S-NAP: 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-NAP
Largest movements
- Cash -€13,942
down €13,942 (-30.1%), from €46,273 to €32,331
mainly Contributions, distributions and other (-€55,627) and Other debts (-€19,733)
- Receivables within one year +€12,997
up €12,997 (+21.4%), from €60,619 to €73,616
of which Other amounts receivable: +€7,575
- Other debts -€19,733
down €19,733 (-96.8%), from €20,375 to €642
- Reserves +€10,953
up €10,953 (+4.0%), from €276,717 to €287,671
- Tax, wage and social debts +€3,823
up €3,823 (+70.6%), from €5,418 to €9,241
- Accrued charges and deferred income +€3,319
new in 2025: €3,319
- Financial income +€6,393
up €6,393 (+10.6%), from €60,505 to €66,898
- Gross operating margin +€5,058
up €5,058 (+107%), from €4,725 to €9,784
- Taxes +€2,328
up €2,328 (+35.2%), from €6,614 to €8,943
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 | €321,845 | €319,473 | -€2,372 | -0.7% |
| Fixed assets | 21/28 | €213,958 | €213,244 | -€713 | -0.3% |
| Intangible fixed assets | 21 | €76 | - | -€76 | |
| Tangible fixed assets | 22/27 | €1,382 | €744 | -€638 | -46.2% |
| Plant, machinery and equipment | 23 | €1,382 | €744 | -€638 | -46.2% |
| Financial fixed assets | 28 | €212,500 | €212,500 | = | 0.0% |
| Current assets | 29/58 | €107,887 | €106,229 | -€1,658 | -1.5% |
| Amounts receivable within one year | 40/41 | €60,619 | €73,616 | +€12,997 | +21.4% |
| Trade receivables | 40 | - | €5,422 | +€5,422 | |
| Other amounts receivable | 41 | €60,619 | €68,194 | +€7,575 | +12.5% |
| Cash at bank and in hand | 54/58 | €46,273 | €32,331 | -€13,942 | -30.1% |
| Deferred charges and accrued income | 490/1 | €996 | €282 | -€714 | -71.7% |
| Total equity and liabilities | 10/49 | €321,845 | €319,473 | -€2,372 | -0.7% |
| Equity | 10/15 | €295,317 | €306,271 | +€10,953 | +3.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €276,717 | €287,671 | +€10,953 | +4.0% |
| Distributable reserves | 133 | €276,717 | €287,671 | +€10,953 | +4.0% |
| Amounts payable | 17/49 | €26,528 | €13,202 | -€13,325 | -50.2% |
| Amounts payable within one year | 42/48 | €26,528 | €9,883 | -€16,644 | -62.7% |
| Trade debts | 44 | €49 | - | -€49 | |
| Suppliers | 440/4 | €49 | - | -€49 | |
| Advances received on contracts in progress | 46 | €686 | - | -€686 | |
| Taxes, remuneration and social security | 45 | €5,418 | €9,241 | +€3,823 | +70.6% |
| Taxes | 450/3 | €5,418 | €9,241 | +€3,823 | +70.6% |
| Other amounts payable | 47/48 | €20,375 | €642 | -€19,733 | -96.8% |
| Accrued charges and deferred income | 492/3 | - | €3,319 | +€3,319 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €697 | €713 | +€16 | +2.3% |
| Other operating charges | 640/8 | €434 | €387 | -€47 | -10.8% |
| Gross operating margin | 9900 | €4,725 | €9,784 | +€5,058 | +107% |
| Operating profit (loss) | 9901 | €3,594 | €8,683 | +€5,089 | +142% |
| Financial income | 75/76B | €60,505 | €66,898 | +€6,393 | +10.6% |
| Recurring financial income | 75 | €60,505 | €66,898 | +€6,393 | +10.6% |
| Financial charges | 65/66B | €110 | €59 | -€52 | -47.0% |
| Recurring financial charges | 65 | €110 | €59 | -€52 | -47.0% |
| Profit (loss) for the period before taxes | 9903 | €63,988 | €75,523 | +€11,534 | +18.0% |
| Income taxes | 67/77 | €6,614 | €8,943 | +€2,328 | +35.2% |
| Profit (loss) for the period | 9904 | €57,374 | €66,580 | +€9,206 | +16.0% |
| Profit (loss) for the period to be appropriated | 9905 | €57,374 | €66,580 | +€9,206 | +16.0% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 19 October 2026 via checked.be.