Te Smoor: 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.
Te Smoor
Largest movements
No asset line moved by more than 1% of the balance sheet total.
- Trade debts +€185,497
up €185,497 (+229%), from €81,162 to €266,660
- Other debts -€132,202
down €132,202 (-8.6%), from €1.5m to €1.4m
- Profit (loss) carried forward -€60,381
down €60,381 (-43.0%), from -€140,351 to -€200,732
- Financial charges -€14,878
down €14,878 (-21.1%), from €70,564 to €55,686
- Depreciation -€14,458
down €14,458 (-37.5%), from €38,518 to €24,060
- Gross operating margin +€3,832
up €3,832 (+16.9%), from €22,718 to €26,549
- Taxes -€611
down €611 (-83.8%), from €729 to €118
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
Cash or the result is not a separate line in both sets of accounts; the cash flow cannot be derived from them.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,679,582 | €2,659,775 | -€19,807 | -0.7% |
| Fixed assets | 21/28 | €2,638,011 | €2,613,951 | -€24,060 | -0.9% |
| Tangible fixed assets | 22/27 | €775,011 | €750,951 | -€24,060 | -3.1% |
| Land and buildings | 22 | €775,011 | €750,951 | -€24,060 | -3.1% |
| Financial fixed assets | 28 | €1,863,000 | €1,863,000 | = | 0.0% |
| Current assets | 29/58 | €41,571 | €45,824 | +€4,253 | +10.2% |
| Amounts receivable within one year | 40/41 | €41,571 | €45,824 | +€4,253 | +10.2% |
| Trade receivables | 40 | €41,571 | €45,824 | +€4,253 | +10.2% |
| Deferred charges and accrued income | 490/1 | - | €0 | +€0 | |
| Total equity and liabilities | 10/49 | €2,679,582 | €2,659,775 | -€19,807 | -0.7% |
| Equity | 10/15 | €989,466 | €929,084 | -€60,381 | -6.1% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €1,109,816 | €1,109,816 | = | 0.0% |
| Distributable reserves | 133 | €1,109,816 | €1,109,816 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€140,351 | -€200,732 | -€60,381 | -43.0% |
| Amounts payable | 17/49 | €1,690,116 | €1,730,691 | +€40,575 | +2.4% |
| Amounts payable after more than one year | 17 | €0 | - | = | |
| Financial debts | 170/4 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €1,623,355 | €1,675,638 | +€52,284 | +3.2% |
| Trade debts | 44 | €81,162 | €266,660 | +€185,497 | +229% |
| Suppliers | 440/4 | €81,162 | €266,660 | +€185,497 | +229% |
| Taxes, remuneration and social security | 45 | €1,859 | €848 | -€1,012 | -54.4% |
| Taxes | 450/3 | €1,859 | €848 | -€1,012 | -54.4% |
| Other amounts payable | 47/48 | €1,540,333 | €1,408,131 | -€132,202 | -8.6% |
| Accrued charges and deferred income | 492/3 | €66,761 | €55,052 | -€11,709 | -17.5% |
| Non-recurring operating income | 76A | €348 | €19,206 | +€18,858 | +5,411% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €38,518 | €24,060 | -€14,458 | -37.5% |
| Other operating charges | 640/8 | €6,853 | €7,067 | +€214 | +3.1% |
| Gross operating margin | 9900 | €22,718 | €26,549 | +€3,832 | +16.9% |
| Operating profit (loss) | 9901 | -€22,653 | -€4,577 | +€18,076 | +79.8% |
| Financial charges | 65/66B | €70,564 | €55,686 | -€14,878 | -21.1% |
| Recurring financial charges | 65 | €70,564 | €55,686 | -€14,878 | -21.1% |
| Profit (loss) for the period before taxes | 9903 | -€93,217 | -€60,263 | +€32,954 | +35.4% |
| Income taxes | 67/77 | €729 | €118 | -€611 | -83.8% |
| Profit (loss) for the period | 9904 | -€93,946 | -€60,381 | +€33,565 | +35.7% |
| Profit (loss) for the period to be appropriated | 9905 | -€93,946 | -€60,381 | +€33,565 | +35.7% |
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 21 October 2026 via checked.be.