Snowcap: 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.
Snowcap
Largest movements
- Receivables within one year +€117,554
up €117,554 (+1,147%), from €10,247 to €127,801
of which Other amounts receivable: +€117,554
- Cash -€9,743
down €9,743 (-7.5%), from €130,499 to €120,756
mainly Contributions, distributions and other (-€227,377) and Receivables within one year (-€117,554)
- Accrued charges and deferred income +€165,367
new in 2025: €165,367
- Reserves -€135,645
down €135,645 (-100%), from €135,645 to €0
- Other debts +€77,377
new in 2025: €77,377
- Gross operating margin +€14,426
up €14,426 (+13.7%), from €105,383 to €119,809
- Taxes +€3,622
up €3,622 (+17.6%), from €20,610 to €24,233
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 | €141,440 | €249,871 | +€108,431 | +76.7% |
| Fixed assets | 21/28 | €693 | €1,314 | +€621 | +89.5% |
| Tangible fixed assets | 22/27 | €693 | €1,314 | +€621 | +89.5% |
| Plant, machinery and equipment | 23 | €346 | €166 | -€180 | -52.1% |
| Furniture and vehicles | 24 | €347 | €1,148 | +€801 | +231% |
| Current assets | 29/58 | €140,747 | €248,557 | +€107,811 | +76.6% |
| Amounts receivable within one year | 40/41 | €10,247 | €127,801 | +€117,554 | +1,147% |
| Trade receivables | 40 | €0 | - | = | |
| Other amounts receivable | 41 | €10,247 | €127,801 | +€117,554 | +1,147% |
| Cash at bank and in hand | 54/58 | €130,499 | €120,756 | -€9,743 | -7.5% |
| Total equity and liabilities | 10/49 | €141,440 | €249,871 | +€108,431 | +76.7% |
| Equity | 10/15 | €139,145 | €3,500 | -€135,645 | -97.5% |
| Contributions | 10/11 | €3,500 | €3,500 | = | 0.0% |
| Reserves | 13 | €135,645 | €0 | -€135,645 | -100% |
| Distributable reserves | 133 | €135,645 | €0 | -€135,645 | -100% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €2,295 | €246,371 | +€244,076 | +10,636% |
| Amounts payable within one year | 42/48 | €2,295 | €81,005 | +€78,710 | +3,430% |
| Trade debts | 44 | €2,295 | €3,627 | +€1,332 | +58.1% |
| Suppliers | 440/4 | €2,295 | €3,627 | +€1,332 | +58.1% |
| Taxes, remuneration and social security | 45 | €0 | - | = | |
| Taxes | 450/3 | €0 | - | = | |
| Other amounts payable | 47/48 | - | €77,377 | +€77,377 | |
| Accrued charges and deferred income | 492/3 | - | €165,367 | +€165,367 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €359 | €438 | +€79 | +22.1% |
| Other operating charges | 640/8 | €191 | €544 | +€353 | +185% |
| Gross operating margin | 9900 | €105,383 | €119,809 | +€14,426 | +13.7% |
| Operating profit (loss) | 9901 | €104,833 | €118,827 | +€13,993 | +13.3% |
| Financial income | 75/76B | €3 | €344 | +€341 | +10,710% |
| Recurring financial income | 75 | €3 | €344 | +€341 | +10,710% |
| Financial charges | 65/66B | €3,417 | €3,206 | -€211 | -6.2% |
| Recurring financial charges | 65 | €3,417 | €3,206 | -€211 | -6.2% |
| Profit (loss) for the period before taxes | 9903 | €101,419 | €115,965 | +€14,545 | +14.3% |
| Income taxes | 67/77 | €20,610 | €24,233 | +€3,622 | +17.6% |
| Profit (loss) for the period | 9904 | €80,809 | €91,732 | +€10,923 | +13.5% |
| Profit (loss) for the period to be appropriated | 9905 | €80,809 | €91,732 | +€10,923 | +13.5% |
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 14 October 2026 via checked.be.