AUTOHANDEL E. SMET: 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.
What changed
AUTOHANDEL E. SMET
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€41,048
2024 · €367,049-€326,001
Equity
€18.9m
2024 · €18.9m+€41,048
Cash
€6,782
2024 · €587+€6,195
Balance sheet total
€24.5m
2024 · €25.0m-€457,736
Largest movements
Assets
No asset line moved by more than 1% of the balance sheet total.
Equity and liabilities
- Short-term financial debts -€715,692
down €715,692 (-18.2%), from €3.9m to €3.2m
- Debts after one year -€268,083
down €268,083 (-22.9%), from €1.2m to €902,377
of which Financial debts: -€263,375
Income statement
- Gross operating margin -€230,303
down €230,303 (-21.9%), from €1.1m to €821,432
- Other operating charges +€205,826
up €205,826 (+202%), from €101,912 to €307,738
- Financial charges -€102,293
down €102,293 (-37.3%), from €274,106 to €171,813
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.
Result 2024
€367,049
Gross operating margin
-€230,303
Depreciation
-€3,305
Write-downs
+€1,995
Other operating charges
-€205,826
Financial income
+€28
Financial charges
+€102,293
Taxes
+€9,117
Result 2025
€41,048
raises the resultlowers the result
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.
From operations
+€943,713
Investment
-€68,707
Financing
-€868,811
Cash 2024
€587
From operations (derived)
+€943,713
Net result for the year
+€41,048
Depreciation
+€305,250
Receivables within one year
+€224,276
Deferred charges and accrued income
+€3,113
Provisions
-€4,389
Trade debts
+€203,858
Tax, wage and social debts
-€11,516
Other debts
+€178,948
Accrued charges and deferred income
+€3,125
Investment (derived)
-€68,707
Investment in fixed assets (net)
-€68,707
Financing
-€868,811
Debts after one year
-€268,083
Current portion of long-term debt
+€114,964
Short-term financial debts
-€715,692
Cash 2025
€6,782
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €24,997,181 | €24,539,445 | -€457,736 | -1.8% |
| Fixed assets | 21/28 | €23,596,785 | €23,360,242 | -€236,543 | -1.0% |
| Tangible fixed assets | 22/27 | €23,596,785 | €23,360,242 | -€236,543 | -1.0% |
| Land and buildings | 22 | €23,585,653 | €23,356,139 | -€229,514 | -1.0% |
| Furniture and vehicles | 24 | €11,132 | €4,103 | -€7,029 | -63.1% |
| Current assets | 29/58 | €1,400,396 | €1,179,203 | -€221,194 | -15.8% |
| Amounts receivable within one year | 40/41 | €1,388,921 | €1,164,646 | -€224,276 | -16.1% |
| Trade receivables | 40 | €149,557 | €153,370 | +€3,813 | +2.5% |
| Other amounts receivable | 41 | €1,239,365 | €1,011,276 | -€228,089 | -18.4% |
| Cash at bank and in hand | 54/58 | €587 | €6,782 | +€6,195 | +1,055% |
| Deferred charges and accrued income | 490/1 | €10,888 | €7,775 | -€3,113 | -28.6% |
| Total equity and liabilities | 10/49 | €24,997,181 | €24,539,445 | -€457,736 | -1.8% |
| Equity | 10/15 | €18,882,181 | €18,923,229 | +€41,048 | +0.2% |
| Contributions | 10/11 | €1,165,000 | €1,165,000 | = | 0.0% |
| Revaluation surpluses | 12 | €17,650,225 | €17,650,225 | = | 0.0% |
| Reserves | 13 | €312,696 | €299,531 | -€13,166 | -4.2% |
| Tax-exempt reserves | 132 | €260,922 | €247,756 | -€13,166 | -5.0% |
| Distributable reserves | 133 | €51,774 | €51,774 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€245,740 | -€191,526 | +€54,214 | +22.1% |
| Provisions and deferred taxes | 16 | €65,927 | €61,538 | -€4,389 | -6.7% |
| Deferred taxes | 168 | €65,927 | €61,538 | -€4,389 | -6.7% |
| Amounts payable | 17/49 | €6,049,073 | €5,554,677 | -€494,396 | -8.2% |
| Amounts payable after more than one year | 17 | €1,170,460 | €902,377 | -€268,083 | -22.9% |
| Financial debts | 170/4 | €1,034,900 | €771,525 | -€263,375 | -25.4% |
| Other amounts payable | 178/9 | €135,560 | €130,852 | -€4,708 | -3.5% |
| Amounts payable within one year | 42/48 | €4,878,614 | €4,649,175 | -€229,438 | -4.7% |
| Current portion of amounts payable after more than one year | 42 | €178,411 | €293,375 | +€114,964 | +64.4% |
| Financial debts | 43 | €3,927,359 | €3,211,667 | -€715,692 | -18.2% |
| Credit institutions | 430/8 | €3,927,359 | €3,211,667 | -€715,692 | -18.2% |
| Trade debts | 44 | €13,757 | €217,616 | +€203,858 | +1,482% |
| Suppliers | 440/4 | €13,757 | €217,616 | +€203,858 | +1,482% |
| Taxes, remuneration and social security | 45 | €37,973 | €26,456 | -€11,516 | -30.3% |
| Taxes | 450/3 | €37,973 | €26,456 | -€11,516 | -30.3% |
| Other amounts payable | 47/48 | €721,114 | €900,062 | +€178,948 | +24.8% |
| Accrued charges and deferred income | 492/3 | - | €3,125 | +€3,125 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €301,944 | €305,250 | +€3,305 | +1.1% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €1,995 | €0 | -€1,995 | -100% |
| Other operating charges | 640/8 | €101,912 | €307,738 | +€205,826 | +202% |
| Gross operating margin | 9900 | €1,051,736 | €821,432 | -€230,303 | -21.9% |
| Operating profit (loss) | 9901 | €645,884 | €208,445 | -€437,440 | -67.7% |
| Financial income | 75/76B | €0 | €28 | +€28 | |
| Recurring financial income | 75 | €0 | €28 | +€28 | |
| Financial charges | 65/66B | €274,106 | €171,813 | -€102,293 | -37.3% |
| Recurring financial charges | 65 | €274,106 | €171,813 | -€102,293 | -37.3% |
| Profit (loss) for the period before taxes | 9903 | €371,778 | €36,660 | -€335,118 | -90.1% |
| Transfer from deferred taxes | 780 | €4,389 | €4,389 | = | 0.0% |
| Income taxes | 67/77 | €9,117 | €0 | -€9,117 | -100% |
| Profit (loss) for the period | 9904 | €367,049 | €41,048 | -€326,001 | -88.8% |
| Transfer from tax-exempt reserves | 789 | €13,166 | €13,166 | +€0 | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €380,215 | €54,214 | -€326,001 | -85.7% |
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 15 October 2026 via checked.be.