SNEPPE: 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.
SNEPPE
Largest movements
- Receivables within one year -€10,076
down €10,076 (-6.7%), from €149,572 to €139,496
of which Other amounts receivable: -€7,674
- Tangible fixed assets -€7,059
down €7,059 (-41.3%), from €17,102 to €10,043
of which Furniture and vehicles: -€5,011
- Stocks and contracts +€6,199
up €6,199 (+9.4%), from €66,050 to €72,249
- Cash -€4,105
down €4,105 (-95.9%), from €4,281 to €176
mainly Trade debts (-€82,033) and Debts after one year (-€9,742)
- Deferred charges and accrued income -€2,745
down €2,745 (-100%), from €2,745 to €0
- Trade debts -€82,033
down €82,033 (-57.2%), from €143,406 to €61,373
- Short-term financial debts +€55,312
up €55,312 (+553%), from €10,000 to €65,312
- Reserves +€12,470
up €12,470 (+34.3%), from €36,340 to €48,810
of which Distributable reserves: +€12,470
- Debts after one year -€9,742
down €9,742 (-89.4%), from €10,891 to €1,149
- Other debts +€9,563
up €9,563, from €0 to €9,563
- Staff costs -€31,908
down €31,908 (-98.7%), from €32,319 to €411
- Gross operating margin -€25,836
down €25,836 (-40.0%), from €64,570 to €38,734
- Financial charges +€10,635
up €10,635 (+378%), from €2,812 to €13,447
- Financial income +€1,513
up €1,513 (+979%), from €155 to €1,668
- Depreciation -€1,413
down €1,413 (-16.7%), from €8,471 to €7,059
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €239,750 | €221,963 | -€17,787 | -7.4% |
| Fixed assets | 21/28 | €17,102 | €10,043 | -€7,059 | -41.3% |
| Tangible fixed assets | 22/27 | €17,102 | €10,043 | -€7,059 | -41.3% |
| Plant, machinery and equipment | 23 | €1,322 | €380 | -€942 | -71.3% |
| Furniture and vehicles | 24 | €10,252 | €5,241 | -€5,011 | -48.9% |
| Other tangible fixed assets | 26 | €5,528 | €4,422 | -€1,106 | -20.0% |
| Current assets | 29/58 | €222,648 | €211,921 | -€10,728 | -4.8% |
| Stocks and contracts in progress | 3 | €66,050 | €72,249 | +€6,199 | +9.4% |
| Stocks | 30/36 | €66,050 | €72,249 | +€6,199 | +9.4% |
| Amounts receivable within one year | 40/41 | €149,572 | €139,496 | -€10,076 | -6.7% |
| Trade receivables | 40 | €123,900 | €121,498 | -€2,402 | -1.9% |
| Other amounts receivable | 41 | €25,672 | €17,998 | -€7,674 | -29.9% |
| Cash at bank and in hand | 54/58 | €4,281 | €176 | -€4,105 | -95.9% |
| Deferred charges and accrued income | 490/1 | €2,745 | €0 | -€2,745 | -100% |
| Total equity and liabilities | 10/49 | €239,750 | €221,963 | -€17,787 | -7.4% |
| Equity | 10/15 | €51,358 | €63,832 | +€12,473 | +24.3% |
| Contributions | 10/11 | €6,324 | €6,324 | = | 0.0% |
| Reserves | 13 | €36,340 | €48,810 | +€12,470 | +34.3% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €36,340 | €48,810 | +€12,470 | +34.3% |
| Profit (loss) carried forward | 14 | €8,694 | €8,698 | +€3 | 0.0% |
| Amounts payable | 17/49 | €188,392 | €158,132 | -€30,260 | -16.1% |
| Amounts payable after more than one year | 17 | €10,891 | €1,149 | -€9,742 | -89.4% |
| Financial debts | 170/4 | €10,891 | €1,149 | -€9,742 | -89.4% |
| Amounts payable within one year | 42/48 | €177,501 | €156,983 | -€20,518 | -11.6% |
| Current portion of amounts payable after more than one year | 42 | €12,416 | €9,742 | -€2,674 | -21.5% |
| Financial debts | 43 | €10,000 | €65,312 | +€55,312 | +553% |
| Credit institutions | 430/8 | €10,000 | €65,312 | +€55,312 | +553% |
| Trade debts | 44 | €143,406 | €61,373 | -€82,033 | -57.2% |
| Suppliers | 440/4 | €143,406 | €61,373 | -€82,033 | -57.2% |
| Taxes, remuneration and social security | 45 | €11,679 | €10,993 | -€685 | -5.9% |
| Taxes | 450/3 | €6,048 | €10,993 | +€4,946 | +81.8% |
| Remuneration and social security | 454/9 | €5,631 | €0 | -€5,631 | -100% |
| Other amounts payable | 47/48 | €0 | €9,563 | +€9,563 | |
| Remuneration, social security and pensions | 62 | €32,319 | €411 | -€31,908 | -98.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,471 | €7,059 | -€1,413 | -16.7% |
| Other operating charges | 640/8 | €2,762 | €1,849 | -€912 | -33.0% |
| Gross operating margin | 9900 | €64,570 | €38,734 | -€25,836 | -40.0% |
| Operating profit (loss) | 9901 | €21,018 | €29,414 | +€8,397 | +40.0% |
| Financial income | 75/76B | €155 | €1,668 | +€1,513 | +979% |
| Recurring financial income | 75 | €155 | €1,668 | +€1,513 | +979% |
| Financial charges | 65/66B | €2,812 | €13,447 | +€10,635 | +378% |
| Recurring financial charges | 65 | €2,812 | €13,447 | +€10,635 | +378% |
| Profit (loss) for the period before taxes | 9903 | €18,360 | €17,635 | -€725 | -3.9% |
| Income taxes | 67/77 | €5,867 | €5,162 | -€705 | -12.0% |
| Profit (loss) for the period | 9904 | €12,493 | €12,473 | -€20 | -0.2% |
| Profit (loss) for the period to be appropriated | 9905 | €12,493 | €12,473 | -€20 | -0.2% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 23 October 2026 via checked.be.