Smeets Eric: 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 Eric
Largest movements
- Receivables within one year -€5,564
down €5,564 (-48.1%), from €11,557 to €5,993
of which Trade receivables: -€6,279
- Stocks and contracts +€1,740
up €1,740 (+107.3%), from €1,622 to €3,362
- Tangible fixed assets -€1,502
down €1,502 (-56.4%), from €2,662 to €1,160
of which Plant, machinery and equipment: -€1,334
- Cash +€410
up €410 (+6.5%), from €6,348 to €6,758
mainly Receivables within one year (+€5,564) and Other debts (+€3,309)
- Profit (loss) carried forward -€7,480
down €7,480 (-18.2%), from -€41,118 to -€48,598
- Other debts +€3,309
up €3,309 (+18.5%), from €17,888 to €21,197
- Trade debts -€1,896
down €1,896 (-27.3%), from €6,949 to €5,053
- Tax, wage and social debts +€1,152
up €1,152 (+86.3%), from €1,334 to €2,486
- Gross operating margin +€7,517
up €7,517 (+59.4%), from -€12,649 to -€5,132
- Depreciation -€219
down €219 (-12.7%), from €1,722 to €1,502
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 | €24,889 | €19,973 | -€4,916 | -19.8% |
| Fixed assets | 21/28 | €5,362 | €3,860 | -€1,502 | -28.0% |
| Tangible fixed assets | 22/27 | €2,662 | €1,160 | -€1,502 | -56.4% |
| Land and buildings | 22 | - | €0 | = | |
| Plant, machinery and equipment | 23 | €2,494 | €1,160 | -€1,334 | -53.5% |
| Furniture and vehicles | 24 | €169 | €0 | -€169 | -100.0% |
| Financial fixed assets | 28 | €2,700 | €2,700 | = | 0.0% |
| Current assets | 29/58 | €19,527 | €16,113 | -€3,414 | -17.5% |
| Stocks and contracts in progress | 3 | €1,622 | €3,362 | +€1,740 | +107.3% |
| Stocks | 30/36 | €1,622 | €3,362 | +€1,740 | +107.3% |
| Amounts receivable within one year | 40/41 | €11,557 | €5,993 | -€5,564 | -48.1% |
| Trade receivables | 40 | €10,940 | €4,661 | -€6,279 | -57.4% |
| Other amounts receivable | 41 | €617 | €1,332 | +€716 | +116.0% |
| Cash at bank and in hand | 54/58 | €6,348 | €6,758 | +€410 | +6.5% |
| Total equity and liabilities | 10/49 | €24,889 | €19,973 | -€4,916 | -19.8% |
| Equity | 10/15 | -€1,282 | -€8,762 | -€7,480 | -583.5% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €21,236 | €21,236 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,687 | €1,687 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,687 | €1,687 | = | 0.0% |
| Distributable reserves | 133 | €19,549 | €19,549 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€41,118 | -€48,598 | -€7,480 | -18.2% |
| Amounts payable | 17/49 | €26,171 | €28,735 | +€2,564 | +9.8% |
| Amounts payable within one year | 42/48 | €26,171 | €28,735 | +€2,564 | +9.8% |
| Trade debts | 44 | €6,949 | €5,053 | -€1,896 | -27.3% |
| Suppliers | 440/4 | €6,949 | €5,053 | -€1,896 | -27.3% |
| Taxes, remuneration and social security | 45 | €1,334 | €2,486 | +€1,152 | +86.3% |
| Taxes | 450/3 | €1,334 | €2,486 | +€1,152 | +86.3% |
| Other amounts payable | 47/48 | €17,888 | €21,197 | +€3,309 | +18.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,722 | €1,502 | -€219 | -12.7% |
| Other operating charges | 640/8 | €699 | €678 | -€21 | -3.0% |
| Gross operating margin | 9900 | -€12,649 | -€5,132 | +€7,517 | +59.4% |
| Operating profit (loss) | 9901 | -€15,070 | -€7,313 | +€7,757 | +51.5% |
| Financial income | 75/76B | €1 | €6 | +€5 | +756.5% |
| Recurring financial income | 75 | €1 | €6 | +€5 | +756.5% |
| Financial charges | 65/66B | €127 | €154 | +€27 | +21.3% |
| Recurring financial charges | 65 | €127 | €154 | +€27 | +21.3% |
| Profit (loss) for the period before taxes | 9903 | -€15,196 | -€7,461 | +€7,735 | +50.9% |
| Income taxes | 67/77 | - | €19 | +€19 | |
| Profit (loss) for the period | 9904 | -€15,196 | -€7,480 | +€7,716 | +50.8% |
| Profit (loss) for the period to be appropriated | 9905 | -€15,196 | -€7,480 | +€7,716 | +50.8% |
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.