PATRICK SMETS NV: 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.
What changed
PATRICK SMETS NV
NACE 47.811, Retail sale of cars and light vans (up to 3.5 tonnes)
financial year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€475,565
2024 · €357,654+€117,911
Equity
€2.8m
2024 · €2.5m+€275,565
Cash
€83,985
2024 · €138,975-€54,990
Balance sheet total
€11.9m
2024 · €12.0m-€170,057
Largest movements
Assets
- Stocks and contracts -€1.3m
down €1.3m (-18.5%), from €7.0m to €5.7m
- Receivables within one year +€638,468
up €638,468 (+32.6%), from €2.0m to €2.6m
of which Trade receivables: +€1.2m
- Tangible fixed assets +€520,813
up €520,813 (+18.1%), from €2.9m to €3.4m
of which Other tangible fixed assets: +€473,962
Equity and liabilities
- Short-term financial debts -€939,195
down €939,195 (-20.0%), from €4.7m to €3.8m
of which Other loans: -€650,000
- Debts after one year +€513,073
up €513,073 (+1724.3%), from €29,756 to €542,828
- Profit (loss) carried forward +€275,565
up €275,565 (+92.5%), from €297,996 to €573,561
- Other debts -€150,000
down €150,000 (-42.9%), from €350,000 to €200,000
- Trade debts +€131,887
up €131,887 (+4.6%), from €2.9m to €3.0m
Income statement
- Goods and materials -€3.0m
down €3.0m (-6.2%), from €49.2m to €46.2m
of which Purchases: -€3.8m
- Turnover -€2.5m
down €2.5m (-4.8%), from €50.8m to €48.3m
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.
Result 2024
€357,654
Turnover
-€2.5m
Other operating income
-€377,271
Goods and materials
+€3.0m
Services and other goods
-€161,251
Staff costs
-€414,054
Depreciation
-€24,117
Write-downs
+€325,579
Provisions
+€187,498
Other operating charges
-€45,521
Other operating items
+€2,301
Financial income
-€5,546
Financial charges
+€73,258
Taxes
-€16,080
Result 2025
€475,565
Cash bridge derived
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.
From operations
+€1.4m
Investment
-€930,038
Financing
-€572,228
Cash 2024
€138,975
From operations (derived)
+€1.4m
Net result for the year
+€475,565
Depreciation
+€367,225
Stocks and contracts
+€1.3m
Receivables within one year
-€638,468
Deferred charges and accrued income
+€14,985
Provisions
-€127,499
Trade debts
+€131,887
Tax, wage and social debts
+€115,310
Advances received
-€22,499
Other debts
-€150,000
Accrued charges and deferred income
-€20,594
Investment (derived)
-€930,038
Investment in fixed assets (net)
-€930,038
Financing
-€572,228
Debts after one year
+€513,073
Current portion of long-term debt
+€53,895
Short-term financial debts
-€939,195
Contributions, distributions and other
-€200,000
Cash 2025
€83,985
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €12,035,586 | €11,865,528 | -€170,057 | -1.4% |
| Fixed assets | 21/28 | €2,885,320 | €3,448,132 | +€562,813 | +19.5% |
| Tangible fixed assets | 22/27 | €2,884,220 | €3,405,032 | +€520,813 | +18.1% |
| Land and buildings | 22 | €2,462,987 | €2,601,720 | +€138,733 | +5.6% |
| Plant, machinery and equipment | 23 | €140,181 | €74,651 | -€65,530 | -46.7% |
| Furniture and vehicles | 24 | €131,052 | €104,699 | -€26,353 | -20.1% |
| Other tangible fixed assets | 26 | €150,000 | €623,962 | +€473,962 | +316.0% |
| Financial fixed assets | 28 | €1,100 | €43,100 | +€42,000 | +3818.2% |
| Other financial fixed assets | 284/8 | €1,100 | €43,100 | +€42,000 | +3818.2% |
| Amounts receivable and cash guarantees | 285/8 | €1,100 | €43,100 | +€42,000 | +3818.2% |
| Current assets | 29/58 | €9,150,266 | €8,417,396 | -€732,870 | -8.0% |
| Stocks and contracts in progress | 3 | €7,019,965 | €5,718,602 | -€1.3m | -18.5% |
| Stocks | 30/36 | €7,019,965 | €5,718,602 | -€1.3m | -18.5% |
| Goods purchased for resale | 34 | €7,019,965 | €5,718,602 | -€1.3m | -18.5% |
| Amounts receivable within one year | 40/41 | €1,959,489 | €2,597,957 | +€638,468 | +32.6% |
| Trade receivables | 40 | €1,270,652 | €2,476,228 | +€1.2m | +94.9% |
| Other amounts receivable | 41 | €688,838 | €121,729 | -€567,108 | -82.3% |
| Cash at bank and in hand | 54/58 | €138,975 | €83,985 | -€54,990 | -39.6% |
| Deferred charges and accrued income | 490/1 | €31,837 | €16,851 | -€14,985 | -47.1% |
| Total equity and liabilities | 10/49 | €12,035,586 | €11,865,528 | -€170,057 | -1.4% |
| Equity | 10/15 | €2,497,996 | €2,773,561 | +€275,565 | +11.0% |
| Contributions | 10/11 | €2,000,000 | €2,000,000 | = | 0.0% |
| Capital | 10 | €2,000,000 | €2,000,000 | = | 0.0% |
| Issued capital | 100 | €2,000,000 | €2,000,000 | = | 0.0% |
| Reserves | 13 | €200,000 | €200,000 | = | 0.0% |
| Non-distributable reserves | 130/1 | €200,000 | €200,000 | = | 0.0% |
| Legal reserve | 130 | €200,000 | €200,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €297,996 | €573,561 | +€275,565 | +92.5% |
| Provisions and deferred taxes | 16 | €467,724 | €340,225 | -€127,499 | -27.3% |
| Provisions for liabilities and charges | 160/5 | €130,999 | €3,500 | -€127,499 | -97.3% |
| Major repairs and maintenance | 162 | €3,500 | €3,500 | = | 0.0% |
| Other liabilities and charges | 164/5 | €127,499 | €0 | -€127,499 | -100.0% |
| Deferred taxes | 168 | €336,725 | €336,725 | = | 0.0% |
| Amounts payable | 17/49 | €9,069,866 | €8,751,743 | -€318,123 | -3.5% |
| Amounts payable after more than one year | 17 | €29,756 | €542,828 | +€513,073 | +1724.3% |
| Financial debts | 170/4 | €29,756 | €542,828 | +€513,073 | +1724.3% |
| Credit institutions | 173 | €29,756 | €542,828 | +€513,073 | +1724.3% |
| Amounts payable within one year | 42/48 | €8,934,307 | €8,123,705 | -€810,602 | -9.1% |
| Current portion of amounts payable after more than one year | 42 | €50,066 | €103,962 | +€53,895 | +107.6% |
| Financial debts | 43 | €4,689,300 | €3,750,104 | -€939,195 | -20.0% |
| Credit institutions | 430/8 | €3,289,300 | €3,000,104 | -€289,195 | -8.8% |
| Other loans | 439 | €1,400,000 | €750,000 | -€650,000 | -46.4% |
| Trade debts | 44 | €2,896,574 | €3,028,461 | +€131,887 | +4.6% |
| Suppliers | 440/4 | €2,896,574 | €3,028,461 | +€131,887 | +4.6% |
| Advances received on contracts in progress | 46 | €321,430 | €298,931 | -€22,499 | -7.0% |
| Taxes, remuneration and social security | 45 | €626,936 | €742,246 | +€115,310 | +18.4% |
| Taxes | 450/3 | €174,819 | €210,918 | +€36,099 | +20.6% |
| Remuneration and social security | 454/9 | €452,117 | €531,328 | +€79,211 | +17.5% |
| Other amounts payable | 47/48 | €350,000 | €200,000 | -€150,000 | -42.9% |
| Accrued charges and deferred income | 492/3 | €105,804 | €85,210 | -€20,594 | -19.5% |
| Operating income | 70/76A | €56,114,973 | €53,280,226 | -€2.8m | -5.1% |
| Turnover | 70 | €50,779,030 | €48,319,252 | -€2.5m | -4.8% |
| Other operating income | 74 | €5,335,944 | €4,958,673 | -€377,271 | -7.1% |
| Non-recurring operating income | 76A | - | €2,301 | +€2,301 | |
| Operating charges | 60/66A | €55,429,215 | €52,528,189 | -€2.9m | -5.2% |
| Goods for resale, raw materials and consumables | 60 | €49,245,052 | €46,212,160 | -€3.0m | -6.2% |
| Purchases | 600/8 | €48,550,225 | €44,732,574 | -€3.8m | -7.9% |
| Change in stocks: decrease (increase) | 609 | €694,827 | €1,479,586 | +€784,759 | +112.9% |
| Services and other goods | 61 | €2,063,750 | €2,225,002 | +€161,251 | +7.8% |
| Remuneration, social security and pensions | 62 | €3,492,863 | €3,906,917 | +€414,054 | +11.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €343,107 | €367,225 | +€24,117 | +7.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €148,249 | -€177,330 | -€325,579 | |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | €59,999 | -€127,499 | -€187,498 | |
| Other operating charges | 640/8 | €76,194 | €121,715 | +€45,521 | +59.7% |
| Operating profit (loss) | 9901 | €685,759 | €752,037 | +€66,278 | +9.7% |
| Financial income | 75/76B | €9,094 | €3,548 | -€5,546 | -61.0% |
| Recurring financial income | 75 | €9,094 | €3,548 | -€5,546 | -61.0% |
| Income from financial fixed assets | 750 | €531 | €959 | +€428 | +80.5% |
| Income from current assets | 751 | €8,306 | €2,323 | -€5,983 | -72.0% |
| Other financial income | 752/9 | €257 | €266 | +€9 | +3.6% |
| Financial charges | 65/66B | €254,124 | €180,866 | -€73,258 | -28.8% |
| Recurring financial charges | 65 | €254,124 | €180,866 | -€73,258 | -28.8% |
| Debt charges | 650 | €231,545 | €161,349 | -€70,196 | -30.3% |
| Other financial charges | 652/9 | €22,579 | €19,517 | -€3,063 | -13.6% |
| Profit (loss) for the period before taxes | 9903 | €440,729 | €574,720 | +€133,991 | +30.4% |
| Income taxes | 67/77 | €83,075 | €99,154 | +€16,080 | +19.4% |
| Taxes | 670/3 | €83,075 | €99,154 | +€16,080 | +19.4% |
| Profit (loss) for the period | 9904 | €357,654 | €475,565 | +€117,911 | +33.0% |
| Profit (loss) for the period to be appropriated | 9905 | €357,654 | €475,565 | +€117,911 | +33.0% |
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 9 October 2026 via checked.be.