S.N. CONSTRUCTION: 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.
S.N. CONSTRUCTION
Largest movements
- Receivables within one year +€38,811
up €38,811 (+98.7%), from €39,325 to €78,136
of which Other amounts receivable: +€26,307
- Stocks and contracts -€5,000
down €5,000 (-17.2%), from €29,000 to €24,000
- Cash +€1,148
up €1,148 (+1,234%), from €93 to €1,241
mainly Trade debts (+€20,114) and Net result for the year (+€6,512)
- Trade debts +€20,114
up €20,114 (+378%), from €5,315 to €25,429
- Other debts +€6,432
new in 2025: €6,432
- Contributions +€6,200
up €6,200 (+620,000%), from €1 to €6,201
- Debts after one year -€3,983
down €3,983 (-63.2%), from €6,307 to €2,324
- Tax, wage and social debts +€3,412
up €3,412 (+70.0%), from €4,877 to €8,289
of which Taxes: +€1,983
- Gross operating margin +€18,816
up €18,816 (+34.4%), from €54,656 to €73,472
- Staff costs +€10,613
up €10,613 (+22.3%), from €47,634 to €58,247
- Taxes +€1,677
up €1,677 (+125%), from €1,338 to €3,015
- Financial charges +€988
up €988 (+31.6%), from €3,127 to €4,115
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 | €72,896 | €105,784 | +€32,888 | +45.1% |
| Fixed assets | 21/28 | €1,813 | €785 | -€1,028 | -56.7% |
| Tangible fixed assets | 22/27 | €1,813 | €785 | -€1,028 | -56.7% |
| Plant, machinery and equipment | 23 | €629 | €216 | -€413 | -65.7% |
| Furniture and vehicles | 24 | €1,184 | €569 | -€615 | -51.9% |
| Current assets | 29/58 | €71,083 | €104,999 | +€33,916 | +47.7% |
| Stocks and contracts in progress | 3 | €29,000 | €24,000 | -€5,000 | -17.2% |
| Contracts in progress | 37 | €29,000 | €24,000 | -€5,000 | -17.2% |
| Amounts receivable within one year | 40/41 | €39,325 | €78,136 | +€38,811 | +98.7% |
| Trade receivables | 40 | €5,139 | €17,643 | +€12,504 | +243% |
| Other amounts receivable | 41 | €34,186 | €60,493 | +€26,307 | +77.0% |
| Cash at bank and in hand | 54/58 | €93 | €1,241 | +€1,148 | +1,234% |
| Deferred charges and accrued income | 490/1 | €2,665 | €1,622 | -€1,043 | -39.1% |
| Total equity and liabilities | 10/49 | €72,896 | €105,784 | +€32,888 | +45.1% |
| Equity | 10/15 | €36,152 | €42,664 | +€6,512 | +18.0% |
| Contributions | 10/11 | €1 | €6,201 | +€6,200 | +620,000% |
| Reserves | 13 | €35,700 | €36,000 | +€300 | +0.8% |
| Non-distributable reserves | 130/1 | €6,200 | - | -€6,200 | |
| Reserves not available under the articles | 1311 | €6,200 | - | -€6,200 | |
| Distributable reserves | 133 | €29,500 | €36,000 | +€6,500 | +22.0% |
| Profit (loss) carried forward | 14 | €451 | €463 | +€12 | +2.7% |
| Amounts payable | 17/49 | €36,744 | €63,120 | +€26,376 | +71.8% |
| Amounts payable after more than one year | 17 | €6,307 | €2,324 | -€3,983 | -63.2% |
| Financial debts | 170/4 | €6,307 | €2,324 | -€3,983 | -63.2% |
| Amounts payable within one year | 42/48 | €30,437 | €60,796 | +€30,359 | +99.7% |
| Current portion of amounts payable after more than one year | 42 | €3,983 | €3,983 | = | 0.0% |
| Financial debts | 43 | €16,262 | €16,663 | +€401 | +2.5% |
| Credit institutions | 430/8 | €16,262 | €16,663 | +€401 | +2.5% |
| Trade debts | 44 | €5,315 | €25,429 | +€20,114 | +378% |
| Suppliers | 440/4 | €5,315 | €25,429 | +€20,114 | +378% |
| Taxes, remuneration and social security | 45 | €4,877 | €8,289 | +€3,412 | +70.0% |
| Taxes | 450/3 | €2,387 | €4,370 | +€1,983 | +83.1% |
| Remuneration and social security | 454/9 | €2,490 | €3,919 | +€1,429 | +57.4% |
| Other amounts payable | 47/48 | - | €6,432 | +€6,432 | |
| Remuneration, social security and pensions | 62 | €47,634 | €58,247 | +€10,613 | +22.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,609 | €1,028 | -€581 | -36.1% |
| Other operating charges | 640/8 | €903 | €555 | -€348 | -38.5% |
| Gross operating margin | 9900 | €54,656 | €73,472 | +€18,816 | +34.4% |
| Operating profit (loss) | 9901 | €4,510 | €13,642 | +€9,132 | +202% |
| Financial income | 75/76B | €17 | - | -€17 | |
| Recurring financial income | 75 | €17 | - | -€17 | |
| Financial charges | 65/66B | €3,127 | €4,115 | +€988 | +31.6% |
| Recurring financial charges | 65 | €3,127 | €4,115 | +€988 | +31.6% |
| Profit (loss) for the period before taxes | 9903 | €1,400 | €9,527 | +€8,127 | +581% |
| Income taxes | 67/77 | €1,338 | €3,015 | +€1,677 | +125% |
| Profit (loss) for the period | 9904 | €62 | €6,512 | +€6,450 | +10,403% |
| Profit (loss) for the period to be appropriated | 9905 | €62 | €6,512 | +€6,450 | +10,403% |
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.