DE SNERCK: what changed
Two fiscal 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 SNERCK
Largest movements
- Cash -€1.2m
down €1.2m (-61.3%), from €2.0m to €760,421
mainly Other debts (-€2.0m) and Stocks and contracts (-€190,411)
- Receivables within one year -€251,707
down €251,707 (-24.6%), from €1.0m to €771,421
of which Trade receivables: -€195,838
- Tangible fixed assets -€205,929
down €205,929 (-36.4%), from €566,247 to €360,318
of which Furniture and vehicles: -€146,347
- Stocks and contracts +€190,411
up €190,411 (+165.6%), from €114,956 to €305,367
- Current investments +€148,685
up €148,685 (+6.2%), from €2.4m to €2.6m
- Other debts -€2.0m
down €2.0m (-96.7%), from €2.0m to €67,561
- Reserves +€568,053
up €568,053 (+15.9%), from €3.6m to €4.1m
of which Distributable reserves: +€668,285
- Tax, wage and social debts +€69,054
up €69,054 (+494.4%), from €13,968 to €83,022
of which Taxes: +€71,216
- Gross operating margin -€224,543
down €224,543 (-18.1%), from €1.2m to €1.0m
- Financial income +€103,030
up €103,030 (+110.2%), from €93,462 to €196,492
- Taxes -€99,685
down €99,685 (-36.0%), from €276,700 to €177,015
- Depreciation -€31,654
down €31,654 (-10.3%), from €306,383 to €274,729
- Other operating charges -€20,164
down €20,164 (-36.4%), from €55,322 to €35,158
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 | €6,081,849 | €4,766,221 | -€1.3m | -21.6% |
| Fixed assets | 21/28 | €566,247 | €360,318 | -€205,929 | -36.4% |
| Tangible fixed assets | 22/27 | €566,247 | €360,318 | -€205,929 | -36.4% |
| Land and buildings | 22 | €55,485 | €22,885 | -€32,600 | -58.8% |
| Plant, machinery and equipment | 23 | €100,450 | €73,468 | -€26,982 | -26.9% |
| Furniture and vehicles | 24 | €410,312 | €263,965 | -€146,347 | -35.7% |
| Financial fixed assets | 28 | €0 | - | = | |
| Current assets | 29/58 | €5,515,602 | €4,405,903 | -€1.1m | -20.1% |
| Stocks and contracts in progress | 3 | €114,956 | €305,367 | +€190,411 | +165.6% |
| Stocks | 30/36 | €114,956 | €305,367 | +€190,411 | +165.6% |
| Amounts receivable within one year | 40/41 | €1,023,128 | €771,421 | -€251,707 | -24.6% |
| Trade receivables | 40 | €926,061 | €730,223 | -€195,838 | -21.1% |
| Other amounts receivable | 41 | €97,067 | €41,198 | -€55,869 | -57.6% |
| Current investments | 50/53 | €2,409,813 | €2,558,498 | +€148,685 | +6.2% |
| Cash at bank and in hand | 54/58 | €1,967,200 | €760,421 | -€1.2m | -61.3% |
| Deferred charges and accrued income | 490/1 | €505 | €10,195 | +€9,690 | +1918.8% |
| Total equity and liabilities | 10/49 | €6,081,849 | €4,766,221 | -€1.3m | -21.6% |
| Equity | 10/15 | €3,913,382 | €4,481,434 | +€568,052 | +14.5% |
| Contributions | 10/11 | €340,854 | €340,854 | -€0 | 0.0% |
| Capital | 10 | €340,854 | €340,854 | -€0 | 0.0% |
| Issued capital | 100 | €340,854 | €340,854 | -€0 | 0.0% |
| Reserves | 13 | €3,572,528 | €4,140,581 | +€568,053 | +15.9% |
| Non-distributable reserves | 130/1 | €34,085 | €34,085 | +€0 | 0.0% |
| Legal reserve | 130 | €34,085 | €34,085 | +€0 | 0.0% |
| Tax-exempt reserves | 132 | €156,322 | €56,089 | -€100,233 | -64.1% |
| Distributable reserves | 133 | €3,382,121 | €4,050,406 | +€668,285 | +19.8% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €2,168,467 | €284,787 | -€1.9m | -86.9% |
| Amounts payable within one year | 42/48 | €2,168,467 | €284,787 | -€1.9m | -86.9% |
| Trade debts | 44 | €133,943 | €134,205 | +€262 | +0.2% |
| Suppliers | 440/4 | €133,943 | €134,205 | +€262 | +0.2% |
| Taxes, remuneration and social security | 45 | €13,968 | €83,022 | +€69,054 | +494.4% |
| Taxes | 450/3 | €1,605 | €72,821 | +€71,216 | +4437.2% |
| Remuneration and social security | 454/9 | €12,364 | €10,200 | -€2,164 | -17.5% |
| Other amounts payable | 47/48 | €2,020,556 | €67,561 | -€2.0m | -96.7% |
| Non-recurring operating income | 76A | €80,896 | €4,037 | -€76,859 | -95.0% |
| Remuneration, social security and pensions | 62 | €154,315 | €151,187 | -€3,128 | -2.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €306,383 | €274,729 | -€31,654 | -10.3% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€890 | -€1,865 | -€975 | -109.5% |
| Other operating charges | 640/8 | €55,322 | €35,158 | -€20,164 | -36.4% |
| Non-recurring operating charges | 66A | - | €4,098 | +€4,098 | |
| Gross operating margin | 9900 | €1,239,258 | €1,014,715 | -€224,543 | -18.1% |
| Operating profit (loss) | 9901 | €724,128 | €551,407 | -€172,721 | -23.9% |
| Financial income | 75/76B | €93,462 | €196,492 | +€103,030 | +110.2% |
| Recurring financial income | 75 | €93,462 | €196,492 | +€103,030 | +110.2% |
| Financial charges | 65/66B | €2,017 | €2,832 | +€815 | +40.4% |
| Recurring financial charges | 65 | €2,017 | €2,832 | +€815 | +40.4% |
| Profit (loss) for the period before taxes | 9903 | €815,574 | €745,067 | -€70,507 | -8.6% |
| Income taxes | 67/77 | €276,700 | €177,015 | -€99,685 | -36.0% |
| Profit (loss) for the period | 9904 | €538,874 | €568,052 | +€29,178 | +5.4% |
| Transfer from tax-exempt reserves | 789 | €157,875 | €100,233 | -€57,642 | -36.5% |
| Profit (loss) for the period to be appropriated | 9905 | €696,749 | €668,285 | -€28,464 | -4.1% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.