Daems - Smolders: 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.
Daems - Smolders
Largest movements
- Intangible fixed assets -€50,000
down €50,000 (-11.9%), from €418,882 to €368,882
- Receivables within one year +€18,683
up €18,683 (+81.3%), from €22,977 to €41,660
of which Other amounts receivable: +€22,053
- Other debts +€200,318
new in 2025: €200,318
- Reserves -€135,865
down €135,865 (-96.2%), from €141,209 to €5,345
- Debts after one year -€64,668
down €64,668 (-22.2%), from €291,086 to €226,417
- Tax, wage and social debts -€35,231
down €35,231 (-71.8%), from €49,092 to €13,860
of which Taxes: -€41,585
- Gross operating margin +€74,558
up €74,558 (+33.7%), from €221,039 to €295,597
- Staff costs +€52,354
up €52,354 (+75.7%), from €69,199 to €121,552
- Depreciation +€11,142
up €11,142 (+26.0%), from €42,843 to €53,985
- Taxes +€5,953
up €5,953 (+27.1%), from €22,002 to €27,955
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 | €660,964 | €631,275 | -€29,689 | -4.5% |
| Fixed assets | 21/28 | €437,659 | €390,016 | -€47,644 | -10.9% |
| Intangible fixed assets | 21 | €418,882 | €368,882 | -€50,000 | -11.9% |
| Tangible fixed assets | 22/27 | €18,569 | €20,926 | +€2,356 | +12.7% |
| Furniture and vehicles | 24 | €4,754 | €2,893 | -€1,861 | -39.1% |
| Other tangible fixed assets | 26 | €13,816 | €18,033 | +€4,217 | +30.5% |
| Financial fixed assets | 28 | €208 | €208 | = | 0.0% |
| Current assets | 29/58 | €223,304 | €241,259 | +€17,955 | +8.0% |
| Amounts receivable within one year | 40/41 | €22,977 | €41,660 | +€18,683 | +81.3% |
| Trade receivables | 40 | €22,977 | €19,607 | -€3,370 | -14.7% |
| Other amounts receivable | 41 | - | €22,053 | +€22,053 | |
| Cash at bank and in hand | 54/58 | €139,763 | €138,919 | -€844 | -0.6% |
| Deferred charges and accrued income | 490/1 | €60,565 | €60,681 | +€116 | +0.2% |
| Total equity and liabilities | 10/49 | €660,964 | €631,275 | -€29,689 | -4.5% |
| Equity | 10/15 | €156,209 | €20,345 | -€135,865 | -87.0% |
| Contributions | 10/11 | €15,000 | €15,000 | = | 0.0% |
| Reserves | 13 | €141,209 | €5,345 | -€135,865 | -96.2% |
| Distributable reserves | 133 | €141,209 | €5,345 | -€135,865 | -96.2% |
| Amounts payable | 17/49 | €504,755 | €610,930 | +€106,176 | +21.0% |
| Amounts payable after more than one year | 17 | €291,086 | €226,417 | -€64,668 | -22.2% |
| Financial debts | 170/4 | €291,086 | €226,417 | -€64,668 | -22.2% |
| Amounts payable within one year | 42/48 | €213,669 | €384,513 | +€170,844 | +80.0% |
| Current portion of amounts payable after more than one year | 42 | €24,357 | €24,668 | +€311 | +1.3% |
| Trade debts | 44 | €140,220 | €145,667 | +€5,447 | +3.9% |
| Suppliers | 440/4 | €140,220 | €145,667 | +€5,447 | +3.9% |
| Taxes, remuneration and social security | 45 | €49,092 | €13,860 | -€35,231 | -71.8% |
| Taxes | 450/3 | €41,585 | - | -€41,585 | |
| Remuneration and social security | 454/9 | €7,507 | €13,860 | +€6,353 | +84.6% |
| Other amounts payable | 47/48 | - | €200,318 | +€200,318 | |
| Remuneration, social security and pensions | 62 | €69,199 | €121,552 | +€52,354 | +75.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €42,843 | €53,985 | +€11,142 | +26.0% |
| Other operating charges | 640/8 | €118 | €120 | +€2 | +1.7% |
| Gross operating margin | 9900 | €221,039 | €295,597 | +€74,558 | +33.7% |
| Operating profit (loss) | 9901 | €108,879 | €119,939 | +€11,060 | +10.2% |
| Financial income | 75/76B | €766 | €26 | -€740 | -96.6% |
| Recurring financial income | 75 | €766 | €26 | -€740 | -96.6% |
| Financial charges | 65/66B | €3,023 | €5,666 | +€2,643 | +87.4% |
| Recurring financial charges | 65 | €3,023 | €5,666 | +€2,643 | +87.4% |
| Profit (loss) for the period before taxes | 9903 | €106,622 | €114,299 | +€7,678 | +7.2% |
| Income taxes | 67/77 | €22,002 | €27,955 | +€5,953 | +27.1% |
| Profit (loss) for the period | 9904 | €84,620 | €86,345 | +€1,725 | +2.0% |
| Profit (loss) for the period to be appropriated | 9905 | €84,620 | €86,345 | +€1,725 | +2.0% |
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 29 October 2026 via checked.be.