Sneaking Belgium: 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.
Sneaking Belgium
Largest movements
- Tangible fixed assets +€16,021
up €16,021 (+224%), from €7,150 to €23,171
of which Leasing and similar rights: +€23,171
- Stocks and contracts -€8,056
down €8,056 (-13.0%), from €62,093 to €54,037
- Cash +€1,351
up €1,351 (+10.6%), from €12,710 to €14,061
mainly Advances received (+€20,241) and Debts after one year (+€15,044)
- Receivables within one year +€1,081
new in 2025: €1,081
- Advances received +€20,241
new in 2025: €20,241
- Debts after one year +€15,044
new in 2025: €15,044
- Reserves -€12,565
down €12,565 (-67.8%), from €18,532 to €5,967
- Tax, wage and social debts -€8,500
down €8,500 (-59.4%), from €14,311 to €5,811
- Current portion of long-term debt +€6,052
new in 2025: €6,052
- Gross operating margin -€25,612
down €25,612 (-87.3%), from €29,324 to €3,712
- Depreciation +€7,304
up €7,304 (+494%), from €1,480 to €8,784
- Taxes -€5,535
down €5,535 (-97.6%), from €5,673 to €138
- Other operating charges +€1,527
up €1,527 (+106%), from €1,435 to €2,962
- Financial charges +€599
up €599 (+27.0%), from €2,223 to €2,822
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 | €83,273 | €92,856 | +€9,582 | +11.5% |
| Fixed assets | 21/28 | €7,150 | €23,171 | +€16,021 | +224% |
| Tangible fixed assets | 22/27 | €7,150 | €23,171 | +€16,021 | +224% |
| Furniture and vehicles | 24 | €7,150 | €0 | -€7,150 | -100% |
| Leasing and similar rights | 25 | - | €23,171 | +€23,171 | |
| Current assets | 29/58 | €76,123 | €69,684 | -€6,438 | -8.5% |
| Stocks and contracts in progress | 3 | €62,093 | €54,037 | -€8,056 | -13.0% |
| Stocks | 30/36 | €62,093 | €54,037 | -€8,056 | -13.0% |
| Amounts receivable within one year | 40/41 | - | €1,081 | +€1,081 | |
| Other amounts receivable | 41 | - | €1,081 | +€1,081 | |
| Cash at bank and in hand | 54/58 | €12,710 | €14,061 | +€1,351 | +10.6% |
| Deferred charges and accrued income | 490/1 | €1,320 | €505 | -€815 | -61.7% |
| Total equity and liabilities | 10/49 | €83,273 | €92,856 | +€9,582 | +11.5% |
| Equity | 10/15 | €23,532 | €10,967 | -€12,565 | -53.4% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €18,532 | €5,967 | -€12,565 | -67.8% |
| Distributable reserves | 133 | €18,532 | €5,967 | -€12,565 | -67.8% |
| Amounts payable | 17/49 | €59,741 | €81,888 | +€22,147 | +37.1% |
| Amounts payable after more than one year | 17 | - | €15,044 | +€15,044 | |
| Financial debts | 170/4 | - | €15,044 | +€15,044 | |
| Amounts payable within one year | 42/48 | €59,741 | €66,780 | +€7,039 | +11.8% |
| Current portion of amounts payable after more than one year | 42 | - | €6,052 | +€6,052 | |
| Financial debts | 43 | €27,917 | €25,000 | -€2,917 | -10.4% |
| Credit institutions | 430/8 | €27,917 | €25,000 | -€2,917 | -10.4% |
| Trade debts | 44 | €4,656 | €693 | -€3,963 | -85.1% |
| Suppliers | 440/4 | €4,656 | €693 | -€3,963 | -85.1% |
| Advances received on contracts in progress | 46 | - | €20,241 | +€20,241 | |
| Taxes, remuneration and social security | 45 | €14,311 | €5,811 | -€8,500 | -59.4% |
| Taxes | 450/3 | €14,311 | €5,811 | -€8,500 | -59.4% |
| Other amounts payable | 47/48 | €12,858 | €8,985 | -€3,873 | -30.1% |
| Accrued charges and deferred income | 492/3 | - | €64 | +€64 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,480 | €8,784 | +€7,304 | +494% |
| Other operating charges | 640/8 | €1,435 | €2,962 | +€1,527 | +106% |
| Non-recurring operating charges | 66A | - | €1,572 | +€1,572 | |
| Gross operating margin | 9900 | €29,324 | €3,712 | -€25,612 | -87.3% |
| Operating profit (loss) | 9901 | €26,410 | -€9,605 | -€36,015 | |
| Financial income | 75/76B | €17 | €0 | -€17 | -99.9% |
| Recurring financial income | 75 | €17 | €0 | -€17 | -99.9% |
| Financial charges | 65/66B | €2,223 | €2,822 | +€599 | +27.0% |
| Recurring financial charges | 65 | €2,223 | €2,822 | +€599 | +27.0% |
| Profit (loss) for the period before taxes | 9903 | €24,204 | -€12,427 | -€36,631 | |
| Income taxes | 67/77 | €5,673 | €138 | -€5,535 | -97.6% |
| Profit (loss) for the period | 9904 | €18,532 | -€12,565 | -€31,096 | |
| Profit (loss) for the period to be appropriated | 9905 | €18,532 | -€12,565 | -€31,096 |
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 26 October 2026 via checked.be.