SNOWMAN KNOWS: 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.
SNOWMAN KNOWS
Largest movements
- Receivables within one year +€40,841
up €40,841 (+131%), from €31,059 to €71,899
of which Trade receivables: +€37,426
- Cash -€28,031
down €28,031 (-60.7%), from €46,206 to €18,175
mainly Contributions, distributions and other (-€100,000) and Receivables within one year (-€40,841)
- Current investments +€25,000
up €25,000 (+25.0%), from €100,000 to €125,000
- Tangible fixed assets -€11,884
down €11,884 (-7.7%), from €154,531 to €142,647
- Other debts +€91,222
up €91,222 (+29,789%), from €306 to €91,528
- Reserves -€42,441
down €42,441 (-10.4%), from €408,215 to €365,774
- Debts after one year -€12,500
down €12,500 (-18.8%), from €66,666 to €54,166
- Tax, wage and social debts -€9,375
down €9,375 (-45.3%), from €20,703 to €11,328
of which Taxes: -€6,915
- Gross operating margin -€33,325
down €33,325 (-28.2%), from €118,126 to €84,801
- Taxes -€8,090
down €8,090 (-35.0%), from €23,114 to €15,024
- Financial income -€7,249
down €7,249 (-87.2%), from €8,312 to €1,063
- Depreciation -€1,286
down €1,286 (-9.8%), from €13,170 to €11,884
From the 2025 result to the 2026 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 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €539,467 | €565,849 | +€26,382 | +4.9% |
| Fixed assets | 21/28 | €362,202 | €350,318 | -€11,884 | -3.3% |
| Tangible fixed assets | 22/27 | €154,531 | €142,647 | -€11,884 | -7.7% |
| Other tangible fixed assets | 26 | €154,531 | €142,647 | -€11,884 | -7.7% |
| Financial fixed assets | 28 | €207,671 | €207,671 | = | 0.0% |
| Current assets | 29/58 | €177,265 | €215,532 | +€38,266 | +21.6% |
| Amounts receivable within one year | 40/41 | €31,059 | €71,899 | +€40,841 | +131% |
| Trade receivables | 40 | €29,179 | €66,605 | +€37,426 | +128% |
| Other amounts receivable | 41 | €1,880 | €5,294 | +€3,415 | +182% |
| Current investments | 50/53 | €100,000 | €125,000 | +€25,000 | +25.0% |
| Cash at bank and in hand | 54/58 | €46,206 | €18,175 | -€28,031 | -60.7% |
| Deferred charges and accrued income | 490/1 | - | €457 | +€457 | |
| Total equity and liabilities | 10/49 | €539,467 | €565,849 | +€26,382 | +4.9% |
| Equity | 10/15 | €438,215 | €395,774 | -€42,441 | -9.7% |
| Contributions | 10/11 | €30,000 | €30,000 | = | 0.0% |
| Reserves | 13 | €408,215 | €365,774 | -€42,441 | -10.4% |
| Distributable reserves | 133 | €408,215 | €365,774 | -€42,441 | -10.4% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €101,252 | €170,075 | +€68,823 | +68.0% |
| Amounts payable after more than one year | 17 | €66,666 | €54,166 | -€12,500 | -18.8% |
| Financial debts | 170/4 | €66,666 | €54,166 | -€12,500 | -18.8% |
| Amounts payable within one year | 42/48 | €34,586 | €115,909 | +€81,323 | +235% |
| Current portion of amounts payable after more than one year | 42 | €12,500 | €12,500 | = | 0.0% |
| Trade debts | 44 | €1,077 | €553 | -€524 | -48.7% |
| Suppliers | 440/4 | €1,077 | €553 | -€524 | -48.7% |
| Taxes, remuneration and social security | 45 | €20,703 | €11,328 | -€9,375 | -45.3% |
| Taxes | 450/3 | €18,243 | €11,328 | -€6,915 | -37.9% |
| Remuneration and social security | 454/9 | €2,460 | €0 | -€2,460 | -100% |
| Other amounts payable | 47/48 | €306 | €91,528 | +€91,222 | +29,789% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,170 | €11,884 | -€1,286 | -9.8% |
| Other operating charges | 640/8 | €267 | €274 | +€7 | +2.4% |
| Gross operating margin | 9900 | €118,126 | €84,801 | -€33,325 | -28.2% |
| Operating profit (loss) | 9901 | €104,688 | €72,643 | -€32,045 | -30.6% |
| Financial income | 75/76B | €8,312 | €1,063 | -€7,249 | -87.2% |
| Recurring financial income | 75 | €8,312 | €1,063 | -€7,249 | -87.2% |
| Financial charges | 65/66B | €1,285 | €1,123 | -€161 | -12.6% |
| Recurring financial charges | 65 | €1,285 | €1,123 | -€161 | -12.6% |
| Profit (loss) for the period before taxes | 9903 | €111,716 | €72,583 | -€39,133 | -35.0% |
| Income taxes | 67/77 | €23,114 | €15,024 | -€8,090 | -35.0% |
| Profit (loss) for the period | 9904 | €88,602 | €57,559 | -€31,043 | -35.0% |
| Profit (loss) for the period to be appropriated | 9905 | €88,602 | €57,559 | -€31,043 | -35.0% |
Source: filed annual accounts (NBB), financial years ended 31 March 2025 and 31 March 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 25 October 2026 via checked.be.