SNS Project: 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.
SNS Project
Largest movements
- Cash -€36,626
down €36,626 (-45.0%), from €81,326 to €44,701
mainly Receivables within one year (-€29,850) and Tax, wage and social debts (-€11,949)
- Receivables within one year +€29,850
up €29,850 (+46.7%), from €63,921 to €93,770
of which Other amounts receivable: +€28,245
- Tangible fixed assets -€10,124
down €10,124 (-27.9%), from €36,289 to €26,165
- Tax, wage and social debts -€11,949
down €11,949 (-52.3%), from €22,834 to €10,885
of which Taxes: -€9,560
- Debts after one year -€11,684
down €11,684 (-36.0%), from €32,479 to €20,796
- Trade debts +€5,242
up €5,242 (+94.8%), from €5,531 to €10,774
- Gross operating margin -€52,723
down €52,723 (-51.6%), from €102,214 to €49,492
- Staff costs -€10,804
down €10,804 (-24.7%), from €43,696 to €32,892
- Taxes -€9,401
down €9,401 (-92.7%), from €10,143 to €742
- Depreciation +€6,290
up €6,290 (+164.1%), from €3,834 to €10,124
- Financial income +€1,511
up €1,511 (+55.3%), from €2,733 to €4,244
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €181,536 | €164,636 | -€16,900 | -9.3% |
| Fixed assets | 21/28 | €36,289 | €26,165 | -€10,124 | -27.9% |
| Tangible fixed assets | 22/27 | €36,289 | €26,165 | -€10,124 | -27.9% |
| Furniture and vehicles | 24 | €36,289 | €26,165 | -€10,124 | -27.9% |
| Current assets | 29/58 | €145,247 | €138,471 | -€6,776 | -4.7% |
| Amounts receivable within one year | 40/41 | €63,921 | €93,770 | +€29,850 | +46.7% |
| Trade receivables | 40 | €6,003 | €7,608 | +€1,605 | +26.7% |
| Other amounts receivable | 41 | €57,917 | €86,162 | +€28,245 | +48.8% |
| Cash at bank and in hand | 54/58 | €81,326 | €44,701 | -€36,626 | -45.0% |
| Total equity and liabilities | 10/49 | €181,536 | €164,636 | -€16,900 | -9.3% |
| Equity | 10/15 | €109,568 | €110,498 | +€930 | +0.8% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €107,568 | €108,498 | +€930 | +0.9% |
| Distributable reserves | 133 | €107,568 | €108,498 | +€930 | +0.9% |
| Amounts payable | 17/49 | €71,967 | €54,138 | -€17,830 | -24.8% |
| Amounts payable after more than one year | 17 | €32,479 | €20,796 | -€11,684 | -36.0% |
| Financial debts | 170/4 | €32,479 | €20,796 | -€11,684 | -36.0% |
| Amounts payable within one year | 42/48 | €39,488 | €33,342 | -€6,146 | -15.6% |
| Current portion of amounts payable after more than one year | 42 | €11,123 | €11,684 | +€561 | +5.0% |
| Trade debts | 44 | €5,531 | €10,774 | +€5,242 | +94.8% |
| Suppliers | 440/4 | €5,531 | €10,774 | +€5,242 | +94.8% |
| Taxes, remuneration and social security | 45 | €22,834 | €10,885 | -€11,949 | -52.3% |
| Taxes | 450/3 | €20,445 | €10,885 | -€9,560 | -46.8% |
| Remuneration and social security | 454/9 | €2,389 | - | -€2,389 | |
| Remuneration, social security and pensions | 62 | €43,696 | €32,892 | -€10,804 | -24.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,834 | €10,124 | +€6,290 | +164.1% |
| Other operating charges | 640/8 | €1,865 | €1,933 | +€68 | +3.7% |
| Gross operating margin | 9900 | €102,214 | €49,492 | -€52,723 | -51.6% |
| Operating profit (loss) | 9901 | €52,820 | €4,542 | -€48,277 | -91.4% |
| Financial income | 75/76B | €2,733 | €4,244 | +€1,511 | +55.3% |
| Recurring financial income | 75 | €2,733 | €4,244 | +€1,511 | +55.3% |
| Financial charges | 65/66B | €6,892 | €7,115 | +€224 | +3.2% |
| Recurring financial charges | 65 | €6,892 | €7,115 | +€224 | +3.2% |
| Profit (loss) for the period before taxes | 9903 | €48,661 | €1,671 | -€46,989 | -96.6% |
| Income taxes | 67/77 | €10,143 | €742 | -€9,401 | -92.7% |
| Profit (loss) for the period | 9904 | €38,518 | €930 | -€37,588 | -97.6% |
| Profit (loss) for the period to be appropriated | 9905 | €38,518 | €930 | -€37,588 | -97.6% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.