SONLAND: 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.
What changed
SONLAND
NACE 52.410
fiscal year 31-12-2024 against 31-12-2025filed annual accounts (NBB)
Net result for the year
-€51,401
31-12-2024 · -€107,626+€56,224
Equity
-€332,217
31-12-2024 · -€280,816-€51,401
Cash
€2,196
31-12-2024 · €1,692+€504
Balance sheet total
€1.2m
31-12-2024 · €1.2m-€12,699
Largest movements
Assets
- Tangible fixed assets -€13,463
down €13,463 (-1.1%), from €1.2m to €1.2m
of which Other tangible fixed assets: -€13,785
Equity and liabilities
- Other debts +€73,376
up €73,376 (+9.2%), from €797,454 to €870,830
- Profit (loss) carried forward -€51,401
down €51,401 (-12.0%), from -€427,671 to -€479,072
- Debts after one year -€42,542
down €42,542 (-9.1%), from €465,996 to €423,454
of which Financial debts: -€43,471
Income statement
- Other operating charges -€41,005
down €41,005 (-97.0%), from €42,292 to €1,287
- Financial charges -€10,675
down €10,675 (-39.8%), from €26,791 to €16,116
- Gross operating margin +€4,763
up €4,763 (+20.3%), from -€23,476 to -€18,713
From the 31-12-2024 result to the 31-12-2025 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.
Result 31-12-2024
-€107,626
Gross operating margin
+€4,763
Depreciation
-€216
Other operating charges
+€41,005
Financial income
-€3
Financial charges
+€10,675
Taxes
+€0
Result 31-12-2025
-€51,401
Cash bridge derived
Derived from the 31-12-2024 and 31-12-2025 balance sheets and the 31-12-2025 result: not a filed cash-flow statement. It shows where the money came from and went.
From operations
+€33,768
Investment
-€1,182
Financing
-€32,083
Cash 31-12-2024
€1,692
From operations (derived)
+€33,768
Net result for the year
-€51,401
Depreciation
+€14,856
Receivables within one year
-€1,133
Deferred charges and accrued income
+€662
Trade debts
-€1,657
Tax, wage and social debts
-€799
Other debts
+€73,376
Accrued charges and deferred income
-€135
Investment (derived)
-€1,182
Investment in fixed assets (net)
-€1,182
Financing
-€32,083
Debts after one year
-€42,542
Current portion of long-term debt
+€742
Short-term financial debts
+€9,717
Cash 31-12-2025
€2,196
Every line side by side
| Line | Code | 31-12-2024 | 31-12-2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,245,075 | €1,232,375 | -€12,699 | -1.0% |
| Fixed assets | 21/28 | €1,222,642 | €1,208,968 | -€13,674 | -1.1% |
| Tangible fixed assets | 22/27 | €1,222,432 | €1,208,968 | -€13,463 | -1.1% |
| Plant, machinery and equipment | 23 | €2,563 | €1,736 | -€826 | -32.2% |
| Furniture and vehicles | 24 | - | €1,148 | +€1,148 | |
| Other tangible fixed assets | 26 | €221,736 | €207,950 | -€13,785 | -6.2% |
| Assets under construction and advance payments | 27 | €998,133 | €998,133 | = | 0.0% |
| Financial fixed assets | 28 | €211 | €0 | -€211 | -100.0% |
| Current assets | 29/58 | €22,432 | €23,407 | +€975 | +4.3% |
| Amounts receivable within one year | 40/41 | €18,560 | €19,693 | +€1,133 | +6.1% |
| Trade receivables | 40 | €11,894 | €13,029 | +€1,135 | +9.5% |
| Other amounts receivable | 41 | €6,666 | €6,664 | -€2 | 0.0% |
| Cash at bank and in hand | 54/58 | €1,692 | €2,196 | +€504 | +29.8% |
| Deferred charges and accrued income | 490/1 | €2,180 | €1,518 | -€662 | -30.4% |
| Total equity and liabilities | 10/49 | €1,245,075 | €1,232,375 | -€12,699 | -1.0% |
| Equity | 10/15 | -€280,816 | -€332,217 | -€51,401 | -18.3% |
| Contributions | 10/11 | €124,500 | €124,500 | = | 0.0% |
| Capital | 10 | €124,500 | €124,500 | = | 0.0% |
| Issued capital | 100 | €124,500 | €124,500 | = | 0.0% |
| Reserves | 13 | €22,355 | €22,355 | = | 0.0% |
| Non-distributable reserves | 130/1 | €12,450 | €12,450 | = | 0.0% |
| Legal reserve | 130 | €12,450 | €12,450 | = | 0.0% |
| Distributable reserves | 133 | €9,905 | €9,905 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€427,671 | -€479,072 | -€51,401 | -12.0% |
| Amounts payable | 17/49 | €1,525,891 | €1,564,593 | +€38,702 | +2.5% |
| Amounts payable after more than one year | 17 | €465,996 | €423,454 | -€42,542 | -9.1% |
| Financial debts | 170/4 | €419,538 | €376,067 | -€43,471 | -10.4% |
| Other amounts payable | 178/9 | €46,458 | €47,387 | +€929 | +2.0% |
| Amounts payable within one year | 42/48 | €1,055,563 | €1,136,942 | +€81,378 | +7.7% |
| Current portion of amounts payable after more than one year | 42 | €42,729 | €43,471 | +€742 | +1.7% |
| Financial debts | 43 | €37,597 | €47,314 | +€9,717 | +25.8% |
| Credit institutions | 430/8 | €37,597 | €47,314 | +€9,717 | +25.8% |
| Trade debts | 44 | €164,214 | €162,556 | -€1,657 | -1.0% |
| Suppliers | 440/4 | €164,214 | €162,556 | -€1,657 | -1.0% |
| Taxes, remuneration and social security | 45 | €13,570 | €12,771 | -€799 | -5.9% |
| Taxes | 450/3 | €12,375 | €11,576 | -€799 | -6.5% |
| Remuneration and social security | 454/9 | €1,195 | €1,195 | = | 0.0% |
| Other amounts payable | 47/48 | €797,454 | €870,830 | +€73,376 | +9.2% |
| Accrued charges and deferred income | 492/3 | €4,331 | €4,196 | -€135 | -3.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,640 | €14,856 | +€216 | +1.5% |
| Other operating charges | 640/8 | €42,292 | €1,287 | -€41,005 | -97.0% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | -€23,476 | -€18,713 | +€4,763 | +20.3% |
| Operating profit (loss) | 9901 | -€80,407 | -€34,856 | +€45,552 | +56.7% |
| Financial income | 75/76B | €3 | €0 | -€3 | -97.9% |
| Recurring financial income | 75 | €3 | €0 | -€3 | -97.9% |
| Financial charges | 65/66B | €26,791 | €16,116 | -€10,675 | -39.8% |
| Recurring financial charges | 65 | €26,791 | €16,116 | -€10,675 | -39.8% |
| Profit (loss) for the period before taxes | 9903 | -€107,195 | -€50,971 | +€56,224 | +52.5% |
| Income taxes | 67/77 | €430 | €430 | -€0 | -0.1% |
| Profit (loss) for the period | 9904 | -€107,626 | -€51,401 | +€56,224 | +52.2% |
| Profit (loss) for the period to be appropriated | 9905 | -€107,626 | -€51,401 | +€56,224 | +52.2% |
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 6 October 2026 via checked.be.