DE SMET: 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.
What changed
DE SMET
NACE 47.762, Retail sale of pets, pet food and pet supplies
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€39,736
2024 · €57,887-€18,151
Equity
€595,763
2024 · €599,070-€3,306
Cash
€139,016
2024 · €136,564+€2,452
Balance sheet total
€1.2m
2024 · €1.3m-€68,178
Largest movements
Assets
- Tangible fixed assets -€67,778
down €67,778 (-10.0%), from €679,624 to €611,846
of which Land and buildings: -€58,276
Equity and liabilities
- Debts after one year -€53,976
down €53,976 (-14.7%), from €366,090 to €312,114
Income statement
- Gross operating margin -€28,426
down €28,426 (-10.0%), from €283,747 to €255,321
- Taxes -€6,820
down €6,820 (-28.6%), from €23,864 to €17,044
- Staff costs -€4,540
down €4,540 (-4.9%), from €92,351 to €87,811
- Depreciation +€3,252
up €3,252 (+4.2%), from €77,051 to €80,303
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.
Result 2024
€57,887
Gross operating margin
-€28,426
Staff costs
+€4,540
Depreciation
-€3,252
Write-downs
-€353
Other operating charges
+€238
Other operating items
+€34
Financial income
-€151
Financial charges
+€2,399
Taxes
+€6,820
Result 2025
€39,736
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
+€108,497
Investment
-€11,869
Financing
-€94,175
Cash 2024
€136,564
From operations (derived)
+€108,497
Net result for the year
+€39,736
Depreciation
+€80,303
Stocks and contracts
+€5,903
Receivables within one year
-€3,285
Deferred charges and accrued income
-€422
Trade debts
-€3,593
Tax, wage and social debts
-€8,531
Other debts
-€865
Accrued charges and deferred income
-€750
Investment (derived)
-€11,869
Investment in fixed assets (net)
-€11,869
Financing
-€94,175
Debts after one year
-€53,976
Current portion of long-term debt
+€351
Short-term financial debts
+€2,492
Contributions, distributions and other
-€43,042
Cash 2025
€139,016
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,292,261 | €1,224,083 | -€68,178 | -5.3% |
| Fixed assets | 21/28 | €683,347 | €614,913 | -€68,434 | -10.0% |
| Intangible fixed assets | 21 | €1,968 | €1,312 | -€656 | -33.3% |
| Tangible fixed assets | 22/27 | €679,624 | €611,846 | -€67,778 | -10.0% |
| Land and buildings | 22 | €616,991 | €558,715 | -€58,276 | -9.4% |
| Plant, machinery and equipment | 23 | €24,588 | €20,332 | -€4,256 | -17.3% |
| Furniture and vehicles | 24 | €38,045 | €32,799 | -€5,246 | -13.8% |
| Financial fixed assets | 28 | €1,755 | €1,755 | = | 0.0% |
| Current assets | 29/58 | €608,914 | €609,170 | +€256 | 0.0% |
| Stocks and contracts in progress | 3 | €443,580 | €437,677 | -€5,903 | -1.3% |
| Stocks | 30/36 | €443,580 | €437,677 | -€5,903 | -1.3% |
| Amounts receivable within one year | 40/41 | €22,888 | €26,173 | +€3,285 | +14.4% |
| Trade receivables | 40 | €6,507 | €9,660 | +€3,152 | +48.4% |
| Other amounts receivable | 41 | €16,380 | €16,513 | +€133 | +0.8% |
| Cash at bank and in hand | 54/58 | €136,564 | €139,016 | +€2,452 | +1.8% |
| Deferred charges and accrued income | 490/1 | €5,882 | €6,304 | +€422 | +7.2% |
| Total equity and liabilities | 10/49 | €1,292,261 | €1,224,083 | -€68,178 | -5.3% |
| Equity | 10/15 | €599,070 | €595,763 | -€3,306 | -0.6% |
| Contributions | 10/11 | €160,000 | €160,000 | = | 0.0% |
| Reserves | 13 | €439,070 | €435,763 | -€3,306 | -0.8% |
| Non-distributable reserves | 130/1 | €16,000 | €16,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €16,000 | €16,000 | = | 0.0% |
| Distributable reserves | 133 | €423,070 | €419,763 | -€3,306 | -0.8% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €693,191 | €628,319 | -€64,872 | -9.4% |
| Amounts payable after more than one year | 17 | €366,090 | €312,114 | -€53,976 | -14.7% |
| Financial debts | 170/4 | €366,090 | €312,114 | -€53,976 | -14.7% |
| Amounts payable within one year | 42/48 | €326,352 | €316,205 | -€10,146 | -3.1% |
| Current portion of amounts payable after more than one year | 42 | €53,625 | €53,976 | +€351 | +0.7% |
| Financial debts | 43 | €10,034 | €12,526 | +€2,492 | +24.8% |
| Credit institutions | 430/8 | €10,034 | €12,526 | +€2,492 | +24.8% |
| Trade debts | 44 | €96,739 | €93,147 | -€3,593 | -3.7% |
| Suppliers | 440/4 | €96,739 | €93,147 | -€3,593 | -3.7% |
| Taxes, remuneration and social security | 45 | €30,791 | €22,260 | -€8,531 | -27.7% |
| Taxes | 450/3 | €24,962 | €13,700 | -€11,262 | -45.1% |
| Remuneration and social security | 454/9 | €5,829 | €8,560 | +€2,731 | +46.9% |
| Other amounts payable | 47/48 | €135,162 | €134,297 | -€865 | -0.6% |
| Accrued charges and deferred income | 492/3 | €750 | €0 | -€750 | -100% |
| Non-recurring operating income | 76A | - | €3,306 | +€3,306 | |
| Remuneration, social security and pensions | 62 | €92,351 | €87,811 | -€4,540 | -4.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €77,051 | €80,303 | +€3,252 | +4.2% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€353 | €0 | +€353 | |
| Other operating charges | 640/8 | €11,058 | €10,819 | -€238 | -2.2% |
| Non-recurring operating charges | 66A | €34 | €0 | -€34 | -100% |
| Gross operating margin | 9900 | €283,747 | €255,321 | -€28,426 | -10.0% |
| Operating profit (loss) | 9901 | €103,606 | €76,387 | -€27,219 | -26.3% |
| Financial income | 75/76B | €220 | €69 | -€151 | -68.7% |
| Recurring financial income | 75 | €220 | €69 | -€151 | -68.7% |
| Financial charges | 65/66B | €22,075 | €19,677 | -€2,399 | -10.9% |
| Recurring financial charges | 65 | €22,075 | €19,677 | -€2,399 | -10.9% |
| Profit (loss) for the period before taxes | 9903 | €81,751 | €56,780 | -€24,971 | -30.5% |
| Income taxes | 67/77 | €23,864 | €17,044 | -€6,820 | -28.6% |
| Profit (loss) for the period | 9904 | €57,887 | €39,736 | -€18,151 | -31.4% |
| Profit (loss) for the period to be appropriated | 9905 | €57,887 | €39,736 | -€18,151 | -31.4% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 18 October 2026 via checked.be.