IMMO SMETS: 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 SMETS
Largest movements
- Tangible fixed assets -€135,191
down €135,191 (-5.9%), from €2.3m to €2.2m
- Cash +€123,957
up €123,957 (+3960.4%), from €3,130 to €127,087
mainly Net result for the year (+€368,510) and Depreciation (+€135,191)
- Profit (loss) carried forward +€377,026
up €377,026 (+15.4%), from €2.5m to €2.8m
- Short-term financial debts -€360,000
down €360,000 (-19.9%), from €1.8m to €1.5m
- Financial income -€220,131
down €220,131 (-76.5%), from €287,911 to €67,780
- Gross operating margin +€79,033
up €79,033 (+13.6%), from €581,191 to €660,224
- Financial charges -€42,152
down €42,152 (-36.5%), from €115,481 to €73,329
- Taxes +€29,930
up €29,930 (+39.5%), from €75,682 to €105,612
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.
Cash bridge derived
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 | €6,013,655 | €6,013,472 | -€183 | 0.0% |
| Fixed assets | 21/28 | €6,005,262 | €5,863,850 | -€141,412 | -2.4% |
| Tangible fixed assets | 22/27 | €2,307,663 | €2,172,472 | -€135,191 | -5.9% |
| Land and buildings | 22 | €2,307,663 | €2,172,472 | -€135,191 | -5.9% |
| Financial fixed assets | 28 | €3,697,599 | €3,691,378 | -€6,220 | -0.2% |
| Current assets | 29/58 | €8,393 | €149,622 | +€141,228 | +1682.6% |
| Amounts receivable within one year | 40/41 | €4,300 | €21,546 | +€17,246 | +401.1% |
| Trade receivables | 40 | - | €17,207 | +€17,207 | |
| Other amounts receivable | 41 | €4,300 | €4,338 | +€38 | +0.9% |
| Cash at bank and in hand | 54/58 | €3,130 | €127,087 | +€123,957 | +3960.4% |
| Deferred charges and accrued income | 490/1 | €964 | €989 | +€26 | +2.6% |
| Total equity and liabilities | 10/49 | €6,013,655 | €6,013,472 | -€183 | 0.0% |
| Equity | 10/15 | €3,282,814 | €3,651,325 | +€368,510 | +11.2% |
| Contributions | 10/11 | €61,973 | €61,973 | = | 0.0% |
| Capital | 10 | €61,973 | €61,973 | = | 0.0% |
| Issued capital | 100 | €61,973 | €61,973 | = | 0.0% |
| Reserves | 13 | €768,738 | €760,222 | -€8,516 | -1.1% |
| Non-distributable reserves | 130/1 | €6,197 | €6,197 | = | 0.0% |
| Legal reserve | 130 | €6,197 | €6,197 | = | 0.0% |
| Tax-exempt reserves | 132 | €93,673 | €85,158 | -€8,516 | -9.1% |
| Distributable reserves | 133 | €668,868 | €668,868 | = | 0.0% |
| Profit (loss) carried forward | 14 | €2,452,103 | €2,829,129 | +€377,026 | +15.4% |
| Provisions and deferred taxes | 16 | €31,224 | €28,386 | -€2,839 | -9.1% |
| Deferred taxes | 168 | €31,224 | €28,386 | -€2,839 | -9.1% |
| Amounts payable | 17/49 | €2,699,617 | €2,333,762 | -€365,855 | -13.6% |
| Amounts payable within one year | 42/48 | €2,684,811 | €2,322,097 | -€362,714 | -13.5% |
| Financial debts | 43 | €1,810,000 | €1,450,000 | -€360,000 | -19.9% |
| Credit institutions | 430/8 | €1,810,000 | €1,450,000 | -€360,000 | -19.9% |
| Trade debts | 44 | €2,413 | €2,034 | -€379 | -15.7% |
| Suppliers | 440/4 | €2,413 | €2,034 | -€379 | -15.7% |
| Taxes, remuneration and social security | 45 | €1,350 | €16,792 | +€15,442 | +1143.8% |
| Taxes | 450/3 | €1,350 | €16,792 | +€15,442 | +1143.8% |
| Other amounts payable | 47/48 | €871,047 | €853,270 | -€17,777 | -2.0% |
| Accrued charges and deferred income | 492/3 | €14,806 | €11,665 | -€3,141 | -21.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €135,562 | €135,191 | -€371 | -0.3% |
| Other operating charges | 640/8 | €46,765 | €48,200 | +€1,435 | +3.1% |
| Gross operating margin | 9900 | €581,191 | €660,224 | +€79,033 | +13.6% |
| Operating profit (loss) | 9901 | €398,864 | €476,833 | +€77,969 | +19.5% |
| Financial income | 75/76B | €287,911 | €67,780 | -€220,131 | -76.5% |
| Recurring financial income | 75 | €287,911 | €67,780 | -€220,131 | -76.5% |
| Financial charges | 65/66B | €115,481 | €73,329 | -€42,152 | -36.5% |
| Recurring financial charges | 65 | €115,481 | €73,329 | -€42,152 | -36.5% |
| Profit (loss) for the period before taxes | 9903 | €571,293 | €471,284 | -€100,010 | -17.5% |
| Transfer from deferred taxes | 780 | €2,839 | €2,839 | = | 0.0% |
| Income taxes | 67/77 | €75,682 | €105,612 | +€29,930 | +39.5% |
| Profit (loss) for the period | 9904 | €498,450 | €368,510 | -€129,940 | -26.1% |
| Transfer from tax-exempt reserves | 789 | €8,516 | €8,516 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €506,966 | €377,026 | -€129,940 | -25.6% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 9 October 2026 via checked.be.