SMEULDERS - DOUMEN: 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.
SMEULDERS - DOUMEN
Largest movements
- Tangible fixed assets -€65,538
down €65,538 (-11.9%), from €551,893 to €486,355
- Cash -€56,147
down €56,147 (-31.5%), from €178,131 to €121,984
mainly Contributions, distributions and other (-€157,219) and Current investments (-€49,000)
- Current investments +€49,000
up €49,000 (+1,737%), from €2,822 to €51,822
- Contributions -€121,500
down €121,500 (-51.7%), from €235,209 to €113,709
- Reserves +€49,552
up €49,552 (+14.3%), from €345,956 to €395,508
of which Distributable reserves: +€65,055
- Gross operating margin +€173,891
up €173,891 (+7,909%), from €2,199 to €176,090
- Taxes +€45,565
up €45,565, from €0 to €45,565
- Depreciation +€19,896
up €19,896 (+82.0%), from €24,255 to €44,152
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 | €737,632 | €662,790 | -€74,842 | -10.1% |
| Fixed assets | 21/28 | €551,893 | €486,355 | -€65,538 | -11.9% |
| Tangible fixed assets | 22/27 | €551,893 | €486,355 | -€65,538 | -11.9% |
| Land and buildings | 22 | €551,893 | €486,355 | -€65,538 | -11.9% |
| Current assets | 29/58 | €185,739 | €176,435 | -€9,304 | -5.0% |
| Amounts receivable within one year | 40/41 | €2,267 | €0 | -€2,267 | -100% |
| Other amounts receivable | 41 | €2,267 | €0 | -€2,267 | -100% |
| Current investments | 50/53 | €2,822 | €51,822 | +€49,000 | +1,737% |
| Cash at bank and in hand | 54/58 | €178,131 | €121,984 | -€56,147 | -31.5% |
| Deferred charges and accrued income | 490/1 | €2,519 | €2,630 | +€110 | +4.4% |
| Total equity and liabilities | 10/49 | €737,632 | €662,790 | -€74,842 | -10.1% |
| Equity | 10/15 | €664,824 | €592,876 | -€71,948 | -10.8% |
| Contributions | 10/11 | €235,209 | €113,709 | -€121,500 | -51.7% |
| Reserves | 13 | €345,956 | €395,508 | +€49,552 | +14.3% |
| Tax-exempt reserves | 132 | €153,318 | €137,815 | -€15,503 | -10.1% |
| Distributable reserves | 133 | €192,638 | €257,693 | +€65,055 | +33.8% |
| Profit (loss) carried forward | 14 | €83,659 | €83,659 | = | 0.0% |
| Provisions and deferred taxes | 16 | €52,941 | €46,327 | -€6,614 | -12.5% |
| Deferred taxes | 168 | €52,941 | €46,327 | -€6,614 | -12.5% |
| Amounts payable | 17/49 | €19,867 | €23,588 | +€3,721 | +18.7% |
| Amounts payable within one year | 42/48 | €17,817 | €23,588 | +€5,771 | +32.4% |
| Trade debts | 44 | €510 | €0 | -€510 | -100% |
| Suppliers | 440/4 | €510 | €0 | -€510 | -100% |
| Taxes, remuneration and social security | 45 | €0 | €7,055 | +€7,055 | |
| Taxes | 450/3 | €0 | €7,055 | +€7,055 | |
| Other amounts payable | 47/48 | €17,307 | €16,533 | -€774 | -4.5% |
| Accrued charges and deferred income | 492/3 | €2,050 | €0 | -€2,050 | -100% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €24,255 | €44,152 | +€19,896 | +82.0% |
| Other operating charges | 640/8 | €7,266 | €8,558 | +€1,292 | +17.8% |
| Gross operating margin | 9900 | €2,199 | €176,090 | +€173,891 | +7,909% |
| Operating profit (loss) | 9901 | -€29,323 | €123,380 | +€152,702 | |
| Financial income | 75/76B | €1,189 | €995 | -€194 | -16.3% |
| Recurring financial income | 75 | €1,189 | €995 | -€194 | -16.3% |
| Financial charges | 65/66B | €150 | €154 | +€4 | +2.7% |
| Recurring financial charges | 65 | €150 | €154 | +€4 | +2.7% |
| Profit (loss) for the period before taxes | 9903 | -€28,284 | €124,221 | +€152,505 | |
| Transfer from deferred taxes | 780 | €6,614 | €6,614 | = | 0.0% |
| Transfer to deferred taxes | 680 | €0 | - | = | |
| Income taxes | 67/77 | €0 | €45,565 | +€45,565 | |
| Profit (loss) for the period | 9904 | -€21,669 | €85,271 | +€106,940 | |
| Transfer from tax-exempt reserves | 789 | €15,503 | €15,503 | = | 0.0% |
| Transfer to tax-exempt reserves | 689 | €0 | - | = | |
| Profit (loss) for the period to be appropriated | 9905 | -€6,166 | €100,774 | +€106,940 |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 27 October 2026 via checked.be.