WALTER SNOEKX: what changed
WALTER SNOEKX
Largest movements
- Tangible fixed assets +€70,949
up €70,949 (+461%), from €15,403 to €86,352
of which Furniture and vehicles: +€70,949
- Receivables within one year -€24,178
down €24,178 (-20.7%), from €116,952 to €92,774
of which Trade receivables: -€18,904
- Cash +€5,752
up €5,752 (+11.8%), from €48,699 to €54,451
mainly Other debts (+€40,000) and Net result for the year (+€27,211)
- Other debts +€40,000
new in 2025: €40,000
- Debts after one year +€18,153
up €18,153 (+148%), from €12,284 to €30,437
- Reserves -€14,789
down €14,789 (-10.1%), from €146,680 to €131,891
- Current portion of long-term debt +€7,241
new in 2025: €7,241
- Tax, wage and social debts +€2,501
up €2,501 (+53.4%), from €4,680 to €7,181
of which Taxes: +€5,623
- Financial income +€19,953
new in 2025: €19,953
of which Financial income: +€19,953
- Depreciation -€8,197
down €8,197 (-49.9%), from €16,411 to €8,215
- Taxes +€6,753
up €6,753 (+182%), from €3,709 to €10,462
- Gross operating margin -€1,641
down €1,641 (-5.5%), from €29,776 to €28,135
- Other operating charges +€650
up €650 (+127%), from €513 to €1,163
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €183,273 | €235,576 | +€52,303 | +28.5% |
| Fixed assets | 21/28 | €15,403 | €86,352 | +€70,949 | +461% |
| Intangible fixed assets | 21 | €0 | €0 | = | |
| Tangible fixed assets | 22/27 | €15,403 | €86,352 | +€70,949 | +461% |
| Plant, machinery and equipment | 23 | €0 | €0 | = | |
| Furniture and vehicles | 24 | €15,403 | €86,352 | +€70,949 | +461% |
| Current assets | 29/58 | €167,870 | €149,223 | -€18,646 | -11.1% |
| Amounts receivable within one year | 40/41 | €116,952 | €92,774 | -€24,178 | -20.7% |
| Trade receivables | 40 | €24,049 | €5,145 | -€18,904 | -78.6% |
| Other amounts receivable | 41 | €92,903 | €87,629 | -€5,274 | -5.7% |
| Cash at bank and in hand | 54/58 | €48,699 | €54,451 | +€5,752 | +11.8% |
| Deferred charges and accrued income | 490/1 | €2,218 | €1,999 | -€220 | -9.9% |
| Total equity and liabilities | 10/49 | €183,273 | €235,576 | +€52,303 | +28.5% |
| Equity | 10/15 | €165,280 | €150,491 | -€14,789 | -8.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €146,680 | €131,891 | -€14,789 | -10.1% |
| Distributable reserves | 133 | €146,680 | €131,891 | -€14,789 | -10.1% |
| Amounts payable | 17/49 | €17,993 | €85,085 | +€67,092 | +373% |
| Amounts payable after more than one year | 17 | €12,284 | €30,437 | +€18,153 | +148% |
| Financial debts | 170/4 | €12,284 | €30,437 | +€18,153 | +148% |
| Amounts payable within one year | 42/48 | €5,709 | €54,648 | +€48,939 | +857% |
| Current portion of amounts payable after more than one year | 42 | - | €7,241 | +€7,241 | |
| Trade debts | 44 | €1,029 | €227 | -€803 | -78.0% |
| Suppliers | 440/4 | €1,029 | €227 | -€803 | -78.0% |
| Taxes, remuneration and social security | 45 | €4,680 | €7,181 | +€2,501 | +53.4% |
| Taxes | 450/3 | €1,558 | €7,181 | +€5,623 | +361% |
| Remuneration and social security | 454/9 | €3,122 | - | -€3,122 | |
| Other amounts payable | 47/48 | - | €40,000 | +€40,000 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,411 | €8,215 | -€8,197 | -49.9% |
| Other operating charges | 640/8 | €513 | €1,163 | +€650 | +127% |
| Gross operating margin | 9900 | €29,776 | €28,135 | -€1,641 | -5.5% |
| Operating profit (loss) | 9901 | €12,852 | €18,757 | +€5,906 | +46.0% |
| Financial income | 75/76B | - | €19,953 | +€19,953 | |
| Recurring financial income | 75 | - | €19,953 | +€19,953 | |
| Non-recurring financial income | 76B | - | €19,953 | +€19,953 | |
| Financial charges | 65/66B | €813 | €1,038 | +€224 | +27.6% |
| Recurring financial charges | 65 | €813 | €1,038 | +€224 | +27.6% |
| Profit (loss) for the period before taxes | 9903 | €12,038 | €37,672 | +€25,634 | +213% |
| Income taxes | 67/77 | €3,709 | €10,462 | +€6,753 | +182% |
| Profit (loss) for the period | 9904 | €8,329 | €27,211 | +€18,882 | +227% |
| Profit (loss) for the period to be appropriated | 9905 | €8,329 | €27,211 | +€18,882 | +227% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 2 November 2026 via checked.be.