Lotte 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.
"Lotte Smets"
Largest movements
- Cash -€23,025
down €23,025 (-89.5%), from €25,724 to €2,699
mainly Investment in fixed assets (net) (-€16,587) and Receivables within one year (-€11,010)
- Receivables within one year +€11,010
up €11,010 (+2,244%), from €491 to €11,500
of which Other amounts receivable: +€11,500
- Tangible fixed assets +€7,170
up €7,170 (+76.8%), from €9,337 to €16,508
of which Other tangible fixed assets: +€10,568
- Intangible fixed assets +€5,927
new in 2025: €5,927
- Trade debts +€4,514
up €4,514 (+132%), from €3,416 to €7,930
- Tax, wage and social debts -€3,845
down €3,845 (-43.0%), from €8,935 to €5,090
- Profit (loss) carried forward +€1,457
up €1,457 (+18.0%), from €8,106 to €9,563
- Other debts -€1,169
no longer reported in 2025 (was €1,169)
- Gross operating margin -€7,930
down €7,930 (-49.6%), from €15,988 to €8,058
- Other operating charges -€3,017
down €3,017 (-80.0%), from €3,774 to €757
- Taxes -€1,736
down €1,736 (-39.4%), from €4,402 to €2,667
- Depreciation +€1,046
up €1,046 (+42.8%), from €2,444 to €3,490
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.
Derived cash bridge
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 | €35,552 | €36,634 | +€1,082 | +3.0% |
| Fixed assets | 21/28 | €9,337 | €22,435 | +€13,097 | +140% |
| Intangible fixed assets | 21 | - | €5,927 | +€5,927 | |
| Tangible fixed assets | 22/27 | €9,337 | €16,508 | +€7,170 | +76.8% |
| Plant, machinery and equipment | 23 | €1,849 | €919 | -€931 | -50.3% |
| Furniture and vehicles | 24 | €7,488 | €5,021 | -€2,467 | -33.0% |
| Other tangible fixed assets | 26 | - | €10,568 | +€10,568 | |
| Current assets | 29/58 | €26,215 | €14,199 | -€12,015 | -45.8% |
| Amounts receivable within one year | 40/41 | €491 | €11,500 | +€11,010 | +2,244% |
| Trade receivables | 40 | €491 | - | -€491 | |
| Other amounts receivable | 41 | - | €11,500 | +€11,500 | |
| Cash at bank and in hand | 54/58 | €25,724 | €2,699 | -€23,025 | -89.5% |
| Total equity and liabilities | 10/49 | €35,552 | €36,634 | +€1,082 | +3.0% |
| Equity | 10/15 | €22,032 | €23,490 | +€1,457 | +6.6% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €7,727 | €7,727 | = | 0.0% |
| Distributable reserves | 133 | €7,727 | €7,727 | = | 0.0% |
| Profit (loss) carried forward | 14 | €8,106 | €9,563 | +€1,457 | +18.0% |
| Amounts payable | 17/49 | €13,520 | €13,144 | -€376 | -2.8% |
| Amounts payable within one year | 42/48 | €13,520 | €13,020 | -€500 | -3.7% |
| Trade debts | 44 | €3,416 | €7,930 | +€4,514 | +132% |
| Suppliers | 440/4 | €3,416 | €7,930 | +€4,514 | +132% |
| Taxes, remuneration and social security | 45 | €8,935 | €5,090 | -€3,845 | -43.0% |
| Taxes | 450/3 | €8,935 | €5,090 | -€3,845 | -43.0% |
| Other amounts payable | 47/48 | €1,169 | - | -€1,169 | |
| Accrued charges and deferred income | 492/3 | - | €124 | +€124 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,444 | €3,490 | +€1,046 | +42.8% |
| Other operating charges | 640/8 | €3,774 | €757 | -€3,017 | -80.0% |
| Gross operating margin | 9900 | €15,988 | €8,058 | -€7,930 | -49.6% |
| Operating profit (loss) | 9901 | €9,770 | €3,812 | -€5,958 | -61.0% |
| Financial income | 75/76B | €759 | €670 | -€89 | -11.7% |
| Recurring financial income | 75 | €759 | €670 | -€89 | -11.7% |
| Non-recurring financial income | 76B | - | €670 | +€670 | |
| Financial charges | 65/66B | €260 | €358 | +€98 | +37.5% |
| Recurring financial charges | 65 | €260 | €358 | +€98 | +37.5% |
| Non-recurring financial charges | 66B | - | €358 | +€358 | |
| Profit (loss) for the period before taxes | 9903 | €10,269 | €4,124 | -€6,145 | -59.8% |
| Income taxes | 67/77 | €4,402 | €2,667 | -€1,736 | -39.4% |
| Profit (loss) for the period | 9904 | €5,867 | €1,457 | -€4,409 | -75.2% |
| Profit (loss) for the period to be appropriated | 9905 | €5,867 | €1,457 | -€4,409 | -75.2% |
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 27 October 2026 via checked.be.