SONHAR: 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.
SONHAR
Largest movements
- Tangible fixed assets -€61,080
down €61,080 (-4.8%), from €1.3m to €1.2m
of which Land and buildings: -€39,298
- Cash +€24,589
up €24,589 (+157.3%), from €15,632 to €40,221
mainly Current portion of long-term debt (+€110,647) and Depreciation (+€62,614)
- Current portion of long-term debt +€110,647
up €110,647 (+233.0%), from €47,480 to €158,127
- Other debts -€104,518
down €104,518 (-19.2%), from €545,519 to €441,002
- Debts after one year -€48,127
down €48,127 (-11.3%), from €425,846 to €377,719
- Tax, wage and social debts +€23,435
up €23,435 (+1470.6%), from €1,594 to €25,029
of which Taxes: +€21,435
- Financial charges +€9,926
up €9,926 (+46.4%), from €21,389 to €31,315
of which Financial charges: +€9,916
- Depreciation +€5,894
up €5,894 (+10.4%), from €56,720 to €62,614
- Taxes -€3,516
down €3,516 (-87.0%), from €4,040 to €524
- Gross operating margin -€1,560
down €1,560 (-1.7%), from €90,097 to €88,536
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 | €1,315,423 | €1,282,034 | -€33,389 | -2.5% |
| Fixed assets | 21/28 | €1,281,953 | €1,220,873 | -€61,080 | -4.8% |
| Tangible fixed assets | 22/27 | €1,281,953 | €1,220,873 | -€61,080 | -4.8% |
| Land and buildings | 22 | €1,186,241 | €1,146,943 | -€39,298 | -3.3% |
| Plant, machinery and equipment | 23 | €2,617 | €3,358 | +€740 | +28.3% |
| Furniture and vehicles | 24 | €93,094 | €70,573 | -€22,522 | -24.2% |
| Current assets | 29/58 | €33,470 | €61,161 | +€27,691 | +82.7% |
| Stocks and contracts in progress | 3 | €2,250 | €2,842 | +€592 | +26.3% |
| Stocks | 30/36 | €2,250 | €2,842 | +€592 | +26.3% |
| Amounts receivable within one year | 40/41 | €14,633 | €17,488 | +€2,855 | +19.5% |
| Trade receivables | 40 | €8,664 | €13,781 | +€5,117 | +59.1% |
| Other amounts receivable | 41 | €5,969 | €3,706 | -€2,262 | -37.9% |
| Cash at bank and in hand | 54/58 | €15,632 | €40,221 | +€24,589 | +157.3% |
| Deferred charges and accrued income | 490/1 | €955 | €610 | -€345 | -36.1% |
| Total equity and liabilities | 10/49 | €1,315,423 | €1,282,034 | -€33,389 | -2.5% |
| Equity | 10/15 | €286,258 | €276,824 | -€9,434 | -3.3% |
| Contributions | 10/11 | €300,000 | €300,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€13,742 | -€23,176 | -€9,434 | -68.6% |
| Amounts payable | 17/49 | €1,029,165 | €1,005,210 | -€23,955 | -2.3% |
| Amounts payable after more than one year | 17 | €425,846 | €377,719 | -€48,127 | -11.3% |
| Financial debts | 170/4 | €425,846 | €377,719 | -€48,127 | -11.3% |
| Amounts payable within one year | 42/48 | €603,319 | €627,491 | +€24,172 | +4.0% |
| Current portion of amounts payable after more than one year | 42 | €47,480 | €158,127 | +€110,647 | +233.0% |
| Trade debts | 44 | €8,726 | €3,333 | -€5,393 | -61.8% |
| Suppliers | 440/4 | €8,726 | €3,333 | -€5,393 | -61.8% |
| Taxes, remuneration and social security | 45 | €1,594 | €25,029 | +€23,435 | +1470.6% |
| Taxes | 450/3 | €1,594 | €23,029 | +€21,435 | +1345.1% |
| Remuneration and social security | 454/9 | - | €2,000 | +€2,000 | |
| Other amounts payable | 47/48 | €545,519 | €441,002 | -€104,518 | -19.2% |
| Non-recurring operating income | 76A | €14,880 | - | -€14,880 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €56,720 | €62,614 | +€5,894 | +10.4% |
| Other operating charges | 640/8 | €3,327 | €3,471 | +€144 | +4.3% |
| Non-recurring operating charges | 66A | - | €184 | +€184 | |
| Gross operating margin | 9900 | €90,097 | €88,536 | -€1,560 | -1.7% |
| Operating profit (loss) | 9901 | €30,049 | €22,267 | -€7,782 | -25.9% |
| Financial income | 75/76B | €372 | €139 | -€233 | -62.7% |
| Recurring financial income | 75 | €372 | €139 | -€233 | -62.7% |
| Financial charges | 65/66B | €21,389 | €31,315 | +€9,926 | +46.4% |
| Recurring financial charges | 65 | €21,389 | €31,305 | +€9,916 | +46.4% |
| Non-recurring financial charges | 66B | - | €10 | +€10 | |
| Profit (loss) for the period before taxes | 9903 | €9,031 | -€8,910 | -€17,941 | |
| Income taxes | 67/77 | €4,040 | €524 | -€3,516 | -87.0% |
| Profit (loss) for the period | 9904 | €4,992 | -€9,434 | -€14,425 | |
| Profit (loss) for the period to be appropriated | 9905 | €4,992 | -€9,434 | -€14,425 |
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 11 October 2026 via checked.be.