S&N: what changed
Two fiscal 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.
S&N
Largest movements
- Stocks and contracts +€2,041
up €2,041 (+2.4%), from €84,024 to €86,065
- Other debts +€1,881
up €1,881 (+9.9%), from €19,024 to €20,905
- Turnover -€13,421
down €13,421 (-54.2%), from €24,766 to €11,345
- Purchases and services -€13,284
down €13,284 (-54.5%), from €24,361 to €11,077
- Other operating charges -€279
down €279 (-72.1%), from €387 to €108
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.
Cash bridge derived
Cash or the result is not a separate line in both sets of accounts; the cash flow cannot be derived from them.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €84,024 | €86,065 | +€2,041 | +2.4% |
| Current assets | 29/58 | €84,024 | €86,065 | +€2,041 | +2.4% |
| Stocks and contracts in progress | 3 | €84,024 | €86,065 | +€2,041 | +2.4% |
| Stocks | 30/36 | €84,024 | €86,065 | +€2,041 | +2.4% |
| Total equity and liabilities | 10/49 | €84,024 | €86,065 | +€2,041 | +2.4% |
| Equity | 10/15 | €20,000 | €20,160 | +€160 | +0.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Capital | 10 | €18,600 | €18,600 | = | 0.0% |
| Issued capital | 100 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,400 | €1,560 | +€160 | +11.4% |
| Amounts payable | 17/49 | €64,024 | €65,905 | +€1,881 | +2.9% |
| Amounts payable within one year | 42/48 | €64,024 | €65,905 | +€1,881 | +2.9% |
| Financial debts | 43 | €45,000 | €45,000 | = | 0.0% |
| Other loans | 439 | €45,000 | €45,000 | = | 0.0% |
| Other amounts payable | 47/48 | €19,024 | €20,905 | +€1,881 | +9.9% |
| Turnover | 70 | €24,766 | €11,345 | -€13,421 | -54.2% |
| Goods, raw materials, services and sundry goods | 60/61 | €24,361 | €11,077 | -€13,284 | -54.5% |
| Other operating charges | 640/8 | €387 | €108 | -€279 | -72.1% |
| Gross operating margin | 9900 | €405 | €268 | -€137 | -33.8% |
| Operating profit (loss) | 9901 | €18 | €160 | +€142 | +788.9% |
| Profit (loss) for the period before taxes | 9903 | €18 | €160 | +€142 | +788.9% |
| Profit (loss) for the period | 9904 | €18 | €160 | +€142 | +788.9% |
| Profit (loss) for the period to be appropriated | 9905 | €18 | €160 | +€142 | +788.9% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.