SMV Oostkust: 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.
SMV Oostkust
Largest movements
- Deferred charges and accrued income +€265,932
up €265,932 (+41.5%), from €641,570 to €907,502
- Intangible fixed assets -€231,450
down €231,450 (-11.8%), from €2.0m to €1.7m
- Current investments -€175,000
down €175,000 (-87.5%), from €200,000 to €25,000
- Cash +€64,421
up €64,421 (+329%), from €19,597 to €84,018
mainly Net result for the year (+€772,475) and Depreciation (+€247,096)
- Tangible fixed assets -€31,749
down €31,749 (-42.2%), from €75,289 to €43,540
of which Furniture and vehicles: -€33,348
- Other debts +€195,000
up €195,000 (+35.1%), from €555,369 to €750,369
- Debts after one year -€188,483
down €188,483 (-12.1%), from €1.6m to €1.4m
- Tax, wage and social debts -€132,798
down €132,798 (-63.0%), from €210,864 to €78,065
of which Taxes: -€134,987
- Gross operating margin -€820,962
down €820,962 (-34.0%), from €2.4m to €1.6m
- Staff costs -€419,203
down €419,203 (-45.6%), from €919,176 to €499,973
- Depreciation -€138,906
down €138,906 (-36.0%), from €386,002 to €247,096
- Taxes -€108,600
down €108,600 (-86.1%), from €126,178 to €17,578
- Financial charges -€45,199
down €45,199 (-41.3%), from €109,336 to €64,137
of which Financial charges: -€47,360
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 | €2,909,437 | €2,798,501 | -€110,935 | -3.8% |
| Fixed assets | 21/28 | €2,041,980 | €1,778,782 | -€263,198 | -12.9% |
| Intangible fixed assets | 21 | €1,966,691 | €1,735,241 | -€231,450 | -11.8% |
| Tangible fixed assets | 22/27 | €75,289 | €43,540 | -€31,749 | -42.2% |
| Plant, machinery and equipment | 23 | - | €1,599 | +€1,599 | |
| Furniture and vehicles | 24 | €75,289 | €41,941 | -€33,348 | -44.3% |
| Current assets | 29/58 | €867,457 | €1,019,720 | +€152,263 | +17.6% |
| Amounts receivable within one year | 40/41 | €6,290 | €3,200 | -€3,090 | -49.1% |
| Trade receivables | 40 | €2,445 | €3,200 | +€755 | +30.9% |
| Other amounts receivable | 41 | €3,846 | - | -€3,846 | |
| Current investments | 50/53 | €200,000 | €25,000 | -€175,000 | -87.5% |
| Cash at bank and in hand | 54/58 | €19,597 | €84,018 | +€64,421 | +329% |
| Deferred charges and accrued income | 490/1 | €641,570 | €907,502 | +€265,932 | +41.5% |
| Total equity and liabilities | 10/49 | €2,909,437 | €2,798,501 | -€110,935 | -3.8% |
| Equity | 10/15 | €340,689 | €363,163 | +€22,475 | +6.6% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | €322,089 | €344,563 | +€22,475 | +7.0% |
| Amounts payable | 17/49 | €2,568,748 | €2,435,338 | -€133,410 | -5.2% |
| Amounts payable after more than one year | 17 | €1,552,844 | €1,364,361 | -€188,483 | -12.1% |
| Financial debts | 170/4 | €1,552,844 | €1,364,361 | -€188,483 | -12.1% |
| Amounts payable within one year | 42/48 | €984,798 | €1,042,851 | +€58,052 | +5.9% |
| Current portion of amounts payable after more than one year | 42 | €188,264 | €188,483 | +€219 | +0.1% |
| Trade debts | 44 | €30,301 | €25,932 | -€4,369 | -14.4% |
| Suppliers | 440/4 | €30,301 | €25,932 | -€4,369 | -14.4% |
| Taxes, remuneration and social security | 45 | €210,864 | €78,065 | -€132,798 | -63.0% |
| Taxes | 450/3 | €162,999 | €28,013 | -€134,987 | -82.8% |
| Remuneration and social security | 454/9 | €47,864 | €50,053 | +€2,188 | +4.6% |
| Other amounts payable | 47/48 | €555,369 | €750,369 | +€195,000 | +35.1% |
| Accrued charges and deferred income | 492/3 | €31,106 | €28,126 | -€2,979 | -9.6% |
| Non-recurring operating income | 76A | - | €4,160 | +€4,160 | |
| Remuneration, social security and pensions | 62 | €919,176 | €499,973 | -€419,203 | -45.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €386,002 | €247,096 | -€138,906 | -36.0% |
| Other operating charges | 640/8 | €290 | €331 | +€42 | +14.3% |
| Non-recurring operating charges | 66A | €750 | - | -€750 | |
| Gross operating margin | 9900 | €2,416,340 | €1,595,378 | -€820,962 | -34.0% |
| Operating profit (loss) | 9901 | €1,110,123 | €847,979 | -€262,144 | -23.6% |
| Financial income | 75/76B | €2,480 | €6,211 | +€3,731 | +150% |
| Recurring financial income | 75 | €2,480 | €6,211 | +€3,731 | +150% |
| Financial charges | 65/66B | €109,336 | €64,137 | -€45,199 | -41.3% |
| Recurring financial charges | 65 | €109,336 | €61,976 | -€47,360 | -43.3% |
| Non-recurring financial charges | 66B | - | €2,161 | +€2,161 | |
| Profit (loss) for the period before taxes | 9903 | €1,003,267 | €790,053 | -€213,213 | -21.3% |
| Income taxes | 67/77 | €126,178 | €17,578 | -€108,600 | -86.1% |
| Profit (loss) for the period | 9904 | €877,089 | €772,475 | -€104,614 | -11.9% |
| Profit (loss) for the period to be appropriated | 9905 | €877,089 | €772,475 | -€104,614 | -11.9% |
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 30 October 2026 via checked.be.