SN Works: 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 Works
Largest movements
- Receivables within one year -€16,784
down €16,784 (-95.7%), from €17,546 to €762
of which Trade receivables: -€17,466
- Tangible fixed assets -€12,199
down €12,199 (-21.5%), from €56,746 to €44,547
of which Plant, machinery and equipment: -€10,513
- Stocks and contracts -€6,240
down €6,240 (-43.8%), from €14,240 to €8,000
- Other debts -€61,681
down €61,681 (-81.0%), from €76,153 to €14,472
- Profit (loss) carried forward +€24,647
up €24,647, from -€20,801 to €3,846
- Short-term financial debts +€5,257
new in 2025: €5,257
- Debts after one year -€1,846
no longer reported in 2025 (was €1,846)
- Trade debts -€1,118
down €1,118 (-4.6%), from €24,574 to €23,455
- Gross operating margin +€65,017
up €65,017 (+609%), from €10,674 to €75,692
- Staff costs +€32,271
up €32,271 (+992%), from €3,254 to €35,524
- Depreciation -€2,795
down €2,795 (-17.0%), from €16,456 to €13,661
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
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 | €89,154 | €53,761 | -€35,393 | -39.7% |
| Fixed assets | 21/28 | €56,746 | €44,547 | -€12,199 | -21.5% |
| Tangible fixed assets | 22/27 | €56,746 | €44,547 | -€12,199 | -21.5% |
| Plant, machinery and equipment | 23 | €51,768 | €41,256 | -€10,513 | -20.3% |
| Furniture and vehicles | 24 | €4,977 | €3,291 | -€1,686 | -33.9% |
| Current assets | 29/58 | €32,408 | €9,215 | -€23,193 | -71.6% |
| Stocks and contracts in progress | 3 | €14,240 | €8,000 | -€6,240 | -43.8% |
| Stocks | 30/36 | €14,240 | €8,000 | -€6,240 | -43.8% |
| Amounts receivable within one year | 40/41 | €17,546 | €762 | -€16,784 | -95.7% |
| Trade receivables | 40 | €17,466 | - | -€17,466 | |
| Other amounts receivable | 41 | €80 | €762 | +€682 | +855% |
| Cash at bank and in hand | 54/58 | €622 | €453 | -€169 | -27.2% |
| Total equity and liabilities | 10/49 | €89,154 | €53,761 | -€35,393 | -39.7% |
| Equity | 10/15 | -€18,801 | €5,846 | +€24,647 | |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€20,801 | €3,846 | +€24,647 | |
| Amounts payable | 17/49 | €107,955 | €47,915 | -€60,040 | -55.6% |
| Amounts payable after more than one year | 17 | €1,846 | - | -€1,846 | |
| Financial debts | 170/4 | €1,846 | - | -€1,846 | |
| Amounts payable within one year | 42/48 | €106,109 | €47,915 | -€58,194 | -54.8% |
| Current portion of amounts payable after more than one year | 42 | €2,718 | €1,846 | -€872 | -32.1% |
| Financial debts | 43 | - | €5,257 | +€5,257 | |
| Credit institutions | 430/8 | - | €5,257 | +€5,257 | |
| Trade debts | 44 | €24,574 | €23,455 | -€1,118 | -4.6% |
| Suppliers | 440/4 | €24,574 | €23,455 | -€1,118 | -4.6% |
| Taxes, remuneration and social security | 45 | €2,664 | €2,885 | +€221 | +8.3% |
| Taxes | 450/3 | €2,664 | €2,885 | +€221 | +8.3% |
| Other amounts payable | 47/48 | €76,153 | €14,472 | -€61,681 | -81.0% |
| Remuneration, social security and pensions | 62 | €3,254 | €35,524 | +€32,271 | +992% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,456 | €13,661 | -€2,795 | -17.0% |
| Other operating charges | 640/8 | €928 | €787 | -€141 | -15.2% |
| Non-recurring operating charges | 66A | €11 | €93 | +€83 | +790% |
| Gross operating margin | 9900 | €10,674 | €75,692 | +€65,017 | +609% |
| Operating profit (loss) | 9901 | -€9,975 | €25,626 | +€35,600 | |
| Financial charges | 65/66B | €875 | €978 | +€103 | +11.8% |
| Recurring financial charges | 65 | €875 | €978 | +€103 | +11.8% |
| Profit (loss) for the period before taxes | 9903 | -€10,850 | €24,647 | +€35,497 | |
| Profit (loss) for the period | 9904 | -€10,850 | €24,647 | +€35,497 | |
| Profit (loss) for the period to be appropriated | 9905 | -€10,850 | €24,647 | +€35,497 |
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 26 October 2026 via checked.be.