SMEETS K.: 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 K.
Largest movements
- Cash +€209,302
up €209,302 (+46.2%), from €453,150 to €662,452
mainly Net result for the year (+€265,157) and Other debts (+€120,608)
- Tangible fixed assets -€54,481
down €54,481 (-33.6%), from €161,993 to €107,512
of which Plant, machinery and equipment: -€37,527
- Other debts +€120,608
up €120,608 (+157.8%), from €76,452 to €197,060
- Reserves +€82,000
up €82,000 (+6.9%), from €1.2m to €1.3m
- Trade debts -€39,710
down €39,710 (-73.9%), from €53,700 to €13,990
- Gross operating margin -€94,712
down €94,712 (-16.7%), from €568,041 to €473,330
- Staff costs -€45,893
down €45,893 (-47.3%), from €97,068 to €51,175
- Taxes -€13,267
down €13,267 (-9.9%), from €133,847 to €120,580
- Depreciation -€9,461
down €9,461 (-20.1%), from €47,175 to €37,714
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 | €1,425,741 | €1,585,201 | +€159,460 | +11.2% |
| Fixed assets | 21/28 | €161,993 | €107,512 | -€54,481 | -33.6% |
| Tangible fixed assets | 22/27 | €161,993 | €107,512 | -€54,481 | -33.6% |
| Plant, machinery and equipment | 23 | €144,832 | €107,304 | -€37,527 | -25.9% |
| Furniture and vehicles | 24 | €17,161 | €207 | -€16,954 | -98.8% |
| Current assets | 29/58 | €1,263,748 | €1,477,689 | +€213,942 | +16.9% |
| Amounts receivable after more than one year | 29 | €400,000 | €400,000 | = | 0.0% |
| Other amounts receivable | 291 | €400,000 | €400,000 | = | 0.0% |
| Current investments | 50/53 | €405,293 | €408,697 | +€3,404 | +0.8% |
| Cash at bank and in hand | 54/58 | €453,150 | €662,452 | +€209,302 | +46.2% |
| Deferred charges and accrued income | 490/1 | €5,305 | €6,540 | +€1,235 | +23.3% |
| Total equity and liabilities | 10/49 | €1,425,741 | €1,585,201 | +€159,460 | +11.2% |
| Equity | 10/15 | €1,254,390 | €1,336,546 | +€82,157 | +6.5% |
| Contributions | 10/11 | €37,200 | €37,200 | = | 0.0% |
| Reserves | 13 | €1,185,720 | €1,267,720 | +€82,000 | +6.9% |
| Distributable reserves | 133 | €1,185,720 | €1,267,720 | +€82,000 | +6.9% |
| Profit (loss) carried forward | 14 | €31,470 | €31,626 | +€157 | +0.5% |
| Amounts payable | 17/49 | €171,351 | €248,655 | +€77,303 | +45.1% |
| Amounts payable within one year | 42/48 | €171,351 | €248,655 | +€77,303 | +45.1% |
| Trade debts | 44 | €53,700 | €13,990 | -€39,710 | -73.9% |
| Suppliers | 440/4 | €53,700 | €13,990 | -€39,710 | -73.9% |
| Taxes, remuneration and social security | 45 | €41,199 | €37,604 | -€3,594 | -8.7% |
| Taxes | 450/3 | €27,127 | €32,008 | +€4,881 | +18.0% |
| Remuneration and social security | 454/9 | €14,072 | €5,597 | -€8,475 | -60.2% |
| Other amounts payable | 47/48 | €76,452 | €197,060 | +€120,608 | +157.8% |
| Non-recurring operating income | 76A | €0 | €14,424 | +€14,424 | |
| Remuneration, social security and pensions | 62 | €97,068 | €51,175 | -€45,893 | -47.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €47,175 | €37,714 | -€9,461 | -20.1% |
| Other operating charges | 640/8 | €6,556 | €1,886 | -€4,670 | -71.2% |
| Gross operating margin | 9900 | €568,041 | €473,330 | -€94,712 | -16.7% |
| Operating profit (loss) | 9901 | €417,242 | €382,554 | -€34,688 | -8.3% |
| Financial income | 75/76B | €7,932 | €4,865 | -€3,067 | -38.7% |
| Recurring financial income | 75 | €7,932 | €4,865 | -€3,067 | -38.7% |
| Financial charges | 65/66B | €304 | €1,683 | +€1,379 | +454.0% |
| Recurring financial charges | 65 | €304 | €1,683 | +€1,379 | +454.0% |
| Profit (loss) for the period before taxes | 9903 | €424,871 | €385,737 | -€39,134 | -9.2% |
| Income taxes | 67/77 | €133,847 | €120,580 | -€13,267 | -9.9% |
| Profit (loss) for the period | 9904 | €291,023 | €265,157 | -€25,866 | -8.9% |
| Profit (loss) for the period to be appropriated | 9905 | €291,023 | €265,157 | -€25,866 | -8.9% |
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 4 October 2026 via checked.be.