DE SMET-COPPENS: 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 SMET-COPPENS
Largest movements
- Current investments +€50,000
up €50,000 (+11.8%), from €425,207 to €475,207
- Cash +€28,732
up €28,732 (+86.8%), from €33,121 to €61,853
mainly Net result for the year (+€63,350) and Depreciation (+€24,244)
- Tangible fixed assets -€17,089
down €17,089 (-5.0%), from €340,973 to €323,883
of which Land and buildings: -€11,660
- Reserves +€63,350
up €63,350 (+9.7%), from €651,251 to €714,600
- Gross operating margin +€21,851
up €21,851 (+23.4%), from €93,247 to €115,099
- Taxes +€4,902
up €4,902 (+25.6%), from €19,144 to €24,046
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 | €807,929 | €872,232 | +€64,303 | +8.0% |
| Fixed assets | 21/28 | €340,973 | €323,883 | -€17,089 | -5.0% |
| Tangible fixed assets | 22/27 | €340,973 | €323,883 | -€17,089 | -5.0% |
| Land and buildings | 22 | €329,839 | €318,179 | -€11,660 | -3.5% |
| Furniture and vehicles | 24 | €7,090 | €2,690 | -€4,400 | -62.1% |
| Other tangible fixed assets | 26 | €4,044 | €3,014 | -€1,030 | -25.5% |
| Current assets | 29/58 | €466,956 | €548,348 | +€81,392 | +17.4% |
| Amounts receivable within one year | 40/41 | €3,608 | €6,680 | +€3,073 | +85.2% |
| Trade receivables | 40 | €3,319 | €3,141 | -€178 | -5.4% |
| Other amounts receivable | 41 | €289 | €3,539 | +€3,250 | +1,125% |
| Current investments | 50/53 | €425,207 | €475,207 | +€50,000 | +11.8% |
| Cash at bank and in hand | 54/58 | €33,121 | €61,853 | +€28,732 | +86.8% |
| Deferred charges and accrued income | 490/1 | €5,021 | €4,608 | -€413 | -8.2% |
| Total equity and liabilities | 10/49 | €807,929 | €872,232 | +€64,303 | +8.0% |
| Equity | 10/15 | €656,251 | €719,600 | +€63,350 | +9.7% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €651,251 | €714,600 | +€63,350 | +9.7% |
| Distributable reserves | 133 | €651,251 | €714,600 | +€63,350 | +9.7% |
| Amounts payable | 17/49 | €151,678 | €152,631 | +€953 | +0.6% |
| Amounts payable after more than one year | 17 | €135,025 | €134,740 | -€286 | -0.2% |
| Other amounts payable | 178/9 | €135,025 | €134,740 | -€286 | -0.2% |
| Amounts payable within one year | 42/48 | €3,942 | €5,172 | +€1,230 | +31.2% |
| Trade debts | 44 | €1,216 | €3,404 | +€2,188 | +180% |
| Suppliers | 440/4 | €1,216 | €3,404 | +€2,188 | +180% |
| Taxes, remuneration and social security | 45 | €2,725 | €1,767 | -€958 | -35.1% |
| Taxes | 450/3 | €2,725 | €1,767 | -€958 | -35.1% |
| Accrued charges and deferred income | 492/3 | €12,711 | €12,720 | +€9 | +0.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €24,539 | €24,244 | -€295 | -1.2% |
| Other operating charges | 640/8 | €3,154 | €3,444 | +€290 | +9.2% |
| Gross operating margin | 9900 | €93,247 | €115,099 | +€21,851 | +23.4% |
| Operating profit (loss) | 9901 | €65,555 | €87,411 | +€21,856 | +33.3% |
| Financial income | 75/76B | €9,735 | €10,021 | +€287 | +2.9% |
| Recurring financial income | 75 | €8,797 | €10,021 | +€1,224 | +13.9% |
| Non-recurring financial income | 76B | €938 | - | -€938 | |
| Financial charges | 65/66B | €11,008 | €10,037 | -€971 | -8.8% |
| Recurring financial charges | 65 | €11,008 | €10,037 | -€971 | -8.8% |
| Profit (loss) for the period before taxes | 9903 | €64,282 | €87,395 | +€23,114 | +36.0% |
| Income taxes | 67/77 | €19,144 | €24,046 | +€4,902 | +25.6% |
| Profit (loss) for the period | 9904 | €45,138 | €63,350 | +€18,211 | +40.3% |
| Profit (loss) for the period to be appropriated | 9905 | €45,138 | €63,350 | +€18,211 | +40.3% |
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 24 October 2026 via checked.be.