DE SNEPKENS: 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 SNEPKENS
Largest movements
- Tangible fixed assets -€73,424
down €73,424 (-9.0%), from €817,429 to €744,006
of which Land and buildings: -€63,145
- Cash +€15,064
up €15,064 (+5.8%), from €259,361 to €274,425
mainly Depreciation (+€165,027) and Net result for the year (+€54,660)
- Debts after one year -€78,925
down €78,925 (-11.2%), from €704,311 to €625,386
- Reserves +€54,660
up €54,660 (+24.5%), from €223,501 to €278,160
- Trade debts -€47,316
down €47,316 (-49.7%), from €95,129 to €47,813
- Gross operating margin -€84,652
down €84,652 (-18.8%), from €449,245 to €364,593
- Staff costs -€76,936
down €76,936 (-53.6%), from €143,601 to €66,665
- Depreciation +€33,460
up €33,460 (+25.4%), from €131,567 to €165,027
- Taxes +€18,354
up €18,354 (+72.7%), from €25,245 to €43,599
- Financial charges +€10,822
up €10,822 (+93.7%), from €11,549 to €22,371
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 | €1,172,986 | €1,119,121 | -€53,865 | -4.6% |
| Formation expenses | 20 | €458 | €229 | -€229 | -50.0% |
| Fixed assets | 21/28 | €817,429 | €744,006 | -€73,424 | -9.0% |
| Tangible fixed assets | 22/27 | €817,429 | €744,006 | -€73,424 | -9.0% |
| Land and buildings | 22 | €500,026 | €436,881 | -€63,145 | -12.6% |
| Plant, machinery and equipment | 23 | €182,763 | €206,730 | +€23,967 | +13.1% |
| Furniture and vehicles | 24 | €55,224 | €37,010 | -€18,213 | -33.0% |
| Leasing and similar rights | 25 | €79,416 | €63,384 | -€16,032 | -20.2% |
| Assets under construction and advance payments | 27 | €0 | - | = | |
| Current assets | 29/58 | €355,098 | €374,886 | +€19,788 | +5.6% |
| Stocks and contracts in progress | 3 | €12,934 | €12,736 | -€198 | -1.5% |
| Stocks | 30/36 | €12,934 | €12,736 | -€198 | -1.5% |
| Amounts receivable within one year | 40/41 | €82,804 | €87,725 | +€4,922 | +5.9% |
| Trade receivables | 40 | €0 | - | = | |
| Other amounts receivable | 41 | €82,804 | €87,725 | +€4,922 | +5.9% |
| Cash at bank and in hand | 54/58 | €259,361 | €274,425 | +€15,064 | +5.8% |
| Total equity and liabilities | 10/49 | €1,172,986 | €1,119,121 | -€53,865 | -4.6% |
| Equity | 10/15 | €229,081 | €283,740 | +€54,660 | +23.9% |
| Contributions | 10/11 | €5,580 | €5,580 | = | 0.0% |
| Reserves | 13 | €223,501 | €278,160 | +€54,660 | +24.5% |
| Distributable reserves | 133 | €223,501 | €278,160 | +€54,660 | +24.5% |
| Amounts payable | 17/49 | €943,905 | €835,381 | -€108,524 | -11.5% |
| Amounts payable after more than one year | 17 | €704,311 | €625,386 | -€78,925 | -11.2% |
| Financial debts | 170/4 | €704,311 | €625,386 | -€78,925 | -11.2% |
| Amounts payable within one year | 42/48 | €239,595 | €209,995 | -€29,600 | -12.4% |
| Current portion of amounts payable after more than one year | 42 | €114,512 | €120,973 | +€6,461 | +5.6% |
| Trade debts | 44 | €95,129 | €47,813 | -€47,316 | -49.7% |
| Suppliers | 440/4 | €95,129 | €47,813 | -€47,316 | -49.7% |
| Advances received on contracts in progress | 46 | €5,435 | €9,857 | +€4,422 | +81.4% |
| Taxes, remuneration and social security | 45 | €24,519 | €31,352 | +€6,833 | +27.9% |
| Taxes | 450/3 | €14,426 | €20,934 | +€6,508 | +45.1% |
| Remuneration and social security | 454/9 | €10,093 | €10,418 | +€325 | +3.2% |
| Other amounts payable | 47/48 | €0 | - | = | |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €143,601 | €66,665 | -€76,936 | -53.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €131,567 | €165,027 | +€33,460 | +25.4% |
| Other operating charges | 640/8 | €17,110 | €17,284 | +€173 | +1.0% |
| Gross operating margin | 9900 | €449,245 | €364,593 | -€84,652 | -18.8% |
| Operating profit (loss) | 9901 | €156,967 | €115,618 | -€41,349 | -26.3% |
| Financial income | 75/76B | €3,841 | €5,012 | +€1,171 | +30.5% |
| Recurring financial income | 75 | €3,841 | €5,012 | +€1,171 | +30.5% |
| Financial charges | 65/66B | €11,549 | €22,371 | +€10,822 | +93.7% |
| Recurring financial charges | 65 | €11,549 | €22,371 | +€10,822 | +93.7% |
| Profit (loss) for the period before taxes | 9903 | €149,259 | €98,259 | -€51,000 | -34.2% |
| Income taxes | 67/77 | €25,245 | €43,599 | +€18,354 | +72.7% |
| Profit (loss) for the period | 9904 | €124,014 | €54,660 | -€69,354 | -55.9% |
| Profit (loss) for the period to be appropriated | 9905 | €124,014 | €54,660 | -€69,354 | -55.9% |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 15 October 2026 via checked.be.