SN-GROEP: 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-GROEP
Largest movements
- Receivables within one year +€26,695
up €26,695 (+48.9%), from €54,560 to €81,254
of which Other amounts receivable: +€22,509
- Tangible fixed assets -€5,877
down €5,877 (-42.3%), from €13,880 to €8,003
- Cash +€5,076
up €5,076 (+195%), from €2,605 to €7,681
mainly Other debts (+€19,117) and Net result for the year (+€13,259)
- Intangible fixed assets +€1,938
new in 2025: €1,938
- Other debts +€19,117
up €19,117 (+460%), from €4,158 to €23,275
- Profit (loss) carried forward +€13,259
up €13,259 (+40.6%), from €32,665 to €45,924
- Current portion of long-term debt -€6,452
down €6,452 (-40.2%), from €16,043 to €9,592
- Tax, wage and social debts +€6,124
up €6,124 (+52.0%), from €11,771 to €17,895
- Short-term financial debts -€4,407
down €4,407 (-100%), from €4,407 to €0
- Gross operating margin +€21,012
up €21,012 (+93.0%), from €22,596 to €43,607
- Taxes +€17,048
up €17,048 (+614%), from €2,778 to €19,826
- Financial charges -€3,377
down €3,377 (-70.9%), from €4,761 to €1,384
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 | €71,045 | €98,876 | +€27,831 | +39.2% |
| Fixed assets | 21/28 | €13,880 | €9,940 | -€3,939 | -28.4% |
| Intangible fixed assets | 21 | - | €1,938 | +€1,938 | |
| Tangible fixed assets | 22/27 | €13,880 | €8,003 | -€5,877 | -42.3% |
| Furniture and vehicles | 24 | €13,880 | €8,003 | -€5,877 | -42.3% |
| Current assets | 29/58 | €57,165 | €88,936 | +€31,771 | +55.6% |
| Amounts receivable within one year | 40/41 | €54,560 | €81,254 | +€26,695 | +48.9% |
| Trade receivables | 40 | €51,080 | €55,265 | +€4,185 | +8.2% |
| Other amounts receivable | 41 | €3,480 | €25,989 | +€22,509 | +647% |
| Cash at bank and in hand | 54/58 | €2,605 | €7,681 | +€5,076 | +195% |
| Total equity and liabilities | 10/49 | €71,045 | €98,876 | +€27,831 | +39.2% |
| Equity | 10/15 | €34,665 | €47,924 | +€13,259 | +38.2% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €32,665 | €45,924 | +€13,259 | +40.6% |
| Amounts payable | 17/49 | €36,379 | €50,952 | +€14,573 | +40.1% |
| Amounts payable within one year | 42/48 | €36,379 | €50,952 | +€14,573 | +40.1% |
| Current portion of amounts payable after more than one year | 42 | €16,043 | €9,592 | -€6,452 | -40.2% |
| Financial debts | 43 | €4,407 | €0 | -€4,407 | -100% |
| Credit institutions | 430/8 | €4,407 | €0 | -€4,407 | -100% |
| Trade debts | 44 | €0 | €191 | +€191 | |
| Suppliers | 440/4 | €0 | €191 | +€191 | |
| Taxes, remuneration and social security | 45 | €11,771 | €17,895 | +€6,124 | +52.0% |
| Taxes | 450/3 | €11,771 | €17,895 | +€6,124 | +52.0% |
| Other amounts payable | 47/48 | €4,158 | €23,275 | +€19,117 | +460% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,877 | €5,954 | +€77 | +1.3% |
| Other operating charges | 640/8 | €2,956 | €3,184 | +€228 | +7.7% |
| Gross operating margin | 9900 | €22,596 | €43,607 | +€21,012 | +93.0% |
| Operating profit (loss) | 9901 | €13,763 | €34,469 | +€20,706 | +150% |
| Financial income | 75/76B | €0 | - | = | |
| Recurring financial income | 75 | €0 | - | = | |
| Financial charges | 65/66B | €4,761 | €1,384 | -€3,377 | -70.9% |
| Recurring financial charges | 65 | €4,761 | €1,384 | -€3,377 | -70.9% |
| Profit (loss) for the period before taxes | 9903 | €9,002 | €33,085 | +€24,083 | +268% |
| Income taxes | 67/77 | €2,778 | €19,826 | +€17,048 | +614% |
| Profit (loss) for the period | 9904 | €6,224 | €13,259 | +€7,035 | +113% |
| Profit (loss) for the period to be appropriated | 9905 | €6,224 | €13,259 | +€7,035 | +113% |
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 25 October 2026 via checked.be.