SN Central: 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.
SN Central
Largest movements
- Cash +€90,433
up €90,433 (+227.6%), from €39,730 to €130,163
mainly Contributions, distributions and other (+€73,097) and Depreciation (+€58,246)
- Tangible fixed assets +€53,854
up €53,854 (+12.2%), from €443,045 to €496,898
of which Other tangible fixed assets: +€38,240
- Receivables within one year -€35,176
down €35,176 (-91.3%), from €38,541 to €3,365
of which Other amounts receivable: -€38,327
- Deferred charges and accrued income +€16,663
new in 2025: €16,663
- Stocks and contracts +€9,000
new in 2025: €9,000
- Investment grants +€73,097
new in 2025: €73,097
- Other debts +€50,000
up €50,000 (+20.0%), from €250,000 to €300,000
- Tax, wage and social debts +€47,129
new in 2025: €47,129
of which Remuneration and social security: +€39,408
- Debts after one year -€35,166
down €35,166 (-16.3%), from €215,213 to €180,047
- Gross operating margin +€472,661
up €472,661, from -€46,355 to €426,307
- Staff costs +€345,197
new in 2025: €345,197
- Depreciation +€42,303
up €42,303 (+265.4%), from €15,942 to €58,246
- Financial charges +€18,202
up €18,202 (+344.8%), from €5,278 to €23,480
- Financial income +€8,212
new in 2025: €8,212
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 | €522,837 | €657,003 | +€134,166 | +25.7% |
| Formation expenses | 20 | €927 | €0 | -€927 | -100.0% |
| Fixed assets | 21/28 | €443,638 | €497,812 | +€54,174 | +12.2% |
| Tangible fixed assets | 22/27 | €443,045 | €496,898 | +€53,854 | +12.2% |
| Plant, machinery and equipment | 23 | €154,558 | €158,279 | +€3,721 | +2.4% |
| Furniture and vehicles | 24 | - | €11,892 | +€11,892 | |
| Other tangible fixed assets | 26 | €288,487 | €326,727 | +€38,240 | +13.3% |
| Financial fixed assets | 28 | €594 | €914 | +€320 | +53.9% |
| Current assets | 29/58 | €78,271 | €159,191 | +€80,919 | +103.4% |
| Stocks and contracts in progress | 3 | - | €9,000 | +€9,000 | |
| Stocks | 30/36 | - | €9,000 | +€9,000 | |
| Amounts receivable within one year | 40/41 | €38,541 | €3,365 | -€35,176 | -91.3% |
| Trade receivables | 40 | - | €3,151 | +€3,151 | |
| Other amounts receivable | 41 | €38,541 | €214 | -€38,327 | -99.4% |
| Cash at bank and in hand | 54/58 | €39,730 | €130,163 | +€90,433 | +227.6% |
| Deferred charges and accrued income | 490/1 | - | €16,663 | +€16,663 | |
| Total equity and liabilities | 10/49 | €522,837 | €657,003 | +€134,166 | +25.7% |
| Equity | 10/15 | -€61,427 | €15,022 | +€76,449 | |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€71,427 | -€68,075 | +€3,352 | +4.7% |
| Investment grants | 15 | - | €73,097 | +€73,097 | |
| Amounts payable | 17/49 | €584,264 | €641,981 | +€57,717 | +9.9% |
| Amounts payable after more than one year | 17 | €215,213 | €180,047 | -€35,166 | -16.3% |
| Financial debts | 170/4 | €215,213 | €180,047 | -€35,166 | -16.3% |
| Amounts payable within one year | 42/48 | €369,051 | €461,934 | +€92,882 | +25.2% |
| Current portion of amounts payable after more than one year | 42 | €36,857 | €38,449 | +€1,591 | +4.3% |
| Trade debts | 44 | €82,194 | €76,356 | -€5,838 | -7.1% |
| Suppliers | 440/4 | €82,194 | €76,356 | -€5,838 | -7.1% |
| Taxes, remuneration and social security | 45 | - | €47,129 | +€47,129 | |
| Taxes | 450/3 | - | €7,720 | +€7,720 | |
| Remuneration and social security | 454/9 | - | €39,408 | +€39,408 | |
| Other amounts payable | 47/48 | €250,000 | €300,000 | +€50,000 | +20.0% |
| Remuneration, social security and pensions | 62 | - | €345,197 | +€345,197 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,942 | €58,246 | +€42,303 | +265.4% |
| Other operating charges | 640/8 | €3,852 | €4,245 | +€392 | +10.2% |
| Gross operating margin | 9900 | -€46,355 | €426,307 | +€472,661 | |
| Operating profit (loss) | 9901 | -€66,149 | €18,620 | +€84,769 | |
| Financial income | 75/76B | - | €8,212 | +€8,212 | |
| Recurring financial income | 75 | - | €8,212 | +€8,212 | |
| Financial charges | 65/66B | €5,278 | €23,480 | +€18,202 | +344.8% |
| Recurring financial charges | 65 | €5,278 | €23,480 | +€18,202 | +344.8% |
| Profit (loss) for the period before taxes | 9903 | -€71,427 | €3,352 | +€74,779 | |
| Profit (loss) for the period | 9904 | -€71,427 | €3,352 | +€74,779 | |
| Profit (loss) for the period to be appropriated | 9905 | -€71,427 | €3,352 | +€74,779 |
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 3 October 2026 via checked.be.