SNOECK: 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.
SNOECK
Largest movements
- Cash +€47,987
up €47,987 (+29.0%), from €165,473 to €213,460
mainly Net result for the year (+€69,662) and Depreciation (+€22,978)
- Stocks and contracts +€19,827
up €19,827 (+27.8%), from €71,224 to €91,050
- Tangible fixed assets -€9,976
down €9,976 (-2.6%), from €376,808 to €366,832
of which Other tangible fixed assets: -€10,306
- Reserves +€69,662
up €69,662 (+18.3%), from €381,261 to €450,923
of which Distributable reserves: +€69,662
- Debts after one year -€10,958
down €10,958 (-44.0%), from €24,895 to €13,937
- Gross operating margin +€11,047
up €11,047 (+7.6%), from €145,175 to €156,223
- Taxes +€3,734
up €3,734 (+15.3%), from €24,377 to €28,111
- Staff costs +€1,566
up €1,566 (+4.5%), from €35,149 to €36,715
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 | €624,854 | €680,433 | +€55,579 | +8.9% |
| Fixed assets | 21/28 | €376,858 | €366,832 | -€10,026 | -2.7% |
| Tangible fixed assets | 22/27 | €376,808 | €366,832 | -€9,976 | -2.6% |
| Land and buildings | 22 | €115,096 | €113,426 | -€1,669 | -1.5% |
| Plant, machinery and equipment | 23 | €665 | €837 | +€172 | +25.8% |
| Furniture and vehicles | 24 | €4,522 | €6,349 | +€1,828 | +40.4% |
| Other tangible fixed assets | 26 | €256,526 | €246,220 | -€10,306 | -4.0% |
| Financial fixed assets | 28 | €50 | - | -€50 | |
| Current assets | 29/58 | €247,996 | €313,601 | +€65,605 | +26.5% |
| Stocks and contracts in progress | 3 | €71,224 | €91,050 | +€19,827 | +27.8% |
| Stocks | 30/36 | €71,224 | €91,050 | +€19,827 | +27.8% |
| Amounts receivable within one year | 40/41 | €8,510 | €6,199 | -€2,311 | -27.2% |
| Trade receivables | 40 | €8,510 | €6,199 | -€2,311 | -27.2% |
| Cash at bank and in hand | 54/58 | €165,473 | €213,460 | +€47,987 | +29.0% |
| Deferred charges and accrued income | 490/1 | €2,789 | €2,892 | +€103 | +3.7% |
| Total equity and liabilities | 10/49 | €624,854 | €680,433 | +€55,579 | +8.9% |
| Equity | 10/15 | €556,261 | €625,923 | +€69,662 | +12.5% |
| Contributions | 10/11 | €175,000 | €175,000 | = | 0.0% |
| Reserves | 13 | €381,261 | €450,923 | +€69,662 | +18.3% |
| Tax-exempt reserves | 132 | €12,900 | €12,900 | = | 0.0% |
| Distributable reserves | 133 | €368,361 | €438,023 | +€69,662 | +18.9% |
| Amounts payable | 17/49 | €68,593 | €54,510 | -€14,083 | -20.5% |
| Amounts payable after more than one year | 17 | €24,895 | €13,937 | -€10,958 | -44.0% |
| Other amounts payable | 178/9 | €24,895 | €13,937 | -€10,958 | -44.0% |
| Amounts payable within one year | 42/48 | €41,105 | €39,220 | -€1,885 | -4.6% |
| Trade debts | 44 | €8,861 | €8,808 | -€53 | -0.6% |
| Suppliers | 440/4 | €8,861 | €8,808 | -€53 | -0.6% |
| Taxes, remuneration and social security | 45 | €32,245 | €30,413 | -€1,832 | -5.7% |
| Taxes | 450/3 | €22,554 | €21,700 | -€853 | -3.8% |
| Remuneration and social security | 454/9 | €9,691 | €8,712 | -€979 | -10.1% |
| Accrued charges and deferred income | 492/3 | €2,593 | €1,353 | -€1,240 | -47.8% |
| Remuneration, social security and pensions | 62 | €35,149 | €36,715 | +€1,566 | +4.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €23,228 | €22,978 | -€251 | -1.1% |
| Other operating charges | 640/8 | €3,852 | €4,274 | +€422 | +11.0% |
| Non-recurring operating charges | 66A | - | €195 | +€195 | |
| Gross operating margin | 9900 | €145,175 | €156,223 | +€11,047 | +7.6% |
| Operating profit (loss) | 9901 | €82,947 | €92,061 | +€9,115 | +11.0% |
| Financial income | 75/76B | €7,286 | €7,108 | -€179 | -2.5% |
| Recurring financial income | 75 | €7,286 | €7,108 | -€179 | -2.5% |
| Financial charges | 65/66B | €2,667 | €1,395 | -€1,272 | -47.7% |
| Recurring financial charges | 65 | €2,667 | €1,395 | -€1,272 | -47.7% |
| Profit (loss) for the period before taxes | 9903 | €87,566 | €97,774 | +€10,208 | +11.7% |
| Income taxes | 67/77 | €24,377 | €28,111 | +€3,734 | +15.3% |
| Profit (loss) for the period | 9904 | €63,189 | €69,662 | +€6,474 | +10.2% |
| Profit (loss) for the period to be appropriated | 9905 | €63,189 | €69,662 | +€6,474 | +10.2% |
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.