HENRI SNOECK: 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.
What changed
HENRI SNOECK
NACE 25.530, Machining of metals
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€124
2024 · -€45,259+€45,383
Equity
€721,178
2024 · €723,761-€2,583
Cash
€500,896
2024 · €498,094+€2,802
Balance sheet total
€869,011
2024 · €881,666-€12,655
Largest movements
Assets
- Tangible fixed assets -€14,654
down €14,654 (-13.0%), from €112,676 to €98,022
of which Land and buildings: -€13,821
Equity and liabilities
- Other debts -€10,331
down €10,331 (-6.6%), from €156,633 to €146,302
Income statement
- Gross operating margin +€44,274
up €44,274, from -€30,723 to €13,551
- Taxes -€3,551
no longer reported in 2025 (was €3,551)
- Financial income -€2,303
down €2,303 (-40.4%), from €5,706 to €3,403
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.
Result 2024
-€45,259
Gross operating margin
+€44,274
Depreciation
-€184
Other operating charges
+€54
Financial income
-€2,303
Financial charges
-€9
Taxes
+€3,551
Result 2025
€124
raises the resultlowers the result
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.
From operations
+€5,509
Investment
€0
Financing
-€2,707
Cash 2024
€498,094
From operations (derived)
+€5,509
Net result for the year
+€124
Depreciation
+€14,654
Stocks and contracts
+€53
Receivables within one year
+€1,941
Deferred charges and accrued income
-€1,191
Trade debts
-€1,272
Tax, wage and social debts
+€1,531
Other debts
-€10,331
Financing
-€2,707
Contributions, distributions and other
-€2,707
Cash 2025
€500,896
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €881,666 | €869,011 | -€12,655 | -1.4% |
| Fixed assets | 21/28 | €355,403 | €340,749 | -€14,654 | -4.1% |
| Tangible fixed assets | 22/27 | €112,676 | €98,022 | -€14,654 | -13.0% |
| Land and buildings | 22 | €111,176 | €97,355 | -€13,821 | -12.4% |
| Plant, machinery and equipment | 23 | €1,500 | €667 | -€833 | -55.5% |
| Financial fixed assets | 28 | €242,727 | €242,727 | = | 0.0% |
| Current assets | 29/58 | €526,263 | €528,262 | +€1,999 | +0.4% |
| Stocks and contracts in progress | 3 | €12,553 | €12,500 | -€53 | -0.4% |
| Stocks | 30/36 | €12,553 | €12,500 | -€53 | -0.4% |
| Amounts receivable within one year | 40/41 | €15,616 | €13,675 | -€1,941 | -12.4% |
| Trade receivables | 40 | €8,723 | €13,225 | +€4,502 | +51.6% |
| Other amounts receivable | 41 | €6,893 | €450 | -€6,443 | -93.5% |
| Cash at bank and in hand | 54/58 | €498,094 | €500,896 | +€2,802 | +0.6% |
| Deferred charges and accrued income | 490/1 | - | €1,191 | +€1,191 | |
| Total equity and liabilities | 10/49 | €881,666 | €869,011 | -€12,655 | -1.4% |
| Equity | 10/15 | €723,761 | €721,178 | -€2,583 | -0.4% |
| Contributions | 10/11 | €333,489 | €333,489 | = | 0.0% |
| Reserves | 13 | €425,079 | €425,079 | = | 0.0% |
| Non-distributable reserves | 130/1 | €37,479 | €37,479 | = | 0.0% |
| Reserves not available under the articles | 1311 | €37,479 | €37,479 | = | 0.0% |
| Distributable reserves | 133 | €387,600 | €387,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€44,229 | -€44,105 | +€124 | +0.3% |
| Investment grants | 15 | €9,422 | €6,715 | -€2,707 | -28.7% |
| Amounts payable | 17/49 | €157,905 | €147,833 | -€10,072 | -6.4% |
| Amounts payable within one year | 42/48 | €157,905 | €147,833 | -€10,072 | -6.4% |
| Trade debts | 44 | €1,272 | - | -€1,272 | |
| Suppliers | 440/4 | €1,272 | - | -€1,272 | |
| Taxes, remuneration and social security | 45 | - | €1,531 | +€1,531 | |
| Taxes | 450/3 | - | €1,531 | +€1,531 | |
| Other amounts payable | 47/48 | €156,633 | €146,302 | -€10,331 | -6.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,470 | €14,654 | +€184 | +1.3% |
| Other operating charges | 640/8 | €1,688 | €1,634 | -€54 | -3.2% |
| Gross operating margin | 9900 | -€30,723 | €13,551 | +€44,274 | |
| Operating profit (loss) | 9901 | -€46,881 | -€2,737 | +€44,144 | +94.2% |
| Financial income | 75/76B | €5,706 | €3,403 | -€2,303 | -40.4% |
| Recurring financial income | 75 | €5,706 | €3,403 | -€2,303 | -40.4% |
| Financial charges | 65/66B | €533 | €542 | +€9 | +1.7% |
| Recurring financial charges | 65 | €533 | €542 | +€9 | +1.7% |
| Profit (loss) for the period before taxes | 9903 | -€41,708 | €124 | +€41,832 | |
| Income taxes | 67/77 | €3,551 | - | -€3,551 | |
| Profit (loss) for the period | 9904 | -€45,259 | €124 | +€45,383 | |
| Profit (loss) for the period to be appropriated | 9905 | -€45,259 | €124 | +€45,383 |
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 26 October 2026 via checked.be.