SMEETS FILIP: 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 FILIP
Largest movements
- Cash +€179,363
up €179,363 (+1,618%), from €11,084 to €190,447
mainly Debts after one year (+€110,295) and Net result for the year (+€70,037)
- Tangible fixed assets -€15,776
down €15,776 (-6.3%), from €250,436 to €234,660
of which Furniture and vehicles: -€10,833
- Current investments +€9,998
up €9,998 (+16.8%), from €59,399 to €69,398
- Debts after one year +€110,295
up €110,295 (+820%), from €13,455 to €123,750
- Reserves +€70,037
up €70,037 (+14.4%), from €486,399 to €556,436
- Short-term financial debts -€9,680
down €9,680 (-100%), from €9,680 to €0
of which Other loans: -€9,680
- Financial income -€347,857
down €347,857 (-86.5%), from €401,918 to €54,061
of which Financial income: -€255,456
- Depreciation -€8,678
down €8,678 (-35.5%), from €24,455 to €15,776
- Gross operating margin -€8,145
down €8,145 (-14.9%), from €54,530 to €46,385
- Financial charges +€1,987
up €1,987 (+90.9%), from €2,187 to €4,173
- Taxes +€1,234
up €1,234 (+15.7%), from €7,843 to €9,076
From the 2025 result to the 2026 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 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €544,791 | €711,488 | +€166,697 | +30.6% |
| Fixed assets | 21/28 | €439,778 | €424,102 | -€15,676 | -3.6% |
| Tangible fixed assets | 22/27 | €250,436 | €234,660 | -€15,776 | -6.3% |
| Land and buildings | 22 | €230,723 | €225,780 | -€4,943 | -2.1% |
| Furniture and vehicles | 24 | €19,713 | €8,880 | -€10,833 | -55.0% |
| Financial fixed assets | 28 | €189,342 | €189,442 | +€100 | +0.1% |
| Current assets | 29/58 | €105,013 | €287,386 | +€182,374 | +174% |
| Amounts receivable after more than one year | 29 | €18,260 | €13,280 | -€4,980 | -27.3% |
| Other amounts receivable | 291 | €18,260 | €13,280 | -€4,980 | -27.3% |
| Amounts receivable within one year | 40/41 | €13,152 | €13,117 | -€36 | -0.3% |
| Trade receivables | 40 | €8,000 | €8,000 | = | 0.0% |
| Other amounts receivable | 41 | €5,152 | €5,117 | -€36 | -0.7% |
| Current investments | 50/53 | €59,399 | €69,398 | +€9,998 | +16.8% |
| Cash at bank and in hand | 54/58 | €11,084 | €190,447 | +€179,363 | +1,618% |
| Deferred charges and accrued income | 490/1 | €3,117 | €1,145 | -€1,973 | -63.3% |
| Total equity and liabilities | 10/49 | €544,791 | €711,488 | +€166,697 | +30.6% |
| Equity | 10/15 | €489,399 | €559,436 | +€70,037 | +14.3% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €486,399 | €556,436 | +€70,037 | +14.4% |
| Distributable reserves | 133 | €486,399 | €556,436 | +€70,037 | +14.4% |
| Amounts payable | 17/49 | €55,392 | €152,052 | +€96,660 | +175% |
| Amounts payable after more than one year | 17 | €13,455 | €123,750 | +€110,295 | +820% |
| Financial debts | 170/4 | €13,455 | €123,750 | +€110,295 | +820% |
| Amounts payable within one year | 42/48 | €41,937 | €28,302 | -€13,635 | -32.5% |
| Current portion of amounts payable after more than one year | 42 | €21,837 | €15,000 | -€6,837 | -31.3% |
| Financial debts | 43 | €9,680 | €0 | -€9,680 | -100% |
| Credit institutions | 430/8 | €0 | - | = | |
| Other loans | 439 | €9,680 | €0 | -€9,680 | -100% |
| Trade debts | 44 | €200 | €3,222 | +€3,021 | +1,509% |
| Suppliers | 440/4 | €200 | €3,222 | +€3,021 | +1,509% |
| Taxes, remuneration and social security | 45 | €10,219 | €10,080 | -€139 | -1.4% |
| Taxes | 450/3 | €8,719 | €8,188 | -€531 | -6.1% |
| Remuneration and social security | 454/9 | €1,500 | €1,892 | +€392 | +26.1% |
| Other amounts payable | 47/48 | €0 | - | = | |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €24,455 | €15,776 | -€8,678 | -35.5% |
| Other operating charges | 640/8 | €327 | €1,383 | +€1,056 | +323% |
| Gross operating margin | 9900 | €54,530 | €46,385 | -€8,145 | -14.9% |
| Operating profit (loss) | 9901 | €29,749 | €29,226 | -€523 | -1.8% |
| Financial income | 75/76B | €401,918 | €54,061 | -€347,857 | -86.5% |
| Recurring financial income | 75 | €309,517 | €54,061 | -€255,456 | -82.5% |
| Non-recurring financial income | 76B | €92,401 | €0 | -€92,401 | -100% |
| Financial charges | 65/66B | €2,187 | €4,173 | +€1,987 | +90.9% |
| Recurring financial charges | 65 | €2,187 | €4,173 | +€1,987 | +90.9% |
| Profit (loss) for the period before taxes | 9903 | €429,480 | €79,114 | -€350,367 | -81.6% |
| Income taxes | 67/77 | €7,843 | €9,076 | +€1,234 | +15.7% |
| Profit (loss) for the period | 9904 | €421,638 | €70,037 | -€351,600 | -83.4% |
| Profit (loss) for the period to be appropriated | 9905 | €421,638 | €70,037 | -€351,600 | -83.4% |
Source: filed annual accounts (NBB), financial years ended 31 March 2025 and 31 March 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 28 October 2026 via checked.be.