GEBROEDERS SMETS: what changed
What changed
GEBROEDERS SMETS
NACE 81.300, Landscape service activities
filed annual accounts (NBB)
Net result for the year
€21,021
2024 · €9,661+€11,360
Equity
€108,677
2024 · €87,656+€21,021
Cash
€34,968
2024 · €35,712-€744
Balance sheet total
€160,095
2024 · €109,408+€50,687
Largest movements
Assets
- Tangible fixed assets +€53,958
up €53,958 (+215%), from €25,137 to €79,095
of which Leasing and similar rights: +€29,160
- Receivables within one year -€3,576
down €3,576 (-7.7%), from €46,190 to €42,614
of which Trade receivables: -€4,892
Equity and liabilities
- Debts after one year +€23,772
up €23,772 (+773%), from €3,076 to €26,848
- Reserves +€20,151
up €20,151 (+26.4%), from €76,335 to €96,485
of which Distributable reserves: +€20,151
- Current portion of long-term debt +€5,167
up €5,167 (+105%), from €4,924 to €10,092
- Tax, wage and social debts +€2,947
up €2,947 (+253%), from €1,164 to €4,111
- Trade debts -€2,004
down €2,004 (-17.4%), from €11,544 to €9,540
Income statement
- Gross operating margin +€21,340
up €21,340 (+74.7%), from €28,584 to €49,924
- Taxes +€4,966
up €4,966 (+302%), from €1,645 to €6,611
- Depreciation +€3,193
up €3,193 (+20.9%), from €15,307 to €18,499
- Staff costs +€681
up €681, from -€66 to €615
- Financial charges +€604
up €604 (+62.7%), from €963 to €1,567
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
€9,661
Gross operating margin
+€21,340
Staff costs
-€681
Depreciation
-€3,193
Other operating charges
-€535
Financial income
-€1
Financial charges
-€604
Taxes
-€4,966
Result 2025
€21,021
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
+€41,968
Investment
-€72,458
Financing
+€29,746
Cash 2024
€35,712
From operations (derived)
+€41,968
Net result for the year
+€21,021
Depreciation
+€18,499
Receivables within one year
+€3,576
Deferred charges and accrued income
-€1,049
Trade debts
-€2,004
Tax, wage and social debts
+€2,947
Other debts
-€1,022
Investment (derived)
-€72,458
Investment in fixed assets (net)
-€72,458
Financing
+€29,746
Debts after one year
+€23,772
Current portion of long-term debt
+€5,167
Short-term financial debts
+€807
Cash 2025
€34,968
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €109,408 | €160,095 | +€50,687 | +46.3% |
| Fixed assets | 21/28 | €25,137 | €79,095 | +€53,958 | +215% |
| Tangible fixed assets | 22/27 | €25,137 | €79,095 | +€53,958 | +215% |
| Plant, machinery and equipment | 23 | €10,215 | €32,444 | +€22,229 | +218% |
| Furniture and vehicles | 24 | €7,541 | €10,110 | +€2,569 | +34.1% |
| Leasing and similar rights | 25 | €7,381 | €36,541 | +€29,160 | +395% |
| Current assets | 29/58 | €84,271 | €81,000 | -€3,271 | -3.9% |
| Amounts receivable within one year | 40/41 | €46,190 | €42,614 | -€3,576 | -7.7% |
| Trade receivables | 40 | €45,335 | €40,443 | -€4,892 | -10.8% |
| Other amounts receivable | 41 | €855 | €2,171 | +€1,316 | +154% |
| Cash at bank and in hand | 54/58 | €35,712 | €34,968 | -€744 | -2.1% |
| Deferred charges and accrued income | 490/1 | €2,369 | €3,418 | +€1,049 | +44.3% |
| Total equity and liabilities | 10/49 | €109,408 | €160,095 | +€50,687 | +46.3% |
| Equity | 10/15 | €87,656 | €108,677 | +€21,021 | +24.0% |
| Contributions | 10/11 | €12,192 | €12,192 | = | 0.0% |
| Reserves | 13 | €76,335 | €96,485 | +€20,151 | +26.4% |
| Non-distributable reserves | 130/1 | €1,517 | €1,517 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,517 | €1,517 | = | 0.0% |
| Tax-exempt reserves | 132 | €345 | €345 | = | 0.0% |
| Distributable reserves | 133 | €74,473 | €94,624 | +€20,151 | +27.1% |
| Profit (loss) carried forward | 14 | -€870 | - | +€870 | |
| Amounts payable | 17/49 | €21,752 | €51,418 | +€29,666 | +136% |
| Amounts payable after more than one year | 17 | €3,076 | €26,848 | +€23,772 | +773% |
| Financial debts | 170/4 | €3,076 | €26,848 | +€23,772 | +773% |
| Amounts payable within one year | 42/48 | €18,675 | €24,570 | +€5,895 | +31.6% |
| Current portion of amounts payable after more than one year | 42 | €4,924 | €10,092 | +€5,167 | +105% |
| Financial debts | 43 | - | €807 | +€807 | |
| Credit institutions | 430/8 | - | €807 | +€807 | |
| Trade debts | 44 | €11,544 | €9,540 | -€2,004 | -17.4% |
| Suppliers | 440/4 | €11,544 | €9,540 | -€2,004 | -17.4% |
| Taxes, remuneration and social security | 45 | €1,164 | €4,111 | +€2,947 | +253% |
| Taxes | 450/3 | €1,164 | €4,111 | +€2,947 | +253% |
| Other amounts payable | 47/48 | €1,043 | €21 | -€1,022 | -98.0% |
| Remuneration, social security and pensions | 62 | -€66 | €615 | +€681 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,307 | €18,499 | +€3,193 | +20.9% |
| Other operating charges | 640/8 | €1,075 | €1,610 | +€535 | +49.8% |
| Gross operating margin | 9900 | €28,584 | €49,924 | +€21,340 | +74.7% |
| Operating profit (loss) | 9901 | €12,268 | €29,199 | +€16,932 | +138% |
| Financial income | 75/76B | €1 | €0 | -€1 | -97.0% |
| Recurring financial income | 75 | €1 | €0 | -€1 | -97.0% |
| Financial charges | 65/66B | €963 | €1,567 | +€604 | +62.7% |
| Recurring financial charges | 65 | €963 | €1,567 | +€604 | +62.7% |
| Profit (loss) for the period before taxes | 9903 | €11,306 | €27,632 | +€16,326 | +144% |
| Income taxes | 67/77 | €1,645 | €6,611 | +€4,966 | +302% |
| Profit (loss) for the period | 9904 | €9,661 | €21,021 | +€11,360 | +118% |
| Profit (loss) for the period to be appropriated | 9905 | €9,661 | €21,021 | +€11,360 | +118% |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 3 November 2026 via checked.be.