SMEYERS & PARTNERS: what changed
What changed
SMEYERS & PARTNERS
NACE 69.201, Certified accountants and tax accountants
filed annual accounts (NBB)
Net result for the year
€305,312
2024 · €59,560+€245,752
Equity
€2.6m
2024 · €2.6m-€23,070
Cash
€71,792
2024 · €294,907-€223,115
Balance sheet total
€3.1m
2024 · €2.8m+€291,767
Largest movements
Assets
- Receivables within one year +€457,112
up €457,112 (+27.9%), from €1.6m to €2.1m
of which Other amounts receivable: +€333,297
- Cash -€223,115
down €223,115 (-75.7%), from €294,907 to €71,792
mainly Receivables within one year (-€457,112) and Contributions, distributions and other (-€328,382)
- Current investments +€107,937
up €107,937 (+4,265%), from €2,531 to €110,468
- Tangible fixed assets -€50,168
down €50,168 (-5.9%), from €855,149 to €804,981
of which Other tangible fixed assets: -€46,376
Equity and liabilities
- Other debts +€262,616
up €262,616 (+376%), from €69,819 to €332,435
- Tax, wage and social debts +€39,766
up €39,766 (+53.2%), from €74,807 to €114,572
of which Taxes: +€35,253
Income statement
- Taxes -€90,692
down €90,692 (-45.2%), from €200,623 to €109,930
- Staff costs -€53,294
down €53,294 (-15.8%), from €337,497 to €284,203
- Gross operating margin +€43,507
up €43,507 (+5.4%), from €804,076 to €847,583
- Financial charges -€27,386
down €27,386 (-88.8%), from €30,836 to €3,449
- Depreciation -€22,179
down €22,179 (-12.7%), from €175,099 to €152,920
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
€59,560
Gross operating margin
+€43,507
Staff costs
+€53,294
Depreciation
+€22,179
Provisions
-€1,133
Other operating charges
+€11,073
Financial income
-€1,246
Financial charges
+€27,386
Taxes
+€90,692
Result 2025
€305,312
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
+€315,957
Investment
-€210,689
Financing
-€328,382
Cash 2024
€294,907
From operations (derived)
+€315,957
Net result for the year
+€305,312
Depreciation
+€152,920
Receivables within one year
-€457,112
Trade debts
+€13,594
Tax, wage and social debts
+€39,766
Other debts
+€262,616
Accrued charges and deferred income
-€1,138
Investment (derived)
-€210,689
Investment in fixed assets (net)
-€102,752
Current investments
-€107,937
Financing
-€328,382
Contributions, distributions and other
-€328,382
Cash 2025
€71,792
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,790,460 | €3,082,227 | +€291,767 | +10.5% |
| Fixed assets | 21/28 | €855,149 | €804,981 | -€50,168 | -5.9% |
| Tangible fixed assets | 22/27 | €855,149 | €804,981 | -€50,168 | -5.9% |
| Land and buildings | 22 | €306,199 | €271,581 | -€34,618 | -11.3% |
| Plant, machinery and equipment | 23 | €1,834 | €2,530 | +€697 | +38.0% |
| Furniture and vehicles | 24 | €62,867 | €92,996 | +€30,129 | +47.9% |
| Other tangible fixed assets | 26 | €484,249 | €437,873 | -€46,376 | -9.6% |
| Current assets | 29/58 | €1,935,312 | €2,277,247 | +€341,935 | +17.7% |
| Amounts receivable within one year | 40/41 | €1,637,874 | €2,094,986 | +€457,112 | +27.9% |
| Trade receivables | 40 | €225,820 | €349,635 | +€123,816 | +54.8% |
| Other amounts receivable | 41 | €1,412,055 | €1,745,351 | +€333,297 | +23.6% |
| Current investments | 50/53 | €2,531 | €110,468 | +€107,937 | +4,265% |
| Cash at bank and in hand | 54/58 | €294,907 | €71,792 | -€223,115 | -75.7% |
| Total equity and liabilities | 10/49 | €2,790,460 | €3,082,227 | +€291,767 | +10.5% |
| Equity | 10/15 | €2,600,902 | €2,577,832 | -€23,070 | -0.9% |
| Contributions | 10/11 | €288,588 | €288,588 | = | 0.0% |
| Reserves | 13 | €1,310,859 | €1,280,859 | -€30,000 | -2.3% |
| 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 | €1,309,000 | €1,279,000 | -€30,000 | -2.3% |
| Profit (loss) carried forward | 14 | €1,001,455 | €1,008,384 | +€6,930 | +0.7% |
| Provisions and deferred taxes | 16 | €0 | - | = | |
| Provisions for liabilities and charges | 160/5 | €0 | - | = | |
| Taxes | 161 | €0 | - | = | |
| Amounts payable | 17/49 | €189,558 | €504,396 | +€314,837 | +166% |
| Amounts payable within one year | 42/48 | €188,420 | €504,396 | +€315,975 | +168% |
| Current portion of amounts payable after more than one year | 42 | €0 | - | = | |
| Trade debts | 44 | €43,794 | €57,388 | +€13,594 | +31.0% |
| Suppliers | 440/4 | €43,794 | €57,388 | +€13,594 | +31.0% |
| Taxes, remuneration and social security | 45 | €74,807 | €114,572 | +€39,766 | +53.2% |
| Taxes | 450/3 | €58,054 | €93,307 | +€35,253 | +60.7% |
| Remuneration and social security | 454/9 | €16,752 | €21,265 | +€4,513 | +26.9% |
| Other amounts payable | 47/48 | €69,819 | €332,435 | +€262,616 | +376% |
| Accrued charges and deferred income | 492/3 | €1,138 | €0 | -€1,138 | -100% |
| Remuneration, social security and pensions | 62 | €337,497 | €284,203 | -€53,294 | -15.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €175,099 | €152,920 | -€22,179 | -12.7% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | -€1,133 | €0 | +€1,133 | |
| Other operating charges | 640/8 | €20,486 | €9,413 | -€11,073 | -54.1% |
| Gross operating margin | 9900 | €804,076 | €847,583 | +€43,507 | +5.4% |
| Operating profit (loss) | 9901 | €272,128 | €401,048 | +€128,920 | +47.4% |
| Financial income | 75/76B | €18,891 | €17,644 | -€1,246 | -6.6% |
| Recurring financial income | 75 | €18,891 | €17,644 | -€1,246 | -6.6% |
| Financial charges | 65/66B | €30,836 | €3,449 | -€27,386 | -88.8% |
| Recurring financial charges | 65 | €30,836 | €3,449 | -€27,386 | -88.8% |
| Profit (loss) for the period before taxes | 9903 | €260,183 | €415,242 | +€155,060 | +59.6% |
| Income taxes | 67/77 | €200,623 | €109,930 | -€90,692 | -45.2% |
| Profit (loss) for the period | 9904 | €59,560 | €305,312 | +€245,752 | +413% |
| Transfer from tax-exempt reserves | 789 | - | €350,000 | +€350,000 | |
| Profit (loss) for the period to be appropriated | 9905 | €59,560 | €655,312 | +€595,752 | +1,000% |
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 8 November 2026 via checked.be.