SMALT REGENCE: what changed
What changed
SMALT REGENCE
filed annual accounts (NBB)
Net result for the year
€26,229
2024 · €33,467-€7,238
Equity
€219,048
2024 · €192,819+€26,229
Cash
€54,948
2024 · €40,640+€14,308
Balance sheet total
€1.9m
2024 · €2.0m-€66,666
Largest movements
Assets
- Tangible fixed assets -€80,974
down €80,974 (-4.2%), from €1.9m to €1.8m
of which Land and buildings: -€50,647
Equity and liabilities
- Other debts -€92,627
down €92,627 (-5.3%), from €1.7m to €1.7m
- Profit (loss) carried forward +€26,229
up €26,229 (+12.0%), from -€218,018 to -€191,789
Income statement
- Gross operating margin -€9,367
down €9,367 (-6.7%), from €139,447 to €130,080
- Depreciation -€2,828
down €2,828 (-2.8%), from €99,839 to €97,011
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.
Result 2024
€33,467
Gross operating margin
-€9,367
Depreciation
+€2,828
Other operating charges
-€554
Financial charges
-€145
Result 2025
€26,229
raises the resultlowers the result
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.
From operations
+€35,445
Investment
-€16,037
Financing
-€5,100
Cash 2024
€40,640
From operations (derived)
+€35,445
Net result for the year
+€26,229
Depreciation
+€97,011
Trade debts
-€213
Other debts
-€92,627
Accrued charges and deferred income
+€5,045
Investment (derived)
-€16,037
Investment in fixed assets (net)
-€16,037
Financing
-€5,100
Debts after one year
-€5,100
Cash 2025
€54,948
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,956,549 | €1,889,883 | -€66,666 | -3.4% |
| Fixed assets | 21/28 | €1,915,909 | €1,834,935 | -€80,974 | -4.2% |
| Tangible fixed assets | 22/27 | €1,915,909 | €1,834,935 | -€80,974 | -4.2% |
| Land and buildings | 22 | €1,251,188 | €1,200,541 | -€50,647 | -4.0% |
| Plant, machinery and equipment | 23 | €10,275 | €15,054 | +€4,779 | +46.5% |
| Other tangible fixed assets | 26 | €654,446 | €619,340 | -€35,106 | -5.4% |
| Current assets | 29/58 | €40,640 | €54,948 | +€14,308 | +35.2% |
| Cash at bank and in hand | 54/58 | €40,640 | €54,948 | +€14,308 | +35.2% |
| Total equity and liabilities | 10/49 | €1,956,549 | €1,889,883 | -€66,666 | -3.4% |
| Equity | 10/15 | €192,819 | €219,048 | +€26,229 | +13.6% |
| Contributions | 10/11 | €381,500 | €381,500 | = | 0.0% |
| Capital | 10 | €381,500 | €381,500 | = | 0.0% |
| Issued capital | 100 | €381,500 | €381,500 | = | 0.0% |
| Reserves | 13 | €29,337 | €29,337 | = | 0.0% |
| Non-distributable reserves | 130/1 | €18,150 | €18,150 | = | 0.0% |
| Legal reserve | 130 | €18,150 | €18,150 | = | 0.0% |
| Distributable reserves | 133 | €11,187 | €11,187 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€218,018 | -€191,789 | +€26,229 | +12.0% |
| Amounts payable | 17/49 | €1,763,730 | €1,670,835 | -€92,895 | -5.3% |
| Amounts payable after more than one year | 17 | €16,980 | €11,880 | -€5,100 | -30.0% |
| Financial debts | 170/4 | €16,980 | - | -€16,980 | |
| Other amounts payable | 178/9 | - | €11,880 | +€11,880 | |
| Amounts payable within one year | 42/48 | €1,746,750 | €1,653,910 | -€92,840 | -5.3% |
| Trade debts | 44 | €263 | €50 | -€213 | -81.0% |
| Suppliers | 440/4 | €263 | €50 | -€213 | -81.0% |
| Other amounts payable | 47/48 | €1,746,487 | €1,653,860 | -€92,627 | -5.3% |
| Accrued charges and deferred income | 492/3 | - | €5,045 | +€5,045 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €99,839 | €97,011 | -€2,828 | -2.8% |
| Other operating charges | 640/8 | €3,592 | €4,146 | +€554 | +15.4% |
| Gross operating margin | 9900 | €139,447 | €130,080 | -€9,367 | -6.7% |
| Operating profit (loss) | 9901 | €36,016 | €28,923 | -€7,093 | -19.7% |
| Financial charges | 65/66B | €2,549 | €2,694 | +€145 | +5.7% |
| Recurring financial charges | 65 | €883 | €892 | +€9 | +1.0% |
| Non-recurring financial charges | 66B | €1,666 | €1,802 | +€136 | +8.2% |
| Profit (loss) for the period before taxes | 9903 | €33,467 | €26,229 | -€7,238 | -21.6% |
| Profit (loss) for the period | 9904 | €33,467 | €26,229 | -€7,238 | -21.6% |
| Profit (loss) for the period to be appropriated | 9905 | €33,467 | €26,229 | -€7,238 | -21.6% |
Next steps
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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 3 November 2026 via checked.be.