RONALD 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.
RONALD SMETS
Largest movements
- Cash +€31,142
up €31,142 (+21.0%), from €148,507 to €179,649
mainly Net result for the year (+€29,667) and Other debts (+€23,047)
- Tangible fixed assets +€17,071
up €17,071 (+860%), from €1,984 to €19,055
of which Furniture and vehicles: +€17,567
- Receivables within one year +€6,266
up €6,266 (+107%), from €5,876 to €12,143
- Deferred charges and accrued income -€2,967
down €2,967 (-26.9%), from €11,033 to €8,066
- Reserves +€28,001
up €28,001 (+21.7%), from €129,113 to €157,114
of which Distributable reserves: +€28,001
- Other debts +€23,047
up €23,047 (+130%), from €17,748 to €40,795
- Depreciation -€2,440
down €2,440 (-55.9%), from €4,369 to €1,929
- Gross operating margin +€1,817
up €1,817 (+2.2%), from €84,179 to €85,996
- Financial charges +€1,548
up €1,548 (+224%), from €690 to €2,238
- Staff costs +€1,311
up €1,311 (+3.6%), from €36,418 to €37,729
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €167,773 | €219,285 | +€51,513 | +30.7% |
| Fixed assets | 21/28 | €2,356 | €19,427 | +€17,071 | +725% |
| Tangible fixed assets | 22/27 | €1,984 | €19,055 | +€17,071 | +860% |
| Land and buildings | 22 | €1,984 | €1,488 | -€496 | -25.0% |
| Furniture and vehicles | 24 | - | €17,567 | +€17,567 | |
| Financial fixed assets | 28 | €372 | €372 | = | 0.0% |
| Current assets | 29/58 | €165,417 | €199,858 | +€34,441 | +20.8% |
| Amounts receivable within one year | 40/41 | €5,876 | €12,143 | +€6,266 | +107% |
| Other amounts receivable | 41 | €5,876 | €12,143 | +€6,266 | +107% |
| Cash at bank and in hand | 54/58 | €148,507 | €179,649 | +€31,142 | +21.0% |
| Deferred charges and accrued income | 490/1 | €11,033 | €8,066 | -€2,967 | -26.9% |
| Total equity and liabilities | 10/49 | €167,773 | €219,285 | +€51,513 | +30.7% |
| Equity | 10/15 | €147,705 | €175,706 | +€28,001 | +19.0% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €129,113 | €157,114 | +€28,001 | +21.7% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,859 | €1,859 | = | 0.0% |
| Distributable reserves | 133 | €127,253 | €155,255 | +€28,001 | +22.0% |
| Amounts payable | 17/49 | €20,068 | €43,579 | +€23,511 | +117% |
| Amounts payable after more than one year | 17 | €999 | €999 | = | 0.0% |
| Financial debts | 170/4 | €999 | €999 | = | 0.0% |
| Amounts payable within one year | 42/48 | €18,871 | €42,382 | +€23,511 | +125% |
| Trade debts | 44 | €316 | €316 | = | 0.0% |
| Suppliers | 440/4 | €316 | €316 | = | 0.0% |
| Taxes, remuneration and social security | 45 | €807 | €1,271 | +€464 | +57.5% |
| Taxes | 450/3 | €807 | €1,271 | +€464 | +57.5% |
| Other amounts payable | 47/48 | €17,748 | €40,795 | +€23,047 | +130% |
| Accrued charges and deferred income | 492/3 | €198 | €198 | = | 0.0% |
| Remuneration, social security and pensions | 62 | €36,418 | €37,729 | +€1,311 | +3.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,369 | €1,929 | -€2,440 | -55.9% |
| Other operating charges | 640/8 | €1,031 | €699 | -€332 | -32.2% |
| Gross operating margin | 9900 | €84,179 | €85,996 | +€1,817 | +2.2% |
| Operating profit (loss) | 9901 | €42,361 | €45,639 | +€3,278 | +7.7% |
| Financial charges | 65/66B | €690 | €2,238 | +€1,548 | +224% |
| Recurring financial charges | 65 | €690 | €2,238 | +€1,548 | +224% |
| Profit (loss) for the period before taxes | 9903 | €41,671 | €43,401 | +€1,730 | +4.2% |
| Income taxes | 67/77 | €14,452 | €13,734 | -€719 | -5.0% |
| Profit (loss) for the period | 9904 | €27,219 | €29,667 | +€2,449 | +9.0% |
| Profit (loss) for the period to be appropriated | 9905 | €27,219 | €29,667 | +€2,449 | +9.0% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 25 October 2026 via checked.be.