DE SMULPAAP: what changed
What changed
DE SMULPAAP
NACE 47.221, Retail sale of meat and meat products, excluding game and poultry
filed annual accounts (NBB)
Net result for the year
€41,036
2024 · €9,851+€31,185
Equity
€49,178
2024 · €23,856+€25,322
Cash
€53,853
2024 · €53,550+€303
Balance sheet total
€187,644
2024 · €185,682+€1,962
Largest movements
Assets
- Tangible fixed assets +€10,004
up €10,004 (+70.0%), from €14,297 to €24,301
of which Furniture and vehicles: +€8,933
- Receivables within one year -€6,173
down €6,173 (-6.5%), from €94,674 to €88,501
of which Trade receivables: -€6,290
Equity and liabilities
- Trade debts -€35,258
down €35,258 (-52.7%), from €66,872 to €31,613
- Profit (loss) carried forward +€25,256
up €25,256, from -€25,256 to €0
- Accrued charges and deferred income +€4,714
new in 2025: €4,714
- Other debts +€3,511
up €3,511 (+4.6%), from €77,086 to €80,598
- Short-term financial debts +€3,199
up €3,199, from €0 to €3,199
Income statement
- Gross operating margin +€44,560
up €44,560 (+63.6%), from €70,011 to €114,571
- Staff costs +€8,149
up €8,149 (+15.3%), from €53,393 to €61,543
- Depreciation +€2,197
up €2,197 (+70.9%), from €3,101 to €5,298
- Other operating charges +€1,753
up €1,753 (+151%), from €1,159 to €2,912
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.
Result 2024
€9,851
Gross operating margin
+€44,560
Staff costs
-€8,149
Depreciation
-€2,197
Other operating charges
-€1,753
Financial income
-€267
Financial charges
-€352
Taxes
-€656
Result 2025
€41,036
raises the resultlowers the result
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.
From operations
+€27,479
Investment
-€14,660
Financing
-€12,516
Cash 2024
€53,550
From operations (derived)
+€27,479
Net result for the year
+€41,036
Depreciation
+€5,298
Stocks and contracts
+€559
Receivables within one year
+€6,173
Deferred charges and accrued income
+€971
Trade debts
-€35,258
Tax, wage and social debts
+€474
Other debts
+€3,511
Accrued charges and deferred income
+€4,714
Investment (derived)
-€14,660
Investment in fixed assets (net)
-€14,660
Financing
-€12,516
Short-term financial debts
+€3,199
Contributions, distributions and other
-€15,714
Cash 2025
€53,853
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €185,682 | €187,644 | +€1,962 | +1.1% |
| Fixed assets | 21/28 | €15,303 | €24,665 | +€9,362 | +61.2% |
| Intangible fixed assets | 21 | €1,006 | €364 | -€642 | -63.8% |
| Tangible fixed assets | 22/27 | €14,297 | €24,301 | +€10,004 | +70.0% |
| Plant, machinery and equipment | 23 | €13,309 | €14,687 | +€1,379 | +10.4% |
| Furniture and vehicles | 24 | - | €8,933 | +€8,933 | |
| Other tangible fixed assets | 26 | €989 | €680 | -€308 | -31.2% |
| Current assets | 29/58 | €170,379 | €162,979 | -€7,400 | -4.3% |
| Stocks and contracts in progress | 3 | €21,184 | €20,625 | -€559 | -2.6% |
| Stocks | 30/36 | €21,184 | €20,625 | -€559 | -2.6% |
| Amounts receivable within one year | 40/41 | €94,674 | €88,501 | -€6,173 | -6.5% |
| Trade receivables | 40 | €8,038 | €1,748 | -€6,290 | -78.2% |
| Other amounts receivable | 41 | €86,635 | €86,752 | +€117 | +0.1% |
| Cash at bank and in hand | 54/58 | €53,550 | €53,853 | +€303 | +0.6% |
| Deferred charges and accrued income | 490/1 | €971 | €0 | -€971 | -100% |
| Total equity and liabilities | 10/49 | €185,682 | €187,644 | +€1,962 | +1.1% |
| Equity | 10/15 | €23,856 | €49,178 | +€25,322 | +106% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €30,512 | €30,578 | +€66 | +0.2% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €30,512 | €30,578 | +€66 | +0.2% |
| Profit (loss) carried forward | 14 | -€25,256 | €0 | +€25,256 | |
| Amounts payable | 17/49 | €161,825 | €138,466 | -€23,360 | -14.4% |
| Amounts payable within one year | 42/48 | €161,825 | €133,751 | -€28,074 | -17.3% |
| Current portion of amounts payable after more than one year | 42 | €0 | - | = | |
| Financial debts | 43 | €0 | €3,199 | +€3,199 | |
| Credit institutions | 430/8 | €0 | €3,199 | +€3,199 | |
| Trade debts | 44 | €66,872 | €31,613 | -€35,258 | -52.7% |
| Suppliers | 440/4 | €66,872 | €31,613 | -€35,258 | -52.7% |
| Taxes, remuneration and social security | 45 | €17,867 | €18,342 | +€474 | +2.7% |
| Taxes | 450/3 | €3,121 | €1,811 | -€1,309 | -42.0% |
| Remuneration and social security | 454/9 | €14,747 | €16,530 | +€1,783 | +12.1% |
| Other amounts payable | 47/48 | €77,086 | €80,598 | +€3,511 | +4.6% |
| Accrued charges and deferred income | 492/3 | - | €4,714 | +€4,714 | |
| Remuneration, social security and pensions | 62 | €53,393 | €61,543 | +€8,149 | +15.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,101 | €5,298 | +€2,197 | +70.9% |
| Other operating charges | 640/8 | €1,159 | €2,912 | +€1,753 | +151% |
| Gross operating margin | 9900 | €70,011 | €114,571 | +€44,560 | +63.6% |
| Operating profit (loss) | 9901 | €12,358 | €44,818 | +€32,460 | +263% |
| Financial income | 75/76B | €4,948 | €4,680 | -€267 | -5.4% |
| Recurring financial income | 75 | €4,948 | €4,680 | -€267 | -5.4% |
| Financial charges | 65/66B | €7,233 | €7,584 | +€352 | +4.9% |
| Recurring financial charges | 65 | €7,233 | €7,584 | +€352 | +4.9% |
| Profit (loss) for the period before taxes | 9903 | €10,073 | €41,914 | +€31,841 | +316% |
| Income taxes | 67/77 | €222 | €878 | +€656 | +295% |
| Profit (loss) for the period | 9904 | €9,851 | €41,036 | +€31,185 | +317% |
| Profit (loss) for the period to be appropriated | 9905 | €9,851 | €41,036 | +€31,185 | +317% |
Next steps
Work out how much credit to give this customer and on what payment terms.Credit check Check what to know before you do business with this company.Supplier due diligence Check whether you can accept this company as a client under the anti-money-laundering law.AML client file Compare this company with its sector.Sector benchmark
Calculation and sources
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 4 November 2026 via checked.be.