KATIA SMET: what changed
KATIA SMET
Largest movements
- Cash -€18,806
down €18,806 (-79.4%), from €23,686 to €4,880
mainly Net result for the year (-€7,975) and Current investments (-€6,111)
- Current investments +€6,111
up €6,111 (+112%), from €5,460 to €11,571
- Receivables within one year +€4,753
up €4,753 (+202%), from €2,355 to €7,108
of which Trade receivables: +€5,200
- Deferred charges and accrued income -€1,104
down €1,104 (-87.7%), from €1,258 to €155
- Tangible fixed assets -€463
down €463 (-29.3%), from €1,581 to €1,118
- Reserves -€7,975
down €7,975 (-34.1%), from €23,420 to €15,445
- Tax, wage and social debts -€4,839
down €4,839 (-100%), from €4,839 to €0
- Trade debts +€4,414
up €4,414 (+304%), from €1,450 to €5,864
- Short-term financial debts -€628
down €628 (-95.7%), from €656 to €28
- Other debts -€480
down €480 (-100.0%), from €480 to €0
- Gross operating margin -€30,509
down €30,509, from €23,930 to -€6,579
- Taxes -€4,789
down €4,789 (-99.0%), from €4,839 to €50
- Depreciation -€839
down €839 (-43.0%), from €1,952 to €1,113
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €34,345 | €24,837 | -€9,509 | -27.7% |
| Formation expenses | 20 | €0 | - | = | |
| Fixed assets | 21/28 | €1,586 | €1,123 | -€463 | -29.2% |
| Tangible fixed assets | 22/27 | €1,581 | €1,118 | -€463 | -29.3% |
| Furniture and vehicles | 24 | €1,581 | €1,118 | -€463 | -29.3% |
| Financial fixed assets | 28 | €5 | €5 | = | 0.0% |
| Current assets | 29/58 | €32,760 | €23,714 | -€9,046 | -27.6% |
| Amounts receivable within one year | 40/41 | €2,355 | €7,108 | +€4,753 | +202% |
| Trade receivables | 40 | €1,815 | €7,015 | +€5,200 | +287% |
| Other amounts receivable | 41 | €540 | €93 | -€447 | -82.8% |
| Current investments | 50/53 | €5,460 | €11,571 | +€6,111 | +112% |
| Cash at bank and in hand | 54/58 | €23,686 | €4,880 | -€18,806 | -79.4% |
| Deferred charges and accrued income | 490/1 | €1,258 | €155 | -€1,104 | -87.7% |
| Total equity and liabilities | 10/49 | €34,345 | €24,837 | -€9,509 | -27.7% |
| Equity | 10/15 | €26,920 | €18,945 | -€7,975 | -29.6% |
| Contributions | 10/11 | €3,500 | €3,500 | = | 0.0% |
| Reserves | 13 | €23,420 | €15,445 | -€7,975 | -34.1% |
| Distributable reserves | 133 | €23,420 | €15,445 | -€7,975 | -34.1% |
| Amounts payable | 17/49 | €7,425 | €5,892 | -€1,533 | -20.6% |
| Amounts payable within one year | 42/48 | €7,425 | €5,892 | -€1,533 | -20.6% |
| Financial debts | 43 | €656 | €28 | -€628 | -95.7% |
| Credit institutions | 430/8 | €656 | €28 | -€628 | -95.7% |
| Trade debts | 44 | €1,450 | €5,864 | +€4,414 | +304% |
| Suppliers | 440/4 | €1,450 | €5,864 | +€4,414 | +304% |
| Taxes, remuneration and social security | 45 | €4,839 | €0 | -€4,839 | -100% |
| Taxes | 450/3 | €4,839 | €0 | -€4,839 | -100% |
| Other amounts payable | 47/48 | €480 | €0 | -€480 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,952 | €1,113 | -€839 | -43.0% |
| Other operating charges | 640/8 | €38 | €144 | +€106 | +279% |
| Gross operating margin | 9900 | €23,930 | -€6,579 | -€30,509 | |
| Operating profit (loss) | 9901 | €21,940 | -€7,837 | -€29,776 | |
| Financial income | 75/76B | €0 | €41 | +€41 | +40,640% |
| Recurring financial income | 75 | €0 | €41 | +€41 | +40,640% |
| Financial charges | 65/66B | €148 | €130 | -€18 | -12.4% |
| Recurring financial charges | 65 | €148 | €130 | -€18 | -12.4% |
| Profit (loss) for the period before taxes | 9903 | €21,792 | -€7,925 | -€29,717 | |
| Income taxes | 67/77 | €4,839 | €50 | -€4,789 | -99.0% |
| Profit (loss) for the period | 9904 | €16,953 | -€7,975 | -€24,928 | |
| Profit (loss) for the period to be appropriated | 9905 | €16,953 | -€7,975 | -€24,928 |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 2 November 2026 via checked.be.