DAP SMITS MATTHYS: what changed
What changed
DAP SMITS MATTHYS
NACE 75.000, Veterinary services
filed annual accounts (NBB)
Net result for the year
€138,618
2025 · €77,199+€61,419
Equity
€516,625
2025 · €378,007+€138,618
Cash
€224,850
2025 · €384,825-€159,975
Balance sheet total
€632,826
2025 · €462,694+€170,132
Largest movements
Assets
- Current investments +€350,000
new in 2026: €350,000
- Cash -€159,975
down €159,975 (-41.6%), from €384,825 to €224,850
mainly Current investments (-€350,000) and Investment in fixed assets (net) (-€1,534)
- Tangible fixed assets -€21,689
down €21,689 (-58.1%), from €37,337 to €15,648
of which Land and buildings: -€15,800
Equity and liabilities
- Reserves +€138,618
up €138,618 (+38.6%), from €359,407 to €498,025
- Tax, wage and social debts +€27,808
up €27,808 (+135%), from €20,580 to €48,388
of which Taxes: +€24,722
Income statement
- Gross operating margin +€81,126
up €81,126 (+42.5%), from €190,959 to €272,085
- Write-downs -€34,800
down €34,800 (-100%), from €34,800 to €0
- Taxes +€28,748
up €28,748 (+93.6%), from €30,709 to €59,457
- Staff costs +€25,505
up €25,505 (+118%), from €21,528 to €47,033
Change in the result, 2025 to 2026
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2025
€77,199
Gross operating margin
+€81,126
Staff costs
-€25,505
Depreciation
-€500
Write-downs
+€34,800
Other operating charges
+€62
Financial income
+€228
Financial charges
-€45
Taxes
-€28,748
Result 2026
€138,618
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2025 and 2026 balance sheets and the 2026 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€191,559
Investment
-€351,534
Financing
€0
Cash 2025
€384,825
From operations (derived)
+€191,559
Net result for the year
+€138,618
Depreciation
+€23,223
Smaller working-capital items
-€330
Deferred charges and accrued income
-€1,321
Tax, wage and social debts
+€27,808
Other debts
+€3,560
Investment (derived)
-€351,534
Investment in fixed assets (net)
-€1,534
Current investments
-€350,000
Cash 2026
€224,850
brings cash intakes cash out
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €462,694 | €632,826 | +€170,132 | +36.8% |
| Fixed assets | 21/28 | €37,700 | €16,011 | -€21,689 | -57.5% |
| Tangible fixed assets | 22/27 | €37,337 | €15,648 | -€21,689 | -58.1% |
| Land and buildings | 22 | €16,190 | €390 | -€15,800 | -97.6% |
| Plant, machinery and equipment | 23 | €20,427 | €13,353 | -€7,073 | -34.6% |
| Furniture and vehicles | 24 | €720 | €1,905 | +€1,184 | +164% |
| Financial fixed assets | 28 | €363 | €363 | = | 0.0% |
| Current assets | 29/58 | €424,995 | €616,815 | +€191,821 | +45.1% |
| Stocks and contracts in progress | 3 | €34,636 | €35,373 | +€737 | +2.1% |
| Stocks | 30/36 | €34,636 | €35,373 | +€737 | +2.1% |
| Amounts receivable within one year | 40/41 | €1,633 | €1,371 | -€263 | -16.1% |
| Trade receivables | 40 | €1,633 | €1,371 | -€263 | -16.1% |
| Current investments | 50/53 | - | €350,000 | +€350,000 | |
| Cash at bank and in hand | 54/58 | €384,825 | €224,850 | -€159,975 | -41.6% |
| Deferred charges and accrued income | 490/1 | €3,901 | €5,221 | +€1,321 | +33.9% |
| Total equity and liabilities | 10/49 | €462,694 | €632,826 | +€170,132 | +36.8% |
| Equity | 10/15 | €378,007 | €516,625 | +€138,618 | +36.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €359,407 | €498,025 | +€138,618 | +38.6% |
| Distributable reserves | 133 | €359,407 | €498,025 | +€138,618 | +38.6% |
| Amounts payable | 17/49 | €84,688 | €116,201 | +€31,514 | +37.2% |
| Amounts payable within one year | 42/48 | €84,688 | €116,201 | +€31,514 | +37.2% |
| Trade debts | 44 | €19,856 | €20,001 | +€145 | +0.7% |
| Suppliers | 440/4 | €19,856 | €20,001 | +€145 | +0.7% |
| Taxes, remuneration and social security | 45 | €20,580 | €48,388 | +€27,808 | +135% |
| Taxes | 450/3 | €15,536 | €40,258 | +€24,722 | +159% |
| Remuneration and social security | 454/9 | €5,043 | €8,130 | +€3,087 | +61.2% |
| Other amounts payable | 47/48 | €44,252 | €47,812 | +€3,560 | +8.0% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €21,528 | €47,033 | +€25,505 | +118% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €22,723 | €23,223 | +€500 | +2.2% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €34,800 | €0 | -€34,800 | -100% |
| Other operating charges | 640/8 | €2,817 | €2,755 | -€62 | -2.2% |
| Gross operating margin | 9900 | €190,959 | €272,085 | +€81,126 | +42.5% |
| Operating profit (loss) | 9901 | €109,090 | €199,074 | +€89,983 | +82.5% |
| Financial income | 75/76B | €1 | €229 | +€228 | +24,530% |
| Recurring financial income | 75 | €1 | €229 | +€228 | +24,530% |
| Financial charges | 65/66B | €1,183 | €1,228 | +€45 | +3.8% |
| Recurring financial charges | 65 | €1,183 | €1,228 | +€45 | +3.8% |
| Profit (loss) for the period before taxes | 9903 | €107,908 | €198,075 | +€90,167 | +83.6% |
| Income taxes | 67/77 | €30,709 | €59,457 | +€28,748 | +93.6% |
| Profit (loss) for the period | 9904 | €77,199 | €138,618 | +€61,419 | +79.6% |
| Profit (loss) for the period to be appropriated | 9905 | €77,199 | €138,618 | +€61,419 | +79.6% |
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 March 2025 and 31 March 2026. Green is a favourable move for that line, red an unfavourable one. Prepared on 5 November 2026 via checked.be.