DE SMET JOSEF: 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 JOSEF
Largest movements
- Cash +€13,175
up €13,175 (+64.9%), from €20,296 to €33,471
mainly Other debts (+€28,621) and Depreciation (+€2,629)
- Tangible fixed assets -€2,429
down €2,429 (-13.0%), from €18,642 to €16,213
of which Furniture and vehicles: -€1,411
- Receivables within one year +€1,911
up €1,911 (+60.6%), from €3,153 to €5,064
of which Other amounts receivable: +€1,911
- Stocks and contracts +€997
up €997 (+56.6%), from €1,762 to €2,759
- Other debts +€28,621
up €28,621 (+44.5%), from €64,326 to €92,946
- Profit (loss) carried forward -€14,873
down €14,873 (-34.1%), from -€43,612 to -€58,485
- Depreciation +€1,449
up €1,449 (+123%), from €1,180 to €2,629
- Gross operating margin -€821
down €821 (-7.3%), from -€11,307 to -€12,128
- Financial income -€124
down €124 (-56.8%), from €219 to €94
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 | €54,545 | €68,247 | +€13,702 | +25.1% |
| Fixed assets | 21/28 | €18,642 | €16,213 | -€2,429 | -13.0% |
| Tangible fixed assets | 22/27 | €18,642 | €16,213 | -€2,429 | -13.0% |
| Plant, machinery and equipment | 23 | €2,753 | €2,553 | -€201 | -7.3% |
| Furniture and vehicles | 24 | €14,109 | €12,698 | -€1,411 | -10.0% |
| Other tangible fixed assets | 26 | €1,781 | €963 | -€817 | -45.9% |
| Current assets | 29/58 | €35,903 | €52,034 | +€16,131 | +44.9% |
| Stocks and contracts in progress | 3 | €1,762 | €2,759 | +€997 | +56.6% |
| Stocks | 30/36 | €1,762 | €2,759 | +€997 | +56.6% |
| Amounts receivable within one year | 40/41 | €3,153 | €5,064 | +€1,911 | +60.6% |
| Trade receivables | 40 | €1,500 | €1,500 | = | 0.0% |
| Other amounts receivable | 41 | €1,653 | €3,564 | +€1,911 | +116% |
| Current investments | 50/53 | €10,692 | €10,741 | +€48 | +0.5% |
| Cash at bank and in hand | 54/58 | €20,296 | €33,471 | +€13,175 | +64.9% |
| Total equity and liabilities | 10/49 | €54,545 | €68,247 | +€13,702 | +25.1% |
| Equity | 10/15 | -€10,726 | -€25,599 | -€14,873 | -139% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Reserves | 13 | €14,335 | €14,335 | = | 0.0% |
| Tax-exempt reserves | 132 | €14,335 | €14,335 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€43,612 | -€58,485 | -€14,873 | -34.1% |
| Amounts payable | 17/49 | €65,271 | €93,846 | +€28,575 | +43.8% |
| Amounts payable within one year | 42/48 | €65,271 | €93,846 | +€28,575 | +43.8% |
| Trade debts | 44 | €945 | €891 | -€54 | -5.7% |
| Suppliers | 440/4 | €945 | €891 | -€54 | -5.7% |
| Taxes, remuneration and social security | 45 | - | €9 | +€9 | |
| Taxes | 450/3 | - | €9 | +€9 | |
| Other amounts payable | 47/48 | €64,326 | €92,946 | +€28,621 | +44.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,180 | €2,629 | +€1,449 | +123% |
| Other operating charges | 640/8 | €235 | €210 | -€25 | -10.8% |
| Gross operating margin | 9900 | -€11,307 | -€12,128 | -€821 | -7.3% |
| Operating profit (loss) | 9901 | -€12,722 | -€14,966 | -€2,245 | -17.6% |
| Financial income | 75/76B | €219 | €94 | -€124 | -56.8% |
| Recurring financial income | 75 | €219 | €94 | -€124 | -56.8% |
| Financial charges | 65/66B | - | €1 | +€1 | |
| Recurring financial charges | 65 | - | €1 | +€1 | |
| Profit (loss) for the period before taxes | 9903 | -€12,503 | -€14,873 | -€2,370 | -19.0% |
| Profit (loss) for the period | 9904 | -€12,503 | -€14,873 | -€2,370 | -19.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€12,503 | -€14,873 | -€2,370 | -19.0% |
Source: filed annual accounts (NBB), financial years ended 30 December 2024 and 30 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 October 2026 via checked.be.