DE SMET GEERT: what changed
You see two financial years side by side: what moved most in the balance sheet and the result, why the result rose or fell and where the money went.
DE SMET GEERT
Largest movements
- Receivables within one year +€39,698
up €39,698 (+62.0%), from €64,013 to €103,712
of which Other amounts receivable: +€41,693
- Cash +€3,440
up €3,440 (+44.6%), from €7,721 to €11,161
mainly Net result for the year (+€40,498) and Tax, wage and social debts (+€17,326)
- Profit (loss) carried forward +€44,151
up €44,151, from -€3,653 to €40,498
- Tax, wage and social debts +€17,326
up €17,326, from €0 to €17,326
- Trade debts -€14,686
down €14,686 (-80.9%), from €18,151 to €3,465
- Reserves -€3,653
down €3,653 (-7.2%), from €51,036 to €47,383
- Gross operating margin +€56,833
up €56,833, from -€4,764 to €52,070
- Taxes +€14,269
up €14,269, from €0 to €14,269
- Financial income +€2,569
up €2,569 (+182%), from €1,413 to €3,983
- Other operating charges +€846
up €846 (+327%), from €259 to €1,105
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €71,734 | €114,873 | +€43,138 | +60.1% |
| Current assets | 29/58 | €71,734 | €114,873 | +€43,138 | +60.1% |
| Amounts receivable within one year | 40/41 | €64,013 | €103,712 | +€39,698 | +62.0% |
| Trade receivables | 40 | €1,995 | €0 | -€1,995 | -100% |
| Other amounts receivable | 41 | €62,018 | €103,712 | +€41,693 | +67.2% |
| Cash at bank and in hand | 54/58 | €7,721 | €11,161 | +€3,440 | +44.6% |
| Total equity and liabilities | 10/49 | €71,734 | €114,873 | +€43,138 | +60.1% |
| Equity | 10/15 | €53,583 | €94,081 | +€40,498 | +75.6% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €51,036 | €47,383 | -€3,653 | -7.2% |
| Distributable reserves | 133 | €51,036 | €47,383 | -€3,653 | -7.2% |
| Profit (loss) carried forward | 14 | -€3,653 | €40,498 | +€44,151 | |
| Amounts payable | 17/49 | €18,151 | €20,791 | +€2,640 | +14.5% |
| Amounts payable within one year | 42/48 | €18,151 | €20,791 | +€2,640 | +14.5% |
| Trade debts | 44 | €18,151 | €3,465 | -€14,686 | -80.9% |
| Suppliers | 440/4 | €18,151 | €3,465 | -€14,686 | -80.9% |
| Taxes, remuneration and social security | 45 | €0 | €17,326 | +€17,326 | |
| Taxes | 450/3 | €0 | €17,326 | +€17,326 | |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Other operating charges | 640/8 | €259 | €1,105 | +€846 | +327% |
| Gross operating margin | 9900 | -€4,764 | €52,070 | +€56,833 | |
| Operating profit (loss) | 9901 | -€5,022 | €50,965 | +€55,987 | |
| Financial income | 75/76B | €1,413 | €3,983 | +€2,569 | +182% |
| Recurring financial income | 75 | €1,413 | €3,983 | +€2,569 | +182% |
| Financial charges | 65/66B | €44 | €180 | +€136 | +313% |
| Recurring financial charges | 65 | €44 | €180 | +€136 | +313% |
| Profit (loss) for the period before taxes | 9903 | -€3,653 | €54,768 | +€58,420 | |
| Income taxes | 67/77 | €0 | €14,269 | +€14,269 | |
| Profit (loss) for the period | 9904 | -€3,653 | €40,498 | +€44,151 | |
| Profit (loss) for the period to be appropriated | 9905 | -€3,653 | €40,498 | +€44,151 |
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 1 November 2026 via checked.be.