SMEETS: 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.
SMEETS
Largest movements
- Current investments +€99,201
up €99,201 (+168%), from €58,910 to €158,111
- Cash +€10,789
up €10,789 (+10.7%), from €100,842 to €111,631
mainly Net result for the year (+€95,626) and Other debts (+€31,109)
- Receivables within one year -€9,189
down €9,189 (-39.0%), from €23,560 to €14,371
of which Other amounts receivable: -€9,892
- Reserves +€64,871
up €64,871 (+26.9%), from €241,522 to €306,393
of which Distributable reserves: +€66,730
- Other debts +€31,109
up €31,109 (+7,460%), from €417 to €31,526
- Tax, wage and social debts +€5,650
up €5,650 (+242%), from €2,339 to €7,989
- Gross operating margin +€25,919
up €25,919 (+21.0%), from €123,626 to €149,545
- Taxes +€17,514
up €17,514 (+49.3%), from €35,502 to €53,016
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 | €250,736 | €352,610 | +€101,874 | +40.6% |
| Fixed assets | 21/28 | €66,362 | €66,362 | = | 0.0% |
| Tangible fixed assets | 22/27 | €66,362 | €66,362 | = | 0.0% |
| Land and buildings | 22 | €66,362 | €66,362 | = | 0.0% |
| Current assets | 29/58 | €184,374 | €286,248 | +€101,874 | +55.3% |
| Amounts receivable within one year | 40/41 | €23,560 | €14,371 | -€9,189 | -39.0% |
| Trade receivables | 40 | €13,668 | €14,371 | +€703 | +5.1% |
| Other amounts receivable | 41 | €9,892 | - | -€9,892 | |
| Current investments | 50/53 | €58,910 | €158,111 | +€99,201 | +168% |
| Cash at bank and in hand | 54/58 | €100,842 | €111,631 | +€10,789 | +10.7% |
| Deferred charges and accrued income | 490/1 | €1,062 | €2,135 | +€1,073 | +101% |
| Total equity and liabilities | 10/49 | €250,736 | €352,610 | +€101,874 | +40.6% |
| Equity | 10/15 | €247,722 | €312,593 | +€64,871 | +26.2% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €241,522 | €306,393 | +€64,871 | +26.9% |
| Non-distributable reserves | 130/1 | €1,859 | - | -€1,859 | |
| Reserves not available under the articles | 1311 | €1,859 | - | -€1,859 | |
| Distributable reserves | 133 | €239,663 | €306,393 | +€66,730 | +27.8% |
| Amounts payable | 17/49 | €3,014 | €40,017 | +€37,003 | +1,228% |
| Amounts payable within one year | 42/48 | €3,014 | €40,017 | +€37,003 | +1,228% |
| Trade debts | 44 | €258 | €502 | +€244 | +94.6% |
| Suppliers | 440/4 | €258 | €502 | +€244 | +94.6% |
| Taxes, remuneration and social security | 45 | €2,339 | €7,989 | +€5,650 | +242% |
| Taxes | 450/3 | €2,339 | €7,989 | +€5,650 | +242% |
| Other amounts payable | 47/48 | €417 | €31,526 | +€31,109 | +7,460% |
| Other operating charges | 640/8 | €2,140 | €2,287 | +€147 | +6.9% |
| Gross operating margin | 9900 | €123,626 | €149,545 | +€25,919 | +21.0% |
| Operating profit (loss) | 9901 | €121,486 | €147,258 | +€25,772 | +21.2% |
| Financial income | 75/76B | €1,095 | €1,634 | +€539 | +49.2% |
| Recurring financial income | 75 | €1,095 | €1,634 | +€539 | +49.2% |
| Financial charges | 65/66B | €584 | €250 | -€334 | -57.2% |
| Recurring financial charges | 65 | €584 | €250 | -€334 | -57.2% |
| Profit (loss) for the period before taxes | 9903 | €121,997 | €148,642 | +€26,645 | +21.8% |
| Income taxes | 67/77 | €35,502 | €53,016 | +€17,514 | +49.3% |
| Profit (loss) for the period | 9904 | €86,495 | €95,626 | +€9,131 | +10.6% |
| Profit (loss) for the period to be appropriated | 9905 | €86,495 | €95,626 | +€9,131 | +10.6% |
Source: filed annual accounts (NBB), financial years ended 30 April 2024 and 30 April 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 14 October 2026 via checked.be.