SNDR: 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.
SNDR
Largest movements
- Tangible fixed assets -€27,345
down €27,345 (-9.1%), from €302,146 to €274,801
of which Land and buildings: -€19,818
- Receivables within one year +€12,370
up €12,370 (+164.1%), from €7,540 to €19,910
of which Trade receivables: +€18,400
- Debts after one year -€21,537
down €21,537 (-7.7%), from €279,666 to €258,129
- Other operating charges -€2,163
down €2,163 (-77.8%), from €2,779 to €616
- Gross operating margin -€1,724
down €1,724 (-4.0%), from €42,785 to €41,062
- Depreciation +€1,716
up €1,716 (+6.7%), from €25,629 to €27,345
- Financial charges -€865
down €865 (-6.3%), from €13,759 to €12,894
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 | €315,792 | €299,466 | -€16,326 | -5.2% |
| Fixed assets | 21/28 | €302,146 | €274,801 | -€27,345 | -9.1% |
| Tangible fixed assets | 22/27 | €302,146 | €274,801 | -€27,345 | -9.1% |
| Land and buildings | 22 | €271,169 | €251,352 | -€19,818 | -7.3% |
| Furniture and vehicles | 24 | €30,977 | €23,449 | -€7,528 | -24.3% |
| Current assets | 29/58 | €13,646 | €24,665 | +€11,020 | +80.8% |
| Amounts receivable within one year | 40/41 | €7,540 | €19,910 | +€12,370 | +164.1% |
| Trade receivables | 40 | €1,510 | €19,910 | +€18,400 | +1218.3% |
| Other amounts receivable | 41 | €6,030 | - | -€6,030 | |
| Cash at bank and in hand | 54/58 | €5,960 | €4,603 | -€1,357 | -22.8% |
| Deferred charges and accrued income | 490/1 | €145 | €152 | +€6 | +4.3% |
| Total equity and liabilities | 10/49 | €315,792 | €299,466 | -€16,326 | -5.2% |
| Equity | 10/15 | -€24,260 | -€24,195 | +€66 | +0.3% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€26,760 | -€26,695 | +€66 | +0.2% |
| Amounts payable | 17/49 | €340,052 | €323,661 | -€16,391 | -4.8% |
| Amounts payable after more than one year | 17 | €279,666 | €258,129 | -€21,537 | -7.7% |
| Financial debts | 170/4 | €279,666 | €258,129 | -€21,537 | -7.7% |
| Amounts payable within one year | 42/48 | €57,960 | €63,382 | +€5,422 | +9.4% |
| Current portion of amounts payable after more than one year | 42 | €20,577 | €21,537 | +€959 | +4.7% |
| Financial debts | 43 | - | €17 | +€17 | |
| Credit institutions | 430/8 | - | €17 | +€17 | |
| Trade debts | 44 | €469 | €698 | +€229 | +48.8% |
| Suppliers | 440/4 | €469 | €698 | +€229 | +48.8% |
| Taxes, remuneration and social security | 45 | €6,969 | €8,540 | +€1,570 | +22.5% |
| Taxes | 450/3 | €6,969 | €5,540 | -€1,430 | -20.5% |
| Remuneration and social security | 454/9 | - | €3,000 | +€3,000 | |
| Other amounts payable | 47/48 | €29,944 | €32,591 | +€2,647 | +8.8% |
| Accrued charges and deferred income | 492/3 | €2,427 | €2,150 | -€277 | -11.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €25,629 | €27,345 | +€1,716 | +6.7% |
| Other operating charges | 640/8 | €2,779 | €616 | -€2,163 | -77.8% |
| Gross operating margin | 9900 | €42,785 | €41,062 | -€1,724 | -4.0% |
| Operating profit (loss) | 9901 | €14,377 | €13,100 | -€1,276 | -8.9% |
| Financial charges | 65/66B | €13,759 | €12,894 | -€865 | -6.3% |
| Recurring financial charges | 65 | €13,759 | €12,894 | -€865 | -6.3% |
| Profit (loss) for the period before taxes | 9903 | €618 | €206 | -€411 | -66.6% |
| Income taxes | 67/77 | €141 | €141 | -€0 | -0.2% |
| Profit (loss) for the period | 9904 | €477 | €66 | -€411 | -86.2% |
| Profit (loss) for the period to be appropriated | 9905 | €477 | €66 | -€411 | -86.2% |
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 9 October 2026 via checked.be.