KRIS SMET: what changed
KRIS SMET
Largest movements
- Cash -€23,387
down €23,387 (-67.6%), from €34,574 to €11,186
mainly Deferred charges and accrued income (-€20,603) and Stocks and contracts (-€17,403)
- Deferred charges and accrued income +€20,603
up €20,603 (+2,775%), from €742 to €21,345
- Stocks and contracts +€17,403
up €17,403 (+32.5%), from €53,546 to €70,948
- Tangible fixed assets -€15,604
down €15,604 (-62.5%), from €24,962 to €9,358
of which Furniture and vehicles: -€15,254
- Receivables within one year -€2,251
down €2,251 (-14.9%), from €15,091 to €12,840
of which Other amounts receivable: -€1,451
- Accrued charges and deferred income +€7,441
up €7,441 (+1,549%), from €480 to €7,922
- Debts after one year -€6,135
down €6,135 (-100%), from €6,135 to €0
- Tax, wage and social debts -€5,291
down €5,291 (-44.2%), from €11,966 to €6,675
- Reserves +€5,231
up €5,231 (+6.9%), from €75,638 to €80,869
of which Distributable reserves: +€5,231
- Current portion of long-term debt -€2,989
down €2,989 (-32.8%), from €9,124 to €6,135
- Gross operating margin +€2,741
up €2,741 (+11.0%), from €24,894 to €27,635
- Depreciation -€2,261
down €2,261 (-12.7%), from €17,865 to €15,604
- Taxes +€1,409
up €1,409 (+50.5%), from €2,788 to €4,196
- Other operating charges -€859
down €859 (-47.6%), from €1,806 to €947
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 | €128,915 | €125,678 | -€3,237 | -2.5% |
| Fixed assets | 21/28 | €24,962 | €9,358 | -€15,604 | -62.5% |
| Tangible fixed assets | 22/27 | €24,962 | €9,358 | -€15,604 | -62.5% |
| Furniture and vehicles | 24 | €22,903 | €7,649 | -€15,254 | -66.6% |
| Other tangible fixed assets | 26 | €2,059 | €1,709 | -€350 | -17.0% |
| Current assets | 29/58 | €103,953 | €116,320 | +€12,367 | +11.9% |
| Stocks and contracts in progress | 3 | €53,546 | €70,948 | +€17,403 | +32.5% |
| Stocks | 30/36 | €53,546 | €70,948 | +€17,403 | +32.5% |
| Amounts receivable within one year | 40/41 | €15,091 | €12,840 | -€2,251 | -14.9% |
| Trade receivables | 40 | €13,640 | €12,840 | -€800 | -5.9% |
| Other amounts receivable | 41 | €1,451 | €0 | -€1,451 | -100% |
| Cash at bank and in hand | 54/58 | €34,574 | €11,186 | -€23,387 | -67.6% |
| Deferred charges and accrued income | 490/1 | €742 | €21,345 | +€20,603 | +2,775% |
| Total equity and liabilities | 10/49 | €128,915 | €125,678 | -€3,237 | -2.5% |
| Equity | 10/15 | €94,238 | €99,469 | +€5,231 | +5.6% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €75,638 | €80,869 | +€5,231 | +6.9% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Other | 1319 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €73,778 | €79,009 | +€5,231 | +7.1% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €34,677 | €26,209 | -€8,468 | -24.4% |
| Amounts payable after more than one year | 17 | €6,135 | €0 | -€6,135 | -100% |
| Financial debts | 170/4 | €6,135 | €0 | -€6,135 | -100% |
| Amounts payable within one year | 42/48 | €28,061 | €18,287 | -€9,774 | -34.8% |
| Current portion of amounts payable after more than one year | 42 | €9,124 | €6,135 | -€2,989 | -32.8% |
| Trade debts | 44 | €2,912 | €1,992 | -€920 | -31.6% |
| Suppliers | 440/4 | €2,912 | €1,992 | -€920 | -31.6% |
| Taxes, remuneration and social security | 45 | €11,966 | €6,675 | -€5,291 | -44.2% |
| Taxes | 450/3 | €11,966 | €6,675 | -€5,291 | -44.2% |
| Other amounts payable | 47/48 | €4,059 | €3,484 | -€575 | -14.2% |
| Accrued charges and deferred income | 492/3 | €480 | €7,922 | +€7,441 | +1,549% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,865 | €15,604 | -€2,261 | -12.7% |
| Other operating charges | 640/8 | €1,806 | €947 | -€859 | -47.6% |
| Gross operating margin | 9900 | €24,894 | €27,635 | +€2,741 | +11.0% |
| Operating profit (loss) | 9901 | €5,223 | €11,084 | +€5,860 | +112% |
| Financial income | 75/76B | €139 | €9 | -€130 | -93.7% |
| Recurring financial income | 75 | €139 | €9 | -€130 | -93.7% |
| Financial charges | 65/66B | €810 | €832 | +€22 | +2.7% |
| Recurring financial charges | 65 | €810 | €832 | +€22 | +2.7% |
| Profit (loss) for the period before taxes | 9903 | €4,552 | €10,260 | +€5,709 | +125% |
| Income taxes | 67/77 | €2,788 | €4,196 | +€1,409 | +50.5% |
| Profit (loss) for the period | 9904 | €1,764 | €6,064 | +€4,300 | +244% |
| Profit (loss) for the period to be appropriated | 9905 | €1,764 | €6,064 | +€4,300 | +244% |
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 7 November 2026 via checked.be.