SMF Gobert: what changed
SMF Gobert
Largest movements
- Cash +€48,154
up €48,154 (+83.3%), from €57,795 to €105,949
mainly Net result for the year (+€113,404) and Tax, wage and social debts (+€38,566)
- Receivables within one year +€38,328
up €38,328 (+49.7%), from €77,091 to €115,419
of which Trade receivables: +€38,436
- Tangible fixed assets -€19,907
down €19,907 (-3.2%), from €617,937 to €598,030
of which Land and buildings: -€10,395
- Reserves +€68,348
up €68,348 (+36.4%), from €187,729 to €256,077
of which Distributable reserves: +€68,348
- Debts after one year -€42,446
down €42,446 (-10.9%), from €391,017 to €348,570
- Tax, wage and social debts +€38,566
up €38,566 (+52.8%), from €73,108 to €111,674
of which Taxes: +€39,201
- Trade debts +€8,353
up €8,353 (+53.8%), from €15,529 to €23,882
- Gross operating margin +€46,352
up €46,352 (+25.6%), from €180,909 to €227,262
- Depreciation -€28,659
down €28,659 (-50.5%), from €56,749 to €28,091
- Taxes +€24,831
up €24,831 (+84.4%), from €29,416 to €54,247
- Other operating charges +€2,873
up €2,873 (+59.3%), from €4,845 to €7,718
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €758,531 | €827,903 | +€69,372 | +9.1% |
| Fixed assets | 21/28 | €617,937 | €598,030 | -€19,907 | -3.2% |
| Tangible fixed assets | 22/27 | €617,937 | €598,030 | -€19,907 | -3.2% |
| Land and buildings | 22 | €546,485 | €536,090 | -€10,395 | -1.9% |
| Plant, machinery and equipment | 23 | €51,008 | €47,379 | -€3,629 | -7.1% |
| Furniture and vehicles | 24 | €16,294 | €10,411 | -€5,883 | -36.1% |
| Other tangible fixed assets | 26 | €4,150 | €4,150 | = | 0.0% |
| Current assets | 29/58 | €140,594 | €229,872 | +€89,278 | +63.5% |
| Amounts receivable within one year | 40/41 | €77,091 | €115,419 | +€38,328 | +49.7% |
| Trade receivables | 40 | €16,404 | €54,840 | +€38,436 | +234% |
| Other amounts receivable | 41 | €60,688 | €60,580 | -€108 | -0.2% |
| Cash at bank and in hand | 54/58 | €57,795 | €105,949 | +€48,154 | +83.3% |
| Deferred charges and accrued income | 490/1 | €5,707 | €8,504 | +€2,797 | +49.0% |
| Total equity and liabilities | 10/49 | €758,531 | €827,903 | +€69,372 | +9.1% |
| Equity | 10/15 | €231,955 | €300,303 | +€68,348 | +29.5% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €187,729 | €256,077 | +€68,348 | +36.4% |
| Non-distributable reserves | 130/1 | €1,895 | €1,895 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,895 | €1,895 | = | 0.0% |
| Tax-exempt reserves | 132 | €10,365 | €10,365 | = | 0.0% |
| Distributable reserves | 133 | €175,470 | €243,818 | +€68,348 | +39.0% |
| Profit (loss) carried forward | 14 | €25,626 | €25,626 | -€0 | 0.0% |
| Amounts payable | 17/49 | €526,576 | €527,599 | +€1,023 | +0.2% |
| Amounts payable after more than one year | 17 | €391,017 | €348,570 | -€42,446 | -10.9% |
| Financial debts | 170/4 | €391,017 | €348,570 | -€42,446 | -10.9% |
| Amounts payable within one year | 42/48 | €135,559 | €179,029 | +€43,470 | +32.1% |
| Current portion of amounts payable after more than one year | 42 | €45,807 | €42,358 | -€3,449 | -7.5% |
| Trade debts | 44 | €15,529 | €23,882 | +€8,353 | +53.8% |
| Suppliers | 440/4 | €15,529 | €23,882 | +€8,353 | +53.8% |
| Taxes, remuneration and social security | 45 | €73,108 | €111,674 | +€38,566 | +52.8% |
| Taxes | 450/3 | €72,107 | €111,308 | +€39,201 | +54.4% |
| Remuneration and social security | 454/9 | €1,001 | €366 | -€635 | -63.4% |
| Other amounts payable | 47/48 | €1,115 | €1,115 | = | 0.0% |
| Remuneration, social security and pensions | 62 | €8,964 | €11,077 | +€2,113 | +23.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €56,749 | €28,091 | -€28,659 | -50.5% |
| Other operating charges | 640/8 | €4,845 | €7,718 | +€2,873 | +59.3% |
| Gross operating margin | 9900 | €180,909 | €227,262 | +€46,352 | +25.6% |
| Operating profit (loss) | 9901 | €110,351 | €180,375 | +€70,024 | +63.5% |
| Financial charges | 65/66B | €12,287 | €12,724 | +€437 | +3.6% |
| Recurring financial charges | 65 | €12,287 | €12,724 | +€437 | +3.6% |
| Profit (loss) for the period before taxes | 9903 | €98,064 | €167,652 | +€69,587 | +71.0% |
| Income taxes | 67/77 | €29,416 | €54,247 | +€24,831 | +84.4% |
| Profit (loss) for the period | 9904 | €68,649 | €113,404 | +€44,756 | +65.2% |
| Profit (loss) for the period to be appropriated | 9905 | €68,649 | €113,404 | +€44,756 | +65.2% |
Next steps
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 7 November 2026 via checked.be.