De Smedt Data Solutions: 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.
De Smedt Data Solutions
Largest movements
- Cash -€19,745
down €19,745 (-39.6%), from €49,858 to €30,113
mainly Net result for the year (-€19,668) and Debts after one year (-€8,278)
- Tangible fixed assets -€7,381
down €7,381 (-22.2%), from €33,259 to €25,878
- Receivables within one year +€2,178
up €2,178 (+29.8%), from €7,320 to €9,498
of which Trade receivables: +€2,616
- Profit (loss) carried forward -€19,668
down €19,668, from €0 to -€19,668
- Debts after one year -€8,278
down €8,278 (-36.3%), from €22,832 to €14,553
- Trade debts +€1,538
up €1,538 (+120%), from €1,286 to €2,825
- Other debts +€1,153
up €1,153 (+3.4%), from €34,304 to €35,457
- Gross operating margin -€10,166
down €10,166, from €1,812 to -€8,354
- Financial charges -€401
down €401 (-25.4%), from €1,577 to €1,176
- Depreciation -€94
down €94 (-1.0%), from €9,700 to €9,606
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 | €90,502 | €65,553 | -€24,949 | -27.6% |
| Fixed assets | 21/28 | €33,259 | €25,878 | -€7,381 | -22.2% |
| Tangible fixed assets | 22/27 | €33,259 | €25,878 | -€7,381 | -22.2% |
| Furniture and vehicles | 24 | €33,259 | €25,878 | -€7,381 | -22.2% |
| Current assets | 29/58 | €57,243 | €39,675 | -€17,568 | -30.7% |
| Amounts receivable within one year | 40/41 | €7,320 | €9,498 | +€2,178 | +29.8% |
| Trade receivables | 40 | €0 | €2,616 | +€2,616 | |
| Other amounts receivable | 41 | €7,320 | €6,882 | -€438 | -6.0% |
| Cash at bank and in hand | 54/58 | €49,858 | €30,113 | -€19,745 | -39.6% |
| Deferred charges and accrued income | 490/1 | €64 | €64 | -€1 | -0.8% |
| Total equity and liabilities | 10/49 | €90,502 | €65,553 | -€24,949 | -27.6% |
| Equity | 10/15 | €24,054 | €4,386 | -€19,668 | -81.8% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €19,054 | €19,054 | = | 0.0% |
| Distributable reserves | 133 | €19,054 | €19,054 | = | 0.0% |
| Profit (loss) carried forward | 14 | €0 | -€19,668 | -€19,668 | |
| Amounts payable | 17/49 | €66,448 | €61,167 | -€5,281 | -7.9% |
| Amounts payable after more than one year | 17 | €22,832 | €14,553 | -€8,278 | -36.3% |
| Financial debts | 170/4 | €22,832 | €14,553 | -€8,278 | -36.3% |
| Amounts payable within one year | 42/48 | €43,544 | €46,560 | +€3,016 | +6.9% |
| Current portion of amounts payable after more than one year | 42 | €7,954 | €8,278 | +€324 | +4.1% |
| Trade debts | 44 | €1,286 | €2,825 | +€1,538 | +120% |
| Suppliers | 440/4 | €1,286 | €2,825 | +€1,538 | +120% |
| Taxes, remuneration and social security | 45 | €0 | - | = | |
| Taxes | 450/3 | €0 | - | = | |
| Other amounts payable | 47/48 | €34,304 | €35,457 | +€1,153 | +3.4% |
| Accrued charges and deferred income | 492/3 | €73 | €54 | -€19 | -25.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,700 | €9,606 | -€94 | -1.0% |
| Other operating charges | 640/8 | €387 | €400 | +€12 | +3.2% |
| Gross operating margin | 9900 | €1,812 | -€8,354 | -€10,166 | |
| Operating profit (loss) | 9901 | -€8,276 | -€18,360 | -€10,084 | -122% |
| Financial charges | 65/66B | €1,577 | €1,176 | -€401 | -25.4% |
| Recurring financial charges | 65 | €1,577 | €1,176 | -€401 | -25.4% |
| Profit (loss) for the period before taxes | 9903 | -€9,853 | -€19,536 | -€9,683 | -98.3% |
| Income taxes | 67/77 | €128 | €132 | +€4 | +3.1% |
| Profit (loss) for the period | 9904 | -€9,981 | -€19,668 | -€9,687 | -97.1% |
| Profit (loss) for the period to be appropriated | 9905 | -€9,981 | -€19,668 | -€9,687 | -97.1% |
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 25 October 2026 via checked.be.