Snowshine: 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.
Snowshine
Largest movements
- Receivables within one year -€42,121
down €42,121 (-63.2%), from €66,690 to €24,569
of which Trade receivables: -€47,008
- Cash -€21,014
down €21,014 (-17.9%), from €117,390 to €96,377
mainly Contributions, distributions and other (-€80,000) and Deferred charges and accrued income (-€16,238)
- Deferred charges and accrued income +€16,238
up €16,238 (+363.8%), from €4,464 to €20,702
- Tangible fixed assets -€15,490
down €15,490 (-24.5%), from €63,285 to €47,795
of which Leasing and similar rights: -€10,047
- Current investments -€10,535
no longer reported in 2025 (was €10,535)
- Reserves -€45,522
down €45,522 (-20.6%), from €220,821 to €175,299
- Tax, wage and social debts -€12,955
down €12,955 (-81.8%), from €15,839 to €2,883
- Debts after one year -€5,998
no longer reported in 2025 (was €5,998)
- Current portion of long-term debt -€4,199
down €4,199 (-41.2%), from €10,197 to €5,998
- Gross operating margin -€22,345
down €22,345 (-26.7%), from €83,756 to €61,411
- Taxes -€4,935
down €4,935 (-34.1%), from €14,471 to €9,536
- Depreciation +€4,617
up €4,617 (+42.5%), from €10,873 to €15,490
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 | €262,365 | €189,443 | -€72,922 | -27.8% |
| Fixed assets | 21/28 | €63,285 | €47,795 | -€15,490 | -24.5% |
| Tangible fixed assets | 22/27 | €63,285 | €47,795 | -€15,490 | -24.5% |
| Land and buildings | 22 | €46,280 | €41,651 | -€4,629 | -10.0% |
| Furniture and vehicles | 24 | €1,096 | €283 | -€813 | -74.2% |
| Leasing and similar rights | 25 | €15,909 | €5,861 | -€10,047 | -63.2% |
| Current assets | 29/58 | €199,079 | €141,648 | -€57,432 | -28.8% |
| Amounts receivable within one year | 40/41 | €66,690 | €24,569 | -€42,121 | -63.2% |
| Trade receivables | 40 | €65,113 | €18,105 | -€47,008 | -72.2% |
| Other amounts receivable | 41 | €1,577 | €6,464 | +€4,887 | +309.8% |
| Current investments | 50/53 | €10,535 | - | -€10,535 | |
| Cash at bank and in hand | 54/58 | €117,390 | €96,377 | -€21,014 | -17.9% |
| Deferred charges and accrued income | 490/1 | €4,464 | €20,702 | +€16,238 | +363.8% |
| Total equity and liabilities | 10/49 | €262,365 | €189,443 | -€72,922 | -27.8% |
| Equity | 10/15 | €220,821 | €175,299 | -€45,522 | -20.6% |
| Reserves | 13 | €220,821 | €175,299 | -€45,522 | -20.6% |
| Distributable reserves | 133 | €220,821 | €175,299 | -€45,522 | -20.6% |
| Amounts payable | 17/49 | €41,544 | €14,144 | -€27,400 | -66.0% |
| Amounts payable after more than one year | 17 | €5,998 | - | -€5,998 | |
| Financial debts | 170/4 | €5,998 | - | -€5,998 | |
| Amounts payable within one year | 42/48 | €34,021 | €14,144 | -€19,877 | -58.4% |
| Current portion of amounts payable after more than one year | 42 | €10,197 | €5,998 | -€4,199 | -41.2% |
| Trade debts | 44 | €1,324 | €840 | -€484 | -36.5% |
| Suppliers | 440/4 | €1,324 | €840 | -€484 | -36.5% |
| Taxes, remuneration and social security | 45 | €15,839 | €2,883 | -€12,955 | -81.8% |
| Taxes | 450/3 | €15,839 | €2,883 | -€12,955 | -81.8% |
| Other amounts payable | 47/48 | €6,662 | €4,423 | -€2,239 | -33.6% |
| Accrued charges and deferred income | 492/3 | €1,525 | - | -€1,525 | |
| Non-recurring operating income | 76A | €8,404 | €2,739 | -€5,665 | -67.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,873 | €15,490 | +€4,617 | +42.5% |
| Other operating charges | 640/8 | €1,447 | €1,676 | +€229 | +15.8% |
| Gross operating margin | 9900 | €83,756 | €61,411 | -€22,345 | -26.7% |
| Operating profit (loss) | 9901 | €71,436 | €44,245 | -€27,191 | -38.1% |
| Financial income | 75/76B | €174 | €64 | -€110 | -63.1% |
| Recurring financial income | 75 | €174 | €64 | -€110 | -63.1% |
| Financial charges | 65/66B | €342 | €295 | -€47 | -13.8% |
| Recurring financial charges | 65 | €342 | €295 | -€47 | -13.8% |
| Profit (loss) for the period before taxes | 9903 | €71,267 | €44,014 | -€27,253 | -38.2% |
| Income taxes | 67/77 | €14,471 | €9,536 | -€4,935 | -34.1% |
| Profit (loss) for the period | 9904 | €56,796 | €34,478 | -€22,318 | -39.3% |
| Profit (loss) for the period to be appropriated | 9905 | €56,796 | €34,478 | -€22,318 | -39.3% |
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 3 October 2026 via checked.be.