LE 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.
LE SMETS
Largest movements
- Tangible fixed assets -€4,730
down €4,730 (-61.0%), from €7,757 to €3,026
of which Furniture and vehicles: -€4,384
- Cash +€4,423
up €4,423 (+25.8%), from €17,136 to €21,559
mainly Tax, wage and social debts (+€3,083) and Deferred charges and accrued income (+€2,885)
- Deferred charges and accrued income -€2,885
down €2,885 (-66.8%), from €4,321 to €1,436
- Intangible fixed assets +€2,771
new in 2025: €2,771
- Receivables within one year +€2,529
up €2,529 (+12.6%), from €20,092 to €22,621
of which Trade receivables: +€3,034
- Reserves -€4,102
down €4,102 (-12.4%), from €33,053 to €28,951
- Tax, wage and social debts +€3,083
up €3,083 (+33.3%), from €9,248 to €12,331
of which Remuneration and social security: +€3,763
- Trade debts +€1,607
up €1,607 (+136%), from €1,184 to €2,792
- Other debts +€1,347
up €1,347 (+21.6%), from €6,227 to €7,575
- Staff costs +€28,582
up €28,582 (+309%), from €9,247 to €37,829
- Gross operating margin +€24,578
up €24,578 (+129%), from €19,091 to €43,669
- Write-downs -€2,474
down €2,474 (-100%), from €2,474 to €0
- Taxes -€1,128
down €1,128 (-64.4%), from €1,752 to €625
- Depreciation +€572
up €572 (+25.1%), from €2,281 to €2,853
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 | €51,295 | €53,402 | +€2,107 | +4.1% |
| Fixed assets | 21/28 | €9,747 | €7,787 | -€1,960 | -20.1% |
| Intangible fixed assets | 21 | - | €2,771 | +€2,771 | |
| Tangible fixed assets | 22/27 | €7,757 | €3,026 | -€4,730 | -61.0% |
| Plant, machinery and equipment | 23 | €987 | €640 | -€347 | -35.1% |
| Furniture and vehicles | 24 | €6,770 | €2,386 | -€4,384 | -64.8% |
| Financial fixed assets | 28 | €1,990 | €1,990 | = | 0.0% |
| Current assets | 29/58 | €41,548 | €45,616 | +€4,067 | +9.8% |
| Amounts receivable within one year | 40/41 | €20,092 | €22,621 | +€2,529 | +12.6% |
| Trade receivables | 40 | €15,410 | €18,445 | +€3,034 | +19.7% |
| Other amounts receivable | 41 | €4,682 | €4,176 | -€505 | -10.8% |
| Cash at bank and in hand | 54/58 | €17,136 | €21,559 | +€4,423 | +25.8% |
| Deferred charges and accrued income | 490/1 | €4,321 | €1,436 | -€2,885 | -66.8% |
| Total equity and liabilities | 10/49 | €51,295 | €53,402 | +€2,107 | +4.1% |
| Equity | 10/15 | €34,053 | €29,951 | -€4,102 | -12.0% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €33,053 | €28,951 | -€4,102 | -12.4% |
| Distributable reserves | 133 | €33,053 | €28,951 | -€4,102 | -12.4% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €17,242 | €23,451 | +€6,209 | +36.0% |
| Amounts payable within one year | 42/48 | €17,242 | €23,451 | +€6,209 | +36.0% |
| Financial debts | 43 | €582 | €754 | +€172 | +29.5% |
| Credit institutions | 430/8 | €582 | €754 | +€172 | +29.5% |
| Trade debts | 44 | €1,184 | €2,792 | +€1,607 | +136% |
| Suppliers | 440/4 | €1,184 | €2,792 | +€1,607 | +136% |
| Taxes, remuneration and social security | 45 | €9,248 | €12,331 | +€3,083 | +33.3% |
| Taxes | 450/3 | €8,026 | €7,346 | -€680 | -8.5% |
| Remuneration and social security | 454/9 | €1,222 | €4,985 | +€3,763 | +308% |
| Other amounts payable | 47/48 | €6,227 | €7,575 | +€1,347 | +21.6% |
| Remuneration, social security and pensions | 62 | €9,247 | €37,829 | +€28,582 | +309% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,281 | €2,853 | +€572 | +25.1% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €2,474 | €0 | -€2,474 | -100% |
| Other operating charges | 640/8 | €623 | €298 | -€325 | -52.1% |
| Non-recurring operating charges | 66A | €0 | €2,198 | +€2,198 | |
| Gross operating margin | 9900 | €19,091 | €43,669 | +€24,578 | +129% |
| Operating profit (loss) | 9901 | €4,467 | €491 | -€3,975 | -89.0% |
| Financial income | 75/76B | €16 | €0 | -€16 | -99.8% |
| Recurring financial income | 75 | €16 | €0 | -€16 | -99.8% |
| Financial charges | 65/66B | €160 | €189 | +€30 | +18.7% |
| Recurring financial charges | 65 | €160 | €189 | +€30 | +18.7% |
| Profit (loss) for the period before taxes | 9903 | €4,323 | €302 | -€4,021 | -93.0% |
| Income taxes | 67/77 | €1,752 | €625 | -€1,128 | -64.4% |
| Profit (loss) for the period | 9904 | €2,571 | -€322 | -€2,893 | |
| Profit (loss) for the period to be appropriated | 9905 | €2,571 | -€322 | -€2,893 |
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 24 October 2026 via checked.be.