SONNEVELD ART: 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.
SONNEVELD ART
Largest movements
- Cash +€129,511
up €129,511 (+111%), from €117,041 to €246,552
mainly Net result for the year (+€114,046) and Other debts (+€87,443)
- Receivables within one year +€29,096
up €29,096 (+72.5%), from €40,111 to €69,207
of which Trade receivables: +€28,927
- Reserves +€114,046
up €114,046 (+114%), from €99,703 to €213,749
- Other debts +€87,443
up €87,443, from €0 to €87,443
- Debts after one year -€61,051
down €61,051 (-100%), from €61,051 to €0
- Tax, wage and social debts +€21,649
up €21,649 (+186%), from €11,628 to €33,277
- Trade debts +€5,309
up €5,309 (+58.0%), from €9,156 to €14,465
- Gross operating margin +€93,136
up €93,136 (+108%), from €86,590 to €179,726
- Taxes +€34,454
up €34,454 (+237%), from €14,546 to €49,001
- Depreciation -€1,987
down €1,987 (-13.7%), from €14,501 to €12,515
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 | €190,658 | €352,041 | +€161,383 | +84.6% |
| Fixed assets | 21/28 | €33,506 | €36,282 | +€2,777 | +8.3% |
| Tangible fixed assets | 22/27 | €33,506 | €36,282 | +€2,777 | +8.3% |
| Plant, machinery and equipment | 23 | €24,852 | €27,070 | +€2,218 | +8.9% |
| Furniture and vehicles | 24 | €8,654 | €9,212 | +€558 | +6.5% |
| Current assets | 29/58 | €157,152 | €315,759 | +€158,607 | +101% |
| Amounts receivable within one year | 40/41 | €40,111 | €69,207 | +€29,096 | +72.5% |
| Trade receivables | 40 | €39,930 | €68,856 | +€28,927 | +72.4% |
| Other amounts receivable | 41 | €181 | €351 | +€169 | +93.3% |
| Cash at bank and in hand | 54/58 | €117,041 | €246,552 | +€129,511 | +111% |
| Deferred charges and accrued income | 490/1 | €0 | - | = | |
| Total equity and liabilities | 10/49 | €190,658 | €352,041 | +€161,383 | +84.6% |
| Equity | 10/15 | €100,703 | €214,749 | +€114,046 | +113% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €99,703 | €213,749 | +€114,046 | +114% |
| Distributable reserves | 133 | €99,703 | €213,749 | +€114,046 | +114% |
| Amounts payable | 17/49 | €89,955 | €137,292 | +€47,337 | +52.6% |
| Amounts payable after more than one year | 17 | €61,051 | €0 | -€61,051 | -100% |
| Financial debts | 170/4 | €61,051 | €0 | -€61,051 | -100% |
| Amounts payable within one year | 42/48 | €23,285 | €135,186 | +€111,900 | +481% |
| Current portion of amounts payable after more than one year | 42 | €870 | €0 | -€870 | -100% |
| Financial debts | 43 | €20 | €0 | -€20 | -100% |
| Credit institutions | 430/8 | €20 | €0 | -€20 | -100% |
| Trade debts | 44 | €9,156 | €14,465 | +€5,309 | +58.0% |
| Suppliers | 440/4 | €9,156 | €14,465 | +€5,309 | +58.0% |
| Advances received on contracts in progress | 46 | €1,610 | €0 | -€1,610 | -100% |
| Taxes, remuneration and social security | 45 | €11,628 | €33,277 | +€21,649 | +186% |
| Taxes | 450/3 | €11,628 | €33,277 | +€21,649 | +186% |
| Other amounts payable | 47/48 | €0 | €87,443 | +€87,443 | |
| Accrued charges and deferred income | 492/3 | €5,619 | €2,106 | -€3,512 | -62.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,501 | €12,515 | -€1,987 | -13.7% |
| Other operating charges | 640/8 | €819 | €780 | -€39 | -4.8% |
| Non-recurring operating charges | 66A | - | €1,169 | +€1,169 | |
| Gross operating margin | 9900 | €86,590 | €179,726 | +€93,136 | +108% |
| Operating profit (loss) | 9901 | €71,269 | €165,262 | +€93,993 | +132% |
| Financial income | 75/76B | €377 | €963 | +€586 | +155% |
| Recurring financial income | 75 | €377 | €963 | +€586 | +155% |
| Financial charges | 65/66B | €2,758 | €3,178 | +€420 | +15.2% |
| Recurring financial charges | 65 | €2,758 | €3,178 | +€420 | +15.2% |
| Profit (loss) for the period before taxes | 9903 | €68,889 | €163,047 | +€94,158 | +137% |
| Income taxes | 67/77 | €14,546 | €49,001 | +€34,454 | +237% |
| Profit (loss) for the period | 9904 | €54,342 | €114,046 | +€59,704 | +110% |
| Profit (loss) for the period to be appropriated | 9905 | €54,342 | €114,046 | +€59,704 | +110% |
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 30 October 2026 via checked.be.