SNEX: 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.
SNEX
Largest movements
- Tangible fixed assets +€133,620
up €133,620 (+60.3%), from €221,510 to €355,130
of which Plant, machinery and equipment: +€108,506
- Cash -€51,440
down €51,440 (-20.7%), from €248,534 to €197,094
mainly Investment in fixed assets (net) (-€170,082) and Receivables within one year (-€21,509)
- Receivables within one year +€21,509
up €21,509 (+328.5%), from €6,548 to €28,056
of which Trade receivables: +€22,393
- Current investments -€10,000
down €10,000 (-100.0%), from €10,000 to €0
- Reserves +€82,366
up €82,366 (+31.1%), from €264,573 to €346,940
- Trade debts +€33,712
up €33,712 (+269.4%), from €12,515 to €46,227
- Tax, wage and social debts -€19,589
down €19,589 (-53.1%), from €36,901 to €17,311
- Provisions -€10,000
down €10,000 (-100.0%), from €10,000 to €0
- Gross operating margin +€30,022
up €30,022 (+21.6%), from €139,124 to €169,146
- Provisions -€20,000
down €20,000, from €10,000 to -€10,000
- Depreciation -€14,452
down €14,452 (-28.4%), from €50,914 to €36,462
- Taxes +€14,379
up €14,379 (+77.0%), from €18,683 to €33,063
- Financial charges +€11,059
up €11,059 (+149.5%), from €7,397 to €18,456
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 | €519,827 | €614,285 | +€94,459 | +18.2% |
| Fixed assets | 21/28 | €221,560 | €355,180 | +€133,620 | +60.3% |
| Tangible fixed assets | 22/27 | €221,510 | €355,130 | +€133,620 | +60.3% |
| Land and buildings | 22 | €117,796 | €109,408 | -€8,388 | -7.1% |
| Plant, machinery and equipment | 23 | €28,286 | €136,793 | +€108,506 | +383.6% |
| Furniture and vehicles | 24 | €75,427 | €108,929 | +€33,501 | +44.4% |
| Financial fixed assets | 28 | €50 | €50 | = | 0.0% |
| Current assets | 29/58 | €298,267 | €259,106 | -€39,161 | -13.1% |
| Amounts receivable after more than one year | 29 | €30,000 | €30,000 | = | 0.0% |
| Other amounts receivable | 291 | €30,000 | €30,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €6,548 | €28,056 | +€21,509 | +328.5% |
| Trade receivables | 40 | €5,663 | €28,056 | +€22,393 | +395.4% |
| Other amounts receivable | 41 | €884 | €0 | -€884 | -100.0% |
| Current investments | 50/53 | €10,000 | €0 | -€10,000 | -100.0% |
| Cash at bank and in hand | 54/58 | €248,534 | €197,094 | -€51,440 | -20.7% |
| Deferred charges and accrued income | 490/1 | €3,185 | €3,955 | +€770 | +24.2% |
| Total equity and liabilities | 10/49 | €519,827 | €614,285 | +€94,459 | +18.2% |
| Equity | 10/15 | €335,926 | €418,292 | +€82,366 | +24.5% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €264,573 | €346,940 | +€82,366 | +31.1% |
| Distributable reserves | 133 | €264,573 | €346,940 | +€82,366 | +31.1% |
| Profit (loss) carried forward | 14 | €65,152 | €65,152 | = | 0.0% |
| Provisions and deferred taxes | 16 | €10,000 | €0 | -€10,000 | -100.0% |
| Provisions for liabilities and charges | 160/5 | €10,000 | €0 | -€10,000 | -100.0% |
| Other liabilities and charges | 164/5 | €10,000 | €0 | -€10,000 | -100.0% |
| Amounts payable | 17/49 | €173,901 | €195,993 | +€22,092 | +12.7% |
| Amounts payable after more than one year | 17 | €112,673 | €117,861 | +€5,188 | +4.6% |
| Financial debts | 170/4 | €112,673 | €117,861 | +€5,188 | +4.6% |
| Amounts payable within one year | 42/48 | €61,228 | €78,132 | +€16,904 | +27.6% |
| Current portion of amounts payable after more than one year | 42 | €6,542 | €11,656 | +€5,114 | +78.2% |
| Trade debts | 44 | €12,515 | €46,227 | +€33,712 | +269.4% |
| Suppliers | 440/4 | €12,515 | €46,227 | +€33,712 | +269.4% |
| Taxes, remuneration and social security | 45 | €36,901 | €17,311 | -€19,589 | -53.1% |
| Taxes | 450/3 | €36,901 | €17,311 | -€19,589 | -53.1% |
| Other amounts payable | 47/48 | €5,270 | €2,938 | -€2,333 | -44.3% |
| Non-recurring operating income | 76A | €12,598 | €7,394 | -€5,205 | -41.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €50,914 | €36,462 | -€14,452 | -28.4% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | €10,000 | -€10,000 | -€20,000 | |
| Other operating charges | 640/8 | €8,020 | €8,957 | +€937 | +11.7% |
| Gross operating margin | 9900 | €139,124 | €169,146 | +€30,022 | +21.6% |
| Operating profit (loss) | 9901 | €70,190 | €133,728 | +€63,538 | +90.5% |
| Financial income | 75/76B | €1,298 | €1,823 | +€525 | +40.5% |
| Recurring financial income | 75 | €1,298 | €1,823 | +€525 | +40.5% |
| Financial charges | 65/66B | €7,397 | €18,456 | +€11,059 | +149.5% |
| Recurring financial charges | 65 | €7,397 | €18,456 | +€11,059 | +149.5% |
| Profit (loss) for the period before taxes | 9903 | €64,091 | €117,095 | +€53,004 | +82.7% |
| Income taxes | 67/77 | €18,683 | €33,063 | +€14,379 | +77.0% |
| Profit (loss) for the period | 9904 | €45,407 | €84,032 | +€38,625 | +85.1% |
| Profit (loss) for the period to be appropriated | 9905 | €45,407 | €84,032 | +€38,625 | +85.1% |
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 4 October 2026 via checked.be.