SNELBOUWER: 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.
SNELBOUWER
Largest movements
- Tangible fixed assets +€251,429
up €251,429 (+24.3%), from €1.0m to €1.3m
of which Assets under construction and advance payments: +€277,000
- Cash -€82,810
down €82,810 (-48.2%), from €171,642 to €88,832
mainly Investment in fixed assets (net) (-€277,000) and Debts after one year (-€61,333)
- Other debts +€200,000
up €200,000 (+57.0%), from €350,909 to €550,909
- Debts after one year -€61,333
down €61,333 (-8.0%), from €764,889 to €703,556
- Reserves +€32,756
up €32,756 (+175%), from €18,709 to €51,464
- Financial charges -€10,933
down €10,933 (-25.5%), from €42,935 to €32,001
- Depreciation -€9,491
down €9,491 (-27.1%), from €35,062 to €25,571
- Taxes +€6,416
up €6,416 (+133%), from €4,833 to €11,249
- Gross operating margin +€5,168
up €5,168 (+5.2%), from €99,654 to €104,823
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 | €1,213,616 | €1,382,344 | +€168,727 | +13.9% |
| Fixed assets | 21/28 | €1,032,961 | €1,284,390 | +€251,429 | +24.3% |
| Tangible fixed assets | 22/27 | €1,032,961 | €1,284,390 | +€251,429 | +24.3% |
| Land and buildings | 22 | €1,032,961 | €1,007,390 | -€25,571 | -2.5% |
| Assets under construction and advance payments | 27 | - | €277,000 | +€277,000 | |
| Current assets | 29/58 | €180,655 | €97,954 | -€82,701 | -45.8% |
| Amounts receivable within one year | 40/41 | - | €9,122 | +€9,122 | |
| Trade receivables | 40 | - | €9,122 | +€9,122 | |
| Cash at bank and in hand | 54/58 | €171,642 | €88,832 | -€82,810 | -48.2% |
| Deferred charges and accrued income | 490/1 | €9,013 | - | -€9,013 | |
| Total equity and liabilities | 10/49 | €1,213,616 | €1,382,344 | +€168,727 | +13.9% |
| Equity | 10/15 | €28,709 | €61,464 | +€32,756 | +114% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Reserves | 13 | €18,709 | €51,464 | +€32,756 | +175% |
| Distributable reserves | 133 | €18,709 | €51,464 | +€32,756 | +175% |
| Amounts payable | 17/49 | €1,184,908 | €1,320,879 | +€135,972 | +11.5% |
| Amounts payable after more than one year | 17 | €764,889 | €703,556 | -€61,333 | -8.0% |
| Financial debts | 170/4 | €764,889 | €703,556 | -€61,333 | -8.0% |
| Amounts payable within one year | 42/48 | €420,019 | €617,324 | +€197,305 | +47.0% |
| Current portion of amounts payable after more than one year | 42 | €61,333 | €61,333 | = | 0.0% |
| Trade debts | 44 | €1,540 | - | -€1,540 | |
| Suppliers | 440/4 | €1,540 | - | -€1,540 | |
| Taxes, remuneration and social security | 45 | €6,236 | €5,081 | -€1,155 | -18.5% |
| Taxes | 450/3 | €6,236 | €5,081 | -€1,155 | -18.5% |
| Other amounts payable | 47/48 | €350,909 | €550,909 | +€200,000 | +57.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €35,062 | €25,571 | -€9,491 | -27.1% |
| Other operating charges | 640/8 | €2,327 | €3,246 | +€919 | +39.5% |
| Gross operating margin | 9900 | €99,654 | €104,823 | +€5,168 | +5.2% |
| Operating profit (loss) | 9901 | €62,265 | €76,005 | +€13,740 | +22.1% |
| Financial income | 75/76B | - | €1 | +€1 | |
| Recurring financial income | 75 | - | €1 | +€1 | |
| Financial charges | 65/66B | €42,935 | €32,001 | -€10,933 | -25.5% |
| Recurring financial charges | 65 | €42,935 | €32,001 | -€10,933 | -25.5% |
| Profit (loss) for the period before taxes | 9903 | €19,331 | €44,004 | +€24,673 | +128% |
| Income taxes | 67/77 | €4,833 | €11,249 | +€6,416 | +133% |
| Profit (loss) for the period | 9904 | €14,498 | €32,756 | +€18,257 | +126% |
| Profit (loss) for the period to be appropriated | 9905 | €14,498 | €32,756 | +€18,257 | +126% |
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 25 October 2026 via checked.be.