SMISMANS - DENAYER: 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.
SMISMANS - DENAYER
Largest movements
- Tangible fixed assets -€46,408
down €46,408 (-6.4%), from €721,176 to €674,769
of which Land and buildings: -€47,745
- Debts after one year -€21,996
down €21,996 (-5.6%), from €393,515 to €371,518
- Profit (loss) carried forward -€16,395
down €16,395 (-6.6%), from €248,404 to €232,008
- Accrued charges and deferred income -€14,955
down €14,955 (-74.0%), from €20,213 to €5,258
- Gross operating margin +€13,070
up €13,070 (+30.2%), from €43,315 to €56,385
- Financial charges -€3,376
down €3,376 (-19.0%), from €17,751 to €14,375
- Depreciation -€758
down €758 (-1.5%), from €50,675 to €49,917
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 | €733,322 | €679,880 | -€53,441 | -7.3% |
| Fixed assets | 21/28 | €721,419 | €675,012 | -€46,408 | -6.4% |
| Tangible fixed assets | 22/27 | €721,176 | €674,769 | -€46,408 | -6.4% |
| Land and buildings | 22 | €718,349 | €670,604 | -€47,745 | -6.6% |
| Plant, machinery and equipment | 23 | €2,827 | €2,137 | -€691 | -24.4% |
| Furniture and vehicles | 24 | - | €2,028 | +€2,028 | |
| Financial fixed assets | 28 | €243 | €243 | = | 0.0% |
| Current assets | 29/58 | €11,902 | €4,869 | -€7,033 | -59.1% |
| Cash at bank and in hand | 54/58 | €11,902 | €4,753 | -€7,149 | -60.1% |
| Deferred charges and accrued income | 490/1 | €0 | €115 | +€115 | |
| Total equity and liabilities | 10/49 | €733,322 | €679,880 | -€53,441 | -7.3% |
| Equity | 10/15 | €316,604 | €300,208 | -€16,395 | -5.2% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €6,200 | €6,200 | = | 0.0% |
| Distributable reserves | 133 | €6,200 | €6,200 | = | 0.0% |
| Profit (loss) carried forward | 14 | €248,404 | €232,008 | -€16,395 | -6.6% |
| Amounts payable | 17/49 | €416,718 | €379,672 | -€37,046 | -8.9% |
| Amounts payable after more than one year | 17 | €393,515 | €371,518 | -€21,996 | -5.6% |
| Financial debts | 170/4 | €393,515 | €371,518 | -€21,996 | -5.6% |
| Amounts payable within one year | 42/48 | €2,990 | €2,896 | -€94 | -3.1% |
| Trade debts | 44 | €2,513 | €2,418 | -€95 | -3.8% |
| Suppliers | 440/4 | €2,513 | €2,418 | -€95 | -3.8% |
| Taxes, remuneration and social security | 45 | €476 | €477 | +€1 | +0.1% |
| Remuneration and social security | 454/9 | €476 | €477 | +€1 | +0.1% |
| Other amounts payable | 47/48 | €0 | - | = | |
| Accrued charges and deferred income | 492/3 | €20,213 | €5,258 | -€14,955 | -74.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €50,675 | €49,917 | -€758 | -1.5% |
| Other operating charges | 640/8 | €8,036 | €8,548 | +€512 | +6.4% |
| Gross operating margin | 9900 | €43,315 | €56,385 | +€13,070 | +30.2% |
| Operating profit (loss) | 9901 | -€15,395 | -€2,079 | +€13,316 | +86.5% |
| Financial income | 75/76B | €12 | €59 | +€47 | +388% |
| Recurring financial income | 75 | €12 | €59 | +€47 | +388% |
| Financial charges | 65/66B | €17,751 | €14,375 | -€3,376 | -19.0% |
| Recurring financial charges | 65 | €17,751 | €14,375 | -€3,376 | -19.0% |
| Profit (loss) for the period before taxes | 9903 | -€33,134 | -€16,395 | +€16,739 | +50.5% |
| Profit (loss) for the period | 9904 | -€33,134 | -€16,395 | +€16,739 | +50.5% |
| Profit (loss) for the period to be appropriated | 9905 | -€33,134 | -€16,395 | +€16,739 | +50.5% |
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 19 October 2026 via checked.be.