Schmeets: 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.
Schmeets
Largest movements
- Cash +€112,345
up €112,345 (+245%), from €45,916 to €158,261
mainly Net result for the year (+€82,889) and Receivables within one year (+€24,411)
- Receivables within one year -€24,411
down €24,411 (-49.2%), from €49,629 to €25,217
- Reserves +€82,889
up €82,889 (+56.9%), from €145,604 to €228,493
- Tax, wage and social debts +€4,753
up €4,753 (+8.6%), from €55,334 to €60,087
- Gross operating margin -€4,416
down €4,416 (-3.9%), from €114,202 to €109,786
- Financial income +€2,053
up €2,053 (+14,138%), from €15 to €2,067
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 | €204,950 | €292,208 | +€87,258 | +42.6% |
| Formation expenses | 20 | €631 | €379 | -€251 | -39.8% |
| Fixed assets | 21/28 | €8,752 | €6,852 | -€1,900 | -21.7% |
| Tangible fixed assets | 22/27 | €8,752 | €6,852 | -€1,900 | -21.7% |
| Plant, machinery and equipment | 23 | €257 | €0 | -€257 | -100% |
| Furniture and vehicles | 24 | €8,495 | €6,852 | -€1,643 | -19.3% |
| Current assets | 29/58 | €195,567 | €284,976 | +€89,409 | +45.7% |
| Amounts receivable within one year | 40/41 | €49,629 | €25,217 | -€24,411 | -49.2% |
| Trade receivables | 40 | €49,629 | €25,217 | -€24,411 | -49.2% |
| Current investments | 50/53 | €100,000 | €101,446 | +€1,446 | +1.4% |
| Cash at bank and in hand | 54/58 | €45,916 | €158,261 | +€112,345 | +245% |
| Deferred charges and accrued income | 490/1 | €22 | €52 | +€29 | +131% |
| Total equity and liabilities | 10/49 | €204,950 | €292,208 | +€87,258 | +42.6% |
| Equity | 10/15 | €148,604 | €231,493 | +€82,889 | +55.8% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €145,604 | €228,493 | +€82,889 | +56.9% |
| Distributable reserves | 133 | €145,604 | €228,493 | +€82,889 | +56.9% |
| Amounts payable | 17/49 | €56,346 | €60,714 | +€4,368 | +7.8% |
| Amounts payable within one year | 42/48 | €56,346 | €60,714 | +€4,368 | +7.8% |
| Trade debts | 44 | €887 | €453 | -€434 | -49.0% |
| Suppliers | 440/4 | €887 | €453 | -€434 | -49.0% |
| Taxes, remuneration and social security | 45 | €55,334 | €60,087 | +€4,753 | +8.6% |
| Taxes | 450/3 | €55,334 | €60,087 | +€4,753 | +8.6% |
| Other amounts payable | 47/48 | €126 | €175 | +€50 | +39.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,793 | €5,104 | +€312 | +6.5% |
| Other operating charges | 640/8 | €736 | €1,118 | +€382 | +51.8% |
| Non-recurring operating charges | 66A | - | €257 | +€257 | |
| Gross operating margin | 9900 | €114,202 | €109,786 | -€4,416 | -3.9% |
| Operating profit (loss) | 9901 | €108,674 | €103,307 | -€5,366 | -4.9% |
| Financial income | 75/76B | €15 | €2,067 | +€2,053 | +14,138% |
| Recurring financial income | 75 | €15 | €2,067 | +€2,053 | +14,138% |
| Financial charges | 65/66B | €143 | €184 | +€41 | +28.7% |
| Recurring financial charges | 65 | €143 | €184 | +€41 | +28.7% |
| Profit (loss) for the period before taxes | 9903 | €108,545 | €105,191 | -€3,354 | -3.1% |
| Income taxes | 67/77 | €22,817 | €22,301 | -€515 | -2.3% |
| Profit (loss) for the period | 9904 | €85,728 | €82,889 | -€2,839 | -3.3% |
| Profit (loss) for the period to be appropriated | 9905 | €85,728 | €82,889 | -€2,839 | -3.3% |
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.