SNEYAERT - RABAEY: what changed
SNEYAERT - RABAEY
Largest movements
- Tangible fixed assets -€7,386
down €7,386 (-8.5%), from €86,654 to €79,268
of which Plant, machinery and equipment: -€7,386
- Receivables within one year +€3,297
up €3,297 (+10.6%), from €31,204 to €34,500
of which Trade receivables: +€2,040
- Other debts +€22,423
up €22,423, from €0 to €22,423
- Trade debts -€22,218
down €22,218 (-67.0%), from €33,186 to €10,968
- Debts after one year -€4,672
down €4,672 (-7.7%), from €60,711 to €56,039
- Gross operating margin +€16,060
up €16,060 (+1,795%), from €894 to €16,954
- Depreciation +€7,034
up €7,034 (+2,003%), from €351 to €7,386
- Financial charges +€5,232
up €5,232 (+1,762%), from €297 to €5,529
- Other operating charges +€3,181
up €3,181 (+281%), from €1,133 to €4,314
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €118,992 | €113,803 | -€5,189 | -4.4% |
| Fixed assets | 21/28 | €86,654 | €79,268 | -€7,386 | -8.5% |
| Tangible fixed assets | 22/27 | €86,654 | €79,268 | -€7,386 | -8.5% |
| Land and buildings | 22 | €20,377 | €20,377 | = | 0.0% |
| Plant, machinery and equipment | 23 | €66,277 | €58,892 | -€7,386 | -11.1% |
| Current assets | 29/58 | €32,338 | €34,535 | +€2,197 | +6.8% |
| Amounts receivable within one year | 40/41 | €31,204 | €34,500 | +€3,297 | +10.6% |
| Trade receivables | 40 | €31,204 | €33,243 | +€2,040 | +6.5% |
| Other amounts receivable | 41 | €0 | €1,257 | +€1,257 | |
| Cash at bank and in hand | 54/58 | €1,134 | €35 | -€1,100 | -96.9% |
| Total equity and liabilities | 10/49 | €118,992 | €113,803 | -€5,189 | -4.4% |
| Equity | 10/15 | €19,975 | €19,701 | -€274 | -1.4% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €2,270 | €2,270 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,859 | €1,859 | = | 0.0% |
| Distributable reserves | 133 | €411 | €411 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€887 | -€1,161 | -€274 | -30.9% |
| Amounts payable | 17/49 | €99,017 | €94,102 | -€4,914 | -5.0% |
| Amounts payable after more than one year | 17 | €60,711 | €56,039 | -€4,672 | -7.7% |
| Financial debts | 170/4 | €60,711 | €56,039 | -€4,672 | -7.7% |
| Amounts payable within one year | 42/48 | €38,305 | €38,063 | -€242 | -0.6% |
| Current portion of amounts payable after more than one year | 42 | €4,289 | €4,672 | +€384 | +8.9% |
| Trade debts | 44 | €33,186 | €10,968 | -€22,218 | -67.0% |
| Suppliers | 440/4 | €33,186 | €10,968 | -€22,218 | -67.0% |
| Taxes, remuneration and social security | 45 | €831 | €0 | -€831 | -100% |
| Taxes | 450/3 | €831 | €0 | -€831 | -100% |
| Other amounts payable | 47/48 | €0 | €22,423 | +€22,423 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €351 | €7,386 | +€7,034 | +2,003% |
| Other operating charges | 640/8 | €1,133 | €4,314 | +€3,181 | +281% |
| Gross operating margin | 9900 | €894 | €16,954 | +€16,060 | +1,795% |
| Operating profit (loss) | 9901 | -€590 | €5,255 | +€5,845 | |
| Financial charges | 65/66B | €297 | €5,529 | +€5,232 | +1,762% |
| Recurring financial charges | 65 | €297 | €5,529 | +€5,232 | +1,762% |
| Profit (loss) for the period before taxes | 9903 | -€887 | -€274 | +€612 | +69.1% |
| Profit (loss) for the period | 9904 | -€887 | -€274 | +€612 | +69.1% |
| Profit (loss) for the period to be appropriated | 9905 | -€887 | -€274 | +€612 | +69.1% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 7 November 2026 via checked.be.