S.N.G. SERVICES: 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.G. SERVICES
Largest movements
- Receivables within one year +€1.7m
up €1.7m (+383%), from €435,330 to €2.1m
of which Other amounts receivable: +€1.7m
- Current investments +€508,252
up €508,252 (+1,078%), from €47,150 to €555,402
- Cash -€185,229
down €185,229 (-76.5%), from €242,125 to €56,896
mainly Receivables within one year (-€1.7m) and Current investments (-€508,252)
- Reserves +€2.2m
up €2.2m (+732%), from €299,348 to €2.5m
of which Distributable reserves: +€2.2m
- Tax, wage and social debts -€255,037
down €255,037 (-98.1%), from €260,032 to €4,995
of which Remuneration and social security: -€215,900
- Other debts +€75,245
up €75,245 (+41.6%), from €180,908 to €256,152
- Financial income +€3.0m
up €3.0m (+158,761%), from €1,876 to €3.0m
of which Non-recurring financial income: +€3.0m
- Gross operating margin +€113,408
up €113,408 (+77.9%), from €145,673 to €259,081
- Staff costs -€53,072
down €53,072 (-100%), from €53,072 to €0
- Taxes +€40,987
up €40,987 (+520%), from €7,886 to €48,873
- Financial charges +€33,614
up €33,614 (+147%), from €22,810 to €56,424
of which Non-recurring financial charges: +€30,749
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 | €983,535 | €2,960,784 | +€2.0m | +201% |
| Fixed assets | 21/28 | €252,423 | €238,353 | -€14,071 | -5.6% |
| Tangible fixed assets | 22/27 | €227,363 | €203,302 | -€24,062 | -10.6% |
| Land and buildings | 22 | €209,581 | €188,192 | -€21,389 | -10.2% |
| Furniture and vehicles | 24 | €16,832 | €14,160 | -€2,673 | -15.9% |
| Other tangible fixed assets | 26 | €950 | €950 | = | 0.0% |
| Financial fixed assets | 28 | €25,060 | €35,051 | +€9,991 | +39.9% |
| Current assets | 29/58 | €731,112 | €2,722,431 | +€2.0m | +272% |
| Amounts receivable within one year | 40/41 | €435,330 | €2,103,650 | +€1.7m | +383% |
| Trade receivables | 40 | €69,248 | €69,205 | -€43 | -0.1% |
| Other amounts receivable | 41 | €366,082 | €2,034,444 | +€1.7m | +456% |
| Current investments | 50/53 | €47,150 | €555,402 | +€508,252 | +1,078% |
| Cash at bank and in hand | 54/58 | €242,125 | €56,896 | -€185,229 | -76.5% |
| Deferred charges and accrued income | 490/1 | €6,507 | €6,483 | -€24 | -0.4% |
| Total equity and liabilities | 10/49 | €983,535 | €2,960,784 | +€2.0m | +201% |
| Equity | 10/15 | €317,898 | €2,511,396 | +€2.2m | +690% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Reserves | 13 | €299,348 | €2,489,348 | +€2.2m | +732% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €299,348 | €2,489,348 | +€2.2m | +732% |
| Profit (loss) carried forward | 14 | €0 | €3,498 | +€3,498 | |
| Amounts payable | 17/49 | €665,637 | €449,388 | -€216,249 | -32.5% |
| Amounts payable after more than one year | 17 | €176,667 | €156,667 | -€20,000 | -11.3% |
| Financial debts | 170/4 | €176,667 | €156,667 | -€20,000 | -11.3% |
| Amounts payable within one year | 42/48 | €488,971 | €292,722 | -€196,249 | -40.1% |
| Current portion of amounts payable after more than one year | 42 | €20,000 | €20,000 | = | 0.0% |
| Trade debts | 44 | €28,032 | €11,574 | -€16,457 | -58.7% |
| Suppliers | 440/4 | €28,032 | €11,574 | -€16,457 | -58.7% |
| Taxes, remuneration and social security | 45 | €260,032 | €4,995 | -€255,037 | -98.1% |
| Taxes | 450/3 | €44,131 | €4,995 | -€39,136 | -88.7% |
| Remuneration and social security | 454/9 | €215,900 | €0 | -€215,900 | -100% |
| Other amounts payable | 47/48 | €180,908 | €256,152 | +€75,245 | +41.6% |
| Remuneration, social security and pensions | 62 | €53,072 | €0 | -€53,072 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €30,670 | €27,372 | -€3,299 | -10.8% |
| Other operating charges | 640/8 | €25,380 | €13,069 | -€12,311 | -48.5% |
| Non-recurring operating charges | 66A | - | €900,000 | +€900,000 | |
| Gross operating margin | 9900 | €145,673 | €259,081 | +€113,408 | +77.9% |
| Operating profit (loss) | 9901 | €36,550 | -€681,359 | -€717,910 | |
| Financial income | 75/76B | €1,876 | €2,980,986 | +€3.0m | +158,761% |
| Recurring financial income | 75 | €1,876 | €2,246 | +€370 | +19.7% |
| Non-recurring financial income | 76B | - | €2,978,740 | +€3.0m | |
| Financial charges | 65/66B | €22,810 | €56,424 | +€33,614 | +147% |
| Recurring financial charges | 65 | €22,810 | €25,675 | +€2,865 | +12.6% |
| Non-recurring financial charges | 66B | - | €30,749 | +€30,749 | |
| Profit (loss) for the period before taxes | 9903 | €15,617 | €2,243,203 | +€2.2m | +14,264% |
| Income taxes | 67/77 | €7,886 | €48,873 | +€40,987 | +520% |
| Profit (loss) for the period | 9904 | €7,731 | €2,194,331 | +€2.2m | +28,285% |
| Profit (loss) for the period to be appropriated | 9905 | €7,731 | €2,194,331 | +€2.2m | +28,285% |
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 18 October 2026 via checked.be.