SNKM: 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.
SNKM
Largest movements
- Cash +€123,286
up €123,286 (+1,488%), from €8,286 to €131,573
mainly Debts after one year (+€597,966) and Net result for the year (+€106,522)
- Tangible fixed assets +€86,443
up €86,443 (+8.1%), from €1.1m to €1.1m
- Debts after one year +€597,966
up €597,966 (+203%), from €295,152 to €893,117
- Other debts -€358,348
down €358,348 (-98.1%), from €365,310 to €6,962
- Trade debts -€174,920
down €174,920 (-85.2%), from €205,326 to €30,406
- Reserves +€106,500
up €106,500 (+82.9%), from €128,452 to €234,952
- Current portion of long-term debt +€22,506
up €22,506 (+70.2%), from €32,069 to €54,576
- Gross operating margin +€42,137
up €42,137 (+23.9%), from €176,359 to €218,496
- Depreciation +€22,004
up €22,004 (+97.2%), from €22,644 to €44,648
- Financial charges +€12,171
up €12,171 (+106%), from €11,432 to €23,603
- Taxes +€8,504
up €8,504 (+27.3%), from €31,140 to €39,644
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 | €1,076,535 | €1,289,605 | +€213,070 | +19.8% |
| Fixed assets | 21/28 | €1,061,155 | €1,147,597 | +€86,443 | +8.1% |
| Tangible fixed assets | 22/27 | €1,061,155 | €1,147,597 | +€86,443 | +8.1% |
| Land and buildings | 22 | €1,061,155 | €1,147,597 | +€86,443 | +8.1% |
| Current assets | 29/58 | €15,381 | €142,008 | +€126,627 | +823% |
| Amounts receivable within one year | 40/41 | €7,094 | €10,435 | +€3,341 | +47.1% |
| Trade receivables | 40 | €7,094 | €10,435 | +€3,341 | +47.1% |
| Cash at bank and in hand | 54/58 | €8,286 | €131,573 | +€123,286 | +1,488% |
| Total equity and liabilities | 10/49 | €1,076,535 | €1,289,605 | +€213,070 | +19.8% |
| Equity | 10/15 | €129,575 | €236,096 | +€106,522 | +82.2% |
| Contributions | 10/11 | €1,100 | €1,100 | = | 0.0% |
| Reserves | 13 | €128,452 | €234,952 | +€106,500 | +82.9% |
| Distributable reserves | 133 | €128,452 | €234,952 | +€106,500 | +82.9% |
| Profit (loss) carried forward | 14 | €22 | €44 | +€22 | +96.5% |
| Amounts payable | 17/49 | €946,960 | €1,053,509 | +€106,549 | +11.3% |
| Amounts payable after more than one year | 17 | €295,152 | €893,117 | +€597,966 | +203% |
| Financial debts | 170/4 | €295,152 | €893,117 | +€597,966 | +203% |
| Amounts payable within one year | 42/48 | €645,378 | €152,023 | -€493,355 | -76.4% |
| Current portion of amounts payable after more than one year | 42 | €32,069 | €54,576 | +€22,506 | +70.2% |
| Financial debts | 43 | - | €3,218 | +€3,218 | |
| Credit institutions | 430/8 | - | €3,218 | +€3,218 | |
| Trade debts | 44 | €205,326 | €30,406 | -€174,920 | -85.2% |
| Suppliers | 440/4 | €205,326 | €30,406 | -€174,920 | -85.2% |
| Taxes, remuneration and social security | 45 | €42,672 | €56,862 | +€14,189 | +33.3% |
| Taxes | 450/3 | €42,672 | €53,986 | +€11,313 | +26.5% |
| Remuneration and social security | 454/9 | - | €2,876 | +€2,876 | |
| Other amounts payable | 47/48 | €365,310 | €6,962 | -€358,348 | -98.1% |
| Accrued charges and deferred income | 492/3 | €6,431 | €8,369 | +€1,938 | +30.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €22,644 | €44,648 | +€22,004 | +97.2% |
| Other operating charges | 640/8 | €3,725 | €4,223 | +€498 | +13.4% |
| Gross operating margin | 9900 | €176,359 | €218,496 | +€42,137 | +23.9% |
| Operating profit (loss) | 9901 | €149,990 | €169,625 | +€19,635 | +13.1% |
| Financial income | 75/76B | €144 | €144 | = | 0.0% |
| Recurring financial income | 75 | €144 | €144 | = | 0.0% |
| Financial charges | 65/66B | €11,432 | €23,603 | +€12,171 | +106% |
| Recurring financial charges | 65 | €11,432 | €23,603 | +€12,171 | +106% |
| Profit (loss) for the period before taxes | 9903 | €138,701 | €146,166 | +€7,464 | +5.4% |
| Income taxes | 67/77 | €31,140 | €39,644 | +€8,504 | +27.3% |
| Profit (loss) for the period | 9904 | €107,561 | €106,522 | -€1,040 | -1.0% |
| Profit (loss) for the period to be appropriated | 9905 | €107,561 | €106,522 | -€1,040 | -1.0% |
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 20 October 2026 via checked.be.