SNCV: 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.
SNCV
Largest movements
- Cash -€74,295
down €74,295 (-30.3%), from €245,105 to €170,810
mainly Investment in fixed assets (net) (-€67,316) and Other debts (-€54,133)
- Tangible fixed assets +€15,882
up €15,882 (+10.8%), from €146,445 to €162,327
of which Furniture and vehicles: +€44,964
- Other debts -€54,133
down €54,133 (-97.0%), from €55,799 to €1,666
- Reserves +€18,172
up €18,172 (+11.0%), from €165,204 to €183,375
- Trade debts -€13,577
down €13,577 (-50.1%), from €27,121 to €13,544
- Tax, wage and social debts +€4,647
up €4,647 (+20.8%), from €22,309 to €26,956
of which Taxes: +€4,004
- Turnover -€70,522
down €70,522 (-10.5%), from €672,467 to €601,945
- Purchases and services -€27,113
down €27,113 (-6.0%), from €455,308 to €428,194
- Gross operating margin -€25,246
down €25,246 (-10.3%), from €245,896 to €220,650
- Taxes -€10,647
down €10,647 (-61.0%), from €17,464 to €6,817
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 | €423,928 | €374,217 | -€49,711 | -11.7% |
| Fixed assets | 21/28 | €147,692 | €163,574 | +€15,882 | +10.8% |
| Tangible fixed assets | 22/27 | €146,445 | €162,327 | +€15,882 | +10.8% |
| Land and buildings | 22 | €20,105 | €11,344 | -€8,761 | -43.6% |
| Plant, machinery and equipment | 23 | €97,662 | €77,341 | -€20,321 | -20.8% |
| Furniture and vehicles | 24 | €28,678 | €73,642 | +€44,964 | +157% |
| Financial fixed assets | 28 | €1,247 | €1,247 | = | 0.0% |
| Current assets | 29/58 | €276,236 | €210,642 | -€65,593 | -23.7% |
| Stocks and contracts in progress | 3 | €4,702 | €6,782 | +€2,080 | +44.2% |
| Stocks | 30/36 | €4,702 | €6,782 | +€2,080 | +44.2% |
| Amounts receivable within one year | 40/41 | €17,055 | €20,752 | +€3,697 | +21.7% |
| Trade receivables | 40 | €624 | - | -€624 | |
| Other amounts receivable | 41 | €16,431 | €20,752 | +€4,321 | +26.3% |
| Cash at bank and in hand | 54/58 | €245,105 | €170,810 | -€74,295 | -30.3% |
| Deferred charges and accrued income | 490/1 | €9,373 | €12,298 | +€2,925 | +31.2% |
| Total equity and liabilities | 10/49 | €423,928 | €374,217 | -€49,711 | -11.7% |
| Equity | 10/15 | €318,699 | €332,050 | +€13,351 | +4.2% |
| Contributions | 10/11 | €86,221 | €86,221 | = | 0.0% |
| Reserves | 13 | €165,204 | €183,375 | +€18,172 | +11.0% |
| Distributable reserves | 133 | €165,204 | €183,375 | +€18,172 | +11.0% |
| Profit (loss) carried forward | 14 | €59,050 | €57,384 | -€1,666 | -2.8% |
| Investment grants | 15 | €8,224 | €5,070 | -€3,154 | -38.4% |
| Amounts payable | 17/49 | €105,229 | €42,166 | -€63,063 | -59.9% |
| Amounts payable within one year | 42/48 | €105,229 | €42,166 | -€63,063 | -59.9% |
| Trade debts | 44 | €27,121 | €13,544 | -€13,577 | -50.1% |
| Suppliers | 440/4 | €27,121 | €13,544 | -€13,577 | -50.1% |
| Taxes, remuneration and social security | 45 | €22,309 | €26,956 | +€4,647 | +20.8% |
| Taxes | 450/3 | €3,875 | €7,880 | +€4,004 | +103% |
| Remuneration and social security | 454/9 | €18,434 | €19,077 | +€643 | +3.5% |
| Other amounts payable | 47/48 | €55,799 | €1,666 | -€54,133 | -97.0% |
| Turnover | 70 | €672,467 | €601,945 | -€70,522 | -10.5% |
| Goods, raw materials, services and sundry goods | 60/61 | €455,308 | €428,194 | -€27,113 | -6.0% |
| Remuneration, social security and pensions | 62 | €127,611 | €129,363 | +€1,752 | +1.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €50,296 | €51,434 | +€1,138 | +2.3% |
| Other operating charges | 640/8 | €10,260 | €10,357 | +€97 | +0.9% |
| Gross operating margin | 9900 | €245,896 | €220,650 | -€25,246 | -10.3% |
| Operating profit (loss) | 9901 | €57,729 | €29,495 | -€28,233 | -48.9% |
| Financial income | 75/76B | €3,235 | €3,181 | -€54 | -1.7% |
| Recurring financial income | 75 | €3,235 | €3,181 | -€54 | -1.7% |
| Financial charges | 65/66B | €7,687 | €7,688 | +€1 | 0.0% |
| Recurring financial charges | 65 | €7,687 | €7,088 | -€598 | -7.8% |
| Non-recurring financial charges | 66B | - | €600 | +€600 | |
| Profit (loss) for the period before taxes | 9903 | €53,277 | €24,988 | -€28,289 | -53.1% |
| Income taxes | 67/77 | €17,464 | €6,817 | -€10,647 | -61.0% |
| Profit (loss) for the period | 9904 | €35,814 | €18,172 | -€17,642 | -49.3% |
| Profit (loss) for the period to be appropriated | 9905 | €35,814 | €18,172 | -€17,642 | -49.3% |
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 19 October 2026 via checked.be.