DE SMET-NEYT: 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-NEYT
Largest movements
- Current investments +€116,200
up €116,200 (+25.3%), from €460,132 to €576,332
- Cash -€20,074
down €20,074 (-17.0%), from €118,316 to €98,243
mainly Current investments (-€116,200) and Contributions, distributions and other (-€79,617)
- Tangible fixed assets -€12,230
down €12,230 (-4.3%), from €285,581 to €273,351
of which Furniture and vehicles: -€10,835
- Other debts +€83,923
up €83,923 (+89.6%), from €93,705 to €177,628
- Reserves +€39,153
up €39,153 (+6.3%), from €620,290 to €659,443
of which Distributable reserves: +€39,153
- Debts after one year -€22,134
down €22,134 (-13.4%), from €164,991 to €142,857
- Tax, wage and social debts -€17,248
down €17,248 (-47.8%), from €36,055 to €18,808
of which Taxes: -€17,131
- Taxes -€14,603
down €14,603 (-20.2%), from €72,391 to €57,788
- Gross operating margin -€10,497
down €10,497 (-4.8%), from €217,649 to €207,152
- Financial income +€8,222
up €8,222 (+256%), from €3,217 to €11,439
- Other operating charges -€3,891
down €3,891 (-56.0%), from €6,945 to €3,055
- Financial charges -€2,399
down €2,399 (-40.8%), from €5,878 to €3,479
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 | €963,388 | €1,043,840 | +€80,452 | +8.4% |
| Fixed assets | 21/28 | €285,581 | €273,351 | -€12,230 | -4.3% |
| Tangible fixed assets | 22/27 | €285,581 | €273,351 | -€12,230 | -4.3% |
| Land and buildings | 22 | €246,429 | €246,876 | +€447 | +0.2% |
| Plant, machinery and equipment | 23 | €16,114 | €14,272 | -€1,842 | -11.4% |
| Furniture and vehicles | 24 | €23,039 | €12,204 | -€10,835 | -47.0% |
| Current assets | 29/58 | €677,807 | €770,489 | +€92,682 | +13.7% |
| Stocks and contracts in progress | 3 | €19,400 | €19,400 | = | 0.0% |
| Stocks | 30/36 | €19,400 | €19,400 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €75,647 | €75,143 | -€504 | -0.7% |
| Trade receivables | 40 | €74,318 | €74,518 | +€200 | +0.3% |
| Other amounts receivable | 41 | €1,329 | €626 | -€704 | -52.9% |
| Current investments | 50/53 | €460,132 | €576,332 | +€116,200 | +25.3% |
| Cash at bank and in hand | 54/58 | €118,316 | €98,243 | -€20,074 | -17.0% |
| Deferred charges and accrued income | 490/1 | €4,312 | €1,371 | -€2,941 | -68.2% |
| Total equity and liabilities | 10/49 | €963,388 | €1,043,840 | +€80,452 | +8.4% |
| Equity | 10/15 | €632,690 | €671,843 | +€39,153 | +6.2% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €620,290 | €659,443 | +€39,153 | +6.3% |
| Tax-exempt reserves | 132 | €96,320 | €96,320 | = | 0.0% |
| Distributable reserves | 133 | €523,970 | €563,123 | +€39,153 | +7.5% |
| Amounts payable | 17/49 | €330,698 | €371,997 | +€41,299 | +12.5% |
| Amounts payable after more than one year | 17 | €164,991 | €142,857 | -€22,134 | -13.4% |
| Financial debts | 170/4 | €164,991 | €142,857 | -€22,134 | -13.4% |
| Amounts payable within one year | 42/48 | €165,707 | €229,140 | +€63,433 | +38.3% |
| Current portion of amounts payable after more than one year | 42 | €21,732 | €22,134 | +€402 | +1.9% |
| Trade debts | 44 | €14,214 | €10,570 | -€3,644 | -25.6% |
| Suppliers | 440/4 | €14,214 | €10,570 | -€3,644 | -25.6% |
| Taxes, remuneration and social security | 45 | €36,055 | €18,808 | -€17,248 | -47.8% |
| Taxes | 450/3 | €35,879 | €18,748 | -€17,131 | -47.7% |
| Remuneration and social security | 454/9 | €176 | €60 | -€117 | -66.1% |
| Other amounts payable | 47/48 | €93,705 | €177,628 | +€83,923 | +89.6% |
| Remuneration, social security and pensions | 62 | €5,182 | €5,298 | +€115 | +2.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €30,427 | €30,203 | -€224 | -0.7% |
| Other operating charges | 640/8 | €6,945 | €3,055 | -€3,891 | -56.0% |
| Gross operating margin | 9900 | €217,649 | €207,152 | -€10,497 | -4.8% |
| Operating profit (loss) | 9901 | €175,094 | €168,597 | -€6,497 | -3.7% |
| Financial income | 75/76B | €3,217 | €11,439 | +€8,222 | +256% |
| Recurring financial income | 75 | €3,217 | €11,439 | +€8,222 | +256% |
| Financial charges | 65/66B | €5,878 | €3,479 | -€2,399 | -40.8% |
| Recurring financial charges | 65 | €5,878 | €3,479 | -€2,399 | -40.8% |
| Profit (loss) for the period before taxes | 9903 | €172,434 | €176,558 | +€4,124 | +2.4% |
| Income taxes | 67/77 | €72,391 | €57,788 | -€14,603 | -20.2% |
| Profit (loss) for the period | 9904 | €100,043 | €118,769 | +€18,727 | +18.7% |
| Profit (loss) for the period to be appropriated | 9905 | €100,043 | €118,769 | +€18,727 | +18.7% |
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.