SNB: 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.
SNB
Largest movements
- Receivables within one year +€167,342
up €167,342 (+112%), from €149,953 to €317,296
of which Other amounts receivable: +€158,456
- Current investments +€35,000
up €35,000 (+21.9%), from €159,700 to €194,700
- Tangible fixed assets +€17,642
up €17,642 (+142%), from €12,424 to €30,066
of which Plant, machinery and equipment: +€11,733
- Cash -€10,382
down €10,382 (-51.3%), from €20,230 to €9,848
mainly Receivables within one year (-€167,342) and Current investments (-€35,000)
- Reserves +€176,409
up €176,409 (+34.1%), from €517,650 to €694,058
- Tax, wage and social debts +€22,153
up €22,153 (+112%), from €19,847 to €42,000
- Trade debts +€8,863
up €8,863 (+17,864%), from €50 to €8,912
- Gross operating margin +€67,189
up €67,189 (+37.8%), from €177,673 to €244,863
- Taxes +€15,119
up €15,119 (+33.3%), from €45,347 to €60,466
- Depreciation +€3,315
up €3,315 (+115%), from €2,893 to €6,208
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 | €553,929 | €763,570 | +€209,641 | +37.8% |
| Fixed assets | 21/28 | €73,174 | €90,816 | +€17,642 | +24.1% |
| Tangible fixed assets | 22/27 | €12,424 | €30,066 | +€17,642 | +142% |
| Plant, machinery and equipment | 23 | - | €11,733 | +€11,733 | |
| Furniture and vehicles | 24 | €12,424 | €18,333 | +€5,909 | +47.6% |
| Financial fixed assets | 28 | €60,750 | €60,750 | = | 0.0% |
| Current assets | 29/58 | €480,755 | €672,755 | +€191,999 | +39.9% |
| Amounts receivable within one year | 40/41 | €149,953 | €317,296 | +€167,342 | +112% |
| Trade receivables | 40 | - | €8,887 | +€8,887 | |
| Other amounts receivable | 41 | €149,953 | €308,409 | +€158,456 | +106% |
| Current investments | 50/53 | €159,700 | €194,700 | +€35,000 | +21.9% |
| Cash at bank and in hand | 54/58 | €20,230 | €9,848 | -€10,382 | -51.3% |
| Deferred charges and accrued income | 490/1 | €150,873 | €150,912 | +€39 | 0.0% |
| Total equity and liabilities | 10/49 | €553,929 | €763,570 | +€209,641 | +37.8% |
| Equity | 10/15 | €534,033 | €712,658 | +€178,625 | +33.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €517,650 | €694,058 | +€176,409 | +34.1% |
| Distributable reserves | 133 | €517,650 | €694,058 | +€176,409 | +34.1% |
| Profit (loss) carried forward | 14 | -€2,217 | €0 | +€2,217 | |
| Amounts payable | 17/49 | €19,896 | €50,912 | +€31,016 | +156% |
| Amounts payable within one year | 42/48 | €19,896 | €50,912 | +€31,016 | +156% |
| Trade debts | 44 | €50 | €8,912 | +€8,863 | +17,864% |
| Suppliers | 440/4 | €50 | €8,912 | +€8,863 | +17,864% |
| Taxes, remuneration and social security | 45 | €19,847 | €42,000 | +€22,153 | +112% |
| Taxes | 450/3 | €19,847 | €42,000 | +€22,153 | +112% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,893 | €6,208 | +€3,315 | +115% |
| Other operating charges | 640/8 | €64 | €1,693 | +€1,629 | +2,553% |
| Gross operating margin | 9900 | €177,673 | €244,863 | +€67,189 | +37.8% |
| Operating profit (loss) | 9901 | €174,716 | €236,962 | +€62,245 | +35.6% |
| Financial income | 75/76B | €2,875 | €2,741 | -€134 | -4.7% |
| Recurring financial income | 75 | €2,875 | €2,741 | -€134 | -4.7% |
| Financial charges | 65/66B | €893 | €612 | -€281 | -31.5% |
| Recurring financial charges | 65 | €893 | €612 | -€281 | -31.5% |
| Profit (loss) for the period before taxes | 9903 | €176,698 | €239,091 | +€62,393 | +35.3% |
| Income taxes | 67/77 | €45,347 | €60,466 | +€15,119 | +33.3% |
| Profit (loss) for the period | 9904 | €131,351 | €178,625 | +€47,274 | +36.0% |
| Profit (loss) for the period to be appropriated | 9905 | €131,351 | €178,625 | +€47,274 | +36.0% |
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 18 October 2026 via checked.be.