| Suppliers | 440/4 | €8 | €1,077 | +€1,069 | +13,333% |
| Other amounts payable | 47/48 | €79,726 | €76,923 | -€2,803 | -3.5% |
| Accrued charges and deferred income | 492/3 | - | €9,000 | +€9,000 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,294 | €0 | -€4,294 | -100% |
| Other operating charges | 640/8 | €1,506 | €1,043 | -€463 | -30.7% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | -€3,086 | -€590 | +€2,496 | +80.9% |
| Operating profit (loss) | 9901 | -€8,886 | -€1,633 | +€7,253 | +81.6% |
| Financial income | 75/76B | €0 | €0 | -€0 | -100% |
| Recurring financial income | 75 | €0 | €0 | -€0 | -100% |
| Financial charges | 65/66B | €14,063 | €10,311 | -€3,752 | -26.7% |
| Recurring financial charges | 65 | €14,063 | €10,311 | -€3,752 | -26.7% |
| Profit (loss) for the period before taxes | 9903 | -€22,949 | -€11,945 | +€11,005 | +48.0% |
| Profit (loss) for the period | 9904 | -€22,949 | -€11,945 | +€11,005 | +48.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€22,949 | -€11,945 | +€11,005 | +48.0% |
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 16 October 2026 via checked.be.