Dakwerken Edwin Smets: what changed
Dakwerken Edwin Smets
Largest movements
- Cash +€163,616
up €163,616 (+63.1%), from €259,247 to €422,863
mainly Net result for the year (+€189,026) and Depreciation (+€103,511)
- Receivables within one year -€69,092
down €69,092 (-85.6%), from €80,752 to €11,660
of which Other amounts receivable: -€59,635
- Tangible fixed assets +€31,936
up €31,936 (+2.2%), from €1.4m to €1.5m
of which Furniture and vehicles: +€40,837
- Reserves +€189,026
up €189,026 (+104%), from €181,860 to €370,886
of which Distributable reserves: +€190,886
- Debts after one year -€110,062
down €110,062 (-11.9%), from €923,761 to €813,699
- Current portion of long-term debt +€44,497
up €44,497 (+95.7%), from €46,482 to €90,979
- Trade debts -€32,558
down €32,558 (-71.7%), from €45,414 to €12,856
- Other debts +€29,532
up €29,532 (+30.7%), from €96,216 to €125,747
- Gross operating margin +€255,842
up €255,842 (+122%), from €209,136 to €464,979
- Staff costs +€57,191
up €57,191 (+1,853%), from €3,087 to €60,278
- Taxes +€56,574
up €56,574 (+235%), from €24,082 to €80,656
- Depreciation +€37,389
up €37,389 (+56.5%), from €66,123 to €103,511
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 | €1,779,673 | €1,904,963 | +€125,290 | +7.0% |
| Fixed assets | 21/28 | €1,438,504 | €1,470,440 | +€31,936 | +2.2% |
| Tangible fixed assets | 22/27 | €1,438,234 | €1,470,170 | +€31,936 | +2.2% |
| Land and buildings | 22 | €1,057,549 | €1,034,572 | -€22,977 | -2.2% |
| Plant, machinery and equipment | 23 | €29,288 | €44,003 | +€14,715 | +50.2% |
| Furniture and vehicles | 24 | €327,338 | €368,175 | +€40,837 | +12.5% |
| Other tangible fixed assets | 26 | €24,059 | €23,420 | -€639 | -2.7% |
| Financial fixed assets | 28 | €270 | €270 | = | 0.0% |
| Current assets | 29/58 | €341,169 | €434,523 | +€93,354 | +27.4% |
| Amounts receivable within one year | 40/41 | €80,752 | €11,660 | -€69,092 | -85.6% |
| Trade receivables | 40 | €21,117 | €11,660 | -€9,457 | -44.8% |
| Other amounts receivable | 41 | €59,635 | €0 | -€59,635 | -100% |
| Cash at bank and in hand | 54/58 | €259,247 | €422,863 | +€163,616 | +63.1% |
| Deferred charges and accrued income | 490/1 | €1,170 | €0 | -€1,170 | -100% |
| Total equity and liabilities | 10/49 | €1,779,673 | €1,904,963 | +€125,290 | +7.0% |
| Equity | 10/15 | €609,008 | €798,034 | +€189,026 | +31.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Capital | 10 | €18,600 | - | -€18,600 | |
| Issued capital | 100 | €18,600 | - | -€18,600 | |
| Reserves | 13 | €181,860 | €370,886 | +€189,026 | +104% |
| Non-distributable reserves | 130/1 | €1,860 | - | -€1,860 | |
| Reserves not available under the articles | 1311 | €1,860 | - | -€1,860 | |
| Tax-exempt reserves | 132 | €65,000 | €65,000 | = | 0.0% |
| Distributable reserves | 133 | €115,000 | €305,886 | +€190,886 | +166% |
| Profit (loss) carried forward | 14 | €408,548 | €408,548 | = | 0.0% |
| Amounts payable | 17/49 | €1,170,665 | €1,106,929 | -€63,736 | -5.4% |
| Amounts payable after more than one year | 17 | €923,761 | €813,699 | -€110,062 | -11.9% |
| Financial debts | 170/4 | €923,761 | €813,699 | -€110,062 | -11.9% |
| Amounts payable within one year | 42/48 | €246,904 | €293,230 | +€46,326 | +18.8% |
| Current portion of amounts payable after more than one year | 42 | €46,482 | €90,979 | +€44,497 | +95.7% |
| Trade debts | 44 | €45,414 | €12,856 | -€32,558 | -71.7% |
| Suppliers | 440/4 | €45,414 | €12,856 | -€32,558 | -71.7% |
| Taxes, remuneration and social security | 45 | €58,792 | €63,647 | +€4,855 | +8.3% |
| Taxes | 450/3 | €16,870 | €53,638 | +€36,768 | +218% |
| Remuneration and social security | 454/9 | €41,922 | €10,009 | -€31,913 | -76.1% |
| Other amounts payable | 47/48 | €96,216 | €125,747 | +€29,532 | +30.7% |
| Remuneration, social security and pensions | 62 | €3,087 | €60,278 | +€57,191 | +1,853% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €66,123 | €103,511 | +€37,389 | +56.5% |
| Other operating charges | 640/8 | €7,103 | €10,973 | +€3,871 | +54.5% |
| Gross operating margin | 9900 | €209,136 | €464,979 | +€255,842 | +122% |
| Operating profit (loss) | 9901 | €132,824 | €290,216 | +€157,392 | +118% |
| Financial income | 75/76B | €65 | €1 | -€64 | -98.6% |
| Recurring financial income | 75 | €65 | €1 | -€64 | -98.6% |
| Financial charges | 65/66B | €17,415 | €20,535 | +€3,120 | +17.9% |
| Recurring financial charges | 65 | €17,415 | €20,535 | +€3,120 | +17.9% |
| Profit (loss) for the period before taxes | 9903 | €115,474 | €269,682 | +€154,208 | +134% |
| Income taxes | 67/77 | €24,082 | €80,656 | +€56,574 | +235% |
| Profit (loss) for the period | 9904 | €91,392 | €189,026 | +€97,634 | +107% |
| Profit (loss) for the period to be appropriated | 9905 | €91,392 | €189,026 | +€97,634 | +107% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 2 November 2026 via checked.be.