SN GROUP: 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 GROUP
Largest movements
- Current investments +€2.8m
new in 2025: €2.8m
- Receivables within one year -€1.7m
down €1.7m (-48.1%), from €3.6m to €1.9m
of which Other amounts receivable: -€1.7m
- Cash -€999,233
down €999,233 (-91.0%), from €1.1m to €99,140
mainly Current investments (-€2.8m) and Other debts (-€91,353)
- Other debts -€91,353
down €91,353 (-91.0%), from €100,358 to €9,006
- Financial income -€62,027
down €62,027 (-38.7%), from €160,233 to €98,207
- Depreciation -€12,049
down €12,049 (-11.0%), from €109,067 to €97,018
- Gross operating margin -€1,332
down €1,332 (-15.4%), from €8,632 to €7,300
- Other operating charges -€232
down €232 (-1.9%), from €12,120 to €11,888
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 | €7,050,037 | €6,956,108 | -€93,929 | -1.3% |
| Fixed assets | 21/28 | €2,094,605 | €2,045,463 | -€49,142 | -2.3% |
| Tangible fixed assets | 22/27 | €2,092,605 | €2,043,463 | -€49,142 | -2.3% |
| Land and buildings | 22 | €2,092,605 | €2,032,056 | -€60,549 | -2.9% |
| Furniture and vehicles | 24 | - | €11,406 | +€11,406 | |
| Financial fixed assets | 28 | €2,000 | €2,000 | = | 0.0% |
| Current assets | 29/58 | €4,955,432 | €4,910,645 | -€44,787 | -0.9% |
| Amounts receivable after more than one year | 29 | €114,300 | €114,300 | = | 0.0% |
| Other amounts receivable | 291 | €114,300 | €114,300 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €3,603,817 | €1,869,407 | -€1.7m | -48.1% |
| Trade receivables | 40 | €3,985 | €2,558 | -€1,427 | -35.8% |
| Other amounts receivable | 41 | €3,599,832 | €1,866,848 | -€1.7m | -48.1% |
| Current investments | 50/53 | - | €2,750,000 | +€2.8m | |
| Cash at bank and in hand | 54/58 | €1,098,374 | €99,140 | -€999,233 | -91.0% |
| Deferred charges and accrued income | 490/1 | €138,941 | €77,799 | -€61,142 | -44.0% |
| Total equity and liabilities | 10/49 | €7,050,037 | €6,956,108 | -€93,929 | -1.3% |
| Equity | 10/15 | €6,938,494 | €6,934,464 | -€4,030 | -0.1% |
| Contributions | 10/11 | €6,500,000 | €6,500,000 | = | 0.0% |
| Reserves | 13 | €114,000 | €114,000 | = | 0.0% |
| Non-distributable reserves | 130/1 | €114,000 | €114,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €114,000 | €114,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €324,494 | €320,464 | -€4,030 | -1.2% |
| Amounts payable | 17/49 | €111,543 | €21,644 | -€89,899 | -80.6% |
| Amounts payable within one year | 42/48 | €102,931 | €13,644 | -€89,287 | -86.7% |
| Trade debts | 44 | €2,557 | €4,623 | +€2,066 | +80.8% |
| Suppliers | 440/4 | €2,557 | €4,623 | +€2,066 | +80.8% |
| Taxes, remuneration and social security | 45 | €15 | €15 | = | 0.0% |
| Taxes | 450/3 | €15 | €15 | = | 0.0% |
| Other amounts payable | 47/48 | €100,358 | €9,006 | -€91,353 | -91.0% |
| Accrued charges and deferred income | 492/3 | €8,612 | €8,000 | -€612 | -7.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €109,067 | €97,018 | -€12,049 | -11.0% |
| Other operating charges | 640/8 | €12,120 | €11,888 | -€232 | -1.9% |
| Gross operating margin | 9900 | €8,632 | €7,300 | -€1,332 | -15.4% |
| Operating profit (loss) | 9901 | -€112,555 | -€101,606 | +€10,950 | +9.7% |
| Financial income | 75/76B | €160,233 | €98,207 | -€62,027 | -38.7% |
| Recurring financial income | 75 | €160,233 | €98,207 | -€62,027 | -38.7% |
| Financial charges | 65/66B | €647 | €631 | -€16 | -2.5% |
| Recurring financial charges | 65 | €647 | €631 | -€16 | -2.5% |
| Profit (loss) for the period before taxes | 9903 | €47,031 | -€4,030 | -€51,061 | |
| Profit (loss) for the period | 9904 | €47,031 | -€4,030 | -€51,061 | |
| Profit (loss) for the period to be appropriated | 9905 | €47,031 | -€4,030 | -€51,061 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.