SONITHERM: what changed
SONITHERM
Largest movements
- Receivables within one year +€213,093
up €213,093 (+333%), from €64,035 to €277,128
of which Other amounts receivable: +€116,752
- Cash +€50,731
up €50,731 (+315%), from €16,115 to €66,846
mainly Debts after one year (+€145,752) and Net result for the year (+€76,465)
- Tangible fixed assets +€17,800
up €17,800 (+3.5%), from €511,651 to €529,451
of which Land and buildings: +€40,396
- Deferred charges and accrued income -€8,918
no longer reported in 2024 (was €8,918)
- Debts after one year +€145,752
up €145,752 (+262%), from €55,563 to €201,315
- Profit (loss) carried forward +€76,465
up €76,465 (+70.9%), from -€107,777 to -€31,312
- Trade debts +€53,958
up €53,958 (+369%), from €14,636 to €68,594
- Current portion of long-term debt +€21,991
up €21,991 (+47.7%), from €46,150 to €68,141
- Tax, wage and social debts -€16,193
down €16,193 (-30.8%), from €52,515 to €36,322
of which Remuneration and social security: -€20,376
- Gross operating margin +€89,225
up €89,225 (+48.6%), from €183,413 to €272,638
- Depreciation +€26,120
up €26,120 (+108%), from €24,226 to €50,346
- Staff costs -€14,380
down €14,380 (-9.8%), from €146,675 to €132,296
- Financial charges +€6,873
up €6,873 (+582%), from €1,181 to €8,054
Change in the result, 2023 to 2024
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2023 and 2024 balance sheets and the 2024 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €601,054 | €873,760 | +€272,706 | +45.4% |
| Fixed assets | 21/28 | €511,986 | €529,786 | +€17,800 | +3.5% |
| Tangible fixed assets | 22/27 | €511,651 | €529,451 | +€17,800 | +3.5% |
| Land and buildings | 22 | €462,053 | €502,449 | +€40,396 | +8.7% |
| Plant, machinery and equipment | 23 | €46,727 | €23,954 | -€22,773 | -48.7% |
| Furniture and vehicles | 24 | €2,871 | €3,048 | +€177 | +6.2% |
| Financial fixed assets | 28 | €335 | €335 | = | 0.0% |
| Current assets | 29/58 | €89,068 | €343,974 | +€254,906 | +286% |
| Amounts receivable within one year | 40/41 | €64,035 | €277,128 | +€213,093 | +333% |
| Trade receivables | 40 | €64,035 | €160,376 | +€96,340 | +150% |
| Other amounts receivable | 41 | - | €116,752 | +€116,752 | |
| Cash at bank and in hand | 54/58 | €16,115 | €66,846 | +€50,731 | +315% |
| Deferred charges and accrued income | 490/1 | €8,918 | - | -€8,918 | |
| Total equity and liabilities | 10/49 | €601,054 | €873,760 | +€272,706 | +45.4% |
| Equity | 10/15 | €418,924 | €495,389 | +€76,465 | +18.3% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Revaluation surpluses | 12 | €450,000 | €450,000 | = | 0.0% |
| Reserves | 13 | €58,109 | €58,109 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,859 | €1,859 | = | 0.0% |
| Tax-exempt reserves | 132 | €56,250 | €56,250 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€107,777 | -€31,312 | +€76,465 | +70.9% |
| Amounts payable | 17/49 | €182,130 | €378,371 | +€196,241 | +108% |
| Amounts payable after more than one year | 17 | €55,563 | €201,315 | +€145,752 | +262% |
| Financial debts | 170/4 | €55,563 | €201,315 | +€145,752 | +262% |
| Amounts payable within one year | 42/48 | €126,493 | €177,056 | +€50,564 | +40.0% |
| Current portion of amounts payable after more than one year | 42 | €46,150 | €68,141 | +€21,991 | +47.7% |
| Trade debts | 44 | €14,636 | €68,594 | +€53,958 | +369% |
| Suppliers | 440/4 | €14,636 | €68,594 | +€53,958 | +369% |
| Taxes, remuneration and social security | 45 | €52,515 | €36,322 | -€16,193 | -30.8% |
| Taxes | 450/3 | €19,109 | €23,292 | +€4,183 | +21.9% |
| Remuneration and social security | 454/9 | €33,406 | €13,030 | -€20,376 | -61.0% |
| Other amounts payable | 47/48 | €13,192 | €4,000 | -€9,192 | -69.7% |
| Accrued charges and deferred income | 492/3 | €75 | - | -€75 | |
| Remuneration, social security and pensions | 62 | €146,675 | €132,296 | -€14,380 | -9.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €24,226 | €50,346 | +€26,120 | +108% |
| Other operating charges | 640/8 | €5,308 | €5,692 | +€384 | +7.2% |
| Gross operating margin | 9900 | €183,413 | €272,638 | +€89,225 | +48.6% |
| Operating profit (loss) | 9901 | €7,204 | €84,305 | +€77,101 | +1,070% |
| Financial income | 75/76B | €1,114 | €471 | -€643 | -57.7% |
| Recurring financial income | 75 | €1,114 | €471 | -€643 | -57.7% |
| Financial charges | 65/66B | €1,181 | €8,054 | +€6,873 | +582% |
| Recurring financial charges | 65 | €1,181 | €8,054 | +€6,873 | +582% |
| Profit (loss) for the period before taxes | 9903 | €7,137 | €76,722 | +€69,585 | +975% |
| Income taxes | 67/77 | €264 | €257 | -€7 | -2.7% |
| Profit (loss) for the period | 9904 | €6,872 | €76,465 | +€69,592 | +1,013% |
| Profit (loss) for the period to be appropriated | 9905 | €6,872 | €76,465 | +€69,592 | +1,013% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Green is a favourable move for that line, red an unfavourable one. Prepared on 6 November 2026 via checked.be.