Smeets Farma: 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 Farma
Largest movements
- Receivables within one year -€89,293
down €89,293 (-31.5%), from €283,905 to €194,612
of which Trade receivables: -€89,007
- Intangible fixed assets -€44,748
no longer reported in 2025 (was €44,748)
- Tangible fixed assets +€28,932
up €28,932 (+95.5%), from €30,285 to €59,217
of which Land and buildings: +€48,515
- Cash -€12,433
down €12,433 (-4.4%), from €282,933 to €270,500
mainly Trade debts (-€46,331) and Other debts (-€44,231)
- Trade debts -€46,331
down €46,331 (-99.8%), from €46,428 to €97
- Other debts -€44,231
down €44,231 (-37.4%), from €118,202 to €73,972
- Reserves -€20,008
down €20,008 (-4.5%), from €447,211 to €427,203
of which Distributable reserves: -€20,008
- Accrued charges and deferred income -€7,307
no longer reported in 2025 (was €7,307)
- Gross operating margin -€364,752
down €364,752, from €363,900 to -€853
- Taxes -€98,060
down €98,060 (-99.8%), from €98,244 to €184
- Financial charges -€14,186
down €14,186 (-96.4%), from €14,714 to €528
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 | €644,116 | €526,110 | -€118,005 | -18.3% |
| Fixed assets | 21/28 | €75,033 | €59,217 | -€15,815 | -21.1% |
| Intangible fixed assets | 21 | €44,748 | - | -€44,748 | |
| Tangible fixed assets | 22/27 | €30,285 | €59,217 | +€28,932 | +95.5% |
| Land and buildings | 22 | - | €48,515 | +€48,515 | |
| Plant, machinery and equipment | 23 | €21,983 | €6,928 | -€15,055 | -68.5% |
| Furniture and vehicles | 24 | €2,960 | €638 | -€2,322 | -78.4% |
| Other tangible fixed assets | 26 | €5,342 | €3,136 | -€2,206 | -41.3% |
| Current assets | 29/58 | €569,083 | €466,893 | -€102,190 | -18.0% |
| Amounts receivable within one year | 40/41 | €283,905 | €194,612 | -€89,293 | -31.5% |
| Trade receivables | 40 | €283,545 | €194,538 | -€89,007 | -31.4% |
| Other amounts receivable | 41 | €359 | €74 | -€286 | -79.5% |
| Cash at bank and in hand | 54/58 | €282,933 | €270,500 | -€12,433 | -4.4% |
| Deferred charges and accrued income | 490/1 | €2,245 | €1,781 | -€465 | -20.7% |
| Total equity and liabilities | 10/49 | €644,116 | €526,110 | -€118,005 | -18.3% |
| Equity | 10/15 | €465,761 | €445,753 | -€20,008 | -4.3% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Reserves | 13 | €447,211 | €427,203 | -€20,008 | -4.5% |
| Non-distributable reserves | 130/1 | €1,855 | €1,855 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,855 | €1,855 | = | 0.0% |
| Distributable reserves | 133 | €445,356 | €425,348 | -€20,008 | -4.5% |
| Amounts payable | 17/49 | €178,355 | €80,357 | -€97,997 | -54.9% |
| Amounts payable within one year | 42/48 | €171,048 | €80,357 | -€90,691 | -53.0% |
| Trade debts | 44 | €46,428 | €97 | -€46,331 | -99.8% |
| Suppliers | 440/4 | €46,428 | €97 | -€46,331 | -99.8% |
| Taxes, remuneration and social security | 45 | €6,417 | €6,288 | -€129 | -2.0% |
| Taxes | 450/3 | €6,417 | €6,288 | -€129 | -2.0% |
| Other amounts payable | 47/48 | €118,202 | €73,972 | -€44,231 | -37.4% |
| Accrued charges and deferred income | 492/3 | €7,307 | - | -€7,307 | |
| Non-recurring operating income | 76A | €300,000 | - | -€300,000 | |
| Remuneration, social security and pensions | 62 | €2,532 | - | -€2,532 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,086 | €15,815 | +€730 | +4.8% |
| Other operating charges | 640/8 | €4,120 | €2,690 | -€1,431 | -34.7% |
| Non-recurring operating charges | 66A | €10,639 | - | -€10,639 | |
| Gross operating margin | 9900 | €363,900 | -€853 | -€364,752 | |
| Operating profit (loss) | 9901 | €331,523 | -€19,358 | -€350,881 | |
| Financial income | 75/76B | €2,081 | €61 | -€2,020 | -97.0% |
| Recurring financial income | 75 | €2,081 | €61 | -€2,020 | -97.0% |
| Financial charges | 65/66B | €14,714 | €528 | -€14,186 | -96.4% |
| Recurring financial charges | 65 | €14,714 | €528 | -€14,186 | -96.4% |
| Profit (loss) for the period before taxes | 9903 | €318,890 | -€19,824 | -€338,714 | |
| Income taxes | 67/77 | €98,244 | €184 | -€98,060 | -99.8% |
| Profit (loss) for the period | 9904 | €220,646 | -€20,008 | -€240,654 | |
| Profit (loss) for the period to be appropriated | 9905 | €220,646 | -€20,008 | -€240,654 |
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 26 October 2026 via checked.be.