Dr De Smet: 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.
Dr De Smet
Largest movements
- Cash +€3,305
new in 2025: €3,305
mainly Other debts (+€7,443) and Trade debts (+€450)
- Other debts +€7,443
up €7,443 (+43.6%), from €17,077 to €24,520
- Profit (loss) carried forward -€2,968
down €2,968 (-7.6%), from -€39,157 to -€42,125
- Tax, wage and social debts -€1,000
no longer reported in 2025 (was €1,000)
- Short-term financial debts -€620
no longer reported in 2025 (was €620)
- Trade debts +€450
new in 2025: €450
- Gross operating margin +€13,792
up €13,792 (+83.1%), from -€16,595 to -€2,803
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 | - | €3,305 | +€3,305 | |
| Current assets | 29/58 | - | €3,305 | +€3,305 | |
| Cash at bank and in hand | 54/58 | - | €3,305 | +€3,305 | |
| Total equity and liabilities | 10/49 | - | €3,305 | +€3,305 | |
| Equity | 10/15 | -€18,697 | -€21,665 | -€2,968 | -15.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 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% |
| Profit (loss) carried forward | 14 | -€39,157 | -€42,125 | -€2,968 | -7.6% |
| Amounts payable | 17/49 | €18,697 | €24,970 | +€6,273 | +33.5% |
| Amounts payable within one year | 42/48 | €18,697 | €24,970 | +€6,273 | +33.5% |
| Financial debts | 43 | €620 | - | -€620 | |
| Credit institutions | 430/8 | €620 | - | -€620 | |
| Trade debts | 44 | - | €450 | +€450 | |
| Suppliers | 440/4 | - | €450 | +€450 | |
| Taxes, remuneration and social security | 45 | €1,000 | - | -€1,000 | |
| Remuneration and social security | 454/9 | €1,000 | - | -€1,000 | |
| Other amounts payable | 47/48 | €17,077 | €24,520 | +€7,443 | +43.6% |
| Other operating charges | 640/8 | €109 | €118 | +€9 | +8.3% |
| Gross operating margin | 9900 | -€16,595 | -€2,803 | +€13,792 | +83.1% |
| Operating profit (loss) | 9901 | -€16,704 | -€2,921 | +€13,783 | +82.5% |
| Financial charges | 65/66B | €53 | €47 | -€6 | -10.9% |
| Recurring financial charges | 65 | €53 | €47 | -€6 | -10.9% |
| Profit (loss) for the period before taxes | 9903 | -€16,757 | -€2,968 | +€13,789 | +82.3% |
| Profit (loss) for the period | 9904 | -€16,757 | -€2,968 | +€13,789 | +82.3% |
| Profit (loss) for the period to be appropriated | 9905 | -€16,757 | -€2,968 | +€13,789 | +82.3% |
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 29 October 2026 via checked.be.