Dokter J. Smets: 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.
Dokter J. Smets
Largest movements
- Cash +€33,250
up €33,250 (+49.9%), from €66,663 to €99,914
mainly Net result for the year (+€58,260) and Depreciation (+€18,832)
- Tangible fixed assets -€17,583
down €17,583 (-29.9%), from €58,864 to €41,281
of which Furniture and vehicles: -€11,886
- Current investments -€3,980
down €3,980 (-2.8%), from €142,845 to €138,866
- Reserves +€26,317
up €26,317 (+10.6%), from €248,241 to €274,558
of which Distributable reserves: +€26,317
- Contributions -€18,525
down €18,525 (-99.6%), from €18,600 to €75
- Tax, wage and social debts +€5,131
up €5,131 (+47.2%), from €10,880 to €16,011
of which Taxes: +€5,074
- Gross operating margin +€25,335
up €25,335 (+35.4%), from €71,599 to €96,933
- Taxes +€7,850
up €7,850 (+52.8%), from €14,862 to €22,711
- Financial income +€3,861
up €3,861 (+1,071%), from €361 to €4,222
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 | €282,828 | €292,162 | +€9,334 | +3.3% |
| Fixed assets | 21/28 | €60,402 | €42,819 | -€17,583 | -29.1% |
| Tangible fixed assets | 22/27 | €58,864 | €41,281 | -€17,583 | -29.9% |
| Plant, machinery and equipment | 23 | €14,677 | €5,383 | -€9,294 | -63.3% |
| Furniture and vehicles | 24 | €44,187 | €32,301 | -€11,886 | -26.9% |
| Other tangible fixed assets | 26 | - | €3,598 | +€3,598 | |
| Financial fixed assets | 28 | €1,537 | €1,537 | = | 0.0% |
| Current assets | 29/58 | €222,426 | €249,344 | +€26,917 | +12.1% |
| Amounts receivable within one year | 40/41 | €6,937 | €5,101 | -€1,837 | -26.5% |
| Trade receivables | 40 | €3,106 | €4,836 | +€1,730 | +55.7% |
| Other amounts receivable | 41 | €3,831 | €265 | -€3,567 | -93.1% |
| Current investments | 50/53 | €142,845 | €138,866 | -€3,980 | -2.8% |
| Cash at bank and in hand | 54/58 | €66,663 | €99,914 | +€33,250 | +49.9% |
| Deferred charges and accrued income | 490/1 | €5,980 | €5,464 | -€517 | -8.6% |
| Total equity and liabilities | 10/49 | €282,828 | €292,162 | +€9,334 | +3.3% |
| Equity | 10/15 | €268,200 | €274,633 | +€6,433 | +2.4% |
| Contributions | 10/11 | €18,600 | €75 | -€18,525 | -99.6% |
| Reserves | 13 | €248,241 | €274,558 | +€26,317 | +10.6% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €248,241 | €274,558 | +€26,317 | +10.6% |
| Profit (loss) carried forward | 14 | €1,359 | €0 | -€1,359 | -100% |
| Amounts payable | 17/49 | €14,628 | €17,529 | +€2,902 | +19.8% |
| Amounts payable within one year | 42/48 | €14,628 | €17,529 | +€2,902 | +19.8% |
| Trade debts | 44 | €2,586 | €314 | -€2,272 | -87.9% |
| Suppliers | 440/4 | €2,586 | €314 | -€2,272 | -87.9% |
| Taxes, remuneration and social security | 45 | €10,880 | €16,011 | +€5,131 | +47.2% |
| Taxes | 450/3 | €4,148 | €9,223 | +€5,074 | +122% |
| Remuneration and social security | 454/9 | €6,732 | €6,789 | +€57 | +0.8% |
| Other amounts payable | 47/48 | €1,162 | €1,204 | +€42 | +3.6% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,576 | €18,832 | +€256 | +1.4% |
| Other operating charges | 640/8 | €218 | €607 | +€389 | +179% |
| Gross operating margin | 9900 | €71,599 | €96,933 | +€25,335 | +35.4% |
| Operating profit (loss) | 9901 | €52,805 | €77,494 | +€24,690 | +46.8% |
| Financial income | 75/76B | €361 | €4,222 | +€3,861 | +1,071% |
| Recurring financial income | 75 | €361 | €4,222 | +€3,861 | +1,071% |
| Financial charges | 65/66B | €139 | €744 | +€605 | +435% |
| Recurring financial charges | 65 | €139 | €744 | +€605 | +435% |
| Profit (loss) for the period before taxes | 9903 | €53,026 | €80,972 | +€27,946 | +52.7% |
| Income taxes | 67/77 | €14,862 | €22,711 | +€7,850 | +52.8% |
| Profit (loss) for the period | 9904 | €38,165 | €58,260 | +€20,096 | +52.7% |
| Profit (loss) for the period to be appropriated | 9905 | €38,165 | €58,260 | +€20,096 | +52.7% |
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 25 October 2026 via checked.be.