SNAUWAERT: 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.
SNAUWAERT
Largest movements
- Receivables within one year -€82,791
down €82,791 (-18.6%), from €445,273 to €362,482
of which Trade receivables: -€82,791
- Tangible fixed assets +€79,570
up €79,570 (+19.6%), from €404,993 to €484,563
of which Furniture and vehicles: +€79,492
- Cash +€65,391
up €65,391 (+17.1%), from €382,011 to €447,402
mainly Net result for the year (+€327,323) and Depreciation (+€134,912)
- Reserves +€133,589
up €133,589 (+5.3%), from €2.5m to €2.6m
of which Distributable reserves: +€133,589
- Trade debts -€37,453
down €37,453 (-67.4%), from €55,604 to €18,151
- Tax, wage and social debts -€28,719
down €28,719 (-36.2%), from €79,373 to €50,654
of which Taxes: -€30,679
- Gross operating margin +€68,056
up €68,056 (+8.2%), from €834,356 to €902,412
- Staff costs +€25,503
up €25,503 (+9.7%), from €264,062 to €289,565
- Other operating charges +€19,232
up €19,232 (+32.0%), from €60,165 to €79,398
- Depreciation +€14,204
up €14,204 (+11.8%), from €120,708 to €134,912
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 | €2,798,380 | €2,863,401 | +€65,021 | +2.3% |
| Fixed assets | 21/28 | €1,356,708 | €1,441,278 | +€84,570 | +6.2% |
| Tangible fixed assets | 22/27 | €404,993 | €484,563 | +€79,570 | +19.6% |
| Plant, machinery and equipment | 23 | €4,098 | €4,175 | +€77 | +1.9% |
| Furniture and vehicles | 24 | €400,895 | €480,388 | +€79,492 | +19.8% |
| Financial fixed assets | 28 | €951,715 | €956,715 | +€5,000 | +0.5% |
| Current assets | 29/58 | €1,441,672 | €1,422,123 | -€19,549 | -1.4% |
| Amounts receivable within one year | 40/41 | €445,273 | €362,482 | -€82,791 | -18.6% |
| Trade receivables | 40 | €445,211 | €362,420 | -€82,791 | -18.6% |
| Other amounts receivable | 41 | €62 | €62 | = | 0.0% |
| Current investments | 50/53 | €600,000 | €600,000 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €382,011 | €447,402 | +€65,391 | +17.1% |
| Deferred charges and accrued income | 490/1 | €14,388 | €12,240 | -€2,148 | -14.9% |
| Total equity and liabilities | 10/49 | €2,798,380 | €2,863,401 | +€65,021 | +2.3% |
| Equity | 10/15 | €2,657,859 | €2,791,448 | +€133,589 | +5.0% |
| Contributions | 10/11 | €143,000 | €143,000 | = | 0.0% |
| Capital | 10 | €143,000 | €143,000 | = | 0.0% |
| Issued capital | 100 | €143,000 | €143,000 | = | 0.0% |
| Reserves | 13 | €2,514,859 | €2,648,448 | +€133,589 | +5.3% |
| Non-distributable reserves | 130/1 | €18,000 | €18,000 | = | 0.0% |
| Legal reserve | 130 | €18,000 | €18,000 | = | 0.0% |
| Tax-exempt reserves | 132 | €76,663 | €76,663 | = | 0.0% |
| Distributable reserves | 133 | €2,420,196 | €2,553,785 | +€133,589 | +5.5% |
| Amounts payable | 17/49 | €140,521 | €71,953 | -€68,569 | -48.8% |
| Amounts payable within one year | 42/48 | €140,195 | €71,632 | -€68,563 | -48.9% |
| Trade debts | 44 | €55,604 | €18,151 | -€37,453 | -67.4% |
| Suppliers | 440/4 | €55,604 | €18,151 | -€37,453 | -67.4% |
| Taxes, remuneration and social security | 45 | €79,373 | €50,654 | -€28,719 | -36.2% |
| Taxes | 450/3 | €60,976 | €30,297 | -€30,679 | -50.3% |
| Remuneration and social security | 454/9 | €18,397 | €20,357 | +€1,960 | +10.7% |
| Other amounts payable | 47/48 | €5,219 | €2,827 | -€2,392 | -45.8% |
| Accrued charges and deferred income | 492/3 | €326 | €320 | -€6 | -1.7% |
| Non-recurring operating income | 76A | €70,000 | €27,000 | -€43,000 | -61.4% |
| Remuneration, social security and pensions | 62 | €264,062 | €289,565 | +€25,503 | +9.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €120,708 | €134,912 | +€14,204 | +11.8% |
| Other operating charges | 640/8 | €60,165 | €79,398 | +€19,232 | +32.0% |
| Gross operating margin | 9900 | €834,356 | €902,412 | +€68,056 | +8.2% |
| Operating profit (loss) | 9901 | €389,421 | €398,538 | +€9,117 | +2.3% |
| Financial income | 75/76B | €46,696 | €52,341 | +€5,645 | +12.1% |
| Recurring financial income | 75 | €46,696 | €52,341 | +€5,645 | +12.1% |
| Financial charges | 65/66B | €1,212 | €454 | -€758 | -62.6% |
| Recurring financial charges | 65 | €1,212 | €454 | -€758 | -62.6% |
| Profit (loss) for the period before taxes | 9903 | €434,905 | €450,424 | +€15,520 | +3.6% |
| Income taxes | 67/77 | €121,771 | €123,101 | +€1,331 | +1.1% |
| Profit (loss) for the period | 9904 | €313,134 | €327,323 | +€14,189 | +4.5% |
| Profit (loss) for the period to be appropriated | 9905 | €313,134 | €327,323 | +€14,189 | +4.5% |
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 18 October 2026 via checked.be.