SNEYERS: 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.
SNEYERS
Largest movements
- Tangible fixed assets -€135,237
down €135,237 (-45.0%), from €300,351 to €165,114
of which Plant, machinery and equipment: -€71,613
- Receivables within one year +€25,998
up €25,998 (+15.7%), from €165,786 to €191,785
of which Trade receivables: +€13,957
- Cash +€15,968
up €15,968 (+39.6%), from €40,344 to €56,313
mainly Investment in fixed assets (net) (+€86,100) and Depreciation (+€49,791)
- Deferred charges and accrued income +€12,816
up €12,816 (+691%), from €1,855 to €14,671
- Trade debts -€93,019
down €93,019 (-71.8%), from €129,543 to €36,525
- Other debts +€32,318
up €32,318 (+18.3%), from €176,786 to €209,103
- Debts after one year -€22,150
down €22,150 (-20.8%), from €106,558 to €84,408
- Reserves +€15,897
up €15,897 (+62.3%), from €25,498 to €41,394
- Tax, wage and social debts -€15,098
down €15,098 (-43.7%), from €34,530 to €19,432
of which Remuneration and social security: -€18,750
- Staff costs -€91,077
down €91,077 (-57.9%), from €157,412 to €66,335
- Gross operating margin -€78,098
down €78,098 (-32.0%), from €243,818 to €165,721
- Depreciation -€48,473
down €48,473 (-49.3%), from €98,264 to €49,791
- Other operating charges +€24,520
up €24,520 (+668%), from €3,668 to €28,188
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €509,186 | €428,078 | -€81,109 | -15.9% |
| Formation expenses | 20 | €330 | €75 | -€255 | -77.2% |
| Fixed assets | 21/28 | €300,870 | €165,234 | -€135,637 | -45.1% |
| Intangible fixed assets | 21 | €519 | €119 | -€400 | -77.0% |
| Tangible fixed assets | 22/27 | €300,351 | €165,114 | -€135,237 | -45.0% |
| Land and buildings | 22 | €3,798 | €3,353 | -€445 | -11.7% |
| Plant, machinery and equipment | 23 | €90,725 | €19,112 | -€71,613 | -78.9% |
| Furniture and vehicles | 24 | €57,688 | €23,390 | -€34,298 | -59.5% |
| Leasing and similar rights | 25 | €148,140 | €119,259 | -€28,881 | -19.5% |
| Current assets | 29/58 | €207,986 | €262,769 | +€54,783 | +26.3% |
| Amounts receivable within one year | 40/41 | €165,786 | €191,785 | +€25,998 | +15.7% |
| Trade receivables | 40 | €154,621 | €168,578 | +€13,957 | +9.0% |
| Other amounts receivable | 41 | €11,165 | €23,207 | +€12,042 | +108% |
| Cash at bank and in hand | 54/58 | €40,344 | €56,313 | +€15,968 | +39.6% |
| Deferred charges and accrued income | 490/1 | €1,855 | €14,671 | +€12,816 | +691% |
| Total equity and liabilities | 10/49 | €509,186 | €428,078 | -€81,109 | -15.9% |
| Equity | 10/15 | €40,498 | €56,394 | +€15,897 | +39.3% |
| Contributions | 10/11 | €15,000 | €15,000 | = | 0.0% |
| Reserves | 13 | €25,498 | €41,394 | +€15,897 | +62.3% |
| Distributable reserves | 133 | €25,498 | €41,394 | +€15,897 | +62.3% |
| Amounts payable | 17/49 | €468,689 | €371,683 | -€97,005 | -20.7% |
| Amounts payable after more than one year | 17 | €106,558 | €84,408 | -€22,150 | -20.8% |
| Financial debts | 170/4 | €106,558 | €84,408 | -€22,150 | -20.8% |
| Amounts payable within one year | 42/48 | €362,130 | €287,275 | -€74,855 | -20.7% |
| Current portion of amounts payable after more than one year | 42 | €21,272 | €22,216 | +€943 | +4.4% |
| Trade debts | 44 | €129,543 | €36,525 | -€93,019 | -71.8% |
| Suppliers | 440/4 | €129,543 | €36,525 | -€93,019 | -71.8% |
| Taxes, remuneration and social security | 45 | €34,530 | €19,432 | -€15,098 | -43.7% |
| Taxes | 450/3 | €15,779 | €19,432 | +€3,652 | +23.1% |
| Remuneration and social security | 454/9 | €18,750 | - | -€18,750 | |
| Other amounts payable | 47/48 | €176,786 | €209,103 | +€32,318 | +18.3% |
| Remuneration, social security and pensions | 62 | €157,412 | €66,335 | -€91,077 | -57.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €98,264 | €49,791 | -€48,473 | -49.3% |
| Other operating charges | 640/8 | €3,668 | €28,188 | +€24,520 | +668% |
| Gross operating margin | 9900 | €243,818 | €165,721 | -€78,098 | -32.0% |
| Operating profit (loss) | 9901 | -€15,526 | €21,407 | +€36,933 | |
| Financial income | 75/76B | €18 | - | -€18 | |
| Recurring financial income | 75 | €18 | - | -€18 | |
| Financial charges | 65/66B | €6,549 | €5,511 | -€1,039 | -15.9% |
| Recurring financial charges | 65 | €6,549 | €5,511 | -€1,039 | -15.9% |
| Profit (loss) for the period before taxes | 9903 | -€22,057 | €15,897 | +€37,953 | |
| Profit (loss) for the period | 9904 | -€22,057 | €15,897 | +€37,953 | |
| Profit (loss) for the period to be appropriated | 9905 | -€22,057 | €15,897 | +€37,953 |
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 14 October 2026 via checked.be.