SNL MANAGEMENT: 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 MANAGEMENT
Largest movements
- Receivables within one year -€7,688
down €7,688 (-57.3%), from €13,406 to €5,718
of which Trade receivables: -€7,742
- Cash +€833
up €833 (+40.3%), from €2,067 to €2,900
mainly Receivables within one year (+€7,688)
- Deferred charges and accrued income +€289
new in 2025: €289
- Reserves -€2,607
no longer reported in 2025 (was €2,607)
- Trade debts -€2,128
down €2,128 (-65.8%), from €3,236 to €1,107
- Profit (loss) carried forward -€1,661
new in 2025: -€1,661
- Tax, wage and social debts -€170
down €170 (-2.0%), from €8,631 to €8,461
of which Taxes: -€1,084
- Gross operating margin -€13,916
down €13,916, from €10,623 to -€3,293
- Taxes -€2,895
down €2,895 (-95.6%), from €3,027 to €132
- Financial charges -€1,922
down €1,922 (-69.0%), from €2,786 to €864
- Other operating charges -€477
down €477 (-63.0%), from €757 to €280
- Financial income +€115
up €115 (+61.4%), from €187 to €301
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 | €15,473 | €8,907 | -€6,566 | -42.4% |
| Current assets | 29/58 | €15,473 | €8,907 | -€6,566 | -42.4% |
| Amounts receivable within one year | 40/41 | €13,406 | €5,718 | -€7,688 | -57.3% |
| Trade receivables | 40 | €7,742 | - | -€7,742 | |
| Other amounts receivable | 41 | €5,663 | €5,718 | +€55 | +1.0% |
| Cash at bank and in hand | 54/58 | €2,067 | €2,900 | +€833 | +40.3% |
| Deferred charges and accrued income | 490/1 | - | €289 | +€289 | |
| Total equity and liabilities | 10/49 | €15,473 | €8,907 | -€6,566 | -42.4% |
| Equity | 10/15 | €3,607 | -€661 | -€4,268 | |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €2,607 | - | -€2,607 | |
| Distributable reserves | 133 | €2,607 | - | -€2,607 | |
| Profit (loss) carried forward | 14 | - | -€1,661 | -€1,661 | |
| Amounts payable | 17/49 | €11,867 | €9,569 | -€2,298 | -19.4% |
| Amounts payable within one year | 42/48 | €11,867 | €9,569 | -€2,298 | -19.4% |
| Trade debts | 44 | €3,236 | €1,107 | -€2,128 | -65.8% |
| Suppliers | 440/4 | €3,236 | €1,107 | -€2,128 | -65.8% |
| Taxes, remuneration and social security | 45 | €8,631 | €8,461 | -€170 | -2.0% |
| Taxes | 450/3 | €5,914 | €4,830 | -€1,084 | -18.3% |
| Remuneration and social security | 454/9 | €2,716 | €3,631 | +€915 | +33.7% |
| Other operating charges | 640/8 | €757 | €280 | -€477 | -63.0% |
| Gross operating margin | 9900 | €10,623 | -€3,293 | -€13,916 | |
| Operating profit (loss) | 9901 | €9,866 | -€3,574 | -€13,439 | |
| Financial income | 75/76B | €187 | €301 | +€115 | +61.4% |
| Recurring financial income | 75 | €187 | €301 | +€115 | +61.4% |
| Financial charges | 65/66B | €2,786 | €864 | -€1,922 | -69.0% |
| Recurring financial charges | 65 | €2,786 | €864 | -€1,922 | -69.0% |
| Profit (loss) for the period before taxes | 9903 | €7,266 | -€4,136 | -€11,402 | |
| Income taxes | 67/77 | €3,027 | €132 | -€2,895 | -95.6% |
| Profit (loss) for the period | 9904 | €4,240 | -€4,268 | -€8,508 | |
| Profit (loss) for the period to be appropriated | 9905 | €4,240 | -€4,268 | -€8,508 |
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 8 October 2026 via checked.be.