S-NETWORKS: 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-NETWORKS
Largest movements
- Cash -€61,549
down €61,549 (-96.4%), from €63,842 to €2,292
mainly Trade debts (-€58,446) and Net result for the year (-€38,370)
- Receivables after one year -€5,000
no longer reported in 2025 (was €5,000)
- Tangible fixed assets -€3,586
down €3,586 (-60.4%), from €5,934 to €2,348
of which Furniture and vehicles: -€2,624
- Receivables within one year +€906
up €906 (+28.5%), from €3,184 to €4,090
- Trade debts -€58,446
down €58,446 (-87.1%), from €67,078 to €8,633
- Profit (loss) carried forward -€38,370
down €38,370 (-173%), from -€22,176 to -€60,546
- Other debts +€26,864
up €26,864 (+121,280%), from €22 to €26,886
- Gross operating margin -€38,107
down €38,107, from €8,650 to -€29,457
- Financial charges -€947
down €947 (-17.5%), from €5,411 to €4,464
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 | €77,960 | €8,731 | -€69,229 | -88.8% |
| Fixed assets | 21/28 | €5,934 | €2,348 | -€3,586 | -60.4% |
| Tangible fixed assets | 22/27 | €5,934 | €2,348 | -€3,586 | -60.4% |
| Furniture and vehicles | 24 | €3,913 | €1,289 | -€2,624 | -67.1% |
| Other tangible fixed assets | 26 | €2,021 | €1,059 | -€962 | -47.6% |
| Current assets | 29/58 | €72,025 | €6,382 | -€65,643 | -91.1% |
| Amounts receivable after more than one year | 29 | €5,000 | - | -€5,000 | |
| Other amounts receivable | 291 | €5,000 | - | -€5,000 | |
| Amounts receivable within one year | 40/41 | €3,184 | €4,090 | +€906 | +28.5% |
| Other amounts receivable | 41 | €3,184 | €4,090 | +€906 | +28.5% |
| Cash at bank and in hand | 54/58 | €63,842 | €2,292 | -€61,549 | -96.4% |
| Total equity and liabilities | 10/49 | €77,960 | €8,731 | -€69,229 | -88.8% |
| Equity | 10/15 | €10,400 | -€27,970 | -€38,370 | |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €26,376 | €26,376 | = | 0.0% |
| Distributable reserves | 133 | €26,376 | €26,376 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€22,176 | -€60,546 | -€38,370 | -173% |
| Amounts payable | 17/49 | €67,560 | €36,701 | -€30,859 | -45.7% |
| Amounts payable within one year | 42/48 | €67,560 | €36,289 | -€31,271 | -46.3% |
| Trade debts | 44 | €67,078 | €8,633 | -€58,446 | -87.1% |
| Suppliers | 440/4 | €67,078 | €8,633 | -€58,446 | -87.1% |
| Taxes, remuneration and social security | 45 | €460 | €770 | +€311 | +67.6% |
| Taxes | 450/3 | €460 | €770 | +€311 | +67.6% |
| Other amounts payable | 47/48 | €22 | €26,886 | +€26,864 | +121,280% |
| Accrued charges and deferred income | 492/3 | - | €412 | +€412 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,721 | €3,586 | -€135 | -3.6% |
| Other operating charges | 640/8 | €776 | €704 | -€72 | -9.3% |
| Gross operating margin | 9900 | €8,650 | -€29,457 | -€38,107 | |
| Operating profit (loss) | 9901 | €4,153 | -€33,747 | -€37,900 | |
| Financial income | 75/76B | €150 | €75 | -€75 | -50.0% |
| Recurring financial income | 75 | €150 | €75 | -€75 | -50.0% |
| Financial charges | 65/66B | €5,411 | €4,464 | -€947 | -17.5% |
| Recurring financial charges | 65 | €5,411 | €4,464 | -€947 | -17.5% |
| Profit (loss) for the period before taxes | 9903 | -€1,108 | -€38,135 | -€37,027 | -3,343% |
| Income taxes | 67/77 | €257 | €234 | -€22 | -8.8% |
| Profit (loss) for the period | 9904 | -€1,365 | -€38,370 | -€37,005 | -2,712% |
| Profit (loss) for the period to be appropriated | 9905 | -€1,365 | -€38,370 | -€37,005 | -2,712% |
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 18 October 2026 via checked.be.