SNOWBIRD IT: 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.
SNOWBIRD IT
Largest movements
- Cash -€37,704
down €37,704 (-33.5%), from €112,450 to €74,746
mainly Investment in fixed assets (net) (-€67,236) and Debts after one year (-€18,923)
- Tangible fixed assets +€30,053
up €30,053 (+11.9%), from €251,635 to €281,688
of which Furniture and vehicles: +€37,536
- Debts after one year -€18,923
down €18,923 (-11.5%), from €164,314 to €145,391
- Tax, wage and social debts +€10,022
new in 2025: €10,022
- Reserves -€6,413
down €6,413 (-3.4%), from €189,480 to €183,066
of which Distributable reserves: -€6,413
- Current portion of long-term debt +€5,142
up €5,142 (+37.3%), from €13,781 to €18,923
- Depreciation +€14,479
up €14,479 (+63.8%), from €22,703 to €37,183
- Other operating charges +€12,253
up €12,253 (+443%), from €2,766 to €15,020
- Gross operating margin -€3,421
down €3,421 (-4.3%), from €79,339 to €75,918
- Taxes -€2,747
down €2,747 (-25.4%), from €10,809 to €8,062
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 | €386,852 | €377,318 | -€9,534 | -2.5% |
| Fixed assets | 21/28 | €251,635 | €281,688 | +€30,053 | +11.9% |
| Tangible fixed assets | 22/27 | €251,635 | €281,688 | +€30,053 | +11.9% |
| Land and buildings | 22 | €224,417 | €217,828 | -€6,589 | -2.9% |
| Plant, machinery and equipment | 23 | €2,026 | €1,131 | -€894 | -44.2% |
| Furniture and vehicles | 24 | €24,378 | €61,915 | +€37,536 | +154% |
| Other tangible fixed assets | 26 | €814 | €814 | = | 0.0% |
| Current assets | 29/58 | €135,218 | €95,630 | -€39,588 | -29.3% |
| Amounts receivable within one year | 40/41 | €22,767 | €20,884 | -€1,883 | -8.3% |
| Trade receivables | 40 | €20,265 | €18,634 | -€1,631 | -8.0% |
| Other amounts receivable | 41 | €2,502 | €2,250 | -€252 | -10.1% |
| Cash at bank and in hand | 54/58 | €112,450 | €74,746 | -€37,704 | -33.5% |
| Total equity and liabilities | 10/49 | €386,852 | €377,318 | -€9,534 | -2.5% |
| Equity | 10/15 | €208,080 | €201,666 | -€6,413 | -3.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €189,480 | €183,066 | -€6,413 | -3.4% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Tax-exempt reserves | 132 | €5,148 | €5,148 | = | 0.0% |
| Distributable reserves | 133 | €182,471 | €176,058 | -€6,413 | -3.5% |
| Amounts payable | 17/49 | €178,772 | €175,651 | -€3,121 | -1.7% |
| Amounts payable after more than one year | 17 | €164,314 | €145,391 | -€18,923 | -11.5% |
| Financial debts | 170/4 | €164,314 | €145,391 | -€18,923 | -11.5% |
| Amounts payable within one year | 42/48 | €14,458 | €30,261 | +€15,802 | +109% |
| Current portion of amounts payable after more than one year | 42 | €13,781 | €18,923 | +€5,142 | +37.3% |
| Trade debts | 44 | €677 | €587 | -€90 | -13.3% |
| Suppliers | 440/4 | €677 | €587 | -€90 | -13.3% |
| Taxes, remuneration and social security | 45 | - | €10,022 | +€10,022 | |
| Taxes | 450/3 | - | €10,022 | +€10,022 | |
| Other amounts payable | 47/48 | - | €728 | +€728 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €22,703 | €37,183 | +€14,479 | +63.8% |
| Other operating charges | 640/8 | €2,766 | €15,020 | +€12,253 | +443% |
| Gross operating margin | 9900 | €79,339 | €75,918 | -€3,421 | -4.3% |
| Operating profit (loss) | 9901 | €53,869 | €23,716 | -€30,153 | -56.0% |
| Financial charges | 65/66B | €4,851 | €5,401 | +€550 | +11.3% |
| Recurring financial charges | 65 | €4,851 | €5,401 | +€550 | +11.3% |
| Profit (loss) for the period before taxes | 9903 | €49,019 | €18,315 | -€30,704 | -62.6% |
| Income taxes | 67/77 | €10,809 | €8,062 | -€2,747 | -25.4% |
| Profit (loss) for the period | 9904 | €38,209 | €10,253 | -€27,957 | -73.2% |
| Profit (loss) for the period to be appropriated | 9905 | €38,209 | €10,253 | -€27,957 | -73.2% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 22 October 2026 via checked.be.