Kine Smet: what changed
Kine Smet
Largest movements
- Tangible fixed assets -€12,172
down €12,172 (-22.2%), from €54,807 to €42,635
of which Furniture and vehicles: -€8,376
- Cash -€6,207
down €6,207 (-20.7%), from €29,963 to €23,756
mainly Contributions, distributions and other (-€29,525) and Debts after one year (-€9,666)
- Receivables within one year +€2,078
new in 2025: €2,078
- Reserves -€17,621
down €17,621 (-55.2%), from €31,927 to €14,306
- Other debts +€12,089
up €12,089 (+95.4%), from €12,668 to €24,758
- Debts after one year -€9,666
down €9,666 (-40.1%), from €24,105 to €14,439
- Tax, wage and social debts -€1,279
down €1,279 (-36.7%), from €3,486 to €2,207
- Gross operating margin -€14,492
down €14,492 (-28.2%), from €51,460 to €36,968
- Taxes -€2,784
down €2,784 (-41.5%), from €6,707 to €3,922
- Financial charges -€1,708
down €1,708 (-47.9%), from €3,565 to €1,857
- Depreciation +€633
up €633 (+3.5%), from €17,933 to €18,566
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €85,263 | €69,031 | -€16,232 | -19.0% |
| Fixed assets | 21/28 | €54,807 | €42,635 | -€12,172 | -22.2% |
| Tangible fixed assets | 22/27 | €54,807 | €42,635 | -€12,172 | -22.2% |
| Plant, machinery and equipment | 23 | €7,698 | €4,947 | -€2,751 | -35.7% |
| Furniture and vehicles | 24 | €39,142 | €30,766 | -€8,376 | -21.4% |
| Other tangible fixed assets | 26 | €7,967 | €6,923 | -€1,045 | -13.1% |
| Current assets | 29/58 | €30,456 | €26,396 | -€4,060 | -13.3% |
| Amounts receivable within one year | 40/41 | - | €2,078 | +€2,078 | |
| Other amounts receivable | 41 | - | €2,078 | +€2,078 | |
| Cash at bank and in hand | 54/58 | €29,963 | €23,756 | -€6,207 | -20.7% |
| Deferred charges and accrued income | 490/1 | €493 | €562 | +€69 | +13.9% |
| Total equity and liabilities | 10/49 | €85,263 | €69,031 | -€16,232 | -19.0% |
| Equity | 10/15 | €34,927 | €17,306 | -€17,621 | -50.5% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €31,927 | €14,306 | -€17,621 | -55.2% |
| Distributable reserves | 133 | €31,927 | €14,306 | -€17,621 | -55.2% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €50,336 | €51,726 | +€1,390 | +2.8% |
| Amounts payable after more than one year | 17 | €24,105 | €14,439 | -€9,666 | -40.1% |
| Financial debts | 170/4 | €24,105 | €14,439 | -€9,666 | -40.1% |
| Amounts payable within one year | 42/48 | €26,231 | €37,286 | +€11,056 | +42.1% |
| Current portion of amounts payable after more than one year | 42 | €9,251 | €9,666 | +€414 | +4.5% |
| Trade debts | 44 | €825 | €656 | -€169 | -20.5% |
| Suppliers | 440/4 | €825 | €656 | -€169 | -20.5% |
| Taxes, remuneration and social security | 45 | €3,486 | €2,207 | -€1,279 | -36.7% |
| Taxes | 450/3 | €3,486 | €2,207 | -€1,279 | -36.7% |
| Other amounts payable | 47/48 | €12,668 | €24,758 | +€12,089 | +95.4% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,933 | €18,566 | +€633 | +3.5% |
| Other operating charges | 640/8 | €637 | €721 | +€83 | +13.0% |
| Gross operating margin | 9900 | €51,460 | €36,968 | -€14,492 | -28.2% |
| Operating profit (loss) | 9901 | €32,890 | €17,682 | -€15,208 | -46.2% |
| Financial income | 75/76B | €0 | €0 | +€0 | |
| Recurring financial income | 75 | €0 | €0 | +€0 | |
| Financial charges | 65/66B | €3,565 | €1,857 | -€1,708 | -47.9% |
| Recurring financial charges | 65 | €3,565 | €1,857 | -€1,708 | -47.9% |
| Profit (loss) for the period before taxes | 9903 | €29,325 | €15,826 | -€13,499 | -46.0% |
| Income taxes | 67/77 | €6,707 | €3,922 | -€2,784 | -41.5% |
| Profit (loss) for the period | 9904 | €22,618 | €11,903 | -€10,715 | -47.4% |
| Profit (loss) for the period to be appropriated | 9905 | €22,618 | €11,903 | -€10,715 | -47.4% |
Next steps
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.