GILBERT SNICK: 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.
GILBERT SNICK
Largest movements
- Receivables within one year +€10,144
up €10,144 (+427%), from €2,377 to €12,522
of which Trade receivables: +€6,870
- Reserves +€9,328
up €9,328 (+1.5%), from €605,862 to €615,191
of which Distributable reserves: +€373,328
- Financial income +€14,888
up €14,888 (+446%), from €3,340 to €18,228
- Gross operating margin +€10,423
up €10,423 (+75.1%), from -€13,880 to -€3,457
- Financial charges -€3,458
down €3,458 (-96.8%), from €3,572 to €114
- Other operating charges +€1,866
up €1,866 (+262%), from €713 to €2,579
- Depreciation -€1,402
down €1,402 (-47.3%), from €2,966 to €1,564
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 | €751,709 | €758,505 | +€6,797 | +0.9% |
| Fixed assets | 21/28 | €2,655 | €3,748 | +€1,094 | +41.2% |
| Tangible fixed assets | 22/27 | €2,655 | €3,748 | +€1,094 | +41.2% |
| Plant, machinery and equipment | 23 | €2,655 | €3,748 | +€1,094 | +41.2% |
| Current assets | 29/58 | €749,054 | €754,757 | +€5,703 | +0.8% |
| Stocks and contracts in progress | 3 | €5,396 | €3,827 | -€1,570 | -29.1% |
| Stocks | 30/36 | €5,396 | €3,827 | -€1,570 | -29.1% |
| Amounts receivable within one year | 40/41 | €2,377 | €12,522 | +€10,144 | +427% |
| Trade receivables | 40 | €1,602 | €8,472 | +€6,870 | +429% |
| Other amounts receivable | 41 | €775 | €4,050 | +€3,274 | +422% |
| Cash at bank and in hand | 54/58 | €738,259 | €734,856 | -€3,403 | -0.5% |
| Deferred charges and accrued income | 490/1 | €3,021 | €3,552 | +€532 | +17.6% |
| Total equity and liabilities | 10/49 | €751,709 | €758,505 | +€6,797 | +0.9% |
| Equity | 10/15 | €748,412 | €757,741 | +€9,328 | +1.2% |
| Contributions | 10/11 | €142,550 | €142,550 | = | 0.0% |
| Reserves | 13 | €605,862 | €615,191 | +€9,328 | +1.5% |
| Tax-exempt reserves | 132 | €364,000 | €0 | -€364,000 | -100% |
| Distributable reserves | 133 | €241,862 | €615,191 | +€373,328 | +154% |
| Amounts payable | 17/49 | €3,296 | €765 | -€2,532 | -76.8% |
| Amounts payable within one year | 42/48 | €3,296 | €765 | -€2,532 | -76.8% |
| Trade debts | 44 | €1,764 | €617 | -€1,147 | -65.0% |
| Suppliers | 440/4 | €1,764 | €617 | -€1,147 | -65.0% |
| Other amounts payable | 47/48 | €1,532 | €148 | -€1,384 | -90.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,966 | €1,564 | -€1,402 | -47.3% |
| Other operating charges | 640/8 | €713 | €2,579 | +€1,866 | +262% |
| Gross operating margin | 9900 | -€13,880 | -€3,457 | +€10,423 | +75.1% |
| Operating profit (loss) | 9901 | -€17,559 | -€7,600 | +€9,959 | +56.7% |
| Financial income | 75/76B | €3,340 | €18,228 | +€14,888 | +446% |
| Recurring financial income | 75 | €3,340 | €18,228 | +€14,888 | +446% |
| Financial charges | 65/66B | €3,572 | €114 | -€3,458 | -96.8% |
| Recurring financial charges | 65 | €3,572 | €114 | -€3,458 | -96.8% |
| Profit (loss) for the period before taxes | 9903 | -€17,790 | €10,514 | +€28,304 | |
| Income taxes | 67/77 | €333 | €1,186 | +€852 | +256% |
| Profit (loss) for the period | 9904 | -€18,124 | €9,328 | +€27,452 | |
| Profit (loss) for the period to be appropriated | 9905 | -€18,124 | €9,328 | +€27,452 |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 18 October 2026 via checked.be.