De Smet Technics: 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 Technics
Largest movements
- Cash +€51,837
up €51,837 (+77.5%), from €66,868 to €118,705
mainly Net result for the year (+€57,040) and Debts after one year (+€29,196)
- Tangible fixed assets +€47,038
new in 2025: €47,038
of which Furniture and vehicles: +€44,337
- Deferred charges and accrued income +€7,867
up €7,867 (+1,147%), from €686 to €8,553
- Receivables within one year -€7,367
down €7,367 (-99.7%), from €7,388 to €20
of which Trade receivables: -€6,848
- Reserves +€57,040
up €57,040 (+113%), from €50,451 to €107,490
- Debts after one year +€29,196
new in 2025: €29,196
- Current portion of long-term debt +€8,823
new in 2025: €8,823
- Other debts +€5,074
up €5,074 (+122%), from €4,160 to €9,234
- Tax, wage and social debts -€2,226
down €2,226 (-12.0%), from €18,519 to €16,293
of which Remuneration and social security: -€3,900
- Gross operating margin +€19,392
up €19,392 (+30.5%), from €63,601 to €82,993
- Depreciation +€10,157
new in 2025: €10,157
- Financial charges +€1,853
up €1,853 (+2,409%), from €77 to €1,930
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 | €74,942 | €174,316 | +€99,375 | +133% |
| Fixed assets | 21/28 | - | €47,038 | +€47,038 | |
| Tangible fixed assets | 22/27 | - | €47,038 | +€47,038 | |
| Plant, machinery and equipment | 23 | - | €2,701 | +€2,701 | |
| Furniture and vehicles | 24 | - | €44,337 | +€44,337 | |
| Current assets | 29/58 | €74,942 | €127,278 | +€52,336 | +69.8% |
| Amounts receivable within one year | 40/41 | €7,388 | €20 | -€7,367 | -99.7% |
| Trade receivables | 40 | €6,848 | - | -€6,848 | |
| Other amounts receivable | 41 | €540 | €20 | -€520 | -96.2% |
| Cash at bank and in hand | 54/58 | €66,868 | €118,705 | +€51,837 | +77.5% |
| Deferred charges and accrued income | 490/1 | €686 | €8,553 | +€7,867 | +1,147% |
| Total equity and liabilities | 10/49 | €74,942 | €174,316 | +€99,375 | +133% |
| Equity | 10/15 | €51,951 | €108,990 | +€57,040 | +110% |
| Contributions | 10/11 | €1,500 | €1,500 | = | 0.0% |
| Reserves | 13 | €50,451 | €107,490 | +€57,040 | +113% |
| Distributable reserves | 133 | €50,451 | €107,490 | +€57,040 | +113% |
| Amounts payable | 17/49 | €22,991 | €65,326 | +€42,335 | +184% |
| Amounts payable after more than one year | 17 | - | €29,196 | +€29,196 | |
| Financial debts | 170/4 | - | €29,196 | +€29,196 | |
| Amounts payable within one year | 42/48 | €22,991 | €36,130 | +€13,139 | +57.1% |
| Current portion of amounts payable after more than one year | 42 | - | €8,823 | +€8,823 | |
| Trade debts | 44 | €312 | €1,480 | +€1,168 | +374% |
| Suppliers | 440/4 | €312 | €1,480 | +€1,168 | +374% |
| Advances received on contracts in progress | 46 | - | €300 | +€300 | |
| Taxes, remuneration and social security | 45 | €18,519 | €16,293 | -€2,226 | -12.0% |
| Taxes | 450/3 | €14,019 | €15,693 | +€1,674 | +11.9% |
| Remuneration and social security | 454/9 | €4,500 | €600 | -€3,900 | -86.7% |
| Other amounts payable | 47/48 | €4,160 | €9,234 | +€5,074 | +122% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €10,157 | +€10,157 | |
| Other operating charges | 640/8 | €310 | €713 | +€403 | +130% |
| Gross operating margin | 9900 | €63,601 | €82,993 | +€19,392 | +30.5% |
| Operating profit (loss) | 9901 | €63,291 | €72,123 | +€8,832 | +14.0% |
| Financial income | 75/76B | €23 | €163 | +€141 | +622% |
| Recurring financial income | 75 | €23 | €163 | +€141 | +622% |
| Financial charges | 65/66B | €77 | €1,930 | +€1,853 | +2,409% |
| Recurring financial charges | 65 | €77 | €1,930 | +€1,853 | +2,409% |
| Profit (loss) for the period before taxes | 9903 | €63,236 | €70,356 | +€7,120 | +11.3% |
| Income taxes | 67/77 | €12,786 | €13,317 | +€531 | +4.2% |
| Profit (loss) for the period | 9904 | €50,451 | €57,040 | +€6,589 | +13.1% |
| Profit (loss) for the period to be appropriated | 9905 | €50,451 | €57,040 | +€6,589 | +13.1% |
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 19 October 2026 via checked.be.