DE SMET BART: what changed
Two fiscal 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 SMET BART
Largest movements
- Tangible fixed assets +€78,771
up €78,771 (+10.4%), from €760,124 to €838,896
of which Furniture and vehicles: +€96,001
- Receivables after one year -€33,500
down €33,500 (-40.6%), from €82,500 to €49,000
- Receivables within one year +€14,124
up €14,124 (+31.9%), from €44,253 to €58,377
of which Other amounts receivable: +€39,238
- Other debts +€147,735
up €147,735 (+148.3%), from €99,610 to €247,345
- Debts after one year -€111,852
down €111,852 (-30.1%), from €371,004 to €259,152
- Current portion of long-term debt +€58,080
up €58,080 (+1079.2%), from €5,382 to €63,461
- Tax, wage and social debts -€29,357
down €29,357 (-29.8%), from €98,659 to €69,303
of which Taxes: -€31,657
- Depreciation +€30,130
up €30,130 (+59.8%), from €50,397 to €80,527
- Taxes -€9,876
down €9,876 (-65.7%), from €15,030 to €5,154
- Gross operating margin +€5,809
up €5,809 (+6.4%), from €91,252 to €97,062
- Other operating charges +€3,189
up €3,189 (+56.6%), from €5,635 to €8,824
From the 2023 result to the 2024 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.
Cash bridge derived
Derived from the 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €896,644 | €965,660 | +€69,015 | +7.7% |
| Fixed assets | 21/28 | €760,244 | €839,016 | +€78,771 | +10.4% |
| Tangible fixed assets | 22/27 | €760,124 | €838,896 | +€78,771 | +10.4% |
| Land and buildings | 22 | €672,227 | €650,779 | -€21,448 | -3.2% |
| Plant, machinery and equipment | 23 | €176 | €95 | -€81 | -46.1% |
| Furniture and vehicles | 24 | €71,721 | €167,722 | +€96,001 | +133.9% |
| Other tangible fixed assets | 26 | €16,000 | €20,300 | +€4,300 | +26.9% |
| Financial fixed assets | 28 | €120 | €120 | = | 0.0% |
| Current assets | 29/58 | €136,400 | €126,644 | -€9,756 | -7.2% |
| Amounts receivable after more than one year | 29 | €82,500 | €49,000 | -€33,500 | -40.6% |
| Trade receivables | 290 | €82,500 | €49,000 | -€33,500 | -40.6% |
| Amounts receivable within one year | 40/41 | €44,253 | €58,377 | +€14,124 | +31.9% |
| Trade receivables | 40 | €44,253 | €19,139 | -€25,114 | -56.8% |
| Other amounts receivable | 41 | - | €39,238 | +€39,238 | |
| Current investments | 50/53 | - | €66 | +€66 | |
| Cash at bank and in hand | 54/58 | €7,407 | €15,786 | +€8,379 | +113.1% |
| Deferred charges and accrued income | 490/1 | €2,240 | €3,416 | +€1,176 | +52.5% |
| Total equity and liabilities | 10/49 | €896,644 | €965,660 | +€69,015 | +7.7% |
| Equity | 10/15 | €310,937 | €308,380 | -€2,557 | -0.8% |
| Contributions | 10/11 | €91,100 | €91,100 | = | 0.0% |
| Reserves | 13 | €219,837 | €217,280 | -€2,557 | -1.2% |
| Non-distributable reserves | 130/1 | €9,110 | €9,110 | = | 0.0% |
| Reserves not available under the articles | 1311 | €9,110 | €9,110 | = | 0.0% |
| Distributable reserves | 133 | €210,727 | €208,170 | -€2,557 | -1.2% |
| Amounts payable | 17/49 | €585,708 | €657,280 | +€71,572 | +12.2% |
| Amounts payable after more than one year | 17 | €371,004 | €259,152 | -€111,852 | -30.1% |
| Financial debts | 170/4 | €371,004 | €259,152 | -€111,852 | -30.1% |
| Amounts payable within one year | 42/48 | €214,704 | €393,095 | +€178,391 | +83.1% |
| Current portion of amounts payable after more than one year | 42 | €5,382 | €63,461 | +€58,080 | +1079.2% |
| Financial debts | 43 | €6,155 | €0 | -€6,155 | -100.0% |
| Credit institutions | 430/8 | €6,155 | €0 | -€6,155 | -100.0% |
| Trade debts | 44 | €4,897 | €12,986 | +€8,089 | +165.2% |
| Suppliers | 440/4 | €4,897 | €12,986 | +€8,089 | +165.2% |
| Taxes, remuneration and social security | 45 | €98,659 | €69,303 | -€29,357 | -29.8% |
| Taxes | 450/3 | €96,359 | €64,703 | -€31,657 | -32.9% |
| Remuneration and social security | 454/9 | €2,300 | €4,600 | +€2,300 | +100.0% |
| Other amounts payable | 47/48 | €99,610 | €247,345 | +€147,735 | +148.3% |
| Accrued charges and deferred income | 492/3 | - | €5,033 | +€5,033 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €50,397 | €80,527 | +€30,130 | +59.8% |
| Other operating charges | 640/8 | €5,635 | €8,824 | +€3,189 | +56.6% |
| Gross operating margin | 9900 | €91,252 | €97,062 | +€5,809 | +6.4% |
| Operating profit (loss) | 9901 | €35,220 | €7,711 | -€27,509 | -78.1% |
| Financial income | 75/76B | €13 | €0 | -€13 | -99.8% |
| Recurring financial income | 75 | €13 | €0 | -€13 | -99.8% |
| Financial charges | 65/66B | €5,928 | €5,114 | -€814 | -13.7% |
| Recurring financial charges | 65 | €5,928 | €5,114 | -€814 | -13.7% |
| Profit (loss) for the period before taxes | 9903 | €29,305 | €2,597 | -€26,708 | -91.1% |
| Income taxes | 67/77 | €15,030 | €5,154 | -€9,876 | -65.7% |
| Profit (loss) for the period | 9904 | €14,275 | -€2,557 | -€16,831 | |
| Profit (loss) for the period to be appropriated | 9905 | €14,275 | -€2,557 | -€16,831 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.