P&E DE SMEYTER: what changed
P&E DE SMEYTER
Largest movements
- Cash -€59,915
down €59,915 (-68.0%), from €88,105 to €28,190
mainly Contributions, distributions and other (-€61,000) and Trade debts (-€12,862)
- Stocks and contracts -€7,864
down €7,864 (-33.4%), from €23,568 to €15,704
of which Contracts in progress: -€8,887
- Receivables within one year +€4,772
up €4,772 (+6.1%), from €78,834 to €83,606
of which Trade receivables: +€5,652
- Reserves -€47,000
down €47,000 (-38.3%), from €122,700 to €75,700
- Trade debts -€12,862
down €12,862 (-93.4%), from €13,776 to €914
- Contributions -€2,000
down €2,000 (-23.6%), from €8,460 to €6,460
- Gross operating margin +€15,359
up €15,359 (+348%), from €4,409 to €19,768
- Taxes +€5,500
up €5,500, from -€500 to €5,000
- Other operating charges +€1,352
up €1,352 (+107%), from €1,260 to €2,612
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 | €194,649 | €132,943 | -€61,706 | -31.7% |
| Current assets | 29/58 | €194,649 | €132,943 | -€61,706 | -31.7% |
| Stocks and contracts in progress | 3 | €23,568 | €15,704 | -€7,864 | -33.4% |
| Stocks | 30/36 | €4,288 | €5,311 | +€1,023 | +23.9% |
| Contracts in progress | 37 | €19,280 | €10,393 | -€8,887 | -46.1% |
| Amounts receivable within one year | 40/41 | €78,834 | €83,606 | +€4,772 | +6.1% |
| Trade receivables | 40 | €8,833 | €14,485 | +€5,652 | +64.0% |
| Other amounts receivable | 41 | €70,001 | €69,121 | -€880 | -1.3% |
| Cash at bank and in hand | 54/58 | €88,105 | €28,190 | -€59,915 | -68.0% |
| Deferred charges and accrued income | 490/1 | €4,142 | €5,443 | +€1,301 | +31.4% |
| Total equity and liabilities | 10/49 | €194,649 | €132,943 | -€61,706 | -31.7% |
| Equity | 10/15 | €180,873 | €132,029 | -€48,844 | -27.0% |
| Contributions | 10/11 | €8,460 | €6,460 | -€2,000 | -23.6% |
| Reserves | 13 | €122,700 | €75,700 | -€47,000 | -38.3% |
| Distributable reserves | 133 | €122,700 | €75,700 | -€47,000 | -38.3% |
| Profit (loss) carried forward | 14 | €49,713 | €49,869 | +€156 | +0.3% |
| Amounts payable | 17/49 | €13,776 | €914 | -€12,862 | -93.4% |
| Amounts payable within one year | 42/48 | €13,776 | €914 | -€12,862 | -93.4% |
| Trade debts | 44 | €13,776 | €914 | -€12,862 | -93.4% |
| Suppliers | 440/4 | €13,776 | €914 | -€12,862 | -93.4% |
| Remuneration, social security and pensions | 62 | €50 | - | -€50 | |
| Other operating charges | 640/8 | €1,260 | €2,612 | +€1,352 | +107% |
| Gross operating margin | 9900 | €4,409 | €19,768 | +€15,359 | +348% |
| Operating profit (loss) | 9901 | €3,099 | €17,156 | +€14,057 | +454% |
| Profit (loss) for the period before taxes | 9903 | €3,099 | €17,156 | +€14,057 | +454% |
| Income taxes | 67/77 | -€500 | €5,000 | +€5,500 | |
| Profit (loss) for the period | 9904 | €3,599 | €12,156 | +€8,557 | +238% |
| Profit (loss) for the period to be appropriated | 9905 | €3,599 | €12,156 | +€8,557 | +238% |
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 4 November 2026 via checked.be.