SM DINANT: 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.
SM DINANT
Largest movements
- Tangible fixed assets +€130,353
up €130,353 (+390%), from €33,453 to €163,807
of which Plant, machinery and equipment: +€129,067
- Receivables within one year -€126,145
down €126,145 (-80.9%), from €155,893 to €29,747
of which Trade receivables: -€124,019
- Deferred charges and accrued income +€80,263
up €80,263 (+137%), from €58,543 to €138,806
- Stocks and contracts -€31,199
down €31,199 (-4.9%), from €635,094 to €603,895
- Cash +€18,284
up €18,284 (+2.8%), from €649,375 to €667,659
mainly Net result for the year (+€150,215) and Receivables within one year (+€126,145)
- Other debts +€120,432
up €120,432 (+8,745%), from €1,377 to €121,809
- Trade debts -€85,873
down €85,873 (-8.8%), from €974,950 to €889,077
- Accrued charges and deferred income +€43,253
up €43,253 (+160%), from €27,035 to €70,288
- Tax, wage and social debts -€38,346
down €38,346 (-11.3%), from €339,453 to €301,107
of which Remuneration and social security: -€82,940
- Reserves +€30,000
new in 2025: €30,000
- Gross operating margin +€1.2m
up €1.2m (+92.6%), from €1.3m to €2.4m
- Staff costs +€986,644
up €986,644 (+79.9%), from €1.2m to €2.2m
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 | €1,548,132 | €1,617,814 | +€69,681 | +4.5% |
| Fixed assets | 21/28 | €49,228 | €177,707 | +€128,478 | +261% |
| Intangible fixed assets | 21 | €14,075 | €12,200 | -€1,875 | -13.3% |
| Tangible fixed assets | 22/27 | €33,453 | €163,807 | +€130,353 | +390% |
| Plant, machinery and equipment | 23 | €33,453 | €162,520 | +€129,067 | +386% |
| Furniture and vehicles | 24 | - | €1,286 | +€1,286 | |
| Financial fixed assets | 28 | €1,700 | €1,700 | = | 0.0% |
| Current assets | 29/58 | €1,498,904 | €1,440,107 | -€58,797 | -3.9% |
| Stocks and contracts in progress | 3 | €635,094 | €603,895 | -€31,199 | -4.9% |
| Stocks | 30/36 | €635,094 | €603,895 | -€31,199 | -4.9% |
| Amounts receivable within one year | 40/41 | €155,893 | €29,747 | -€126,145 | -80.9% |
| Trade receivables | 40 | €153,767 | €29,747 | -€124,019 | -80.7% |
| Other amounts receivable | 41 | €2,126 | - | -€2,126 | |
| Cash at bank and in hand | 54/58 | €649,375 | €667,659 | +€18,284 | +2.8% |
| Deferred charges and accrued income | 490/1 | €58,543 | €138,806 | +€80,263 | +137% |
| Total equity and liabilities | 10/49 | €1,548,132 | €1,617,814 | +€69,681 | +4.5% |
| Equity | 10/15 | €205,317 | €235,532 | +€30,215 | +14.7% |
| Contributions | 10/11 | €200,000 | €200,000 | = | 0.0% |
| Reserves | 13 | - | €30,000 | +€30,000 | |
| Distributable reserves | 133 | - | €30,000 | +€30,000 | |
| Profit (loss) carried forward | 14 | €5,317 | €5,532 | +€215 | +4.0% |
| Amounts payable | 17/49 | €1,342,815 | €1,382,282 | +€39,467 | +2.9% |
| Amounts payable within one year | 42/48 | €1,315,780 | €1,311,994 | -€3,786 | -0.3% |
| Trade debts | 44 | €974,950 | €889,077 | -€85,873 | -8.8% |
| Suppliers | 440/4 | €974,950 | €889,077 | -€85,873 | -8.8% |
| Taxes, remuneration and social security | 45 | €339,453 | €301,107 | -€38,346 | -11.3% |
| Taxes | 450/3 | €19,457 | €64,051 | +€44,594 | +229% |
| Remuneration and social security | 454/9 | €319,996 | €237,057 | -€82,940 | -25.9% |
| Other amounts payable | 47/48 | €1,377 | €121,809 | +€120,432 | +8,745% |
| Accrued charges and deferred income | 492/3 | €27,035 | €70,288 | +€43,253 | +160% |
| Remuneration, social security and pensions | 62 | €1,235,196 | €2,221,840 | +€986,644 | +79.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,378 | €17,776 | +€12,398 | +231% |
| Other operating charges | 640/8 | €485 | €2,694 | +€2,209 | +456% |
| Gross operating margin | 9900 | €1,253,889 | €2,414,366 | +€1.2m | +92.6% |
| Operating profit (loss) | 9901 | €12,830 | €172,056 | +€159,226 | +1,241% |
| Financial income | 75/76B | €72 | €172 | +€99 | +137% |
| Recurring financial income | 75 | €72 | €172 | +€99 | +137% |
| Financial charges | 65/66B | €2,586 | €6,769 | +€4,183 | +162% |
| Recurring financial charges | 65 | €2,586 | €6,769 | +€4,183 | +162% |
| Profit (loss) for the period before taxes | 9903 | €10,317 | €165,458 | +€155,141 | +1,504% |
| Income taxes | 67/77 | €5,000 | €15,244 | +€10,244 | +205% |
| Profit (loss) for the period | 9904 | €5,317 | €150,215 | +€144,897 | +2,725% |
| Profit (loss) for the period to be appropriated | 9905 | €5,317 | €150,215 | +€144,897 | +2,725% |
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 26 October 2026 via checked.be.