SNOFLA: 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.
SNOFLA
Largest movements
- Tangible fixed assets +€1.0m
up €1.0m (+9.1%), from €11.3m to €12.4m
of which Land and buildings: +€1.1m
- Cash -€489,778
down €489,778 (-56.3%), from €869,488 to €379,710
mainly Investment in fixed assets (net) (-€1.6m) and Receivables within one year (-€266,920)
- Receivables within one year +€266,920
up €266,920 (+59.6%), from €447,791 to €714,710
of which Trade receivables: +€462,495
- Reserves +€717,546
up €717,546 (+16.8%), from €4.3m to €5.0m
of which Distributable reserves: +€717,546
- Other debts +€235,601
up €235,601 (+3.3%), from €7.1m to €7.3m
- Gross operating margin +€622,507
up €622,507 (+43.6%), from €1.4m to €2.0m
- Depreciation +€163,515
up €163,515 (+46.4%), from €352,123 to €515,638
- Taxes +€145,567
up €145,567 (+73.2%), from €198,951 to €344,518
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 | €12,666,160 | €13,480,869 | +€814,708 | +6.4% |
| Fixed assets | 21/28 | €11,346,640 | €12,383,578 | +€1.0m | +9.1% |
| Tangible fixed assets | 22/27 | €11,346,640 | €12,383,578 | +€1.0m | +9.1% |
| Land and buildings | 22 | €11,258,837 | €12,308,956 | +€1.1m | +9.3% |
| Plant, machinery and equipment | 23 | €9,135 | €7,680 | -€1,455 | -15.9% |
| Furniture and vehicles | 24 | €78,669 | €66,942 | -€11,727 | -14.9% |
| Current assets | 29/58 | €1,319,520 | €1,097,291 | -€222,229 | -16.8% |
| Amounts receivable within one year | 40/41 | €447,791 | €714,710 | +€266,920 | +59.6% |
| Trade receivables | 40 | €246,729 | €709,225 | +€462,495 | +187.5% |
| Other amounts receivable | 41 | €201,061 | €5,486 | -€195,575 | -97.3% |
| Cash at bank and in hand | 54/58 | €869,488 | €379,710 | -€489,778 | -56.3% |
| Deferred charges and accrued income | 490/1 | €2,241 | €2,870 | +€629 | +28.1% |
| Total equity and liabilities | 10/49 | €12,666,160 | €13,480,869 | +€814,708 | +6.4% |
| Equity | 10/15 | €4,336,481 | €5,054,027 | +€717,546 | +16.5% |
| Contributions | 10/11 | €63,000 | €63,000 | = | 0.0% |
| Capital | 10 | €63,000 | €63,000 | = | 0.0% |
| Issued capital | 100 | €63,000 | €63,000 | = | 0.0% |
| Reserves | 13 | €4,272,870 | €4,990,416 | +€717,546 | +16.8% |
| Non-distributable reserves | 130/1 | €6,300 | €6,300 | = | 0.0% |
| Legal reserve | 130 | €6,300 | €6,300 | = | 0.0% |
| Tax-exempt reserves | 132 | €21,350 | €21,350 | = | 0.0% |
| Distributable reserves | 133 | €4,245,220 | €4,962,766 | +€717,546 | +16.9% |
| Profit (loss) carried forward | 14 | €611 | €611 | = | 0.0% |
| Amounts payable | 17/49 | €8,329,679 | €8,426,842 | +€97,163 | +1.2% |
| Amounts payable after more than one year | 17 | €966,677 | €833,345 | -€133,332 | -13.8% |
| Financial debts | 170/4 | €966,677 | €833,345 | -€133,332 | -13.8% |
| Amounts payable within one year | 42/48 | €7,323,324 | €7,554,377 | +€231,053 | +3.2% |
| Current portion of amounts payable after more than one year | 42 | €133,332 | €133,332 | = | 0.0% |
| Financial debts | 43 | €0 | - | = | |
| Credit institutions | 430/8 | €0 | - | = | |
| Trade debts | 44 | €40,697 | €33,782 | -€6,915 | -17.0% |
| Suppliers | 440/4 | €40,697 | €33,782 | -€6,915 | -17.0% |
| Taxes, remuneration and social security | 45 | €85,823 | €88,190 | +€2,367 | +2.8% |
| Taxes | 450/3 | €70,779 | €72,355 | +€1,576 | +2.2% |
| Remuneration and social security | 454/9 | €15,044 | €15,835 | +€791 | +5.3% |
| Other amounts payable | 47/48 | €7,063,472 | €7,299,072 | +€235,601 | +3.3% |
| Accrued charges and deferred income | 492/3 | €39,679 | €39,120 | -€558 | -1.4% |
| Remuneration, social security and pensions | 62 | €109,016 | €117,027 | +€8,011 | +7.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €352,123 | €515,638 | +€163,515 | +46.4% |
| Other operating charges | 640/8 | €11,729 | €11,304 | -€425 | -3.6% |
| Gross operating margin | 9900 | €1,427,410 | €2,049,916 | +€622,507 | +43.6% |
| Operating profit (loss) | 9901 | €954,541 | €1,405,947 | +€451,406 | +47.3% |
| Financial income | 75/76B | €41 | €15 | -€26 | -64.3% |
| Recurring financial income | 75 | €41 | €15 | -€26 | -64.3% |
| Financial charges | 65/66B | €323,714 | €343,898 | +€20,185 | +6.2% |
| Recurring financial charges | 65 | €323,714 | €343,898 | +€20,185 | +6.2% |
| Profit (loss) for the period before taxes | 9903 | €630,868 | €1,062,063 | +€431,195 | +68.3% |
| Income taxes | 67/77 | €198,951 | €344,518 | +€145,567 | +73.2% |
| Profit (loss) for the period | 9904 | €431,918 | €717,546 | +€285,628 | +66.1% |
| Profit (loss) for the period to be appropriated | 9905 | €431,918 | €717,546 | +€285,628 | +66.1% |
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 3 October 2026 via checked.be.