S’nG: what changed
Two fiscal 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’nG
Largest movements
- Tangible fixed assets -€20,169
down €20,169 (-46.3%), from €43,568 to €23,399
of which Furniture and vehicles: -€17,117
- Receivables within one year +€9,846
up €9,846 (+83.4%), from €11,805 to €21,651
of which Trade receivables: +€6,106
- Stocks and contracts +€4,754
up €4,754 (+352.2%), from €1,350 to €6,105
- Cash +€2,204
up €2,204 (+7.6%), from €28,859 to €31,063
mainly Trade debts (+€30,273) and Depreciation (+€20,169)
- Trade debts +€30,273
up €30,273 (+105.8%), from €28,605 to €58,878
- Profit (loss) carried forward -€14,011
down €14,011 (-162.9%), from -€8,601 to -€22,612
- Current portion of long-term debt -€11,910
down €11,910 (-60.7%), from €19,623 to €7,713
- Debts after one year -€10,364
down €10,364 (-100.0%), from €10,364 to €0
- Short-term financial debts +€3,486
up €3,486 (+58.7%), from €5,941 to €9,428
of which Other loans: +€1,922
- Gross operating margin -€46,347
down €46,347 (-29.8%), from €155,668 to €109,320
- Staff costs -€22,486
down €22,486 (-19.8%), from €113,392 to €90,906
- Financial charges +€4,296
up €4,296 (+82.0%), from €5,238 to €9,534
- Other operating charges -€2,012
down €2,012 (-39.1%), from €5,142 to €3,130
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 | €90,815 | €87,482 | -€3,333 | -3.7% |
| Fixed assets | 21/28 | €44,167 | €23,998 | -€20,169 | -45.7% |
| Tangible fixed assets | 22/27 | €43,568 | €23,399 | -€20,169 | -46.3% |
| Plant, machinery and equipment | 23 | €1,248 | €792 | -€456 | -36.5% |
| Furniture and vehicles | 24 | €25,863 | €8,746 | -€17,117 | -66.2% |
| Other tangible fixed assets | 26 | €16,457 | €13,861 | -€2,596 | -15.8% |
| Financial fixed assets | 28 | €598 | €598 | = | 0.0% |
| Current assets | 29/58 | €46,648 | €63,485 | +€16,837 | +36.1% |
| Stocks and contracts in progress | 3 | €1,350 | €6,105 | +€4,754 | +352.2% |
| Stocks | 30/36 | €1,350 | €6,105 | +€4,754 | +352.2% |
| Amounts receivable within one year | 40/41 | €11,805 | €21,651 | +€9,846 | +83.4% |
| Trade receivables | 40 | - | €6,106 | +€6,106 | |
| Other amounts receivable | 41 | €11,805 | €15,546 | +€3,740 | +31.7% |
| Current investments | 50/53 | €4,000 | €4,000 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €28,859 | €31,063 | +€2,204 | +7.6% |
| Deferred charges and accrued income | 490/1 | €634 | €666 | +€32 | +5.0% |
| Total equity and liabilities | 10/49 | €90,815 | €87,482 | -€3,333 | -3.7% |
| Equity | 10/15 | €6,437 | -€7,574 | -€14,011 | |
| Contributions | 10/11 | €2,200 | €2,200 | = | 0.0% |
| Reserves | 13 | €12,838 | €12,838 | = | 0.0% |
| Non-distributable reserves | 130/1 | €4,000 | €4,000 | = | 0.0% |
| Own shares acquired | 1312 | €4,000 | €4,000 | = | 0.0% |
| Distributable reserves | 133 | €8,838 | €8,838 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€8,601 | -€22,612 | -€14,011 | -162.9% |
| Amounts payable | 17/49 | €84,378 | €95,057 | +€10,679 | +12.7% |
| Amounts payable after more than one year | 17 | €10,364 | €0 | -€10,364 | -100.0% |
| Financial debts | 170/4 | €10,364 | €0 | -€10,364 | -100.0% |
| Amounts payable within one year | 42/48 | €72,886 | €94,057 | +€21,170 | +29.0% |
| Current portion of amounts payable after more than one year | 42 | €19,623 | €7,713 | -€11,910 | -60.7% |
| Financial debts | 43 | €5,941 | €9,428 | +€3,486 | +58.7% |
| Credit institutions | 430/8 | €5,941 | €7,506 | +€1,565 | +26.3% |
| Other loans | 439 | - | €1,922 | +€1,922 | |
| Trade debts | 44 | €28,605 | €58,878 | +€30,273 | +105.8% |
| Suppliers | 440/4 | €28,605 | €58,878 | +€30,273 | +105.8% |
| Advances received on contracts in progress | 46 | - | €175 | +€175 | |
| Taxes, remuneration and social security | 45 | €10,983 | €10,566 | -€417 | -3.8% |
| Taxes | 450/3 | €320 | €2 | -€318 | -99.4% |
| Remuneration and social security | 454/9 | €10,663 | €10,565 | -€99 | -0.9% |
| Other amounts payable | 47/48 | €7,734 | €7,297 | -€437 | -5.6% |
| Accrued charges and deferred income | 492/3 | €1,127 | €1,000 | -€127 | -11.3% |
| Remuneration, social security and pensions | 62 | €113,392 | €90,906 | -€22,486 | -19.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €20,382 | €20,169 | -€213 | -1.0% |
| Other operating charges | 640/8 | €5,142 | €3,130 | -€2,012 | -39.1% |
| Gross operating margin | 9900 | €155,668 | €109,320 | -€46,347 | -29.8% |
| Operating profit (loss) | 9901 | €16,752 | -€4,885 | -€21,637 | |
| Financial income | 75/76B | €1,549 | €221 | -€1,328 | -85.7% |
| Recurring financial income | 75 | €1,534 | €221 | -€1,313 | -85.6% |
| Non-recurring financial income | 76B | €15 | €0 | -€15 | -100.0% |
| Financial charges | 65/66B | €5,238 | €9,534 | +€4,296 | +82.0% |
| Recurring financial charges | 65 | €5,238 | €9,534 | +€4,296 | +82.0% |
| Profit (loss) for the period before taxes | 9903 | €13,063 | -€14,198 | -€27,261 | |
| Income taxes | 67/77 | €1,014 | -€187 | -€1,201 | |
| Profit (loss) for the period | 9904 | €12,049 | -€14,011 | -€26,060 | |
| Profit (loss) for the period to be appropriated | 9905 | €12,049 | -€14,011 | -€26,060 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.