SNOWFORCE: 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.
SNOWFORCE
Largest movements
- Receivables within one year -€422,964
down €422,964 (-46.0%), from €920,034 to €497,069
of which Trade receivables: -€219,411
- Cash -€267,345
down €267,345 (-60.1%), from €444,488 to €177,143
mainly Short-term financial debts (-€350,000) and Contributions, distributions and other (-€241,000)
- Receivables after one year +€90,000
up €90,000 (+33.5%), from €268,935 to €358,935
- Short-term financial debts -€350,000
down €350,000 (-28.0%), from €1.3m to €900,000
- Trade debts -€129,169
down €129,169 (-52.4%), from €246,638 to €117,468
- Reserves -€79,200
down €79,200 (-8.3%), from €959,000 to €879,800
- Debts after one year -€72,585
down €72,585 (-7.7%), from €937,615 to €865,030
- Gross operating margin -€295,947
down €295,947 (-56.0%), from €528,563 to €232,616
- Financial income +€233,316
up €233,316 (+551%), from €42,371 to €275,687
- Taxes -€73,592
down €73,592 (-81.0%), from €90,908 to €17,317
- Financial charges +€40,914
up €40,914 (+47.1%), from €86,843 to €127,757
- Staff costs -€10,666
down €10,666 (-6.7%), from €160,113 to €149,447
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 | €4,188,339 | €3,571,859 | -€616,479 | -14.7% |
| Fixed assets | 21/28 | €2,322,398 | €2,283,279 | -€39,120 | -1.7% |
| Tangible fixed assets | 22/27 | €666,378 | €627,259 | -€39,120 | -5.9% |
| Land and buildings | 22 | €658,018 | €620,209 | -€37,809 | -5.7% |
| Plant, machinery and equipment | 23 | €8,361 | €7,050 | -€1,311 | -15.7% |
| Financial fixed assets | 28 | €1,656,020 | €1,656,020 | = | 0.0% |
| Current assets | 29/58 | €1,865,940 | €1,288,581 | -€577,360 | -30.9% |
| Amounts receivable after more than one year | 29 | €268,935 | €358,935 | +€90,000 | +33.5% |
| Other amounts receivable | 291 | €268,935 | €358,935 | +€90,000 | +33.5% |
| Stocks and contracts in progress | 3 | €135,894 | €153,718 | +€17,824 | +13.1% |
| Stocks | 30/36 | €135,894 | €153,718 | +€17,824 | +13.1% |
| Amounts receivable within one year | 40/41 | €920,034 | €497,069 | -€422,964 | -46.0% |
| Trade receivables | 40 | €713,868 | €494,457 | -€219,411 | -30.7% |
| Other amounts receivable | 41 | €206,165 | €2,612 | -€203,553 | -98.7% |
| Cash at bank and in hand | 54/58 | €444,488 | €177,143 | -€267,345 | -60.1% |
| Deferred charges and accrued income | 490/1 | €96,589 | €101,715 | +€5,126 | +5.3% |
| Total equity and liabilities | 10/49 | €4,188,339 | €3,571,859 | -€616,479 | -14.7% |
| Equity | 10/15 | €1,467,748 | €1,388,635 | -€79,113 | -5.4% |
| Contributions | 10/11 | €45,000 | €45,000 | = | 0.0% |
| Reserves | 13 | €959,000 | €879,800 | -€79,200 | -8.3% |
| Distributable reserves | 133 | €959,000 | €879,800 | -€79,200 | -8.3% |
| Profit (loss) carried forward | 14 | €463,748 | €463,835 | +€87 | 0.0% |
| Amounts payable | 17/49 | €2,720,591 | €2,183,224 | -€537,366 | -19.8% |
| Amounts payable after more than one year | 17 | €937,615 | €865,030 | -€72,585 | -7.7% |
| Financial debts | 170/4 | €937,615 | €865,030 | -€72,585 | -7.7% |
| Amounts payable within one year | 42/48 | €1,782,976 | €1,316,059 | -€466,917 | -26.2% |
| Current portion of amounts payable after more than one year | 42 | €171,948 | €177,004 | +€5,055 | +2.9% |
| Financial debts | 43 | €1,250,000 | €900,000 | -€350,000 | -28.0% |
| Other loans | 439 | €1,250,000 | €900,000 | -€350,000 | -28.0% |
| Trade debts | 44 | €246,638 | €117,468 | -€129,169 | -52.4% |
| Suppliers | 440/4 | €246,638 | €117,468 | -€129,169 | -52.4% |
| Taxes, remuneration and social security | 45 | €114,390 | €121,587 | +€7,197 | +6.3% |
| Taxes | 450/3 | €99,956 | €95,607 | -€4,350 | -4.4% |
| Remuneration and social security | 454/9 | €14,434 | €25,981 | +€11,547 | +80.0% |
| Accrued charges and deferred income | 492/3 | - | €2,135 | +€2,135 | |
| Remuneration, social security and pensions | 62 | €160,113 | €149,447 | -€10,666 | -6.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €44,765 | €43,178 | -€1,587 | -3.5% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€1,898 | €0 | +€1,898 | |
| Other operating charges | 640/8 | €16,505 | €8,717 | -€7,788 | -47.2% |
| Gross operating margin | 9900 | €528,563 | €232,616 | -€295,947 | -56.0% |
| Operating profit (loss) | 9901 | €309,077 | €31,274 | -€277,803 | -89.9% |
| Financial income | 75/76B | €42,371 | €275,687 | +€233,316 | +551% |
| Recurring financial income | 75 | €42,371 | €275,687 | +€233,316 | +551% |
| Financial charges | 65/66B | €86,843 | €127,757 | +€40,914 | +47.1% |
| Recurring financial charges | 65 | €86,843 | €127,757 | +€40,914 | +47.1% |
| Profit (loss) for the period before taxes | 9903 | €264,605 | €179,204 | -€85,401 | -32.3% |
| Income taxes | 67/77 | €90,908 | €17,317 | -€73,592 | -81.0% |
| Profit (loss) for the period | 9904 | €173,697 | €161,887 | -€11,810 | -6.8% |
| Profit (loss) for the period to be appropriated | 9905 | €173,697 | €161,887 | -€11,810 | -6.8% |
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 20 October 2026 via checked.be.