DE SNERCK BOUW: 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 SNERCK BOUW
Largest movements
- Cash +€2.9m
up €2.9m (+728%), from €401,716 to €3.3m
mainly Receivables within one year (+€1.9m) and Current investments (+€700,000)
- Receivables within one year -€1.9m
down €1.9m (-85.9%), from €2.2m to €311,768
of which Other amounts receivable: -€2.0m
- Current investments -€700,000
down €700,000 (-100%), from €700,000 to €0
- Stocks and contracts -€58,701
down €58,701 (-11.7%), from €502,341 to €443,640
- Reserves +€210,445
up €210,445 (+6.3%), from €3.3m to €3.6m
of which Distributable reserves: +€310,678
- Tax, wage and social debts +€49,249
up €49,249 (+62.2%), from €79,193 to €128,442
of which Remuneration and social security: +€32,082
- Gross operating margin +€99,816
up €99,816 (+24.2%), from €412,682 to €512,498
- Staff costs +€74,225
up €74,225 (+49.0%), from €151,347 to €225,572
- Taxes +€40,771
up €40,771 (+60.5%), from €67,403 to €108,174
- Financial income +€31,984
up €31,984 (+52.4%), from €61,018 to €93,002
- Other operating charges +€20,183
up €20,183 (+515%), from €3,921 to €24,104
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 | €3,934,065 | €4,185,366 | +€251,301 | +6.4% |
| Fixed assets | 21/28 | €121,352 | €96,777 | -€24,575 | -20.3% |
| Tangible fixed assets | 22/27 | €90,904 | €66,330 | -€24,575 | -27.0% |
| Land and buildings | 22 | €19,352 | €20,212 | +€860 | +4.4% |
| Plant, machinery and equipment | 23 | €16,732 | €13,287 | -€3,445 | -20.6% |
| Furniture and vehicles | 24 | €54,820 | €32,831 | -€21,990 | -40.1% |
| Financial fixed assets | 28 | €30,448 | €30,448 | = | 0.0% |
| Current assets | 29/58 | €3,812,713 | €4,088,589 | +€275,875 | +7.2% |
| Stocks and contracts in progress | 3 | €502,341 | €443,640 | -€58,701 | -11.7% |
| Stocks | 30/36 | €502,341 | €443,640 | -€58,701 | -11.7% |
| Amounts receivable within one year | 40/41 | €2,203,599 | €311,768 | -€1.9m | -85.9% |
| Trade receivables | 40 | €242,510 | €311,768 | +€69,258 | +28.6% |
| Other amounts receivable | 41 | €1,961,089 | €0 | -€2.0m | -100% |
| Current investments | 50/53 | €700,000 | €0 | -€700,000 | -100% |
| Cash at bank and in hand | 54/58 | €401,716 | €3,324,605 | +€2.9m | +728% |
| Deferred charges and accrued income | 490/1 | €5,057 | €8,575 | +€3,518 | +69.6% |
| Total equity and liabilities | 10/49 | €3,934,065 | €4,185,366 | +€251,301 | +6.4% |
| Equity | 10/15 | €3,689,977 | €3,900,422 | +€210,445 | +5.7% |
| Contributions | 10/11 | €340,854 | €340,854 | = | 0.0% |
| Reserves | 13 | €3,349,123 | €3,559,568 | +€210,445 | +6.3% |
| Tax-exempt reserves | 132 | €156,322 | €56,089 | -€100,233 | -64.1% |
| Distributable reserves | 133 | €3,192,802 | €3,503,479 | +€310,678 | +9.7% |
| Amounts payable | 17/49 | €244,089 | €284,944 | +€40,855 | +16.7% |
| Amounts payable within one year | 42/48 | €243,122 | €272,955 | +€29,834 | +12.3% |
| Trade debts | 44 | €108,812 | €67,104 | -€41,708 | -38.3% |
| Suppliers | 440/4 | €108,812 | €67,104 | -€41,708 | -38.3% |
| Taxes, remuneration and social security | 45 | €79,193 | €128,442 | +€49,249 | +62.2% |
| Taxes | 450/3 | €79,193 | €96,359 | +€17,166 | +21.7% |
| Remuneration and social security | 454/9 | - | €32,082 | +€32,082 | |
| Other amounts payable | 47/48 | €55,117 | €77,410 | +€22,293 | +40.4% |
| Accrued charges and deferred income | 492/3 | €967 | €11,988 | +€11,022 | +1,140% |
| Remuneration, social security and pensions | 62 | €151,347 | €225,572 | +€74,225 | +49.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €34,360 | €35,135 | +€775 | +2.3% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €545 | +€545 | |
| Other operating charges | 640/8 | €3,921 | €24,104 | +€20,183 | +515% |
| Gross operating margin | 9900 | €412,682 | €512,498 | +€99,816 | +24.2% |
| Operating profit (loss) | 9901 | €223,054 | €227,142 | +€4,088 | +1.8% |
| Financial income | 75/76B | €61,018 | €93,002 | +€31,984 | +52.4% |
| Recurring financial income | 75 | €61,018 | €93,002 | +€31,984 | +52.4% |
| Financial charges | 65/66B | €1,200 | €1,525 | +€324 | +27.0% |
| Recurring financial charges | 65 | €1,200 | €1,525 | +€324 | +27.0% |
| Profit (loss) for the period before taxes | 9903 | €282,871 | €318,619 | +€35,748 | +12.6% |
| Income taxes | 67/77 | €67,403 | €108,174 | +€40,771 | +60.5% |
| Profit (loss) for the period | 9904 | €215,468 | €210,445 | -€5,023 | -2.3% |
| Transfer from tax-exempt reserves | 789 | €157,875 | €100,233 | -€57,642 | -36.5% |
| Profit (loss) for the period to be appropriated | 9905 | €373,343 | €310,678 | -€62,665 | -16.8% |
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 29 October 2026 via checked.be.