SMEKANT: 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.
SMEKANT
Largest movements
- Stocks and contracts -€83,963
down €83,963 (-43.3%), from €193,875 to €109,913
- Receivables within one year -€66,294
down €66,294 (-77.5%), from €85,563 to €19,269
of which Trade receivables: -€65,066
- Cash -€12,573
down €12,573 (-4.5%), from €279,863 to €267,290
mainly Contributions, distributions and other (-€101,854) and Trade debts (-€71,586)
- Tangible fixed assets -€8,078
down €8,078 (-26.2%), from €30,846 to €22,769
of which Furniture and vehicles: -€7,800
- Trade debts -€71,586
down €71,586 (-99.4%), from €71,986 to €400
- Other debts -€63,583
down €63,583 (-25.2%), from €252,479 to €188,896
- Reserves -€55,284
down €55,284 (-22.8%), from €242,849 to €187,565
- Tax, wage and social debts +€19,547
up €19,547 (+109.6%), from €17,832 to €37,379
- Gross operating margin -€19,320
down €19,320 (-19.9%), from €97,256 to €77,936
- Taxes -€5,875
down €5,875 (-20.9%), from €28,178 to €22,303
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 | €590,147 | €419,240 | -€170,907 | -29.0% |
| Fixed assets | 21/28 | €30,846 | €22,769 | -€8,078 | -26.2% |
| Tangible fixed assets | 22/27 | €30,846 | €22,769 | -€8,078 | -26.2% |
| Plant, machinery and equipment | 23 | €886 | €608 | -€278 | -31.3% |
| Furniture and vehicles | 24 | €29,961 | €22,161 | -€7,800 | -26.0% |
| Current assets | 29/58 | €559,300 | €396,471 | -€162,829 | -29.1% |
| Stocks and contracts in progress | 3 | €193,875 | €109,913 | -€83,963 | -43.3% |
| Stocks | 30/36 | €193,875 | €109,913 | -€83,963 | -43.3% |
| Amounts receivable within one year | 40/41 | €85,563 | €19,269 | -€66,294 | -77.5% |
| Trade receivables | 40 | €84,159 | €19,093 | -€65,066 | -77.3% |
| Other amounts receivable | 41 | €1,403 | €175 | -€1,228 | -87.5% |
| Cash at bank and in hand | 54/58 | €279,863 | €267,290 | -€12,573 | -4.5% |
| Total equity and liabilities | 10/49 | €590,147 | €419,240 | -€170,907 | -29.0% |
| Equity | 10/15 | €247,849 | €192,565 | -€55,284 | -22.3% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €242,849 | €187,565 | -€55,284 | -22.8% |
| Distributable reserves | 133 | €242,849 | €187,565 | -€55,284 | -22.8% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €342,297 | €226,675 | -€115,622 | -33.8% |
| Amounts payable within one year | 42/48 | €342,297 | €226,675 | -€115,622 | -33.8% |
| Trade debts | 44 | €71,986 | €400 | -€71,586 | -99.4% |
| Suppliers | 440/4 | €71,986 | €400 | -€71,586 | -99.4% |
| Taxes, remuneration and social security | 45 | €17,832 | €37,379 | +€19,547 | +109.6% |
| Taxes | 450/3 | €17,832 | €37,379 | +€19,547 | +109.6% |
| Other amounts payable | 47/48 | €252,479 | €188,896 | -€63,583 | -25.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,655 | €8,078 | +€423 | +5.5% |
| Other operating charges | 640/8 | €868 | €879 | +€11 | +1.3% |
| Gross operating margin | 9900 | €97,256 | €77,936 | -€19,320 | -19.9% |
| Operating profit (loss) | 9901 | €88,734 | €68,980 | -€19,754 | -22.3% |
| Financial income | 75/76B | - | €316 | +€316 | |
| Recurring financial income | 75 | - | €316 | +€316 | |
| Financial charges | 65/66B | €27 | €423 | +€397 | +1484.9% |
| Recurring financial charges | 65 | €27 | €423 | +€397 | +1484.9% |
| Profit (loss) for the period before taxes | 9903 | €88,707 | €68,872 | -€19,835 | -22.4% |
| Income taxes | 67/77 | €28,178 | €22,303 | -€5,875 | -20.9% |
| Profit (loss) for the period | 9904 | €60,529 | €46,570 | -€13,960 | -23.1% |
| Profit (loss) for the period to be appropriated | 9905 | €60,529 | €46,570 | -€13,960 | -23.1% |
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 11 October 2026 via checked.be.