SN ground control: 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 ground control
Largest movements
- Stocks and contracts -€472,541
no longer reported in 2025 (was €472,541)
- Cash -€4,984
down €4,984 (-42.6%), from €11,694 to €6,710
mainly Debts after one year (-€458,000) and Net result for the year (-€20,857)
- Debts after one year -€458,000
down €458,000 (-96.9%), from €472,541 to €14,541
- Profit (loss) carried forward -€20,857
down €20,857 (-75.7%), from -€27,555 to -€48,411
- Purchases and services +€476,213
up €476,213 (+27142.4%), from €1,755 to €477,968
- Gross operating margin -€18,213
down €18,213 (-1038.1%), from -€1,755 to -€19,968
- Financial charges -€9,447
down €9,447 (-99.5%), from €9,493 to €46
of which Financial charges: -€9,447
- Other operating charges +€495
up €495 (+142.5%), from €348 to €843
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 | €484,236 | €6,710 | -€477,526 | -98.6% |
| Current assets | 29/58 | €484,236 | €6,710 | -€477,526 | -98.6% |
| Stocks and contracts in progress | 3 | €472,541 | - | -€472,541 | |
| Stocks | 30/36 | €472,541 | - | -€472,541 | |
| Cash at bank and in hand | 54/58 | €11,694 | €6,710 | -€4,984 | -42.6% |
| Total equity and liabilities | 10/49 | €484,236 | €6,710 | -€477,526 | -98.6% |
| Equity | 10/15 | -€7,555 | -€28,411 | -€20,857 | -276.1% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Capital | 10 | €20,000 | €20,000 | = | 0.0% |
| Issued capital | 100 | €20,000 | €20,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€27,555 | -€48,411 | -€20,857 | -75.7% |
| Amounts payable | 17/49 | €491,791 | €35,122 | -€456,669 | -92.9% |
| Amounts payable after more than one year | 17 | €472,541 | €14,541 | -€458,000 | -96.9% |
| Financial debts | 170/4 | €472,541 | €14,541 | -€458,000 | -96.9% |
| Amounts payable within one year | 42/48 | - | €1,331 | +€1,331 | |
| Trade debts | 44 | - | €1,331 | +€1,331 | |
| Suppliers | 440/4 | - | €1,331 | +€1,331 | |
| Accrued charges and deferred income | 492/3 | €19,249 | €19,249 | = | 0.0% |
| Goods, raw materials, services and sundry goods | 60/61 | €1,755 | €477,968 | +€476,213 | +27142.4% |
| Other operating charges | 640/8 | €348 | €843 | +€495 | +142.5% |
| Gross operating margin | 9900 | -€1,755 | -€19,968 | -€18,213 | -1038.1% |
| Operating profit (loss) | 9901 | -€2,102 | -€20,810 | -€18,708 | -890.0% |
| Financial charges | 65/66B | €9,493 | €46 | -€9,447 | -99.5% |
| Recurring financial charges | 65 | €9,493 | €46 | -€9,447 | -99.5% |
| Non-recurring financial charges | 66B | - | €46 | +€46 | |
| Profit (loss) for the period before taxes | 9903 | -€11,595 | -€20,857 | -€9,261 | -79.9% |
| Profit (loss) for the period | 9904 | -€11,595 | -€20,857 | -€9,261 | -79.9% |
| Profit (loss) for the period to be appropriated | 9905 | -€11,595 | -€20,857 | -€9,261 | -79.9% |
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 10 October 2026 via checked.be.