SONAHE: 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.
SONAHE
Largest movements
- Receivables within one year +€41,422
up €41,422 (+11.6%), from €356,772 to €398,193
- Cash +€31,463
up €31,463 (+41.2%), from €76,353 to €107,815
mainly Other debts (+€165,000) and Net result for the year (+€77,098)
- Deferred charges and accrued income -€15,975
down €15,975 (-31.4%), from €50,906 to €34,931
- Current investments +€6,862
up €6,862 (+26.5%), from €25,853 to €32,715
- Reserves -€174,000
down €174,000 (-37.1%), from €469,200 to €295,200
- Other debts +€165,000
new in 2025: €165,000
- Tax, wage and social debts +€72,031
up €72,031 (+682%), from €10,569 to €82,600
- Taxes +€13,090
up €13,090 (+53.2%), from €24,607 to €37,697
- Gross operating margin +€7,117
up €7,117 (+7.8%), from €91,479 to €98,596
- Financial income -€1,496
down €1,496 (-5.5%), from €27,344 to €25,848
- Depreciation -€1,206
down €1,206 (-26.1%), from €4,621 to €3,415
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 | €513,634 | €573,990 | +€60,357 | +11.8% |
| Fixed assets | 21/28 | €3,750 | €336 | -€3,415 | -91.1% |
| Tangible fixed assets | 22/27 | €3,679 | €264 | -€3,415 | -92.8% |
| Furniture and vehicles | 24 | €3,679 | €264 | -€3,415 | -92.8% |
| Financial fixed assets | 28 | €72 | €72 | = | 0.0% |
| Current assets | 29/58 | €509,883 | €573,655 | +€63,772 | +12.5% |
| Amounts receivable within one year | 40/41 | €356,772 | €398,193 | +€41,422 | +11.6% |
| Other amounts receivable | 41 | €356,772 | €398,193 | +€41,422 | +11.6% |
| Current investments | 50/53 | €25,853 | €32,715 | +€6,862 | +26.5% |
| Cash at bank and in hand | 54/58 | €76,353 | €107,815 | +€31,463 | +41.2% |
| Deferred charges and accrued income | 490/1 | €50,906 | €34,931 | -€15,975 | -31.4% |
| Total equity and liabilities | 10/49 | €513,634 | €573,990 | +€60,357 | +11.8% |
| Equity | 10/15 | €484,483 | €311,580 | -€172,902 | -35.7% |
| Contributions | 10/11 | €14,260 | €14,260 | = | 0.0% |
| Reserves | 13 | €469,200 | €295,200 | -€174,000 | -37.1% |
| Distributable reserves | 133 | €469,200 | €295,200 | -€174,000 | -37.1% |
| Profit (loss) carried forward | 14 | €1,023 | €2,120 | +€1,098 | +107% |
| Amounts payable | 17/49 | €29,151 | €262,410 | +€233,259 | +800% |
| Amounts payable within one year | 42/48 | €29,151 | €262,410 | +€233,259 | +800% |
| Current portion of amounts payable after more than one year | 42 | €10,163 | €10,120 | -€43 | -0.4% |
| Trade debts | 44 | €8,420 | €4,690 | -€3,730 | -44.3% |
| Suppliers | 440/4 | €8,420 | €4,690 | -€3,730 | -44.3% |
| Taxes, remuneration and social security | 45 | €10,569 | €82,600 | +€72,031 | +682% |
| Taxes | 450/3 | €10,569 | €82,600 | +€72,031 | +682% |
| Other amounts payable | 47/48 | - | €165,000 | +€165,000 | |
| Non-recurring operating income | 76A | - | €863 | +€863 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,621 | €3,415 | -€1,206 | -26.1% |
| Other operating charges | 640/8 | €611 | €691 | +€80 | +13.1% |
| Gross operating margin | 9900 | €91,479 | €98,596 | +€7,117 | +7.8% |
| Operating profit (loss) | 9901 | €86,246 | €94,490 | +€8,243 | +9.6% |
| Financial income | 75/76B | €27,344 | €25,848 | -€1,496 | -5.5% |
| Recurring financial income | 75 | €27,344 | €25,848 | -€1,496 | -5.5% |
| Financial charges | 65/66B | €6,373 | €5,543 | -€830 | -13.0% |
| Recurring financial charges | 65 | €6,373 | €5,543 | -€830 | -13.0% |
| Profit (loss) for the period before taxes | 9903 | €107,218 | €114,795 | +€7,577 | +7.1% |
| Income taxes | 67/77 | €24,607 | €37,697 | +€13,090 | +53.2% |
| Profit (loss) for the period | 9904 | €82,610 | €77,098 | -€5,512 | -6.7% |
| Profit (loss) for the period to be appropriated | 9905 | €82,610 | €77,098 | -€5,512 | -6.7% |
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 21 October 2026 via checked.be.