SMEETS AGRI: what changed
What changed
SMEETS AGRI
NACE 46.382, Wholesale trade
filed annual accounts (NBB)
Net result for the year
€621,095
2024 · €561,113+€59,982
Equity
€2.5m
2024 · €2.4m+€145,988
Cash
€433,173
2024 · €351,539+€81,634
Balance sheet total
€5.3m
2024 · €4.7m+€587,133
Largest movements
Assets
- Current investments +€750,000
up €750,000 (+30.0%), from €2.5m to €3.3m
- Receivables within one year -€290,123
down €290,123 (-43.7%), from €663,757 to €373,634
of which Trade receivables: -€253,258
- Cash +€81,634
up €81,634 (+23.2%), from €351,539 to €433,173
mainly Net result for the year (+€621,095) and Other debts (+€406,696)
Equity and liabilities
- Other debts +€406,696
up €406,696 (+308%), from €131,958 to €538,653
- Reserves +€145,988
up €145,988 (+6.4%), from €2.3m to €2.4m
of which Distributable reserves: +€145,988
Income statement
- Financial charges -€91,249
down €91,249 (-24.9%), from €366,600 to €275,351
- Financial income -€59,771
down €59,771 (-16.2%), from €369,807 to €310,036
- Staff costs -€42,896
down €42,896 (-26.4%), from €162,377 to €119,480
- Taxes +€19,573
up €19,573 (+7.6%), from €258,121 to €277,694
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€561,113
Gross operating margin
+€4,828
Staff costs
+€42,896
Depreciation
-€2,370
Other operating charges
+€2,722
Financial income
-€59,771
Financial charges
+€91,249
Taxes
-€19,573
Result 2025
€621,095
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€1.5m
Investment
-€948,889
Financing
-€459,802
Cash 2024
€351,539
From operations (derived)
+€1.5m
Net result for the year
+€621,095
Depreciation
+€173,234
Stocks and contracts
-€22,530
Receivables within one year
+€290,123
Deferred charges and accrued income
+€2,562
Trade debts
+€26,748
Tax, wage and social debts
-€7,603
Other debts
+€406,696
Investment (derived)
-€948,889
Investment in fixed assets (net)
-€198,889
Current investments
-€750,000
Financing
-€459,802
Short-term financial debts
+€15,306
Contributions, distributions and other
-€475,107
Cash 2025
€433,173
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €4,695,954 | €5,283,087 | +€587,133 | +12.5% |
| Fixed assets | 21/28 | €496,265 | €521,920 | +€25,655 | +5.2% |
| Intangible fixed assets | 21 | €8,272 | €5,511 | -€2,761 | -33.4% |
| Tangible fixed assets | 22/27 | €487,993 | €516,409 | +€28,416 | +5.8% |
| Land and buildings | 22 | €247,177 | €208,528 | -€38,649 | -15.6% |
| Plant, machinery and equipment | 23 | €55,700 | €25,462 | -€30,238 | -54.3% |
| Furniture and vehicles | 24 | €185,116 | €282,418 | +€97,303 | +52.6% |
| Current assets | 29/58 | €4,199,689 | €4,761,168 | +€561,479 | +13.4% |
| Stocks and contracts in progress | 3 | €674,994 | €697,524 | +€22,530 | +3.3% |
| Stocks | 30/36 | €674,994 | €697,524 | +€22,530 | +3.3% |
| Amounts receivable within one year | 40/41 | €663,757 | €373,634 | -€290,123 | -43.7% |
| Trade receivables | 40 | €478,897 | €225,639 | -€253,258 | -52.9% |
| Other amounts receivable | 41 | €184,860 | €147,995 | -€36,865 | -19.9% |
| Current investments | 50/53 | €2,500,000 | €3,250,000 | +€750,000 | +30.0% |
| Cash at bank and in hand | 54/58 | €351,539 | €433,173 | +€81,634 | +23.2% |
| Deferred charges and accrued income | 490/1 | €9,399 | €6,837 | -€2,562 | -27.3% |
| Total equity and liabilities | 10/49 | €4,695,954 | €5,283,087 | +€587,133 | +12.5% |
| Equity | 10/15 | €2,377,358 | €2,523,346 | +€145,988 | +6.1% |
| Contributions | 10/11 | €100,000 | €100,000 | = | 0.0% |
| Capital | 10 | €100,000 | €100,000 | = | 0.0% |
| Issued capital | 100 | €100,000 | €100,000 | = | 0.0% |
| Reserves | 13 | €2,277,024 | €2,423,011 | +€145,988 | +6.4% |
| Non-distributable reserves | 130/1 | €10,000 | €10,000 | = | 0.0% |
| Legal reserve | 130 | €10,000 | €10,000 | = | 0.0% |
| Distributable reserves | 133 | €2,267,024 | €2,413,011 | +€145,988 | +6.4% |
| Profit (loss) carried forward | 14 | €334 | €334 | = | 0.0% |
| Amounts payable | 17/49 | €2,318,596 | €2,759,741 | +€441,146 | +19.0% |
| Amounts payable within one year | 42/48 | €2,318,596 | €2,759,741 | +€441,146 | +19.0% |
| Financial debts | 43 | €22,991 | €38,296 | +€15,306 | +66.6% |
| Credit institutions | 430/8 | €22,991 | €38,296 | +€15,306 | +66.6% |
| Trade debts | 44 | €2,071,248 | €2,097,996 | +€26,748 | +1.3% |
| Suppliers | 440/4 | €2,071,248 | €2,097,996 | +€26,748 | +1.3% |
| Advances received on contracts in progress | 46 | €0 | - | = | |
| Taxes, remuneration and social security | 45 | €92,399 | €84,796 | -€7,603 | -8.2% |
| Taxes | 450/3 | €55,448 | €60,194 | +€4,746 | +8.6% |
| Remuneration and social security | 454/9 | €36,951 | €24,602 | -€12,349 | -33.4% |
| Other amounts payable | 47/48 | €131,958 | €538,653 | +€406,696 | +308% |
| Non-recurring operating income | 76A | - | €17,000 | +€17,000 | |
| Remuneration, social security and pensions | 62 | €162,377 | €119,480 | -€42,896 | -26.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €170,864 | €173,234 | +€2,370 | +1.4% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €0 | - | = | |
| Other operating charges | 640/8 | €4,525 | €1,803 | -€2,722 | -60.1% |
| Gross operating margin | 9900 | €1,153,793 | €1,158,621 | +€4,828 | +0.4% |
| Operating profit (loss) | 9901 | €816,027 | €864,103 | +€48,076 | +5.9% |
| Financial income | 75/76B | €369,807 | €310,036 | -€59,771 | -16.2% |
| Recurring financial income | 75 | €369,807 | €310,036 | -€59,771 | -16.2% |
| Financial charges | 65/66B | €366,600 | €275,351 | -€91,249 | -24.9% |
| Recurring financial charges | 65 | €366,600 | €275,351 | -€91,249 | -24.9% |
| Profit (loss) for the period before taxes | 9903 | €819,234 | €898,789 | +€79,555 | +9.7% |
| Transfer from deferred taxes | 780 | €0 | - | = | |
| Income taxes | 67/77 | €258,121 | €277,694 | +€19,573 | +7.6% |
| Profit (loss) for the period | 9904 | €561,113 | €621,095 | +€59,982 | +10.7% |
| Profit (loss) for the period to be appropriated | 9905 | €561,113 | €621,095 | +€59,982 | +10.7% |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 7 November 2026 via checked.be.