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
- Receivables within one year +€4,459
up €4,459 (+10.0%), from €44,787 to €49,247
of which Other amounts receivable: +€5,331
- Tangible fixed assets -€1,219
down €1,219 (-16.1%), from €7,548 to €6,330
of which Furniture and vehicles: -€1,219
- Other debts +€24,500
new in 2025: €24,500
- Reserves -€12,439
down €12,439 (-86.5%), from €14,372 to €1,934
of which Distributable reserves: -€12,439
- Debts after one year -€7,488
down €7,488 (-69.3%), from €10,812 to €3,324
- Tax, wage and social debts +€2,449
up €2,449 (+43.2%), from €5,665 to €8,114
of which Taxes: +€2,449
- Trade debts -€1,481
down €1,481 (-70.5%), from €2,101 to €620
- Gross operating margin -€24,062
down €24,062 (-57.8%), from €41,643 to €17,581
- Staff costs -€6,751
down €6,751, from €6,690 to -€61
- Taxes +€3,282
up €3,282 (+1968.5%), from €167 to €3,449
- Financial charges -€1,584
down €1,584 (-53.0%), from €2,988 to €1,404
- Other operating charges -€1,321
down €1,321 (-69.0%), from €1,914 to €593
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
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 | €60,534 | €64,530 | +€3,996 | +6.6% |
| Fixed assets | 21/28 | €7,548 | €6,330 | -€1,219 | -16.1% |
| Tangible fixed assets | 22/27 | €7,548 | €6,330 | -€1,219 | -16.1% |
| Plant, machinery and equipment | 23 | €0 | - | = | |
| Furniture and vehicles | 24 | €7,548 | €6,330 | -€1,219 | -16.1% |
| Current assets | 29/58 | €52,986 | €58,200 | +€5,215 | +9.8% |
| Stocks and contracts in progress | 3 | €0 | - | = | |
| Stocks | 30/36 | €0 | - | = | |
| Amounts receivable within one year | 40/41 | €44,787 | €49,247 | +€4,459 | +10.0% |
| Trade receivables | 40 | €9,780 | €8,909 | -€871 | -8.9% |
| Other amounts receivable | 41 | €35,007 | €40,338 | +€5,331 | +15.2% |
| Cash at bank and in hand | 54/58 | €6,084 | €6,444 | +€360 | +5.9% |
| Deferred charges and accrued income | 490/1 | €2,114 | €2,510 | +€395 | +18.7% |
| Total equity and liabilities | 10/49 | €60,534 | €64,530 | +€3,996 | +6.6% |
| Equity | 10/15 | €32,922 | €20,484 | -€12,439 | -37.8% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Reserves | 13 | €14,372 | €1,934 | -€12,439 | -86.5% |
| Non-distributable reserves | 130/1 | €1,610 | €1,610 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,610 | €1,610 | = | 0.0% |
| Distributable reserves | 133 | €12,762 | €323 | -€12,439 | -97.5% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €27,611 | €44,046 | +€16,435 | +59.5% |
| Amounts payable after more than one year | 17 | €10,812 | €3,324 | -€7,488 | -69.3% |
| Financial debts | 170/4 | €10,812 | €3,324 | -€7,488 | -69.3% |
| Amounts payable within one year | 42/48 | €16,155 | €40,723 | +€24,568 | +152.1% |
| Current portion of amounts payable after more than one year | 42 | €8,388 | €7,488 | -€900 | -10.7% |
| Trade debts | 44 | €2,101 | €620 | -€1,481 | -70.5% |
| Suppliers | 440/4 | €2,101 | €620 | -€1,481 | -70.5% |
| Taxes, remuneration and social security | 45 | €5,665 | €8,114 | +€2,449 | +43.2% |
| Taxes | 450/3 | €5,665 | €8,114 | +€2,449 | +43.2% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | - | €24,500 | +€24,500 | |
| Accrued charges and deferred income | 492/3 | €645 | €0 | -€645 | -100.0% |
| Non-recurring operating income | 76A | €8,277 | €0 | -€8,277 | -100.0% |
| Remuneration, social security and pensions | 62 | €6,690 | -€61 | -€6,751 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,130 | €2,155 | +€25 | +1.2% |
| Other operating charges | 640/8 | €1,914 | €593 | -€1,321 | -69.0% |
| Gross operating margin | 9900 | €41,643 | €17,581 | -€24,062 | -57.8% |
| Operating profit (loss) | 9901 | €30,909 | €14,894 | -€16,016 | -51.8% |
| Financial income | 75/76B | €1,023 | €2,020 | +€997 | +97.5% |
| Recurring financial income | 75 | €1,023 | €2,020 | +€997 | +97.5% |
| Financial charges | 65/66B | €2,988 | €1,404 | -€1,584 | -53.0% |
| Recurring financial charges | 65 | €2,988 | €1,404 | -€1,584 | -53.0% |
| Profit (loss) for the period before taxes | 9903 | €28,945 | €15,510 | -€13,434 | -46.4% |
| Income taxes | 67/77 | €167 | €3,449 | +€3,282 | +1968.5% |
| Profit (loss) for the period | 9904 | €28,778 | €12,061 | -€16,717 | -58.1% |
| Profit (loss) for the period to be appropriated | 9905 | €28,778 | €12,061 | -€16,717 | -58.1% |
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 9 October 2026 via checked.be.