Dr. Snoeks Michel: 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.
Dr. Snoeks Michel
Largest movements
- Current investments +€49,955
up €49,955 (+39.7%), from €125,786 to €175,741
- Cash -€45,664
down €45,664 (-49.3%), from €92,606 to €46,941
mainly Current investments (-€49,955) and Investment in fixed assets (net) (-€3,687)
- Receivables within one year -€3,607
down €3,607 (-79.2%), from €4,557 to €950
of which Trade receivables: -€4,557
No liability line moved by more than 1% of the balance sheet total.
- Gross operating margin -€4,447
down €4,447 (-35.9%), from €12,377 to €7,930
- Depreciation -€2,054
down €2,054 (-29.7%), from €6,918 to €4,863
- Financial income -€1,161
no longer reported in 2025 (was €1,161)
- Taxes -€1,149
down €1,149 (-41.6%), from €2,763 to €1,613
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 | €234,746 | €234,569 | -€177 | -0.1% |
| Fixed assets | 21/28 | €9,061 | €7,885 | -€1,176 | -13.0% |
| Tangible fixed assets | 22/27 | €9,061 | €7,885 | -€1,176 | -13.0% |
| Plant, machinery and equipment | 23 | €151 | - | -€151 | |
| Furniture and vehicles | 24 | €8,910 | €7,885 | -€1,025 | -11.5% |
| Current assets | 29/58 | €225,685 | €226,684 | +€1,000 | +0.4% |
| Amounts receivable within one year | 40/41 | €4,557 | €950 | -€3,607 | -79.2% |
| Trade receivables | 40 | €4,557 | - | -€4,557 | |
| Other amounts receivable | 41 | - | €950 | +€950 | |
| Current investments | 50/53 | €125,786 | €175,741 | +€49,955 | +39.7% |
| Cash at bank and in hand | 54/58 | €92,606 | €46,941 | -€45,664 | -49.3% |
| Deferred charges and accrued income | 490/1 | €2,736 | €3,052 | +€316 | +11.6% |
| Total equity and liabilities | 10/49 | €234,746 | €234,569 | -€177 | -0.1% |
| Equity | 10/15 | €228,801 | €229,469 | +€668 | +0.3% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €215,430 | €216,090 | +€660 | +0.3% |
| Distributable reserves | 133 | €215,430 | €216,090 | +€660 | +0.3% |
| Profit (loss) carried forward | 14 | €971 | €979 | +€8 | +0.8% |
| Amounts payable | 17/49 | €5,945 | €5,100 | -€845 | -14.2% |
| Amounts payable within one year | 42/48 | €5,945 | €5,100 | -€845 | -14.2% |
| Taxes, remuneration and social security | 45 | €1,270 | €66 | -€1,204 | -94.8% |
| Taxes | 450/3 | €1,270 | €66 | -€1,204 | -94.8% |
| Other amounts payable | 47/48 | €4,675 | €5,034 | +€359 | +7.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,918 | €4,863 | -€2,054 | -29.7% |
| Other operating charges | 640/8 | €569 | €585 | +€16 | +2.9% |
| Gross operating margin | 9900 | €12,377 | €7,930 | -€4,447 | -35.9% |
| Operating profit (loss) | 9901 | €4,890 | €2,481 | -€2,409 | -49.3% |
| Financial income | 75/76B | €1,161 | - | -€1,161 | |
| Recurring financial income | 75 | €1,161 | - | -€1,161 | |
| Financial charges | 65/66B | €85 | €200 | +€115 | +135% |
| Recurring financial charges | 65 | €85 | €200 | +€115 | +135% |
| Profit (loss) for the period before taxes | 9903 | €5,966 | €2,281 | -€3,684 | -61.8% |
| Income taxes | 67/77 | €2,763 | €1,613 | -€1,149 | -41.6% |
| Profit (loss) for the period | 9904 | €3,203 | €668 | -€2,535 | -79.1% |
| Profit (loss) for the period to be appropriated | 9905 | €3,203 | €668 | -€2,535 | -79.1% |
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 27 October 2026 via checked.be.