DE 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.
What changed
DE SNEPPE
NACE 68.121, Development of residential building projects
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€1.1m
2024 · €709,628+€402,926
Equity
€20.1m
2024 · €19.0m+€1.1m
Cash
€94,715
2024 · €760,876-€666,161
Balance sheet total
€24.1m
2024 · €24.0m+€112,780
Largest movements
Assets
- Tangible fixed assets +€819,160
up €819,160 (+50.3%), from €1.6m to €2.4m
of which Land and buildings: +€818,881
- Cash -€666,161
down €666,161 (-87.6%), from €760,876 to €94,715
mainly Investment in fixed assets (net) (-€893,112) and Other debts (-€769,546)
Equity and liabilities
- Reserves +€1.1m
up €1.1m (+8.5%), from €13.1m to €14.2m
of which Distributable reserves: +€1.1m
- Other debts -€769,546
down €769,546 (-44.9%), from €1.7m to €944,293
Income statement
- Financial charges -€531,279
down €531,279 (-95.8%), from €554,750 to €23,471
- Financial income -€58,424
down €58,424 (-4.2%), from €1.4m to €1.3m
- Taxes +€40,556
up €40,556 (+56.3%), from €71,979 to €112,535
- Depreciation +€22,500
up €22,500 (+43.7%), from €51,452 to €73,952
- Gross operating margin -€4,296
down €4,296 (-53.4%), from -€8,052 to -€12,348
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.
Result 2024
€709,628
Gross operating margin
-€4,296
Depreciation
-€22,500
Other operating charges
-€3,387
Financial income
-€58,424
Financial charges
+€531,279
Taxes
-€40,556
Deferred taxes and other
+€810
Result 2025
€1.1m
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
+€269,071
Investment
-€727,027
Financing
-€208,205
Cash 2024
€760,876
From operations (derived)
+€269,071
Net result for the year
+€1.1m
Depreciation
+€73,952
Receivables within one year
-€121,498
Deferred charges and accrued income
-€4,368
Provisions
-€3,716
Trade debts
+€22
Tax, wage and social debts
+€40,119
Other debts
-€769,546
Accrued charges and deferred income
-€58,447
Investment (derived)
-€727,027
Investment in fixed assets (net)
-€893,112
Current investments
+€166,085
Financing
-€208,205
Debts after one year
-€208,205
Cash 2025
€94,715
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €24,026,089 | €24,138,868 | +€112,780 | +0.5% |
| Fixed assets | 21/28 | €19,041,755 | €19,860,915 | +€819,160 | +4.3% |
| Tangible fixed assets | 22/27 | €1,629,817 | €2,448,977 | +€819,160 | +50.3% |
| Land and buildings | 22 | €1,626,594 | €2,445,475 | +€818,881 | +50.3% |
| Furniture and vehicles | 24 | €3,223 | €3,502 | +€279 | +8.7% |
| Financial fixed assets | 28 | €17,411,938 | €17,411,938 | = | 0.0% |
| Current assets | 29/58 | €4,984,334 | €4,277,954 | -€706,380 | -14.2% |
| Amounts receivable within one year | 40/41 | €1,134,999 | €1,256,497 | +€121,498 | +10.7% |
| Trade receivables | 40 | €2,031 | €3,304 | +€1,272 | +62.6% |
| Other amounts receivable | 41 | €1,132,967 | €1,253,193 | +€120,225 | +10.6% |
| Current investments | 50/53 | €3,058,351 | €2,892,266 | -€166,085 | -5.4% |
| Cash at bank and in hand | 54/58 | €760,876 | €94,715 | -€666,161 | -87.6% |
| Deferred charges and accrued income | 490/1 | €30,108 | €34,476 | +€4,368 | +14.5% |
| Total equity and liabilities | 10/49 | €24,026,089 | €24,138,868 | +€112,780 | +0.5% |
| Equity | 10/15 | €19,014,100 | €20,126,653 | +€1.1m | +5.9% |
| Contributions | 10/11 | €5,903,587 | €5,903,587 | = | 0.0% |
| Capital | 10 | €5,903,355 | €5,903,355 | = | 0.0% |
| Issued capital | 100 | €5,903,355 | €5,903,355 | = | 0.0% |
| Contributions outside capital | 11 | €233 | €233 | = | 0.0% |
| Share premium | 1100/10 | €233 | €233 | = | 0.0% |
| Reserves | 13 | €13,105,448 | €14,218,001 | +€1.1m | +8.5% |
| Non-distributable reserves | 130/1 | €622,886 | €678,926 | +€56,040 | +9.0% |
| Legal reserve | 130 | €622,886 | €678,926 | +€56,040 | +9.0% |
| Tax-exempt reserves | 132 | €482,147 | €474,075 | -€8,072 | -1.7% |
| Distributable reserves | 133 | €12,000,415 | €13,065,000 | +€1.1m | +8.9% |
| Profit (loss) carried forward | 14 | €5,065 | €5,065 | +€1 | 0.0% |
| Provisions and deferred taxes | 16 | €175,722 | €172,007 | -€3,716 | -2.1% |
| Deferred taxes | 168 | €175,722 | €172,007 | -€3,716 | -2.1% |
| Amounts payable | 17/49 | €4,836,267 | €3,840,208 | -€996,058 | -20.6% |
| Amounts payable after more than one year | 17 | €2,689,179 | €2,480,974 | -€208,205 | -7.7% |
| Financial debts | 170/4 | €2,689,179 | €2,480,974 | -€208,205 | -7.7% |
| Amounts payable within one year | 42/48 | €1,998,081 | €1,268,675 | -€729,406 | -36.5% |
| Current portion of amounts payable after more than one year | 42 | €208,205 | €208,205 | = | 0.0% |
| Trade debts | 44 | €3,068 | €3,090 | +€22 | +0.7% |
| Suppliers | 440/4 | €3,068 | €3,090 | +€22 | +0.7% |
| Taxes, remuneration and social security | 45 | €72,969 | €113,088 | +€40,119 | +55.0% |
| Taxes | 450/3 | €72,969 | €113,088 | +€40,119 | +55.0% |
| Other amounts payable | 47/48 | €1,713,839 | €944,293 | -€769,546 | -44.9% |
| Accrued charges and deferred income | 492/3 | €149,007 | €90,559 | -€58,447 | -39.2% |
| Non-recurring operating income | 76A | €1,034 | €0 | -€1,034 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €51,452 | €73,952 | +€22,500 | +43.7% |
| Other operating charges | 640/8 | €7,548 | €10,936 | +€3,387 | +44.9% |
| Gross operating margin | 9900 | -€8,052 | -€12,348 | -€4,296 | -53.4% |
| Operating profit (loss) | 9901 | -€67,052 | -€97,235 | -€30,183 | -45.0% |
| Financial income | 75/76B | €1,400,503 | €1,342,079 | -€58,424 | -4.2% |
| Recurring financial income | 75 | €1,400,503 | €1,342,079 | -€58,424 | -4.2% |
| Financial charges | 65/66B | €554,750 | €23,471 | -€531,279 | -95.8% |
| Recurring financial charges | 65 | €554,750 | €23,471 | -€531,279 | -95.8% |
| Profit (loss) for the period before taxes | 9903 | €778,701 | €1,221,373 | +€442,672 | +56.8% |
| Transfer from deferred taxes | 780 | €2,906 | €3,716 | +€810 | +27.9% |
| Income taxes | 67/77 | €71,979 | €112,535 | +€40,556 | +56.3% |
| Profit (loss) for the period | 9904 | €709,628 | €1,112,553 | +€402,926 | +56.8% |
| Transfer from tax-exempt reserves | 789 | €5,644 | €8,072 | +€2,429 | +43.0% |
| Profit (loss) for the period to be appropriated | 9905 | €715,271 | €1,120,626 | +€405,354 | +56.7% |
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 21 October 2026 via checked.be.