IMMO SMEDTS: 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.
IMMO SMEDTS
Largest movements
- Cash +€11,803
up €11,803 (+53.5%), from €22,051 to €33,853
mainly Depreciation (+€13,605) and Net result for the year (+€4,775)
- Tangible fixed assets -€9,058
down €9,058 (-2.5%), from €362,721 to €353,664
- Profit (loss) carried forward +€8,223
up €8,223 (+7.3%), from €112,324 to €120,547
- Gross operating margin -€2,929
down €2,929 (-11.3%), from €26,027 to €23,098
- Taxes +€1,372
up €1,372 (+59.6%), from €2,300 to €3,672
- Depreciation +€919
up €919 (+7.2%), from €12,686 to €13,605
From the 2017 result to the 2018 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 2017 and 2018 balance sheets and the 2018 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2017 | 2018 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €485,072 | €487,817 | +€2,745 | +0.6% |
| Fixed assets | 21/28 | €362,721 | €353,664 | -€9,058 | -2.5% |
| Tangible fixed assets | 22/27 | €362,721 | €353,664 | -€9,058 | -2.5% |
| Current assets | 29/58 | €122,351 | €134,153 | +€11,803 | +9.6% |
| Current investments | 50/53 | €100,300 | €100,300 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €22,051 | €33,853 | +€11,803 | +53.5% |
| Total equity and liabilities | 10/49 | €485,072 | €487,817 | +€2,745 | +0.6% |
| Equity | 10/15 | €413,451 | €418,226 | +€4,775 | +1.2% |
| Contributions | 10/11 | €15,000 | €15,000 | = | 0.0% |
| Reserves | 13 | €286,127 | €282,679 | -€3,448 | -1.2% |
| Profit (loss) carried forward | 14 | €112,324 | €120,547 | +€8,223 | +7.3% |
| Provisions and deferred taxes | 16 | €42,607 | €40,832 | -€1,775 | -4.2% |
| Amounts payable | 17/49 | €29,014 | €28,759 | -€255 | -0.9% |
| Amounts payable within one year | 42/48 | €28,243 | €27,972 | -€271 | -1.0% |
| Trade debts | 44 | €224 | €563 | +€339 | +151% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,686 | €13,605 | +€919 | +7.2% |
| Gross operating margin | 9900 | €26,027 | €23,098 | -€2,929 | -11.3% |
| Operating profit (loss) | 9901 | €9,110 | €5,332 | -€3,777 | -41.5% |
| Recurring financial income | 75 | €1,100 | €453 | -€647 | -58.8% |
| Recurring financial charges | 65 | €1,098 | €1,007 | -€92 | -8.3% |
| Profit (loss) for the period before taxes | 9903 | €10,965 | €6,672 | -€4,293 | -39.1% |
| Income taxes | 67/77 | €2,300 | €3,672 | +€1,372 | +59.6% |
| Profit (loss) for the period | 9904 | €10,440 | €4,775 | -€5,664 | -54.3% |
| Profit (loss) for the period to be appropriated | 9905 | €13,887 | €8,223 | -€5,664 | -40.8% |
Source: filed annual accounts (NBB), financial years ended 30 June 2017 and 30 June 2018. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 14 October 2026 via checked.be.