VAN DER SMISSEN Immo: 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.
VAN DER SMISSEN Immo
Largest movements
- Cash +€120,744
up €120,744 (+71.4%), from €169,119 to €289,863
mainly Net result for the year (+€69,426) and Tax, wage and social debts (+€30,658)
- Tangible fixed assets -€16,907
down €16,907 (-21.8%), from €77,476 to €60,569
of which Land and buildings: -€10,000
- Receivables after one year +€10,000
new in 2025: €10,000
- Reserves +€42,858
up €42,858 (+48.7%), from €88,069 to €130,927
of which Distributable reserves: +€42,858
- Tax, wage and social debts +€30,658
up €30,658 (+129%), from €23,764 to €54,422
of which Taxes: +€30,001
- Other debts +€29,675
up €29,675 (+190%), from €15,599 to €45,274
- Trade debts +€28,856
up €28,856 (+674%), from €4,281 to €33,137
- Debts after one year -€8,877
down €8,877 (-17.0%), from €52,091 to €43,214
of which Financial debts: -€8,877
- Gross operating margin +€129,916
up €129,916 (+165%), from €78,812 to €208,728
- Taxes +€24,784
up €24,784 (+12,149%), from €204 to €24,988
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 | €283,134 | €400,673 | +€117,539 | +41.5% |
| Fixed assets | 21/28 | €79,476 | €62,569 | -€16,907 | -21.3% |
| Tangible fixed assets | 22/27 | €77,476 | €60,569 | -€16,907 | -21.8% |
| Land and buildings | 22 | €50,000 | €40,000 | -€10,000 | -20.0% |
| Plant, machinery and equipment | 23 | €2,528 | €943 | -€1,585 | -62.7% |
| Furniture and vehicles | 24 | €8,601 | €8,912 | +€311 | +3.6% |
| Other tangible fixed assets | 26 | €16,347 | €10,714 | -€5,634 | -34.5% |
| Financial fixed assets | 28 | €2,000 | €2,000 | = | 0.0% |
| Current assets | 29/58 | €203,658 | €338,104 | +€134,446 | +66.0% |
| Amounts receivable after more than one year | 29 | - | €10,000 | +€10,000 | |
| Other amounts receivable | 291 | - | €10,000 | +€10,000 | |
| Amounts receivable within one year | 40/41 | €31,181 | €33,527 | +€2,346 | +7.5% |
| Trade receivables | 40 | €23,140 | €29,953 | +€6,813 | +29.4% |
| Other amounts receivable | 41 | €8,041 | €3,574 | -€4,467 | -55.6% |
| Cash at bank and in hand | 54/58 | €169,119 | €289,863 | +€120,744 | +71.4% |
| Deferred charges and accrued income | 490/1 | €3,357 | €4,714 | +€1,356 | +40.4% |
| Total equity and liabilities | 10/49 | €283,134 | €400,673 | +€117,539 | +41.5% |
| Equity | 10/15 | €169,768 | €212,626 | +€42,858 | +25.2% |
| Contributions | 10/11 | €6,197 | €6,197 | = | 0.0% |
| Reserves | 13 | €88,069 | €130,927 | +€42,858 | +48.7% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,859 | €1,859 | = | 0.0% |
| Distributable reserves | 133 | €86,210 | €129,068 | +€42,858 | +49.7% |
| Profit (loss) carried forward | 14 | €75,502 | €75,502 | = | 0.0% |
| Amounts payable | 17/49 | €113,366 | €188,047 | +€74,681 | +65.9% |
| Amounts payable after more than one year | 17 | €52,091 | €43,214 | -€8,877 | -17.0% |
| Financial debts | 170/4 | €47,691 | €38,814 | -€8,877 | -18.6% |
| Other amounts payable | 178/9 | €4,400 | €4,400 | = | 0.0% |
| Amounts payable within one year | 42/48 | €52,806 | €141,753 | +€88,947 | +168% |
| Current portion of amounts payable after more than one year | 42 | €9,162 | €8,920 | -€242 | -2.6% |
| Trade debts | 44 | €4,281 | €33,137 | +€28,856 | +674% |
| Suppliers | 440/4 | €4,281 | €33,137 | +€28,856 | +674% |
| Taxes, remuneration and social security | 45 | €23,764 | €54,422 | +€30,658 | +129% |
| Taxes | 450/3 | €6,667 | €36,667 | +€30,001 | +450% |
| Remuneration and social security | 454/9 | €17,098 | €17,755 | +€657 | +3.8% |
| Other amounts payable | 47/48 | €15,599 | €45,274 | +€29,675 | +190% |
| Accrued charges and deferred income | 492/3 | €8,469 | €3,079 | -€5,390 | -63.6% |
| Remuneration, social security and pensions | 62 | €89,276 | €88,105 | -€1,171 | -1.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €20,876 | €21,722 | +€846 | +4.1% |
| Other operating charges | 640/8 | €1,182 | €2,513 | +€1,331 | +113% |
| Gross operating margin | 9900 | €78,812 | €208,728 | +€129,916 | +165% |
| Operating profit (loss) | 9901 | -€32,523 | €96,388 | +€128,910 | |
| Financial income | 75/76B | €637 | €630 | -€7 | -1.1% |
| Recurring financial income | 75 | €637 | €630 | -€7 | -1.1% |
| Financial charges | 65/66B | €2,545 | €2,603 | +€57 | +2.3% |
| Recurring financial charges | 65 | €2,545 | €2,603 | +€57 | +2.3% |
| Profit (loss) for the period before taxes | 9903 | -€34,431 | €94,415 | +€128,846 | |
| Income taxes | 67/77 | €204 | €24,988 | +€24,784 | +12,149% |
| Profit (loss) for the period | 9904 | -€34,635 | €69,426 | +€104,062 | |
| Profit (loss) for the period to be appropriated | 9905 | -€34,635 | €69,426 | +€104,062 |
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 28 October 2026 via checked.be.