S.N.T.: 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.T.
Largest movements
- Receivables within one year +€33,669
up €33,669 (+24.7%), from €136,292 to €169,962
- Tangible fixed assets -€25,114
down €25,114 (-8.9%), from €283,490 to €258,375
of which Land and buildings: -€22,220
- Cash -€7,726
down €7,726 (-56.2%), from €13,744 to €6,018
mainly Receivables within one year (-€33,669) and Debts after one year (-€19,368)
- Debts after one year -€19,368
down €19,368 (-7.2%), from €269,346 to €249,977
- Tax, wage and social debts +€12,966
up €12,966 (+32.7%), from €39,621 to €52,587
of which Remuneration and social security: +€11,811
- Gross operating margin -€36,124
down €36,124 (-24.8%), from €145,766 to €109,642
- Staff costs -€25,366
down €25,366 (-26.0%), from €97,419 to €72,053
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 | €440,058 | €438,627 | -€1,431 | -0.3% |
| Fixed assets | 21/28 | €283,490 | €258,375 | -€25,114 | -8.9% |
| Tangible fixed assets | 22/27 | €283,490 | €258,375 | -€25,114 | -8.9% |
| Land and buildings | 22 | €279,385 | €257,165 | -€22,220 | -8.0% |
| Plant, machinery and equipment | 23 | €2,234 | €1,117 | -€1,117 | -50.0% |
| Furniture and vehicles | 24 | €1,111 | - | -€1,111 | |
| Leasing and similar rights | 25 | €760 | - | -€760 | |
| Other tangible fixed assets | 26 | - | €94 | +€94 | |
| Current assets | 29/58 | €156,569 | €180,252 | +€23,683 | +15.1% |
| Stocks and contracts in progress | 3 | €5,565 | €3,897 | -€1,668 | -30.0% |
| Stocks | 30/36 | €5,565 | €3,897 | -€1,668 | -30.0% |
| Amounts receivable within one year | 40/41 | €136,292 | €169,962 | +€33,669 | +24.7% |
| Other amounts receivable | 41 | €136,292 | €169,962 | +€33,669 | +24.7% |
| Cash at bank and in hand | 54/58 | €13,744 | €6,018 | -€7,726 | -56.2% |
| Deferred charges and accrued income | 490/1 | €967 | €375 | -€593 | -61.3% |
| Total equity and liabilities | 10/49 | €440,058 | €438,627 | -€1,431 | -0.3% |
| Equity | 10/15 | €27,498 | €26,547 | -€950 | -3.5% |
| Contributions | 10/11 | €68,600 | €68,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€41,102 | -€42,053 | -€950 | -2.3% |
| Amounts payable | 17/49 | €412,561 | €412,080 | -€481 | -0.1% |
| Amounts payable after more than one year | 17 | €269,346 | €249,977 | -€19,368 | -7.2% |
| Financial debts | 170/4 | €269,346 | €249,977 | -€19,368 | -7.2% |
| Amounts payable within one year | 42/48 | €143,215 | €162,103 | +€18,888 | +13.2% |
| Current portion of amounts payable after more than one year | 42 | €20,298 | €20,955 | +€657 | +3.2% |
| Financial debts | 43 | €30,288 | €32,366 | +€2,078 | +6.9% |
| Credit institutions | 430/8 | €30,288 | €32,366 | +€2,078 | +6.9% |
| Trade debts | 44 | €53,008 | €56,195 | +€3,186 | +6.0% |
| Suppliers | 440/4 | €53,008 | €56,195 | +€3,186 | +6.0% |
| Taxes, remuneration and social security | 45 | €39,621 | €52,587 | +€12,966 | +32.7% |
| Taxes | 450/3 | €28,329 | €29,484 | +€1,155 | +4.1% |
| Remuneration and social security | 454/9 | €11,292 | €23,103 | +€11,811 | +105% |
| Non-recurring operating income | 76A | €5,019 | - | -€5,019 | |
| Remuneration, social security and pensions | 62 | €97,419 | €72,053 | -€25,366 | -26.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €25,831 | €25,114 | -€717 | -2.8% |
| Other operating charges | 640/8 | €387 | €400 | +€12 | +3.2% |
| Gross operating margin | 9900 | €145,766 | €109,642 | -€36,124 | -24.8% |
| Operating profit (loss) | 9901 | €22,128 | €12,075 | -€10,053 | -45.4% |
| Financial charges | 65/66B | €13,919 | €13,025 | -€894 | -6.4% |
| Recurring financial charges | 65 | €13,919 | €13,025 | -€894 | -6.4% |
| Profit (loss) for the period before taxes | 9903 | €8,209 | -€950 | -€9,159 | |
| Profit (loss) for the period | 9904 | €8,209 | -€950 | -€9,159 | |
| Profit (loss) for the period to be appropriated | 9905 | €8,209 | -€950 | -€9,159 |
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 13 October 2026 via checked.be.