SNO: 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.
SNO
Largest movements
- Receivables within one year -€6,801
down €6,801 (-66.8%), from €10,178 to €3,377
of which Other amounts receivable: -€3,984
- Tangible fixed assets -€5,039
down €5,039 (-40.6%), from €12,410 to €7,371
of which Plant, machinery and equipment: -€3,872
- Cash -€775
down €775 (-89.8%), from €863 to €88
mainly Net result for the year (-€8,413) and Trade debts (-€3,525)
- Financial fixed assets -€316
no longer reported in 2025 (was €316)
- Profit (loss) carried forward -€8,413
down €8,413 (-15.4%), from -€54,660 to -€63,073
- Trade debts -€3,525
down €3,525 (-40.9%), from €8,625 to €5,101
- Other debts -€993
down €993 (-2.0%), from €49,800 to €48,807
- Gross operating margin -€38,503
down €38,503, from €35,887 to -€2,617
- Staff costs -€31,635
down €31,635 (-99.7%), from €31,728 to €93
- Financial charges -€1,225
down €1,225 (-88.2%), from €1,390 to €165
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 | €23,766 | €10,835 | -€12,931 | -54.4% |
| Fixed assets | 21/28 | €12,726 | €7,371 | -€5,355 | -42.1% |
| Tangible fixed assets | 22/27 | €12,410 | €7,371 | -€5,039 | -40.6% |
| Plant, machinery and equipment | 23 | €9,590 | €5,718 | -€3,872 | -40.4% |
| Furniture and vehicles | 24 | €2,820 | €1,653 | -€1,167 | -41.4% |
| Financial fixed assets | 28 | €316 | - | -€316 | |
| Current assets | 29/58 | €11,041 | €3,465 | -€7,576 | -68.6% |
| Amounts receivable within one year | 40/41 | €10,178 | €3,377 | -€6,801 | -66.8% |
| Trade receivables | 40 | €5,641 | €2,824 | -€2,817 | -49.9% |
| Other amounts receivable | 41 | €4,537 | €553 | -€3,984 | -87.8% |
| Cash at bank and in hand | 54/58 | €863 | €88 | -€775 | -89.8% |
| Total equity and liabilities | 10/49 | €23,766 | €10,835 | -€12,931 | -54.4% |
| Equity | 10/15 | -€34,660 | -€43,073 | -€8,413 | -24.3% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€54,660 | -€63,073 | -€8,413 | -15.4% |
| Amounts payable | 17/49 | €58,426 | €53,908 | -€4,518 | -7.7% |
| Amounts payable within one year | 42/48 | €58,426 | €53,908 | -€4,518 | -7.7% |
| Trade debts | 44 | €8,625 | €5,101 | -€3,525 | -40.9% |
| Suppliers | 440/4 | €8,625 | €5,101 | -€3,525 | -40.9% |
| Other amounts payable | 47/48 | €49,800 | €48,807 | -€993 | -2.0% |
| Remuneration, social security and pensions | 62 | €31,728 | €93 | -€31,635 | -99.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,039 | €5,039 | = | 0.0% |
| Other operating charges | 640/8 | €387 | €500 | +€113 | +29.1% |
| Gross operating margin | 9900 | €35,887 | -€2,617 | -€38,503 | |
| Operating profit (loss) | 9901 | -€1,268 | -€8,249 | -€6,981 | -550.6% |
| Financial charges | 65/66B | €1,390 | €165 | -€1,225 | -88.2% |
| Recurring financial charges | 65 | €1,390 | €165 | -€1,225 | -88.2% |
| Profit (loss) for the period before taxes | 9903 | -€2,658 | -€8,413 | -€5,756 | -216.6% |
| Profit (loss) for the period | 9904 | -€2,658 | -€8,413 | -€5,756 | -216.6% |
| Profit (loss) for the period to be appropriated | 9905 | -€2,658 | -€8,413 | -€5,756 | -216.6% |
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 30 September 2026 via checked.be.