SN CREATION: 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 CREATION
Largest movements
- Receivables within one year -€44,597
down €44,597 (-46.6%), from €95,711 to €51,114
of which Trade receivables: -€45,546
- Stocks and contracts +€11,920
up €11,920 (+596%), from €2,000 to €13,920
- Cash +€8,485
up €8,485 (+48.3%), from €17,560 to €26,044
mainly Receivables within one year (+€44,597) and Net result for the year (+€19,107)
- Tangible fixed assets +€4,842
up €4,842 (+26.4%), from €18,352 to €23,195
of which Plant, machinery and equipment: +€6,326
- Trade debts -€40,039
down €40,039 (-70.6%), from €56,706 to €16,668
- Reserves +€11,790
up €11,790 (+25.0%), from €47,245 to €59,035
- Debts after one year +€5,531
up €5,531 (+270%), from €2,046 to €7,577
- Tax, wage and social debts +€5,050
up €5,050 (+43.4%), from €11,649 to €16,699
of which Taxes: +€3,628
- Other debts -€2,191
down €2,191 (-14.5%), from €15,135 to €12,944
- Gross operating margin +€8,490
up €8,490 (+25.4%), from €33,451 to €41,941
- Staff costs +€2,933
up €2,933 (+190%), from €1,548 to €4,481
- Depreciation +€2,298
up €2,298 (+26.1%), from €8,817 to €11,115
- Financial charges -€783
down €783 (-45.8%), from €1,710 to €926
of which Financial charges: -€1,104
- Taxes +€433
up €433 (+7.3%), from €5,911 to €6,344
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 | €137,180 | €117,555 | -€19,625 | -14.3% |
| Formation expenses | 20 | - | €1,000 | +€1,000 | |
| Fixed assets | 21/28 | €20,282 | €23,925 | +€3,642 | +18.0% |
| Intangible fixed assets | 21 | €1,930 | €730 | -€1,200 | -62.2% |
| Tangible fixed assets | 22/27 | €18,352 | €23,195 | +€4,842 | +26.4% |
| Plant, machinery and equipment | 23 | €10,913 | €17,239 | +€6,326 | +58.0% |
| Furniture and vehicles | 24 | €7,439 | €5,956 | -€1,483 | -19.9% |
| Current assets | 29/58 | €116,898 | €92,630 | -€24,268 | -20.8% |
| Stocks and contracts in progress | 3 | €2,000 | €13,920 | +€11,920 | +596% |
| Stocks | 30/36 | €2,000 | €13,920 | +€11,920 | +596% |
| Amounts receivable within one year | 40/41 | €95,711 | €51,114 | -€44,597 | -46.6% |
| Trade receivables | 40 | €87,308 | €41,762 | -€45,546 | -52.2% |
| Other amounts receivable | 41 | €8,403 | €9,352 | +€949 | +11.3% |
| Cash at bank and in hand | 54/58 | €17,560 | €26,044 | +€8,485 | +48.3% |
| Deferred charges and accrued income | 490/1 | €1,627 | €1,552 | -€75 | -4.6% |
| Total equity and liabilities | 10/49 | €137,180 | €117,555 | -€19,625 | -14.3% |
| Equity | 10/15 | €47,745 | €59,535 | +€11,790 | +24.7% |
| Contributions | 10/11 | €500 | €500 | = | 0.0% |
| Capital | 10 | €500 | €500 | = | 0.0% |
| Issued capital | 100 | €500 | €500 | = | 0.0% |
| Reserves | 13 | €47,245 | €59,035 | +€11,790 | +25.0% |
| Distributable reserves | 133 | €47,245 | €59,035 | +€11,790 | +25.0% |
| Amounts payable | 17/49 | €89,435 | €58,020 | -€31,415 | -35.1% |
| Amounts payable after more than one year | 17 | €2,046 | €7,577 | +€5,531 | +270% |
| Financial debts | 170/4 | €2,046 | €7,577 | +€5,531 | +270% |
| Amounts payable within one year | 42/48 | €87,389 | €50,443 | -€36,946 | -42.3% |
| Current portion of amounts payable after more than one year | 42 | €2,728 | €4,132 | +€1,404 | +51.5% |
| Trade debts | 44 | €56,706 | €16,668 | -€40,039 | -70.6% |
| Suppliers | 440/4 | €56,706 | €16,668 | -€40,039 | -70.6% |
| Advances received on contracts in progress | 46 | €1,171 | - | -€1,171 | |
| Taxes, remuneration and social security | 45 | €11,649 | €16,699 | +€5,050 | +43.4% |
| Taxes | 450/3 | €11,556 | €15,183 | +€3,628 | +31.4% |
| Remuneration and social security | 454/9 | €93 | €1,516 | +€1,422 | +1,527% |
| Other amounts payable | 47/48 | €15,135 | €12,944 | -€2,191 | -14.5% |
| Remuneration, social security and pensions | 62 | €1,548 | €4,481 | +€2,933 | +190% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,817 | €11,115 | +€2,298 | +26.1% |
| Other operating charges | 640/8 | - | €20 | +€20 | |
| Non-recurring operating charges | 66A | €123 | - | -€123 | |
| Gross operating margin | 9900 | €33,451 | €41,941 | +€8,490 | +25.4% |
| Operating profit (loss) | 9901 | €22,963 | €26,326 | +€3,362 | +14.6% |
| Financial income | 75/76B | €1 | €51 | +€50 | +4,454% |
| Recurring financial income | 75 | €1 | €51 | +€50 | +4,454% |
| Financial charges | 65/66B | €1,710 | €926 | -€783 | -45.8% |
| Recurring financial charges | 65 | €1,710 | €606 | -€1,104 | -64.6% |
| Non-recurring financial charges | 66B | - | €321 | +€321 | |
| Profit (loss) for the period before taxes | 9903 | €21,255 | €25,451 | +€4,196 | +19.7% |
| Income taxes | 67/77 | €5,911 | €6,344 | +€433 | +7.3% |
| Profit (loss) for the period | 9904 | €15,344 | €19,107 | +€3,763 | +24.5% |
| Profit (loss) for the period to be appropriated | 9905 | €15,344 | €19,107 | +€3,763 | +24.5% |
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 24 October 2026 via checked.be.