SNOWBALL: 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
SNOWBALL
NACE 70.100, Activities of head offices
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€595,809
2024 · €696,042-€100,234
Equity
€2.2m
2024 · €1.6m+€595,809
Cash
€1.4m
2024 · €823,483+€530,331
Balance sheet total
€2.7m
2024 · €2.3m+€401,857
Largest movements
Assets
- Cash +€530,331
up €530,331 (+64.4%), from €823,483 to €1.4m
mainly Net result for the year (+€595,809) and Current investments (+€94,563)
- Current investments -€94,563
down €94,563 (-100.0%), from €94,563 to €0
- Tangible fixed assets -€42,511
down €42,511 (-4.1%), from €1.0m to €990,214
of which Land and buildings: -€30,738
Equity and liabilities
- Reserves +€595,809
up €595,809 (+38.2%), from €1.6m to €2.2m
- Other debts -€165,069
down €165,069 (-100.0%), from €165,069 to €0
Income statement
- Gross operating margin -€134,067
down €134,067 (-13.4%), from €1.0m to €867,939
- Taxes -€56,838
down €56,838 (-22.7%), from €250,310 to €193,473
- Financial income -€14,847
down €14,847 (-61.2%), from €24,250 to €9,403
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
€696,042
Gross operating margin
-€134,067
Depreciation
-€990
Write-downs
-€310
Other operating charges
-€674
Financial income
-€14,847
Financial charges
-€6,183
Taxes
+€56,838
Result 2025
€595,809
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
+€471,975
Investment
+€80,243
Financing
-€21,887
Cash 2024
€823,483
From operations (derived)
+€471,975
Net result for the year
+€595,809
Depreciation
+€56,830
Receivables within one year
-€2,969
Deferred charges and accrued income
-€5,630
Trade debts
-€17,288
Tax, wage and social debts
+€7,276
Advances received
-€465
Other debts
-€165,069
Accrued charges and deferred income
+€3,481
Investment (derived)
+€80,243
Investment in fixed assets (net)
-€14,320
Current investments
+€94,563
Financing
-€21,887
Debts after one year
-€26,641
Current portion of long-term debt
+€642
Short-term financial debts
+€4,112
Cash 2025
€1.4m
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,325,264 | €2,727,121 | +€401,857 | +17.3% |
| Fixed assets | 21/28 | €1,132,725 | €1,090,214 | -€42,511 | -3.8% |
| Tangible fixed assets | 22/27 | €1,032,725 | €990,214 | -€42,511 | -4.1% |
| Land and buildings | 22 | €993,373 | €962,635 | -€30,738 | -3.1% |
| Plant, machinery and equipment | 23 | €3,800 | €5,761 | +€1,961 | +51.6% |
| Furniture and vehicles | 24 | €35,552 | €21,819 | -€13,733 | -38.6% |
| Financial fixed assets | 28 | €100,000 | €100,000 | = | 0.0% |
| Current assets | 29/58 | €1,192,540 | €1,636,907 | +€444,367 | +37.3% |
| Amounts receivable within one year | 40/41 | €270,308 | €273,278 | +€2,969 | +1.1% |
| Trade receivables | 40 | €26,053 | €30,265 | +€4,213 | +16.2% |
| Other amounts receivable | 41 | €244,255 | €243,012 | -€1,243 | -0.5% |
| Current investments | 50/53 | €94,563 | €0 | -€94,563 | -100.0% |
| Cash at bank and in hand | 54/58 | €823,483 | €1,353,814 | +€530,331 | +64.4% |
| Deferred charges and accrued income | 490/1 | €4,186 | €9,816 | +€5,630 | +134.5% |
| Total equity and liabilities | 10/49 | €2,325,264 | €2,727,121 | +€401,857 | +17.3% |
| Equity | 10/15 | €1,579,135 | €2,174,944 | +€595,809 | +37.7% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Reserves | 13 | €1,560,585 | €2,156,394 | +€595,809 | +38.2% |
| Distributable reserves | 133 | €1,560,585 | €2,156,394 | +€595,809 | +38.2% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €746,129 | €552,177 | -€193,952 | -26.0% |
| Amounts payable after more than one year | 17 | €523,840 | €497,198 | -€26,641 | -5.1% |
| Financial debts | 170/4 | €523,840 | €497,198 | -€26,641 | -5.1% |
| Amounts payable within one year | 42/48 | €221,806 | €51,014 | -€170,792 | -77.0% |
| Current portion of amounts payable after more than one year | 42 | €25,999 | €26,641 | +€642 | +2.5% |
| Financial debts | 43 | €556 | €4,667 | +€4,112 | +740.1% |
| Credit institutions | 430/8 | €556 | €4,667 | +€4,112 | +740.1% |
| Trade debts | 44 | €19,798 | €2,510 | -€17,288 | -87.3% |
| Suppliers | 440/4 | €19,798 | €2,510 | -€17,288 | -87.3% |
| Advances received on contracts in progress | 46 | €465 | €0 | -€465 | -100.0% |
| Taxes, remuneration and social security | 45 | €9,919 | €17,195 | +€7,276 | +73.4% |
| Taxes | 450/3 | €9,919 | €17,195 | +€7,276 | +73.4% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €165,069 | €0 | -€165,069 | -100.0% |
| Accrued charges and deferred income | 492/3 | €484 | €3,965 | +€3,481 | +719.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €55,841 | €56,830 | +€990 | +1.8% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €310 | +€310 | |
| Other operating charges | 640/8 | €1,435 | €2,109 | +€674 | +47.0% |
| Gross operating margin | 9900 | €1,002,007 | €867,939 | -€134,067 | -13.4% |
| Operating profit (loss) | 9901 | €944,731 | €808,690 | -€136,041 | -14.4% |
| Financial income | 75/76B | €24,250 | €9,403 | -€14,847 | -61.2% |
| Recurring financial income | 75 | €24,250 | €9,403 | -€14,847 | -61.2% |
| Financial charges | 65/66B | €22,628 | €28,812 | +€6,183 | +27.3% |
| Recurring financial charges | 65 | €22,628 | €28,812 | +€6,183 | +27.3% |
| Profit (loss) for the period before taxes | 9903 | €946,353 | €789,281 | -€157,071 | -16.6% |
| Income taxes | 67/77 | €250,310 | €193,473 | -€56,838 | -22.7% |
| Profit (loss) for the period | 9904 | €696,042 | €595,809 | -€100,234 | -14.4% |
| Profit (loss) for the period to be appropriated | 9905 | €696,042 | €595,809 | -€100,234 | -14.4% |
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.