S.N.U.: 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.U.
Largest movements
- Tangible fixed assets -€89,346
down €89,346 (-6.3%), from €1.4m to €1.3m
of which Land and buildings: -€81,391
- Other debts +€162,977
new in 2025: €162,977
- Debts after one year -€85,198
down €85,198 (-8.3%), from €1.0m to €941,260
- Current portion of long-term debt -€60,228
down €60,228 (-52.2%), from €115,302 to €55,074
- Profit (loss) carried forward -€55,307
down €55,307 (-11.9%), from -€463,183 to -€518,490
- Trade debts -€44,047
no longer reported in 2025 (was €44,047)
- Turnover -€88,243
no longer reported in 2025 (was €88,243)
- Purchases and services -€73,489
no longer reported in 2025 (was €73,489)
- Gross operating margin +€38,195
up €38,195 (+216.7%), from €17,624 to €55,819
- Financial charges -€34,954
down €34,954 (-62.9%), from €55,594 to €20,640
- Other operating charges -€13,480
down €13,480 (-99.6%), from €13,532 to €52
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.
Cash bridge derived
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 | €1,466,131 | €1,380,959 | -€85,172 | -5.8% |
| Fixed assets | 21/28 | €1,428,193 | €1,337,745 | -€90,448 | -6.3% |
| Intangible fixed assets | 21 | €1,102 | €0 | -€1,102 | -100.0% |
| Tangible fixed assets | 22/27 | €1,426,420 | €1,337,074 | -€89,346 | -6.3% |
| Land and buildings | 22 | €1,417,153 | €1,335,762 | -€81,391 | -5.7% |
| Plant, machinery and equipment | 23 | €4,186 | €609 | -€3,577 | -85.4% |
| Furniture and vehicles | 24 | €5,081 | €703 | -€4,378 | -86.2% |
| Financial fixed assets | 28 | €671 | €671 | -€0 | 0.0% |
| Current assets | 29/58 | €37,938 | €43,214 | +€5,276 | +13.9% |
| Amounts receivable within one year | 40/41 | €37,423 | €39,505 | +€2,082 | +5.6% |
| Trade receivables | 40 | - | €35,334 | +€35,334 | |
| Other amounts receivable | 41 | €37,423 | €4,171 | -€33,252 | -88.9% |
| Cash at bank and in hand | 54/58 | €18 | €3,709 | +€3,691 | +20504.1% |
| Deferred charges and accrued income | 490/1 | €497 | - | -€497 | |
| Total equity and liabilities | 10/49 | €1,466,131 | €1,380,959 | -€85,172 | -5.8% |
| Equity | 10/15 | €116,028 | €60,721 | -€55,307 | -47.7% |
| Contributions | 10/11 | €137,300 | €137,300 | -€0 | 0.0% |
| Reserves | 13 | €441,911 | €441,911 | +€0 | 0.0% |
| Non-distributable reserves | 130/1 | €4,771 | €4,771 | +€0 | 0.0% |
| Reserves not available under the articles | 1311 | €4,771 | €4,771 | +€0 | 0.0% |
| Tax-exempt reserves | 132 | €437,140 | €437,140 | -€0 | 0.0% |
| Profit (loss) carried forward | 14 | -€463,183 | -€518,490 | -€55,307 | -11.9% |
| Provisions and deferred taxes | 16 | €157,513 | €157,513 | -€0 | 0.0% |
| Deferred taxes | 168 | €157,513 | €157,513 | -€0 | 0.0% |
| Amounts payable | 17/49 | €1,192,590 | €1,162,725 | -€29,865 | -2.5% |
| Amounts payable after more than one year | 17 | €1,026,458 | €941,260 | -€85,198 | -8.3% |
| Financial debts | 170/4 | €1,026,458 | €941,260 | -€85,198 | -8.3% |
| Amounts payable within one year | 42/48 | €166,132 | €221,466 | +€55,334 | +33.3% |
| Current portion of amounts payable after more than one year | 42 | €115,302 | €55,074 | -€60,228 | -52.2% |
| Financial debts | 43 | €3,415 | €3,414 | -€1 | 0.0% |
| Credit institutions | 430/8 | €3,415 | €3,414 | -€1 | 0.0% |
| Trade debts | 44 | €44,047 | - | -€44,047 | |
| Suppliers | 440/4 | €44,047 | - | -€44,047 | |
| Taxes, remuneration and social security | 45 | €3,368 | - | -€3,368 | |
| Remuneration and social security | 454/9 | €3,368 | - | -€3,368 | |
| Other amounts payable | 47/48 | - | €162,977 | +€162,977 | |
| Turnover | 70 | €88,243 | - | -€88,243 | |
| Goods, raw materials, services and sundry goods | 60/61 | €73,489 | - | -€73,489 | |
| Remuneration, social security and pensions | 62 | €13,287 | -€14 | -€13,301 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €95,860 | €90,448 | -€5,412 | -5.6% |
| Other operating charges | 640/8 | €13,532 | €52 | -€13,480 | -99.6% |
| Gross operating margin | 9900 | €17,624 | €55,819 | +€38,195 | +216.7% |
| Operating profit (loss) | 9901 | -€105,055 | -€34,667 | +€70,388 | +67.0% |
| Financial charges | 65/66B | €55,594 | €20,640 | -€34,954 | -62.9% |
| Recurring financial charges | 65 | €55,594 | €20,640 | -€34,954 | -62.9% |
| Profit (loss) for the period before taxes | 9903 | -€160,649 | -€55,308 | +€105,341 | +65.6% |
| Transfer from deferred taxes | 780 | €8,036 | - | -€8,036 | |
| Profit (loss) for the period | 9904 | -€152,613 | -€55,308 | +€97,305 | +63.8% |
| Transfer from tax-exempt reserves | 789 | €19,130 | - | -€19,130 | |
| Profit (loss) for the period to be appropriated | 9905 | -€133,483 | -€55,308 | +€78,175 | +58.6% |
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 10 October 2026 via checked.be.