SNOWFA: 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.
SNOWFA
Largest movements
- Tangible fixed assets +€60,660
up €60,660 (+299.4%), from €20,261 to €80,921
of which Plant, machinery and equipment: +€61,418
- Cash -€19,974
down €19,974 (-21.8%), from €91,505 to €71,531
mainly Investment in fixed assets (net) (-€90,969) and Trade debts (-€35,262)
- Financial fixed assets +€18,300
new in 2025: €18,300
- Receivables within one year -€10,507
down €10,507 (-25.8%), from €40,741 to €30,234
of which Trade receivables: -€10,295
- Stocks and contracts -€9,031
down €9,031 (-100.0%), from €9,031 to €0
- Debts after one year +€75,635
up €75,635 (+1026.9%), from €7,365 to €83,000
- Trade debts -€35,262
down €35,262 (-87.1%), from €40,477 to €5,215
- Reserves -€15,491
down €15,491 (-18.0%), from €86,000 to €70,508
- Current portion of long-term debt +€12,801
up €12,801 (+173.0%), from €7,397 to €20,198
- Other debts +€5,427
up €5,427 (+810.8%), from €669 to €6,097
- Gross operating margin -€89,983
down €89,983 (-73.9%), from €121,691 to €31,708
- Staff costs -€42,248
down €42,248 (-57.5%), from €73,427 to €31,178
- Taxes -€9,830
down €9,830 (-97.9%), from €10,041 to €212
- Depreciation +€6,501
up €6,501 (+118.0%), from €5,508 to €12,009
- Financial charges +€2,505
up €2,505 (+297.2%), from €843 to €3,348
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €173,780 | €211,612 | +€37,832 | +21.8% |
| Fixed assets | 21/28 | €20,261 | €99,221 | +€78,960 | +389.7% |
| Tangible fixed assets | 22/27 | €20,261 | €80,921 | +€60,660 | +299.4% |
| Plant, machinery and equipment | 23 | €10,315 | €71,734 | +€61,418 | +595.4% |
| Furniture and vehicles | 24 | €9,946 | €9,187 | -€758 | -7.6% |
| Financial fixed assets | 28 | - | €18,300 | +€18,300 | |
| Current assets | 29/58 | €153,519 | €112,391 | -€41,128 | -26.8% |
| Stocks and contracts in progress | 3 | €9,031 | €0 | -€9,031 | -100.0% |
| Stocks | 30/36 | €9,031 | €0 | -€9,031 | -100.0% |
| Amounts receivable within one year | 40/41 | €40,741 | €30,234 | -€10,507 | -25.8% |
| Trade receivables | 40 | €37,241 | €26,946 | -€10,295 | -27.6% |
| Other amounts receivable | 41 | €3,500 | €3,288 | -€212 | -6.0% |
| Cash at bank and in hand | 54/58 | €91,505 | €71,531 | -€19,974 | -21.8% |
| Deferred charges and accrued income | 490/1 | €12,242 | €10,626 | -€1,616 | -13.2% |
| Total equity and liabilities | 10/49 | €173,780 | €211,612 | +€37,832 | +21.8% |
| Equity | 10/15 | €96,000 | €80,508 | -€15,491 | -16.1% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Reserves | 13 | €86,000 | €70,508 | -€15,491 | -18.0% |
| Distributable reserves | 133 | €86,000 | €70,508 | -€15,491 | -18.0% |
| Amounts payable | 17/49 | €77,780 | €131,103 | +€53,323 | +68.6% |
| Amounts payable after more than one year | 17 | €7,365 | €83,000 | +€75,635 | +1026.9% |
| Financial debts | 170/4 | €7,365 | €83,000 | +€75,635 | +1026.9% |
| Amounts payable within one year | 42/48 | €70,415 | €48,104 | -€22,312 | -31.7% |
| Current portion of amounts payable after more than one year | 42 | €7,397 | €20,198 | +€12,801 | +173.0% |
| Trade debts | 44 | €40,477 | €5,215 | -€35,262 | -87.1% |
| Suppliers | 440/4 | €40,477 | €5,215 | -€35,262 | -87.1% |
| Taxes, remuneration and social security | 45 | €21,871 | €16,594 | -€5,278 | -24.1% |
| Taxes | 450/3 | €11,374 | €10,337 | -€1,037 | -9.1% |
| Remuneration and social security | 454/9 | €10,497 | €6,257 | -€4,241 | -40.4% |
| Other amounts payable | 47/48 | €669 | €6,097 | +€5,427 | +810.8% |
| Remuneration, social security and pensions | 62 | €73,427 | €31,178 | -€42,248 | -57.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,508 | €12,009 | +€6,501 | +118.0% |
| Other operating charges | 640/8 | €883 | €520 | -€364 | -41.2% |
| Gross operating margin | 9900 | €121,691 | €31,708 | -€89,983 | -73.9% |
| Operating profit (loss) | 9901 | €41,873 | -€11,999 | -€53,872 | |
| Financial income | 75/76B | €0 | €68 | +€68 | |
| Recurring financial income | 75 | €0 | €68 | +€68 | |
| Financial charges | 65/66B | €843 | €3,348 | +€2,505 | +297.2% |
| Recurring financial charges | 65 | €843 | €3,348 | +€2,505 | +297.2% |
| Profit (loss) for the period before taxes | 9903 | €41,030 | -€15,279 | -€56,309 | |
| Income taxes | 67/77 | €10,041 | €212 | -€9,830 | -97.9% |
| Profit (loss) for the period | 9904 | €30,988 | -€15,491 | -€46,480 | |
| Profit (loss) for the period to be appropriated | 9905 | €30,988 | -€15,491 | -€46,480 |
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 4 October 2026 via checked.be.