SNR: 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.
SNR
Largest movements
- Financial fixed assets +€125,000
up €125,000 (+109.6%), from €114,000 to €239,000
- Cash +€6,710
up €6,710 (+282.0%), from €2,379 to €9,089
mainly Debts after one year (+€94,648) and Current portion of long-term debt (+€24,033)
- Debts after one year +€94,648
new in 2025: €94,648
- Current portion of long-term debt +€24,033
new in 2025: €24,033
- Profit (loss) carried forward +€3,974
up €3,974 (+3071.9%), from €129 to €4,104
- Other debts +€3,546
up €3,546 (+1.7%), from €204,320 to €207,866
- Gross operating margin +€11,148
up €11,148 (+730.9%), from €1,525 to €12,673
- Taxes +€2,142
up €2,142 (+810.2%), from €264 to €2,406
- Financial charges +€855
up €855 (+34.3%), from €2,488 to €3,342
- Depreciation +€221
up €221 (+63.6%), from €348 to €569
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 | €218,030 | €348,952 | +€130,922 | +60.0% |
| Fixed assets | 21/28 | €114,651 | €239,863 | +€125,212 | +109.2% |
| Tangible fixed assets | 22/27 | €651 | €863 | +€212 | +32.6% |
| Furniture and vehicles | 24 | €651 | €863 | +€212 | +32.6% |
| Financial fixed assets | 28 | €114,000 | €239,000 | +€125,000 | +109.6% |
| Current assets | 29/58 | €103,379 | €109,089 | +€5,710 | +5.5% |
| Amounts receivable within one year | 40/41 | €101,000 | €100,000 | -€1,000 | -1.0% |
| Trade receivables | 40 | €1,000 | - | -€1,000 | |
| Other amounts receivable | 41 | €100,000 | €100,000 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €2,379 | €9,089 | +€6,710 | +282.0% |
| Total equity and liabilities | 10/49 | €218,030 | €348,952 | +€130,922 | +60.0% |
| Equity | 10/15 | €5,129 | €9,104 | +€3,974 | +77.5% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €129 | €4,104 | +€3,974 | +3071.9% |
| Amounts payable | 17/49 | €212,901 | €339,848 | +€126,948 | +59.6% |
| Amounts payable after more than one year | 17 | - | €94,648 | +€94,648 | |
| Financial debts | 170/4 | - | €94,648 | +€94,648 | |
| Amounts payable within one year | 42/48 | €212,901 | €245,201 | +€32,300 | +15.2% |
| Current portion of amounts payable after more than one year | 42 | - | €24,033 | +€24,033 | |
| Trade debts | 44 | €590 | €1,981 | +€1,391 | +235.8% |
| Suppliers | 440/4 | €590 | €1,981 | +€1,391 | +235.8% |
| Taxes, remuneration and social security | 45 | €7,991 | €11,322 | +€3,330 | +41.7% |
| Taxes | 450/3 | €7,991 | €11,322 | +€3,330 | +41.7% |
| Other amounts payable | 47/48 | €204,320 | €207,866 | +€3,546 | +1.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €348 | €569 | +€221 | +63.6% |
| Other operating charges | 640/8 | €623 | €715 | +€91 | +14.6% |
| Gross operating margin | 9900 | €1,525 | €12,673 | +€11,148 | +730.9% |
| Operating profit (loss) | 9901 | €554 | €11,389 | +€10,835 | +1956.3% |
| Financial charges | 65/66B | €2,488 | €3,342 | +€855 | +34.3% |
| Recurring financial charges | 65 | €2,488 | €3,342 | +€855 | +34.3% |
| Profit (loss) for the period before taxes | 9903 | -€1,934 | €8,047 | +€9,981 | |
| Income taxes | 67/77 | €264 | €2,406 | +€2,142 | +810.2% |
| Profit (loss) for the period | 9904 | -€2,198 | €5,640 | +€7,839 | |
| Profit (loss) for the period to be appropriated | 9905 | -€2,198 | €5,640 | +€7,839 |
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 7 October 2026 via checked.be.