Smisveld: 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.
Smisveld
Largest movements
- Tangible fixed assets -€7,963
down €7,963 (-17.6%), from €45,267 to €37,303
of which Land and buildings: -€9,269
- Receivables within one year -€7,881
down €7,881 (-73.4%), from €10,743 to €2,862
of which Trade receivables: -€8,025
- Stocks and contracts -€3,500
down €3,500 (-1.5%), from €226,700 to €223,200
- Debts after one year -€12,000
down €12,000 (-4.7%), from €256,142 to €244,142
- Trade debts -€5,295
down €5,295 (-56.2%), from €9,415 to €4,121
- Tax, wage and social debts -€4,814
down €4,814 (-80.7%), from €5,968 to €1,154
- Gross operating margin -€1,099
down €1,099 (-8.1%), from €13,529 to €12,429
- Other operating charges +€757
up €757 (+98.3%), from €770 to €1,526
- Financial charges -€461
down €461 (-68.4%), from €674 to €213
- Depreciation -€355
down €355 (-3.4%), from €10,329 to €9,974
- Taxes -€346
down €346 (-63.6%), from €544 to €198
From the 2023 result to the 2024 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.
Cash bridge derived
Derived from the 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €349,363 | €327,772 | -€21,591 | -6.2% |
| Fixed assets | 21/28 | €45,267 | €37,303 | -€7,963 | -17.6% |
| Tangible fixed assets | 22/27 | €45,267 | €37,303 | -€7,963 | -17.6% |
| Land and buildings | 22 | €45,267 | €35,998 | -€9,269 | -20.5% |
| Plant, machinery and equipment | 23 | €0 | €1,305 | +€1,305 | +13051700.0% |
| Current assets | 29/58 | €304,096 | €290,469 | -€13,627 | -4.5% |
| Stocks and contracts in progress | 3 | €226,700 | €223,200 | -€3,500 | -1.5% |
| Stocks | 30/36 | €226,700 | €223,200 | -€3,500 | -1.5% |
| Amounts receivable within one year | 40/41 | €10,743 | €2,862 | -€7,881 | -73.4% |
| Trade receivables | 40 | €10,743 | €2,718 | -€8,025 | -74.7% |
| Other amounts receivable | 41 | - | €144 | +€144 | |
| Cash at bank and in hand | 54/58 | €3,775 | €1,716 | -€2,059 | -54.5% |
| Deferred charges and accrued income | 490/1 | €62,879 | €62,691 | -€187 | -0.3% |
| Total equity and liabilities | 10/49 | €349,363 | €327,772 | -€21,591 | -6.2% |
| Equity | 10/15 | €77,837 | €78,355 | +€518 | +0.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €59,237 | €59,755 | +€518 | +0.9% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €57,377 | €57,895 | +€518 | +0.9% |
| Amounts payable | 17/49 | €271,525 | €249,417 | -€22,108 | -8.1% |
| Amounts payable after more than one year | 17 | €256,142 | €244,142 | -€12,000 | -4.7% |
| Financial debts | 170/4 | €256,142 | €244,142 | -€12,000 | -4.7% |
| Amounts payable within one year | 42/48 | €15,383 | €5,275 | -€10,108 | -65.7% |
| Trade debts | 44 | €9,415 | €4,121 | -€5,295 | -56.2% |
| Suppliers | 440/4 | €9,415 | €4,121 | -€5,295 | -56.2% |
| Taxes, remuneration and social security | 45 | €5,968 | €1,154 | -€4,814 | -80.7% |
| Taxes | 450/3 | €5,968 | €1,154 | -€4,814 | -80.7% |
| Non-recurring operating income | 76A | €36 | - | -€36 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,329 | €9,974 | -€355 | -3.4% |
| Other operating charges | 640/8 | €770 | €1,526 | +€757 | +98.3% |
| Gross operating margin | 9900 | €13,529 | €12,429 | -€1,099 | -8.1% |
| Operating profit (loss) | 9901 | €2,430 | €929 | -€1,501 | -61.8% |
| Financial income | 75/76B | €2 | - | -€2 | |
| Recurring financial income | 75 | €2 | - | -€2 | |
| Financial charges | 65/66B | €674 | €213 | -€461 | -68.4% |
| Recurring financial charges | 65 | €674 | €213 | -€461 | -68.4% |
| Profit (loss) for the period before taxes | 9903 | €1,758 | €716 | -€1,042 | -59.3% |
| Income taxes | 67/77 | €544 | €198 | -€346 | -63.6% |
| Profit (loss) for the period | 9904 | €1,213 | €518 | -€695 | -57.3% |
| Profit (loss) for the period to be appropriated | 9905 | €1,213 | €518 | -€695 | -57.3% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 12 October 2026 via checked.be.