SONAPHA: what changed
Two fiscal 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.
SONAPHA
Largest movements
- Receivables within one year +€60,346
up €60,346 (+390.3%), from €15,462 to €75,808
of which Other amounts receivable: +€54,975
- Intangible fixed assets -€33,000
down €33,000 (-30.8%), from €107,250 to €74,250
- Tangible fixed assets -€30,849
down €30,849 (-24.6%), from €125,424 to €94,575
of which Plant, machinery and equipment: -€22,399
- Cash -€30,110
down €30,110 (-26.9%), from €111,903 to €81,793
mainly Contributions, distributions and other (-€94,618) and Receivables within one year (-€60,346)
- Deferred charges and accrued income +€25,910
up €25,910 (+65.8%), from €39,353 to €65,263
- Other debts +€75,405
up €75,405 (+222.2%), from €33,938 to €109,343
- Reserves -€64,475
down €64,475 (-38.9%), from €165,766 to €101,290
- Trade debts +€51,228
up €51,228 (+131.8%), from €38,857 to €90,085
- Debts after one year -€49,112
down €49,112 (-21.1%), from €232,740 to €183,627
- Tax, wage and social debts -€20,151
down €20,151 (-57.3%), from €35,197 to €15,046
of which Taxes: -€14,391
- Gross operating margin +€19,820
up €19,820 (+11.2%), from €177,218 to €197,038
- Taxes +€4,864
up €4,864 (+55.0%), from €8,839 to €13,703
- Depreciation +€4,312
up €4,312 (+6.6%), from €65,519 to €69,832
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 | €573,310 | €568,164 | -€5,146 | -0.9% |
| Formation expenses | 20 | €0 | €0 | = | |
| Fixed assets | 21/28 | €232,724 | €168,875 | -€63,849 | -27.4% |
| Intangible fixed assets | 21 | €107,250 | €74,250 | -€33,000 | -30.8% |
| Tangible fixed assets | 22/27 | €125,424 | €94,575 | -€30,849 | -24.6% |
| Plant, machinery and equipment | 23 | €92,263 | €69,864 | -€22,399 | -24.3% |
| Furniture and vehicles | 24 | €33,161 | €24,711 | -€8,450 | -25.5% |
| Financial fixed assets | 28 | €50 | €50 | = | 0.0% |
| Current assets | 29/58 | €340,587 | €399,289 | +€58,702 | +17.2% |
| Stocks and contracts in progress | 3 | €173,869 | €176,425 | +€2,556 | +1.5% |
| Stocks | 30/36 | €173,869 | €176,425 | +€2,556 | +1.5% |
| Amounts receivable within one year | 40/41 | €15,462 | €75,808 | +€60,346 | +390.3% |
| Trade receivables | 40 | €3,546 | €8,917 | +€5,371 | +151.5% |
| Other amounts receivable | 41 | €11,916 | €66,891 | +€54,975 | +461.3% |
| Cash at bank and in hand | 54/58 | €111,903 | €81,793 | -€30,110 | -26.9% |
| Deferred charges and accrued income | 490/1 | €39,353 | €65,263 | +€25,910 | +65.8% |
| Total equity and liabilities | 10/49 | €573,310 | €568,164 | -€5,146 | -0.9% |
| Equity | 10/15 | €184,366 | €119,890 | -€64,475 | -35.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €165,766 | €101,290 | -€64,475 | -38.9% |
| Distributable reserves | 133 | €165,766 | €101,290 | -€64,475 | -38.9% |
| Amounts payable | 17/49 | €388,945 | €448,274 | +€59,329 | +15.3% |
| Amounts payable after more than one year | 17 | €232,740 | €183,627 | -€49,112 | -21.1% |
| Financial debts | 170/4 | €232,740 | €183,627 | -€49,112 | -21.1% |
| Amounts payable within one year | 42/48 | €156,205 | €263,586 | +€107,381 | +68.7% |
| Current portion of amounts payable after more than one year | 42 | €48,213 | €49,112 | +€899 | +1.9% |
| Trade debts | 44 | €38,857 | €90,085 | +€51,228 | +131.8% |
| Suppliers | 440/4 | €38,857 | €90,085 | +€51,228 | +131.8% |
| Taxes, remuneration and social security | 45 | €35,197 | €15,046 | -€20,151 | -57.3% |
| Taxes | 450/3 | €19,458 | €5,066 | -€14,391 | -74.0% |
| Remuneration and social security | 454/9 | €15,739 | €9,979 | -€5,760 | -36.6% |
| Other amounts payable | 47/48 | €33,938 | €109,343 | +€75,405 | +222.2% |
| Accrued charges and deferred income | 492/3 | - | €1,060 | +€1,060 | |
| Remuneration, social security and pensions | 62 | €62,414 | €61,914 | -€499 | -0.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €65,519 | €69,832 | +€4,312 | +6.6% |
| Other operating charges | 640/8 | €890 | €1,176 | +€286 | +32.1% |
| Gross operating margin | 9900 | €177,218 | €197,038 | +€19,820 | +11.2% |
| Operating profit (loss) | 9901 | €48,395 | €64,117 | +€15,721 | +32.5% |
| Financial income | 75/76B | €80 | €1 | -€80 | -99.4% |
| Recurring financial income | 75 | €80 | €1 | -€80 | -99.4% |
| Financial charges | 65/66B | €21,583 | €20,271 | -€1,312 | -6.1% |
| Recurring financial charges | 65 | €21,583 | €20,271 | -€1,312 | -6.1% |
| Profit (loss) for the period before taxes | 9903 | €26,893 | €43,846 | +€16,953 | +63.0% |
| Income taxes | 67/77 | €8,839 | €13,703 | +€4,864 | +55.0% |
| Profit (loss) for the period | 9904 | €18,054 | €30,143 | +€12,089 | +67.0% |
| Profit (loss) for the period to be appropriated | 9905 | €18,054 | €30,143 | +€12,089 | +67.0% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.