SONAL: 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.
What changed
SONAL
NACE 46.643, Wholesale of electrical equipment, including installation materials
financial year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€10,544
2024 · -€39,407+€49,951
Equity
€111,280
2024 · €100,736+€10,544
Cash
€2,008
2024 · €4,659-€2,651
Balance sheet total
€1.1m
2024 · €923,752+€150,669
Largest movements
Assets
- Stocks and contracts +€49,780
up €49,780 (+13.9%), from €357,844 to €407,624
- Intangible fixed assets +€48,800
up €48,800 (+80.0%), from €60,976 to €109,776
- Receivables within one year +€40,019
up €40,019 (+13.7%), from €291,726 to €331,744
of which Trade receivables: +€39,817
Equity and liabilities
- Trade debts +€110,217
up €110,217 (+43.2%), from €255,271 to €365,489
- Tax, wage and social debts +€53,428
up €53,428 (+37.1%), from €143,830 to €197,258
of which Remuneration and social security: +€31,882
Income statement
- Gross operating margin +€115,176
up €115,176 (+13.9%), from €830,569 to €945,745
- Other operating charges -€105,728
down €105,728 (-95.4%), from €110,802 to €5,074
- Write-downs +€97,436
up €97,436 (+98.4%), from -€98,989 to -€1,554
- Staff costs +€27,171
up €27,171 (+3.3%), from €814,073 to €841,244
- Financial income -€22,930
down €22,930 (-93.1%), from €24,639 to €1,710
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.
Result 2024
-€39,407
Gross operating margin
+€115,176
Staff costs
-€27,171
Depreciation
-€13,668
Write-downs
-€97,436
Other operating charges
+€105,728
Financial income
-€22,930
Financial charges
-€9,658
Taxes
-€91
Result 2025
€10,544
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.
From operations
+€132,551
Investment
-€117,656
Financing
-€17,547
Cash 2024
€4,659
From operations (derived)
+€132,551
Net result for the year
+€10,544
Depreciation
+€58,976
Stocks and contracts
-€49,780
Receivables within one year
-€40,019
Deferred charges and accrued income
-€4,842
Trade debts
+€110,217
Tax, wage and social debts
+€53,428
Other debts
-€5,234
Accrued charges and deferred income
-€740
Investment (derived)
-€117,656
Investment in fixed assets (net)
-€117,656
Financing
-€17,547
Debts after one year
-€10,053
Current portion of long-term debt
+€286
Short-term financial debts
-€7,780
Cash 2025
€2,008
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €923,752 | €1,074,421 | +€150,669 | +16.3% |
| Fixed assets | 21/28 | €254,905 | €313,585 | +€58,680 | +23.0% |
| Intangible fixed assets | 21 | €60,976 | €109,776 | +€48,800 | +80.0% |
| Tangible fixed assets | 22/27 | €191,429 | €201,309 | +€9,880 | +5.2% |
| Plant, machinery and equipment | 23 | €36,397 | €30,001 | -€6,396 | -17.6% |
| Furniture and vehicles | 24 | €126,475 | €133,152 | +€6,677 | +5.3% |
| Leasing and similar rights | 25 | €5,908 | €2,938 | -€2,970 | -50.3% |
| Other tangible fixed assets | 26 | €22,648 | €35,218 | +€12,570 | +55.5% |
| Financial fixed assets | 28 | €2,500 | €2,500 | = | 0.0% |
| Current assets | 29/58 | €668,847 | €760,836 | +€91,989 | +13.8% |
| Stocks and contracts in progress | 3 | €357,844 | €407,624 | +€49,780 | +13.9% |
| Stocks | 30/36 | €357,844 | €407,624 | +€49,780 | +13.9% |
| Amounts receivable within one year | 40/41 | €291,726 | €331,744 | +€40,019 | +13.7% |
| Trade receivables | 40 | €291,503 | €331,321 | +€39,817 | +13.7% |
| Other amounts receivable | 41 | €222 | €424 | +€201 | +90.6% |
| Cash at bank and in hand | 54/58 | €4,659 | €2,008 | -€2,651 | -56.9% |
| Deferred charges and accrued income | 490/1 | €14,618 | €19,460 | +€4,842 | +33.1% |
| Total equity and liabilities | 10/49 | €923,752 | €1,074,421 | +€150,669 | +16.3% |
| Equity | 10/15 | €100,736 | €111,280 | +€10,544 | +10.5% |
| Contributions | 10/11 | €61,973 | €61,973 | = | 0.0% |
| Contributions outside capital | 11 | €61,973 | €61,973 | = | 0.0% |
| Other | 1109/19 | €61,973 | €61,973 | = | 0.0% |
| Reserves | 13 | €191,001 | €191,001 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,197 | €6,197 | = | 0.0% |
| Reserves not available under the articles | 1311 | €6,197 | €6,197 | = | 0.0% |
| Tax-exempt reserves | 132 | €14,295 | €14,295 | = | 0.0% |
| Distributable reserves | 133 | €170,508 | €170,508 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€152,239 | -€141,694 | +€10,544 | +6.9% |
| Amounts payable | 17/49 | €823,017 | €963,141 | +€140,124 | +17.0% |
| Amounts payable after more than one year | 17 | €13,581 | €3,528 | -€10,053 | -74.0% |
| Financial debts | 170/4 | €13,581 | €3,528 | -€10,053 | -74.0% |
| Amounts payable within one year | 42/48 | €808,695 | €959,613 | +€150,918 | +18.7% |
| Current portion of amounts payable after more than one year | 42 | €9,767 | €10,053 | +€286 | +2.9% |
| Financial debts | 43 | €394,341 | €386,561 | -€7,780 | -2.0% |
| Credit institutions | 430/8 | €394,341 | €386,561 | -€7,780 | -2.0% |
| Trade debts | 44 | €255,271 | €365,489 | +€110,217 | +43.2% |
| Suppliers | 440/4 | €255,271 | €365,489 | +€110,217 | +43.2% |
| Taxes, remuneration and social security | 45 | €143,830 | €197,258 | +€53,428 | +37.1% |
| Taxes | 450/3 | €18,831 | €40,377 | +€21,546 | +114.4% |
| Remuneration and social security | 454/9 | €124,999 | €156,881 | +€31,882 | +25.5% |
| Other amounts payable | 47/48 | €5,486 | €253 | -€5,234 | -95.4% |
| Accrued charges and deferred income | 492/3 | €740 | €0 | -€740 | -100.0% |
| Non-recurring operating income | 76A | €834 | €0 | -€834 | -100.0% |
| Remuneration, social security and pensions | 62 | €814,073 | €841,244 | +€27,171 | +3.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €45,308 | €58,976 | +€13,668 | +30.2% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€98,989 | -€1,554 | +€97,436 | +98.4% |
| Other operating charges | 640/8 | €110,802 | €5,074 | -€105,728 | -95.4% |
| Gross operating margin | 9900 | €830,569 | €945,745 | +€115,176 | +13.9% |
| Operating profit (loss) | 9901 | -€40,625 | €42,005 | +€82,630 | |
| Financial income | 75/76B | €24,639 | €1,710 | -€22,930 | -93.1% |
| Recurring financial income | 75 | €24,639 | €1,710 | -€22,930 | -93.1% |
| Financial charges | 65/66B | €21,644 | €31,301 | +€9,658 | +44.6% |
| Recurring financial charges | 65 | €21,644 | €31,301 | +€9,658 | +44.6% |
| Profit (loss) for the period before taxes | 9903 | -€37,629 | €12,413 | +€50,042 | |
| Income taxes | 67/77 | €1,778 | €1,869 | +€91 | +5.1% |
| Profit (loss) for the period | 9904 | -€39,407 | €10,544 | +€49,951 | |
| Profit (loss) for the period to be appropriated | 9905 | -€39,407 | €10,544 | +€49,951 |
Source: filed annual accounts (NBB), financial years ended 31 August 2024 and 31 August 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 10 October 2026 via checked.be.