SNOWBALL: 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.
SNOWBALL
Largest movements
- Receivables within one year +€126,637
up €126,637 (+3,405%), from €3,719 to €130,356
of which Other amounts receivable: +€128,353
- Financial fixed assets -€99,751
down €99,751 (-79.8%), from €125,025 to €25,274
- Tangible fixed assets -€96,827
down €96,827 (-4.8%), from €2.0m to €1.9m
of which Land and buildings: -€104,601
- Cash -€87,619
down €87,619 (-41.7%), from €210,193 to €122,573
mainly Receivables within one year (-€126,637) and Debts after one year (-€90,925)
- Debts after one year -€90,925
down €90,925 (-5.8%), from €1.6m to €1.5m
- Other debts -€73,598
down €73,598 (-92.0%), from €79,985 to €6,387
- Profit (loss) carried forward +€57,326
up €57,326 (+10.9%), from €523,832 to €581,157
- Tax, wage and social debts -€53,857
down €53,857 (-58.6%), from €91,902 to €38,045
- Depreciation -€68,944
down €68,944 (-37.7%), from €182,906 to €113,962
- Taxes +€20,781
up €20,781 (+2,403%), from €865 to €21,646
- Gross operating margin +€7,683
up €7,683 (+2.7%), from €287,735 to €295,418
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 | €2,365,102 | €2,207,576 | -€157,526 | -6.7% |
| Fixed assets | 21/28 | €2,149,662 | €1,953,084 | -€196,578 | -9.1% |
| Tangible fixed assets | 22/27 | €2,024,637 | €1,927,810 | -€96,827 | -4.8% |
| Land and buildings | 22 | €2,017,394 | €1,912,793 | -€104,601 | -5.2% |
| Furniture and vehicles | 24 | €7,140 | €9,887 | +€2,747 | +38.5% |
| Other tangible fixed assets | 26 | €103 | €5,131 | +€5,028 | +4,884% |
| Financial fixed assets | 28 | €125,025 | €25,274 | -€99,751 | -79.8% |
| Current assets | 29/58 | €215,440 | €254,492 | +€39,052 | +18.1% |
| Amounts receivable within one year | 40/41 | €3,719 | €130,356 | +€126,637 | +3,405% |
| Trade receivables | 40 | €3,718 | €2,002 | -€1,716 | -46.2% |
| Other amounts receivable | 41 | €1 | €128,354 | +€128,353 | +10,435,210% |
| Cash at bank and in hand | 54/58 | €210,193 | €122,573 | -€87,619 | -41.7% |
| Deferred charges and accrued income | 490/1 | €1,529 | €1,563 | +€34 | +2.2% |
| Total equity and liabilities | 10/49 | €2,365,102 | €2,207,576 | -€157,526 | -6.7% |
| Equity | 10/15 | €524,832 | €582,157 | +€57,326 | +10.9% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €523,832 | €581,157 | +€57,326 | +10.9% |
| Amounts payable | 17/49 | €1,840,270 | €1,625,419 | -€214,852 | -11.7% |
| Amounts payable after more than one year | 17 | €1,579,141 | €1,488,216 | -€90,925 | -5.8% |
| Financial debts | 170/4 | €1,579,141 | €1,488,216 | -€90,925 | -5.8% |
| Amounts payable within one year | 42/48 | €261,130 | €137,203 | -€123,927 | -47.5% |
| Current portion of amounts payable after more than one year | 42 | €86,974 | €90,925 | +€3,951 | +4.5% |
| Trade debts | 44 | €2,269 | €1,847 | -€423 | -18.6% |
| Suppliers | 440/4 | €2,269 | €1,847 | -€423 | -18.6% |
| Taxes, remuneration and social security | 45 | €91,902 | €38,045 | -€53,857 | -58.6% |
| Taxes | 450/3 | €91,902 | €38,045 | -€53,857 | -58.6% |
| Other amounts payable | 47/48 | €79,985 | €6,387 | -€73,598 | -92.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €182,906 | €113,962 | -€68,944 | -37.7% |
| Other operating charges | 640/8 | €8,274 | €6,690 | -€1,584 | -19.1% |
| Gross operating margin | 9900 | €287,735 | €295,418 | +€7,683 | +2.7% |
| Operating profit (loss) | 9901 | €96,555 | €174,766 | +€78,211 | +81.0% |
| Financial income | 75/76B | €1,000 | €1,333 | +€333 | +33.3% |
| Recurring financial income | 75 | €1,000 | €1,333 | +€333 | +33.3% |
| Financial charges | 65/66B | €71,931 | €73,528 | +€1,597 | +2.2% |
| Recurring financial charges | 65 | €71,931 | €73,528 | +€1,597 | +2.2% |
| Profit (loss) for the period before taxes | 9903 | €25,625 | €102,571 | +€76,947 | +300% |
| Income taxes | 67/77 | €865 | €21,646 | +€20,781 | +2,403% |
| Profit (loss) for the period | 9904 | €24,760 | €80,926 | +€56,166 | +227% |
| Profit (loss) for the period to be appropriated | 9905 | €24,760 | €80,926 | +€56,166 | +227% |
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 25 October 2026 via checked.be.