SNOWBRIDGE: what changed
SNOWBRIDGE
Largest movements
- Cash -€88,958
down €88,958 (-39.1%), from €227,396 to €138,438
mainly Contributions, distributions and other (-€297,271) and Receivables within one year (-€35,241)
- Receivables within one year +€35,241
up €35,241 (+19.1%), from €184,119 to €219,360
of which Other amounts receivable: +€44,189
- Tangible fixed assets -€17,119
down €17,119 (-31.7%), from €54,061 to €36,942
of which Furniture and vehicles: -€15,924
- Deferred charges and accrued income +€6,028
up €6,028 (+394%), from €1,532 to €7,560
- Reserves -€211,942
down €211,942 (-99.1%), from €213,802 to €1,860
of which Distributable reserves: -€211,942
- Other debts +€141,935
up €141,935 (+83.0%), from €171,007 to €312,942
- Trade debts +€13,551
up €13,551 (+61.8%), from €21,924 to €35,475
- Tax, wage and social debts -€13,006
down €13,006 (-35.8%), from €36,290 to €23,284
of which Taxes: -€13,006
- Accrued charges and deferred income +€4,786
up €4,786 (+70.5%), from €6,788 to €11,574
- Gross operating margin -€185,750
down €185,750 (-57.9%), from €320,874 to €135,124
- Taxes -€39,989
down €39,989 (-60.6%), from €66,021 to €26,032
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €468,411 | €403,735 | -€64,676 | -13.8% |
| Fixed assets | 21/28 | €55,363 | €38,377 | -€16,987 | -30.7% |
| Intangible fixed assets | 21 | €1,302 | €1,435 | +€133 | +10.2% |
| Tangible fixed assets | 22/27 | €54,061 | €36,942 | -€17,119 | -31.7% |
| Plant, machinery and equipment | 23 | €1,731 | €1,322 | -€408 | -23.6% |
| Furniture and vehicles | 24 | €50,504 | €34,581 | -€15,924 | -31.5% |
| Assets under construction and advance payments | 27 | €1,826 | €1,038 | -€787 | -43.1% |
| Current assets | 29/58 | €413,047 | €365,358 | -€47,689 | -11.5% |
| Amounts receivable within one year | 40/41 | €184,119 | €219,360 | +€35,241 | +19.1% |
| Trade receivables | 40 | €168,547 | €159,598 | -€8,949 | -5.3% |
| Other amounts receivable | 41 | €15,573 | €59,762 | +€44,189 | +284% |
| Current investments | 50/53 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €227,396 | €138,438 | -€88,958 | -39.1% |
| Deferred charges and accrued income | 490/1 | €1,532 | €7,560 | +€6,028 | +394% |
| Total equity and liabilities | 10/49 | €468,411 | €403,735 | -€64,676 | -13.8% |
| Equity | 10/15 | €232,402 | €20,460 | -€211,942 | -91.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €213,802 | €1,860 | -€211,942 | -99.1% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €211,942 | €0 | -€211,942 | -100% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €236,008 | €383,275 | +€147,266 | +62.4% |
| Amounts payable within one year | 42/48 | €229,221 | €371,701 | +€142,480 | +62.2% |
| Financial debts | 43 | €0 | - | = | |
| Credit institutions | 430/8 | €0 | - | = | |
| Trade debts | 44 | €21,924 | €35,475 | +€13,551 | +61.8% |
| Suppliers | 440/4 | €21,924 | €35,475 | +€13,551 | +61.8% |
| Taxes, remuneration and social security | 45 | €36,290 | €23,284 | -€13,006 | -35.8% |
| Taxes | 450/3 | €36,290 | €23,284 | -€13,006 | -35.8% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €171,007 | €312,942 | +€141,935 | +83.0% |
| Accrued charges and deferred income | 492/3 | €6,788 | €11,574 | +€4,786 | +70.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €22,035 | €22,938 | +€903 | +4.1% |
| Other operating charges | 640/8 | €1,167 | €549 | -€618 | -52.9% |
| Gross operating margin | 9900 | €320,874 | €135,124 | -€185,750 | -57.9% |
| Operating profit (loss) | 9901 | €297,671 | €111,636 | -€186,035 | -62.5% |
| Financial income | 75/76B | €479 | €76 | -€403 | -84.1% |
| Recurring financial income | 75 | €479 | €76 | -€403 | -84.1% |
| Financial charges | 65/66B | €1,404 | €352 | -€1,052 | -75.0% |
| Recurring financial charges | 65 | €1,404 | €352 | -€1,052 | -75.0% |
| Profit (loss) for the period before taxes | 9903 | €296,746 | €111,361 | -€185,386 | -62.5% |
| Income taxes | 67/77 | €66,021 | €26,032 | -€39,989 | -60.6% |
| Profit (loss) for the period | 9904 | €230,726 | €85,329 | -€145,397 | -63.0% |
| Profit (loss) for the period to be appropriated | 9905 | €230,726 | €85,329 | -€145,397 | -63.0% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 3 November 2026 via checked.be.