SMEBA FIRE: 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.
SMEBA FIRE
Largest movements
- Receivables within one year -€1.3m
down €1.3m (-73.6%), from €1.7m to €453,921
of which Other amounts receivable: -€1.3m
- Cash +€89,275
up €89,275 (+308%), from €28,964 to €118,239
mainly Receivables within one year (+€1.3m) and Other debts (+€219,757)
- Financial fixed assets +€61,940
up €61,940 (+76.1%), from €81,412 to €143,352
- Stocks and contracts +€39,485
up €39,485 (+135%), from €29,319 to €68,804
- Profit (loss) carried forward -€945,457
down €945,457 (-99.9%), from €946,555 to €1,099
- Debts after one year -€424,684
no longer reported in 2025 (was €424,684)
- Other debts +€219,757
new in 2025: €219,757
- Tax, wage and social debts +€109,828
up €109,828 (+62.7%), from €175,064 to €284,892
of which Taxes: +€82,726
- Trade debts -€47,318
down €47,318 (-46.6%), from €101,451 to €54,133
- Staff costs +€201,117
up €201,117 (+35.6%), from €564,887 to €766,004
- Gross operating margin +€86,161
up €86,161 (+8.3%), from €1.0m to €1.1m
- Taxes -€37,305
down €37,305 (-31.9%), from €116,771 to €79,466
- Financial income -€24,222
down €24,222 (-96.3%), from €25,163 to €941
- Write-downs +€23,696
new in 2025: €23,696
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 | €1,960,355 | €872,550 | -€1.1m | -55.5% |
| Fixed assets | 21/28 | €173,743 | €227,059 | +€53,316 | +30.7% |
| Tangible fixed assets | 22/27 | €92,331 | €83,707 | -€8,624 | -9.3% |
| Land and buildings | 22 | €92,331 | €83,707 | -€8,624 | -9.3% |
| Plant, machinery and equipment | 23 | €0 | - | = | |
| Financial fixed assets | 28 | €81,412 | €143,352 | +€61,940 | +76.1% |
| Current assets | 29/58 | €1,786,612 | €645,491 | -€1.1m | -63.9% |
| Stocks and contracts in progress | 3 | €29,319 | €68,804 | +€39,485 | +135% |
| Stocks | 30/36 | €29,319 | €68,804 | +€39,485 | +135% |
| Amounts receivable within one year | 40/41 | €1,717,759 | €453,921 | -€1.3m | -73.6% |
| Trade receivables | 40 | €398,002 | €452,562 | +€54,560 | +13.7% |
| Other amounts receivable | 41 | €1,319,757 | €1,358 | -€1.3m | -99.9% |
| Cash at bank and in hand | 54/58 | €28,964 | €118,239 | +€89,275 | +308% |
| Deferred charges and accrued income | 490/1 | €10,570 | €4,528 | -€6,042 | -57.2% |
| Total equity and liabilities | 10/49 | €1,960,355 | €872,550 | -€1.1m | -55.5% |
| Equity | 10/15 | €1,259,155 | €313,699 | -€945,457 | -75.1% |
| Contributions | 10/11 | €312,600 | €312,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | €946,555 | €1,099 | -€945,457 | -99.9% |
| Amounts payable | 17/49 | €701,199 | €558,851 | -€142,348 | -20.3% |
| Amounts payable after more than one year | 17 | €424,684 | - | -€424,684 | |
| Financial debts | 170/4 | €424,684 | - | -€424,684 | |
| Amounts payable within one year | 42/48 | €276,515 | €558,782 | +€282,266 | +102% |
| Trade debts | 44 | €101,451 | €54,133 | -€47,318 | -46.6% |
| Suppliers | 440/4 | €101,451 | €54,133 | -€47,318 | -46.6% |
| Taxes, remuneration and social security | 45 | €175,064 | €284,892 | +€109,828 | +62.7% |
| Taxes | 450/3 | €123,266 | €205,992 | +€82,726 | +67.1% |
| Remuneration and social security | 454/9 | €51,798 | €78,900 | +€27,102 | +52.3% |
| Other amounts payable | 47/48 | - | €219,757 | +€219,757 | |
| Accrued charges and deferred income | 492/3 | - | €69 | +€69 | |
| Non-recurring operating income | 76A | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €564,887 | €766,004 | +€201,117 | +35.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €28,320 | €8,624 | -€19,696 | -69.5% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €23,696 | +€23,696 | |
| Other operating charges | 640/8 | €3,516 | €2,293 | -€1,223 | -34.8% |
| Non-recurring operating charges | 66A | €4,606 | €58,734 | +€54,128 | +1,175% |
| Gross operating margin | 9900 | €1,043,841 | €1,130,002 | +€86,161 | +8.3% |
| Operating profit (loss) | 9901 | €442,512 | €270,652 | -€171,860 | -38.8% |
| Financial income | 75/76B | €25,163 | €941 | -€24,222 | -96.3% |
| Recurring financial income | 75 | €25,163 | €941 | -€24,222 | -96.3% |
| Financial charges | 65/66B | €23,985 | €7,584 | -€16,402 | -68.4% |
| Recurring financial charges | 65 | €23,985 | €7,584 | -€16,402 | -68.4% |
| Profit (loss) for the period before taxes | 9903 | €443,689 | €264,009 | -€179,680 | -40.5% |
| Income taxes | 67/77 | €116,771 | €79,466 | -€37,305 | -31.9% |
| Profit (loss) for the period | 9904 | €326,919 | €184,543 | -€142,375 | -43.6% |
| Profit (loss) for the period to be appropriated | 9905 | €326,919 | €184,543 | -€142,375 | -43.6% |
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 22 October 2026 via checked.be.