Davy Sneppe: 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.
Davy Sneppe
Largest movements
- Receivables within one year +€94,095
up €94,095 (+69.5%), from €135,329 to €229,424
of which Trade receivables: +€112,118
- Stocks and contracts +€62,450
up €62,450 (+167%), from €37,480 to €99,930
- Cash +€42,501
up €42,501 (+250%), from €17,026 to €59,527
mainly Other debts (+€201,788) and Trade debts (+€77,124)
- Deferred charges and accrued income +€31,250
new in 2025: €31,250
- Tangible fixed assets +€21,298
up €21,298 (+7.6%), from €280,110 to €301,408
of which Furniture and vehicles: +€29,201
- Other debts +€201,788
up €201,788 (+127%), from €158,955 to €360,743
- Trade debts +€77,124
up €77,124 (+447%), from €17,240 to €94,364
- Current portion of long-term debt -€31,511
down €31,511 (-100%), from €31,511 to €0
- Profit (loss) carried forward +€18,961
up €18,961, from -€18,961 to €0
- Debts after one year -€16,627
down €16,627 (-100%), from €16,627 to €0
- Gross operating margin -€37,217
down €37,217 (-29.9%), from €124,267 to €87,050
- Depreciation +€14,013
up €14,013 (+36.5%), from €38,439 to €52,452
- Financial charges -€8,950
down €8,950 (-88.3%), from €10,135 to €1,185
- Taxes +€3,233
new in 2025: €3,233
- Other operating charges -€1,790
down €1,790 (-58.5%), from €3,059 to €1,269
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 | €469,945 | €721,539 | +€251,594 | +53.5% |
| Fixed assets | 21/28 | €280,110 | €301,408 | +€21,298 | +7.6% |
| Tangible fixed assets | 22/27 | €280,110 | €301,408 | +€21,298 | +7.6% |
| Land and buildings | 22 | €149,832 | €140,588 | -€9,244 | -6.2% |
| Plant, machinery and equipment | 23 | €1,405 | €2,745 | +€1,340 | +95.4% |
| Furniture and vehicles | 24 | €128,874 | €158,075 | +€29,201 | +22.7% |
| Current assets | 29/58 | €189,835 | €420,131 | +€230,296 | +121% |
| Stocks and contracts in progress | 3 | €37,480 | €99,930 | +€62,450 | +167% |
| Stocks | 30/36 | €37,480 | €99,930 | +€62,450 | +167% |
| Amounts receivable within one year | 40/41 | €135,329 | €229,424 | +€94,095 | +69.5% |
| Trade receivables | 40 | €113,761 | €225,879 | +€112,118 | +98.6% |
| Other amounts receivable | 41 | €21,568 | €3,545 | -€18,023 | -83.6% |
| Cash at bank and in hand | 54/58 | €17,026 | €59,527 | +€42,501 | +250% |
| Deferred charges and accrued income | 490/1 | - | €31,250 | +€31,250 | |
| Total equity and liabilities | 10/49 | €469,945 | €721,539 | +€251,594 | +53.5% |
| Equity | 10/15 | €222,826 | €251,890 | +€29,064 | +13.0% |
| Contributions | 10/11 | €95,000 | €95,000 | = | 0.0% |
| Reserves | 13 | €146,787 | €156,890 | +€10,103 | +6.9% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €144,927 | €155,030 | +€10,103 | +7.0% |
| Profit (loss) carried forward | 14 | -€18,961 | €0 | +€18,961 | |
| Amounts payable | 17/49 | €247,119 | €469,649 | +€222,530 | +90.0% |
| Amounts payable after more than one year | 17 | €16,627 | €0 | -€16,627 | -100% |
| Financial debts | 170/4 | €16,627 | €0 | -€16,627 | -100% |
| Amounts payable within one year | 42/48 | €230,492 | €469,649 | +€239,157 | +104% |
| Current portion of amounts payable after more than one year | 42 | €31,511 | €0 | -€31,511 | -100% |
| Trade debts | 44 | €17,240 | €94,364 | +€77,124 | +447% |
| Suppliers | 440/4 | €17,240 | €94,364 | +€77,124 | +447% |
| Advances received on contracts in progress | 46 | €5,168 | €3,828 | -€1,340 | -25.9% |
| Taxes, remuneration and social security | 45 | €17,617 | €10,713 | -€6,904 | -39.2% |
| Taxes | 450/3 | €14,615 | €7,689 | -€6,926 | -47.4% |
| Remuneration and social security | 454/9 | €3,002 | €3,024 | +€22 | +0.7% |
| Other amounts payable | 47/48 | €158,955 | €360,743 | +€201,788 | +127% |
| Non-recurring operating income | 76A | €1,950 | €3,131 | +€1,181 | +60.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €38,439 | €52,452 | +€14,013 | +36.5% |
| Other operating charges | 640/8 | €3,059 | €1,269 | -€1,790 | -58.5% |
| Gross operating margin | 9900 | €124,267 | €87,050 | -€37,217 | -29.9% |
| Operating profit (loss) | 9901 | €82,769 | €33,329 | -€49,440 | -59.7% |
| Financial income | 75/76B | €0 | €152 | +€152 | +152,090% |
| Recurring financial income | 75 | €0 | €152 | +€152 | +152,090% |
| Financial charges | 65/66B | €10,135 | €1,185 | -€8,950 | -88.3% |
| Recurring financial charges | 65 | €10,135 | €1,185 | -€8,950 | -88.3% |
| Profit (loss) for the period before taxes | 9903 | €72,634 | €32,297 | -€40,338 | -55.5% |
| Income taxes | 67/77 | - | €3,233 | +€3,233 | |
| Profit (loss) for the period | 9904 | €72,634 | €29,064 | -€43,571 | -60.0% |
| Profit (loss) for the period to be appropriated | 9905 | €72,634 | €29,064 | -€43,571 | -60.0% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 23 October 2026 via checked.be.