S N K: 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 K
Largest movements
- Receivables within one year +€30,043
up €30,043 (+3,305%), from €909 to €30,952
of which Other amounts receivable: +€23,971
- Tangible fixed assets -€14,403
down €14,403 (-14.3%), from €100,623 to €86,220
of which Land and buildings: -€8,239
- Cash -€12,301
down €12,301 (-98.6%), from €12,471 to €170
mainly Receivables within one year (-€30,043) and Other debts (-€1,500)
- Trade debts +€4,752
up €4,752 (+1,160%), from €410 to €5,162
- Other debts -€1,500
down €1,500 (-38.9%), from €3,855 to €2,355
- Tax, wage and social debts -€1,370
down €1,370 (-18.8%), from €7,277 to €5,907
of which Remuneration and social security: -€2,000
- Gross operating margin -€2,978
down €2,978 (-13.2%), from €22,559 to €19,581
- Taxes -€1,014
down €1,014, from €1,011 to -€3
- Financial charges -€344
down €344 (-34.5%), from €998 to €654
- Other operating charges +€299
up €299 (+15.8%), from €1,893 to €2,192
- Depreciation +€298
up €298 (+1.9%), from €15,490 to €15,788
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 | €114,948 | €117,342 | +€2,394 | +2.1% |
| Fixed assets | 21/28 | €100,773 | €86,220 | -€14,553 | -14.4% |
| Tangible fixed assets | 22/27 | €100,623 | €86,220 | -€14,403 | -14.3% |
| Land and buildings | 22 | €82,075 | €73,836 | -€8,239 | -10.0% |
| Plant, machinery and equipment | 23 | €13,798 | €8,271 | -€5,527 | -40.1% |
| Furniture and vehicles | 24 | €4,750 | €4,113 | -€637 | -13.4% |
| Financial fixed assets | 28 | €150 | - | -€150 | |
| Current assets | 29/58 | €14,175 | €31,122 | +€16,947 | +120% |
| Stocks and contracts in progress | 3 | €795 | - | -€795 | |
| Stocks | 30/36 | €795 | - | -€795 | |
| Amounts receivable within one year | 40/41 | €909 | €30,952 | +€30,043 | +3,305% |
| Trade receivables | 40 | - | €6,072 | +€6,072 | |
| Other amounts receivable | 41 | €909 | €24,880 | +€23,971 | +2,637% |
| Cash at bank and in hand | 54/58 | €12,471 | €170 | -€12,301 | -98.6% |
| Total equity and liabilities | 10/49 | €114,948 | €117,342 | +€2,394 | +2.1% |
| Equity | 10/15 | €103,406 | €103,918 | +€512 | +0.5% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Contributions outside capital | 11 | €18,600 | - | -€18,600 | |
| Other | 1109/19 | €18,600 | - | -€18,600 | |
| Reserves | 13 | €84,806 | €85,318 | +€512 | +0.6% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €82,946 | €83,458 | +€512 | +0.6% |
| Amounts payable | 17/49 | €11,542 | €13,424 | +€1,882 | +16.3% |
| Amounts payable within one year | 42/48 | €11,542 | €13,424 | +€1,882 | +16.3% |
| Trade debts | 44 | €410 | €5,162 | +€4,752 | +1,160% |
| Suppliers | 440/4 | €410 | €5,162 | +€4,752 | +1,160% |
| Taxes, remuneration and social security | 45 | €7,277 | €5,907 | -€1,370 | -18.8% |
| Taxes | 450/3 | €5,277 | €5,907 | +€630 | +11.9% |
| Remuneration and social security | 454/9 | €2,000 | - | -€2,000 | |
| Other amounts payable | 47/48 | €3,855 | €2,355 | -€1,500 | -38.9% |
| Non-recurring operating income | 76A | - | €4,632 | +€4,632 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,490 | €15,788 | +€298 | +1.9% |
| Other operating charges | 640/8 | €1,893 | €2,192 | +€299 | +15.8% |
| Non-recurring operating charges | 66A | - | €150 | +€150 | |
| Gross operating margin | 9900 | €22,559 | €19,581 | -€2,978 | -13.2% |
| Operating profit (loss) | 9901 | €5,176 | €1,451 | -€3,725 | -72.0% |
| Financial income | 75/76B | €5 | - | -€5 | |
| Recurring financial income | 75 | €5 | - | -€5 | |
| Financial charges | 65/66B | €998 | €654 | -€344 | -34.5% |
| Recurring financial charges | 65 | €998 | €654 | -€344 | -34.5% |
| Profit (loss) for the period before taxes | 9903 | €4,182 | €797 | -€3,385 | -80.9% |
| Income taxes | 67/77 | €1,011 | -€3 | -€1,014 | |
| Profit (loss) for the period | 9904 | €3,171 | €800 | -€2,371 | -74.8% |
| Profit (loss) for the period to be appropriated | 9905 | €3,171 | €800 | -€2,371 | -74.8% |
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 29 October 2026 via checked.be.