SMEETS MANAGEMENT: 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 MANAGEMENT
Largest movements
- Cash -€10,423
down €10,423 (-97.4%), from €10,699 to €276
mainly Debts after one year (-€51,784) and Trade debts (-€8,746)
- Debts after one year -€51,784
down €51,784 (-11.9%), from €435,278 to €383,494
- Profit (loss) carried forward +€40,722
up €40,722 (+1,008%), from €4,039 to €44,761
- Trade debts -€8,746
down €8,746 (-64.1%), from €13,652 to €4,906
- Current portion of long-term debt +€5,936
up €5,936 (+13.0%), from €45,500 to €51,436
- Financial income +€39,973
up €39,973 (+44,802%), from €89 to €40,062
- Financial charges +€16,623
up €16,623 (+26,398%), from €63 to €16,686
- Gross operating margin +€14,936
up €14,936 (+259%), from €5,762 to €20,699
- Depreciation +€1,201
up €1,201 (+230%), from €521 to €1,722
- Other operating charges +€761
up €761 (+367%), from €207 to €969
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 | €504,796 | €490,702 | -€14,095 | -2.8% |
| Formation expenses | 20 | €1,564 | - | -€1,564 | |
| Fixed assets | 21/28 | €470,000 | €470,377 | +€377 | +0.1% |
| Tangible fixed assets | 22/27 | - | €377 | +€377 | |
| Land and buildings | 22 | - | €377 | +€377 | |
| Financial fixed assets | 28 | €470,000 | €470,000 | = | 0.0% |
| Current assets | 29/58 | €33,233 | €20,325 | -€12,908 | -38.8% |
| Amounts receivable within one year | 40/41 | €22,534 | €20,049 | -€2,485 | -11.0% |
| Trade receivables | 40 | €19,159 | €11,085 | -€8,074 | -42.1% |
| Other amounts receivable | 41 | €3,376 | €8,964 | +€5,589 | +166% |
| Cash at bank and in hand | 54/58 | €10,699 | €276 | -€10,423 | -97.4% |
| Total equity and liabilities | 10/49 | €504,796 | €490,702 | -€14,095 | -2.8% |
| Equity | 10/15 | €9,039 | €49,761 | +€40,722 | +451% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €4,039 | €44,761 | +€40,722 | +1,008% |
| Amounts payable | 17/49 | €495,758 | €440,941 | -€54,817 | -11.1% |
| Amounts payable after more than one year | 17 | €435,278 | €383,494 | -€51,784 | -11.9% |
| Financial debts | 170/4 | €435,278 | €383,494 | -€51,784 | -11.9% |
| Amounts payable within one year | 42/48 | €60,479 | €57,384 | -€3,095 | -5.1% |
| Current portion of amounts payable after more than one year | 42 | €45,500 | €51,436 | +€5,936 | +13.0% |
| Trade debts | 44 | €13,652 | €4,906 | -€8,746 | -64.1% |
| Suppliers | 440/4 | €13,652 | €4,906 | -€8,746 | -64.1% |
| Taxes, remuneration and social security | 45 | €1,327 | €1,042 | -€285 | -21.5% |
| Taxes | 450/3 | €1,327 | €1,042 | -€285 | -21.5% |
| Accrued charges and deferred income | 492/3 | - | €63 | +€63 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €521 | €1,722 | +€1,201 | +230% |
| Other operating charges | 640/8 | €207 | €969 | +€761 | +367% |
| Gross operating margin | 9900 | €5,762 | €20,699 | +€14,936 | +259% |
| Operating profit (loss) | 9901 | €5,034 | €18,008 | +€12,974 | +258% |
| Financial income | 75/76B | €89 | €40,062 | +€39,973 | +44,802% |
| Recurring financial income | 75 | €89 | €40,062 | +€39,973 | +44,802% |
| Financial charges | 65/66B | €63 | €16,686 | +€16,623 | +26,398% |
| Recurring financial charges | 65 | €63 | €16,686 | +€16,623 | +26,398% |
| Profit (loss) for the period before taxes | 9903 | €5,060 | €41,384 | +€36,324 | +718% |
| Income taxes | 67/77 | €1,021 | €662 | -€359 | -35.2% |
| Profit (loss) for the period | 9904 | €4,039 | €40,722 | +€36,683 | +908% |
| Profit (loss) for the period to be appropriated | 9905 | €4,039 | €40,722 | +€36,683 | +908% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 28 October 2026 via checked.be.