SMEETS IMPORT-EXPORT: 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 IMPORT-EXPORT
Largest movements
- Receivables within one year -€116,295
down €116,295 (-39.5%), from €294,478 to €178,183
of which Trade receivables: -€113,005
- Cash -€104,244
down €104,244 (-40.5%), from €257,580 to €153,335
mainly Trade debts (-€150,019) and Investment in fixed assets (net) (-€101,179)
- Tangible fixed assets +€49,639
up €49,639 (+33.2%), from €149,619 to €199,258
of which Furniture and vehicles: +€81,569
- Deferred charges and accrued income -€14,925
no longer reported in 2025 (was €14,925)
- Trade debts -€150,019
down €150,019 (-95.6%), from €156,867 to €6,848
- Current portion of long-term debt -€31,031
down €31,031 (-55.4%), from €56,031 to €25,000
- Debts after one year -€25,000
down €25,000 (-10.9%), from €229,584 to €204,584
- Short-term financial debts +€20,000
up €20,000 (+20.0%), from €100,000 to €120,000
- Other operating charges +€12,992
up €12,992 (+229.7%), from €5,656 to €18,649
- Financial income +€4,972
up €4,972 (+318.0%), from €1,564 to €6,536
- Taxes -€4,565
down €4,565 (-98.2%), from €4,647 to €82
- Gross operating margin +€2,580
up €2,580 (+1.9%), from €135,341 to €137,920
- Financial charges -€2,465
down €2,465 (-12.0%), from €20,602 to €18,137
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 | €857,720 | €665,322 | -€192,398 | -22.4% |
| Fixed assets | 21/28 | €151,062 | €200,702 | +€49,639 | +32.9% |
| Tangible fixed assets | 22/27 | €149,619 | €199,258 | +€49,639 | +33.2% |
| Land and buildings | 22 | €135,937 | €105,313 | -€30,625 | -22.5% |
| Plant, machinery and equipment | 23 | €4,756 | €3,451 | -€1,305 | -27.4% |
| Furniture and vehicles | 24 | €8,926 | €90,495 | +€81,569 | +913.8% |
| Financial fixed assets | 28 | €1,443 | €1,443 | = | 0.0% |
| Current assets | 29/58 | €706,657 | €464,621 | -€242,037 | -34.3% |
| Stocks and contracts in progress | 3 | €139,674 | €133,102 | -€6,572 | -4.7% |
| Stocks | 30/36 | €139,674 | €133,102 | -€6,572 | -4.7% |
| Amounts receivable within one year | 40/41 | €294,478 | €178,183 | -€116,295 | -39.5% |
| Trade receivables | 40 | €255,927 | €142,922 | -€113,005 | -44.2% |
| Other amounts receivable | 41 | €38,552 | €35,261 | -€3,291 | -8.5% |
| Cash at bank and in hand | 54/58 | €257,580 | €153,335 | -€104,244 | -40.5% |
| Deferred charges and accrued income | 490/1 | €14,925 | - | -€14,925 | |
| Total equity and liabilities | 10/49 | €857,720 | €665,322 | -€192,398 | -22.4% |
| Equity | 10/15 | €191,468 | €193,646 | +€2,178 | +1.1% |
| Contributions | 10/11 | €40,000 | €40,000 | = | 0.0% |
| Reserves | 13 | €151,468 | €153,646 | +€2,178 | +1.4% |
| Distributable reserves | 133 | €151,468 | €153,646 | +€2,178 | +1.4% |
| Amounts payable | 17/49 | €666,252 | €471,676 | -€194,575 | -29.2% |
| Amounts payable after more than one year | 17 | €229,584 | €204,584 | -€25,000 | -10.9% |
| Financial debts | 170/4 | €229,584 | €204,584 | -€25,000 | -10.9% |
| Amounts payable within one year | 42/48 | €426,172 | €257,113 | -€169,059 | -39.7% |
| Current portion of amounts payable after more than one year | 42 | €56,031 | €25,000 | -€31,031 | -55.4% |
| Financial debts | 43 | €100,000 | €120,000 | +€20,000 | +20.0% |
| Credit institutions | 430/8 | €100,000 | €120,000 | +€20,000 | +20.0% |
| Trade debts | 44 | €156,867 | €6,848 | -€150,019 | -95.6% |
| Suppliers | 440/4 | €156,867 | €6,848 | -€150,019 | -95.6% |
| Taxes, remuneration and social security | 45 | €20,806 | €14,131 | -€6,675 | -32.1% |
| Taxes | 450/3 | €9,491 | €4,157 | -€5,333 | -56.2% |
| Remuneration and social security | 454/9 | €11,316 | €9,974 | -€1,342 | -11.9% |
| Other amounts payable | 47/48 | €92,468 | €91,134 | -€1,334 | -1.4% |
| Accrued charges and deferred income | 492/3 | €10,496 | €9,980 | -€516 | -4.9% |
| Non-recurring operating income | 76A | - | €13,293 | +€13,293 | |
| Remuneration, social security and pensions | 62 | €51,532 | €53,872 | +€2,340 | +4.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €50,566 | €51,539 | +€973 | +1.9% |
| Other operating charges | 640/8 | €5,656 | €18,649 | +€12,992 | +229.7% |
| Gross operating margin | 9900 | €135,341 | €137,920 | +€2,580 | +1.9% |
| Operating profit (loss) | 9901 | €27,586 | €13,860 | -€13,726 | -49.8% |
| Financial income | 75/76B | €1,564 | €6,536 | +€4,972 | +318.0% |
| Recurring financial income | 75 | €1,564 | €6,536 | +€4,972 | +318.0% |
| Financial charges | 65/66B | €20,602 | €18,137 | -€2,465 | -12.0% |
| Recurring financial charges | 65 | €20,602 | €18,137 | -€2,465 | -12.0% |
| Profit (loss) for the period before taxes | 9903 | €8,547 | €2,259 | -€6,288 | -73.6% |
| Income taxes | 67/77 | €4,647 | €82 | -€4,565 | -98.2% |
| Profit (loss) for the period | 9904 | €3,900 | €2,178 | -€1,723 | -44.2% |
| Profit (loss) for the period to be appropriated | 9905 | €3,900 | €2,178 | -€1,723 | -44.2% |
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 7 October 2026 via checked.be.