GREET SNEYERS: 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.
GREET SNEYERS
Largest movements
- Current investments +€363,403
up €363,403 (+343%), from €105,919 to €469,322
- Cash -€244,165
down €244,165 (-41.4%), from €589,469 to €345,304
mainly Current investments (-€363,403) and Investment in fixed assets (net) (-€205,562)
- Reserves +€196,340
up €196,340 (+20.8%), from €943,684 to €1.1m
- Debts after one year -€52,750
down €52,750 (-14.0%), from €377,033 to €324,283
- Trade debts -€31,183
down €31,183 (-59.6%), from €52,291 to €21,108
- Current portion of long-term debt -€19,384
down €19,384 (-10.1%), from €192,820 to €173,436
- Gross operating margin +€87,848
up €87,848 (+12.8%), from €684,361 to €772,209
- Staff costs +€62,494
up €62,494 (+25.9%), from €240,837 to €303,331
- Financial income +€18,830
up €18,830 (+450%), from €4,181 to €23,011
- Depreciation +€8,827
up €8,827 (+4.6%), from €192,718 to €201,545
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 | €1,663,037 | €1,781,344 | +€118,307 | +7.1% |
| Fixed assets | 21/28 | €926,273 | €930,290 | +€4,017 | +0.4% |
| Intangible fixed assets | 21 | - | €3,061 | +€3,061 | |
| Tangible fixed assets | 22/27 | €926,273 | €927,229 | +€956 | +0.1% |
| Land and buildings | 22 | €516,553 | €471,165 | -€45,388 | -8.8% |
| Plant, machinery and equipment | 23 | €281,242 | €351,840 | +€70,597 | +25.1% |
| Furniture and vehicles | 24 | €104,241 | €64,626 | -€39,615 | -38.0% |
| Other tangible fixed assets | 26 | €24,237 | €39,598 | +€15,362 | +63.4% |
| Current assets | 29/58 | €736,765 | €851,054 | +€114,290 | +15.5% |
| Stocks and contracts in progress | 3 | €17,894 | €27,289 | +€9,395 | +52.5% |
| Stocks | 30/36 | €17,894 | €27,289 | +€9,395 | +52.5% |
| Amounts receivable within one year | 40/41 | €21,111 | €7,783 | -€13,329 | -63.1% |
| Trade receivables | 40 | - | €283 | +€283 | |
| Other amounts receivable | 41 | €21,111 | €7,500 | -€13,611 | -64.5% |
| Current investments | 50/53 | €105,919 | €469,322 | +€363,403 | +343% |
| Cash at bank and in hand | 54/58 | €589,469 | €345,304 | -€244,165 | -41.4% |
| Deferred charges and accrued income | 490/1 | €2,371 | €1,356 | -€1,015 | -42.8% |
| Total equity and liabilities | 10/49 | €1,663,037 | €1,781,344 | +€118,307 | +7.1% |
| Equity | 10/15 | €962,284 | €1,158,625 | +€196,340 | +20.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €943,684 | €1,140,025 | +€196,340 | +20.8% |
| Distributable reserves | 133 | €943,684 | €1,140,025 | +€196,340 | +20.8% |
| Amounts payable | 17/49 | €700,753 | €622,719 | -€78,033 | -11.1% |
| Amounts payable after more than one year | 17 | €377,033 | €324,283 | -€52,750 | -14.0% |
| Financial debts | 170/4 | €377,033 | €324,283 | -€52,750 | -14.0% |
| Amounts payable within one year | 42/48 | €323,720 | €296,480 | -€27,240 | -8.4% |
| Current portion of amounts payable after more than one year | 42 | €192,820 | €173,436 | -€19,384 | -10.1% |
| Trade debts | 44 | €52,291 | €21,108 | -€31,183 | -59.6% |
| Suppliers | 440/4 | €52,291 | €21,108 | -€31,183 | -59.6% |
| Taxes, remuneration and social security | 45 | €64,035 | €72,594 | +€8,559 | +13.4% |
| Taxes | 450/3 | €42,078 | €44,816 | +€2,738 | +6.5% |
| Remuneration and social security | 454/9 | €21,957 | €27,778 | +€5,821 | +26.5% |
| Other amounts payable | 47/48 | €14,574 | €29,342 | +€14,768 | +101% |
| Accrued charges and deferred income | 492/3 | - | €1,957 | +€1,957 | |
| Non-recurring operating income | 76A | - | €39,202 | +€39,202 | |
| Remuneration, social security and pensions | 62 | €240,837 | €303,331 | +€62,494 | +25.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €192,718 | €201,545 | +€8,827 | +4.6% |
| Other operating charges | 640/8 | €10,311 | €8,712 | -€1,600 | -15.5% |
| Non-recurring operating charges | 66A | - | €7,182 | +€7,182 | |
| Gross operating margin | 9900 | €684,361 | €772,209 | +€87,848 | +12.8% |
| Operating profit (loss) | 9901 | €240,495 | €251,439 | +€10,945 | +4.6% |
| Financial income | 75/76B | €4,181 | €23,011 | +€18,830 | +450% |
| Recurring financial income | 75 | €4,181 | €23,011 | +€18,830 | +450% |
| Financial charges | 65/66B | €14,238 | €21,787 | +€7,549 | +53.0% |
| Recurring financial charges | 65 | €14,238 | €21,787 | +€7,549 | +53.0% |
| Profit (loss) for the period before taxes | 9903 | €230,438 | €252,664 | +€22,226 | +9.6% |
| Income taxes | 67/77 | €58,928 | €56,324 | -€2,604 | -4.4% |
| Profit (loss) for the period | 9904 | €171,510 | €196,340 | +€24,830 | +14.5% |
| Profit (loss) for the period to be appropriated | 9905 | €171,510 | €196,340 | +€24,830 | +14.5% |
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 24 October 2026 via checked.be.