Badisco - Smets: 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.
Badisco - Smets
Largest movements
- Tangible fixed assets -€30,514
down €30,514 (-37.2%), from €81,921 to €51,407
of which Leasing and similar rights: -€22,672
- Receivables within one year +€17,341
up €17,341 (+310%), from €5,589 to €22,929
of which Trade receivables: +€13,761
- Cash +€14,738
up €14,738 (+409%), from €3,603 to €18,340
mainly Net result for the year (+€19,397) and Investment in fixed assets (net) (+€16,142)
- Profit (loss) carried forward +€19,397
up €19,397, from -€42 to €19,355
- Debts after one year -€18,416
down €18,416 (-36.5%), from €50,523 to €32,107
- Other debts -€12,503
down €12,503 (-100%), from €12,503 to €0
- Trade debts +€10,749
up €10,749 (+125%), from €8,604 to €19,353
- Tax, wage and social debts +€2,736
up €2,736 (+59.3%), from €4,617 to €7,353
- Gross operating margin +€38,516
up €38,516 (+272%), from €14,185 to €52,701
- Taxes +€6,135
up €6,135 (+3,259%), from €188 to €6,324
- Depreciation +€5,347
up €5,347 (+54.6%), from €9,802 to €15,149
- Other operating charges +€2,020
up €2,020 (+171%), from €1,183 to €3,202
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 | €93,106 | €93,972 | +€866 | +0.9% |
| Formation expenses | 20 | €860 | €665 | -€195 | -22.7% |
| Fixed assets | 21/28 | €82,752 | €51,656 | -€31,096 | -37.6% |
| Intangible fixed assets | 21 | €831 | €249 | -€582 | -70.1% |
| Tangible fixed assets | 22/27 | €81,921 | €51,407 | -€30,514 | -37.2% |
| Plant, machinery and equipment | 23 | €8,977 | €1,736 | -€7,242 | -80.7% |
| Furniture and vehicles | 24 | €2,697 | €2,097 | -€600 | -22.2% |
| Leasing and similar rights | 25 | €70,247 | €47,575 | -€22,672 | -32.3% |
| Current assets | 29/58 | €9,495 | €41,652 | +€32,157 | +339% |
| Amounts receivable within one year | 40/41 | €5,589 | €22,929 | +€17,341 | +310% |
| Trade receivables | 40 | €5,194 | €18,955 | +€13,761 | +265% |
| Other amounts receivable | 41 | €395 | €3,975 | +€3,580 | +907% |
| Cash at bank and in hand | 54/58 | €3,603 | €18,340 | +€14,738 | +409% |
| Deferred charges and accrued income | 490/1 | €303 | €382 | +€78 | +25.8% |
| Total equity and liabilities | 10/49 | €93,106 | €93,972 | +€866 | +0.9% |
| Equity | 10/15 | €2,958 | €22,355 | +€19,397 | +656% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€42 | €19,355 | +€19,397 | |
| Amounts payable | 17/49 | €90,148 | €71,617 | -€18,531 | -20.6% |
| Amounts payable after more than one year | 17 | €50,523 | €32,107 | -€18,416 | -36.5% |
| Financial debts | 170/4 | €50,523 | €32,107 | -€18,416 | -36.5% |
| Amounts payable within one year | 42/48 | €39,625 | €39,510 | -€115 | -0.3% |
| Current portion of amounts payable after more than one year | 42 | €13,901 | €12,500 | -€1,400 | -10.1% |
| Financial debts | 43 | - | €303 | +€303 | |
| Other loans | 439 | - | €303 | +€303 | |
| Trade debts | 44 | €8,604 | €19,353 | +€10,749 | +125% |
| Suppliers | 440/4 | €8,604 | €19,353 | +€10,749 | +125% |
| Taxes, remuneration and social security | 45 | €4,617 | €7,353 | +€2,736 | +59.3% |
| Taxes | 450/3 | €4,617 | €7,353 | +€2,736 | +59.3% |
| Other amounts payable | 47/48 | €12,503 | €0 | -€12,503 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,802 | €15,149 | +€5,347 | +54.6% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €162 | €0 | -€162 | -100% |
| Other operating charges | 640/8 | €1,183 | €3,202 | +€2,020 | +171% |
| Non-recurring operating charges | 66A | - | €5,410 | +€5,410 | |
| Gross operating margin | 9900 | €14,185 | €52,701 | +€38,516 | +272% |
| Operating profit (loss) | 9901 | €3,039 | €28,939 | +€25,900 | +852% |
| Financial income | 75/76B | €2 | €86 | +€85 | +5,353% |
| Recurring financial income | 75 | €2 | €86 | +€85 | +5,353% |
| Financial charges | 65/66B | €2,894 | €3,304 | +€410 | +14.2% |
| Recurring financial charges | 65 | €2,894 | €3,304 | +€410 | +14.2% |
| Profit (loss) for the period before taxes | 9903 | €146 | €25,721 | +€25,574 | +17,476% |
| Income taxes | 67/77 | €188 | €6,324 | +€6,135 | +3,259% |
| Profit (loss) for the period | 9904 | -€42 | €19,397 | +€19,439 | |
| Profit (loss) for the period to be appropriated | 9905 | -€42 | €19,397 | +€19,439 |
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 23 October 2026 via checked.be.