KATHLEEN SMITS: what changed
What changed
KATHLEEN SMITS
NACE 46.411, Wholesale trade
filed annual accounts (NBB)
Net result for the year
-€5,297
2024 · -€12,142+€6,845
Equity
-€15,562
2024 · -€10,266-€5,297
Cash
€11,752
2024 · €345+€11,407
Balance sheet total
€32,846
2024 · €20,970+€11,875
Largest movements
Assets
- Cash +€11,407
up €11,407 (+3,307%), from €345 to €11,752
mainly Other debts (+€14,075) and Trade debts (+€3,424)
- Receivables within one year +€1,984
up €1,984 (+63.0%), from €3,148 to €5,132
of which Trade receivables: +€2,022
- Tangible fixed assets -€1,700
down €1,700 (-36.3%), from €4,685 to €2,985
of which Other tangible fixed assets: -€1,603
Equity and liabilities
- Other debts +€14,075
up €14,075 (+48.9%), from €28,758 to €42,833
- Profit (loss) carried forward -€5,297
down €5,297 (-7.1%), from -€74,627 to -€79,924
- Trade debts +€3,424
up €3,424 (+454%), from €754 to €4,178
Income statement
- Gross operating margin +€6,411
up €6,411 (+92.3%), from -€6,943 to -€533
- Financial charges -€360
down €360 (-37.1%), from €970 to €610
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
-€12,142
Gross operating margin
+€6,411
Depreciation
+€44
Other operating charges
-€30
Financial income
+€58
Financial charges
+€360
Taxes
+€3
Result 2025
-€5,297
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
+€12,886
Investment
-€1,154
Financing
-€325
Cash 2024
€345
From operations (derived)
+€12,886
Net result for the year
-€5,297
Depreciation
+€2,854
Receivables within one year
-€1,984
Deferred charges and accrued income
-€184
Trade debts
+€3,424
Tax, wage and social debts
-€3
Other debts
+€14,075
Investment (derived)
-€1,154
Investment in fixed assets (net)
-€1,154
Financing
-€325
Current portion of long-term debt
-€325
Cash 2025
€11,752
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €20,970 | €32,846 | +€11,875 | +56.6% |
| Fixed assets | 21/28 | €4,685 | €2,985 | -€1,700 | -36.3% |
| Tangible fixed assets | 22/27 | €4,685 | €2,985 | -€1,700 | -36.3% |
| Furniture and vehicles | 24 | €2,097 | €2,000 | -€97 | -4.6% |
| Other tangible fixed assets | 26 | €2,588 | €985 | -€1,603 | -61.9% |
| Current assets | 29/58 | €16,286 | €29,861 | +€13,575 | +83.4% |
| Stocks and contracts in progress | 3 | €11,575 | €11,575 | = | 0.0% |
| Stocks | 30/36 | €11,575 | €11,575 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €3,148 | €5,132 | +€1,984 | +63.0% |
| Trade receivables | 40 | €2,761 | €4,783 | +€2,022 | +73.2% |
| Other amounts receivable | 41 | €387 | €349 | -€38 | -9.8% |
| Cash at bank and in hand | 54/58 | €345 | €11,752 | +€11,407 | +3,307% |
| Deferred charges and accrued income | 490/1 | €1,217 | €1,401 | +€184 | +15.1% |
| Total equity and liabilities | 10/49 | €20,970 | €32,846 | +€11,875 | +56.6% |
| Equity | 10/15 | -€10,266 | -€15,562 | -€5,297 | -51.6% |
| Contributions | 10/11 | €25,000 | €25,000 | = | 0.0% |
| Reserves | 13 | €39,361 | €39,361 | = | 0.0% |
| Distributable reserves | 133 | €39,361 | €39,361 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€74,627 | -€79,924 | -€5,297 | -7.1% |
| Amounts payable | 17/49 | €31,236 | €48,408 | +€17,172 | +55.0% |
| Amounts payable within one year | 42/48 | €31,236 | €48,408 | +€17,172 | +55.0% |
| Current portion of amounts payable after more than one year | 42 | €325 | - | -€325 | |
| Trade debts | 44 | €754 | €4,178 | +€3,424 | +454% |
| Suppliers | 440/4 | €754 | €4,178 | +€3,424 | +454% |
| Taxes, remuneration and social security | 45 | €1,399 | €1,396 | -€3 | -0.2% |
| Taxes | 450/3 | €1,399 | €1,396 | -€3 | -0.2% |
| Other amounts payable | 47/48 | €28,758 | €42,833 | +€14,075 | +48.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,898 | €2,854 | -€44 | -1.5% |
| Other operating charges | 640/8 | €1,023 | €1,053 | +€30 | +3.0% |
| Gross operating margin | 9900 | -€6,943 | -€533 | +€6,411 | +92.3% |
| Operating profit (loss) | 9901 | -€10,864 | -€4,440 | +€6,424 | +59.1% |
| Financial income | 75/76B | €1 | €59 | +€58 | +5,808% |
| Recurring financial income | 75 | €1 | €59 | +€58 | +5,808% |
| Financial charges | 65/66B | €970 | €610 | -€360 | -37.1% |
| Recurring financial charges | 65 | €970 | €610 | -€360 | -37.1% |
| Profit (loss) for the period before taxes | 9903 | -€11,833 | -€4,991 | +€6,842 | +57.8% |
| Income taxes | 67/77 | €309 | €306 | -€3 | -0.9% |
| Profit (loss) for the period | 9904 | -€12,142 | -€5,297 | +€6,845 | +56.4% |
| Profit (loss) for the period to be appropriated | 9905 | -€12,142 | -€5,297 | +€6,845 | +56.4% |
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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 3 November 2026 via checked.be.