DE SMEDERIJ: what changed
What changed
DE SMEDERIJ
NACE 82.300, Organisation of conventions and trade shows
filed annual accounts (NBB)
Net result for the year
-€32,149
2024 · -€135,339+€103,190
Equity
-€73,320
2024 · -€62,921-€10,399
Cash
€21,486
2024 · €20,481+€1,005
Balance sheet total
€358,668
2024 · €410,855-€52,187
Largest movements
Assets
- Tangible fixed assets -€34,073
down €34,073 (-15.8%), from €215,123 to €181,050
of which Furniture and vehicles: -€17,449
- Deferred charges and accrued income -€26,068
down €26,068 (-48.4%), from €53,847 to €27,779
- Intangible fixed assets +€6,965
up €6,965 (+7.9%), from €88,681 to €95,645
Equity and liabilities
- Current portion of long-term debt -€73,744
down €73,744 (-70.7%), from €104,299 to €30,555
- Profit (loss) carried forward -€32,149
down €32,149 (-14.7%), from -€219,296 to -€251,445
- Debts after one year +€24,445
up €24,445 (+17.0%), from €144,017 to €168,462
of which Financial debts: +€44,445
- Contributions +€21,750
up €21,750 (+14.1%), from €154,250 to €176,000
- Trade debts +€16,798
up €16,798 (+11.3%), from €149,274 to €166,072
Income statement
- Gross operating margin +€59,106
up €59,106 (+21.6%), from €273,824 to €332,931
- Staff costs -€49,498
down €49,498 (-14.5%), from €342,399 to €292,901
- Depreciation +€14,155
up €14,155 (+31.0%), from €45,620 to €59,776
- Other operating charges -€10,430
down €10,430 (-100%), from €10,430 to €0
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.
Result 2024
-€135,339
Gross operating margin
+€59,106
Staff costs
+€49,498
Depreciation
-€14,155
Other operating charges
+€10,430
Financial income
-€3
Financial charges
-€1,687
Result 2025
-€32,149
raises the resultlowers the result
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.
From operations
+€61,222
Investment
-€32,668
Financing
-€27,549
Cash 2024
€20,481
From operations (derived)
+€61,222
Net result for the year
-€32,149
Depreciation
+€59,776
Stocks and contracts
+€2,395
Receivables within one year
-€2,379
Deferred charges and accrued income
+€26,068
Trade debts
+€16,798
Tax, wage and social debts
-€13,247
Other debts
+€3,757
Accrued charges and deferred income
+€204
Investment (derived)
-€32,668
Investment in fixed assets (net)
-€32,668
Financing
-€27,549
Debts after one year
+€24,445
Current portion of long-term debt
-€73,744
Contributions, distributions and other
+€21,750
Cash 2025
€21,486
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €410,855 | €358,668 | -€52,187 | -12.7% |
| Fixed assets | 21/28 | €303,804 | €276,696 | -€27,108 | -8.9% |
| Intangible fixed assets | 21 | €88,681 | €95,645 | +€6,965 | +7.9% |
| Tangible fixed assets | 22/27 | €215,123 | €181,050 | -€34,073 | -15.8% |
| Plant, machinery and equipment | 23 | €23,670 | €19,647 | -€4,024 | -17.0% |
| Furniture and vehicles | 24 | €84,160 | €66,711 | -€17,449 | -20.7% |
| Other tangible fixed assets | 26 | €107,293 | €94,693 | -€12,600 | -11.7% |
| Current assets | 29/58 | €107,051 | €81,972 | -€25,079 | -23.4% |
| Stocks and contracts in progress | 3 | €6,243 | €3,847 | -€2,395 | -38.4% |
| Stocks | 30/36 | €6,243 | €3,847 | -€2,395 | -38.4% |
| Amounts receivable within one year | 40/41 | €26,481 | €28,860 | +€2,379 | +9.0% |
| Trade receivables | 40 | €19,843 | €23,076 | +€3,233 | +16.3% |
| Other amounts receivable | 41 | €6,638 | €5,784 | -€854 | -12.9% |
| Cash at bank and in hand | 54/58 | €20,481 | €21,486 | +€1,005 | +4.9% |
| Deferred charges and accrued income | 490/1 | €53,847 | €27,779 | -€26,068 | -48.4% |
| Total equity and liabilities | 10/49 | €410,855 | €358,668 | -€52,187 | -12.7% |
| Equity | 10/15 | -€62,921 | -€73,320 | -€10,399 | -16.5% |
| Contributions | 10/11 | €154,250 | €176,000 | +€21,750 | +14.1% |
| Reserves | 13 | €2,125 | €2,125 | = | 0.0% |
| Distributable reserves | 133 | €2,125 | €2,125 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€219,296 | -€251,445 | -€32,149 | -14.7% |
| Amounts payable | 17/49 | €473,775 | €431,988 | -€41,788 | -8.8% |
| Amounts payable after more than one year | 17 | €144,017 | €168,462 | +€24,445 | +17.0% |
| Financial debts | 170/4 | €121,175 | €165,621 | +€44,445 | +36.7% |
| Other amounts payable | 178/9 | €22,841 | €2,841 | -€20,000 | -87.6% |
| Amounts payable within one year | 42/48 | €326,212 | €259,775 | -€66,437 | -20.4% |
| Current portion of amounts payable after more than one year | 42 | €104,299 | €30,555 | -€73,744 | -70.7% |
| Trade debts | 44 | €149,274 | €166,072 | +€16,798 | +11.3% |
| Suppliers | 440/4 | €149,274 | €166,072 | +€16,798 | +11.3% |
| Taxes, remuneration and social security | 45 | €49,827 | €36,579 | -€13,247 | -26.6% |
| Taxes | 450/3 | €13,030 | €12,127 | -€902 | -6.9% |
| Remuneration and social security | 454/9 | €36,797 | €24,452 | -€12,345 | -33.5% |
| Other amounts payable | 47/48 | €22,813 | €26,570 | +€3,757 | +16.5% |
| Accrued charges and deferred income | 492/3 | €3,546 | €3,750 | +€204 | +5.7% |
| Remuneration, social security and pensions | 62 | €342,399 | €292,901 | -€49,498 | -14.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €45,620 | €59,776 | +€14,155 | +31.0% |
| Other operating charges | 640/8 | €10,430 | €0 | -€10,430 | -100% |
| Gross operating margin | 9900 | €273,824 | €332,931 | +€59,106 | +21.6% |
| Operating profit (loss) | 9901 | -€124,625 | -€19,746 | +€104,879 | +84.2% |
| Financial income | 75/76B | €3 | €0 | -€3 | -90.7% |
| Recurring financial income | 75 | €3 | €0 | -€3 | -90.7% |
| Financial charges | 65/66B | €10,717 | €12,404 | +€1,687 | +15.7% |
| Recurring financial charges | 65 | €10,717 | €12,404 | +€1,687 | +15.7% |
| Profit (loss) for the period before taxes | 9903 | -€135,339 | -€32,149 | +€103,190 | +76.2% |
| Profit (loss) for the period | 9904 | -€135,339 | -€32,149 | +€103,190 | +76.2% |
| Profit (loss) for the period to be appropriated | 9905 | -€135,339 | -€32,149 | +€103,190 | +76.2% |
Next steps
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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 2 November 2026 via checked.be.