Sonalex: 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.
Sonalex
Largest movements
- Cash -€218,470
down €218,470 (-93.4%), from €233,926 to €15,457
mainly Debts after one year (-€268,064) and Investment in fixed assets (net) (-€197,104)
- Tangible fixed assets -€180,656
down €180,656 (-5.4%), from €3.3m to €3.1m
of which Plant, machinery and equipment: -€223,553
- Debts after one year -€268,064
down €268,064 (-21.3%), from €1.3m to €990,609
- Reserves +€166,146
up €166,146 (+11.1%), from €1.5m to €1.7m
of which Distributable reserves: +€166,146
- Other debts -€150,000
down €150,000 (-8.1%), from €1.9m to €1.7m
- Gross operating margin +€260,333
up €260,333 (+44.6%), from €583,933 to €844,266
- Financial charges -€26,820
down €26,820 (-40.3%), from €66,568 to €39,748
- Depreciation +€18,162
up €18,162 (+5.1%), from €359,599 to €377,760
- Staff costs -€16,930
down €16,930 (-8.5%), from €199,981 to €183,051
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 | €7,341,977 | €6,974,763 | -€367,215 | -5.0% |
| Fixed assets | 21/28 | €6,765,683 | €6,585,027 | -€180,656 | -2.7% |
| Tangible fixed assets | 22/27 | €3,321,127 | €3,140,471 | -€180,656 | -5.4% |
| Land and buildings | 22 | €2,195,871 | €2,240,706 | +€44,835 | +2.0% |
| Plant, machinery and equipment | 23 | €1,095,501 | €871,948 | -€223,553 | -20.4% |
| Furniture and vehicles | 24 | €29,755 | €27,816 | -€1,939 | -6.5% |
| Financial fixed assets | 28 | €3,444,556 | €3,444,556 | = | 0.0% |
| Current assets | 29/58 | €576,294 | €389,736 | -€186,558 | -32.4% |
| Stocks and contracts in progress | 3 | €28,744 | €12,425 | -€16,319 | -56.8% |
| Stocks | 30/36 | €28,744 | €12,425 | -€16,319 | -56.8% |
| Amounts receivable within one year | 40/41 | €304,624 | €352,853 | +€48,230 | +15.8% |
| Trade receivables | 40 | €304,624 | €352,853 | +€48,230 | +15.8% |
| Cash at bank and in hand | 54/58 | €233,926 | €15,457 | -€218,470 | -93.4% |
| Deferred charges and accrued income | 490/1 | €9,000 | €9,000 | = | 0.0% |
| Total equity and liabilities | 10/49 | €7,341,977 | €6,974,763 | -€367,215 | -5.0% |
| Equity | 10/15 | €3,208,956 | €3,375,102 | +€166,146 | +5.2% |
| Contributions | 10/11 | €1,710,000 | €1,710,000 | = | 0.0% |
| Capital | 10 | €1,710,000 | €1,710,000 | = | 0.0% |
| Issued capital | 100 | €1,710,000 | €1,710,000 | = | 0.0% |
| Reserves | 13 | €1,498,956 | €1,665,102 | +€166,146 | +11.1% |
| Non-distributable reserves | 130/1 | €176,500 | €176,500 | = | 0.0% |
| Legal reserve | 130 | €176,500 | €176,500 | = | 0.0% |
| Tax-exempt reserves | 132 | €1,296,578 | €1,296,578 | = | 0.0% |
| Distributable reserves | 133 | €25,878 | €192,024 | +€166,146 | +642% |
| Amounts payable | 17/49 | €4,133,021 | €3,599,660 | -€533,361 | -12.9% |
| Amounts payable after more than one year | 17 | €1,258,673 | €990,609 | -€268,064 | -21.3% |
| Financial debts | 170/4 | €1,258,673 | €990,609 | -€268,064 | -21.3% |
| Amounts payable within one year | 42/48 | €2,874,348 | €2,609,051 | -€265,297 | -9.2% |
| Current portion of amounts payable after more than one year | 42 | €267,524 | €268,064 | +€540 | +0.2% |
| Financial debts | 43 | €375,000 | €375,000 | = | 0.0% |
| Credit institutions | 430/8 | €375,000 | €375,000 | = | 0.0% |
| Trade debts | 44 | €271,996 | €228,126 | -€43,870 | -16.1% |
| Suppliers | 440/4 | €271,996 | €228,126 | -€43,870 | -16.1% |
| Taxes, remuneration and social security | 45 | €109,828 | €37,861 | -€71,967 | -65.5% |
| Taxes | 450/3 | €92,210 | €21,046 | -€71,164 | -77.2% |
| Remuneration and social security | 454/9 | €17,618 | €16,815 | -€803 | -4.6% |
| Other amounts payable | 47/48 | €1,850,000 | €1,700,000 | -€150,000 | -8.1% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €199,981 | €183,051 | -€16,930 | -8.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €359,599 | €377,760 | +€18,162 | +5.1% |
| Other operating charges | 640/8 | €76,498 | €78,212 | +€1,714 | +2.2% |
| Gross operating margin | 9900 | €583,933 | €844,266 | +€260,333 | +44.6% |
| Operating profit (loss) | 9901 | -€52,145 | €205,243 | +€257,388 | |
| Financial income | 75/76B | €309 | €651 | +€342 | +111% |
| Recurring financial income | 75 | €309 | €651 | +€342 | +111% |
| Financial charges | 65/66B | €66,568 | €39,748 | -€26,820 | -40.3% |
| Recurring financial charges | 65 | €66,568 | €39,748 | -€26,820 | -40.3% |
| Profit (loss) for the period before taxes | 9903 | -€118,404 | €166,146 | +€284,550 | |
| Profit (loss) for the period | 9904 | -€118,404 | €166,146 | +€284,550 | |
| Profit (loss) for the period to be appropriated | 9905 | -€118,404 | €166,146 | +€284,550 |
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 19 October 2026 via checked.be.