S.N.S.: 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.S.
Largest movements
- Cash +€64,747
up €64,747 (+70.7%), from €91,594 to €156,340
mainly Net result for the year (+€71,456) and Depreciation (+€12,642)
- Receivables within one year +€9,073
up €9,073 (+239%), from €3,803 to €12,876
of which Trade receivables: +€10,848
- Reserves +€71,456
up €71,456 (+53.9%), from €132,458 to €203,915
- Tax, wage and social debts +€8,167
up €8,167 (+169%), from €4,822 to €12,990
- Current portion of long-term debt -€5,550
no longer reported in 2025 (was €5,550)
- Gross operating margin +€35,819
up €35,819 (+45.2%), from €79,173 to €114,992
- Taxes +€7,859
up €7,859 (+38.7%), from €20,301 to €28,159
- Depreciation +€3,106
up €3,106 (+32.6%), from €9,536 to €12,642
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 | €151,284 | €227,170 | +€75,886 | +50.2% |
| Fixed assets | 21/28 | €25,300 | €27,262 | +€1,962 | +7.8% |
| Tangible fixed assets | 22/27 | €25,300 | €27,262 | +€1,962 | +7.8% |
| Plant, machinery and equipment | 23 | €2,060 | €4,335 | +€2,275 | +110% |
| Furniture and vehicles | 24 | €19,114 | €22,927 | +€3,813 | +20.0% |
| Leasing and similar rights | 25 | €4,126 | - | -€4,126 | |
| Current assets | 29/58 | €125,984 | €199,908 | +€73,924 | +58.7% |
| Amounts receivable after more than one year | 29 | €30,000 | €30,000 | = | 0.0% |
| Other amounts receivable | 291 | €30,000 | €30,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €3,803 | €12,876 | +€9,073 | +239% |
| Trade receivables | 40 | - | €10,848 | +€10,848 | |
| Other amounts receivable | 41 | €3,803 | €2,028 | -€1,775 | -46.7% |
| Cash at bank and in hand | 54/58 | €91,594 | €156,340 | +€64,747 | +70.7% |
| Deferred charges and accrued income | 490/1 | €587 | €692 | +€104 | +17.8% |
| Total equity and liabilities | 10/49 | €151,284 | €227,170 | +€75,886 | +50.2% |
| Equity | 10/15 | €132,558 | €204,015 | +€71,456 | +53.9% |
| Contributions | 10/11 | €100 | €100 | = | 0.0% |
| Reserves | 13 | €132,458 | €203,915 | +€71,456 | +53.9% |
| Distributable reserves | 133 | €132,458 | €203,915 | +€71,456 | +53.9% |
| Amounts payable | 17/49 | €18,725 | €23,155 | +€4,430 | +23.7% |
| Amounts payable within one year | 42/48 | €17,385 | €21,759 | +€4,374 | +25.2% |
| Current portion of amounts payable after more than one year | 42 | €5,550 | - | -€5,550 | |
| Trade debts | 44 | €3,588 | €5,719 | +€2,131 | +59.4% |
| Suppliers | 440/4 | €3,588 | €5,719 | +€2,131 | +59.4% |
| Advances received on contracts in progress | 46 | €800 | - | -€800 | |
| Taxes, remuneration and social security | 45 | €4,822 | €12,990 | +€8,167 | +169% |
| Taxes | 450/3 | €4,822 | €12,990 | +€8,167 | +169% |
| Other amounts payable | 47/48 | €2,625 | €3,050 | +€425 | +16.2% |
| Accrued charges and deferred income | 492/3 | €1,340 | €1,396 | +€56 | +4.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,536 | €12,642 | +€3,106 | +32.6% |
| Other operating charges | 640/8 | €1,482 | €878 | -€603 | -40.7% |
| Gross operating margin | 9900 | €79,173 | €114,992 | +€35,819 | +45.2% |
| Operating profit (loss) | 9901 | €68,155 | €101,472 | +€33,317 | +48.9% |
| Financial income | 75/76B | €522 | €573 | +€52 | +9.9% |
| Recurring financial income | 75 | €522 | €573 | +€52 | +9.9% |
| Financial charges | 65/66B | €2,793 | €2,430 | -€364 | -13.0% |
| Recurring financial charges | 65 | €2,793 | €2,430 | -€364 | -13.0% |
| Profit (loss) for the period before taxes | 9903 | €65,884 | €99,616 | +€33,732 | +51.2% |
| Income taxes | 67/77 | €20,301 | €28,159 | +€7,859 | +38.7% |
| Profit (loss) for the period | 9904 | €45,583 | €71,456 | +€25,873 | +56.8% |
| Profit (loss) for the period to be appropriated | 9905 | €45,583 | €71,456 | +€25,873 | +56.8% |
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 27 October 2026 via checked.be.