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 +€15,726
up €15,726 (+64.7%), from €24,321 to €40,047
of which Trade receivables: +€15,726
- Tangible fixed assets +€10,020
new in 2025: €10,020
- Reserves +€19,480
up €19,480 (+4.5%), from €436,629 to €456,110
of which Distributable reserves: +€19,480
- Other debts +€9,691
up €9,691 (+14.0%), from €69,160 to €78,852
- Gross operating margin -€36,209
down €36,209 (-51.8%), from €69,844 to €33,634
- Taxes -€10,727
down €10,727 (-60.2%), from €17,828 to €7,101
- Depreciation +€1,063
up €1,063, from €0 to €1,063
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 | €538,730 | €564,832 | +€26,102 | +4.8% |
| Fixed assets | 21/28 | €315,000 | €325,020 | +€10,020 | +3.2% |
| Tangible fixed assets | 22/27 | - | €10,020 | +€10,020 | |
| Furniture and vehicles | 24 | - | €10,020 | +€10,020 | |
| Financial fixed assets | 28 | €315,000 | €315,000 | = | 0.0% |
| Current assets | 29/58 | €223,730 | €239,812 | +€16,082 | +7.2% |
| Amounts receivable within one year | 40/41 | €24,321 | €40,047 | +€15,726 | +64.7% |
| Trade receivables | 40 | €24,321 | €40,047 | +€15,726 | +64.7% |
| Other amounts receivable | 41 | €0 | - | = | |
| Current investments | 50/53 | €120,000 | €120,000 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €79,409 | €79,765 | +€356 | +0.4% |
| Total equity and liabilities | 10/49 | €538,730 | €564,832 | +€26,102 | +4.8% |
| Equity | 10/15 | €455,229 | €474,710 | +€19,480 | +4.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €436,629 | €456,110 | +€19,480 | +4.5% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €436,629 | €456,110 | +€19,480 | +4.5% |
| Amounts payable | 17/49 | €83,500 | €90,122 | +€6,622 | +7.9% |
| Amounts payable within one year | 42/48 | €83,113 | €89,722 | +€6,609 | +8.0% |
| Trade debts | 44 | €125 | €29 | -€96 | -76.9% |
| Suppliers | 440/4 | €125 | €29 | -€96 | -76.9% |
| Taxes, remuneration and social security | 45 | €13,827 | €10,842 | -€2,986 | -21.6% |
| Taxes | 450/3 | €11,475 | €8,489 | -€2,986 | -26.0% |
| Remuneration and social security | 454/9 | €2,352 | €2,352 | = | 0.0% |
| Other amounts payable | 47/48 | €69,160 | €78,852 | +€9,691 | +14.0% |
| Accrued charges and deferred income | 492/3 | €387 | €400 | +€12 | +3.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €0 | €1,063 | +€1,063 | |
| Other operating charges | 640/8 | €627 | €607 | -€20 | -3.2% |
| Gross operating margin | 9900 | €69,844 | €33,634 | -€36,209 | -51.8% |
| Operating profit (loss) | 9901 | €69,216 | €31,964 | -€37,252 | -53.8% |
| Financial charges | 65/66B | €4,775 | €5,383 | +€608 | +12.7% |
| Recurring financial charges | 65 | €4,775 | €5,383 | +€608 | +12.7% |
| Profit (loss) for the period before taxes | 9903 | €64,441 | €26,581 | -€37,860 | -58.8% |
| Income taxes | 67/77 | €17,828 | €7,101 | -€10,727 | -60.2% |
| Profit (loss) for the period | 9904 | €46,613 | €19,480 | -€27,133 | -58.2% |
| Profit (loss) for the period to be appropriated | 9905 | €46,613 | €19,480 | -€27,133 | -58.2% |
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 24 October 2026 via checked.be.