SNEESSENS: 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.
SNEESSENS
Largest movements
- Cash -€604,026
down €604,026 (-60.3%), from €1.0m to €397,837
mainly Other debts (-€517,823) and Current investments (-€250,000)
- Current investments +€250,000
new in 2025: €250,000
- Tangible fixed assets -€17,254
down €17,254 (-4.8%), from €358,721 to €341,466
of which Land and buildings: -€22,201
- Other debts -€517,823
down €517,823 (-86.1%), from €601,226 to €83,403
- Reserves +€118,852
up €118,852 (+24.8%), from €479,084 to €597,935
of which Distributable reserves: +€118,852
- Accrued charges and deferred income +€16,356
up €16,356 (+78.3%), from €20,876 to €37,232
- Gross operating margin +€47,207
up €47,207 (+28.1%), from €167,843 to €215,050
- Taxes +€17,605
up €17,605 (+45.8%), from €38,398 to €56,003
- Financial income +€5,547
up €5,547 (+102%), from €5,441 to €10,988
- Financial charges -€4,490
down €4,490 (-21.2%), from €21,160 to €16,669
- Other operating charges -€2,292
down €2,292 (-30.9%), from €7,413 to €5,121
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 | €1,370,960 | €990,034 | -€380,926 | -27.8% |
| Fixed assets | 21/28 | €358,856 | €341,601 | -€17,254 | -4.8% |
| Tangible fixed assets | 22/27 | €358,721 | €341,466 | -€17,254 | -4.8% |
| Land and buildings | 22 | €358,721 | €336,520 | -€22,201 | -6.2% |
| Plant, machinery and equipment | 23 | - | €4,946 | +€4,946 | |
| Financial fixed assets | 28 | €135 | €135 | = | 0.0% |
| Current assets | 29/58 | €1,012,104 | €648,432 | -€363,672 | -35.9% |
| Amounts receivable within one year | 40/41 | €2,595 | €595 | -€2,000 | -77.1% |
| Trade receivables | 40 | €1,899 | - | -€1,899 | |
| Other amounts receivable | 41 | €696 | €595 | -€101 | -14.5% |
| Current investments | 50/53 | - | €250,000 | +€250,000 | |
| Cash at bank and in hand | 54/58 | €1,001,863 | €397,837 | -€604,026 | -60.3% |
| Deferred charges and accrued income | 490/1 | €7,646 | - | -€7,646 | |
| Total equity and liabilities | 10/49 | €1,370,960 | €990,034 | -€380,926 | -27.8% |
| Equity | 10/15 | €725,298 | €842,484 | +€117,186 | +16.2% |
| Contributions | 10/11 | €61,500 | €61,500 | = | 0.0% |
| Capital | 10 | €61,500 | €61,500 | = | 0.0% |
| Issued capital | 100 | €61,500 | €61,500 | = | 0.0% |
| Reserves | 13 | €479,084 | €597,935 | +€118,852 | +24.8% |
| Non-distributable reserves | 130/1 | €13,584 | €13,584 | = | 0.0% |
| Legal reserve | 130 | €13,584 | €13,584 | = | 0.0% |
| Tax-exempt reserves | 132 | €155,500 | €155,500 | = | 0.0% |
| Distributable reserves | 133 | €310,000 | €428,852 | +€118,852 | +38.3% |
| Profit (loss) carried forward | 14 | €184,714 | €183,048 | -€1,666 | -0.9% |
| Amounts payable | 17/49 | €645,662 | €147,550 | -€498,112 | -77.1% |
| Amounts payable within one year | 42/48 | €624,786 | €110,318 | -€514,468 | -82.3% |
| Trade debts | 44 | €15,061 | €6,921 | -€8,139 | -54.0% |
| Suppliers | 440/4 | €15,061 | €6,921 | -€8,139 | -54.0% |
| Taxes, remuneration and social security | 45 | €8,500 | €19,994 | +€11,494 | +135% |
| Taxes | 450/3 | €8,500 | €19,994 | +€11,494 | +135% |
| Other amounts payable | 47/48 | €601,226 | €83,403 | -€517,823 | -86.1% |
| Accrued charges and deferred income | 492/3 | €20,876 | €37,232 | +€16,356 | +78.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €29,411 | €29,393 | -€18 | -0.1% |
| Other operating charges | 640/8 | €7,413 | €5,121 | -€2,292 | -30.9% |
| Gross operating margin | 9900 | €167,843 | €215,050 | +€47,207 | +28.1% |
| Operating profit (loss) | 9901 | €131,020 | €180,536 | +€49,516 | +37.8% |
| Financial income | 75/76B | €5,441 | €10,988 | +€5,547 | +102% |
| Recurring financial income | 75 | €5,441 | €10,988 | +€5,547 | +102% |
| Financial charges | 65/66B | €21,160 | €16,669 | -€4,490 | -21.2% |
| Recurring financial charges | 65 | €21,160 | €16,669 | -€4,490 | -21.2% |
| Profit (loss) for the period before taxes | 9903 | €115,301 | €174,855 | +€59,554 | +51.7% |
| Income taxes | 67/77 | €38,398 | €56,003 | +€17,605 | +45.8% |
| Profit (loss) for the period | 9904 | €76,903 | €118,852 | +€41,948 | +54.5% |
| Profit (loss) for the period to be appropriated | 9905 | €76,903 | €118,852 | +€41,948 | +54.5% |
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 15 October 2026 via checked.be.