Smeets Technics: 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 Technics
Largest movements
- Cash -€14,659
down €14,659 (-30.7%), from €47,733 to €33,073
mainly Contributions, distributions and other (-€11,729) and Stocks and contracts (-€9,823)
- Tangible fixed assets -€10,269
down €10,269 (-35.4%), from €29,014 to €18,744
of which Furniture and vehicles: -€9,620
- Stocks and contracts +€9,823
up €9,823 (+119%), from €8,263 to €18,086
- Receivables within one year +€7,777
up €7,777 (+241%), from €3,221 to €10,998
of which Trade receivables: +€6,824
- Reserves -€10,152
down €10,152 (-15.3%), from €66,408 to €56,256
- Other debts +€2,702
up €2,702 (+97.8%), from €2,762 to €5,464
- Gross operating margin -€9,906
down €9,906 (-42.9%), from €23,099 to €13,193
- Taxes -€3,113
down €3,113 (-79.6%), from €3,912 to €800
- Depreciation -€347
down €347 (-3.3%), from €10,616 to €10,269
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 | €89,010 | €81,025 | -€7,985 | -9.0% |
| Fixed assets | 21/28 | €29,014 | €18,744 | -€10,269 | -35.4% |
| Tangible fixed assets | 22/27 | €29,014 | €18,744 | -€10,269 | -35.4% |
| Plant, machinery and equipment | 23 | €907 | €258 | -€649 | -71.6% |
| Furniture and vehicles | 24 | €28,107 | €18,486 | -€9,620 | -34.2% |
| Current assets | 29/58 | €59,996 | €62,280 | +€2,284 | +3.8% |
| Stocks and contracts in progress | 3 | €8,263 | €18,086 | +€9,823 | +119% |
| Stocks | 30/36 | €8,263 | €18,086 | +€9,823 | +119% |
| Amounts receivable within one year | 40/41 | €3,221 | €10,998 | +€7,777 | +241% |
| Trade receivables | 40 | €0 | €6,824 | +€6,824 | |
| Other amounts receivable | 41 | €3,221 | €4,174 | +€953 | +29.6% |
| Cash at bank and in hand | 54/58 | €47,733 | €33,073 | -€14,659 | -30.7% |
| Deferred charges and accrued income | 490/1 | €779 | €122 | -€657 | -84.3% |
| Total equity and liabilities | 10/49 | €89,010 | €81,025 | -€7,985 | -9.0% |
| Equity | 10/15 | €85,074 | €74,923 | -€10,152 | -11.9% |
| Contributions | 10/11 | €18,667 | €18,667 | = | 0.0% |
| Reserves | 13 | €66,408 | €56,256 | -€10,152 | -15.3% |
| Distributable reserves | 133 | €66,408 | €56,256 | -€10,152 | -15.3% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €3,935 | €6,102 | +€2,167 | +55.1% |
| Amounts payable within one year | 42/48 | €3,935 | €6,102 | +€2,167 | +55.1% |
| Trade debts | 44 | €1,173 | €638 | -€535 | -45.6% |
| Suppliers | 440/4 | €1,173 | €638 | -€535 | -45.6% |
| Other amounts payable | 47/48 | €2,762 | €5,464 | +€2,702 | +97.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,616 | €10,269 | -€347 | -3.3% |
| Other operating charges | 640/8 | €598 | €711 | +€113 | +19.0% |
| Gross operating margin | 9900 | €23,099 | €13,193 | -€9,906 | -42.9% |
| Operating profit (loss) | 9901 | €11,885 | €2,213 | -€9,672 | -81.4% |
| Financial income | 75/76B | €446 | €310 | -€135 | -30.3% |
| Recurring financial income | 75 | €446 | €310 | -€135 | -30.3% |
| Financial charges | 65/66B | €130 | €146 | +€16 | +12.0% |
| Recurring financial charges | 65 | €130 | €146 | +€16 | +12.0% |
| Profit (loss) for the period before taxes | 9903 | €12,200 | €2,377 | -€9,823 | -80.5% |
| Income taxes | 67/77 | €3,912 | €800 | -€3,113 | -79.6% |
| Profit (loss) for the period | 9904 | €8,288 | €1,577 | -€6,710 | -81.0% |
| Profit (loss) for the period to be appropriated | 9905 | €8,288 | €1,577 | -€6,710 | -81.0% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 15 October 2026 via checked.be.