DON SMY: 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.
DON SMY
Largest movements
- Stocks and contracts -€3,606
no longer reported in 2025 (was €3,606)
- Tangible fixed assets -€1,791
down €1,791 (-52.8%), from €3,394 to €1,604
of which Furniture and vehicles: -€1,025
- Cash +€1,198
up €1,198 (+92.2%), from €1,300 to €2,499
mainly Debts after one year (+€4,016) and Current portion of long-term debt (+€3,707)
- Receivables within one year +€594
up €594 (+1.5%), from €39,315 to €39,909
of which Other amounts receivable: +€1,489
- Profit (loss) carried forward -€11,099
down €11,099, from €6,962 to -€4,138
- Debts after one year +€4,016
new in 2025: €4,016
- Current portion of long-term debt +€3,707
up €3,707 (+37.1%), from €10,000 to €13,707
- Tax, wage and social debts +€3,627
up €3,627 (+100.6%), from €3,605 to €7,233
of which Remuneration and social security: +€4,950
- Short-term financial debts -€1,947
no longer reported in 2025 (was €1,947)
- Gross operating margin -€14,824
down €14,824, from €6,541 to -€8,283
- Financial income +€1,112
up €1,112 (+361.2%), from €308 to €1,420
- Financial charges +€946
up €946 (+148.7%), from €636 to €1,581
- Other operating charges -€774
down €774 (-47.3%), from €1,638 to €864
- Taxes -€633
no longer reported in 2025 (was €633)
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 | €49,235 | €46,040 | -€3,196 | -6.5% |
| Fixed assets | 21/28 | €3,394 | €1,604 | -€1,791 | -52.8% |
| Tangible fixed assets | 22/27 | €3,394 | €1,604 | -€1,791 | -52.8% |
| Plant, machinery and equipment | 23 | €1,602 | €837 | -€765 | -47.8% |
| Furniture and vehicles | 24 | €1,792 | €767 | -€1,025 | -57.2% |
| Current assets | 29/58 | €45,841 | €44,436 | -€1,405 | -3.1% |
| Stocks and contracts in progress | 3 | €3,606 | - | -€3,606 | |
| Stocks | 30/36 | €3,606 | - | -€3,606 | |
| Amounts receivable within one year | 40/41 | €39,315 | €39,909 | +€594 | +1.5% |
| Trade receivables | 40 | €34,180 | €33,285 | -€896 | -2.6% |
| Other amounts receivable | 41 | €5,135 | €6,624 | +€1,489 | +29.0% |
| Cash at bank and in hand | 54/58 | €1,300 | €2,499 | +€1,198 | +92.2% |
| Deferred charges and accrued income | 490/1 | €1,620 | €2,029 | +€409 | +25.3% |
| Total equity and liabilities | 10/49 | €49,235 | €46,040 | -€3,196 | -6.5% |
| Equity | 10/15 | €11,962 | €862 | -€11,099 | -92.8% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €6,962 | -€4,138 | -€11,099 | |
| Amounts payable | 17/49 | €37,274 | €45,177 | +€7,904 | +21.2% |
| Amounts payable after more than one year | 17 | - | €4,016 | +€4,016 | |
| Financial debts | 170/4 | - | €4,016 | +€4,016 | |
| Amounts payable within one year | 42/48 | €37,274 | €41,161 | +€3,888 | +10.4% |
| Current portion of amounts payable after more than one year | 42 | €10,000 | €13,707 | +€3,707 | +37.1% |
| Financial debts | 43 | €1,947 | - | -€1,947 | |
| Credit institutions | 430/8 | €1,947 | - | -€1,947 | |
| Trade debts | 44 | €20,492 | €20,222 | -€270 | -1.3% |
| Suppliers | 440/4 | €20,492 | €20,222 | -€270 | -1.3% |
| Taxes, remuneration and social security | 45 | €3,605 | €7,233 | +€3,627 | +100.6% |
| Taxes | 450/3 | €1,955 | €633 | -€1,323 | -67.6% |
| Remuneration and social security | 454/9 | €1,650 | €6,600 | +€4,950 | +300.0% |
| Other amounts payable | 47/48 | €1,230 | - | -€1,230 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,720 | €1,791 | +€71 | +4.1% |
| Other operating charges | 640/8 | €1,638 | €864 | -€774 | -47.3% |
| Gross operating margin | 9900 | €6,541 | -€8,283 | -€14,824 | |
| Operating profit (loss) | 9901 | €3,184 | -€10,938 | -€14,121 | |
| Financial income | 75/76B | €308 | €1,420 | +€1,112 | +361.2% |
| Recurring financial income | 75 | €308 | €1,420 | +€1,112 | +361.2% |
| Financial charges | 65/66B | €636 | €1,581 | +€946 | +148.7% |
| Recurring financial charges | 65 | €636 | €1,581 | +€946 | +148.7% |
| Profit (loss) for the period before taxes | 9903 | €2,856 | -€11,099 | -€13,955 | |
| Income taxes | 67/77 | €633 | - | -€633 | |
| Profit (loss) for the period | 9904 | €2,223 | -€11,099 | -€13,323 | |
| Profit (loss) for the period to be appropriated | 9905 | €2,223 | -€11,099 | -€13,323 |
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 10 October 2026 via checked.be.