SNELVRI: 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.
What changed
SNELVRI
NACE 01.461, Pig breeding farms
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€809,872
2024 · €1.1m-€333,768
Equity
€3.6m
2024 · €2.8m+€807,373
Cash
€581,327
2024 · €476,675+€104,652
Balance sheet total
€4.7m
2024 · €4.4m+€376,367
Largest movements
Assets
- Tangible fixed assets +€410,554
up €410,554 (+19.5%), from €2.1m to €2.5m
of which Plant, machinery and equipment: +€567,627
- Stocks and contracts -€112,000
down €112,000 (-9.1%), from €1.2m to €1.1m
- Cash +€104,652
up €104,652 (+22.0%), from €476,675 to €581,327
mainly Net result for the year (+€809,872) and Depreciation (+€483,472)
Equity and liabilities
- Reserves +€807,373
up €807,373 (+34.5%), from €2.3m to €3.1m
- Tax, wage and social debts -€145,742
down €145,742 (-67.2%), from €216,723 to €70,981
of which Taxes: -€143,423
- Debts after one year -€144,250
down €144,250 (-30.3%), from €476,472 to €332,222
- Trade debts -€110,992
down €110,992 (-35.9%), from €308,903 to €197,911
Income statement
- Gross operating margin -€463,993
down €463,993 (-21.7%), from €2.1m to €1.7m
- Taxes -€181,010
down €181,010 (-35.0%), from €516,776 to €335,766
- Depreciation +€86,003
up €86,003 (+21.6%), from €397,469 to €483,472
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.
Result 2024
€1.1m
Gross operating margin
-€463,993
Staff costs
+€16,132
Depreciation
-€86,003
Other operating charges
-€1,304
Other operating items
-€169
Financial income
+€8,624
Financial charges
+€11,935
Taxes
+€181,010
Result 2025
€809,872
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
+€1.2m
Investment
-€884,018
Financing
-€183,460
Cash 2024
€476,675
From operations (derived)
+€1.2m
Net result for the year
+€809,872
Depreciation
+€483,472
Stocks and contracts
+€112,000
Receivables within one year
+€19,358
Deferred charges and accrued income
-€2,528
Trade debts
-€110,992
Tax, wage and social debts
-€145,742
Other debts
+€2,764
Accrued charges and deferred income
+€3,925
Investment (derived)
-€884,018
Investment in fixed assets (net)
-€884,018
Financing
-€183,460
Debts after one year
-€144,250
Current portion of long-term debt
-€36,711
Contributions, distributions and other
-€2,499
Cash 2025
€581,327
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €4,371,986 | €4,748,353 | +€376,367 | +8.6% |
| Formation expenses | 20 | €10,008 | €0 | -€10,008 | -100% |
| Fixed assets | 21/28 | €2,110,929 | €2,521,483 | +€410,554 | +19.4% |
| Tangible fixed assets | 22/27 | €2,110,779 | €2,521,333 | +€410,554 | +19.5% |
| Land and buildings | 22 | €1,061,785 | €883,275 | -€178,510 | -16.8% |
| Plant, machinery and equipment | 23 | €551,802 | €1,119,429 | +€567,627 | +103% |
| Furniture and vehicles | 24 | €37,193 | €301,129 | +€263,936 | +710% |
| Leasing and similar rights | 25 | €290,000 | €217,500 | -€72,500 | -25.0% |
| Assets under construction and advance payments | 27 | €170,000 | €0 | -€170,000 | -100% |
| Financial fixed assets | 28 | €150 | €150 | = | 0.0% |
| Current assets | 29/58 | €2,251,049 | €2,226,871 | -€24,178 | -1.1% |
| Amounts receivable after more than one year | 29 | €1,000 | €1,000 | = | 0.0% |
| Other amounts receivable | 291 | €1,000 | €1,000 | = | 0.0% |
| Stocks and contracts in progress | 3 | €1,224,800 | €1,112,800 | -€112,000 | -9.1% |
| Stocks | 30/36 | €1,224,800 | €1,112,800 | -€112,000 | -9.1% |
| Amounts receivable within one year | 40/41 | €125,445 | €106,087 | -€19,358 | -15.4% |
| Trade receivables | 40 | €120,430 | €8,447 | -€111,983 | -93.0% |
| Other amounts receivable | 41 | €5,016 | €97,640 | +€92,624 | +1,847% |
| Current investments | 50/53 | €400,978 | €400,978 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €476,675 | €581,327 | +€104,652 | +22.0% |
| Deferred charges and accrued income | 490/1 | €22,150 | €24,678 | +€2,528 | +11.4% |
| Total equity and liabilities | 10/49 | €4,371,986 | €4,748,353 | +€376,367 | +8.6% |
| Equity | 10/15 | €2,793,524 | €3,600,897 | +€807,373 | +28.9% |
| Contributions | 10/11 | €454,576 | €454,576 | = | 0.0% |
| Reserves | 13 | €2,338,948 | €3,146,321 | +€807,373 | +34.5% |
| Distributable reserves | 133 | €2,338,948 | €3,146,321 | +€807,373 | +34.5% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €1,578,462 | €1,147,456 | -€431,006 | -27.3% |
| Amounts payable after more than one year | 17 | €476,472 | €332,222 | -€144,250 | -30.3% |
| Financial debts | 170/4 | €476,472 | €332,222 | -€144,250 | -30.3% |
| Amounts payable within one year | 42/48 | €1,101,991 | €811,310 | -€290,681 | -26.4% |
| Current portion of amounts payable after more than one year | 42 | €326,461 | €289,750 | -€36,711 | -11.2% |
| Trade debts | 44 | €308,903 | €197,911 | -€110,992 | -35.9% |
| Suppliers | 440/4 | €308,903 | €197,911 | -€110,992 | -35.9% |
| Taxes, remuneration and social security | 45 | €216,723 | €70,981 | -€145,742 | -67.2% |
| Taxes | 450/3 | €213,173 | €69,750 | -€143,423 | -67.3% |
| Remuneration and social security | 454/9 | €3,550 | €1,231 | -€2,319 | -65.3% |
| Other amounts payable | 47/48 | €249,904 | €252,668 | +€2,764 | +1.1% |
| Accrued charges and deferred income | 492/3 | €0 | €3,925 | +€3,925 | |
| Remuneration, social security and pensions | 62 | €34,488 | €18,355 | -€16,132 | -46.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €397,469 | €483,472 | +€86,003 | +21.6% |
| Other operating charges | 640/8 | €15,892 | €17,196 | +€1,304 | +8.2% |
| Non-recurring operating charges | 66A | - | €169 | +€169 | |
| Gross operating margin | 9900 | €2,135,343 | €1,671,350 | -€463,993 | -21.7% |
| Operating profit (loss) | 9901 | €1,687,494 | €1,152,157 | -€535,337 | -31.7% |
| Financial income | 75/76B | €12,351 | €20,975 | +€8,624 | +69.8% |
| Recurring financial income | 75 | €12,351 | €20,975 | +€8,624 | +69.8% |
| Financial charges | 65/66B | €39,428 | €27,493 | -€11,935 | -30.3% |
| Recurring financial charges | 65 | €39,428 | €27,493 | -€11,935 | -30.3% |
| Profit (loss) for the period before taxes | 9903 | €1,660,416 | €1,145,638 | -€514,778 | -31.0% |
| Income taxes | 67/77 | €516,776 | €335,766 | -€181,010 | -35.0% |
| Profit (loss) for the period | 9904 | €1,143,641 | €809,872 | -€333,768 | -29.2% |
| Profit (loss) for the period to be appropriated | 9905 | €1,143,641 | €809,872 | -€333,768 | -29.2% |
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 20 October 2026 via checked.be.