SONELEC: 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.
SONELEC
Largest movements
- Receivables within one year +€6,830
up €6,830 (+32.2%), from €21,232 to €28,063
of which Trade receivables: +€6,041
- Cash -€6,668
down €6,668 (-89.7%), from €7,430 to €762
mainly Tax, wage and social debts (-€11,052) and Trade debts (-€7,162)
- Stocks and contracts -€3,624
down €3,624 (-35.7%), from €10,149 to €6,525
- Deferred charges and accrued income -€1,759
down €1,759 (-42.2%), from €4,169 to €2,410
- Tangible fixed assets -€996
down €996 (-8.8%), from €11,271 to €10,275
of which Other tangible fixed assets: -€796
- Debts after one year +€13,356
new in 2025: €13,356
- Tax, wage and social debts -€11,052
down €11,052 (-91.8%), from €12,043 to €991
of which Taxes: -€7,720
- Trade debts -€7,162
down €7,162 (-50.0%), from €14,316 to €7,154
- Current portion of long-term debt +€4,531
new in 2025: €4,531
- Profit (loss) carried forward -€3,825
down €3,825 (-17.8%), from -€21,489 to -€25,314
- Gross operating margin +€41,675
up €41,675, from -€29,610 to €12,065
- Staff costs -€5,817
down €5,817 (-39.7%), from €14,645 to €8,827
- Other operating charges -€1,674
down €1,674 (-53.2%), from €3,146 to €1,472
- Financial charges -€652
down €652 (-12.2%), from €5,336 to €4,685
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 | €54,276 | €48,059 | -€6,217 | -11.5% |
| Fixed assets | 21/28 | €11,296 | €10,300 | -€996 | -8.8% |
| Tangible fixed assets | 22/27 | €11,271 | €10,275 | -€996 | -8.8% |
| Furniture and vehicles | 24 | €644 | €444 | -€200 | -31.0% |
| Other tangible fixed assets | 26 | €10,626 | €9,830 | -€796 | -7.5% |
| Financial fixed assets | 28 | €25 | €25 | = | 0.0% |
| Current assets | 29/58 | €42,980 | €37,759 | -€5,221 | -12.1% |
| Stocks and contracts in progress | 3 | €10,149 | €6,525 | -€3,624 | -35.7% |
| Stocks | 30/36 | €10,149 | €6,525 | -€3,624 | -35.7% |
| Amounts receivable within one year | 40/41 | €21,232 | €28,063 | +€6,830 | +32.2% |
| Trade receivables | 40 | €6,630 | €12,671 | +€6,041 | +91.1% |
| Other amounts receivable | 41 | €14,602 | €15,392 | +€789 | +5.4% |
| Cash at bank and in hand | 54/58 | €7,430 | €762 | -€6,668 | -89.7% |
| Deferred charges and accrued income | 490/1 | €4,169 | €2,410 | -€1,759 | -42.2% |
| Total equity and liabilities | 10/49 | €54,276 | €48,059 | -€6,217 | -11.5% |
| Equity | 10/15 | €25,851 | €22,026 | -€3,825 | -14.8% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €41,140 | €41,140 | = | 0.0% |
| Tax-exempt reserves | 132 | €6,000 | €6,000 | = | 0.0% |
| Distributable reserves | 133 | €35,140 | €35,140 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€21,489 | -€25,314 | -€3,825 | -17.8% |
| Amounts payable | 17/49 | €28,425 | €26,033 | -€2,392 | -8.4% |
| Amounts payable after more than one year | 17 | - | €13,356 | +€13,356 | |
| Financial debts | 170/4 | - | €13,356 | +€13,356 | |
| Amounts payable within one year | 42/48 | €28,425 | €12,676 | -€15,749 | -55.4% |
| Current portion of amounts payable after more than one year | 42 | - | €4,531 | +€4,531 | |
| Financial debts | 43 | €2,065 | - | -€2,065 | |
| Credit institutions | 430/8 | €2,065 | - | -€2,065 | |
| Trade debts | 44 | €14,316 | €7,154 | -€7,162 | -50.0% |
| Suppliers | 440/4 | €14,316 | €7,154 | -€7,162 | -50.0% |
| Taxes, remuneration and social security | 45 | €12,043 | €991 | -€11,052 | -91.8% |
| Taxes | 450/3 | €7,912 | €192 | -€7,720 | -97.6% |
| Remuneration and social security | 454/9 | €4,131 | €799 | -€3,332 | -80.7% |
| Non-recurring operating income | 76A | - | €10,693 | +€10,693 | |
| Remuneration, social security and pensions | 62 | €14,645 | €8,827 | -€5,817 | -39.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €998 | €996 | -€2 | -0.2% |
| Other operating charges | 640/8 | €3,146 | €1,472 | -€1,674 | -53.2% |
| Non-recurring operating charges | 66A | €620 | - | -€620 | |
| Gross operating margin | 9900 | -€29,610 | €12,065 | +€41,675 | |
| Operating profit (loss) | 9901 | -€49,019 | €769 | +€49,787 | |
| Financial income | 75/76B | €360 | €267 | -€93 | -25.9% |
| Recurring financial income | 75 | €360 | €267 | -€93 | -25.9% |
| Financial charges | 65/66B | €5,336 | €4,685 | -€652 | -12.2% |
| Recurring financial charges | 65 | €5,336 | €4,685 | -€652 | -12.2% |
| Profit (loss) for the period before taxes | 9903 | -€53,995 | -€3,649 | +€50,346 | +93.2% |
| Income taxes | 67/77 | €208 | €176 | -€33 | -15.6% |
| Profit (loss) for the period | 9904 | -€54,203 | -€3,825 | +€50,379 | +92.9% |
| Profit (loss) for the period to be appropriated | 9905 | -€54,203 | -€3,825 | +€50,379 | +92.9% |
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 14 October 2026 via checked.be.