SNF WATER: 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.
SNF WATER
Largest movements
- Receivables within one year -€476,268
down €476,268 (-18.7%), from €2.5m to €2.1m
of which Trade receivables: -€466,043
- Cash +€364,295
up €364,295 (+14.1%), from €2.6m to €2.9m
mainly Net result for the year (+€876,774) and Receivables within one year (+€476,268)
- Stocks and contracts -€85,742
down €85,742 (-39.2%), from €218,669 to €132,926
- Profit (loss) carried forward +€858,382
up €858,382 (+44.4%), from €1.9m to €2.8m
- Other debts -€790,194
down €790,194 (-97.7%), from €808,586 to €18,392
- Trade debts -€191,441
down €191,441 (-9.8%), from €2.0m to €1.8m
- Accrued charges and deferred income -€105,774
down €105,774 (-34.7%), from €304,411 to €198,637
- Gross operating margin -€92,982
down €92,982 (-4.4%), from €2.1m to €2.0m
- Staff costs +€46,504
up €46,504 (+8.4%), from €553,181 to €599,685
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 | €5,417,682 | €5,204,679 | -€213,003 | -3.9% |
| Fixed assets | 21/28 | €56,540 | €38,447 | -€18,093 | -32.0% |
| Tangible fixed assets | 22/27 | €48,189 | €30,096 | -€18,093 | -37.5% |
| Plant, machinery and equipment | 23 | €9,787 | €5,830 | -€3,957 | -40.4% |
| Furniture and vehicles | 24 | €18,277 | €15,976 | -€2,301 | -12.6% |
| Other tangible fixed assets | 26 | €20,124 | €8,289 | -€11,835 | -58.8% |
| Financial fixed assets | 28 | €8,352 | €8,352 | = | 0.0% |
| Current assets | 29/58 | €5,361,142 | €5,166,232 | -€194,910 | -3.6% |
| Stocks and contracts in progress | 3 | €218,669 | €132,926 | -€85,742 | -39.2% |
| Stocks | 30/36 | €218,669 | €132,926 | -€85,742 | -39.2% |
| Amounts receivable within one year | 40/41 | €2,542,400 | €2,066,132 | -€476,268 | -18.7% |
| Trade receivables | 40 | €2,495,070 | €2,029,028 | -€466,043 | -18.7% |
| Other amounts receivable | 41 | €47,330 | €37,105 | -€10,225 | -21.6% |
| Cash at bank and in hand | 54/58 | €2,583,290 | €2,947,585 | +€364,295 | +14.1% |
| Deferred charges and accrued income | 490/1 | €16,783 | €19,588 | +€2,805 | +16.7% |
| Total equity and liabilities | 10/49 | €5,417,682 | €5,204,679 | -€213,003 | -3.9% |
| Equity | 10/15 | €1,955,298 | €2,813,680 | +€858,382 | +43.9% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Reserves | 13 | €1,855 | €1,855 | = | 0.0% |
| Non-distributable reserves | 130/1 | €0 | €1,855 | +€1,855 | |
| Reserves not available under the articles | 1311 | €0 | €1,855 | +€1,855 | |
| Distributable reserves | 133 | €1,855 | €0 | -€1,855 | -100% |
| Profit (loss) carried forward | 14 | €1,934,893 | €2,793,275 | +€858,382 | +44.4% |
| Amounts payable | 17/49 | €3,462,384 | €2,390,999 | -€1.1m | -30.9% |
| Amounts payable within one year | 42/48 | €3,157,973 | €2,192,362 | -€965,611 | -30.6% |
| Trade debts | 44 | €1,954,318 | €1,762,877 | -€191,441 | -9.8% |
| Suppliers | 440/4 | €1,954,318 | €1,762,877 | -€191,441 | -9.8% |
| Taxes, remuneration and social security | 45 | €395,069 | €411,093 | +€16,024 | +4.1% |
| Taxes | 450/3 | €251,855 | €276,563 | +€24,709 | +9.8% |
| Remuneration and social security | 454/9 | €143,214 | €134,529 | -€8,685 | -6.1% |
| Other amounts payable | 47/48 | €808,586 | €18,392 | -€790,194 | -97.7% |
| Accrued charges and deferred income | 492/3 | €304,411 | €198,637 | -€105,774 | -34.7% |
| Remuneration, social security and pensions | 62 | €553,181 | €599,685 | +€46,504 | +8.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €29,675 | €27,782 | -€1,893 | -6.4% |
| Other operating charges | 640/8 | €188,656 | €176,281 | -€12,375 | -6.6% |
| Gross operating margin | 9900 | €2,096,633 | €2,003,650 | -€92,982 | -4.4% |
| Operating profit (loss) | 9901 | €1,325,121 | €1,199,904 | -€125,217 | -9.4% |
| Financial income | 75/76B | - | €15 | +€15 | |
| Recurring financial income | 75 | - | €15 | +€15 | |
| Financial charges | 65/66B | €3,202 | €5,583 | +€2,380 | +74.3% |
| Recurring financial charges | 65 | €3,202 | €5,583 | +€2,380 | +74.3% |
| Profit (loss) for the period before taxes | 9903 | €1,321,919 | €1,194,336 | -€127,583 | -9.7% |
| Income taxes | 67/77 | €337,677 | €317,563 | -€20,115 | -6.0% |
| Profit (loss) for the period | 9904 | €984,242 | €876,774 | -€107,468 | -10.9% |
| Profit (loss) for the period to be appropriated | 9905 | €984,242 | €876,774 | -€107,468 | -10.9% |
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.