SMEETS SERVICE: what changed
What changed
SMEETS SERVICE
NACE 33.120, Repair and maintenance of machinery
filed annual accounts (NBB)
Net result for the year
€50,262
2024 · €70,818-€20,556
Equity
€801,845
2024 · €751,584+€50,262
Cash
€294,562
2024 · €599,736-€305,174
Balance sheet total
€2.2m
2024 · €2.0m+€119,645
Largest movements
Assets
- Cash -€305,174
down €305,174 (-50.9%), from €599,736 to €294,562
mainly Investment in fixed assets (net) (-€406,068) and Stocks and contracts (-€186,695)
- Tangible fixed assets +€291,480
up €291,480 (+42.2%), from €690,833 to €982,312
of which Furniture and vehicles: +€151,610
- Stocks and contracts +€186,695
up €186,695 (+73.2%), from €255,014 to €441,709
- Receivables within one year -€51,166
down €51,166 (-10.5%), from €488,484 to €437,318
of which Trade receivables: -€39,333
Equity and liabilities
- Debts after one year +€58,937
up €58,937 (+29.2%), from €201,847 to €260,784
- Reserves +€50,262
up €50,262 (+6.9%), from €732,984 to €783,245
of which Distributable reserves: +€50,262
Income statement
- Staff costs +€64,875
up €64,875 (+38.7%), from €167,447 to €232,322
- Gross operating margin +€41,147
up €41,147 (+9.7%), from €422,442 to €463,589
- Write-downs -€22,324
down €22,324, from €19,018 to -€3,306
- Taxes -€7,601
down €7,601 (-27.7%), from €27,460 to €19,859
- Depreciation +€6,654
up €6,654 (+6.2%), from €107,935 to €114,589
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€70,818
Gross operating margin
+€41,147
Staff costs
-€64,875
Depreciation
-€6,654
Write-downs
+€22,324
Other operating charges
-€779
Other operating items
-€17,385
Financial income
+€651
Financial charges
-€2,586
Taxes
+€7,601
Result 2025
€50,262
raises the resultlowers the resultnot broken down further in the accounts
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€29,958
Investment
-€406,068
Financing
+€70,937
Cash 2024
€599,736
From operations (derived)
+€29,958
Net result for the year
+€50,262
Depreciation
+€114,589
Stocks and contracts
-€186,695
Receivables within one year
+€51,166
Deferred charges and accrued income
+€2,191
Trade debts
-€16,533
Tax, wage and social debts
-€5,917
Other debts
+€20,859
Accrued charges and deferred income
+€38
Investment (derived)
-€406,068
Investment in fixed assets (net)
-€406,068
Financing
+€70,937
Debts after one year
+€58,937
Current portion of long-term debt
+€12,000
Cash 2025
€294,562
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,044,638 | €2,164,283 | +€119,645 | +5.9% |
| Fixed assets | 21/28 | €691,238 | €982,717 | +€291,480 | +42.2% |
| Tangible fixed assets | 22/27 | €690,833 | €982,312 | +€291,480 | +42.2% |
| Land and buildings | 22 | €317,894 | €438,267 | +€120,373 | +37.9% |
| Plant, machinery and equipment | 23 | €17,775 | €37,272 | +€19,497 | +110% |
| Furniture and vehicles | 24 | €355,164 | €506,774 | +€151,610 | +42.7% |
| Financial fixed assets | 28 | €405 | €405 | = | 0.0% |
| Current assets | 29/58 | €1,353,401 | €1,181,566 | -€171,835 | -12.7% |
| Stocks and contracts in progress | 3 | €255,014 | €441,709 | +€186,695 | +73.2% |
| Stocks | 30/36 | €255,014 | €441,709 | +€186,695 | +73.2% |
| Amounts receivable within one year | 40/41 | €488,484 | €437,318 | -€51,166 | -10.5% |
| Trade receivables | 40 | €423,812 | €384,479 | -€39,333 | -9.3% |
| Other amounts receivable | 41 | €64,672 | €52,840 | -€11,832 | -18.3% |
| Cash at bank and in hand | 54/58 | €599,736 | €294,562 | -€305,174 | -50.9% |
| Deferred charges and accrued income | 490/1 | €10,167 | €7,976 | -€2,191 | -21.5% |
| Total equity and liabilities | 10/49 | €2,044,638 | €2,164,283 | +€119,645 | +5.9% |
| Equity | 10/15 | €751,584 | €801,845 | +€50,262 | +6.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €732,984 | €783,245 | +€50,262 | +6.9% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €732,984 | €783,245 | +€50,262 | +6.9% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Amounts payable | 17/49 | €1,293,055 | €1,362,438 | +€69,383 | +5.4% |
| Amounts payable after more than one year | 17 | €201,847 | €260,784 | +€58,937 | +29.2% |
| Financial debts | 170/4 | €201,847 | €260,784 | +€58,937 | +29.2% |
| Amounts payable within one year | 42/48 | €1,071,864 | €1,082,273 | +€10,408 | +1.0% |
| Current portion of amounts payable after more than one year | 42 | €49,063 | €61,063 | +€12,000 | +24.5% |
| Trade debts | 44 | €746,720 | €730,187 | -€16,533 | -2.2% |
| Suppliers | 440/4 | €746,720 | €730,187 | -€16,533 | -2.2% |
| Taxes, remuneration and social security | 45 | €39,222 | €33,305 | -€5,917 | -15.1% |
| Taxes | 450/3 | €21,263 | €10,114 | -€11,149 | -52.4% |
| Remuneration and social security | 454/9 | €17,959 | €23,191 | +€5,232 | +29.1% |
| Other amounts payable | 47/48 | €236,859 | €257,718 | +€20,859 | +8.8% |
| Accrued charges and deferred income | 492/3 | €19,343 | €19,381 | +€38 | +0.2% |
| Non-recurring operating income | 76A | €84 | €50,748 | +€50,664 | +60,314% |
| Remuneration, social security and pensions | 62 | €167,447 | €232,322 | +€64,875 | +38.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €107,935 | €114,589 | +€6,654 | +6.2% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €19,018 | -€3,306 | -€22,324 | |
| Other operating charges | 640/8 | €6,564 | €7,343 | +€779 | +11.9% |
| Non-recurring operating charges | 66A | - | €17,385 | +€17,385 | |
| Gross operating margin | 9900 | €422,442 | €463,589 | +€41,147 | +9.7% |
| Operating profit (loss) | 9901 | €121,478 | €95,255 | -€26,222 | -21.6% |
| Financial income | 75/76B | €229 | €880 | +€651 | +284% |
| Recurring financial income | 75 | €229 | €880 | +€651 | +284% |
| Financial charges | 65/66B | €23,429 | €26,014 | +€2,586 | +11.0% |
| Recurring financial charges | 65 | €23,429 | €26,014 | +€2,586 | +11.0% |
| Profit (loss) for the period before taxes | 9903 | €98,278 | €70,121 | -€28,157 | -28.7% |
| Income taxes | 67/77 | €27,460 | €19,859 | -€7,601 | -27.7% |
| Profit (loss) for the period | 9904 | €70,818 | €50,262 | -€20,556 | -29.0% |
| Profit (loss) for the period to be appropriated | 9905 | €70,818 | €50,262 | -€20,556 | -29.0% |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 8 November 2026 via checked.be.