SNL: 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.
SNL
Largest movements
- Cash -€35,871
down €35,871 (-77.4%), from €46,368 to €10,498
mainly Investment in fixed assets (net) (-€45,617) and Receivables within one year (-€9,496)
- Tangible fixed assets +€21,314
up €21,314 (+38.4%), from €55,532 to €76,846
of which Furniture and vehicles: +€23,274
- Receivables within one year +€9,496
up €9,496 (+104.6%), from €9,081 to €18,576
of which Trade receivables: +€9,496
- Deferred charges and accrued income +€2,247
up €2,247 (+217.7%), from €1,032 to €3,279
- Tax, wage and social debts +€5,520
up €5,520 (+226.1%), from €2,442 to €7,962
of which Remuneration and social security: +€4,926
- Profit (loss) carried forward -€5,375
down €5,375 (-72.6%), from -€7,400 to -€12,776
- Trade debts -€4,585
down €4,585 (-36.6%), from €12,539 to €7,954
- Accrued charges and deferred income +€2,935
up €2,935 (+49.5%), from €5,924 to €8,858
- Other debts -€1,308
down €1,308 (-1.6%), from €79,909 to €78,600
- Staff costs +€37,230
new in 2025: €37,230
- Gross operating margin +€17,056
up €17,056 (+32.1%), from €53,194 to €70,250
- Depreciation +€8,491
up €8,491 (+53.7%), from €15,812 to €24,302
- Other operating charges +€4,501
up €4,501 (+55.5%), from €8,109 to €12,609
- Financial charges -€1,978
down €1,978 (-57.1%), from €3,461 to €1,484
of which Financial charges: -€1,178
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 | €112,013 | €109,199 | -€2,814 | -2.5% |
| Fixed assets | 21/28 | €55,532 | €76,846 | +€21,314 | +38.4% |
| Tangible fixed assets | 22/27 | €55,532 | €76,846 | +€21,314 | +38.4% |
| Plant, machinery and equipment | 23 | €2,369 | €409 | -€1,959 | -82.7% |
| Furniture and vehicles | 24 | €53,163 | €76,437 | +€23,274 | +43.8% |
| Current assets | 29/58 | €56,481 | €32,353 | -€24,128 | -42.7% |
| Amounts receivable within one year | 40/41 | €9,081 | €18,576 | +€9,496 | +104.6% |
| Trade receivables | 40 | €7,781 | €17,276 | +€9,496 | +122.0% |
| Other amounts receivable | 41 | €1,300 | €1,300 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €46,368 | €10,498 | -€35,871 | -77.4% |
| Deferred charges and accrued income | 490/1 | €1,032 | €3,279 | +€2,247 | +217.7% |
| Total equity and liabilities | 10/49 | €112,013 | €109,199 | -€2,814 | -2.5% |
| Equity | 10/15 | €11,200 | €5,824 | -€5,375 | -48.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€7,400 | -€12,776 | -€5,375 | -72.6% |
| Amounts payable | 17/49 | €100,813 | €103,374 | +€2,561 | +2.5% |
| Amounts payable within one year | 42/48 | €94,890 | €94,516 | -€374 | -0.4% |
| Trade debts | 44 | €12,539 | €7,954 | -€4,585 | -36.6% |
| Suppliers | 440/4 | €12,539 | €7,954 | -€4,585 | -36.6% |
| Taxes, remuneration and social security | 45 | €2,442 | €7,962 | +€5,520 | +226.1% |
| Taxes | 450/3 | €2,442 | €3,036 | +€594 | +24.3% |
| Remuneration and social security | 454/9 | - | €4,926 | +€4,926 | |
| Other amounts payable | 47/48 | €79,909 | €78,600 | -€1,308 | -1.6% |
| Accrued charges and deferred income | 492/3 | €5,924 | €8,858 | +€2,935 | +49.5% |
| Remuneration, social security and pensions | 62 | - | €37,230 | +€37,230 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,812 | €24,302 | +€8,491 | +53.7% |
| Other operating charges | 640/8 | €8,109 | €12,609 | +€4,501 | +55.5% |
| Gross operating margin | 9900 | €53,194 | €70,250 | +€17,056 | +32.1% |
| Operating profit (loss) | 9901 | €29,274 | -€3,892 | -€33,166 | |
| Financial charges | 65/66B | €3,461 | €1,484 | -€1,978 | -57.1% |
| Recurring financial charges | 65 | €2,661 | €1,484 | -€1,178 | -44.3% |
| Non-recurring financial charges | 66B | €800 | - | -€800 | |
| Profit (loss) for the period before taxes | 9903 | €25,813 | -€5,375 | -€31,188 | |
| Profit (loss) for the period | 9904 | €25,813 | -€5,375 | -€31,188 | |
| Profit (loss) for the period to be appropriated | 9905 | €25,813 | -€5,375 | -€31,188 |
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 3 October 2026 via checked.be.