Ets PIERRE SMULDERS: what changed
What changed
Ets PIERRE SMULDERS
NACE 47.781, Retail sale of solid, liquid and gaseous fuels, excluding motor fuels
filed annual accounts (NBB)
Net result for the year
-€19,796
2024 · -€87,543+€67,747
Equity
€1,007
2024 · €20,803-€19,796
Cash
€228
2024 · €1,482-€1,255
Balance sheet total
€253,997
2024 · €292,696-€38,699
Largest movements
Assets
- Tangible fixed assets -€15,353
down €15,353 (-17.4%), from €88,328 to €72,975
of which Furniture and vehicles: -€14,755
- Stocks and contracts -€14,025
down €14,025 (-7.8%), from €179,258 to €165,233
- Receivables within one year -€12,135
down €12,135 (-52.6%), from €23,082 to €10,947
of which Trade receivables: -€8,613
- Deferred charges and accrued income +€4,069
up €4,069 (+823%), from €495 to €4,564
Equity and liabilities
- Other debts -€25,565
down €25,565 (-18.0%), from €141,957 to €116,393
- Profit (loss) carried forward -€19,796
down €19,796 (-22.6%), from -€87,543 to -€107,340
- Debts after one year -€19,006
down €19,006 (-33.0%), from €57,582 to €38,576
- Trade debts +€14,683
up €14,683 (+60.6%), from €24,236 to €38,919
- Short-term financial debts +€10,565
up €10,565 (+82.9%), from €12,746 to €23,312
Income statement
- Gross operating margin +€80,124
up €80,124 (+133%), from €60,251 to €140,375
- Staff costs +€8,684
up €8,684 (+7.5%), from €116,086 to €124,770
- Depreciation +€4,444
up €4,444 (+19.8%), from €22,444 to €26,889
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
-€87,543
Gross operating margin
+€80,124
Staff costs
-€8,684
Depreciation
-€4,444
Other operating charges
+€1,392
Financial income
+€80
Financial charges
-€721
Result 2025
-€19,796
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€20,593
Investment
-€11,536
Financing
-€10,313
Cash 2024
€1,482
From operations (derived)
+€20,593
Net result for the year
-€19,796
Depreciation
+€26,889
Stocks and contracts
+€14,025
Receivables within one year
+€12,135
Deferred charges and accrued income
-€4,069
Trade debts
+€14,683
Tax, wage and social debts
+€2,413
Advances received
-€122
Other debts
-€25,565
Investment (derived)
-€11,536
Investment in fixed assets (net)
-€11,536
Financing
-€10,313
Debts after one year
-€19,006
Current portion of long-term debt
-€1,872
Short-term financial debts
+€10,565
Cash 2025
€228
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €292,696 | €253,997 | -€38,699 | -13.2% |
| Fixed assets | 21/28 | €88,378 | €73,025 | -€15,353 | -17.4% |
| Tangible fixed assets | 22/27 | €88,328 | €72,975 | -€15,353 | -17.4% |
| Furniture and vehicles | 24 | €83,447 | €68,693 | -€14,755 | -17.7% |
| Other tangible fixed assets | 26 | €4,881 | €4,283 | -€598 | -12.3% |
| Financial fixed assets | 28 | €50 | €50 | = | 0.0% |
| Current assets | 29/58 | €204,318 | €180,971 | -€23,346 | -11.4% |
| Stocks and contracts in progress | 3 | €179,258 | €165,233 | -€14,025 | -7.8% |
| Stocks | 30/36 | €179,258 | €165,233 | -€14,025 | -7.8% |
| Amounts receivable within one year | 40/41 | €23,082 | €10,947 | -€12,135 | -52.6% |
| Trade receivables | 40 | €19,561 | €10,947 | -€8,613 | -44.0% |
| Other amounts receivable | 41 | €3,522 | €0 | -€3,522 | -100% |
| Cash at bank and in hand | 54/58 | €1,482 | €228 | -€1,255 | -84.7% |
| Deferred charges and accrued income | 490/1 | €495 | €4,564 | +€4,069 | +823% |
| Total equity and liabilities | 10/49 | €292,696 | €253,997 | -€38,699 | -13.2% |
| Equity | 10/15 | €20,803 | €1,007 | -€19,796 | -95.2% |
| Contributions | 10/11 | €6,334 | €6,334 | = | 0.0% |
| Reserves | 13 | €102,013 | €102,013 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,900 | €1,900 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,900 | €1,900 | = | 0.0% |
| Distributable reserves | 133 | €100,113 | €100,113 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€87,543 | -€107,340 | -€19,796 | -22.6% |
| Amounts payable | 17/49 | €271,893 | €252,990 | -€18,903 | -7.0% |
| Amounts payable after more than one year | 17 | €57,582 | €38,576 | -€19,006 | -33.0% |
| Financial debts | 170/4 | €57,582 | €38,576 | -€19,006 | -33.0% |
| Amounts payable within one year | 42/48 | €214,310 | €214,414 | +€103 | 0.0% |
| Current portion of amounts payable after more than one year | 42 | €20,878 | €19,006 | -€1,872 | -9.0% |
| Financial debts | 43 | €12,746 | €23,312 | +€10,565 | +82.9% |
| Credit institutions | 430/8 | €12,746 | €23,312 | +€10,565 | +82.9% |
| Trade debts | 44 | €24,236 | €38,919 | +€14,683 | +60.6% |
| Suppliers | 440/4 | €24,236 | €38,919 | +€14,683 | +60.6% |
| Advances received on contracts in progress | 46 | €1,880 | €1,758 | -€122 | -6.5% |
| Taxes, remuneration and social security | 45 | €12,613 | €15,026 | +€2,413 | +19.1% |
| Taxes | 450/3 | €3,318 | €1,576 | -€1,742 | -52.5% |
| Remuneration and social security | 454/9 | €9,295 | €13,450 | +€4,155 | +44.7% |
| Other amounts payable | 47/48 | €141,957 | €116,393 | -€25,565 | -18.0% |
| Remuneration, social security and pensions | 62 | €116,086 | €124,770 | +€8,684 | +7.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €22,444 | €26,889 | +€4,444 | +19.8% |
| Other operating charges | 640/8 | €3,371 | €1,979 | -€1,392 | -41.3% |
| Gross operating margin | 9900 | €60,251 | €140,375 | +€80,124 | +133% |
| Operating profit (loss) | 9901 | -€81,650 | -€13,262 | +€68,388 | +83.8% |
| Financial income | 75/76B | €381 | €462 | +€80 | +21.1% |
| Recurring financial income | 75 | €381 | €462 | +€80 | +21.1% |
| Financial charges | 65/66B | €6,274 | €6,996 | +€721 | +11.5% |
| Recurring financial charges | 65 | €6,274 | €6,996 | +€721 | +11.5% |
| Profit (loss) for the period before taxes | 9903 | -€87,543 | -€19,796 | +€67,747 | +77.4% |
| Income taxes | 67/77 | €0 | - | = | |
| Profit (loss) for the period | 9904 | -€87,543 | -€19,796 | +€67,747 | +77.4% |
| Profit (loss) for the period to be appropriated | 9905 | -€87,543 | -€19,796 | +€67,747 | +77.4% |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 2 November 2026 via checked.be.