DE SMAAKNATIE: what changed
DE SMAAKNATIE
Largest movements
- Tangible fixed assets -€1,575
no longer reported in 2025 (was €1,575)
of which Plant, machinery and equipment: -€1,251
- Receivables within one year -€1,259
down €1,259 (-4.7%), from €26,573 to €25,314
of which Trade receivables: -€5,941
- Trade debts -€1,167
down €1,167 (-16.0%), from €7,295 to €6,128
- Short-term financial debts -€1,081
down €1,081 (-26.9%), from €4,023 to €2,942
- Tax, wage and social debts -€898
down €898 (-67.1%), from €1,339 to €441
- Other debts +€374
new in 2025: €374
- Gross operating margin +€2,941
up €2,941 (+70.1%), from €4,195 to €7,136
- Other operating charges -€503
down €503 (-10.6%), from €4,734 to €4,231
- Taxes +€441
new in 2025: €441
- Financial charges +€417
up €417 (+218%), from €191 to €608
- Depreciation -€263
down €263 (-14.3%), from €1,838 to €1,575
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 | €35,361 | €32,869 | -€2,492 | -7.0% |
| Fixed assets | 21/28 | €4,525 | €2,950 | -€1,575 | -34.8% |
| Tangible fixed assets | 22/27 | €1,575 | - | -€1,575 | |
| Plant, machinery and equipment | 23 | €1,251 | - | -€1,251 | |
| Furniture and vehicles | 24 | €324 | - | -€324 | |
| Financial fixed assets | 28 | €2,950 | €2,950 | = | 0.0% |
| Current assets | 29/58 | €30,836 | €29,919 | -€917 | -3.0% |
| Stocks and contracts in progress | 3 | €890 | €890 | = | 0.0% |
| Stocks | 30/36 | €890 | €890 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €26,573 | €25,314 | -€1,259 | -4.7% |
| Trade receivables | 40 | €10,573 | €4,632 | -€5,941 | -56.2% |
| Other amounts receivable | 41 | €16,000 | €20,681 | +€4,681 | +29.3% |
| Cash at bank and in hand | 54/58 | €3,373 | €3,715 | +€342 | +10.1% |
| Total equity and liabilities | 10/49 | €35,361 | €32,869 | -€2,492 | -7.0% |
| Equity | 10/15 | €22,704 | €22,985 | +€281 | +1.2% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €14,700 | €14,700 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,700 | €1,700 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,700 | €1,700 | = | 0.0% |
| Distributable reserves | 133 | €13,000 | €13,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€4,396 | -€4,115 | +€281 | +6.4% |
| Amounts payable | 17/49 | €12,657 | €9,884 | -€2,773 | -21.9% |
| Amounts payable within one year | 42/48 | €12,657 | €9,884 | -€2,773 | -21.9% |
| Financial debts | 43 | €4,023 | €2,942 | -€1,081 | -26.9% |
| Credit institutions | 430/8 | €4,023 | €2,942 | -€1,081 | -26.9% |
| Trade debts | 44 | €7,295 | €6,128 | -€1,167 | -16.0% |
| Suppliers | 440/4 | €7,295 | €6,128 | -€1,167 | -16.0% |
| Taxes, remuneration and social security | 45 | €1,339 | €441 | -€898 | -67.1% |
| Taxes | 450/3 | €1,339 | €441 | -€898 | -67.1% |
| Other amounts payable | 47/48 | - | €374 | +€374 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,838 | €1,575 | -€263 | -14.3% |
| Other operating charges | 640/8 | €4,734 | €4,231 | -€503 | -10.6% |
| Gross operating margin | 9900 | €4,195 | €7,136 | +€2,941 | +70.1% |
| Operating profit (loss) | 9901 | -€2,376 | €1,330 | +€3,706 | |
| Financial income | 75/76B | €5 | - | -€5 | |
| Recurring financial income | 75 | €5 | - | -€5 | |
| Financial charges | 65/66B | €191 | €608 | +€417 | +218% |
| Recurring financial charges | 65 | €191 | €608 | +€417 | +218% |
| Profit (loss) for the period before taxes | 9903 | -€2,562 | €722 | +€3,284 | |
| Income taxes | 67/77 | - | €441 | +€441 | |
| Profit (loss) for the period | 9904 | -€2,562 | €281 | +€2,844 | |
| Profit (loss) for the period to be appropriated | 9905 | -€2,562 | €281 | +€2,844 |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 4 November 2026 via checked.be.