SN-Vest: 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-Vest
Largest movements
- Tangible fixed assets -€30,170
down €30,170 (-6.0%), from €502,057 to €471,887
of which Land and buildings: -€21,045
- Receivables within one year +€28,505
up €28,505 (+41.1%), from €69,345 to €97,850
of which Trade receivables: +€35,550
- Other debts +€31,972
up €31,972 (+191%), from €16,749 to €48,721
- Debts after one year -€26,742
down €26,742 (-5.4%), from €491,534 to €464,792
- Profit (loss) carried forward -€8,908
down €8,908, from €1,889 to -€7,018
- Trade debts +€8,678
up €8,678 (+166%), from €5,224 to €13,901
- Tax, wage and social debts -€7,058
down €7,058 (-31.6%), from €22,356 to €15,298
of which Remuneration and social security: -€4,047
- Gross operating margin -€20,100
down €20,100 (-28.9%), from €69,606 to €49,506
- Financial charges -€8,134
down €8,134 (-23.6%), from €34,486 to €26,352
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
Cash or the result is not a separate line in both sets of accounts; the cash flow cannot be derived from them.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €576,402 | €575,435 | -€967 | -0.2% |
| Fixed assets | 21/28 | €502,057 | €471,887 | -€30,170 | -6.0% |
| Tangible fixed assets | 22/27 | €502,057 | €471,887 | -€30,170 | -6.0% |
| Land and buildings | 22 | €464,303 | €443,258 | -€21,045 | -4.5% |
| Plant, machinery and equipment | 23 | €598 | €332 | -€266 | -44.5% |
| Furniture and vehicles | 24 | €37,156 | €28,297 | -€8,859 | -23.8% |
| Current assets | 29/58 | €74,345 | €103,547 | +€29,203 | +39.3% |
| Amounts receivable within one year | 40/41 | €69,345 | €97,850 | +€28,505 | +41.1% |
| Trade receivables | 40 | €61,617 | €97,168 | +€35,550 | +57.7% |
| Other amounts receivable | 41 | €7,727 | €682 | -€7,045 | -91.2% |
| Deferred charges and accrued income | 490/1 | €5,000 | €5,698 | +€698 | +14.0% |
| Total equity and liabilities | 10/49 | €576,402 | €575,435 | -€967 | -0.2% |
| Equity | 10/15 | €11,889 | €2,982 | -€8,908 | -74.9% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,889 | -€7,018 | -€8,908 | |
| Amounts payable | 17/49 | €564,513 | €572,453 | +€7,940 | +1.4% |
| Amounts payable after more than one year | 17 | €491,534 | €464,792 | -€26,742 | -5.4% |
| Financial debts | 170/4 | €491,534 | €464,792 | -€26,742 | -5.4% |
| Amounts payable within one year | 42/48 | €72,619 | €106,341 | +€33,723 | +46.4% |
| Current portion of amounts payable after more than one year | 42 | €26,204 | €26,742 | +€539 | +2.1% |
| Financial debts | 43 | €2,086 | €1,678 | -€407 | -19.5% |
| Credit institutions | 430/8 | €2,086 | €1,678 | -€407 | -19.5% |
| Trade debts | 44 | €5,224 | €13,901 | +€8,678 | +166% |
| Suppliers | 440/4 | €5,224 | €13,901 | +€8,678 | +166% |
| Taxes, remuneration and social security | 45 | €22,356 | €15,298 | -€7,058 | -31.6% |
| Taxes | 450/3 | €16,180 | €13,169 | -€3,011 | -18.6% |
| Remuneration and social security | 454/9 | €6,176 | €2,129 | -€4,047 | -65.5% |
| Other amounts payable | 47/48 | €16,749 | €48,721 | +€31,972 | +191% |
| Accrued charges and deferred income | 492/3 | €360 | €1,320 | +€960 | +267% |
| Non-recurring operating income | 76A | €27,599 | €0 | -€27,599 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €30,554 | €30,170 | -€384 | -1.3% |
| Other operating charges | 640/8 | €2,093 | €1,892 | -€201 | -9.6% |
| Gross operating margin | 9900 | €69,606 | €49,506 | -€20,100 | -28.9% |
| Operating profit (loss) | 9901 | €36,960 | €17,444 | -€19,516 | -52.8% |
| Financial charges | 65/66B | €34,486 | €26,352 | -€8,134 | -23.6% |
| Recurring financial charges | 65 | €34,486 | €26,352 | -€8,134 | -23.6% |
| Profit (loss) for the period before taxes | 9903 | €2,474 | -€8,908 | -€11,381 | |
| Income taxes | 67/77 | €584 | €0 | -€584 | -100% |
| Profit (loss) for the period | 9904 | €1,889 | -€8,908 | -€10,797 | |
| Profit (loss) for the period to be appropriated | 9905 | €1,889 | -€8,908 | -€10,797 |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 22 October 2026 via checked.be.