DIRK SMET: what changed
You see two financial years side by side: what moved most in the balance sheet and the result, why the result rose or fell and where the money went.
DIRK SMET
Largest movements
- Tangible fixed assets -€17,520
down €17,520 (-11.5%), from €152,777 to €135,257
of which Plant, machinery and equipment: -€10,032
- Cash -€15,859
down €15,859 (-31.2%), from €50,793 to €34,934
mainly Net result for the year (-€16,892) and Debts after one year (-€16,529)
- Receivables within one year -€13,796
down €13,796 (-34.1%), from €40,513 to €26,717
of which Trade receivables: -€30,508
- Deferred charges and accrued income +€5,795
up €5,795 (+104%), from €5,553 to €11,348
- Profit (loss) carried forward -€16,892
down €16,892 (-61.7%), from €27,357 to €10,464
- Debts after one year -€16,529
down €16,529 (-16.3%), from €101,493 to €84,964
- Gross operating margin -€65,749
down €65,749 (-89.3%), from €73,647 to €7,897
- Taxes -€12,513
down €12,513 (-99.3%), from €12,604 to €91
- Depreciation +€1,328
up €1,328 (+7.6%), from €17,367 to €18,695
Change in the result, 2023 to 2024
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2023 and 2024 balance sheets and the 2024 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €283,190 | €241,810 | -€41,380 | -14.6% |
| Fixed assets | 21/28 | €152,777 | €135,257 | -€17,520 | -11.5% |
| Tangible fixed assets | 22/27 | €152,777 | €135,257 | -€17,520 | -11.5% |
| Land and buildings | 22 | €106,205 | €98,803 | -€7,402 | -7.0% |
| Plant, machinery and equipment | 23 | €46,486 | €36,454 | -€10,032 | -21.6% |
| Furniture and vehicles | 24 | €86 | - | -€86 | |
| Current assets | 29/58 | €130,413 | €106,554 | -€23,860 | -18.3% |
| Amounts receivable after more than one year | 29 | €30,000 | €30,000 | = | 0.0% |
| Other amounts receivable | 291 | €30,000 | €30,000 | = | 0.0% |
| Stocks and contracts in progress | 3 | €3,555 | €3,555 | = | 0.0% |
| Stocks | 30/36 | €3,555 | €3,555 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €40,513 | €26,717 | -€13,796 | -34.1% |
| Trade receivables | 40 | €30,508 | - | -€30,508 | |
| Other amounts receivable | 41 | €10,004 | €26,717 | +€16,712 | +167% |
| Cash at bank and in hand | 54/58 | €50,793 | €34,934 | -€15,859 | -31.2% |
| Deferred charges and accrued income | 490/1 | €5,553 | €11,348 | +€5,795 | +104% |
| Total equity and liabilities | 10/49 | €283,190 | €241,810 | -€41,380 | -14.6% |
| Equity | 10/15 | €143,038 | €126,146 | -€16,892 | -11.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €97,081 | €97,081 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €95,221 | €95,221 | = | 0.0% |
| Profit (loss) carried forward | 14 | €27,357 | €10,464 | -€16,892 | -61.7% |
| Amounts payable | 17/49 | €140,152 | €115,665 | -€24,487 | -17.5% |
| Amounts payable after more than one year | 17 | €101,493 | €84,964 | -€16,529 | -16.3% |
| Financial debts | 170/4 | €101,493 | €84,964 | -€16,529 | -16.3% |
| Amounts payable within one year | 42/48 | €37,659 | €30,701 | -€6,959 | -18.5% |
| Current portion of amounts payable after more than one year | 42 | €24,918 | €22,891 | -€2,027 | -8.1% |
| Trade debts | 44 | €9,663 | €7,809 | -€1,853 | -19.2% |
| Suppliers | 440/4 | €9,663 | €7,809 | -€1,853 | -19.2% |
| Taxes, remuneration and social security | 45 | €2,593 | - | -€2,593 | |
| Taxes | 450/3 | €2,593 | - | -€2,593 | |
| Other amounts payable | 47/48 | €486 | - | -€486 | |
| Accrued charges and deferred income | 492/3 | €1,000 | - | -€1,000 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,367 | €18,695 | +€1,328 | +7.6% |
| Other operating charges | 640/8 | €1,585 | €2,054 | +€469 | +29.6% |
| Gross operating margin | 9900 | €73,647 | €7,897 | -€65,749 | -89.3% |
| Operating profit (loss) | 9901 | €54,695 | -€12,851 | -€67,547 | |
| Financial income | 75/76B | €1,242 | €1,417 | +€175 | +14.1% |
| Recurring financial income | 75 | €1,242 | €1,417 | +€175 | +14.1% |
| Financial charges | 65/66B | €4,907 | €5,366 | +€459 | +9.4% |
| Recurring financial charges | 65 | €4,907 | €5,366 | +€459 | +9.4% |
| Profit (loss) for the period before taxes | 9903 | €51,030 | -€16,801 | -€67,831 | |
| Income taxes | 67/77 | €12,604 | €91 | -€12,513 | -99.3% |
| Profit (loss) for the period | 9904 | €38,426 | -€16,892 | -€55,318 | |
| Profit (loss) for the period to be appropriated | 9905 | €38,426 | -€16,892 | -€55,318 |
Source: filed annual accounts (NBB), financial years ended 30 September 2023 and 30 September 2024. Green is a favourable move for that line, red an unfavourable one. Prepared on 1 November 2026 via checked.be.