DE SMEDT INSECTS: 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 INSECTS
Largest movements
- Receivables within one year +€35,366
up €35,366 (+20.3%), from €173,909 to €209,275
of which Trade receivables: +€36,295
- Cash +€17,375
up €17,375 (+23.3%), from €74,435 to €91,809
mainly Net result for the year (+€35,607) and Trade debts (+€10,233)
- Profit (loss) carried forward +€21,075
no longer reported in 2025 (was -€21,075)
- Reserves +€14,531
up €14,531 (+6.2%), from €233,799 to €248,330
- Trade debts +€10,233
up €10,233 (+92.8%), from €11,030 to €21,263
- Tax, wage and social debts +€7,843
up €7,843 (+104%), from €7,528 to €15,370
of which Taxes: +€9,346
- Other debts -€4,576
no longer reported in 2025 (was €4,576)
- Other operating charges -€22,041
down €22,041 (-84.6%), from €26,060 to €4,019
- Gross operating margin +€19,156
up €19,156 (+23.8%), from €80,431 to €99,587
- Taxes +€9,994
up €9,994 (+3,123,084%), from €0 to €9,994
- Staff costs +€5,346
up €5,346 (+12.8%), from €41,740 to €47,086
- Depreciation -€3,081
down €3,081 (-50.9%), from €6,054 to €2,973
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 | €257,208 | €306,315 | +€49,106 | +19.1% |
| Fixed assets | 21/28 | €2,973 | - | -€2,973 | |
| Tangible fixed assets | 22/27 | €2,973 | - | -€2,973 | |
| Plant, machinery and equipment | 23 | €1,331 | - | -€1,331 | |
| Furniture and vehicles | 24 | €1,641 | - | -€1,641 | |
| Current assets | 29/58 | €254,235 | €306,315 | +€52,079 | +20.5% |
| Stocks and contracts in progress | 3 | €2,677 | €2,758 | +€81 | +3.0% |
| Stocks | 30/36 | €2,677 | €2,758 | +€81 | +3.0% |
| Amounts receivable within one year | 40/41 | €173,909 | €209,275 | +€35,366 | +20.3% |
| Trade receivables | 40 | €165,909 | €202,204 | +€36,295 | +21.9% |
| Other amounts receivable | 41 | €8,000 | €7,071 | -€929 | -11.6% |
| Cash at bank and in hand | 54/58 | €74,435 | €91,809 | +€17,375 | +23.3% |
| Deferred charges and accrued income | 490/1 | €3,214 | €2,472 | -€743 | -23.1% |
| Total equity and liabilities | 10/49 | €257,208 | €306,315 | +€49,106 | +19.1% |
| Equity | 10/15 | €232,724 | €268,330 | +€35,607 | +15.3% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €233,799 | €248,330 | +€14,531 | +6.2% |
| Distributable reserves | 133 | €233,799 | €248,330 | +€14,531 | +6.2% |
| Profit (loss) carried forward | 14 | -€21,075 | - | +€21,075 | |
| Amounts payable | 17/49 | €24,484 | €37,984 | +€13,500 | +55.1% |
| Amounts payable within one year | 42/48 | €23,134 | €36,634 | +€13,500 | +58.4% |
| Trade debts | 44 | €11,030 | €21,263 | +€10,233 | +92.8% |
| Suppliers | 440/4 | €11,030 | €21,263 | +€10,233 | +92.8% |
| Taxes, remuneration and social security | 45 | €7,528 | €15,370 | +€7,843 | +104% |
| Taxes | 450/3 | €2,482 | €11,828 | +€9,346 | +377% |
| Remuneration and social security | 454/9 | €5,046 | €3,542 | -€1,504 | -29.8% |
| Other amounts payable | 47/48 | €4,576 | - | -€4,576 | |
| Accrued charges and deferred income | 492/3 | €1,350 | €1,350 | = | 0.0% |
| Remuneration, social security and pensions | 62 | €41,740 | €47,086 | +€5,346 | +12.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,054 | €2,973 | -€3,081 | -50.9% |
| Other operating charges | 640/8 | €26,060 | €4,019 | -€22,041 | -84.6% |
| Gross operating margin | 9900 | €80,431 | €99,587 | +€19,156 | +23.8% |
| Operating profit (loss) | 9901 | €6,577 | €45,510 | +€38,933 | +592% |
| Financial income | 75/76B | €200 | €489 | +€289 | +145% |
| Recurring financial income | 75 | €200 | €489 | +€289 | +145% |
| Financial charges | 65/66B | €630 | €398 | -€232 | -36.9% |
| Recurring financial charges | 65 | €630 | €398 | -€232 | -36.9% |
| Profit (loss) for the period before taxes | 9903 | €6,146 | €45,601 | +€39,454 | +642% |
| Income taxes | 67/77 | €0 | €9,994 | +€9,994 | +3,123,084% |
| Profit (loss) for the period | 9904 | €6,146 | €35,607 | +€29,461 | +479% |
| Profit (loss) for the period to be appropriated | 9905 | €6,146 | €35,607 | +€29,461 | +479% |
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 28 October 2026 via checked.be.