SNELLIUM: what changed
SNELLIUM
Largest movements
- Cash +€18,387
up €18,387 (+48.0%), from €38,340 to €56,727
mainly Debts after one year (+€334,300) and Tax, wage and social debts (+€31,122)
- Tangible fixed assets -€10,924
down €10,924 (-24.5%), from €44,585 to €33,661
of which Plant, machinery and equipment: -€8,421
- Receivables within one year +€8,788
up €8,788 (+29.7%), from €29,614 to €38,401
of which Trade receivables: +€12,838
- Formation expenses -€1,963
down €1,963 (-32.5%), from €6,042 to €4,079
- Profit (loss) carried forward -€357,709
down €357,709 (-1,385%), from -€25,836 to -€383,545
- Debts after one year +€334,300
new in 2025: €334,300
- Tax, wage and social debts +€31,122
up €31,122 (+54.6%), from €57,044 to €88,166
of which Remuneration and social security: +€36,402
- Other debts +€3,290
new in 2025: €3,290
- Trade debts +€2,840
up €2,840 (+12.7%), from €22,373 to €25,213
- Staff costs +€123,961
up €123,961 (+69.8%), from €177,496 to €301,457
- Gross operating margin -€19,042
down €19,042 (-71.7%), from -€26,557 to -€45,598
- Financial income +€6,207
up €6,207 (+3,123%), from €199 to €6,406
- Depreciation +€5,223
up €5,223 (+68.2%), from €7,664 to €12,887
- Financial charges +€3,129
up €3,129 (+5,159%), from €61 to €3,189
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €118,581 | €132,868 | +€14,287 | +12.0% |
| Formation expenses | 20 | €6,042 | €4,079 | -€1,963 | -32.5% |
| Fixed assets | 21/28 | €44,585 | €33,661 | -€10,924 | -24.5% |
| Tangible fixed assets | 22/27 | €44,585 | €33,661 | -€10,924 | -24.5% |
| Plant, machinery and equipment | 23 | €36,202 | €27,781 | -€8,421 | -23.3% |
| Furniture and vehicles | 24 | €8,383 | €5,880 | -€2,504 | -29.9% |
| Current assets | 29/58 | €67,953 | €95,128 | +€27,175 | +40.0% |
| Amounts receivable within one year | 40/41 | €29,614 | €38,401 | +€8,788 | +29.7% |
| Trade receivables | 40 | €1,162 | €14,000 | +€12,838 | +1,105% |
| Other amounts receivable | 41 | €28,451 | €24,401 | -€4,050 | -14.2% |
| Cash at bank and in hand | 54/58 | €38,340 | €56,727 | +€18,387 | +48.0% |
| Total equity and liabilities | 10/49 | €118,581 | €132,868 | +€14,287 | +12.0% |
| Equity | 10/15 | €39,164 | -€318,545 | -€357,709 | |
| Contributions | 10/11 | €64,999 | €64,999 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€25,836 | -€383,545 | -€357,709 | -1,385% |
| Amounts payable | 17/49 | €79,417 | €451,414 | +€371,996 | +468% |
| Amounts payable after more than one year | 17 | - | €334,300 | +€334,300 | |
| Financial debts | 170/4 | - | €334,300 | +€334,300 | |
| Amounts payable within one year | 42/48 | €79,417 | €117,114 | +€37,696 | +47.5% |
| Financial debts | 43 | - | €444 | +€444 | |
| Other loans | 439 | - | €444 | +€444 | |
| Trade debts | 44 | €22,373 | €25,213 | +€2,840 | +12.7% |
| Suppliers | 440/4 | €22,373 | €25,213 | +€2,840 | +12.7% |
| Taxes, remuneration and social security | 45 | €57,044 | €88,166 | +€31,122 | +54.6% |
| Taxes | 450/3 | €17,050 | €11,770 | -€5,280 | -31.0% |
| Remuneration and social security | 454/9 | €39,994 | €76,396 | +€36,402 | +91.0% |
| Other amounts payable | 47/48 | - | €3,290 | +€3,290 | |
| Remuneration, social security and pensions | 62 | €177,496 | €301,457 | +€123,961 | +69.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,664 | €12,887 | +€5,223 | +68.2% |
| Other operating charges | 640/8 | €452 | €982 | +€530 | +117% |
| Gross operating margin | 9900 | -€26,557 | -€45,598 | -€19,042 | -71.7% |
| Operating profit (loss) | 9901 | -€212,169 | -€360,925 | -€148,756 | -70.1% |
| Financial income | 75/76B | €199 | €6,406 | +€6,207 | +3,123% |
| Recurring financial income | 75 | €199 | €6,406 | +€6,207 | +3,123% |
| Financial charges | 65/66B | €61 | €3,189 | +€3,129 | +5,159% |
| Recurring financial charges | 65 | €61 | €3,189 | +€3,129 | +5,159% |
| Profit (loss) for the period before taxes | 9903 | -€212,031 | -€357,709 | -€145,678 | -68.7% |
| Income taxes | 67/77 | €50 | - | -€50 | |
| Profit (loss) for the period | 9904 | -€212,081 | -€357,709 | -€145,628 | -68.7% |
| Profit (loss) for the period to be appropriated | 9905 | -€212,081 | -€357,709 | -€145,628 | -68.7% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 1 November 2026 via checked.be.