SNAUWAERT PROJECTS: 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 PROJECTS
Largest movements
- Receivables within one year +€10,022
up €10,022 (+66.6%), from €15,055 to €25,077
of which Trade receivables: +€11,461
- Tangible fixed assets -€6,190
down €6,190 (-50.3%), from €12,305 to €6,116
of which Plant, machinery and equipment: -€3,586
- Deferred charges and accrued income +€4,243
up €4,243 (+654%), from €649 to €4,892
- Cash +€1,347
up €1,347 (+85.6%), from €1,573 to €2,920
mainly Depreciation (+€8,700) and Tax, wage and social debts (+€4,132)
- Intangible fixed assets -€600
down €600 (-85.7%), from €700 to €100
- Tax, wage and social debts +€4,132
up €4,132 (+356%), from €1,161 to €5,293
- Other debts +€3,111
up €3,111 (+10.5%), from €29,704 to €32,815
- Trade debts +€2,544
up €2,544 (+14.7%), from €17,322 to €19,866
- Profit (loss) carried forward -€2,541
down €2,541 (-8.5%), from -€29,828 to -€32,369
- Advances received +€1,575
up €1,575 (+81.8%), from €1,925 to €3,500
- Staff costs -€55,848
no longer reported in 2025 (was €55,848)
- Gross operating margin -€21,210
down €21,210 (-77.2%), from €27,488 to €6,277
- Taxes -€3,029
no longer reported in 2025 (was €3,029)
- Other operating charges +€1,324
up €1,324 (+297%), from €445 to €1,768
- Financial income +€501
up €501 (+39.2%), from €1,277 to €1,777
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 | €30,283 | €39,104 | +€8,822 | +29.1% |
| Fixed assets | 21/28 | €13,005 | €6,216 | -€6,790 | -52.2% |
| Intangible fixed assets | 21 | €700 | €100 | -€600 | -85.7% |
| Tangible fixed assets | 22/27 | €12,305 | €6,116 | -€6,190 | -50.3% |
| Plant, machinery and equipment | 23 | €6,747 | €3,162 | -€3,586 | -53.1% |
| Furniture and vehicles | 24 | €5,558 | €2,954 | -€2,604 | -46.9% |
| Current assets | 29/58 | €17,277 | €32,889 | +€15,612 | +90.4% |
| Amounts receivable within one year | 40/41 | €15,055 | €25,077 | +€10,022 | +66.6% |
| Trade receivables | 40 | €13,616 | €25,077 | +€11,461 | +84.2% |
| Other amounts receivable | 41 | €1,439 | - | -€1,439 | |
| Cash at bank and in hand | 54/58 | €1,573 | €2,920 | +€1,347 | +85.6% |
| Deferred charges and accrued income | 490/1 | €649 | €4,892 | +€4,243 | +654% |
| Total equity and liabilities | 10/49 | €30,283 | €39,104 | +€8,822 | +29.1% |
| Equity | 10/15 | -€19,828 | -€22,369 | -€2,541 | -12.8% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€29,828 | -€32,369 | -€2,541 | -8.5% |
| Amounts payable | 17/49 | €50,111 | €61,474 | +€11,363 | +22.7% |
| Amounts payable within one year | 42/48 | €50,111 | €61,474 | +€11,363 | +22.7% |
| Trade debts | 44 | €17,322 | €19,866 | +€2,544 | +14.7% |
| Suppliers | 440/4 | €17,322 | €19,866 | +€2,544 | +14.7% |
| Advances received on contracts in progress | 46 | €1,925 | €3,500 | +€1,575 | +81.8% |
| Taxes, remuneration and social security | 45 | €1,161 | €5,293 | +€4,132 | +356% |
| Taxes | 450/3 | €1,161 | €5,293 | +€4,132 | +356% |
| Other amounts payable | 47/48 | €29,704 | €32,815 | +€3,111 | +10.5% |
| Remuneration, social security and pensions | 62 | €55,848 | - | -€55,848 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,485 | €8,700 | +€216 | +2.5% |
| Other operating charges | 640/8 | €445 | €1,768 | +€1,324 | +297% |
| Gross operating margin | 9900 | €27,488 | €6,277 | -€21,210 | -77.2% |
| Operating profit (loss) | 9901 | -€37,290 | -€4,191 | +€33,099 | +88.8% |
| Financial income | 75/76B | €1,277 | €1,777 | +€501 | +39.2% |
| Recurring financial income | 75 | €1,277 | €1,777 | +€501 | +39.2% |
| Financial charges | 65/66B | €178 | €127 | -€51 | -28.7% |
| Recurring financial charges | 65 | €178 | €127 | -€51 | -28.7% |
| Profit (loss) for the period before taxes | 9903 | -€36,191 | -€2,541 | +€33,650 | +93.0% |
| Income taxes | 67/77 | €3,029 | - | -€3,029 | |
| Profit (loss) for the period | 9904 | -€39,220 | -€2,541 | +€36,679 | +93.5% |
| Profit (loss) for the period to be appropriated | 9905 | -€39,220 | -€2,541 | +€36,679 | +93.5% |
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 23 October 2026 via checked.be.