SN PRESSE: 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 PRESSE
Largest movements
- Receivables within one year +€57,678
up €57,678 (+27.0%), from €213,709 to €271,387
of which Other amounts receivable: +€55,591
- Intangible fixed assets -€46,991
down €46,991 (-54.3%), from €86,614 to €39,623
- Tangible fixed assets +€25,777
up €25,777 (+16.1%), from €160,185 to €185,962
of which Other tangible fixed assets: +€42,282
- Other debts +€130,631
up €130,631 (+60.2%), from €217,092 to €347,722
- Debts after one year -€48,788
down €48,788 (-56.7%), from €86,106 to €37,318
- Profit (loss) carried forward -€22,715
down €22,715 (-90.0%), from €25,239 to €2,525
- Tax, wage and social debts -€15,552
down €15,552 (-14.6%), from €106,654 to €91,102
of which Taxes: -€22,863
- Gross operating margin +€71,827
up €71,827 (+6.6%), from €1.1m to €1.2m
- Staff costs +€60,940
up €60,940 (+10.4%), from €585,179 to €646,119
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 | €616,473 | €655,274 | +€38,801 | +6.3% |
| Fixed assets | 21/28 | €246,889 | €225,675 | -€21,214 | -8.6% |
| Intangible fixed assets | 21 | €86,614 | €39,623 | -€46,991 | -54.3% |
| Tangible fixed assets | 22/27 | €160,185 | €185,962 | +€25,777 | +16.1% |
| Plant, machinery and equipment | 23 | €58,185 | €45,652 | -€12,533 | -21.5% |
| Furniture and vehicles | 24 | €7,749 | €3,777 | -€3,972 | -51.3% |
| Other tangible fixed assets | 26 | €94,251 | €136,533 | +€42,282 | +44.9% |
| Financial fixed assets | 28 | €90 | €90 | = | 0.0% |
| Current assets | 29/58 | €369,584 | €429,598 | +€60,015 | +16.2% |
| Stocks and contracts in progress | 3 | €18,490 | €16,700 | -€1,790 | -9.7% |
| Stocks | 30/36 | €18,490 | €16,700 | -€1,790 | -9.7% |
| Amounts receivable within one year | 40/41 | €213,709 | €271,387 | +€57,678 | +27.0% |
| Trade receivables | 40 | €403 | €2,491 | +€2,087 | +517.6% |
| Other amounts receivable | 41 | €213,305 | €268,896 | +€55,591 | +26.1% |
| Cash at bank and in hand | 54/58 | €118,311 | €118,216 | -€95 | -0.1% |
| Deferred charges and accrued income | 490/1 | €19,074 | €23,296 | +€4,222 | +22.1% |
| Total equity and liabilities | 10/49 | €616,473 | €655,274 | +€38,801 | +6.3% |
| Equity | 10/15 | €56,011 | €31,499 | -€24,512 | -43.8% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €25,239 | €2,525 | -€22,715 | -90.0% |
| Investment grants | 15 | €10,771 | €8,974 | -€1,797 | -16.7% |
| Amounts payable | 17/49 | €560,462 | €623,775 | +€63,312 | +11.3% |
| Amounts payable after more than one year | 17 | €86,106 | €37,318 | -€48,788 | -56.7% |
| Financial debts | 170/4 | €86,106 | €37,318 | -€48,788 | -56.7% |
| Amounts payable within one year | 42/48 | €474,357 | €586,457 | +€112,100 | +23.6% |
| Current portion of amounts payable after more than one year | 42 | €68,821 | €69,812 | +€991 | +1.4% |
| Trade debts | 44 | €81,790 | €77,820 | -€3,970 | -4.9% |
| Suppliers | 440/4 | €81,790 | €77,820 | -€3,970 | -4.9% |
| Taxes, remuneration and social security | 45 | €106,654 | €91,102 | -€15,552 | -14.6% |
| Taxes | 450/3 | €46,904 | €24,041 | -€22,863 | -48.7% |
| Remuneration and social security | 454/9 | €59,749 | €67,061 | +€7,311 | +12.2% |
| Other amounts payable | 47/48 | €217,092 | €347,722 | +€130,631 | +60.2% |
| Remuneration, social security and pensions | 62 | €585,179 | €646,119 | +€60,940 | +10.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €83,809 | €86,552 | +€2,743 | +3.3% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €0 | - | = | |
| Other operating charges | 640/8 | €6,704 | €4,392 | -€2,312 | -34.5% |
| Gross operating margin | 9900 | €1,086,279 | €1,158,106 | +€71,827 | +6.6% |
| Operating profit (loss) | 9901 | €410,586 | €421,043 | +€10,457 | +2.5% |
| Financial income | 75/76B | €1,375 | €2,165 | +€790 | +57.5% |
| Recurring financial income | 75 | €1,375 | €2,165 | +€790 | +57.5% |
| Financial charges | 65/66B | €67,971 | €59,424 | -€8,548 | -12.6% |
| Recurring financial charges | 65 | €67,971 | €59,424 | -€8,548 | -12.6% |
| Profit (loss) for the period before taxes | 9903 | €343,991 | €363,785 | +€19,794 | +5.8% |
| Income taxes | 67/77 | €87,515 | €91,500 | +€3,984 | +4.6% |
| Profit (loss) for the period | 9904 | €256,475 | €272,285 | +€15,810 | +6.2% |
| Profit (loss) for the period to be appropriated | 9905 | €256,475 | €272,285 | +€15,810 | +6.2% |
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 11 October 2026 via checked.be.