SnG: what changed
Two fiscal 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.
SnG
Largest movements
- Receivables within one year -€253,578
down €253,578 (-21.2%), from €1.2m to €940,232
of which Other amounts receivable: -€213,850
- Tangible fixed assets -€94,184
down €94,184 (-36.7%), from €256,756 to €162,572
of which Other tangible fixed assets: -€55,805
- Profit (loss) carried forward -€298,018
down €298,018 (-150.4%), from -€198,208 to -€496,226
- Debts after one year -€25,000
down €25,000 (-63.2%), from €39,583 to €14,583
- Trade debts -€22,065
down €22,065 (-100.0%), from €22,065 to €0
- Current portion of long-term debt -€17,243
down €17,243 (-40.8%), from €42,243 to €25,000
- Gross operating margin -€437,962
down €437,962 (-99.4%), from €440,639 to €2,677
- Other operating charges -€23,663
down €23,663 (-85.4%), from €27,719 to €4,057
- Write-downs -€15,658
down €15,658 (-100.0%), from €15,658 to €0
- Depreciation -€12,191
down €12,191 (-10.9%), from €112,169 to €99,978
- Staff costs +€9,430
up €9,430 (+4.8%), from €195,339 to €204,769
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 | €1,532,707 | €1,178,912 | -€353,794 | -23.1% |
| Fixed assets | 21/28 | €263,251 | €168,525 | -€94,726 | -36.0% |
| Intangible fixed assets | 21 | €542 | €0 | -€542 | -100.0% |
| Tangible fixed assets | 22/27 | €256,756 | €162,572 | -€94,184 | -36.7% |
| Plant, machinery and equipment | 23 | €139,438 | €98,733 | -€40,706 | -29.2% |
| Furniture and vehicles | 24 | €3,621 | €5,947 | +€2,326 | +64.2% |
| Other tangible fixed assets | 26 | €113,697 | €57,892 | -€55,805 | -49.1% |
| Financial fixed assets | 28 | €5,953 | €5,953 | = | 0.0% |
| Current assets | 29/58 | €1,269,456 | €1,010,388 | -€259,068 | -20.4% |
| Stocks and contracts in progress | 3 | €0 | - | = | |
| Stocks | 30/36 | €0 | - | = | |
| Amounts receivable within one year | 40/41 | €1,193,810 | €940,232 | -€253,578 | -21.2% |
| Trade receivables | 40 | €75,206 | €35,478 | -€39,728 | -52.8% |
| Other amounts receivable | 41 | €1,118,604 | €904,754 | -€213,850 | -19.1% |
| Cash at bank and in hand | 54/58 | €74,869 | €66,388 | -€8,481 | -11.3% |
| Deferred charges and accrued income | 490/1 | €776 | €3,767 | +€2,991 | +385.3% |
| Total equity and liabilities | 10/49 | €1,532,707 | €1,178,912 | -€353,794 | -23.1% |
| Equity | 10/15 | €1,395,010 | €1,096,992 | -€298,018 | -21.4% |
| Contributions | 10/11 | €700,000 | €700,000 | = | 0.0% |
| Capital | 10 | €700,000 | €700,000 | = | 0.0% |
| Issued capital | 100 | €700,000 | €700,000 | = | 0.0% |
| Reserves | 13 | €893,217 | €893,217 | = | 0.0% |
| Non-distributable reserves | 130/1 | €544,060 | €544,060 | = | 0.0% |
| Legal reserve | 130 | €97,900 | €97,900 | = | 0.0% |
| Reserves not available under the articles | 1311 | €446,160 | €446,160 | = | 0.0% |
| Tax-exempt reserves | 132 | €151,122 | €151,122 | = | 0.0% |
| Distributable reserves | 133 | €198,034 | €198,034 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€198,208 | -€496,226 | -€298,018 | -150.4% |
| Amounts payable | 17/49 | €137,697 | €81,921 | -€55,776 | -40.5% |
| Amounts payable after more than one year | 17 | €39,583 | €14,583 | -€25,000 | -63.2% |
| Financial debts | 170/4 | €39,583 | €14,583 | -€25,000 | -63.2% |
| Amounts payable within one year | 42/48 | €98,114 | €67,338 | -€30,776 | -31.4% |
| Current portion of amounts payable after more than one year | 42 | €42,243 | €25,000 | -€17,243 | -40.8% |
| Trade debts | 44 | €22,065 | €0 | -€22,065 | -100.0% |
| Suppliers | 440/4 | €22,065 | €0 | -€22,065 | -100.0% |
| Taxes, remuneration and social security | 45 | €33,806 | €38,581 | +€4,775 | +14.1% |
| Taxes | 450/3 | €9,673 | €8,074 | -€1,599 | -16.5% |
| Remuneration and social security | 454/9 | €24,132 | €30,506 | +€6,374 | +26.4% |
| Other amounts payable | 47/48 | €0 | €3,757 | +€3,757 | |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Non-recurring operating income | 76A | €472,319 | €10,925 | -€461,394 | -97.7% |
| Remuneration, social security and pensions | 62 | €195,339 | €204,769 | +€9,430 | +4.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €112,169 | €99,978 | -€12,191 | -10.9% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €15,658 | €0 | -€15,658 | -100.0% |
| Other operating charges | 640/8 | €27,719 | €4,057 | -€23,663 | -85.4% |
| Non-recurring operating charges | 66A | €0 | €59 | +€59 | |
| Gross operating margin | 9900 | €440,639 | €2,677 | -€437,962 | -99.4% |
| Operating profit (loss) | 9901 | €89,754 | -€306,185 | -€395,939 | |
| Financial income | 75/76B | €15,787 | €11,429 | -€4,358 | -27.6% |
| Recurring financial income | 75 | €15,787 | €11,429 | -€4,358 | -27.6% |
| Financial charges | 65/66B | €4,443 | €2,442 | -€2,002 | -45.0% |
| Recurring financial charges | 65 | €4,443 | €2,442 | -€2,002 | -45.0% |
| Non-recurring financial charges | 66B | €0 | - | = | |
| Profit (loss) for the period before taxes | 9903 | €101,097 | -€297,198 | -€398,295 | |
| Income taxes | 67/77 | €493 | €820 | +€327 | +66.4% |
| Profit (loss) for the period | 9904 | €100,604 | -€298,018 | -€398,623 | |
| Profit (loss) for the period to be appropriated | 9905 | €100,604 | -€298,018 | -€398,623 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 2 October 2026 via checked.be.