SMEETS PETER: 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 PETER
Largest movements
- Cash +€46,178
up €46,178 (+99.0%), from €46,653 to €92,831
mainly Net result for the year (+€30,266) and Other debts (+€20,000)
- Deferred charges and accrued income -€4,627
down €4,627 (-73.8%), from €6,267 to €1,640
- Receivables within one year -€1,961
down €1,961 (-14.4%), from €13,627 to €11,666
of which Trade receivables: -€1,167
- Other debts +€20,000
up €20,000, from €0 to €20,000
- Profit (loss) carried forward +€13,330
up €13,330, from -€13,330 to €0
- Tax, wage and social debts +€11,262
up €11,262 (+134714.7%), from €8 to €11,271
of which Taxes: +€8,762
- Reserves -€6,593
down €6,593 (-8.8%), from €75,225 to €68,632
- Advances received +€3,440
up €3,440 (+371.3%), from €927 to €4,366
- Gross operating margin +€45,694
up €45,694 (+1090.4%), from €4,191 to €49,885
- Taxes +€11,931
up €11,931 (+5565.0%), from €214 to €12,145
- Other operating charges -€9,182
down €9,182 (-82.7%), from €11,102 to €1,920
- Financial charges -€563
down €563 (-12.8%), from €4,413 to €3,849
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 | €70,051 | €109,569 | +€39,518 | +56.4% |
| Fixed assets | 21/28 | €3,504 | €3,432 | -€71 | -2.0% |
| Tangible fixed assets | 22/27 | €3,504 | €3,432 | -€71 | -2.0% |
| Plant, machinery and equipment | 23 | - | €1,993 | +€1,993 | |
| Furniture and vehicles | 24 | €3,504 | €1,439 | -€2,064 | -58.9% |
| Current assets | 29/58 | €66,547 | €106,137 | +€39,589 | +59.5% |
| Amounts receivable within one year | 40/41 | €13,627 | €11,666 | -€1,961 | -14.4% |
| Trade receivables | 40 | €1,167 | €0 | -€1,167 | -100.0% |
| Other amounts receivable | 41 | €12,460 | €11,666 | -€794 | -6.4% |
| Cash at bank and in hand | 54/58 | €46,653 | €92,831 | +€46,178 | +99.0% |
| Deferred charges and accrued income | 490/1 | €6,267 | €1,640 | -€4,627 | -73.8% |
| Total equity and liabilities | 10/49 | €70,051 | €109,569 | +€39,518 | +56.4% |
| Equity | 10/15 | €66,895 | €73,632 | +€6,737 | +10.1% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €75,225 | €68,632 | -€6,593 | -8.8% |
| Distributable reserves | 133 | €75,225 | €68,632 | -€6,593 | -8.8% |
| Profit (loss) carried forward | 14 | -€13,330 | €0 | +€13,330 | |
| Amounts payable | 17/49 | €3,156 | €35,937 | +€32,781 | +1038.6% |
| Amounts payable within one year | 42/48 | €1,456 | €35,937 | +€34,481 | +2367.6% |
| Trade debts | 44 | €522 | €301 | -€221 | -42.4% |
| Suppliers | 440/4 | €522 | €301 | -€221 | -42.4% |
| Advances received on contracts in progress | 46 | €927 | €4,366 | +€3,440 | +371.3% |
| Taxes, remuneration and social security | 45 | €8 | €11,271 | +€11,262 | +134714.7% |
| Taxes | 450/3 | €8 | €8,771 | +€8,762 | +104810.4% |
| Remuneration and social security | 454/9 | - | €2,500 | +€2,500 | |
| Other amounts payable | 47/48 | €0 | €20,000 | +€20,000 | |
| Accrued charges and deferred income | 492/3 | €1,700 | €0 | -€1,700 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,064 | €2,278 | +€214 | +10.4% |
| Other operating charges | 640/8 | €11,102 | €1,920 | -€9,182 | -82.7% |
| Gross operating margin | 9900 | €4,191 | €49,885 | +€45,694 | +1090.4% |
| Operating profit (loss) | 9901 | -€8,975 | €45,687 | +€54,662 | |
| Financial income | 75/76B | €272 | €574 | +€302 | +111.0% |
| Recurring financial income | 75 | €272 | €574 | +€302 | +111.0% |
| Financial charges | 65/66B | €4,413 | €3,849 | -€563 | -12.8% |
| Recurring financial charges | 65 | €4,413 | €3,849 | -€563 | -12.8% |
| Profit (loss) for the period before taxes | 9903 | -€13,116 | €42,412 | +€55,528 | |
| Income taxes | 67/77 | €214 | €12,145 | +€11,931 | +5565.0% |
| Profit (loss) for the period | 9904 | -€13,330 | €30,266 | +€43,597 | |
| Profit (loss) for the period to be appropriated | 9905 | -€13,330 | €30,266 | +€43,597 |
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 5 October 2026 via checked.be.