SNZ: 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.
SNZ
Largest movements
- Cash +€26,558
up €26,558 (+1599892.8%), from €2 to €26,560
mainly Net result for the year (+€22,336) and Tax, wage and social debts (+€13,613)
- Financial fixed assets +€14,000
new in 2024: €14,000
- Receivables within one year -€6,710
down €6,710 (-50.8%), from €13,217 to €6,507
of which Trade receivables: -€6,724
- Tangible fixed assets +€2,505
up €2,505 (+15.2%), from €16,452 to €18,958
- Profit (loss) carried forward +€22,336
up €22,336 (+363.1%), from €6,152 to €28,488
- Tax, wage and social debts +€13,613
up €13,613 (+322.1%), from €4,226 to €17,839
of which Taxes: +€10,491
- Other debts +€8,903
up €8,903 (+153.7%), from €5,794 to €14,697
- Trade debts -€8,499
no longer reported in 2024 (was €8,499)
- Turnover +€87,795
up €87,795 (+261.5%), from €33,572 to €121,368
- Gross operating margin +€45,789
up €45,789 (+334.3%), from €13,699 to €59,488
- Purchases and services +€42,006
up €42,006 (+211.4%), from €19,874 to €61,880
- Staff costs +€22,629
new in 2024: €22,629
- Depreciation +€6,323
up €6,323 (+539.9%), from €1,171 to €7,495
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 | €29,671 | €66,025 | +€36,353 | +122.5% |
| Fixed assets | 21/28 | €16,452 | €32,958 | +€16,505 | +100.3% |
| Tangible fixed assets | 22/27 | €16,452 | €18,958 | +€2,505 | +15.2% |
| Furniture and vehicles | 24 | €16,452 | €18,958 | +€2,505 | +15.2% |
| Financial fixed assets | 28 | - | €14,000 | +€14,000 | |
| Current assets | 29/58 | €13,219 | €33,067 | +€19,848 | +150.1% |
| Amounts receivable within one year | 40/41 | €13,217 | €6,507 | -€6,710 | -50.8% |
| Trade receivables | 40 | €13,217 | €6,493 | -€6,724 | -50.9% |
| Other amounts receivable | 41 | - | €14 | +€14 | |
| Cash at bank and in hand | 54/58 | €2 | €26,560 | +€26,558 | +1599892.8% |
| Total equity and liabilities | 10/49 | €29,671 | €66,025 | +€36,353 | +122.5% |
| Equity | 10/15 | €11,152 | €33,488 | +€22,336 | +200.3% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €6,152 | €28,488 | +€22,336 | +363.1% |
| Amounts payable | 17/49 | €18,519 | €32,536 | +€14,017 | +75.7% |
| Amounts payable within one year | 42/48 | €18,519 | €32,536 | +€14,017 | +75.7% |
| Trade debts | 44 | €8,499 | - | -€8,499 | |
| Suppliers | 440/4 | €8,499 | - | -€8,499 | |
| Taxes, remuneration and social security | 45 | €4,226 | €17,839 | +€13,613 | +322.1% |
| Taxes | 450/3 | €4,226 | €14,717 | +€10,491 | +248.2% |
| Remuneration and social security | 454/9 | - | €3,122 | +€3,122 | |
| Other amounts payable | 47/48 | €5,794 | €14,697 | +€8,903 | +153.7% |
| Turnover | 70 | €33,572 | €121,368 | +€87,795 | +261.5% |
| Goods, raw materials, services and sundry goods | 60/61 | €19,874 | €61,880 | +€42,006 | +211.4% |
| Remuneration, social security and pensions | 62 | - | €22,629 | +€22,629 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,171 | €7,495 | +€6,323 | +539.9% |
| Other operating charges | 640/8 | - | €1,026 | +€1,026 | |
| Gross operating margin | 9900 | €13,699 | €59,488 | +€45,789 | +334.3% |
| Operating profit (loss) | 9901 | €12,527 | €28,338 | +€15,810 | +126.2% |
| Financial charges | 65/66B | €119 | €247 | +€128 | +107.1% |
| Recurring financial charges | 65 | €119 | €247 | +€128 | +107.1% |
| Profit (loss) for the period before taxes | 9903 | €12,408 | €28,091 | +€15,683 | +126.4% |
| Income taxes | 67/77 | €1,538 | €5,755 | +€4,216 | +274.1% |
| Profit (loss) for the period | 9904 | €10,870 | €22,336 | +€11,466 | +105.5% |
| Profit (loss) for the period to be appropriated | 9905 | €10,870 | €22,336 | +€11,466 | +105.5% |
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 30 September 2026 via checked.be.