DE SNEP: 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.
DE SNEP
Largest movements
- Cash -€142,807
down €142,807 (-55.2%), from €258,731 to €115,923
mainly Investment in fixed assets (net) (-€158,000) and Contributions, distributions and other (-€49,573)
- Tangible fixed assets +€122,506
up €122,506 (+50.5%), from €242,485 to €364,991
of which Furniture and vehicles: +€146,933
- Reserves -€36,197
down €36,197 (-13.5%), from €267,858 to €231,661
of which Distributable reserves: -€36,197
- Other debts +€8,915
up €8,915 (+3.5%), from €257,499 to €266,415
- Depreciation +€10,821
up €10,821 (+43.9%), from €24,673 to €35,494
- Other operating charges +€6,983
up €6,983 (+184.2%), from €3,790 to €10,773
- Financial charges -€6,198
down €6,198 (-32.3%), from €19,175 to €12,977
- Taxes -€1,611
down €1,611 (-19.6%), from €8,228 to €6,617
- Financial income +€1,231
up €1,231 (+138.2%), from €890 to €2,121
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 | €547,536 | €520,072 | -€27,464 | -5.0% |
| Fixed assets | 21/28 | €242,485 | €364,991 | +€122,506 | +50.5% |
| Tangible fixed assets | 22/27 | €242,485 | €364,991 | +€122,506 | +50.5% |
| Land and buildings | 22 | €194,321 | €182,944 | -€11,377 | -5.9% |
| Plant, machinery and equipment | 23 | €35,796 | €22,746 | -€13,050 | -36.5% |
| Furniture and vehicles | 24 | €12,368 | €159,301 | +€146,933 | +1188.0% |
| Current assets | 29/58 | €305,051 | €155,081 | -€149,970 | -49.2% |
| Amounts receivable within one year | 40/41 | €3,969 | - | -€3,969 | |
| Trade receivables | 40 | €3,969 | - | -€3,969 | |
| Current investments | 50/53 | €34,585 | €34,585 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €258,731 | €115,923 | -€142,807 | -55.2% |
| Deferred charges and accrued income | 490/1 | €7,767 | €4,573 | -€3,193 | -41.1% |
| Total equity and liabilities | 10/49 | €547,536 | €520,072 | -€27,464 | -5.0% |
| Equity | 10/15 | €286,458 | €250,261 | -€36,197 | -12.6% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €267,858 | €231,661 | -€36,197 | -13.5% |
| Non-distributable reserves | 130/1 | €3,099 | €3,099 | = | 0.0% |
| Reserves not available under the articles | 1311 | €3,099 | €3,099 | = | 0.0% |
| Distributable reserves | 133 | €264,760 | €228,563 | -€36,197 | -13.7% |
| Amounts payable | 17/49 | €261,078 | €269,811 | +€8,733 | +3.3% |
| Amounts payable within one year | 42/48 | €261,078 | €267,759 | +€6,681 | +2.6% |
| Trade debts | 44 | €148 | €360 | +€212 | +143.6% |
| Suppliers | 440/4 | €148 | €360 | +€212 | +143.6% |
| Taxes, remuneration and social security | 45 | €3,431 | €984 | -€2,447 | -71.3% |
| Taxes | 450/3 | €931 | €984 | +€53 | +5.7% |
| Remuneration and social security | 454/9 | €2,500 | - | -€2,500 | |
| Other amounts payable | 47/48 | €257,499 | €266,415 | +€8,915 | +3.5% |
| Accrued charges and deferred income | 492/3 | - | €2,052 | +€2,052 | |
| Non-recurring operating income | 76A | €897 | - | -€897 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €24,673 | €35,494 | +€10,821 | +43.9% |
| Other operating charges | 640/8 | €3,790 | €10,773 | +€6,983 | +184.2% |
| Gross operating margin | 9900 | €76,115 | €77,117 | +€1,002 | +1.3% |
| Operating profit (loss) | 9901 | €47,652 | €30,849 | -€16,802 | -35.3% |
| Financial income | 75/76B | €890 | €2,121 | +€1,231 | +138.2% |
| Recurring financial income | 75 | €890 | €2,121 | +€1,231 | +138.2% |
| Financial charges | 65/66B | €19,175 | €12,977 | -€6,198 | -32.3% |
| Recurring financial charges | 65 | €19,175 | €12,977 | -€6,198 | -32.3% |
| Profit (loss) for the period before taxes | 9903 | €29,367 | €19,994 | -€9,373 | -31.9% |
| Income taxes | 67/77 | €8,228 | €6,617 | -€1,611 | -19.6% |
| Profit (loss) for the period | 9904 | €21,139 | €13,377 | -€7,762 | -36.7% |
| Profit (loss) for the period to be appropriated | 9905 | €21,139 | €13,377 | -€7,762 | -36.7% |
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 12 October 2026 via checked.be.