SONETAS: 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.
SONETAS
Largest movements
- Receivables within one year +€203,416
up €203,416 (+32.7%), from €622,683 to €826,098
of which Trade receivables: +€203,893
- Cash -€145,272
down €145,272 (-32.3%), from €449,884 to €304,613
mainly Investment in fixed assets (net) (-€869,231) and Other debts (-€221,459)
- Intangible fixed assets +€133,114
up €133,114 (+19.4%), from €686,762 to €819,876
- Profit (loss) carried forward +€244,893
new in 2025: €244,893
- Other debts -€221,459
down €221,459 (-94.5%), from €234,407 to €12,948
- Short-term financial debts +€160,772
new in 2025: €160,772
- Trade debts -€27,007
down €27,007 (-13.5%), from €200,127 to €173,120
- Depreciation +€290,395
up €290,395 (+64.3%), from €451,382 to €741,777
- Gross operating margin +€259,049
up €259,049 (+20.8%), from €1.2m to €1.5m
- Taxes +€47,142
new in 2025: €47,142
- Staff costs +€32,800
up €32,800 (+8.0%), from €412,057 to €444,857
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 | €1,823,905 | €2,000,668 | +€176,763 | +9.7% |
| Fixed assets | 21/28 | €732,773 | €860,227 | +€127,454 | +17.4% |
| Intangible fixed assets | 21 | €686,762 | €819,876 | +€133,114 | +19.4% |
| Tangible fixed assets | 22/27 | €27,500 | €21,839 | -€5,661 | -20.6% |
| Furniture and vehicles | 24 | €27,500 | €21,839 | -€5,661 | -20.6% |
| Financial fixed assets | 28 | €18,511 | €18,511 | = | 0.0% |
| Current assets | 29/58 | €1,091,132 | €1,140,441 | +€49,309 | +4.5% |
| Amounts receivable within one year | 40/41 | €622,683 | €826,098 | +€203,416 | +32.7% |
| Trade receivables | 40 | €622,205 | €826,098 | +€203,893 | +32.8% |
| Other amounts receivable | 41 | €477 | - | -€477 | |
| Cash at bank and in hand | 54/58 | €449,884 | €304,613 | -€145,272 | -32.3% |
| Deferred charges and accrued income | 490/1 | €18,566 | €9,730 | -€8,836 | -47.6% |
| Total equity and liabilities | 10/49 | €1,823,905 | €2,000,668 | +€176,763 | +9.7% |
| Equity | 10/15 | €1,175,658 | €1,420,551 | +€244,893 | +20.8% |
| Contributions | 10/11 | €75,000 | €75,000 | = | 0.0% |
| Capital | 10 | €75,000 | €75,000 | = | 0.0% |
| Issued capital | 100 | €75,000 | €75,000 | = | 0.0% |
| Reserves | 13 | €1,100,658 | €1,100,658 | = | 0.0% |
| Non-distributable reserves | 130/1 | €7,500 | €7,500 | = | 0.0% |
| Legal reserve | 130 | €7,500 | €7,500 | = | 0.0% |
| Distributable reserves | 133 | €1,093,158 | €1,093,158 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | €244,893 | +€244,893 | |
| Amounts payable | 17/49 | €648,247 | €580,117 | -€68,130 | -10.5% |
| Amounts payable within one year | 42/48 | €587,599 | €517,323 | -€70,276 | -12.0% |
| Financial debts | 43 | - | €160,772 | +€160,772 | |
| Other loans | 439 | - | €160,772 | +€160,772 | |
| Trade debts | 44 | €200,127 | €173,120 | -€27,007 | -13.5% |
| Suppliers | 440/4 | €200,127 | €173,120 | -€27,007 | -13.5% |
| Taxes, remuneration and social security | 45 | €153,065 | €170,483 | +€17,418 | +11.4% |
| Taxes | 450/3 | €95,060 | €116,368 | +€21,308 | +22.4% |
| Remuneration and social security | 454/9 | €58,005 | €54,115 | -€3,890 | -6.7% |
| Other amounts payable | 47/48 | €234,407 | €12,948 | -€221,459 | -94.5% |
| Accrued charges and deferred income | 492/3 | €60,647 | €62,793 | +€2,146 | +3.5% |
| Remuneration, social security and pensions | 62 | €412,057 | €444,857 | +€32,800 | +8.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €451,382 | €741,777 | +€290,395 | +64.3% |
| Other operating charges | 640/8 | €4,718 | €7,620 | +€2,901 | +61.5% |
| Gross operating margin | 9900 | €1,244,410 | €1,503,459 | +€259,049 | +20.8% |
| Operating profit (loss) | 9901 | €376,253 | €309,205 | -€67,048 | -17.8% |
| Financial income | 75/76B | €2,186 | €2,231 | +€45 | +2.1% |
| Recurring financial income | 75 | €2,186 | €2,231 | +€45 | +2.1% |
| Financial charges | 65/66B | €3,235 | €6,453 | +€3,218 | +99.5% |
| Recurring financial charges | 65 | €3,235 | €6,453 | +€3,218 | +99.5% |
| Profit (loss) for the period before taxes | 9903 | €375,204 | €304,983 | -€70,221 | -18.7% |
| Income taxes | 67/77 | - | €47,142 | +€47,142 | |
| Profit (loss) for the period | 9904 | €375,204 | €257,841 | -€117,363 | -31.3% |
| Profit (loss) for the period to be appropriated | 9905 | €375,204 | €257,841 | -€117,363 | -31.3% |
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.