Smaakmakers: 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.
Smaakmakers
Largest movements
- Tangible fixed assets -€40,110
down €40,110 (-16.5%), from €242,396 to €202,286
of which Other tangible fixed assets: -€20,254
- Receivables within one year +€35,196
up €35,196 (+53.1%), from €66,268 to €101,464
of which Trade receivables: +€28,703
- Cash -€7,141
down €7,141 (-14.2%), from €50,251 to €43,111
mainly Debts after one year (-€36,387) and Receivables within one year (-€35,196)
- Debts after one year -€36,387
down €36,387 (-32.1%), from €113,378 to €76,990
- Profit (loss) carried forward +€25,291
up €25,291 (+19.6%), from -€129,114 to -€103,823
- Tax, wage and social debts +€17,527
up €17,527 (+8.3%), from €210,472 to €227,999
of which Remuneration and social security: +€15,498
- Trade debts -€12,174
down €12,174 (-11.6%), from €104,805 to €92,631
- Other debts -€7,748
down €7,748 (-100.0%), from €7,748 to €0
- Gross operating margin +€33,382
up €33,382 (+6.3%), from €527,030 to €560,412
- Staff costs +€17,392
up €17,392 (+4.0%), from €432,372 to €449,764
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €403,836 | €388,304 | -€15,532 | -3.8% |
| Fixed assets | 21/28 | €246,822 | €203,792 | -€43,030 | -17.4% |
| Intangible fixed assets | 21 | €4,426 | €1,506 | -€2,920 | -66.0% |
| Tangible fixed assets | 22/27 | €242,396 | €202,286 | -€40,110 | -16.5% |
| Plant, machinery and equipment | 23 | €26,188 | €8,967 | -€17,222 | -65.8% |
| Furniture and vehicles | 24 | €2,634 | €0 | -€2,634 | -100.0% |
| Other tangible fixed assets | 26 | €213,574 | €193,319 | -€20,254 | -9.5% |
| Current assets | 29/58 | €157,014 | €184,513 | +€27,498 | +17.5% |
| Stocks and contracts in progress | 3 | €33,748 | €32,146 | -€1,602 | -4.7% |
| Stocks | 30/36 | €33,748 | €32,146 | -€1,602 | -4.7% |
| Amounts receivable within one year | 40/41 | €66,268 | €101,464 | +€35,196 | +53.1% |
| Trade receivables | 40 | €66,268 | €94,971 | +€28,703 | +43.3% |
| Other amounts receivable | 41 | - | €6,493 | +€6,493 | |
| Cash at bank and in hand | 54/58 | €50,251 | €43,111 | -€7,141 | -14.2% |
| Deferred charges and accrued income | 490/1 | €6,746 | €7,793 | +€1,046 | +15.5% |
| Total equity and liabilities | 10/49 | €403,836 | €388,304 | -€15,532 | -3.8% |
| Equity | 10/15 | -€79,114 | -€53,823 | +€25,291 | +32.0% |
| Contributions | 10/11 | €50,000 | €50,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€129,114 | -€103,823 | +€25,291 | +19.6% |
| Amounts payable | 17/49 | €482,950 | €442,127 | -€40,823 | -8.5% |
| Amounts payable after more than one year | 17 | €113,378 | €76,990 | -€36,387 | -32.1% |
| Financial debts | 170/4 | €113,378 | €76,990 | -€36,387 | -32.1% |
| Amounts payable within one year | 42/48 | €369,572 | €365,137 | -€4,435 | -1.2% |
| Current portion of amounts payable after more than one year | 42 | €44,982 | €43,367 | -€1,616 | -3.6% |
| Trade debts | 44 | €104,805 | €92,631 | -€12,174 | -11.6% |
| Suppliers | 440/4 | €104,805 | €92,631 | -€12,174 | -11.6% |
| Advances received on contracts in progress | 46 | €1,565 | €1,140 | -€425 | -27.1% |
| Taxes, remuneration and social security | 45 | €210,472 | €227,999 | +€17,527 | +8.3% |
| Taxes | 450/3 | €55,198 | €57,227 | +€2,029 | +3.7% |
| Remuneration and social security | 454/9 | €155,274 | €170,772 | +€15,498 | +10.0% |
| Other amounts payable | 47/48 | €7,748 | €0 | -€7,748 | -100.0% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €432,372 | €449,764 | +€17,392 | +4.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €63,135 | €59,945 | -€3,190 | -5.1% |
| Other operating charges | 640/8 | €12,682 | €13,719 | +€1,036 | +8.2% |
| Gross operating margin | 9900 | €527,030 | €560,412 | +€33,382 | +6.3% |
| Operating profit (loss) | 9901 | €18,841 | €36,984 | +€18,143 | +96.3% |
| Financial income | 75/76B | €7,327 | €4,022 | -€3,305 | -45.1% |
| Recurring financial income | 75 | €7,327 | €4,022 | -€3,305 | -45.1% |
| Financial charges | 65/66B | €10,334 | €14,901 | +€4,567 | +44.2% |
| Recurring financial charges | 65 | €10,334 | €14,901 | +€4,567 | +44.2% |
| Profit (loss) for the period before taxes | 9903 | €15,834 | €26,105 | +€10,271 | +64.9% |
| Income taxes | 67/77 | €808 | €814 | +€6 | +0.7% |
| Profit (loss) for the period | 9904 | €15,026 | €25,291 | +€10,265 | +68.3% |
| Profit (loss) for the period to be appropriated | 9905 | €15,026 | €25,291 | +€10,265 | +68.3% |
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 12 October 2026 via checked.be.