SNLL: 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.
SNLL
Largest movements
- Financial fixed assets +€1.8m
new in 2025: €1.8m
- Cash -€130,742
down €130,742 (-64.9%), from €201,381 to €70,639
mainly Investment in fixed assets (net) (-€1.8m) and Receivables within one year (-€41,256)
- Receivables within one year +€41,256
up €41,256 (+744.1%), from €5,544 to €46,800
of which Trade receivables: +€41,800
- Debts after one year +€1.2m
new in 2025: €1.2m
- Profit (loss) carried forward +€224,988
up €224,988 (+31662.6%), from €711 to €225,699
- Current portion of long-term debt +€207,329
new in 2025: €207,329
- Tax, wage and social debts +€109,253
up €109,253 (+47945.5%), from €228 to €109,481
- Gross operating margin +€338,669
up €338,669 (+35818.3%), from €946 to €339,615
- Taxes +€74,817
up €74,817 (+32833.1%), from €228 to €75,045
- Financial charges +€39,610
up €39,610 (+560247.5%), from €7 to €39,617
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 | €207,364 | €1,917,439 | +€1.7m | +824.7% |
| Fixed assets | 21/28 | - | €1,800,000 | +€1.8m | |
| Financial fixed assets | 28 | - | €1,800,000 | +€1.8m | |
| Current assets | 29/58 | €207,364 | €117,439 | -€89,926 | -43.4% |
| Amounts receivable within one year | 40/41 | €5,544 | €46,800 | +€41,256 | +744.1% |
| Trade receivables | 40 | €5,000 | €46,800 | +€41,800 | +836.0% |
| Other amounts receivable | 41 | €544 | - | -€544 | |
| Cash at bank and in hand | 54/58 | €201,381 | €70,639 | -€130,742 | -64.9% |
| Deferred charges and accrued income | 490/1 | €439 | - | -€439 | |
| Total equity and liabilities | 10/49 | €207,364 | €1,917,439 | +€1.7m | +824.7% |
| Equity | 10/15 | €20,711 | €245,699 | +€224,988 | +1086.3% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €711 | €225,699 | +€224,988 | +31662.6% |
| Amounts payable | 17/49 | €186,654 | €1,671,740 | +€1.5m | +795.6% |
| Amounts payable after more than one year | 17 | - | €1,174,530 | +€1.2m | |
| Financial debts | 170/4 | - | €1,174,530 | +€1.2m | |
| Amounts payable within one year | 42/48 | €186,654 | €497,210 | +€310,556 | +166.4% |
| Current portion of amounts payable after more than one year | 42 | - | €207,329 | +€207,329 | |
| Trade debts | 44 | €439 | €400 | -€40 | -9.0% |
| Suppliers | 440/4 | €439 | €400 | -€40 | -9.0% |
| Taxes, remuneration and social security | 45 | €228 | €109,481 | +€109,253 | +47945.5% |
| Taxes | 450/3 | €228 | €109,481 | +€109,253 | +47945.5% |
| Other amounts payable | 47/48 | €185,986 | €180,000 | -€5,986 | -3.2% |
| Other operating charges | 640/8 | - | €46 | +€46 | |
| Gross operating margin | 9900 | €946 | €339,615 | +€338,669 | +35818.3% |
| Operating profit (loss) | 9901 | €946 | €339,569 | +€338,623 | +35813.4% |
| Financial income | 75/76B | - | €81 | +€81 | |
| Recurring financial income | 75 | - | €81 | +€81 | |
| Financial charges | 65/66B | €7 | €39,617 | +€39,610 | +560247.5% |
| Recurring financial charges | 65 | €7 | €39,617 | +€39,610 | +560247.5% |
| Profit (loss) for the period before taxes | 9903 | €938 | €300,033 | +€299,095 | +31871.1% |
| Income taxes | 67/77 | €228 | €75,045 | +€74,817 | +32833.1% |
| Profit (loss) for the period | 9904 | €711 | €224,988 | +€224,278 | +31562.6% |
| Profit (loss) for the period to be appropriated | 9905 | €711 | €224,988 | +€224,278 | +31562.6% |
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.