SN-J-S: what changed
SN-J-S
Largest movements
- Receivables after one year -€50,000
no longer reported in 2025 (was €50,000)
- Cash +€22,084
up €22,084 (+21.8%), from €101,192 to €123,276
mainly Net result for the year (+€136,605) and Other debts (+€93,600)
- Debts after one year -€116,252
down €116,252 (-42.1%), from €276,455 to €160,204
of which Other amounts payable: -€63,000
- Other debts +€93,600
up €93,600 (+65.4%), from €143,220 to €236,820
- Accrued charges and deferred income -€20,882
down €20,882 (-52.4%), from €39,842 to €18,960
- Current portion of long-term debt +€15,936
up €15,936 (+15.9%), from €100,316 to €116,252
- Financial income -€3,210
down €3,210 (-1.6%), from €200,210 to €197,000
- Gross operating margin -€1,857
down €1,857 (-46.4%), from -€4,000 to -€5,857
- Financial charges +€1,081
up €1,081 (+17.4%), from €6,225 to €7,306
of which Non-recurring financial charges: +€2,000
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €921,359 | €889,278 | -€32,080 | -3.5% |
| Fixed assets | 21/28 | €768,000 | €766,002 | -€1,998 | -0.3% |
| Financial fixed assets | 28 | €768,000 | €766,002 | -€1,998 | -0.3% |
| Current assets | 29/58 | €153,359 | €123,276 | -€30,082 | -19.6% |
| Amounts receivable after more than one year | 29 | €50,000 | - | -€50,000 | |
| Other amounts receivable | 291 | €50,000 | - | -€50,000 | |
| Cash at bank and in hand | 54/58 | €101,192 | €123,276 | +€22,084 | +21.8% |
| Deferred charges and accrued income | 490/1 | €2,167 | - | -€2,167 | |
| Total equity and liabilities | 10/49 | €921,359 | €889,278 | -€32,080 | -3.5% |
| Equity | 10/15 | €358,993 | €354,422 | -€4,572 | -1.3% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €348,993 | €344,422 | -€4,572 | -1.3% |
| Amounts payable | 17/49 | €562,365 | €534,857 | -€27,509 | -4.9% |
| Amounts payable after more than one year | 17 | €276,455 | €160,204 | -€116,252 | -42.1% |
| Financial debts | 170/4 | €107,455 | €54,204 | -€53,252 | -49.6% |
| Other amounts payable | 178/9 | €169,000 | €106,000 | -€63,000 | -37.3% |
| Amounts payable within one year | 42/48 | €246,068 | €355,693 | +€109,625 | +44.6% |
| Current portion of amounts payable after more than one year | 42 | €100,316 | €116,252 | +€15,936 | +15.9% |
| Trade debts | 44 | €2,533 | €2,622 | +€89 | +3.5% |
| Suppliers | 440/4 | €2,533 | €2,622 | +€89 | +3.5% |
| Other amounts payable | 47/48 | €143,220 | €236,820 | +€93,600 | +65.4% |
| Accrued charges and deferred income | 492/3 | €39,842 | €18,960 | -€20,882 | -52.4% |
| Other operating charges | 640/8 | €64 | €66 | +€2 | +3.0% |
| Non-recurring operating charges | 66A | - | €47,167 | +€47,167 | |
| Gross operating margin | 9900 | -€4,000 | -€5,857 | -€1,857 | -46.4% |
| Operating profit (loss) | 9901 | -€4,064 | -€53,089 | -€49,025 | -1,206% |
| Financial income | 75/76B | €200,210 | €197,000 | -€3,210 | -1.6% |
| Recurring financial income | 75 | €200,210 | €197,000 | -€3,210 | -1.6% |
| Financial charges | 65/66B | €6,225 | €7,306 | +€1,081 | +17.4% |
| Recurring financial charges | 65 | €6,225 | €5,306 | -€919 | -14.8% |
| Non-recurring financial charges | 66B | - | €2,000 | +€2,000 | |
| Profit (loss) for the period before taxes | 9903 | €189,921 | €136,605 | -€53,316 | -28.1% |
| Profit (loss) for the period | 9904 | €189,921 | €136,605 | -€53,316 | -28.1% |
| Profit (loss) for the period to be appropriated | 9905 | €189,921 | €136,605 | -€53,316 | -28.1% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 2 November 2026 via checked.be.