SONDR: 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.
SONDR
Largest movements
- Cash +€85,458
up €85,458 (+61.1%), from €139,815 to €225,274
mainly Net result for the year (+€86,576) and Depreciation (+€46,847)
- Intangible fixed assets -€5,362
down €5,362 (-58.7%), from €9,141 to €3,779
- Reserves +€86,576
up €86,576 (+33.5%), from €258,409 to €344,985
- Tax, wage and social debts -€15,404
down €15,404 (-78.3%), from €19,677 to €4,273
- Accrued charges and deferred income -€6,642
down €6,642 (-12.5%), from €53,285 to €46,642
- Gross operating margin +€104,524
up €104,524 (+180%), from €57,993 to €162,518
- Taxes +€19,269
up €19,269 (+358%), from €5,384 to €24,652
- Depreciation +€16,836
up €16,836 (+56.1%), from €30,010 to €46,847
- Other operating charges +€2,462
up €2,462 (+334%), from €737 to €3,200
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 | €449,278 | €521,957 | +€72,679 | +16.2% |
| Fixed assets | 21/28 | €135,258 | €125,239 | -€10,019 | -7.4% |
| Intangible fixed assets | 21 | €9,141 | €3,779 | -€5,362 | -58.7% |
| Tangible fixed assets | 22/27 | €126,117 | €121,460 | -€4,656 | -3.7% |
| Plant, machinery and equipment | 23 | €85,536 | €86,535 | +€999 | +1.2% |
| Furniture and vehicles | 24 | €2,146 | €1,046 | -€1,100 | -51.3% |
| Other tangible fixed assets | 26 | €38,434 | €33,879 | -€4,555 | -11.9% |
| Current assets | 29/58 | €314,021 | €396,718 | +€82,698 | +26.3% |
| Amounts receivable within one year | 40/41 | €170,791 | €168,724 | -€2,068 | -1.2% |
| Trade receivables | 40 | €165,439 | €165,695 | +€256 | +0.2% |
| Other amounts receivable | 41 | €5,352 | €3,029 | -€2,324 | -43.4% |
| Cash at bank and in hand | 54/58 | €139,815 | €225,274 | +€85,458 | +61.1% |
| Deferred charges and accrued income | 490/1 | €3,414 | €2,720 | -€693 | -20.3% |
| Total equity and liabilities | 10/49 | €449,278 | €521,957 | +€72,679 | +16.2% |
| Equity | 10/15 | €308,409 | €394,985 | +€86,576 | +28.1% |
| Contributions | 10/11 | €50,000 | €50,000 | = | 0.0% |
| Reserves | 13 | €258,409 | €344,985 | +€86,576 | +33.5% |
| Distributable reserves | 133 | €258,409 | €344,985 | +€86,576 | +33.5% |
| Amounts payable | 17/49 | €140,869 | €126,972 | -€13,897 | -9.9% |
| Amounts payable after more than one year | 17 | €9,997 | €11,491 | +€1,494 | +14.9% |
| Financial debts | 170/4 | €9,997 | €11,491 | +€1,494 | +14.9% |
| Amounts payable within one year | 42/48 | €77,587 | €68,839 | -€8,748 | -11.3% |
| Current portion of amounts payable after more than one year | 42 | €5,293 | €8,216 | +€2,922 | +55.2% |
| Financial debts | 43 | €2,041 | €6,973 | +€4,933 | +242% |
| Credit institutions | 430/8 | €2,041 | €0 | -€2,041 | -100% |
| Other loans | 439 | - | €6,973 | +€6,973 | |
| Trade debts | 44 | €30,416 | €29,251 | -€1,165 | -3.8% |
| Suppliers | 440/4 | €30,416 | €29,251 | -€1,165 | -3.8% |
| Taxes, remuneration and social security | 45 | €19,677 | €4,273 | -€15,404 | -78.3% |
| Taxes | 450/3 | €19,677 | €4,273 | -€15,404 | -78.3% |
| Other amounts payable | 47/48 | €20,159 | €20,125 | -€34 | -0.2% |
| Accrued charges and deferred income | 492/3 | €53,285 | €46,642 | -€6,642 | -12.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €30,010 | €46,847 | +€16,836 | +56.1% |
| Other operating charges | 640/8 | €737 | €3,200 | +€2,462 | +334% |
| Gross operating margin | 9900 | €57,993 | €162,518 | +€104,524 | +180% |
| Operating profit (loss) | 9901 | €27,246 | €112,471 | +€85,226 | +313% |
| Financial income | 75/76B | €211 | €9 | -€202 | -96.0% |
| Recurring financial income | 75 | €211 | €9 | -€202 | -96.0% |
| Financial charges | 65/66B | €1,753 | €1,252 | -€501 | -28.6% |
| Recurring financial charges | 65 | €1,753 | €1,252 | -€501 | -28.6% |
| Profit (loss) for the period before taxes | 9903 | €25,704 | €111,228 | +€85,524 | +333% |
| Income taxes | 67/77 | €5,384 | €24,652 | +€19,269 | +358% |
| Profit (loss) for the period | 9904 | €20,320 | €86,576 | +€66,256 | +326% |
| Profit (loss) for the period to be appropriated | 9905 | €20,320 | €86,576 | +€66,256 | +326% |
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 13 October 2026 via checked.be.