SN CYCLING: 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 CYCLING
Largest movements
- Cash -€170,054
down €170,054 (-29.9%), from €567,794 to €397,741
mainly Contributions, distributions and other (-€165,887) and Other debts (-€124,366)
- Tangible fixed assets -€31,346
down €31,346 (-4.3%), from €722,652 to €691,307
of which Land and buildings: -€38,654
- Receivables within one year -€15,050
down €15,050 (-21.4%), from €70,374 to €55,324
of which Trade receivables: -€9,363
- Other debts -€124,366
down €124,366 (-26.5%), from €469,409 to €345,043
- Reserves -€98,090
down €98,090 (-17.5%), from €559,230 to €461,140
of which Distributable reserves: -€98,090
- Trade debts +€15,684
up €15,684 (+673114.2%), from €2 to €15,686
- Financial income -€37,550
down €37,550 (-99.4%), from €37,794 to €244
- Financial charges -€18,987
down €18,987 (-46.6%), from €40,717 to €21,730
- Taxes -€8,900
down €8,900 (-24.0%), from €37,133 to €28,233
- Depreciation -€8,774
down €8,774 (-13.1%), from €67,222 to €58,448
- Gross operating margin -€4,828
down €4,828 (-2.3%), from €210,864 to €206,035
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 | €1,365,370 | €1,151,205 | -€214,165 | -15.7% |
| Fixed assets | 21/28 | €722,702 | €691,357 | -€31,346 | -4.3% |
| Tangible fixed assets | 22/27 | €722,652 | €691,307 | -€31,346 | -4.3% |
| Land and buildings | 22 | €696,450 | €657,795 | -€38,654 | -5.6% |
| Plant, machinery and equipment | 23 | €20,388 | €28,849 | +€8,461 | +41.5% |
| Furniture and vehicles | 24 | €5,815 | €4,663 | -€1,152 | -19.8% |
| Financial fixed assets | 28 | €50 | €50 | = | 0.0% |
| Current assets | 29/58 | €642,667 | €459,849 | -€182,819 | -28.4% |
| Amounts receivable within one year | 40/41 | €70,374 | €55,324 | -€15,050 | -21.4% |
| Trade receivables | 40 | €61,748 | €52,385 | -€9,363 | -15.2% |
| Other amounts receivable | 41 | €8,626 | €2,939 | -€5,687 | -65.9% |
| Cash at bank and in hand | 54/58 | €567,794 | €397,741 | -€170,054 | -29.9% |
| Deferred charges and accrued income | 490/1 | €4,499 | €6,784 | +€2,285 | +50.8% |
| Total equity and liabilities | 10/49 | €1,365,370 | €1,151,205 | -€214,165 | -15.7% |
| Equity | 10/15 | €859,230 | €761,140 | -€98,090 | -11.4% |
| Contributions | 10/11 | €300,000 | €300,000 | = | 0.0% |
| Reserves | 13 | €559,230 | €461,140 | -€98,090 | -17.5% |
| Tax-exempt reserves | 132 | €18,750 | €18,750 | = | 0.0% |
| Distributable reserves | 133 | €540,480 | €442,390 | -€98,090 | -18.1% |
| Amounts payable | 17/49 | €506,140 | €390,066 | -€116,074 | -22.9% |
| Amounts payable within one year | 42/48 | €506,140 | €390,066 | -€116,074 | -22.9% |
| Trade debts | 44 | €2 | €15,686 | +€15,684 | +673114.2% |
| Suppliers | 440/4 | €2 | €15,686 | +€15,684 | +673114.2% |
| Taxes, remuneration and social security | 45 | €36,729 | €29,337 | -€7,392 | -20.1% |
| Taxes | 450/3 | €31,575 | €24,121 | -€7,453 | -23.6% |
| Remuneration and social security | 454/9 | €5,154 | €5,215 | +€61 | +1.2% |
| Other amounts payable | 47/48 | €469,409 | €345,043 | -€124,366 | -26.5% |
| Remuneration, social security and pensions | 62 | €21,444 | €24,307 | +€2,863 | +13.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €67,222 | €58,448 | -€8,774 | -13.1% |
| Other operating charges | 640/8 | €4,702 | €5,765 | +€1,063 | +22.6% |
| Gross operating margin | 9900 | €210,864 | €206,035 | -€4,828 | -2.3% |
| Operating profit (loss) | 9901 | €117,497 | €117,516 | +€20 | 0.0% |
| Financial income | 75/76B | €37,794 | €244 | -€37,550 | -99.4% |
| Recurring financial income | 75 | €37,794 | €244 | -€37,550 | -99.4% |
| Financial charges | 65/66B | €40,717 | €21,730 | -€18,987 | -46.6% |
| Recurring financial charges | 65 | €40,717 | €21,730 | -€18,987 | -46.6% |
| Profit (loss) for the period before taxes | 9903 | €114,574 | €96,030 | -€18,544 | -16.2% |
| Income taxes | 67/77 | €37,133 | €28,233 | -€8,900 | -24.0% |
| Profit (loss) for the period | 9904 | €77,440 | €67,797 | -€9,643 | -12.5% |
| Profit (loss) for the period to be appropriated | 9905 | €77,440 | €67,797 | -€9,643 | -12.5% |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 1 October 2026 via checked.be.