DE SMET E. & ZOON: 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 E. & ZOON
Largest movements
- Tangible fixed assets -€6,086
down €6,086 (-48.7%), from €12,498 to €6,412
of which Furniture and vehicles: -€4,792
- Receivables within one year +€3,869
up €3,869 (+596%), from €649 to €4,518
of which Other amounts receivable: +€3,869
- Cash -€2,953
down €2,953 (-1.7%), from €176,615 to €173,662
mainly Contributions, distributions and other (-€28,400) and Receivables within one year (-€3,869)
- Reserves -€2,795
down €2,795 (-1.8%), from €153,047 to €150,253
of which Distributable reserves: -€2,795
- Current portion of long-term debt -€2,702
down €2,702 (-57.9%), from €4,666 to €1,964
- Tax, wage and social debts +€2,042
up €2,042 (+2,651%), from €77 to €2,119
of which Taxes: +€2,042
- Debts after one year -€1,964
down €1,964 (-100%), from €1,964 to €0
- Gross operating margin +€6,786
up €6,786 (+19.3%), from €35,204 to €41,990
- Taxes +€2,313
up €2,313 (+30.1%), from €7,671 to €9,983
- Depreciation -€1,002
down €1,002 (-14.1%), from €7,088 to €6,086
- Financial charges -€701
down €701 (-60.4%), from €1,161 to €459
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 | €192,979 | €187,674 | -€5,305 | -2.7% |
| Fixed assets | 21/28 | €12,863 | €6,777 | -€6,086 | -47.3% |
| Tangible fixed assets | 22/27 | €12,498 | €6,412 | -€6,086 | -48.7% |
| Plant, machinery and equipment | 23 | €251 | €0 | -€251 | -100% |
| Furniture and vehicles | 24 | €6,705 | €1,913 | -€4,792 | -71.5% |
| Other tangible fixed assets | 26 | €5,543 | €4,499 | -€1,044 | -18.8% |
| Financial fixed assets | 28 | €365 | €365 | = | 0.0% |
| Current assets | 29/58 | €180,116 | €180,897 | +€781 | +0.4% |
| Amounts receivable within one year | 40/41 | €649 | €4,518 | +€3,869 | +596% |
| Trade receivables | 40 | €0 | - | = | |
| Other amounts receivable | 41 | €649 | €4,518 | +€3,869 | +596% |
| Cash at bank and in hand | 54/58 | €176,615 | €173,662 | -€2,953 | -1.7% |
| Deferred charges and accrued income | 490/1 | €2,853 | €2,717 | -€136 | -4.8% |
| Total equity and liabilities | 10/49 | €192,979 | €187,674 | -€5,305 | -2.7% |
| Equity | 10/15 | €171,597 | €168,803 | -€2,795 | -1.6% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Reserves | 13 | €153,047 | €150,253 | -€2,795 | -1.8% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Other | 1319 | €0 | - | = | |
| Distributable reserves | 133 | €153,047 | €150,253 | -€2,795 | -1.8% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €21,382 | €18,871 | -€2,511 | -11.7% |
| Amounts payable after more than one year | 17 | €1,964 | €0 | -€1,964 | -100% |
| Financial debts | 170/4 | €1,964 | €0 | -€1,964 | -100% |
| Amounts payable within one year | 42/48 | €19,238 | €18,871 | -€367 | -1.9% |
| Current portion of amounts payable after more than one year | 42 | €4,666 | €1,964 | -€2,702 | -57.9% |
| Financial debts | 43 | €0 | - | = | |
| Credit institutions | 430/8 | €0 | - | = | |
| Trade debts | 44 | €9,832 | €11,137 | +€1,306 | +13.3% |
| Suppliers | 440/4 | €9,832 | €11,137 | +€1,306 | +13.3% |
| Taxes, remuneration and social security | 45 | €77 | €2,119 | +€2,042 | +2,651% |
| Taxes | 450/3 | €77 | €2,119 | +€2,042 | +2,651% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €4,664 | €3,650 | -€1,014 | -21.7% |
| Accrued charges and deferred income | 492/3 | €180 | €0 | -€180 | -100% |
| Non-recurring operating income | 76A | €18,000 | €0 | -€18,000 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,088 | €6,086 | -€1,002 | -14.1% |
| Other operating charges | 640/8 | €1,209 | €1,267 | +€58 | +4.8% |
| Gross operating margin | 9900 | €35,204 | €41,990 | +€6,786 | +19.3% |
| Operating profit (loss) | 9901 | €26,907 | €34,637 | +€7,730 | +28.7% |
| Financial income | 75/76B | €1,483 | €1,411 | -€72 | -4.9% |
| Recurring financial income | 75 | €1,483 | €1,411 | -€72 | -4.9% |
| Financial charges | 65/66B | €1,161 | €459 | -€701 | -60.4% |
| Recurring financial charges | 65 | €1,161 | €459 | -€701 | -60.4% |
| Profit (loss) for the period before taxes | 9903 | €27,230 | €35,589 | +€8,359 | +30.7% |
| Income taxes | 67/77 | €7,671 | €9,983 | +€2,313 | +30.1% |
| Profit (loss) for the period | 9904 | €19,559 | €25,605 | +€6,046 | +30.9% |
| Profit (loss) for the period to be appropriated | 9905 | €19,559 | €25,605 | +€6,046 | +30.9% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 28 October 2026 via checked.be.