DE SMID: 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 SMID
Largest movements
- Tangible fixed assets -€7,665
down €7,665 (-4.2%), from €182,682 to €175,017
- Cash -€3,154
down €3,154 (-73.6%), from €4,288 to €1,134
mainly Net result for the year (-€8,368) and Current portion of long-term debt (-€1,419)
- Profit (loss) carried forward -€4,256
down €4,256 (-13.7%), from -€31,155 to -€35,412
- Reserves -€4,112
down €4,112 (-4.5%), from €90,609 to €86,497
of which Tax-exempt reserves: -€4,112
- Gross operating margin -€8,230
down €8,230 (-99.6%), from €8,260 to €30
- Other operating charges +€299
up €299 (+17.2%), from €1,738 to €2,037
- Financial charges -€177
down €177 (-72.6%), from €243 to €67
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.
Cash bridge derived
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 | €186,970 | €176,151 | -€10,819 | -5.8% |
| Fixed assets | 21/28 | €182,682 | €175,017 | -€7,665 | -4.2% |
| Tangible fixed assets | 22/27 | €182,682 | €175,017 | -€7,665 | -4.2% |
| Land and buildings | 22 | €182,682 | €175,017 | -€7,665 | -4.2% |
| Current assets | 29/58 | €4,288 | €1,134 | -€3,154 | -73.6% |
| Cash at bank and in hand | 54/58 | €4,288 | €1,134 | -€3,154 | -73.6% |
| Total equity and liabilities | 10/49 | €186,970 | €176,151 | -€10,819 | -5.8% |
| Equity | 10/15 | €69,370 | €61,001 | -€8,368 | -12.1% |
| Contributions | 10/11 | €9,916 | €9,916 | = | 0.0% |
| Contributions outside capital | 11 | - | €9,916 | +€9,916 | |
| Other | 1109/19 | - | €9,916 | +€9,916 | |
| Reserves | 13 | €90,609 | €86,497 | -€4,112 | -4.5% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,859 | €1,859 | = | 0.0% |
| Tax-exempt reserves | 132 | €79,215 | €75,103 | -€4,112 | -5.2% |
| Distributable reserves | 133 | €9,535 | €9,535 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€31,155 | -€35,412 | -€4,256 | -13.7% |
| Provisions and deferred taxes | 16 | €26,405 | €25,034 | -€1,371 | -5.2% |
| Deferred taxes | 168 | €26,405 | €25,034 | -€1,371 | -5.2% |
| Amounts payable | 17/49 | €91,196 | €90,115 | -€1,080 | -1.2% |
| Amounts payable after more than one year | 17 | €0 | - | = | |
| Financial debts | 170/4 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €90,484 | €90,115 | -€369 | -0.4% |
| Current portion of amounts payable after more than one year | 42 | €1,419 | - | -€1,419 | |
| Trade debts | 44 | €0 | €50 | +€50 | |
| Suppliers | 440/4 | €0 | €50 | +€50 | |
| Other amounts payable | 47/48 | €89,065 | €90,065 | +€1,000 | +1.1% |
| Accrued charges and deferred income | 492/3 | €711 | - | -€711 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,666 | €7,666 | -€0 | 0.0% |
| Other operating charges | 640/8 | €1,738 | €2,037 | +€299 | +17.2% |
| Gross operating margin | 9900 | €8,260 | €30 | -€8,230 | -99.6% |
| Operating profit (loss) | 9901 | -€1,144 | -€9,673 | -€8,529 | -745.2% |
| Financial income | 75/76B | €0 | €1 | +€1 | |
| Recurring financial income | 75 | €0 | €1 | +€1 | |
| Financial charges | 65/66B | €243 | €67 | -€177 | -72.6% |
| Recurring financial charges | 65 | €243 | €67 | -€177 | -72.6% |
| Profit (loss) for the period before taxes | 9903 | -€1,388 | -€9,739 | -€8,351 | -601.8% |
| Transfer from deferred taxes | 780 | €1,369 | €1,371 | +€1 | +0.1% |
| Profit (loss) for the period | 9904 | -€18 | -€8,368 | -€8,350 | -45330.8% |
| Transfer from tax-exempt reserves | 789 | €4,108 | €4,112 | +€4 | +0.1% |
| Profit (loss) for the period to be appropriated | 9905 | €4,089 | -€4,256 | -€8,346 |
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 9 October 2026 via checked.be.