Snelders K: 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.
Snelders K
Largest movements
- Cash -€10,755
down €10,755 (-36.9%), from €29,123 to €18,369
mainly Debts after one year (-€77,143) and Investment in fixed assets (net) (-€2,156)
- Receivables within one year -€7,217
down €7,217 (-30.7%), from €23,470 to €16,253
of which Other amounts receivable: -€13,872
- Debts after one year -€77,143
down €77,143 (-16.7%), from €462,857 to €385,714
- Reserves +€45,571
up €45,571 (+132%), from €34,442 to €80,013
- Tax, wage and social debts +€8,199
up €8,199 (+264%), from €3,103 to €11,302
- Gross operating margin +€39,473
up €39,473 (+907%), from €4,352 to €43,825
- Financial charges +€22,264
up €22,264 (+1,278%), from €1,742 to €24,006
- Taxes +€8,678
up €8,678 (+385%), from €2,251 to €10,929
- Financial income +€1,500
up €1,500 (+3.9%), from €38,500 to €40,000
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 | €596,145 | €578,232 | -€17,913 | -3.0% |
| Fixed assets | 21/28 | €542,982 | €542,808 | -€174 | 0.0% |
| Tangible fixed assets | 22/27 | €2,974 | €2,800 | -€174 | -5.9% |
| Plant, machinery and equipment | 23 | €2,974 | €2,800 | -€174 | -5.9% |
| Financial fixed assets | 28 | €540,008 | €540,008 | = | 0.0% |
| Current assets | 29/58 | €53,163 | €35,424 | -€17,739 | -33.4% |
| Amounts receivable within one year | 40/41 | €23,470 | €16,253 | -€7,217 | -30.7% |
| Trade receivables | 40 | €8,470 | €15,125 | +€6,655 | +78.6% |
| Other amounts receivable | 41 | €15,000 | €1,128 | -€13,872 | -92.5% |
| Cash at bank and in hand | 54/58 | €29,123 | €18,369 | -€10,755 | -36.9% |
| Deferred charges and accrued income | 490/1 | €570 | €802 | +€232 | +40.8% |
| Total equity and liabilities | 10/49 | €596,145 | €578,232 | -€17,913 | -3.0% |
| Equity | 10/15 | €53,042 | €98,613 | +€45,571 | +85.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €34,442 | €80,013 | +€45,571 | +132% |
| Distributable reserves | 133 | €34,442 | €80,013 | +€45,571 | +132% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Amounts payable | 17/49 | €543,103 | €479,619 | -€63,484 | -11.7% |
| Amounts payable after more than one year | 17 | €462,857 | €385,714 | -€77,143 | -16.7% |
| Financial debts | 170/4 | €462,857 | €385,714 | -€77,143 | -16.7% |
| Amounts payable within one year | 42/48 | €80,246 | €89,152 | +€8,906 | +11.1% |
| Current portion of amounts payable after more than one year | 42 | €77,143 | €77,143 | = | 0.0% |
| Trade debts | 44 | - | €707 | +€707 | |
| Suppliers | 440/4 | - | €707 | +€707 | |
| Taxes, remuneration and social security | 45 | €3,103 | €11,302 | +€8,199 | +264% |
| Taxes | 450/3 | €3,103 | €11,302 | +€8,199 | +264% |
| Accrued charges and deferred income | 492/3 | - | €4,753 | +€4,753 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,299 | €2,330 | +€31 | +1.4% |
| Other operating charges | 640/8 | €569 | €989 | +€420 | +73.8% |
| Gross operating margin | 9900 | €4,352 | €43,825 | +€39,473 | +907% |
| Operating profit (loss) | 9901 | €1,484 | €40,506 | +€39,022 | +2,630% |
| Financial income | 75/76B | €38,500 | €40,000 | +€1,500 | +3.9% |
| Recurring financial income | 75 | €38,500 | €40,000 | +€1,500 | +3.9% |
| Financial charges | 65/66B | €1,742 | €24,006 | +€22,264 | +1,278% |
| Recurring financial charges | 65 | €1,742 | €24,006 | +€22,264 | +1,278% |
| Profit (loss) for the period before taxes | 9903 | €38,241 | €56,500 | +€18,258 | +47.7% |
| Income taxes | 67/77 | €2,251 | €10,929 | +€8,678 | +385% |
| Profit (loss) for the period | 9904 | €35,990 | €45,571 | +€9,581 | +26.6% |
| Profit (loss) for the period to be appropriated | 9905 | €35,990 | €45,571 | +€9,581 | +26.6% |
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.