Sono Group N.V. Leases Disclosure
NOTE 6 – LEASES
The Company leases its office and warehouse space. The lease has a remaining life of 5.3 years. The Company accounts for its leases according to ASC 842 Leases.
Maturities of operating lease liabilities were as follows as of December 31, 2025:
|
KEUR |
||||
|
2026 |
167 | |||
|
2027 |
167 | |||
|
2028 |
167 | |||
|
2029 |
167 | |||
|
2030 and beyond |
223 | |||
|
Total Lease payments |
891 | |||
|
Less interest |
317 | |||
|
Present value of lease payments |
574 | |||
|
Balance Sheet Classification |
Liability as of December 31, 2025 KEUR |
Liability as of December 31, 2024 KEUR |
||||||
|
Current |
70 | 58 | ||||||
|
Long term |
504 | 572 | ||||||
|
Total Lease |
574 | 630 | ||||||
The lease was calculated over a 122 month period at a weighted average discount rate of 18%.
Cash paid to satisfy lease liabilities and building lease expense for the twelve months ended December 31, 2025 and 2024 consisted of:
|
December 31, |
||||||||
|
2025 |
2024 |
|||||||
|
Amortization of right-of-use assets |
58 | 42 | ||||||
|
Interest on lease liability |
109 | 117 | ||||||
|
Short term lease costs |
21 | – | ||||||
|
Variable lease costs |
29 | 10 | ||||||
| Total cash paid to satisfy lease liability and building lease expense | 217 | 169 | ||||||
Historical Timeline
| Fiscal Year | Filed | |
|---|---|---|
| 2025 | Apr 1, 2026 | Showing above |
| 2024 | Apr 17, 2025 | |
About Leases Disclosures
Lease disclosures under ASC 842 provide a comprehensive view of a company's leased asset portfolio, including the split between operating and finance leases, discount rates used to present-value future payments, and the maturity schedule of lease obligations. This section reveals a significant source of off-balance-sheet commitments that were largely hidden before the current standard.
Key signals: the weighted-average discount rate affects the size of recorded lease liabilities — a higher rate reduces the reported obligation, so compare the chosen rate against the company's incremental borrowing rate. The operating versus finance lease mix affects both EBITDA and operating income presentation. Watch the maturity table for concentration risk: large payment cliffs in specific years may create cash flow pressure. Variable lease payments excluded from the liability measurement represent real obligations that do not appear on the balance sheet. Compare total lease costs against prior-year operating lease expense to assess the true economic burden.