SNORDIN: 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.
SNORDIN
Largest movements
- Cash +€104,309
up €104,309 (+12.8%), from €811,895 to €916,204
mainly Other debts (+€611,960) and Net result for the year (+€541,903)
- Receivables within one year +€34,445
up €34,445 (+31.1%), from €110,843 to €145,288
of which Other amounts receivable: +€37,482
- Other debts +€611,960
up €611,960 (+235%), from €260,630 to €872,590
- Profit (loss) carried forward -€475,050
no longer reported in 2025 (was €475,050)
- Gross operating margin +€80,210
up €80,210 (+11.0%), from €729,266 to €809,476
- Taxes +€24,569
up €24,569 (+12.7%), from €194,081 to €218,650
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 | €923,922 | €1,063,446 | +€139,524 | +15.1% |
| Current assets | 29/58 | €923,922 | €1,063,446 | +€139,524 | +15.1% |
| Amounts receivable within one year | 40/41 | €110,843 | €145,288 | +€34,445 | +31.1% |
| Trade receivables | 40 | €88,668 | €85,631 | -€3,037 | -3.4% |
| Other amounts receivable | 41 | €22,175 | €59,657 | +€37,482 | +169% |
| Cash at bank and in hand | 54/58 | €811,895 | €916,204 | +€104,309 | +12.8% |
| Deferred charges and accrued income | 490/1 | €1,184 | €1,954 | +€769 | +65.0% |
| Total equity and liabilities | 10/49 | €923,922 | €1,063,446 | +€139,524 | +15.1% |
| Equity | 10/15 | €480,050 | €5,000 | -€475,050 | -99.0% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €475,050 | - | -€475,050 | |
| Amounts payable | 17/49 | €443,872 | €1,058,446 | +€614,574 | +138% |
| Amounts payable within one year | 42/48 | €443,872 | €1,058,446 | +€614,574 | +138% |
| Trade debts | 44 | €1,597 | €5,345 | +€3,748 | +235% |
| Suppliers | 440/4 | €1,597 | €5,345 | +€3,748 | +235% |
| Taxes, remuneration and social security | 45 | €181,645 | €180,511 | -€1,135 | -0.6% |
| Taxes | 450/3 | €181,645 | €174,214 | -€7,432 | -4.1% |
| Remuneration and social security | 454/9 | - | €6,297 | +€6,297 | |
| Other amounts payable | 47/48 | €260,630 | €872,590 | +€611,960 | +235% |
| Remuneration, social security and pensions | 62 | €44,214 | €46,496 | +€2,282 | +5.2% |
| Other operating charges | 640/8 | €682 | €701 | +€18 | +2.7% |
| Gross operating margin | 9900 | €729,266 | €809,476 | +€80,210 | +11.0% |
| Operating profit (loss) | 9901 | €684,369 | €762,280 | +€77,911 | +11.4% |
| Financial income | 75/76B | €1,339 | €415 | -€924 | -69.0% |
| Recurring financial income | 75 | €1,339 | €415 | -€924 | -69.0% |
| Financial charges | 65/66B | €3,456 | €2,142 | -€1,314 | -38.0% |
| Recurring financial charges | 65 | €3,456 | €2,142 | -€1,314 | -38.0% |
| Profit (loss) for the period before taxes | 9903 | €682,252 | €760,553 | +€78,301 | +11.5% |
| Income taxes | 67/77 | €194,081 | €218,650 | +€24,569 | +12.7% |
| Profit (loss) for the period | 9904 | €488,171 | €541,903 | +€53,731 | +11.0% |
| Profit (loss) for the period to be appropriated | 9905 | €488,171 | €541,903 | +€53,731 | +11.0% |
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 19 October 2026 via checked.be.