SIMON 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.
SIMON SMETS
Largest movements
- Cash -€4,667
down €4,667 (-69.9%), from €6,673 to €2,007
mainly Net result for the year (-€5,264) and Receivables within one year (-€2,399)
- Receivables within one year +€2,399
up €2,399 (+31.2%), from €7,680 to €10,079
of which Trade receivables: +€1,575
- Deferred charges and accrued income +€2,195
up €2,195, from €0 to €2,195
- Tangible fixed assets -€506
down €506 (-10.5%), from €4,833 to €4,328
of which Furniture and vehicles: -€1,287
- Reserves -€5,264
down €5,264 (-54.3%), from €9,688 to €4,423
- Other debts +€4,047
up €4,047 (+69.2%), from €5,850 to €9,897
- Trade debts +€638
up €638 (+98.4%), from €649 to €1,288
- Gross operating margin -€10,579
down €10,579 (-98.3%), from €10,764 to €186
- Taxes -€1,890
down €1,890 (-91.5%), from €2,067 to €176
- Other operating charges +€1,553
up €1,553 (+322.8%), from €481 to €2,034
- Financial charges -€364
down €364 (-17.3%), from €2,099 to €1,735
- Depreciation +€129
up €129 (+9.4%), from €1,376 to €1,505
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.
Cash bridge derived
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 | €19,187 | €18,608 | -€579 | -3.0% |
| Fixed assets | 21/28 | €4,833 | €4,328 | -€506 | -10.5% |
| Tangible fixed assets | 22/27 | €4,833 | €4,328 | -€506 | -10.5% |
| Plant, machinery and equipment | 23 | - | €781 | +€781 | |
| Furniture and vehicles | 24 | €4,833 | €3,546 | -€1,287 | -26.6% |
| Current assets | 29/58 | €14,353 | €14,280 | -€73 | -0.5% |
| Amounts receivable within one year | 40/41 | €7,680 | €10,079 | +€2,399 | +31.2% |
| Trade receivables | 40 | €5,120 | €6,695 | +€1,575 | +30.8% |
| Other amounts receivable | 41 | €2,560 | €3,384 | +€824 | +32.2% |
| Cash at bank and in hand | 54/58 | €6,673 | €2,007 | -€4,667 | -69.9% |
| Deferred charges and accrued income | 490/1 | €0 | €2,195 | +€2,195 | |
| Total equity and liabilities | 10/49 | €19,187 | €18,608 | -€579 | -3.0% |
| Equity | 10/15 | €12,688 | €7,423 | -€5,264 | -41.5% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €9,688 | €4,423 | -€5,264 | -54.3% |
| Distributable reserves | 133 | €9,688 | €4,423 | -€5,264 | -54.3% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Amounts payable | 17/49 | €6,499 | €11,184 | +€4,685 | +72.1% |
| Amounts payable within one year | 42/48 | €6,499 | €11,184 | +€4,685 | +72.1% |
| Trade debts | 44 | €649 | €1,288 | +€638 | +98.4% |
| Suppliers | 440/4 | €649 | €1,288 | +€638 | +98.4% |
| Other amounts payable | 47/48 | €5,850 | €9,897 | +€4,047 | +69.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,376 | €1,505 | +€129 | +9.4% |
| Other operating charges | 640/8 | €481 | €2,034 | +€1,553 | +322.8% |
| Gross operating margin | 9900 | €10,764 | €186 | -€10,579 | -98.3% |
| Operating profit (loss) | 9901 | €8,908 | -€3,353 | -€12,260 | |
| Financial income | 75/76B | €1 | - | -€1 | |
| Recurring financial income | 75 | €1 | - | -€1 | |
| Financial charges | 65/66B | €2,099 | €1,735 | -€364 | -17.3% |
| Recurring financial charges | 65 | €2,099 | €1,735 | -€364 | -17.3% |
| Profit (loss) for the period before taxes | 9903 | €6,809 | -€5,088 | -€11,897 | |
| Income taxes | 67/77 | €2,067 | €176 | -€1,890 | -91.5% |
| Profit (loss) for the period | 9904 | €4,743 | -€5,264 | -€10,007 | |
| Profit (loss) for the period to be appropriated | 9905 | €4,743 | -€5,264 | -€10,007 |
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 9 October 2026 via checked.be.