Smolders & Meulemans: what changed
Smolders & Meulemans
Largest movements
- Tangible fixed assets +€25,134
up €25,134 (+125%), from €20,185 to €45,320
of which Other tangible fixed assets: +€26,862
- Cash +€17,395
up €17,395 (+85.0%), from €20,475 to €37,870
mainly Net result for the year (+€52,825) and Depreciation (+€10,280)
- Receivables within one year -€1,172
down €1,172 (-5.0%), from €23,583 to €22,411
of which Other amounts receivable: -€1,852
- Profit (loss) carried forward +€52,825
up €52,825 (+166%), from €31,897 to €84,722
- Other debts -€15,226
down €15,226 (-89.6%), from €17,000 to €1,774
- Trade debts +€4,384
up €4,384 (+64.6%), from €6,788 to €11,173
- Gross operating margin +€41,388
up €41,388 (+103%), from €40,320 to €81,708
- Taxes +€8,709
up €8,709 (+108%), from €8,093 to €16,802
- Depreciation +€6,017
up €6,017 (+141%), from €4,263 to €10,280
- Other operating charges -€1,067
down €1,067 (-66.9%), from €1,596 to €529
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 | €64,375 | €105,683 | +€41,308 | +64.2% |
| Fixed assets | 21/28 | €20,185 | €45,320 | +€25,134 | +125% |
| Tangible fixed assets | 22/27 | €20,185 | €45,320 | +€25,134 | +125% |
| Plant, machinery and equipment | 23 | €4,532 | €5,902 | +€1,370 | +30.2% |
| Furniture and vehicles | 24 | €6,270 | €3,172 | -€3,098 | -49.4% |
| Other tangible fixed assets | 26 | €9,384 | €36,245 | +€26,862 | +286% |
| Current assets | 29/58 | €44,190 | €60,363 | +€16,174 | +36.6% |
| Amounts receivable within one year | 40/41 | €23,583 | €22,411 | -€1,172 | -5.0% |
| Trade receivables | 40 | €20,638 | €21,318 | +€681 | +3.3% |
| Other amounts receivable | 41 | €2,945 | €1,093 | -€1,852 | -62.9% |
| Cash at bank and in hand | 54/58 | €20,475 | €37,870 | +€17,395 | +85.0% |
| Deferred charges and accrued income | 490/1 | €131 | €82 | -€49 | -37.6% |
| Total equity and liabilities | 10/49 | €64,375 | €105,683 | +€41,308 | +64.2% |
| Equity | 10/15 | €35,897 | €88,722 | +€52,825 | +147% |
| Contributions | 10/11 | €4,000 | €4,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €31,897 | €84,722 | +€52,825 | +166% |
| Amounts payable | 17/49 | €28,478 | €16,961 | -€11,517 | -40.4% |
| Amounts payable within one year | 42/48 | €28,478 | €16,961 | -€11,517 | -40.4% |
| Trade debts | 44 | €6,788 | €11,173 | +€4,384 | +64.6% |
| Suppliers | 440/4 | €6,788 | €11,173 | +€4,384 | +64.6% |
| Taxes, remuneration and social security | 45 | €4,690 | €4,014 | -€676 | -14.4% |
| Taxes | 450/3 | €4,690 | €4,014 | -€676 | -14.4% |
| Other amounts payable | 47/48 | €17,000 | €1,774 | -€15,226 | -89.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,263 | €10,280 | +€6,017 | +141% |
| Other operating charges | 640/8 | €1,596 | €529 | -€1,067 | -66.9% |
| Gross operating margin | 9900 | €40,320 | €81,708 | +€41,388 | +103% |
| Operating profit (loss) | 9901 | €34,460 | €70,900 | +€36,439 | +106% |
| Financial income | 75/76B | €8 | €11 | +€2 | +27.1% |
| Recurring financial income | 75 | €8 | €11 | +€2 | +27.1% |
| Financial charges | 65/66B | €1,462 | €1,283 | -€179 | -12.2% |
| Recurring financial charges | 65 | €1,462 | €1,283 | -€179 | -12.2% |
| Profit (loss) for the period before taxes | 9903 | €33,007 | €69,627 | +€36,620 | +111% |
| Income taxes | 67/77 | €8,093 | €16,802 | +€8,709 | +108% |
| Profit (loss) for the period | 9904 | €24,914 | €52,825 | +€27,911 | +112% |
| Profit (loss) for the period to be appropriated | 9905 | €24,914 | €52,825 | +€27,911 | +112% |
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 8 November 2026 via checked.be.