Transport De Smit Michaël: 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.
Transport De Smit Michaël
Largest movements
- Receivables within one year -€9,001
down €9,001 (-35.0%), from €25,691 to €16,690
of which Other amounts receivable: -€5,066
- Tangible fixed assets -€3,907
down €3,907 (-32.5%), from €12,014 to €8,107
of which Furniture and vehicles: -€4,246
- Deferred charges and accrued income -€1,804
down €1,804 (-47.0%), from €3,836 to €2,032
- Debts after one year -€10,583
down €10,583 (-78.2%), from €13,525 to €2,942
- Trade debts -€6,991
down €6,991 (-66.4%), from €10,522 to €3,531
- Profit (loss) carried forward +€4,534
up €4,534 (+23.4%), from -€19,352 to -€14,817
- Tax, wage and social debts -€2,250
down €2,250 (-100%), from €2,250 to €0
of which Remuneration and social security: -€2,250
- Other debts +€2,201
up €2,201 (+78.6%), from €2,800 to €5,001
- Gross operating margin +€17,855
up €17,855, from -€5,489 to €12,366
- Depreciation -€6,546
down €6,546 (-56.3%), from €11,633 to €5,088
- Financial charges +€504
up €504 (+46.0%), from €1,096 to €1,599
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 | €52,670 | €37,959 | -€14,711 | -27.9% |
| Fixed assets | 21/28 | €13,248 | €9,342 | -€3,907 | -29.5% |
| Tangible fixed assets | 22/27 | €12,014 | €8,107 | -€3,907 | -32.5% |
| Plant, machinery and equipment | 23 | €6,282 | €6,621 | +€339 | +5.4% |
| Furniture and vehicles | 24 | €5,732 | €1,486 | -€4,246 | -74.1% |
| Financial fixed assets | 28 | €1,235 | €1,235 | = | 0.0% |
| Current assets | 29/58 | €39,422 | €28,618 | -€10,804 | -27.4% |
| Stocks and contracts in progress | 3 | €9,895 | €9,895 | = | 0.0% |
| Stocks | 30/36 | €9,895 | €9,895 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €25,691 | €16,690 | -€9,001 | -35.0% |
| Trade receivables | 40 | €11,907 | €7,971 | -€3,935 | -33.0% |
| Other amounts receivable | 41 | €13,785 | €8,719 | -€5,066 | -36.7% |
| Cash at bank and in hand | 54/58 | €0 | - | = | |
| Deferred charges and accrued income | 490/1 | €3,836 | €2,032 | -€1,804 | -47.0% |
| Total equity and liabilities | 10/49 | €52,670 | €37,959 | -€14,711 | -27.9% |
| Equity | 10/15 | €10,109 | €14,643 | +€4,534 | +44.9% |
| Contributions | 10/11 | €20,460 | €20,460 | = | 0.0% |
| Reserves | 13 | €9,000 | €9,000 | = | 0.0% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €9,000 | €9,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€19,352 | -€14,817 | +€4,534 | +23.4% |
| Amounts payable | 17/49 | €42,562 | €23,316 | -€19,245 | -45.2% |
| Amounts payable after more than one year | 17 | €13,525 | €2,942 | -€10,583 | -78.2% |
| Financial debts | 170/4 | €13,525 | €2,942 | -€10,583 | -78.2% |
| Amounts payable within one year | 42/48 | €29,037 | €20,374 | -€8,662 | -29.8% |
| Current portion of amounts payable after more than one year | 42 | €13,465 | €11,842 | -€1,623 | -12.1% |
| Trade debts | 44 | €10,522 | €3,531 | -€6,991 | -66.4% |
| Suppliers | 440/4 | €10,522 | €3,531 | -€6,991 | -66.4% |
| Taxes, remuneration and social security | 45 | €2,250 | €0 | -€2,250 | -100% |
| Taxes | 450/3 | €0 | - | = | |
| Remuneration and social security | 454/9 | €2,250 | €0 | -€2,250 | -100% |
| Other amounts payable | 47/48 | €2,800 | €5,001 | +€2,201 | +78.6% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,633 | €5,088 | -€6,546 | -56.3% |
| Other operating charges | 640/8 | €1,236 | €1,155 | -€81 | -6.6% |
| Gross operating margin | 9900 | -€5,489 | €12,366 | +€17,855 | |
| Operating profit (loss) | 9901 | -€18,359 | €6,123 | +€24,482 | |
| Financial income | 75/76B | €0 | €10 | +€10 | +3,237% |
| Recurring financial income | 75 | €0 | €10 | +€10 | +3,237% |
| Financial charges | 65/66B | €1,096 | €1,599 | +€504 | +46.0% |
| Recurring financial charges | 65 | €1,096 | €1,599 | +€504 | +46.0% |
| Profit (loss) for the period before taxes | 9903 | -€19,454 | €4,534 | +€23,988 | |
| Profit (loss) for the period | 9904 | -€19,454 | €4,534 | +€23,988 | |
| Profit (loss) for the period to be appropriated | 9905 | -€19,454 | €4,534 | +€23,988 |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 October 2026 via checked.be.