ELECTRO SNAUWAERT: 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.
ELECTRO SNAUWAERT
Largest movements
- Current investments +€36,754
up €36,754 (+3.4%), from €1.1m to €1.1m
- Receivables within one year -€33,144
down €33,144 (-42.3%), from €78,375 to €45,231
of which Trade receivables: -€39,306
- Cash +€16,060
up €16,060 (+30.3%), from €52,983 to €69,043
mainly Net result for the year (+€152,180) and Receivables within one year (+€33,144)
- Reserves +€152,180
up €152,180 (+18.1%), from €841,284 to €993,464
of which Distributable reserves: +€152,180
- Other debts -€139,184
down €139,184 (-100%), from €139,184 to €0
- Financial charges +€30,381
up €30,381 (+20,048%), from €152 to €30,533
- Gross operating margin -€25,077
down €25,077 (-9.4%), from €266,329 to €241,252
- Taxes -€11,424
down €11,424 (-13.2%), from €86,837 to €75,412
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 | €1,237,502 | €1,249,502 | +€12,000 | +1.0% |
| Fixed assets | 21/28 | €837 | €1,375 | +€538 | +64.3% |
| Tangible fixed assets | 22/27 | €837 | €1,375 | +€538 | +64.3% |
| Plant, machinery and equipment | 23 | €566 | €445 | -€121 | -21.4% |
| Furniture and vehicles | 24 | €271 | €931 | +€660 | +243% |
| Current assets | 29/58 | €1,236,665 | €1,248,127 | +€11,462 | +0.9% |
| Stocks and contracts in progress | 3 | €14,058 | €7,588 | -€6,470 | -46.0% |
| Stocks | 30/36 | €14,058 | €7,588 | -€6,470 | -46.0% |
| Amounts receivable within one year | 40/41 | €78,375 | €45,231 | -€33,144 | -42.3% |
| Trade receivables | 40 | €71,717 | €32,411 | -€39,306 | -54.8% |
| Other amounts receivable | 41 | €6,659 | €12,821 | +€6,162 | +92.5% |
| Current investments | 50/53 | €1,089,511 | €1,126,265 | +€36,754 | +3.4% |
| Cash at bank and in hand | 54/58 | €52,983 | €69,043 | +€16,060 | +30.3% |
| Deferred charges and accrued income | 490/1 | €1,738 | €0 | -€1,738 | -100% |
| Total equity and liabilities | 10/49 | €1,237,502 | €1,249,502 | +€12,000 | +1.0% |
| Equity | 10/15 | €861,311 | €1,013,492 | +€152,180 | +17.7% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €841,284 | €993,464 | +€152,180 | +18.1% |
| Tax-exempt reserves | 132 | €15,000 | €15,000 | = | 0.0% |
| Distributable reserves | 133 | €826,284 | €978,464 | +€152,180 | +18.4% |
| Profit (loss) carried forward | 14 | €27 | €27 | = | 0.0% |
| Provisions and deferred taxes | 16 | €220,455 | €220,455 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €220,455 | €220,455 | = | 0.0% |
| Pensions and similar obligations | 160 | €220,455 | €220,455 | = | 0.0% |
| Amounts payable | 17/49 | €155,736 | €15,556 | -€140,180 | -90.0% |
| Amounts payable within one year | 42/48 | €155,736 | €15,556 | -€140,180 | -90.0% |
| Trade debts | 44 | €9,228 | €10,865 | +€1,637 | +17.7% |
| Suppliers | 440/4 | €9,228 | €10,865 | +€1,637 | +17.7% |
| Taxes, remuneration and social security | 45 | €7,324 | €4,691 | -€2,634 | -36.0% |
| Taxes | 450/3 | €7,324 | €4,691 | -€2,634 | -36.0% |
| Other amounts payable | 47/48 | €139,184 | €0 | -€139,184 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €208 | €406 | +€198 | +94.8% |
| Other operating charges | 640/8 | €2,321 | €2,819 | +€498 | +21.4% |
| Gross operating margin | 9900 | €266,329 | €241,252 | -€25,077 | -9.4% |
| Operating profit (loss) | 9901 | €263,799 | €238,027 | -€25,772 | -9.8% |
| Financial income | 75/76B | €21,868 | €20,098 | -€1,770 | -8.1% |
| Recurring financial income | 75 | €21,868 | €20,098 | -€1,770 | -8.1% |
| Financial charges | 65/66B | €152 | €30,533 | +€30,381 | +20,048% |
| Recurring financial charges | 65 | €152 | €30,533 | +€30,381 | +20,048% |
| Profit (loss) for the period before taxes | 9903 | €285,516 | €227,593 | -€57,923 | -20.3% |
| Income taxes | 67/77 | €86,837 | €75,412 | -€11,424 | -13.2% |
| Profit (loss) for the period | 9904 | €198,679 | €152,180 | -€46,499 | -23.4% |
| Profit (loss) for the period to be appropriated | 9905 | €198,679 | €152,180 | -€46,499 | -23.4% |
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.