SNAET: 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.
SNAET
Largest movements
- Cash -€225,825
down €225,825 (-55.4%), from €407,260 to €181,435
mainly Receivables within one year (-€130,155) and Current investments (-€100,000)
- Receivables within one year +€130,155
up €130,155 (+211.8%), from €61,458 to €191,613
of which Other amounts receivable: +€150,475
- Current investments +€100,000
new in 2025: €100,000
- Tangible fixed assets -€20,388
down €20,388 (-10.4%), from €196,806 to €176,418
of which Plant, machinery and equipment: -€21,875
- Receivables after one year -€15,000
down €15,000 (-100.0%), from €15,000 to €0
- Debts after one year -€34,390
down €34,390 (-49.9%), from €68,986 to €34,596
- Reserves -€23,342
down €23,342 (-5.0%), from €466,066 to €442,725
- Tax, wage and social debts +€13,580
up €13,580 (+26.6%), from €51,052 to €64,632
of which Remuneration and social security: +€15,180
- Trade debts +€8,404
up €8,404 (+10.5%), from €80,276 to €88,680
- Advances received +€7,500
new in 2025: €7,500
- Staff costs +€37,499
up €37,499 (+10.9%), from €344,322 to €381,821
- Taxes -€10,696
down €10,696 (-36.0%), from €29,704 to €19,008
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.
Cash bridge derived
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 | €730,381 | €704,287 | -€26,094 | -3.6% |
| Fixed assets | 21/28 | €198,681 | €178,043 | -€20,638 | -10.4% |
| Intangible fixed assets | 21 | €1,875 | €1,375 | -€500 | -26.7% |
| Tangible fixed assets | 22/27 | €196,806 | €176,418 | -€20,388 | -10.4% |
| Land and buildings | 22 | €92,181 | €74,577 | -€17,603 | -19.1% |
| Plant, machinery and equipment | 23 | €101,514 | €79,639 | -€21,875 | -21.5% |
| Furniture and vehicles | 24 | €3,112 | €22,202 | +€19,090 | +613.5% |
| Financial fixed assets | 28 | - | €250 | +€250 | |
| Current assets | 29/58 | €531,700 | €526,244 | -€5,456 | -1.0% |
| Amounts receivable after more than one year | 29 | €15,000 | €0 | -€15,000 | -100.0% |
| Other amounts receivable | 291 | €15,000 | €0 | -€15,000 | -100.0% |
| Stocks and contracts in progress | 3 | €37,707 | €40,928 | +€3,221 | +8.5% |
| Stocks | 30/36 | €37,707 | €40,928 | +€3,221 | +8.5% |
| Amounts receivable within one year | 40/41 | €61,458 | €191,613 | +€130,155 | +211.8% |
| Trade receivables | 40 | €26,202 | €5,882 | -€20,320 | -77.6% |
| Other amounts receivable | 41 | €35,256 | €185,731 | +€150,475 | +426.8% |
| Current investments | 50/53 | - | €100,000 | +€100,000 | |
| Cash at bank and in hand | 54/58 | €407,260 | €181,435 | -€225,825 | -55.4% |
| Deferred charges and accrued income | 490/1 | €10,276 | €12,268 | +€1,992 | +19.4% |
| Total equity and liabilities | 10/49 | €730,381 | €704,287 | -€26,094 | -3.6% |
| Equity | 10/15 | €491,066 | €467,725 | -€23,342 | -4.8% |
| Contributions | 10/11 | €25,000 | €25,000 | = | 0.0% |
| Reserves | 13 | €466,066 | €442,725 | -€23,342 | -5.0% |
| Distributable reserves | 133 | €466,066 | €442,725 | -€23,342 | -5.0% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €239,315 | €236,563 | -€2,752 | -1.2% |
| Amounts payable after more than one year | 17 | €68,986 | €34,596 | -€34,390 | -49.9% |
| Financial debts | 170/4 | €68,986 | €34,596 | -€34,390 | -49.9% |
| Amounts payable within one year | 42/48 | €170,329 | €201,967 | +€31,638 | +18.6% |
| Current portion of amounts payable after more than one year | 42 | €39,001 | €34,390 | -€4,611 | -11.8% |
| Financial debts | 43 | - | €6,765 | +€6,765 | |
| Credit institutions | 430/8 | - | €6,765 | +€6,765 | |
| Trade debts | 44 | €80,276 | €88,680 | +€8,404 | +10.5% |
| Suppliers | 440/4 | €80,276 | €88,680 | +€8,404 | +10.5% |
| Advances received on contracts in progress | 46 | - | €7,500 | +€7,500 | |
| Taxes, remuneration and social security | 45 | €51,052 | €64,632 | +€13,580 | +26.6% |
| Taxes | 450/3 | €16,663 | €15,064 | -€1,600 | -9.6% |
| Remuneration and social security | 454/9 | €34,388 | €49,569 | +€15,180 | +44.1% |
| Remuneration, social security and pensions | 62 | €344,322 | €381,821 | +€37,499 | +10.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €51,547 | €51,036 | -€510 | -1.0% |
| Other operating charges | 640/8 | €1,512 | €1,089 | -€423 | -28.0% |
| Gross operating margin | 9900 | €515,398 | €512,784 | -€2,614 | -0.5% |
| Operating profit (loss) | 9901 | €118,017 | €78,837 | -€39,180 | -33.2% |
| Financial income | 75/76B | €3,716 | €3,359 | -€356 | -9.6% |
| Recurring financial income | 75 | €3,716 | €3,359 | -€356 | -9.6% |
| Financial charges | 65/66B | €13,143 | €11,960 | -€1,183 | -9.0% |
| Recurring financial charges | 65 | €13,143 | €11,960 | -€1,183 | -9.0% |
| Profit (loss) for the period before taxes | 9903 | €108,590 | €70,237 | -€38,353 | -35.3% |
| Income taxes | 67/77 | €29,704 | €19,008 | -€10,696 | -36.0% |
| Profit (loss) for the period | 9904 | €78,887 | €51,229 | -€27,657 | -35.1% |
| Profit (loss) for the period to be appropriated | 9905 | €78,887 | €51,229 | -€27,657 | -35.1% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 10 October 2026 via checked.be.