TRANSPORT PASCAL SMETS: what changed
Two fiscal 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 PASCAL SMETS
Largest movements
- Tangible fixed assets -€37,855
no longer reported in 2025 (was €37,855)
- Receivables within one year -€21,923
down €21,923 (-88.5%), from €24,778 to €2,855
of which Trade receivables: -€19,778
- Cash +€19,439
up €19,439 (+63.3%), from €30,728 to €50,168
mainly Investment in fixed assets (net) (+€37,855) and Receivables within one year (+€21,923)
- Other debts -€15,785
down €15,785 (-44.9%), from €35,122 to €19,336
- Profit (loss) carried forward -€15,679
down €15,679 (-147.4%), from -€10,640 to -€26,319
- Current portion of long-term debt -€7,501
no longer reported in 2025 (was €7,501)
- Tax, wage and social debts -€1,173
no longer reported in 2025 (was €1,173)
- Depreciation -€22,594
no longer reported in 2025 (was €22,594)
- Gross operating margin -€2,889
down €2,889 (-10.0%), from €28,894 to €26,005
- Financial charges -€470
down €470 (-61.6%), from €762 to €292
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.
Cash bridge derived
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 | €93,362 | €53,023 | -€40,339 | -43.2% |
| Fixed assets | 21/28 | €37,855 | - | -€37,855 | |
| Tangible fixed assets | 22/27 | €37,855 | - | -€37,855 | |
| Land and buildings | 22 | €37,855 | - | -€37,855 | |
| Current assets | 29/58 | €55,506 | €53,023 | -€2,484 | -4.5% |
| Amounts receivable within one year | 40/41 | €24,778 | €2,855 | -€21,923 | -88.5% |
| Trade receivables | 40 | €19,778 | - | -€19,778 | |
| Other amounts receivable | 41 | €5,000 | €2,855 | -€2,145 | -42.9% |
| Cash at bank and in hand | 54/58 | €30,728 | €50,168 | +€19,439 | +63.3% |
| Total equity and liabilities | 10/49 | €93,362 | €53,023 | -€40,339 | -43.2% |
| Equity | 10/15 | €49,166 | €33,487 | -€15,679 | -31.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €41,206 | €41,206 | = | 0.0% |
| 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 | €39,346 | €39,346 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€10,640 | -€26,319 | -€15,679 | -147.4% |
| Amounts payable | 17/49 | €44,196 | €19,536 | -€24,660 | -55.8% |
| Amounts payable within one year | 42/48 | €44,196 | €19,536 | -€24,660 | -55.8% |
| Current portion of amounts payable after more than one year | 42 | €7,501 | - | -€7,501 | |
| Trade debts | 44 | €401 | €200 | -€201 | -50.2% |
| Suppliers | 440/4 | €401 | €200 | -€201 | -50.2% |
| Taxes, remuneration and social security | 45 | €1,173 | - | -€1,173 | |
| Taxes | 450/3 | €1,173 | - | -€1,173 | |
| Other amounts payable | 47/48 | €35,122 | €19,336 | -€15,785 | -44.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €22,594 | - | -€22,594 | |
| Other operating charges | 640/8 | €3,430 | €3,536 | +€106 | +3.1% |
| Non-recurring operating charges | 66A | - | €37,855 | +€37,855 | |
| Gross operating margin | 9900 | €28,894 | €26,005 | -€2,889 | -10.0% |
| Operating profit (loss) | 9901 | €2,870 | -€15,387 | -€18,257 | |
| Financial charges | 65/66B | €762 | €292 | -€470 | -61.6% |
| Recurring financial charges | 65 | €762 | €292 | -€470 | -61.6% |
| Profit (loss) for the period before taxes | 9903 | €2,108 | -€15,679 | -€17,787 | |
| Profit (loss) for the period | 9904 | €2,108 | -€15,679 | -€17,787 | |
| Profit (loss) for the period to be appropriated | 9905 | €2,108 | -€15,679 | -€17,787 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 9 October 2026 via checked.be.