SNOR: 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.
SNOR
Largest movements
- Current investments +€366,170
up €366,170 (+92.9%), from €393,980 to €760,150
- Receivables within one year -€103,934
down €103,934 (-92.0%), from €112,953 to €9,019
of which Trade receivables: -€62,953
- Cash -€82,021
down €82,021 (-42.6%), from €192,484 to €110,463
mainly Current investments (-€366,170) and Contributions, distributions and other (-€255,117)
- Receivables after one year -€42,265
down €42,265 (-100%), from €42,265 to €0
- Tangible fixed assets -€24,407
down €24,407 (-73.0%), from €33,442 to €9,035
of which Land and buildings: -€20,778
- Other debts +€217,664
up €217,664 (+581%), from €37,454 to €255,117
- Reserves -€88,435
down €88,435 (-13.8%), from €642,613 to €554,178
of which Distributable reserves: -€88,435
- Tax, wage and social debts -€22,443
down €22,443 (-31.2%), from €71,961 to €49,517
of which Taxes: -€22,813
- Accrued charges and deferred income +€13,926
up €13,926 (+2,856%), from €488 to €14,414
- Gross operating margin -€105,405
down €105,405 (-42.1%), from €250,348 to €144,943
- Financial income +€57,643
up €57,643 (+67.9%), from €84,933 to €142,576
- Taxes -€29,962
down €29,962 (-45.0%), from €66,611 to €36,648
- Depreciation +€3,375
up €3,375 (+13.5%), from €25,033 to €28,408
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 | €788,569 | €902,911 | +€114,343 | +14.5% |
| Fixed assets | 21/28 | €43,692 | €19,285 | -€24,407 | -55.9% |
| Tangible fixed assets | 22/27 | €33,442 | €9,035 | -€24,407 | -73.0% |
| Land and buildings | 22 | €23,908 | €3,130 | -€20,778 | -86.9% |
| Furniture and vehicles | 24 | €9,534 | €5,905 | -€3,629 | -38.1% |
| Financial fixed assets | 28 | €10,250 | €10,250 | = | 0.0% |
| Current assets | 29/58 | €744,877 | €883,627 | +€138,750 | +18.6% |
| Amounts receivable after more than one year | 29 | €42,265 | €0 | -€42,265 | -100% |
| Other amounts receivable | 291 | €42,265 | €0 | -€42,265 | -100% |
| Amounts receivable within one year | 40/41 | €112,953 | €9,019 | -€103,934 | -92.0% |
| Trade receivables | 40 | €62,953 | €0 | -€62,953 | -100% |
| Other amounts receivable | 41 | €50,000 | €9,019 | -€40,981 | -82.0% |
| Current investments | 50/53 | €393,980 | €760,150 | +€366,170 | +92.9% |
| Cash at bank and in hand | 54/58 | €192,484 | €110,463 | -€82,021 | -42.6% |
| Deferred charges and accrued income | 490/1 | €3,195 | €3,995 | +€800 | +25.0% |
| Total equity and liabilities | 10/49 | €788,569 | €902,911 | +€114,343 | +14.5% |
| Equity | 10/15 | €655,013 | €566,578 | -€88,435 | -13.5% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €642,613 | €554,178 | -€88,435 | -13.8% |
| Tax-exempt reserves | 132 | €16,744 | €16,744 | = | 0.0% |
| Distributable reserves | 133 | €625,869 | €537,434 | -€88,435 | -14.1% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €133,556 | €336,334 | +€202,778 | +152% |
| Amounts payable within one year | 42/48 | €133,068 | €321,920 | +€188,852 | +142% |
| Trade debts | 44 | €23,654 | €17,285 | -€6,369 | -26.9% |
| Suppliers | 440/4 | €23,654 | €17,285 | -€6,369 | -26.9% |
| Taxes, remuneration and social security | 45 | €71,961 | €49,517 | -€22,443 | -31.2% |
| Taxes | 450/3 | €65,058 | €42,245 | -€22,813 | -35.1% |
| Remuneration and social security | 454/9 | €6,903 | €7,272 | +€370 | +5.4% |
| Other amounts payable | 47/48 | €37,454 | €255,117 | +€217,664 | +581% |
| Accrued charges and deferred income | 492/3 | €488 | €14,414 | +€13,926 | +2,856% |
| Remuneration, social security and pensions | 62 | €47,433 | €49,055 | +€1,622 | +3.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €25,033 | €28,408 | +€3,375 | +13.5% |
| Other operating charges | 640/8 | €1,537 | €1,441 | -€96 | -6.2% |
| Gross operating margin | 9900 | €250,348 | €144,943 | -€105,405 | -42.1% |
| Operating profit (loss) | 9901 | €176,345 | €66,040 | -€110,306 | -62.6% |
| Financial income | 75/76B | €84,933 | €142,576 | +€57,643 | +67.9% |
| Recurring financial income | 75 | €84,933 | €142,576 | +€57,643 | +67.9% |
| Financial charges | 65/66B | €4,136 | €5,285 | +€1,149 | +27.8% |
| Recurring financial charges | 65 | €4,136 | €5,285 | +€1,149 | +27.8% |
| Profit (loss) for the period before taxes | 9903 | €257,142 | €203,330 | -€53,812 | -20.9% |
| Income taxes | 67/77 | €66,611 | €36,648 | -€29,962 | -45.0% |
| Profit (loss) for the period | 9904 | €190,532 | €166,682 | -€23,849 | -12.5% |
| Profit (loss) for the period to be appropriated | 9905 | €190,532 | €166,682 | -€23,849 | -12.5% |
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 28 October 2026 via checked.be.