IPS - Snoecks: 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.
IPS - Snoecks
Largest movements
- Current investments -€2.0m
down €2.0m (-49.4%), from €4.2m to €2.1m
- Receivables within one year +€368,727
up €368,727 (+72.7%), from €506,973 to €875,700
of which Other amounts receivable: +€341,781
- Cash +€87,578
up €87,578 (+108%), from €81,063 to €168,641
mainly Current investments (+€2.0m) and Net result for the year (+€793,184)
- Other debts -€2.5m
down €2.5m (-49.3%), from €5.0m to €2.5m
- Reserves +€791,583
up €791,583 (+117%), from €675,388 to €1.5m
of which Distributable reserves: +€790,000
- Financial income +€724,435
up €724,435 (+240%), from €301,861 to €1.0m
- Gross operating margin -€120,754
down €120,754 (-40.0%), from €301,770 to €181,015
- Financial charges +€60,779
up €60,779 (+190%), from €32,069 to €92,848
- Staff costs -€8,108
down €8,108 (-4.1%), from €196,336 to €188,228
- Depreciation -€3,769
down €3,769 (-3.2%), from €118,351 to €114,582
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 | €7,077,049 | €5,461,353 | -€1.6m | -22.8% |
| Fixed assets | 21/28 | €2,318,187 | €2,295,103 | -€23,084 | -1.0% |
| Intangible fixed assets | 21 | €57,000 | €47,715 | -€9,285 | -16.3% |
| Tangible fixed assets | 22/27 | €1,005,617 | €991,818 | -€13,799 | -1.4% |
| Land and buildings | 22 | €803,798 | €816,453 | +€12,655 | +1.6% |
| Plant, machinery and equipment | 23 | €16,758 | €22,949 | +€6,191 | +36.9% |
| Furniture and vehicles | 24 | €89,363 | €86,721 | -€2,642 | -3.0% |
| Other tangible fixed assets | 26 | €95,698 | €65,695 | -€30,003 | -31.4% |
| Financial fixed assets | 28 | €1,255,570 | €1,255,570 | = | 0.0% |
| Current assets | 29/58 | €4,758,862 | €3,166,250 | -€1.6m | -33.5% |
| Amounts receivable after more than one year | 29 | €16,000 | €16,000 | = | 0.0% |
| Other amounts receivable | 291 | €16,000 | €16,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €506,973 | €875,700 | +€368,727 | +72.7% |
| Trade receivables | 40 | €137,340 | €164,286 | +€26,946 | +19.6% |
| Other amounts receivable | 41 | €369,633 | €711,414 | +€341,781 | +92.5% |
| Current investments | 50/53 | €4,153,144 | €2,103,215 | -€2.0m | -49.4% |
| Cash at bank and in hand | 54/58 | €81,063 | €168,641 | +€87,578 | +108% |
| Deferred charges and accrued income | 490/1 | €1,682 | €2,695 | +€1,013 | +60.2% |
| Total equity and liabilities | 10/49 | €7,077,049 | €5,461,353 | -€1.6m | -22.8% |
| Equity | 10/15 | €1,746,599 | €2,539,783 | +€793,184 | +45.4% |
| Contributions | 10/11 | €1,062,000 | €1,062,000 | = | 0.0% |
| Capital | 10 | €1,062,000 | €1,062,000 | = | 0.0% |
| Issued capital | 100 | €1,062,000 | €1,062,000 | = | 0.0% |
| Reserves | 13 | €675,388 | €1,466,970 | +€791,583 | +117% |
| Non-distributable reserves | 130/1 | €104,617 | €106,200 | +€1,583 | +1.5% |
| Legal reserve | 130 | €104,617 | €106,200 | +€1,583 | +1.5% |
| Distributable reserves | 133 | €570,770 | €1,360,770 | +€790,000 | +138% |
| Profit (loss) carried forward | 14 | €9,212 | €10,813 | +€1,601 | +17.4% |
| Amounts payable | 17/49 | €5,330,450 | €2,921,570 | -€2.4m | -45.2% |
| Amounts payable within one year | 42/48 | €5,249,208 | €2,838,791 | -€2.4m | -45.9% |
| Trade debts | 44 | €221,964 | €270,721 | +€48,758 | +22.0% |
| Suppliers | 440/4 | €221,964 | €270,721 | +€48,758 | +22.0% |
| Taxes, remuneration and social security | 45 | €39,900 | €40,135 | +€235 | +0.6% |
| Taxes | 450/3 | €7,341 | €10,840 | +€3,499 | +47.7% |
| Remuneration and social security | 454/9 | €32,559 | €29,295 | -€3,264 | -10.0% |
| Other amounts payable | 47/48 | €4,987,344 | €2,527,934 | -€2.5m | -49.3% |
| Accrued charges and deferred income | 492/3 | €81,242 | €82,780 | +€1,538 | +1.9% |
| Non-recurring operating income | 76A | €38,500 | €440 | -€38,060 | -98.9% |
| Remuneration, social security and pensions | 62 | €196,336 | €188,228 | -€8,108 | -4.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €118,351 | €114,582 | -€3,769 | -3.2% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €605 | +€605 | |
| Other operating charges | 640/8 | €17,213 | €17,864 | +€651 | +3.8% |
| Non-recurring operating charges | 66A | €865 | €0 | -€865 | -100% |
| Gross operating margin | 9900 | €301,770 | €181,015 | -€120,754 | -40.0% |
| Operating profit (loss) | 9901 | -€30,996 | -€140,264 | -€109,268 | -353% |
| Financial income | 75/76B | €301,861 | €1,026,295 | +€724,435 | +240% |
| Recurring financial income | 75 | €301,861 | €1,026,295 | +€724,435 | +240% |
| Financial charges | 65/66B | €32,069 | €92,848 | +€60,779 | +190% |
| Recurring financial charges | 65 | €32,069 | €92,848 | +€60,779 | +190% |
| Profit (loss) for the period before taxes | 9903 | €238,796 | €793,184 | +€554,387 | +232% |
| Income taxes | 67/77 | -€122 | €0 | +€122 | |
| Profit (loss) for the period | 9904 | €238,918 | €793,184 | +€554,266 | +232% |
| Profit (loss) for the period to be appropriated | 9905 | €238,918 | €793,184 | +€554,266 | +232% |
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 27 October 2026 via checked.be.