Laurent Smekens: what changed
Laurent Smekens
Largest movements
- Current investments -€100,000
no longer reported in 2025 (was €100,000)
- Cash +€64,834
up €64,834 (+83.6%), from €77,571 to €142,405
mainly Net result for the year (+€118,910) and Other debts (+€105,243)
- Deferred charges and accrued income -€1,929
down €1,929 (-64.5%), from €2,989 to €1,060
- Tangible fixed assets +€1,913
up €1,913 (+138%), from €1,384 to €3,297
of which Furniture and vehicles: +€2,215
- Profit (loss) carried forward -€156,912
no longer reported in 2025 (was €156,912)
- Other debts +€105,243
up €105,243 (+11,200%), from €940 to €106,183
- Tax, wage and social debts +€19,486
up €19,486 (+337%), from €5,784 to €25,270
- Gross operating margin +€73,599
up €73,599 (+91.9%), from €80,112 to €153,711
- Taxes +€17,613
up €17,613 (+99.5%), from €17,701 to €35,313
- Financial income +€2,152
up €2,152 (+136%), from €1,587 to €3,739
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 | €181,947 | €148,534 | -€33,413 | -18.4% |
| Fixed assets | 21/28 | €1,384 | €3,297 | +€1,913 | +138% |
| Tangible fixed assets | 22/27 | €1,384 | €3,297 | +€1,913 | +138% |
| Furniture and vehicles | 24 | - | €2,215 | +€2,215 | |
| Other tangible fixed assets | 26 | €1,384 | €1,082 | -€302 | -21.8% |
| Current assets | 29/58 | €180,563 | €145,237 | -€35,326 | -19.6% |
| Amounts receivable within one year | 40/41 | €2 | €1,772 | +€1,770 | +73,735% |
| Trade receivables | 40 | - | €1,770 | +€1,770 | |
| Other amounts receivable | 41 | €2 | €2 | = | 0.0% |
| Current investments | 50/53 | €100,000 | - | -€100,000 | |
| Cash at bank and in hand | 54/58 | €77,571 | €142,405 | +€64,834 | +83.6% |
| Deferred charges and accrued income | 490/1 | €2,989 | €1,060 | -€1,929 | -64.5% |
| Total equity and liabilities | 10/49 | €181,947 | €148,534 | -€33,413 | -18.4% |
| Equity | 10/15 | €171,912 | €15,000 | -€156,912 | -91.3% |
| Contributions | 10/11 | €15,000 | €15,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €156,912 | - | -€156,912 | |
| Amounts payable | 17/49 | €10,035 | €133,534 | +€123,499 | +1,231% |
| Amounts payable within one year | 42/48 | €10,035 | €133,534 | +€123,499 | +1,231% |
| Trade debts | 44 | €3,311 | €2,081 | -€1,230 | -37.1% |
| Suppliers | 440/4 | €3,311 | €2,081 | -€1,230 | -37.1% |
| Taxes, remuneration and social security | 45 | €5,784 | €25,270 | +€19,486 | +337% |
| Taxes | 450/3 | €5,784 | €25,270 | +€19,486 | +337% |
| Other amounts payable | 47/48 | €940 | €106,183 | +€105,243 | +11,200% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €126 | €412 | +€287 | +228% |
| Other operating charges | 640/8 | €502 | €507 | +€5 | +1.0% |
| Gross operating margin | 9900 | €80,112 | €153,711 | +€73,599 | +91.9% |
| Operating profit (loss) | 9901 | €79,484 | €152,791 | +€73,307 | +92.2% |
| Financial income | 75/76B | €1,587 | €3,739 | +€2,152 | +136% |
| Recurring financial income | 75 | €1,587 | €3,739 | +€2,152 | +136% |
| Financial charges | 65/66B | €2,663 | €2,306 | -€357 | -13.4% |
| Recurring financial charges | 65 | €2,663 | €2,306 | -€357 | -13.4% |
| Profit (loss) for the period before taxes | 9903 | €78,408 | €154,224 | +€75,816 | +96.7% |
| Income taxes | 67/77 | €17,701 | €35,313 | +€17,613 | +99.5% |
| Profit (loss) for the period | 9904 | €60,707 | €118,910 | +€58,203 | +95.9% |
| Profit (loss) for the period to be appropriated | 9905 | €60,707 | €118,910 | +€58,203 | +95.9% |
Next steps
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 7 November 2026 via checked.be.