Snels Philippe: 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 Philippe
Largest movements
- Receivables within one year +€35,593
up €35,593 (+13.0%), from €273,632 to €309,225
of which Trade receivables: +€36,232
- Cash +€18,196
up €18,196 (+272.1%), from €6,687 to €24,884
mainly Trade debts (+€32,164) and Net result for the year (+€20,719)
- Stocks and contracts -€11,680
down €11,680 (-22.7%), from €51,530 to €39,850
- Trade debts +€32,164
up €32,164 (+22.7%), from €141,638 to €173,802
- Reserves +€11,582
up €11,582 (+7.7%), from €151,250 to €162,833
- Other debts -€7,572
down €7,572 (-45.3%), from €16,709 to €9,137
- Tax, wage and social debts +€4,784
up €4,784 (+50.6%), from €9,464 to €14,248
- Gross operating margin +€18,105
up €18,105 (+125.9%), from €14,375 to €32,481
- Taxes +€5,447
up €5,447 (+120.6%), from €4,516 to €9,962
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 | €340,777 | €381,736 | +€40,959 | +12.0% |
| Fixed assets | 21/28 | €5,004 | €3,704 | -€1,300 | -26.0% |
| Tangible fixed assets | 22/27 | €5,004 | €3,704 | -€1,300 | -26.0% |
| Furniture and vehicles | 24 | €5,004 | €3,704 | -€1,300 | -26.0% |
| Current assets | 29/58 | €335,773 | €378,032 | +€42,259 | +12.6% |
| Stocks and contracts in progress | 3 | €51,530 | €39,850 | -€11,680 | -22.7% |
| Stocks | 30/36 | €51,530 | €39,850 | -€11,680 | -22.7% |
| Amounts receivable within one year | 40/41 | €273,632 | €309,225 | +€35,593 | +13.0% |
| Trade receivables | 40 | €267,467 | €303,698 | +€36,232 | +13.5% |
| Other amounts receivable | 41 | €6,165 | €5,527 | -€638 | -10.4% |
| Cash at bank and in hand | 54/58 | €6,687 | €24,884 | +€18,196 | +272.1% |
| Deferred charges and accrued income | 490/1 | €3,924 | €4,073 | +€149 | +3.8% |
| Total equity and liabilities | 10/49 | €340,777 | €381,736 | +€40,959 | +12.0% |
| Equity | 10/15 | €166,967 | €178,550 | +€11,582 | +6.9% |
| Contributions | 10/11 | €15,717 | €15,717 | = | 0.0% |
| Reserves | 13 | €151,250 | €162,833 | +€11,582 | +7.7% |
| Distributable reserves | 133 | €151,250 | €162,833 | +€11,582 | +7.7% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Provisions and deferred taxes | 16 | €6,000 | €6,000 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €6,000 | €6,000 | = | 0.0% |
| Pensions and similar obligations | 160 | €6,000 | €6,000 | = | 0.0% |
| Amounts payable | 17/49 | €167,810 | €197,187 | +€29,377 | +17.5% |
| Amounts payable within one year | 42/48 | €167,810 | €197,187 | +€29,377 | +17.5% |
| Trade debts | 44 | €141,638 | €173,802 | +€32,164 | +22.7% |
| Suppliers | 440/4 | €141,638 | €173,802 | +€32,164 | +22.7% |
| Taxes, remuneration and social security | 45 | €9,464 | €14,248 | +€4,784 | +50.6% |
| Taxes | 450/3 | €9,464 | €14,248 | +€4,784 | +50.6% |
| Other amounts payable | 47/48 | €16,709 | €9,137 | -€7,572 | -45.3% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Non-recurring operating income | 76A | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,300 | €1,300 | = | 0.0% |
| Other operating charges | 640/8 | €626 | €520 | -€107 | -17.0% |
| Gross operating margin | 9900 | €14,375 | €32,481 | +€18,105 | +125.9% |
| Operating profit (loss) | 9901 | €12,449 | €30,661 | +€18,212 | +146.3% |
| Financial income | 75/76B | €123 | €269 | +€146 | +118.2% |
| Recurring financial income | 75 | €123 | €269 | +€146 | +118.2% |
| Financial charges | 65/66B | €222 | €248 | +€26 | +11.8% |
| Recurring financial charges | 65 | €222 | €248 | +€26 | +11.8% |
| Profit (loss) for the period before taxes | 9903 | €12,350 | €30,682 | +€18,332 | +148.4% |
| Income taxes | 67/77 | €4,516 | €9,962 | +€5,447 | +120.6% |
| Profit (loss) for the period | 9904 | €7,835 | €20,719 | +€12,885 | +164.4% |
| Profit (loss) for the period to be appropriated | 9905 | €7,835 | €20,719 | +€12,885 | +164.4% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.