GEDIMAT SMETS: what changed
GEDIMAT SMETS
Largest movements
- Stocks and contracts +€151,082
up €151,082 (+26.1%), from €578,905 to €729,987
- Cash -€98,486
down €98,486 (-29.1%), from €338,316 to €239,830
mainly Stocks and contracts (-€151,082) and Investment in fixed assets (net) (-€115,282)
- Current investments -€93,810
down €93,810 (-98.6%), from €95,135 to €1,325
- Tangible fixed assets +€71,320
up €71,320 (+48.0%), from €148,532 to €219,852
of which Plant, machinery and equipment: +€90,010
- Receivables within one year +€23,291
up €23,291 (+11.1%), from €209,973 to €233,264
of which Other amounts receivable: +€11,722
- Trade debts +€83,775
up €83,775 (+224%), from €37,448 to €121,223
- Tax, wage and social debts -€70,920
down €70,920 (-86.0%), from €82,432 to €11,512
of which Taxes: -€63,477
- Accrued charges and deferred income +€49,591
up €49,591 (+170%), from €29,187 to €78,778
- Reserves +€41,878
up €41,878 (+6.6%), from €636,678 to €678,556
of which Distributable reserves: +€41,878
- Debts after one year -€32,212
down €32,212 (-49.9%), from €64,508 to €32,296
- Staff costs +€33,225
up €33,225 (+27.8%), from €119,568 to €152,793
- Depreciation -€32,665
down €32,665 (-42.6%), from €76,627 to €43,962
- Gross operating margin -€24,647
down €24,647 (-9.4%), from €262,376 to €237,729
Change in the result, 2023 to 2024
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2023 and 2024 balance sheets and the 2024 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,387,619 | €1,431,739 | +€44,120 | +3.2% |
| Fixed assets | 21/28 | €152,532 | €223,852 | +€71,320 | +46.8% |
| Tangible fixed assets | 22/27 | €148,532 | €219,852 | +€71,320 | +48.0% |
| Land and buildings | 22 | €58,928 | €51,151 | -€7,777 | -13.2% |
| Plant, machinery and equipment | 23 | €56,363 | €146,373 | +€90,010 | +160% |
| Furniture and vehicles | 24 | €889 | €436 | -€453 | -50.9% |
| Leasing and similar rights | 25 | €32,352 | €21,893 | -€10,459 | -32.3% |
| Financial fixed assets | 28 | €4,000 | €4,000 | = | 0.0% |
| Current assets | 29/58 | €1,235,087 | €1,207,886 | -€27,201 | -2.2% |
| Stocks and contracts in progress | 3 | €578,905 | €729,987 | +€151,082 | +26.1% |
| Stocks | 30/36 | €578,905 | €729,987 | +€151,082 | +26.1% |
| Amounts receivable within one year | 40/41 | €209,973 | €233,264 | +€23,291 | +11.1% |
| Trade receivables | 40 | €112,134 | €123,702 | +€11,568 | +10.3% |
| Other amounts receivable | 41 | €97,839 | €109,561 | +€11,722 | +12.0% |
| Current investments | 50/53 | €95,135 | €1,325 | -€93,810 | -98.6% |
| Cash at bank and in hand | 54/58 | €338,316 | €239,830 | -€98,486 | -29.1% |
| Deferred charges and accrued income | 490/1 | €12,758 | €3,481 | -€9,277 | -72.7% |
| Total equity and liabilities | 10/49 | €1,387,619 | €1,431,739 | +€44,120 | +3.2% |
| Equity | 10/15 | €1,016,692 | €1,058,570 | +€41,878 | +4.1% |
| Contributions | 10/11 | €148,740 | €148,740 | -€0 | 0.0% |
| Reserves | 13 | €636,678 | €678,556 | +€41,878 | +6.6% |
| Non-distributable reserves | 130/1 | €14,874 | €14,874 | -€0 | 0.0% |
| Reserves not available under the articles | 1311 | €14,874 | €14,874 | -€0 | 0.0% |
| Tax-exempt reserves | 132 | €104,706 | €104,706 | = | 0.0% |
| Distributable reserves | 133 | €517,098 | €558,976 | +€41,878 | +8.1% |
| Profit (loss) carried forward | 14 | €231,274 | €231,274 | = | 0.0% |
| Amounts payable | 17/49 | €370,927 | €373,169 | +€2,242 | +0.6% |
| Amounts payable after more than one year | 17 | €64,508 | €32,296 | -€32,212 | -49.9% |
| Financial debts | 170/4 | €64,508 | €32,296 | -€32,212 | -49.9% |
| Amounts payable within one year | 42/48 | €277,232 | €262,095 | -€15,137 | -5.5% |
| Current portion of amounts payable after more than one year | 42 | €37,634 | €13,322 | -€24,312 | -64.6% |
| Trade debts | 44 | €37,448 | €121,223 | +€83,775 | +224% |
| Suppliers | 440/4 | €37,448 | €121,223 | +€83,775 | +224% |
| Taxes, remuneration and social security | 45 | €82,432 | €11,512 | -€70,920 | -86.0% |
| Taxes | 450/3 | €70,120 | €6,643 | -€63,477 | -90.5% |
| Remuneration and social security | 454/9 | €12,312 | €4,869 | -€7,443 | -60.5% |
| Other amounts payable | 47/48 | €119,718 | €116,038 | -€3,680 | -3.1% |
| Accrued charges and deferred income | 492/3 | €29,187 | €78,778 | +€49,591 | +170% |
| Remuneration, social security and pensions | 62 | €119,568 | €152,793 | +€33,225 | +27.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €76,627 | €43,962 | -€32,665 | -42.6% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €1,595 | - | -€1,595 | |
| Other operating charges | 640/8 | €4,394 | €5,655 | +€1,261 | +28.7% |
| Gross operating margin | 9900 | €262,376 | €237,729 | -€24,647 | -9.4% |
| Operating profit (loss) | 9901 | €60,192 | €35,319 | -€24,874 | -41.3% |
| Financial income | 75/76B | €32,841 | €31,643 | -€1,198 | -3.6% |
| Recurring financial income | 75 | €32,841 | €31,643 | -€1,198 | -3.6% |
| Financial charges | 65/66B | €2,846 | €3,066 | +€220 | +7.7% |
| Recurring financial charges | 65 | €2,846 | €3,066 | +€220 | +7.7% |
| Profit (loss) for the period before taxes | 9903 | €90,187 | €63,896 | -€26,291 | -29.2% |
| Income taxes | 67/77 | €22,125 | €22,019 | -€106 | -0.5% |
| Profit (loss) for the period | 9904 | €68,062 | €41,878 | -€26,184 | -38.5% |
| Profit (loss) for the period to be appropriated | 9905 | €68,062 | €41,878 | -€26,184 | -38.5% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Green is a favourable move for that line, red an unfavourable one. Prepared on 4 November 2026 via checked.be.