SN Finance: 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 Finance
Largest movements
- Cash +€5,019
up €5,019 (+246%), from €2,040 to €7,060
mainly Net result for the year (+€9,574) and Tax, wage and social debts (+€4,051)
- Deferred charges and accrued income +€943
up €943 (+36.5%), from €2,586 to €3,529
- Tangible fixed assets -€596
down €596 (-10.9%), from €5,455 to €4,859
- Profit (loss) carried forward +€9,574
up €9,574 (+42.3%), from -€22,657 to -€13,083
- Other debts -€8,161
down €8,161 (-34.2%), from €23,855 to €15,694
- Tax, wage and social debts +€4,051
up €4,051 (+31.2%), from €12,978 to €17,029
of which Taxes: +€6,658
- Trade debts -€301
down €301 (-8.1%), from €3,714 to €3,413
- Gross operating margin -€39,624
down €39,624 (-67.8%), from €58,432 to €18,808
- Staff costs -€37,457
down €37,457, from €32,761 to -€4,697
- Taxes +€7,471
up €7,471 (+225%), from €3,321 to €10,792
- Other operating charges -€2,248
down €2,248 (-66.9%), from €3,360 to €1,112
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 | €20,890 | €26,053 | +€5,163 | +24.7% |
| Fixed assets | 21/28 | €5,555 | €4,959 | -€596 | -10.7% |
| Tangible fixed assets | 22/27 | €5,455 | €4,859 | -€596 | -10.9% |
| Furniture and vehicles | 24 | €5,455 | €4,859 | -€596 | -10.9% |
| Financial fixed assets | 28 | €100 | €100 | = | 0.0% |
| Current assets | 29/58 | €15,335 | €21,094 | +€5,759 | +37.6% |
| Amounts receivable within one year | 40/41 | €10,709 | €10,505 | -€204 | -1.9% |
| Trade receivables | 40 | €10,709 | €10,043 | -€666 | -6.2% |
| Other amounts receivable | 41 | €0 | €462 | +€462 | |
| Cash at bank and in hand | 54/58 | €2,040 | €7,060 | +€5,019 | +246% |
| Deferred charges and accrued income | 490/1 | €2,586 | €3,529 | +€943 | +36.5% |
| Total equity and liabilities | 10/49 | €20,890 | €26,053 | +€5,163 | +24.7% |
| Equity | 10/15 | -€19,657 | -€10,083 | +€9,574 | +48.7% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€22,657 | -€13,083 | +€9,574 | +42.3% |
| Amounts payable | 17/49 | €40,547 | €36,136 | -€4,411 | -10.9% |
| Amounts payable within one year | 42/48 | €40,547 | €36,136 | -€4,411 | -10.9% |
| Trade debts | 44 | €3,714 | €3,413 | -€301 | -8.1% |
| Suppliers | 440/4 | €3,714 | €3,413 | -€301 | -8.1% |
| Taxes, remuneration and social security | 45 | €12,978 | €17,029 | +€4,051 | +31.2% |
| Taxes | 450/3 | €8,282 | €14,940 | +€6,658 | +80.4% |
| Remuneration and social security | 454/9 | €4,697 | €2,090 | -€2,607 | -55.5% |
| Other amounts payable | 47/48 | €23,855 | €15,694 | -€8,161 | -34.2% |
| Remuneration, social security and pensions | 62 | €32,761 | -€4,697 | -€37,457 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,622 | €1,740 | +€118 | +7.3% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €0 | - | = | |
| Other operating charges | 640/8 | €3,360 | €1,112 | -€2,248 | -66.9% |
| Gross operating margin | 9900 | €58,432 | €18,808 | -€39,624 | -67.8% |
| Operating profit (loss) | 9901 | €20,688 | €20,652 | -€37 | -0.2% |
| Financial income | 75/76B | €2 | €11 | +€9 | +395% |
| Recurring financial income | 75 | €2 | €11 | +€9 | +395% |
| Financial charges | 65/66B | €210 | €297 | +€87 | +41.6% |
| Recurring financial charges | 65 | €210 | €297 | +€87 | +41.6% |
| Profit (loss) for the period before taxes | 9903 | €20,481 | €20,366 | -€115 | -0.6% |
| Income taxes | 67/77 | €3,321 | €10,792 | +€7,471 | +225% |
| Profit (loss) for the period | 9904 | €17,160 | €9,574 | -€7,586 | -44.2% |
| Profit (loss) for the period to be appropriated | 9905 | €17,160 | €9,574 | -€7,586 | -44.2% |
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 26 October 2026 via checked.be.