SNF RESI: 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.
SNF RESI
Largest movements
- Receivables within one year +€3.8m
up €3.8m (+334%), from €1.1m to €5.0m
- Stocks and contracts +€2.0m
up €2.0m (+55.9%), from €3.6m to €5.7m
of which Contracts in progress: +€2.2m
- Cash -€1.7m
down €1.7m (-49.2%), from €3.5m to €1.8m
mainly Receivables within one year (-€3.8m) and Stocks and contracts (-€2.0m)
- Financial fixed assets +€200,582
new in 2025: €200,582
- Debts after one year +€6.8m
up €6.8m (+113%), from €6.0m to €12.7m
of which Financial debts: +€5.0m
- Trade debts -€2.0m
down €2.0m (-67.8%), from €2.9m to €935,556
- Tax, wage and social debts -€328,176
down €328,176 (-78.9%), from €416,158 to €87,981
- Profit (loss) carried forward -€144,733
down €144,733 (-14.5%), from -€1.0m to -€1.1m
- Services and other goods +€2.0m
up €2.0m (+15.7%), from €12.7m to €14.7m
- Turnover +€197,045
up €197,045 (+1,126%), from €17,500 to €214,545
- Goods and materials +€182,695
new in 2025: €182,695
- Financial charges -€32,593
down €32,593 (-9.6%), from €338,244 to €305,651
- Other operating income +€16,921
up €16,921 (+485%), from €3,492 to €20,413
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 | €8,334,420 | €12,661,554 | +€4.3m | +51.9% |
| Fixed assets | 21/28 | - | €200,582 | +€200,582 | |
| Financial fixed assets | 28 | - | €200,582 | +€200,582 | |
| Other financial fixed assets | 284/8 | - | €200,582 | +€200,582 | |
| Amounts receivable and cash guarantees | 285/8 | - | €200,582 | +€200,582 | |
| Current assets | 29/58 | €8,334,420 | €12,460,972 | +€4.1m | +49.5% |
| Stocks and contracts in progress | 3 | €3,634,753 | €5,667,378 | +€2.0m | +55.9% |
| Stocks | 30/36 | €182,695 | - | -€182,695 | |
| Property held for sale | 35 | €182,695 | - | -€182,695 | |
| Contracts in progress | 37 | €3,452,058 | €5,667,378 | +€2.2m | +64.2% |
| Amounts receivable within one year | 40/41 | €1,144,191 | €4,967,659 | +€3.8m | +334% |
| Trade receivables | 40 | €1,144,191 | €4,967,659 | +€3.8m | +334% |
| Cash at bank and in hand | 54/58 | €3,497,730 | €1,775,900 | -€1.7m | -49.2% |
| Deferred charges and accrued income | 490/1 | €57,747 | €50,035 | -€7,711 | -13.4% |
| Total equity and liabilities | 10/49 | €8,334,420 | €12,661,554 | +€4.3m | +51.9% |
| Equity | 10/15 | -€982,790 | -€1,127,523 | -€144,733 | -14.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€1,001,390 | -€1,146,123 | -€144,733 | -14.5% |
| Amounts payable | 17/49 | €9,317,210 | €13,789,077 | +€4.5m | +48.0% |
| Amounts payable after more than one year | 17 | €5,997,043 | €12,747,091 | +€6.8m | +113% |
| Financial debts | 170/4 | - | €5,038,569 | +€5.0m | |
| Credit institutions | 173 | - | €5,038,569 | +€5.0m | |
| Other amounts payable | 178/9 | €5,997,043 | €7,708,522 | +€1.7m | +28.5% |
| Amounts payable within one year | 42/48 | €3,320,168 | €1,023,537 | -€2.3m | -69.2% |
| Trade debts | 44 | €2,904,010 | €935,556 | -€2.0m | -67.8% |
| Suppliers | 440/4 | €2,904,010 | €935,556 | -€2.0m | -67.8% |
| Taxes, remuneration and social security | 45 | €416,158 | €87,981 | -€328,176 | -78.9% |
| Taxes | 450/3 | €416,158 | €87,981 | -€328,176 | -78.9% |
| Accrued charges and deferred income | 492/3 | - | €18,449 | +€18,449 | |
| Operating income | 70/76A | €12,846,885 | €15,058,045 | +€2.2m | +17.2% |
| Turnover | 70 | €17,500 | €214,545 | +€197,045 | +1,126% |
| Change in stocks of work in progress, finished goods and contracts in progress | 71 | €12,825,893 | €14,823,087 | +€2.0m | +15.6% |
| Other operating income | 74 | €3,492 | €20,413 | +€16,921 | +485% |
| Operating charges | 60/66A | €12,719,404 | €14,897,152 | +€2.2m | +17.1% |
| Goods for resale, raw materials and consumables | 60 | - | €182,695 | +€182,695 | |
| Purchases | 600/8 | - | €182,695 | +€182,695 | |
| Services and other goods | 61 | €12,718,167 | €14,712,287 | +€2.0m | +15.7% |
| Other operating charges | 640/8 | €1,237 | €2,170 | +€933 | +75.5% |
| Operating profit (loss) | 9901 | €127,481 | €160,893 | +€33,412 | +26.2% |
| Financial income | 75/76B | €8,030 | €25 | -€8,005 | -99.7% |
| Recurring financial income | 75 | €8,030 | €25 | -€8,005 | -99.7% |
| Other financial income | 752/9 | €8,030 | €25 | -€8,005 | -99.7% |
| Financial charges | 65/66B | €338,244 | €305,651 | -€32,593 | -9.6% |
| Recurring financial charges | 65 | €338,244 | €305,651 | -€32,593 | -9.6% |
| Debt charges | 650 | - | €35,542 | +€35,542 | |
| Other financial charges | 652/9 | €338,244 | €270,109 | -€68,135 | -20.1% |
| Profit (loss) for the period before taxes | 9903 | -€202,734 | -€144,733 | +€58,000 | +28.6% |
| Profit (loss) for the period | 9904 | -€202,734 | -€144,733 | +€58,000 | +28.6% |
| Profit (loss) for the period to be appropriated | 9905 | -€202,734 | -€144,733 | +€58,000 | +28.6% |
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 23 October 2026 via checked.be.