Snels L.E.B.: what changed
Two fiscal 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.
Snels L.E.B.
Largest movements
- Tangible fixed assets +€760,705
up €760,705 (+512.3%), from €148,494 to €909,199
of which Land and buildings: +€795,658
- Receivables within one year +€170,800
up €170,800 (+31.6%), from €540,460 to €711,260
of which Trade receivables: +€154,012
- Stocks and contracts +€97,345
up €97,345 (+2077.4%), from €4,686 to €102,031
- Cash -€78,311
down €78,311 (-40.6%), from €193,054 to €114,743
mainly Investment in fixed assets (net) (-€809,729) and Receivables within one year (-€170,800)
- Debts after one year +€693,649
up €693,649 (+1841.6%), from €37,666 to €731,315
- Trade debts +€158,131
up €158,131 (+52.5%), from €301,335 to €459,466
- Current portion of long-term debt +€80,639
up €80,639 (+42.1%), from €191,661 to €272,300
- Reserves -€76,275
down €76,275 (-28.4%), from €268,346 to €192,071
of which Distributable reserves: -€76,275
- Other debts +€74,730
up €74,730 (+148.1%), from €50,459 to €125,189
- Other operating charges +€80,664
up €80,664 (+1531.9%), from €5,266 to €85,929
- Gross operating margin +€28,043
up €28,043 (+15.2%), from €184,523 to €212,567
- Depreciation -€18,185
down €18,185 (-27.1%), from €67,209 to €49,024
- Financial charges +€14,763
up €14,763 (+76.0%), from €19,421 to €34,185
- Taxes -€13,690
down €13,690 (-50.6%), from €27,072 to €13,382
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.
Cash bridge derived
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 | €929,118 | €1,866,569 | +€937,451 | +100.9% |
| Fixed assets | 21/28 | €149,273 | €909,978 | +€760,705 | +509.6% |
| Tangible fixed assets | 22/27 | €148,494 | €909,199 | +€760,705 | +512.3% |
| Land and buildings | 22 | €38,782 | €834,441 | +€795,658 | +2051.6% |
| Plant, machinery and equipment | 23 | €3,886 | €4,429 | +€543 | +14.0% |
| Furniture and vehicles | 24 | €105,825 | €70,329 | -€35,496 | -33.5% |
| Financial fixed assets | 28 | €779 | €779 | = | 0.0% |
| Current assets | 29/58 | €779,845 | €956,591 | +€176,745 | +22.7% |
| Stocks and contracts in progress | 3 | €4,686 | €102,031 | +€97,345 | +2077.4% |
| Stocks | 30/36 | €4,686 | €102,031 | +€97,345 | +2077.4% |
| Amounts receivable within one year | 40/41 | €540,460 | €711,260 | +€170,800 | +31.6% |
| Trade receivables | 40 | €529,132 | €683,144 | +€154,012 | +29.1% |
| Other amounts receivable | 41 | €11,328 | €28,116 | +€16,788 | +148.2% |
| Cash at bank and in hand | 54/58 | €193,054 | €114,743 | -€78,311 | -40.6% |
| Deferred charges and accrued income | 490/1 | €41,645 | €28,556 | -€13,089 | -31.4% |
| Total equity and liabilities | 10/49 | €929,118 | €1,866,569 | +€937,451 | +100.9% |
| Equity | 10/15 | €333,252 | €256,976 | -€76,275 | -22.9% |
| 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 | €268,346 | €192,071 | -€76,275 | -28.4% |
| Non-distributable reserves | 130/1 | €6,150 | €6,150 | = | 0.0% |
| Legal reserve | 130 | €6,150 | €6,150 | = | 0.0% |
| Distributable reserves | 133 | €262,196 | €185,921 | -€76,275 | -29.1% |
| Profit (loss) carried forward | 14 | €3,406 | €3,406 | = | 0.0% |
| Amounts payable | 17/49 | €595,866 | €1,609,592 | +€1.0m | +170.1% |
| Amounts payable after more than one year | 17 | €37,666 | €731,315 | +€693,649 | +1841.6% |
| Financial debts | 170/4 | €37,666 | €731,315 | +€693,649 | +1841.6% |
| Amounts payable within one year | 42/48 | €557,246 | €875,602 | +€318,355 | +57.1% |
| Current portion of amounts payable after more than one year | 42 | €191,661 | €272,300 | +€80,639 | +42.1% |
| Trade debts | 44 | €301,335 | €459,466 | +€158,131 | +52.5% |
| Suppliers | 440/4 | €301,335 | €459,466 | +€158,131 | +52.5% |
| Taxes, remuneration and social security | 45 | €13,791 | €18,647 | +€4,856 | +35.2% |
| Taxes | 450/3 | €9,891 | €14,747 | +€4,856 | +49.1% |
| Remuneration and social security | 454/9 | €3,900 | €3,900 | = | 0.0% |
| Other amounts payable | 47/48 | €50,459 | €125,189 | +€74,730 | +148.1% |
| Accrued charges and deferred income | 492/3 | €954 | €2,675 | +€1,722 | +180.5% |
| Remuneration, social security and pensions | 62 | €1,146 | €1,337 | +€191 | +16.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €67,209 | €49,024 | -€18,185 | -27.1% |
| Other operating charges | 640/8 | €5,266 | €85,929 | +€80,664 | +1531.9% |
| Gross operating margin | 9900 | €184,523 | €212,567 | +€28,043 | +15.2% |
| Operating profit (loss) | 9901 | €110,902 | €76,276 | -€34,626 | -31.2% |
| Financial income | 75/76B | €17 | €15 | -€2 | -9.4% |
| Recurring financial income | 75 | €17 | €15 | -€2 | -9.4% |
| Financial charges | 65/66B | €19,421 | €34,185 | +€14,763 | +76.0% |
| Recurring financial charges | 65 | €19,421 | €34,185 | +€14,763 | +76.0% |
| Profit (loss) for the period before taxes | 9903 | €91,498 | €42,107 | -€49,391 | -54.0% |
| Income taxes | 67/77 | €27,072 | €13,382 | -€13,690 | -50.6% |
| Profit (loss) for the period | 9904 | €64,426 | €28,725 | -€35,702 | -55.4% |
| Profit (loss) for the period to be appropriated | 9905 | €64,426 | €28,725 | -€35,702 | -55.4% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.