DE SMET AGRO: what changed
What changed
DE SMET AGRO
NACE 71.121, Engineering and related technical consultancy, excluding land surveyors
filed annual accounts (NBB)
Net result for the year
€823,693
2024 · -€886,798+€1.7m
Equity
€1.3m
2024 · €457,960+€823,693
Cash
€2.0m
2024 · €1.4m+€550,738
Balance sheet total
€3.5m
2024 · €2.2m+€1.3m
Largest movements
Assets
- Receivables within one year +€795,941
up €795,941 (+171%), from €465,546 to €1.3m
of which Trade receivables: +€694,934
- Cash +€550,738
up €550,738 (+38.4%), from €1.4m to €2.0m
mainly Net result for the year (+€823,693) and Advances received (+€370,151)
Equity and liabilities
- Profit (loss) carried forward +€823,693
up €823,693 (+19.1%), from -€4.3m to -€3.5m
- Advances received +€370,151
up €370,151 (+75.2%), from €492,088 to €862,240
- Tax, wage and social debts +€87,491
up €87,491 (+28.7%), from €305,230 to €392,721
of which Taxes: +€64,846
- Trade debts +€62,584
up €62,584 (+7.4%), from €846,115 to €908,699
Income statement
- Turnover +€5.3m
up €5.3m (+153%), from €3.4m to €8.7m
- Goods and materials +€3.3m
up €3.3m (+311%), from €1.0m to €4.3m
- Services and other goods +€434,967
up €434,967 (+36.0%), from €1.2m to €1.6m
- Other operating charges +€292,143
up €292,143 (+837%), from €34,907 to €327,050
- Staff costs -€261,938
down €261,938 (-11.0%), from €2.4m to €2.1m
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
-€886,798
Turnover
+€5.3m
Other operating income
-€142,718
Goods and materials
-€3.3m
Services and other goods
-€434,967
Staff costs
+€261,938
Depreciation
+€13,317
Provisions
+€25,000
Other operating charges
-€292,143
Other operating items
+€250,045
Financial income
+€1,627
Financial charges
-€6,099
Taxes
+€24,831
Result 2025
€823,693
raises the resultlowers the resultnot broken down further in the accounts
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
+€536,286
Investment
+€14,452
Financing
€0
Cash 2024
€1.4m
From operations (derived)
+€536,286
Net result for the year
+€823,693
Depreciation
+€4,844
Stocks and contracts
+€22,826
Receivables within one year
-€795,941
Deferred charges and accrued income
-€9,274
Provisions
-€25,000
Trade debts
+€62,584
Tax, wage and social debts
+€87,491
Advances received
+€370,151
Accrued charges and deferred income
-€5,088
Investment (derived)
+€14,452
Investment in fixed assets (net)
+€14,452
Cash 2025
€2.0m
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,162,396 | €3,476,227 | +€1.3m | +60.8% |
| Fixed assets | 21/28 | €19,296 | €0 | -€19,296 | -100% |
| Intangible fixed assets | 21 | €1,320 | €0 | -€1,320 | -100% |
| Tangible fixed assets | 22/27 | €3,525 | €0 | -€3,525 | -100% |
| Furniture and vehicles | 24 | €3,525 | €0 | -€3,525 | -100% |
| Financial fixed assets | 28 | €14,452 | - | -€14,452 | |
| Other financial fixed assets | 284/8 | €14,452 | - | -€14,452 | |
| Amounts receivable and cash guarantees | 285/8 | €14,452 | - | -€14,452 | |
| Current assets | 29/58 | €2,143,100 | €3,476,227 | +€1.3m | +62.2% |
| Stocks and contracts in progress | 3 | €242,615 | €219,789 | -€22,826 | -9.4% |
| Contracts in progress | 37 | €242,615 | €219,789 | -€22,826 | -9.4% |
| Amounts receivable within one year | 40/41 | €465,546 | €1,261,487 | +€795,941 | +171% |
| Trade receivables | 40 | €360,257 | €1,055,190 | +€694,934 | +193% |
| Other amounts receivable | 41 | €105,289 | €206,297 | +€101,007 | +95.9% |
| Cash at bank and in hand | 54/58 | €1,434,182 | €1,984,920 | +€550,738 | +38.4% |
| Deferred charges and accrued income | 490/1 | €756 | €10,030 | +€9,274 | +1,227% |
| Total equity and liabilities | 10/49 | €2,162,396 | €3,476,227 | +€1.3m | +60.8% |
| Equity | 10/15 | €457,960 | €1,281,653 | +€823,693 | +180% |
| Contributions | 10/11 | €4,694,541 | €4,694,541 | = | 0.0% |
| Capital | 10 | €4,694,541 | €4,694,541 | = | 0.0% |
| Issued capital | 100 | €4,694,541 | €4,694,541 | = | 0.0% |
| Reserves | 13 | €74,790 | €74,790 | = | 0.0% |
| Non-distributable reserves | 130/1 | €74,790 | €74,790 | = | 0.0% |
| Legal reserve | 130 | €74,790 | €74,790 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€4,311,371 | -€3,487,679 | +€823,693 | +19.1% |
| Provisions and deferred taxes | 16 | €50,000 | €25,000 | -€25,000 | -50.0% |
| Provisions for liabilities and charges | 160/5 | €50,000 | €25,000 | -€25,000 | -50.0% |
| Other liabilities and charges | 164/5 | €50,000 | €25,000 | -€25,000 | -50.0% |
| Amounts payable | 17/49 | €1,654,436 | €2,169,574 | +€515,138 | +31.1% |
| Amounts payable within one year | 42/48 | €1,643,433 | €2,163,660 | +€520,227 | +31.7% |
| Trade debts | 44 | €846,115 | €908,699 | +€62,584 | +7.4% |
| Suppliers | 440/4 | €846,115 | €908,699 | +€62,584 | +7.4% |
| Advances received on contracts in progress | 46 | €492,088 | €862,240 | +€370,151 | +75.2% |
| Taxes, remuneration and social security | 45 | €305,230 | €392,721 | +€87,491 | +28.7% |
| Taxes | 450/3 | €14,929 | €79,775 | +€64,846 | +434% |
| Remuneration and social security | 454/9 | €290,302 | €312,947 | +€22,645 | +7.8% |
| Accrued charges and deferred income | 492/3 | €11,003 | €5,915 | -€5,088 | -46.2% |
| Operating income | 70/76A | €4,016,001 | €9,351,309 | +€5.3m | +133% |
| Turnover | 70 | €3,438,300 | €8,700,853 | +€5.3m | +153% |
| Other operating income | 74 | €577,701 | €434,983 | -€142,718 | -24.7% |
| Non-recurring operating income | 76A | - | €215,474 | +€215,474 | |
| Operating charges | 60/66A | €4,715,004 | €8,360,181 | +€3.6m | +77.3% |
| Goods for resale, raw materials and consumables | 60 | €1,047,573 | €4,300,466 | +€3.3m | +311% |
| Purchases | 600/8 | €1,047,573 | €4,300,466 | +€3.3m | +311% |
| Services and other goods | 61 | €1,206,583 | €1,641,550 | +€434,967 | +36.0% |
| Remuneration, social security and pensions | 62 | €2,373,208 | €2,111,270 | -€261,938 | -11.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,161 | €4,844 | -€13,317 | -73.3% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | - | -€25,000 | -€25,000 | |
| Other operating charges | 640/8 | €34,907 | €327,050 | +€292,143 | +837% |
| Non-recurring operating charges | 66A | €34,572 | - | -€34,572 | |
| Operating profit (loss) | 9901 | -€699,004 | €991,128 | +€1.7m | |
| Financial income | 75/76B | €2 | €1,628 | +€1,627 | +86,059% |
| Recurring financial income | 75 | €2 | €1,628 | +€1,627 | +86,059% |
| Other financial income | 752/9 | €2 | €1,628 | +€1,627 | +86,059% |
| Financial charges | 65/66B | €171,708 | €177,808 | +€6,099 | +3.6% |
| Recurring financial charges | 65 | €171,708 | €177,808 | +€6,099 | +3.6% |
| Debt charges | 650 | €20,344 | €16,067 | -€4,276 | -21.0% |
| Other financial charges | 652/9 | €151,365 | €161,740 | +€10,376 | +6.9% |
| Profit (loss) for the period before taxes | 9903 | -€870,710 | €814,949 | +€1.7m | |
| Income taxes | 67/77 | €16,087 | -€8,744 | -€24,831 | |
| Taxes | 670/3 | €16,132 | €3,440 | -€12,692 | -78.7% |
| Tax adjustments and reversals of tax provisions | 77 | €45 | €12,184 | +€12,139 | +26,975% |
| Profit (loss) for the period | 9904 | -€886,798 | €823,693 | +€1.7m | |
| Profit (loss) for the period to be appropriated | 9905 | -€886,798 | €823,693 | +€1.7m |
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 5 November 2026 via checked.be.