S.N.N. ELECTRIC: what changed
What changed
S.N.N. ELECTRIC
NACE 43.211, General electrical installation work
filed annual accounts (NBB)
Net result for the year
€15,389
2024 · €38,106-€22,718
Equity
€234,501
2024 · €219,113+€15,389
Cash
€19,011
2024 · €16,379+€2,631
Balance sheet total
€348,086
2024 · €354,217-€6,132
Largest movements
Assets
- Tangible fixed assets -€25,969
down €25,969 (-35.8%), from €72,494 to €46,526
of which Furniture and vehicles: -€25,649
- Receivables within one year +€17,150
up €17,150 (+6.5%), from €263,835 to €280,985
of which Other amounts receivable: +€10,411
Equity and liabilities
- Trade debts -€23,399
down €23,399 (-49.6%), from €47,198 to €23,799
- Reserves +€15,000
up €15,000 (+150%), from €10,000 to €25,000
- Debts after one year -€10,767
down €10,767 (-27.6%), from €38,941 to €28,175
- Accrued charges and deferred income +€7,594
up €7,594 (+479%), from €1,584 to €9,178
- Tax, wage and social debts +€6,063
up €6,063 (+17.0%), from €35,602 to €41,666
of which Taxes: +€18,861
Income statement
- Gross operating margin -€32,136
down €32,136 (-32.2%), from €99,653 to €67,517
- Staff costs -€8,098
down €8,098 (-37.9%), from €21,363 to €13,266
- Taxes +€5,817
up €5,817 (+38.8%), from €15,000 to €20,817
- Other operating charges -€4,498
down €4,498 (-92.1%), from €4,885 to €387
- Depreciation -€2,374
down €2,374 (-13.1%), from €18,124 to €15,750
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€38,106
Gross operating margin
-€32,136
Staff costs
+€8,098
Depreciation
+€2,374
Other operating charges
+€4,498
Other operating items
-€1,953
Financial income
+€2,318
Financial charges
-€98
Taxes
-€5,817
Result 2025
€15,389
raises the resultlowers the resultnot broken down further in the accounts
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€4,192
Investment
+€10,218
Financing
-€11,779
Cash 2024
€16,379
From operations (derived)
+€4,192
Net result for the year
+€15,389
Depreciation
+€15,750
Receivables within one year
-€17,150
Deferred charges and accrued income
-€55
Trade debts
-€23,399
Tax, wage and social debts
+€6,063
Accrued charges and deferred income
+€7,594
Investment (derived)
+€10,218
Investment in fixed assets (net)
+€10,218
Financing
-€11,779
Debts after one year
-€10,767
Current portion of long-term debt
-€1,012
Cash 2025
€19,011
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €354,217 | €348,086 | -€6,132 | -1.7% |
| Fixed assets | 21/28 | €72,494 | €46,526 | -€25,969 | -35.8% |
| Tangible fixed assets | 22/27 | €72,494 | €46,526 | -€25,969 | -35.8% |
| Plant, machinery and equipment | 23 | €651 | €331 | -€320 | -49.1% |
| Furniture and vehicles | 24 | €71,843 | €46,194 | -€25,649 | -35.7% |
| Current assets | 29/58 | €281,723 | €301,560 | +€19,837 | +7.0% |
| Amounts receivable within one year | 40/41 | €263,835 | €280,985 | +€17,150 | +6.5% |
| Trade receivables | 40 | €58,177 | €64,916 | +€6,739 | +11.6% |
| Other amounts receivable | 41 | €205,658 | €216,069 | +€10,411 | +5.1% |
| Cash at bank and in hand | 54/58 | €16,379 | €19,011 | +€2,631 | +16.1% |
| Deferred charges and accrued income | 490/1 | €1,509 | €1,565 | +€55 | +3.7% |
| Total equity and liabilities | 10/49 | €354,217 | €348,086 | -€6,132 | -1.7% |
| Equity | 10/15 | €219,113 | €234,501 | +€15,389 | +7.0% |
| Contributions | 10/11 | €7,000 | €7,000 | = | 0.0% |
| Reserves | 13 | €10,000 | €25,000 | +€15,000 | +150% |
| Distributable reserves | 133 | €10,000 | €25,000 | +€15,000 | +150% |
| Profit (loss) carried forward | 14 | €202,113 | €202,501 | +€389 | +0.2% |
| Amounts payable | 17/49 | €135,104 | €113,584 | -€21,520 | -15.9% |
| Amounts payable after more than one year | 17 | €38,941 | €28,175 | -€10,767 | -27.6% |
| Financial debts | 170/4 | €38,941 | €28,175 | -€10,767 | -27.6% |
| Amounts payable within one year | 42/48 | €94,579 | €76,231 | -€18,348 | -19.4% |
| Current portion of amounts payable after more than one year | 42 | €11,779 | €10,767 | -€1,012 | -8.6% |
| Trade debts | 44 | €47,198 | €23,799 | -€23,399 | -49.6% |
| Suppliers | 440/4 | €47,198 | €23,799 | -€23,399 | -49.6% |
| Taxes, remuneration and social security | 45 | €35,602 | €41,666 | +€6,063 | +17.0% |
| Taxes | 450/3 | €20,956 | €39,817 | +€18,861 | +90.0% |
| Remuneration and social security | 454/9 | €14,647 | €1,849 | -€12,798 | -87.4% |
| Accrued charges and deferred income | 492/3 | €1,584 | €9,178 | +€7,594 | +479% |
| Non-recurring operating income | 76A | €19,287 | - | -€19,287 | |
| Remuneration, social security and pensions | 62 | €21,363 | €13,266 | -€8,098 | -37.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,124 | €15,750 | -€2,374 | -13.1% |
| Other operating charges | 640/8 | €4,885 | €387 | -€4,498 | -92.1% |
| Non-recurring operating charges | 66A | - | €1,953 | +€1,953 | |
| Gross operating margin | 9900 | €99,653 | €67,517 | -€32,136 | -32.2% |
| Operating profit (loss) | 9901 | €55,281 | €36,161 | -€19,120 | -34.6% |
| Financial income | 75/76B | €0 | €2,318 | +€2,318 | +4,635,620% |
| Recurring financial income | 75 | €0 | €2,318 | +€2,318 | +4,635,620% |
| Financial charges | 65/66B | €2,175 | €2,273 | +€98 | +4.5% |
| Recurring financial charges | 65 | €2,175 | €2,273 | +€98 | +4.5% |
| Profit (loss) for the period before taxes | 9903 | €53,106 | €36,205 | -€16,901 | -31.8% |
| Income taxes | 67/77 | €15,000 | €20,817 | +€5,817 | +38.8% |
| Profit (loss) for the period | 9904 | €38,106 | €15,389 | -€22,718 | -59.6% |
| Profit (loss) for the period to be appropriated | 9905 | €38,106 | €15,389 | -€22,718 | -59.6% |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 8 November 2026 via checked.be.