Studio Sonart: 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.
Studio Sonart
Largest movements
- Receivables within one year -€95,405
down €95,405 (-46.1%), from €206,781 to €111,377
of which Trade receivables: -€107,725
- Cash +€50,247
up €50,247 (+149.9%), from €33,510 to €83,758
mainly Net result for the year (+€113,284) and Receivables within one year (+€95,405)
- Tangible fixed assets -€23,288
down €23,288 (-11.4%), from €204,279 to €180,991
of which Land and buildings: -€14,561
- Debts after one year -€25,759
down €25,759 (-38.1%), from €67,604 to €41,845
- Other debts -€19,828
down €19,828 (-14.6%), from €135,691 to €115,863
- Trade debts -€12,620
down €12,620 (-15.0%), from €83,891 to €71,270
- Tax, wage and social debts -€7,021
down €7,021 (-15.4%), from €45,540 to €38,519
of which Taxes: -€5,320
- Staff costs +€38,732
up €38,732 (+71.6%), from €54,075 to €92,807
- Gross operating margin +€19,554
up €19,554 (+7.1%), from €273,491 to €293,045
- Taxes -€4,587
down €4,587 (-10.4%), from €44,101 to €39,514
- Financial charges -€3,295
down €3,295 (-43.2%), from €7,624 to €4,329
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 | €539,093 | €469,743 | -€69,351 | -12.9% |
| Fixed assets | 21/28 | €204,279 | €180,991 | -€23,288 | -11.4% |
| Tangible fixed assets | 22/27 | €204,279 | €180,991 | -€23,288 | -11.4% |
| Land and buildings | 22 | €104,659 | €90,098 | -€14,561 | -13.9% |
| Plant, machinery and equipment | 23 | €81,753 | €74,758 | -€6,995 | -8.6% |
| Furniture and vehicles | 24 | €17,867 | €16,135 | -€1,732 | -9.7% |
| Current assets | 29/58 | €334,814 | €288,751 | -€46,063 | -13.8% |
| Amounts receivable within one year | 40/41 | €206,781 | €111,377 | -€95,405 | -46.1% |
| Trade receivables | 40 | €206,293 | €98,567 | -€107,725 | -52.2% |
| Other amounts receivable | 41 | €489 | €12,809 | +€12,321 | +2521.4% |
| Current investments | 50/53 | €90,139 | €90,456 | +€317 | +0.4% |
| Cash at bank and in hand | 54/58 | €33,510 | €83,758 | +€50,247 | +149.9% |
| Deferred charges and accrued income | 490/1 | €4,383 | €3,160 | -€1,223 | -27.9% |
| Total equity and liabilities | 10/49 | €539,093 | €469,743 | -€69,351 | -12.9% |
| Equity | 10/15 | €176,485 | €176,485 | = | 0.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €157,885 | €157,885 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €156,025 | €156,025 | = | 0.0% |
| Amounts payable | 17/49 | €362,608 | €293,257 | -€69,351 | -19.1% |
| Amounts payable after more than one year | 17 | €67,604 | €41,845 | -€25,759 | -38.1% |
| Financial debts | 170/4 | €67,604 | €41,845 | -€25,759 | -38.1% |
| Amounts payable within one year | 42/48 | €295,004 | €251,413 | -€43,591 | -14.8% |
| Current portion of amounts payable after more than one year | 42 | €29,882 | €25,759 | -€4,122 | -13.8% |
| Trade debts | 44 | €83,891 | €71,270 | -€12,620 | -15.0% |
| Suppliers | 440/4 | €83,891 | €71,270 | -€12,620 | -15.0% |
| Taxes, remuneration and social security | 45 | €45,540 | €38,519 | -€7,021 | -15.4% |
| Taxes | 450/3 | €37,920 | €32,601 | -€5,320 | -14.0% |
| Remuneration and social security | 454/9 | €7,620 | €5,919 | -€1,701 | -22.3% |
| Other amounts payable | 47/48 | €135,691 | €115,863 | -€19,828 | -14.6% |
| Remuneration, social security and pensions | 62 | €54,075 | €92,807 | +€38,732 | +71.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €40,133 | €41,546 | +€1,413 | +3.5% |
| Other operating charges | 640/8 | €2,882 | €2,159 | -€723 | -25.1% |
| Gross operating margin | 9900 | €273,491 | €293,045 | +€19,554 | +7.1% |
| Operating profit (loss) | 9901 | €176,400 | €156,533 | -€19,868 | -11.3% |
| Financial income | 75/76B | €618 | €594 | -€24 | -3.8% |
| Recurring financial income | 75 | €618 | €594 | -€24 | -3.8% |
| Financial charges | 65/66B | €7,624 | €4,329 | -€3,295 | -43.2% |
| Recurring financial charges | 65 | €7,624 | €4,329 | -€3,295 | -43.2% |
| Profit (loss) for the period before taxes | 9903 | €169,394 | €152,798 | -€16,596 | -9.8% |
| Income taxes | 67/77 | €44,101 | €39,514 | -€4,587 | -10.4% |
| Profit (loss) for the period | 9904 | €125,293 | €113,284 | -€12,009 | -9.6% |
| Profit (loss) for the period to be appropriated | 9905 | €125,293 | €113,284 | -€12,009 | -9.6% |
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.