SONAF: 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.
SONAF
Largest movements
- Tangible fixed assets -€14,721
no longer reported in 2025 (was €14,721)
- Cash +€5,692
up €5,692 (+49.5%), from €11,497 to €17,190
mainly Investment in fixed assets (net) (+€14,721) and Contributions, distributions and other (+€14,500)
- Receivables within one year +€4,536
up €4,536 (+58.6%), from €7,737 to €12,273
of which Other amounts receivable: +€2,335
- Deferred charges and accrued income +€414
new in 2025: €414
- Reserves +€14,500
up €14,500 (+2338.7%), from €620 to €15,120
of which Distributable reserves: +€14,500
- Debts after one year -€10,964
no longer reported in 2025 (was €10,964)
- Current portion of long-term debt -€4,332
no longer reported in 2025 (was €4,332)
- Profit (loss) carried forward -€2,914
down €2,914 (-16.9%), from €17,224 to €14,310
- Other operating charges +€8,319
up €8,319 (+2147.7%), from €387 to €8,706
- Purchases and services -€6,509
down €6,509 (-15.9%), from €41,022 to €34,513
- Depreciation -€6,482
no longer reported in 2025 (was €6,482)
- Turnover -€6,031
down €6,031 (-13.1%), from €45,879 to €39,848
- Gross operating margin -€2,327
down €2,327 (-27.5%), from €8,463 to €6,136
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 | €33,954 | €29,877 | -€4,078 | -12.0% |
| Fixed assets | 21/28 | €14,721 | - | -€14,721 | |
| Tangible fixed assets | 22/27 | €14,721 | - | -€14,721 | |
| Furniture and vehicles | 24 | €14,721 | - | -€14,721 | |
| Current assets | 29/58 | €19,234 | €29,877 | +€10,643 | +55.3% |
| Amounts receivable within one year | 40/41 | €7,737 | €12,273 | +€4,536 | +58.6% |
| Trade receivables | 40 | - | €2,201 | +€2,201 | |
| Other amounts receivable | 41 | €7,737 | €10,072 | +€2,335 | +30.2% |
| Cash at bank and in hand | 54/58 | €11,497 | €17,190 | +€5,692 | +49.5% |
| Deferred charges and accrued income | 490/1 | - | €414 | +€414 | |
| Total equity and liabilities | 10/49 | €33,954 | €29,877 | -€4,078 | -12.0% |
| Equity | 10/15 | €18,044 | €29,630 | +€11,586 | +64.2% |
| Contributions | 10/11 | €200 | €200 | = | 0.0% |
| Reserves | 13 | €620 | €15,120 | +€14,500 | +2338.7% |
| Non-distributable reserves | 130/1 | €620 | €620 | = | 0.0% |
| Reserves not available under the articles | 1311 | €620 | €620 | = | 0.0% |
| Distributable reserves | 133 | - | €14,500 | +€14,500 | |
| Profit (loss) carried forward | 14 | €17,224 | €14,310 | -€2,914 | -16.9% |
| Amounts payable | 17/49 | €15,911 | €247 | -€15,664 | -98.4% |
| Amounts payable after more than one year | 17 | €10,964 | - | -€10,964 | |
| Financial debts | 170/4 | €10,964 | - | -€10,964 | |
| Amounts payable within one year | 42/48 | €4,947 | €247 | -€4,700 | -95.0% |
| Current portion of amounts payable after more than one year | 42 | €4,332 | - | -€4,332 | |
| Trade debts | 44 | €381 | €247 | -€133 | -35.1% |
| Suppliers | 440/4 | €381 | €247 | -€133 | -35.1% |
| Other amounts payable | 47/48 | €234 | - | -€234 | |
| Turnover | 70 | €45,879 | €39,848 | -€6,031 | -13.1% |
| Goods, raw materials, services and sundry goods | 60/61 | €41,022 | €34,513 | -€6,509 | -15.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,482 | - | -€6,482 | |
| Other operating charges | 640/8 | €387 | €8,706 | +€8,319 | +2147.7% |
| Gross operating margin | 9900 | €8,463 | €6,136 | -€2,327 | -27.5% |
| Operating profit (loss) | 9901 | €1,593 | -€2,570 | -€4,163 | |
| Financial charges | 65/66B | €438 | €344 | -€94 | -21.5% |
| Recurring financial charges | 65 | €438 | €344 | -€94 | -21.5% |
| Profit (loss) for the period before taxes | 9903 | €1,155 | -€2,914 | -€4,069 | |
| Profit (loss) for the period | 9904 | €1,155 | -€2,914 | -€4,069 | |
| Profit (loss) for the period to be appropriated | 9905 | €1,155 | -€2,914 | -€4,069 |
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.