SNELNET: 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.
SNELNET
Largest movements
- Tangible fixed assets +€325,740
up €325,740 (+241%), from €134,930 to €460,670
of which Land and buildings: +€322,794
- Cash -€100,849
down €100,849 (-35.3%), from €285,957 to €185,108
mainly Investment in fixed assets (net) (-€385,687) and Other debts (-€64,205)
- Receivables within one year -€64,651
down €64,651 (-9.3%), from €694,365 to €629,714
of which Other amounts receivable: -€43,765
- Debts after one year +€266,631
up €266,631 (+735%), from €36,257 to €302,888
- Other debts -€64,205
down €64,205 (-100%), from €64,205 to €0
- Short-term financial debts -€25,493
down €25,493 (-100%), from €25,493 to €0
- Profit (loss) carried forward -€16,661
down €16,661 (-3.4%), from €486,618 to €469,956
- Gross operating margin -€140,413
down €140,413 (-69.3%), from €202,609 to €62,196
- Taxes -€39,934
down €39,934 (-94.6%), from €42,221 to €2,287
- Depreciation +€11,509
up €11,509 (+23.8%), from €48,438 to €59,947
- Financial charges +€4,190
up €4,190 (+68.7%), from €6,097 to €10,288
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 | €1,123,489 | €1,286,703 | +€163,215 | +14.5% |
| Fixed assets | 21/28 | €141,530 | €467,270 | +€325,740 | +230% |
| Tangible fixed assets | 22/27 | €134,930 | €460,670 | +€325,740 | +241% |
| Land and buildings | 22 | - | €322,794 | +€322,794 | |
| Plant, machinery and equipment | 23 | €100,214 | €123,081 | +€22,867 | +22.8% |
| Furniture and vehicles | 24 | €34,716 | €14,795 | -€19,921 | -57.4% |
| Financial fixed assets | 28 | €6,600 | €6,600 | = | 0.0% |
| Current assets | 29/58 | €981,959 | €819,434 | -€162,525 | -16.6% |
| Amounts receivable within one year | 40/41 | €694,365 | €629,714 | -€64,651 | -9.3% |
| Trade receivables | 40 | €353,812 | €332,926 | -€20,886 | -5.9% |
| Other amounts receivable | 41 | €340,553 | €296,788 | -€43,765 | -12.9% |
| Cash at bank and in hand | 54/58 | €285,957 | €185,108 | -€100,849 | -35.3% |
| Deferred charges and accrued income | 490/1 | €1,637 | €4,612 | +€2,975 | +182% |
| Total equity and liabilities | 10/49 | €1,123,489 | €1,286,703 | +€163,215 | +14.5% |
| Equity | 10/15 | €870,372 | €853,710 | -€16,661 | -1.9% |
| Contributions | 10/11 | €14,860 | €13,000 | -€1,860 | -12.5% |
| Reserves | 13 | €368,894 | €370,754 | +€1,860 | +0.5% |
| Distributable reserves | 133 | €368,894 | €370,754 | +€1,860 | +0.5% |
| Profit (loss) carried forward | 14 | €486,618 | €469,956 | -€16,661 | -3.4% |
| Amounts payable | 17/49 | €253,117 | €432,993 | +€179,876 | +71.1% |
| Amounts payable after more than one year | 17 | €36,257 | €302,888 | +€266,631 | +735% |
| Financial debts | 170/4 | €36,257 | €302,888 | +€266,631 | +735% |
| Amounts payable within one year | 42/48 | €216,861 | €130,105 | -€86,755 | -40.0% |
| Current portion of amounts payable after more than one year | 42 | €21,234 | €22,905 | +€1,671 | +7.9% |
| Financial debts | 43 | €25,493 | €0 | -€25,493 | -100% |
| Credit institutions | 430/8 | €25,493 | €0 | -€25,493 | -100% |
| Trade debts | 44 | €40,596 | €47,580 | +€6,984 | +17.2% |
| Suppliers | 440/4 | €40,596 | €47,580 | +€6,984 | +17.2% |
| Taxes, remuneration and social security | 45 | €65,332 | €59,620 | -€5,712 | -8.7% |
| Taxes | 450/3 | €61,782 | €52,520 | -€9,262 | -15.0% |
| Remuneration and social security | 454/9 | €3,550 | €7,100 | +€3,550 | +100% |
| Other amounts payable | 47/48 | €64,205 | €0 | -€64,205 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €48,438 | €59,947 | +€11,509 | +23.8% |
| Other operating charges | 640/8 | €6,801 | €6,336 | -€466 | -6.8% |
| Gross operating margin | 9900 | €202,609 | €62,196 | -€140,413 | -69.3% |
| Operating profit (loss) | 9901 | €147,370 | -€4,086 | -€151,456 | |
| Financial income | 75/76B | €27 | €0 | -€27 | -100% |
| Recurring financial income | 75 | €27 | €0 | -€27 | -100% |
| Financial charges | 65/66B | €6,097 | €10,288 | +€4,190 | +68.7% |
| Recurring financial charges | 65 | €6,097 | €10,288 | +€4,190 | +68.7% |
| Profit (loss) for the period before taxes | 9903 | €141,299 | -€14,374 | -€155,674 | |
| Income taxes | 67/77 | €42,221 | €2,287 | -€39,934 | -94.6% |
| Profit (loss) for the period | 9904 | €99,079 | -€16,661 | -€115,740 | |
| Profit (loss) for the period to be appropriated | 9905 | €99,079 | -€16,661 | -€115,740 |
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 23 October 2026 via checked.be.