SND: 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.
SND
Largest movements
- Cash +€23,330
up €23,330 (+20.2%), from €115,771 to €139,100
mainly Net result for the year (+€14,325) and Other debts (+€5,963)
- Receivables within one year -€5,130
down €5,130 (-33.5%), from €15,307 to €10,176
- Reserves +€14,325
up €14,325 (+12.4%), from €115,528 to €129,853
- Other debts +€5,963
up €5,963 (+41.7%), from €14,283 to €20,246
- Tax, wage and social debts -€2,580
down €2,580 (-40.9%), from €6,310 to €3,730
- Gross operating margin -€3,080
down €3,080 (-10.5%), from €29,355 to €26,275
- Depreciation +€711
up €711 (+28.1%), from €2,532 to €3,243
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.
Cash bridge derived
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 | €138,008 | €155,728 | +€17,720 | +12.8% |
| Fixed assets | 21/28 | €6,821 | €6,342 | -€479 | -7.0% |
| Tangible fixed assets | 22/27 | €6,821 | €6,342 | -€479 | -7.0% |
| Furniture and vehicles | 24 | €6,821 | €6,342 | -€479 | -7.0% |
| Current assets | 29/58 | €131,187 | €149,386 | +€18,199 | +13.9% |
| Amounts receivable within one year | 40/41 | €15,307 | €10,176 | -€5,130 | -33.5% |
| Trade receivables | 40 | €15,307 | €10,176 | -€5,130 | -33.5% |
| Cash at bank and in hand | 54/58 | €115,771 | €139,100 | +€23,330 | +20.2% |
| Deferred charges and accrued income | 490/1 | €109 | €109 | = | 0.0% |
| Total equity and liabilities | 10/49 | €138,008 | €155,728 | +€17,720 | +12.8% |
| Equity | 10/15 | €117,028 | €131,353 | +€14,325 | +12.2% |
| Contributions | 10/11 | €1,500 | €1,500 | = | 0.0% |
| Reserves | 13 | €115,528 | €129,853 | +€14,325 | +12.4% |
| Distributable reserves | 133 | €115,528 | €129,853 | +€14,325 | +12.4% |
| Amounts payable | 17/49 | €20,980 | €24,375 | +€3,396 | +16.2% |
| Amounts payable within one year | 42/48 | €20,980 | €24,375 | +€3,396 | +16.2% |
| Trade debts | 44 | €387 | €400 | +€12 | +3.2% |
| Suppliers | 440/4 | €387 | €400 | +€12 | +3.2% |
| Taxes, remuneration and social security | 45 | €6,310 | €3,730 | -€2,580 | -40.9% |
| Taxes | 450/3 | €6,310 | €3,730 | -€2,580 | -40.9% |
| Other amounts payable | 47/48 | €14,283 | €20,246 | +€5,963 | +41.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,532 | €3,243 | +€711 | +28.1% |
| Other operating charges | 640/8 | €387 | €400 | +€12 | +3.2% |
| Gross operating margin | 9900 | €29,355 | €26,275 | -€3,080 | -10.5% |
| Operating profit (loss) | 9901 | €26,435 | €22,632 | -€3,804 | -14.4% |
| Financial charges | 65/66B | - | €0 | +€0 | |
| Recurring financial charges | 65 | - | €0 | +€0 | |
| Profit (loss) for the period before taxes | 9903 | €26,435 | €22,632 | -€3,804 | -14.4% |
| Income taxes | 67/77 | €8,071 | €8,307 | +€236 | +2.9% |
| Profit (loss) for the period | 9904 | €18,364 | €14,325 | -€4,039 | -22.0% |
| Profit (loss) for the period to be appropriated | 9905 | €18,364 | €14,325 | -€4,039 | -22.0% |
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 12 October 2026 via checked.be.