MENUISERIE 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.
MENUISERIE SMETS
Largest movements
- Tangible fixed assets -€13,340
down €13,340 (-9.1%), from €146,256 to €132,916
of which Land and buildings: -€11,559
- Receivables within one year -€7,631
down €7,631 (-64.4%), from €11,841 to €4,211
of which Trade receivables: -€7,346
- Cash +€3,687
new in 2025: €3,687
mainly Depreciation (+€17,168) and Receivables within one year (+€7,631)
- Debts after one year -€17,791
down €17,791 (-31.4%), from €56,747 to €38,956
- Profit (loss) carried forward +€6,737
up €6,737 (+85.0%), from -€7,930 to -€1,193
- Trade debts -€4,176
down €4,176 (-84.0%), from €4,970 to €794
- Current portion of long-term debt -€3,660
down €3,660 (-17.1%), from €21,451 to €17,791
- Other debts +€2,819
up €2,819 (+3.9%), from €72,052 to €74,871
- Depreciation -€2,166
down €2,166 (-11.2%), from €19,333 to €17,168
- Gross operating margin +€1,251
up €1,251 (+3.8%), from €32,637 to €33,889
- Write-downs +€1,100
new in 2025: €1,100
- Financial charges -€723
down €723 (-22.5%), from €3,221 to €2,498
- Other operating charges +€367
up €367 (+6.3%), from €5,808 to €6,175
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 | €159,334 | €142,566 | -€16,767 | -10.5% |
| Fixed assets | 21/28 | €146,256 | €132,916 | -€13,340 | -9.1% |
| Tangible fixed assets | 22/27 | €146,256 | €132,916 | -€13,340 | -9.1% |
| Land and buildings | 22 | €140,838 | €129,279 | -€11,559 | -8.2% |
| Furniture and vehicles | 24 | €4,274 | €2,779 | -€1,495 | -35.0% |
| Other tangible fixed assets | 26 | €1,144 | €858 | -€286 | -25.0% |
| Current assets | 29/58 | €13,077 | €9,650 | -€3,427 | -26.2% |
| Amounts receivable within one year | 40/41 | €11,841 | €4,211 | -€7,631 | -64.4% |
| Trade receivables | 40 | €10,860 | €3,514 | -€7,346 | -67.6% |
| Other amounts receivable | 41 | €981 | €697 | -€285 | -29.0% |
| Cash at bank and in hand | 54/58 | - | €3,687 | +€3,687 | |
| Deferred charges and accrued income | 490/1 | €1,236 | €1,753 | +€517 | +41.9% |
| Total equity and liabilities | 10/49 | €159,334 | €142,566 | -€16,767 | -10.5% |
| Equity | 10/15 | €203 | €6,940 | +€6,737 | +3,324% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €1,933 | €1,933 | = | 0.0% |
| Tax-exempt reserves | 132 | €73 | €73 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€7,930 | -€1,193 | +€6,737 | +85.0% |
| Amounts payable | 17/49 | €159,131 | €135,626 | -€23,505 | -14.8% |
| Amounts payable after more than one year | 17 | €56,747 | €38,956 | -€17,791 | -31.4% |
| Financial debts | 170/4 | €56,747 | €38,956 | -€17,791 | -31.4% |
| Amounts payable within one year | 42/48 | €102,384 | €96,670 | -€5,714 | -5.6% |
| Current portion of amounts payable after more than one year | 42 | €21,451 | €17,791 | -€3,660 | -17.1% |
| Financial debts | 43 | €702 | - | -€702 | |
| Credit institutions | 430/8 | €702 | - | -€702 | |
| Trade debts | 44 | €4,970 | €794 | -€4,176 | -84.0% |
| Suppliers | 440/4 | €4,970 | €794 | -€4,176 | -84.0% |
| Taxes, remuneration and social security | 45 | €3,209 | €3,214 | +€5 | +0.2% |
| Taxes | 450/3 | €3,209 | €3,214 | +€5 | +0.2% |
| Other amounts payable | 47/48 | €72,052 | €74,871 | +€2,819 | +3.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €19,333 | €17,168 | -€2,166 | -11.2% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €1,100 | +€1,100 | |
| Other operating charges | 640/8 | €5,808 | €6,175 | +€367 | +6.3% |
| Gross operating margin | 9900 | €32,637 | €33,889 | +€1,251 | +3.8% |
| Operating profit (loss) | 9901 | €7,496 | €9,446 | +€1,950 | +26.0% |
| Financial income | 75/76B | €0 | €3 | +€3 | +967% |
| Recurring financial income | 75 | €0 | €3 | +€3 | +967% |
| Financial charges | 65/66B | €3,221 | €2,498 | -€723 | -22.5% |
| Recurring financial charges | 65 | €3,221 | €2,498 | -€723 | -22.5% |
| Profit (loss) for the period before taxes | 9903 | €4,275 | €6,951 | +€2,676 | +62.6% |
| Income taxes | 67/77 | €397 | €214 | -€183 | -46.2% |
| Profit (loss) for the period | 9904 | €3,878 | €6,737 | +€2,860 | +73.7% |
| Profit (loss) for the period to be appropriated | 9905 | €3,878 | €6,737 | +€2,860 | +73.7% |
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 17 October 2026 via checked.be.