WOUTERS - SMETS: 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.
WOUTERS - SMETS
Largest movements
- Receivables within one year +€21,626
up €21,626 (+44.2%), from €48,883 to €70,509
of which Other amounts receivable: +€25,667
- Cash -€8,885
down €8,885 (-18.7%), from €47,593 to €38,708
mainly Receivables within one year (-€21,626) and Tax, wage and social debts (-€8,763)
- Tangible fixed assets -€8,547
down €8,547 (-23.2%), from €36,874 to €28,326
of which Furniture and vehicles: -€7,355
- Reserves +€11,715
up €11,715 (+9.9%), from €118,274 to €129,989
- Tax, wage and social debts -€8,763
down €8,763 (-78.2%), from €11,202 to €2,439
- Depreciation +€6,261
up €6,261 (+274%), from €2,287 to €8,547
- Gross operating margin +€3,310
up €3,310 (+15.3%), from €21,568 to €24,877
- Financial income +€1,173
up €1,173 (+53.8%), from €2,180 to €3,354
- Financial charges -€543
down €543 (-78.1%), from €694 to €152
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 | €133,917 | €137,874 | +€3,957 | +3.0% |
| Fixed assets | 21/28 | €36,874 | €28,326 | -€8,547 | -23.2% |
| Tangible fixed assets | 22/27 | €36,874 | €28,326 | -€8,547 | -23.2% |
| Plant, machinery and equipment | 23 | €1,789 | €596 | -€1,193 | -66.7% |
| Furniture and vehicles | 24 | €35,085 | €27,730 | -€7,355 | -21.0% |
| Current assets | 29/58 | €97,043 | €109,548 | +€12,504 | +12.9% |
| Amounts receivable within one year | 40/41 | €48,883 | €70,509 | +€21,626 | +44.2% |
| Trade receivables | 40 | €7,396 | €3,355 | -€4,040 | -54.6% |
| Other amounts receivable | 41 | €41,487 | €67,153 | +€25,667 | +61.9% |
| Cash at bank and in hand | 54/58 | €47,593 | €38,708 | -€8,885 | -18.7% |
| Deferred charges and accrued income | 490/1 | €567 | €331 | -€236 | -41.7% |
| Total equity and liabilities | 10/49 | €133,917 | €137,874 | +€3,957 | +3.0% |
| Equity | 10/15 | €119,274 | €130,989 | +€11,715 | +9.8% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €118,274 | €129,989 | +€11,715 | +9.9% |
| Distributable reserves | 133 | €118,274 | €129,989 | +€11,715 | +9.9% |
| Amounts payable | 17/49 | €14,643 | €6,885 | -€7,758 | -53.0% |
| Amounts payable within one year | 42/48 | €14,643 | €6,885 | -€7,758 | -53.0% |
| Trade debts | 44 | €3,441 | €4,446 | +€1,005 | +29.2% |
| Suppliers | 440/4 | €3,441 | €4,446 | +€1,005 | +29.2% |
| Taxes, remuneration and social security | 45 | €11,202 | €2,439 | -€8,763 | -78.2% |
| Taxes | 450/3 | €11,202 | €2,439 | -€8,763 | -78.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,287 | €8,547 | +€6,261 | +274% |
| Other operating charges | 640/8 | €387 | €400 | +€12 | +3.2% |
| Gross operating margin | 9900 | €21,568 | €24,877 | +€3,310 | +15.3% |
| Operating profit (loss) | 9901 | €18,893 | €15,930 | -€2,963 | -15.7% |
| Financial income | 75/76B | €2,180 | €3,354 | +€1,173 | +53.8% |
| Recurring financial income | 75 | €2,180 | €3,354 | +€1,173 | +53.8% |
| Financial charges | 65/66B | €694 | €152 | -€543 | -78.1% |
| Recurring financial charges | 65 | €694 | €152 | -€543 | -78.1% |
| Profit (loss) for the period before taxes | 9903 | €20,379 | €19,132 | -€1,247 | -6.1% |
| Income taxes | 67/77 | €7,222 | €7,417 | +€195 | +2.7% |
| Profit (loss) for the period | 9904 | €13,158 | €11,715 | -€1,442 | -11.0% |
| Profit (loss) for the period to be appropriated | 9905 | €13,158 | €11,715 | -€1,442 | -11.0% |
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 18 October 2026 via checked.be.