SN Advisory: 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.
SN Advisory
Largest movements
- Cash +€94,539
up €94,539 (+927.4%), from €10,194 to €104,733
mainly Net result for the year (+€49,703) and Current investments (+€40,000)
- Current investments -€40,000
no longer reported in 2025 (was €40,000)
- Tangible fixed assets -€9,398
down €9,398 (-12.6%), from €74,332 to €64,935
of which Furniture and vehicles: -€7,538
- Receivables within one year +€4,125
up €4,125 (+18.6%), from €22,164 to €26,289
- Profit (loss) carried forward +€49,703
up €49,703 (+79.9%), from €62,226 to €111,930
- Tax, wage and social debts +€2,028
up €2,028 (+13.0%), from €15,562 to €17,590
- Gross operating margin +€24,959
up €24,959 (+39.8%), from €62,674 to €87,633
- Taxes +€5,679
up €5,679 (+72.0%), from €7,883 to €13,562
- Financial income +€1,530
up €1,530 (+14840.7%), from €10 to €1,540
- Depreciation +€1,451
up €1,451 (+9.5%), from €15,232 to €16,683
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 | €147,590 | €196,825 | +€49,235 | +33.4% |
| Fixed assets | 21/28 | €74,332 | €64,935 | -€9,398 | -12.6% |
| Tangible fixed assets | 22/27 | €74,332 | €64,935 | -€9,398 | -12.6% |
| Plant, machinery and equipment | 23 | €9,080 | €7,763 | -€1,317 | -14.5% |
| Furniture and vehicles | 24 | €46,829 | €39,291 | -€7,538 | -16.1% |
| Other tangible fixed assets | 26 | €18,423 | €17,881 | -€542 | -2.9% |
| Current assets | 29/58 | €73,258 | €131,890 | +€58,633 | +80.0% |
| Amounts receivable within one year | 40/41 | €22,164 | €26,289 | +€4,125 | +18.6% |
| Trade receivables | 40 | €22,164 | €26,289 | +€4,125 | +18.6% |
| Current investments | 50/53 | €40,000 | - | -€40,000 | |
| Cash at bank and in hand | 54/58 | €10,194 | €104,733 | +€94,539 | +927.4% |
| Deferred charges and accrued income | 490/1 | €899 | €868 | -€32 | -3.5% |
| Total equity and liabilities | 10/49 | €147,590 | €196,825 | +€49,235 | +33.4% |
| Equity | 10/15 | €64,226 | €113,930 | +€49,703 | +77.4% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €62,226 | €111,930 | +€49,703 | +79.9% |
| Amounts payable | 17/49 | €83,364 | €82,895 | -€469 | -0.6% |
| Amounts payable after more than one year | 17 | €60,000 | €60,000 | = | 0.0% |
| Financial debts | 170/4 | €60,000 | €60,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €22,897 | €22,517 | -€380 | -1.7% |
| Trade debts | 44 | €1,133 | €465 | -€668 | -58.9% |
| Suppliers | 440/4 | €1,133 | €465 | -€668 | -58.9% |
| Taxes, remuneration and social security | 45 | €15,562 | €17,590 | +€2,028 | +13.0% |
| Taxes | 450/3 | €15,562 | €17,590 | +€2,028 | +13.0% |
| Other amounts payable | 47/48 | €6,202 | €4,462 | -€1,740 | -28.1% |
| Accrued charges and deferred income | 492/3 | €466 | €378 | -€89 | -19.0% |
| Remuneration, social security and pensions | 62 | €234 | - | -€234 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,232 | €16,683 | +€1,451 | +9.5% |
| Other operating charges | 640/8 | €7,436 | €7,036 | -€400 | -5.4% |
| Gross operating margin | 9900 | €62,674 | €87,633 | +€24,959 | +39.8% |
| Operating profit (loss) | 9901 | €39,772 | €63,914 | +€24,142 | +60.7% |
| Financial income | 75/76B | €10 | €1,540 | +€1,530 | +14840.7% |
| Recurring financial income | 75 | €10 | €1,540 | +€1,530 | +14840.7% |
| Financial charges | 65/66B | €2,310 | €2,189 | -€121 | -5.2% |
| Recurring financial charges | 65 | €2,310 | €2,189 | -€121 | -5.2% |
| Profit (loss) for the period before taxes | 9903 | €37,472 | €63,266 | +€25,793 | +68.8% |
| Income taxes | 67/77 | €7,883 | €13,562 | +€5,679 | +72.0% |
| Profit (loss) for the period | 9904 | €29,589 | €49,703 | +€20,114 | +68.0% |
| Profit (loss) for the period to be appropriated | 9905 | €29,589 | €49,703 | +€20,114 | +68.0% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 11 October 2026 via checked.be.