SNICK: 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.
What changed
SNICK
NACE 43.222, Installation of electric heating, air conditioning, cooling and ventilation
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€42,202
2024 · €41,350+€851
Equity
€303,373
2024 · €299,171+€4,202
Cash
€108,229
2024 · €139,155-€30,926
Balance sheet total
€972,103
2024 · €918,040+€54,063
Largest movements
Assets
- Receivables within one year +€113,284
up €113,284 (+72.8%), from €155,600 to €268,883
of which Trade receivables: +€129,612
- Stocks and contracts -€32,092
down €32,092 (-6.6%), from €488,410 to €456,319
of which Stocks: -€43,342
- Cash -€30,926
down €30,926 (-22.2%), from €139,155 to €108,229
mainly Receivables within one year (-€113,284) and Investment in fixed assets (net) (-€56,156)
Equity and liabilities
- Trade debts +€42,784
up €42,784 (+13.0%), from €328,854 to €371,638
- Tax, wage and social debts -€18,614
down €18,614 (-21.3%), from €87,559 to €68,945
of which Taxes: -€13,008
Income statement
- Gross operating margin +€75,612
up €75,612 (+13.4%), from €562,276 to €637,888
- Staff costs +€65,338
up €65,338 (+14.9%), from €438,301 to €503,639
- Financial income -€6,567
down €6,567 (-86.4%), from €7,597 to €1,030
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.
Result 2024
€41,350
Gross operating margin
+€75,612
Staff costs
-€65,338
Depreciation
-€5,045
Other operating charges
-€2,045
Financial income
-€6,567
Financial charges
+€1,998
Taxes
+€2,236
Result 2025
€42,202
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.
From operations
+€50,890
Investment
-€56,156
Financing
-€25,660
Cash 2024
€139,155
From operations (derived)
+€50,890
Net result for the year
+€42,202
Depreciation
+€51,338
Receivables after one year
+€2,536
Stocks and contracts
+€32,092
Receivables within one year
-€113,284
Deferred charges and accrued income
-€1,516
Trade debts
+€42,784
Tax, wage and social debts
-€18,614
Other debts
+€8,000
Accrued charges and deferred income
+€5,352
Investment (derived)
-€56,156
Investment in fixed assets (net)
-€56,156
Financing
-€25,660
Debts after one year
+€923
Current portion of long-term debt
+€3,818
Short-term financial debts
+€7,599
Contributions, distributions and other
-€38,000
Cash 2025
€108,229
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €918,040 | €972,103 | +€54,063 | +5.9% |
| Fixed assets | 21/28 | €110,817 | €115,635 | +€4,818 | +4.3% |
| Intangible fixed assets | 21 | - | €1,346 | +€1,346 | |
| Tangible fixed assets | 22/27 | €110,817 | €114,289 | +€3,472 | +3.1% |
| Plant, machinery and equipment | 23 | €9,667 | €11,100 | +€1,433 | +14.8% |
| Furniture and vehicles | 24 | €74,777 | €92,621 | +€17,843 | +23.9% |
| Leasing and similar rights | 25 | €21,952 | €7,196 | -€14,756 | -67.2% |
| Other tangible fixed assets | 26 | €4,421 | €3,373 | -€1,048 | -23.7% |
| Current assets | 29/58 | €807,223 | €856,468 | +€49,245 | +6.1% |
| Amounts receivable after more than one year | 29 | €15,007 | €12,470 | -€2,536 | -16.9% |
| Other amounts receivable | 291 | €15,007 | €12,470 | -€2,536 | -16.9% |
| Stocks and contracts in progress | 3 | €488,410 | €456,319 | -€32,092 | -6.6% |
| Stocks | 30/36 | €198,830 | €155,488 | -€43,342 | -21.8% |
| Contracts in progress | 37 | €289,580 | €300,830 | +€11,250 | +3.9% |
| Amounts receivable within one year | 40/41 | €155,600 | €268,883 | +€113,284 | +72.8% |
| Trade receivables | 40 | €134,914 | €264,526 | +€129,612 | +96.1% |
| Other amounts receivable | 41 | €20,686 | €4,358 | -€16,328 | -78.9% |
| Cash at bank and in hand | 54/58 | €139,155 | €108,229 | -€30,926 | -22.2% |
| Deferred charges and accrued income | 490/1 | €9,050 | €10,566 | +€1,516 | +16.7% |
| Total equity and liabilities | 10/49 | €918,040 | €972,103 | +€54,063 | +5.9% |
| Equity | 10/15 | €299,171 | €303,373 | +€4,202 | +1.4% |
| Contributions | 10/11 | €49,600 | €49,600 | = | 0.0% |
| Reserves | 13 | €142,727 | €144,727 | +€2,000 | +1.4% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Tax-exempt reserves | 132 | €39,103 | €39,103 | = | 0.0% |
| Distributable reserves | 133 | €103,624 | €105,624 | +€2,000 | +1.9% |
| Profit (loss) carried forward | 14 | €106,844 | €109,045 | +€2,202 | +2.1% |
| Amounts payable | 17/49 | €618,869 | €668,730 | +€49,861 | +8.1% |
| Amounts payable after more than one year | 17 | €76,085 | €77,007 | +€923 | +1.2% |
| Financial debts | 170/4 | €48,945 | €51,152 | +€2,207 | +4.5% |
| Other amounts payable | 178/9 | €27,140 | €25,856 | -€1,285 | -4.7% |
| Amounts payable within one year | 42/48 | €541,684 | €585,270 | +€43,587 | +8.0% |
| Current portion of amounts payable after more than one year | 42 | €35,271 | €39,089 | +€3,818 | +10.8% |
| Financial debts | 43 | €75,000 | €82,599 | +€7,599 | +10.1% |
| Credit institutions | 430/8 | - | €7,599 | +€7,599 | |
| Other loans | 439 | €75,000 | €75,000 | = | 0.0% |
| Trade debts | 44 | €328,854 | €371,638 | +€42,784 | +13.0% |
| Suppliers | 440/4 | €328,854 | €371,638 | +€42,784 | +13.0% |
| Taxes, remuneration and social security | 45 | €87,559 | €68,945 | -€18,614 | -21.3% |
| Taxes | 450/3 | €38,325 | €25,317 | -€13,008 | -33.9% |
| Remuneration and social security | 454/9 | €49,234 | €43,628 | -€5,606 | -11.4% |
| Other amounts payable | 47/48 | €15,000 | €23,000 | +€8,000 | +53.3% |
| Accrued charges and deferred income | 492/3 | €1,100 | €6,452 | +€5,352 | +486.5% |
| Non-recurring operating income | 76A | €0 | €96 | +€96 | |
| Remuneration, social security and pensions | 62 | €438,301 | €503,639 | +€65,338 | +14.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €46,293 | €51,338 | +€5,045 | +10.9% |
| Other operating charges | 640/8 | €9,642 | €11,687 | +€2,045 | +21.2% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €562,276 | €637,888 | +€75,612 | +13.4% |
| Operating profit (loss) | 9901 | €68,040 | €71,224 | +€3,185 | +4.7% |
| Financial income | 75/76B | €7,597 | €1,030 | -€6,567 | -86.4% |
| Recurring financial income | 75 | €7,597 | €1,030 | -€6,567 | -86.4% |
| Financial charges | 65/66B | €15,120 | €13,122 | -€1,998 | -13.2% |
| Recurring financial charges | 65 | €15,120 | €13,122 | -€1,998 | -13.2% |
| Profit (loss) for the period before taxes | 9903 | €60,517 | €59,132 | -€1,385 | -2.3% |
| Income taxes | 67/77 | €19,166 | €16,930 | -€2,236 | -11.7% |
| Profit (loss) for the period | 9904 | €41,350 | €42,202 | +€851 | +2.1% |
| Profit (loss) for the period to be appropriated | 9905 | €41,350 | €42,202 | +€851 | +2.1% |
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 6 October 2026 via checked.be.