Project Smekens: what changed
Two fiscal 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.
Project Smekens
Largest movements
- Cash +€94,057
up €94,057 (+716.8%), from €13,122 to €107,179
mainly Other debts (+€99,840) and Net result for the year (+€74,019)
- Receivables within one year +€90,237
up €90,237 (+448.5%), from €20,118 to €110,355
of which Trade receivables: +€81,080
- Other debts +€99,840
up €99,840 (+62240.3%), from €160 to €100,000
- Reserves +€74,019
up €74,019 (+447.2%), from €16,550 to €90,570
- Tax, wage and social debts +€16,955
up €16,955 (+235.8%), from €7,191 to €24,146
- Trade debts -€6,108
down €6,108 (-92.7%), from €6,588 to €480
- Gross operating margin +€71,286
up €71,286 (+336.4%), from €21,189 to €92,474
- Taxes +€14,443
up €14,443 (+331.7%), from €4,355 to €18,798
From the 2025 result to the 2026 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.
Cash bridge derived
Derived from the 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €33,490 | €218,196 | +€184,706 | +551.5% |
| Fixed assets | 21/28 | €250 | €250 | = | 0.0% |
| Financial fixed assets | 28 | €250 | €250 | = | 0.0% |
| Current assets | 29/58 | €33,240 | €217,946 | +€184,706 | +555.7% |
| Amounts receivable within one year | 40/41 | €20,118 | €110,355 | +€90,237 | +448.5% |
| Trade receivables | 40 | €12,100 | €93,180 | +€81,080 | +670.1% |
| Other amounts receivable | 41 | €8,018 | €17,176 | +€9,157 | +114.2% |
| Cash at bank and in hand | 54/58 | €13,122 | €107,179 | +€94,057 | +716.8% |
| Deferred charges and accrued income | 490/1 | - | €412 | +€412 | |
| Total equity and liabilities | 10/49 | €33,490 | €218,196 | +€184,706 | +551.5% |
| Equity | 10/15 | €19,550 | €93,570 | +€74,019 | +378.6% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €16,550 | €90,570 | +€74,019 | +447.2% |
| Distributable reserves | 133 | €16,550 | €90,570 | +€74,019 | +447.2% |
| Amounts payable | 17/49 | €13,940 | €124,626 | +€110,686 | +794.0% |
| Amounts payable within one year | 42/48 | €13,940 | €124,626 | +€110,686 | +794.0% |
| Trade debts | 44 | €6,588 | €480 | -€6,108 | -92.7% |
| Suppliers | 440/4 | €6,588 | €480 | -€6,108 | -92.7% |
| Taxes, remuneration and social security | 45 | €7,191 | €24,146 | +€16,955 | +235.8% |
| Taxes | 450/3 | €7,191 | €24,146 | +€16,955 | +235.8% |
| Other amounts payable | 47/48 | €160 | €100,000 | +€99,840 | +62240.3% |
| Other operating charges | 640/8 | €387 | €465 | +€78 | +20.2% |
| Gross operating margin | 9900 | €21,189 | €92,474 | +€71,286 | +336.4% |
| Operating profit (loss) | 9901 | €20,801 | €92,009 | +€71,208 | +342.3% |
| Financial income | 75/76B | €285 | €1,025 | +€740 | +259.6% |
| Recurring financial income | 75 | €285 | €1,025 | +€740 | +259.6% |
| Financial charges | 65/66B | €181 | €217 | +€35 | +19.4% |
| Recurring financial charges | 65 | €181 | €217 | +€35 | +19.4% |
| Profit (loss) for the period before taxes | 9903 | €20,905 | €92,818 | +€71,913 | +344.0% |
| Income taxes | 67/77 | €4,355 | €18,798 | +€14,443 | +331.7% |
| Profit (loss) for the period | 9904 | €16,550 | €74,019 | +€57,469 | +347.2% |
| Profit (loss) for the period to be appropriated | 9905 | €16,550 | €74,019 | +€57,469 | +347.2% |
Source: filed annual accounts (NBB), fiscal years ended 31 March 2025 and 31 March 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.