DIRK SMETS & CO: 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.
DIRK SMETS & CO
Largest movements
- Tangible fixed assets +€108,029
up €108,029 (+16.7%), from €647,011 to €755,040
of which Furniture and vehicles: +€72,007
- Current investments -€70,647
down €70,647 (-87.8%), from €80,442 to €9,795
- Receivables within one year +€15,344
up €15,344 (+336%), from €4,570 to €19,914
of which Trade receivables: +€17,241
- Cash -€11,422
down €11,422 (-14.3%), from €80,020 to €68,598
mainly Investment in fixed assets (net) (-€135,863) and Debts after one year (-€34,280)
- Profit (loss) carried forward +€45,100
up €45,100 (+43.9%), from €102,694 to €147,794
- Debts after one year -€34,280
down €34,280 (-14.0%), from €244,753 to €210,473
- Other debts -€21,760
down €21,760 (-22.0%), from €98,694 to €76,934
- Reserves +€20,000
up €20,000 (+6.5%), from €308,700 to €328,700
of which Distributable reserves: +€20,000
- Accrued charges and deferred income +€16,145
new in 2025: €16,145
- Financial income -€51,990
down €51,990 (-91.5%), from €56,829 to €4,839
- Gross operating margin -€40,721
down €40,721 (-25.4%), from €160,522 to €119,800
- Financial charges -€29,193
down €29,193 (-76.2%), from €38,303 to €9,110
- Other operating charges +€7,813
up €7,813 (+1,922%), from €406 to €8,219
- Depreciation +€3,915
up €3,915 (+16.4%), from €23,919 to €27,835
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 | €813,224 | €853,348 | +€40,124 | +4.9% |
| Fixed assets | 21/28 | €647,011 | €755,040 | +€108,029 | +16.7% |
| Tangible fixed assets | 22/27 | €647,011 | €755,040 | +€108,029 | +16.7% |
| Land and buildings | 22 | €608,987 | €649,400 | +€40,414 | +6.6% |
| Plant, machinery and equipment | 23 | €35,457 | €31,064 | -€4,392 | -12.4% |
| Furniture and vehicles | 24 | €2,568 | €74,575 | +€72,007 | +2,804% |
| Current assets | 29/58 | €166,212 | €98,308 | -€67,904 | -40.9% |
| Amounts receivable within one year | 40/41 | €4,570 | €19,914 | +€15,344 | +336% |
| Trade receivables | 40 | €2,637 | €19,878 | +€17,241 | +654% |
| Other amounts receivable | 41 | €1,933 | €36 | -€1,897 | -98.1% |
| Current investments | 50/53 | €80,442 | €9,795 | -€70,647 | -87.8% |
| Cash at bank and in hand | 54/58 | €80,020 | €68,598 | -€11,422 | -14.3% |
| Deferred charges and accrued income | 490/1 | €1,180 | - | -€1,180 | |
| Total equity and liabilities | 10/49 | €813,224 | €853,348 | +€40,124 | +4.9% |
| Equity | 10/15 | €431,394 | €496,494 | +€65,100 | +15.1% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Capital | 10 | €20,000 | €20,000 | = | 0.0% |
| Issued capital | 100 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €308,700 | €328,700 | +€20,000 | +6.5% |
| Non-distributable reserves | 130/1 | €13,700 | €13,700 | = | 0.0% |
| Legal reserve | 130 | €13,700 | €13,700 | = | 0.0% |
| Distributable reserves | 133 | €295,000 | €315,000 | +€20,000 | +6.8% |
| Profit (loss) carried forward | 14 | €102,694 | €147,794 | +€45,100 | +43.9% |
| Amounts payable | 17/49 | €381,829 | €356,853 | -€24,976 | -6.5% |
| Amounts payable after more than one year | 17 | €244,753 | €210,473 | -€34,280 | -14.0% |
| Financial debts | 170/4 | €244,753 | €210,473 | -€34,280 | -14.0% |
| Amounts payable within one year | 42/48 | €137,076 | €130,236 | -€6,840 | -5.0% |
| Current portion of amounts payable after more than one year | 42 | €33,774 | €34,280 | +€507 | +1.5% |
| Trade debts | 44 | €220 | €10,498 | +€10,278 | +4,673% |
| Suppliers | 440/4 | €220 | €10,498 | +€10,278 | +4,673% |
| Advances received on contracts in progress | 46 | €574 | €574 | = | 0.0% |
| Taxes, remuneration and social security | 45 | €3,814 | €7,950 | +€4,136 | +108% |
| Taxes | 450/3 | €3,814 | €7,950 | +€4,136 | +108% |
| Other amounts payable | 47/48 | €98,694 | €76,934 | -€21,760 | -22.0% |
| Accrued charges and deferred income | 492/3 | - | €16,145 | +€16,145 | |
| Non-recurring operating income | 76A | - | €416 | +€416 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €23,919 | €27,835 | +€3,915 | +16.4% |
| Other operating charges | 640/8 | €406 | €8,219 | +€7,813 | +1,922% |
| Gross operating margin | 9900 | €160,522 | €119,800 | -€40,721 | -25.4% |
| Operating profit (loss) | 9901 | €136,196 | €83,746 | -€52,450 | -38.5% |
| Financial income | 75/76B | €56,829 | €4,839 | -€51,990 | -91.5% |
| Recurring financial income | 75 | €56,829 | €4,839 | -€51,990 | -91.5% |
| Financial charges | 65/66B | €38,303 | €9,110 | -€29,193 | -76.2% |
| Recurring financial charges | 65 | €38,303 | €9,110 | -€29,193 | -76.2% |
| Profit (loss) for the period before taxes | 9903 | €154,721 | €79,474 | -€75,247 | -48.6% |
| Income taxes | 67/77 | €16,042 | €14,374 | -€1,668 | -10.4% |
| Profit (loss) for the period | 9904 | €138,679 | €65,100 | -€73,579 | -53.1% |
| Profit (loss) for the period to be appropriated | 9905 | €138,679 | €65,100 | -€73,579 | -53.1% |
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.