M. SNEBBOUT: 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
M. SNEBBOUT
NACE 08.990, Other mining and quarrying
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
-€84,847
2024 · -€86,622+€1,775
Equity
€160,276
2024 · €245,123-€84,847
Cash
€24,273
2024 · €66,289-€42,016
Balance sheet total
€854,076
2024 · €782,819+€71,257
Largest movements
Assets
- Current investments -€160,000
no longer reported in 2025 (was €160,000)
- Tangible fixed assets +€112,163
up €112,163 (+34.9%), from €321,704 to €433,867
of which Furniture and vehicles: +€88,214
- Stocks and contracts +€108,102
up €108,102 (+65.9%), from €164,095 to €272,197
- Cash -€42,016
down €42,016 (-63.4%), from €66,289 to €24,273
mainly Investment in fixed assets (net) (-€192,635) and Stocks and contracts (-€108,102)
- Receivables within one year +€35,227
up €35,227 (+61.0%), from €57,750 to €92,977
of which Other amounts receivable: +€27,163
Equity and liabilities
- Trade debts +€184,940
up €184,940 (+233%), from €79,226 to €264,166
- Other debts -€90,000
no longer reported in 2025 (was €90,000)
- Profit (loss) carried forward -€84,847
down €84,847 (-458%), from -€18,511 to -€103,358
- Debts after one year +€43,292
up €43,292 (+13.9%), from €310,778 to €354,070
- Accrued charges and deferred income +€10,900
up €10,900 (+252%), from €4,325 to €15,225
Income statement
- Turnover -€446,388
no longer reported in 2025 (was €446,388)
- Services and other goods -€241,174
no longer reported in 2025 (was €241,174)
- Goods and materials -€187,842
no longer reported in 2025 (was €187,842)
of which Purchases: -€292,412
- Gross operating margin +€84,033
new in 2025: €84,033
- Depreciation +€32,756
up €32,756 (+92.5%), from €35,402 to €68,158
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
-€86,622
Turnover
-€446,388
Other operating income
-€2,914
Goods and materials
+€187,842
Services and other goods
+€241,174
Staff costs
-€5,611
Depreciation
-€32,756
Write-downs
+€287
Other operating charges
-€5,325
Other operating items
+€80,262
Financial income
-€8,325
Financial charges
-€6,651
Taxes
+€180
Result 2025
-€84,847
raises the resultlowers the resultnot broken down further in the accounts
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
-€60,648
Investment
-€32,635
Financing
+€51,267
Cash 2024
€66,289
From operations (derived)
-€60,648
Net result for the year
-€84,847
Depreciation
+€68,158
Stocks and contracts
-€108,102
Receivables within one year
-€35,227
Deferred charges and accrued income
-€5,467
Trade debts
+€184,940
Tax, wage and social debts
-€1,003
Other debts
-€90,000
Accrued charges and deferred income
+€10,900
Investment (derived)
-€32,635
Investment in fixed assets (net)
-€192,635
Current investments
+€160,000
Financing
+€51,267
Debts after one year
+€43,292
Current portion of long-term debt
+€7,975
Cash 2025
€24,273
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €782,819 | €854,076 | +€71,257 | +9.1% |
| Fixed assets | 21/28 | €331,103 | €455,580 | +€124,477 | +37.6% |
| Intangible fixed assets | 21 | €9,399 | €21,713 | +€12,314 | +131% |
| Tangible fixed assets | 22/27 | €321,704 | €433,867 | +€112,163 | +34.9% |
| Land and buildings | 22 | €45,350 | €41,841 | -€3,509 | -7.7% |
| Plant, machinery and equipment | 23 | €121,325 | €180,908 | +€59,583 | +49.1% |
| Furniture and vehicles | 24 | €14,638 | €102,852 | +€88,214 | +603% |
| Leasing and similar rights | 25 | €139,057 | €107,569 | -€31,488 | -22.6% |
| Other tangible fixed assets | 26 | €1,334 | €697 | -€637 | -47.8% |
| Current assets | 29/58 | €451,716 | €398,496 | -€53,220 | -11.8% |
| Stocks and contracts in progress | 3 | €164,095 | €272,197 | +€108,102 | +65.9% |
| Stocks | 30/36 | €164,095 | €272,197 | +€108,102 | +65.9% |
| Raw materials and consumables | 30/31 | €164,095 | - | -€164,095 | |
| Amounts receivable within one year | 40/41 | €57,750 | €92,977 | +€35,227 | +61.0% |
| Trade receivables | 40 | €46,698 | €54,762 | +€8,064 | +17.3% |
| Other amounts receivable | 41 | €11,052 | €38,215 | +€27,163 | +246% |
| Current investments | 50/53 | €160,000 | - | -€160,000 | |
| Other investments | 51/53 | €160,000 | - | -€160,000 | |
| Cash at bank and in hand | 54/58 | €66,289 | €24,273 | -€42,016 | -63.4% |
| Deferred charges and accrued income | 490/1 | €3,582 | €9,049 | +€5,467 | +153% |
| Total equity and liabilities | 10/49 | €782,819 | €854,076 | +€71,257 | +9.1% |
| Equity | 10/15 | €245,123 | €160,276 | -€84,847 | -34.6% |
| Contributions | 10/11 | €200,000 | €200,000 | = | 0.0% |
| Capital | 10 | €200,000 | €200,000 | = | 0.0% |
| Issued capital | 100 | €200,000 | €200,000 | = | 0.0% |
| Reserves | 13 | €63,634 | €63,634 | = | 0.0% |
| Distributable reserves | 133 | €63,634 | €63,634 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€18,511 | -€103,358 | -€84,847 | -458% |
| Amounts payable | 17/49 | €537,696 | €693,800 | +€156,104 | +29.0% |
| Amounts payable after more than one year | 17 | €310,778 | €354,070 | +€43,292 | +13.9% |
| Financial debts | 170/4 | €310,778 | €354,070 | +€43,292 | +13.9% |
| Leasing and similar obligations | 172 | €109,512 | - | -€109,512 | |
| Credit institutions | 173 | €201,266 | - | -€201,266 | |
| Amounts payable within one year | 42/48 | €222,593 | €324,505 | +€101,912 | +45.8% |
| Current portion of amounts payable after more than one year | 42 | €38,733 | €46,708 | +€7,975 | +20.6% |
| Trade debts | 44 | €79,226 | €264,166 | +€184,940 | +233% |
| Suppliers | 440/4 | €79,226 | €264,166 | +€184,940 | +233% |
| Taxes, remuneration and social security | 45 | €14,634 | €13,631 | -€1,003 | -6.9% |
| Taxes | 450/3 | €1,662 | €1,723 | +€61 | +3.7% |
| Remuneration and social security | 454/9 | €12,972 | €11,908 | -€1,064 | -8.2% |
| Other amounts payable | 47/48 | €90,000 | - | -€90,000 | |
| Accrued charges and deferred income | 492/3 | €4,325 | €15,225 | +€10,900 | +252% |
| Operating income | 70/76A | €449,302 | - | -€449,302 | |
| Turnover | 70 | €446,388 | - | -€446,388 | |
| Other operating income | 74 | €2,914 | - | -€2,914 | |
| Operating charges | 60/66A | €536,320 | - | -€536,320 | |
| Goods for resale, raw materials and consumables | 60 | €187,842 | - | -€187,842 | |
| Purchases | 600/8 | €292,412 | - | -€292,412 | |
| Change in stocks: decrease (increase) | 609 | -€104,570 | - | +€104,570 | |
| Services and other goods | 61 | €241,174 | - | -€241,174 | |
| Remuneration, social security and pensions | 62 | €51,977 | €57,588 | +€5,611 | +10.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €35,402 | €68,158 | +€32,756 | +92.5% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €287 | - | -€287 | |
| Other operating charges | 640/8 | €19,638 | €24,963 | +€5,325 | +27.1% |
| Non-recurring operating charges | 66A | - | €3,771 | +€3,771 | |
| Gross operating margin | 9900 | - | €84,033 | +€84,033 | |
| Operating profit (loss) | 9901 | -€87,018 | -€70,447 | +€16,571 | +19.0% |
| Financial income | 75/76B | €9,894 | €1,569 | -€8,325 | -84.1% |
| Recurring financial income | 75 | €9,894 | €1,569 | -€8,325 | -84.1% |
| Income from current assets | 751 | €9,865 | - | -€9,865 | |
| Other financial income | 752/9 | €29 | - | -€29 | |
| Financial charges | 65/66B | €9,318 | €15,969 | +€6,651 | +71.4% |
| Recurring financial charges | 65 | €9,318 | €15,969 | +€6,651 | +71.4% |
| Debt charges | 650 | €8,737 | - | -€8,737 | |
| Other financial charges | 652/9 | €581 | - | -€581 | |
| Profit (loss) for the period before taxes | 9903 | -€86,442 | -€84,847 | +€1,595 | +1.8% |
| Income taxes | 67/77 | €180 | - | -€180 | |
| Taxes | 670/3 | €180 | - | -€180 | |
| Profit (loss) for the period | 9904 | -€86,622 | -€84,847 | +€1,775 | +2.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€86,622 | -€84,847 | +€1,775 | +2.0% |
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 18 October 2026 via checked.be.