SMEETS: 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.
SMEETS
Largest movements
- Receivables within one year -€10,507
down €10,507 (-68.3%), from €15,381 to €4,874
of which Trade receivables: -€9,743
- Tangible fixed assets -€3,680
down €3,680 (-42.1%), from €8,740 to €5,060
- Financial fixed assets +€2,500
up €2,500 (+13.8%), from €18,130 to €20,630
- Stocks and contracts +€1,667
up €1,667 (+25.8%), from €6,468 to €8,135
- Deferred charges and accrued income +€1,028
new in 2025: €1,028
- Profit (loss) carried forward +€20,009
up €20,009 (+9.1%), from -€219,502 to -€199,493
- Other debts -€18,310
down €18,310 (-9.8%), from €187,324 to €169,014
- Trade debts -€9,909
down €9,909 (-31.1%), from €31,900 to €21,992
- Tax, wage and social debts -€1,423
down €1,423 (-44.0%), from €3,235 to €1,812
- Gross operating margin +€19,801
up €19,801 (+157.1%), from €12,607 to €32,408
- Financial charges +€1,493
up €1,493 (+23.3%), from €6,401 to €7,894
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 | €49,255 | €39,929 | -€9,326 | -18.9% |
| Fixed assets | 21/28 | €26,870 | €25,690 | -€1,180 | -4.4% |
| Tangible fixed assets | 22/27 | €8,740 | €5,060 | -€3,680 | -42.1% |
| Plant, machinery and equipment | 23 | €8,740 | €5,060 | -€3,680 | -42.1% |
| Financial fixed assets | 28 | €18,130 | €20,630 | +€2,500 | +13.8% |
| Current assets | 29/58 | €22,386 | €14,239 | -€8,146 | -36.4% |
| Stocks and contracts in progress | 3 | €6,468 | €8,135 | +€1,667 | +25.8% |
| Stocks | 30/36 | €6,468 | €8,135 | +€1,667 | +25.8% |
| Amounts receivable within one year | 40/41 | €15,381 | €4,874 | -€10,507 | -68.3% |
| Trade receivables | 40 | €14,599 | €4,856 | -€9,743 | -66.7% |
| Other amounts receivable | 41 | €783 | €18 | -€764 | -97.6% |
| Cash at bank and in hand | 54/58 | €536 | €202 | -€334 | -62.3% |
| Deferred charges and accrued income | 490/1 | - | €1,028 | +€1,028 | |
| Total equity and liabilities | 10/49 | €49,255 | €39,929 | -€9,326 | -18.9% |
| Equity | 10/15 | -€199,502 | -€179,493 | +€20,009 | +10.0% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€219,502 | -€199,493 | +€20,009 | +9.1% |
| Amounts payable | 17/49 | €248,757 | €219,422 | -€29,335 | -11.8% |
| Amounts payable after more than one year | 17 | €25,000 | €25,000 | = | 0.0% |
| Financial debts | 170/4 | €25,000 | €25,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €223,757 | €194,422 | -€29,335 | -13.1% |
| Financial debts | 43 | €1,298 | €1,604 | +€306 | +23.6% |
| Other loans | 439 | €1,298 | €1,604 | +€306 | +23.6% |
| Trade debts | 44 | €31,900 | €21,992 | -€9,909 | -31.1% |
| Suppliers | 440/4 | €31,900 | €21,992 | -€9,909 | -31.1% |
| Taxes, remuneration and social security | 45 | €3,235 | €1,812 | -€1,423 | -44.0% |
| Taxes | 450/3 | €3,235 | €1,812 | -€1,423 | -44.0% |
| Other amounts payable | 47/48 | €187,324 | €169,014 | -€18,310 | -9.8% |
| Non-recurring operating income | 76A | - | €2,243 | +€2,243 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,798 | €4,527 | -€272 | -5.7% |
| Gross operating margin | 9900 | €12,607 | €32,408 | +€19,801 | +157.1% |
| Operating profit (loss) | 9901 | €7,809 | €27,881 | +€20,072 | +257.1% |
| Financial income | 75/76B | €41 | €22 | -€19 | -46.4% |
| Recurring financial income | 75 | €41 | €22 | -€19 | -46.4% |
| Financial charges | 65/66B | €6,401 | €7,894 | +€1,493 | +23.3% |
| Recurring financial charges | 65 | €6,401 | €7,894 | +€1,493 | +23.3% |
| Profit (loss) for the period before taxes | 9903 | €1,448 | €20,009 | +€18,561 | +1281.9% |
| Profit (loss) for the period | 9904 | €1,448 | €20,009 | +€18,561 | +1281.9% |
| Profit (loss) for the period to be appropriated | 9905 | €1,448 | €20,009 | +€18,561 | +1281.9% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.