SMEKENS CONSTRUCTORS: 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.
SMEKENS CONSTRUCTORS
Largest movements
- Receivables within one year +€31,459
up €31,459 (+77.0%), from €40,839 to €72,299
of which Trade receivables: +€34,371
- Cash -€31,014
down €31,014 (-39.0%), from €79,619 to €48,606
mainly Receivables within one year (-€31,459) and Investment in fixed assets (net) (-€29,212)
- Tangible fixed assets +€9,626
up €9,626 (+30.3%), from €31,822 to €41,449
of which Furniture and vehicles: +€9,797
- Stocks and contracts -€9,260
down €9,260 (-57.4%), from €16,122 to €6,862
- Debts after one year -€16,070
down €16,070 (-28.6%), from €56,163 to €40,093
- Reserves +€7,221
up €7,221 (+18.3%), from €39,396 to €46,617
- Tax, wage and social debts +€6,305
up €6,305 (+171%), from €3,697 to €10,001
of which Taxes: +€5,557
- Other debts +€6,253
up €6,253 (+2,114%), from €296 to €6,548
- Gross operating margin +€55,611
up €55,611 (+59.3%), from €93,840 to €149,450
- Staff costs +€47,102
up €47,102 (+85.6%), from €55,006 to €102,109
- Depreciation +€11,169
up €11,169 (+133%), from €8,417 to €19,586
- Financial charges -€10,534
down €10,534 (-61.3%), from €17,178 to €6,644
- Taxes +€1,884
up €1,884 (+49.6%), from €3,801 to €5,685
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 | €174,211 | €175,098 | +€887 | +0.5% |
| Fixed assets | 21/28 | €32,322 | €41,949 | +€9,626 | +29.8% |
| Tangible fixed assets | 22/27 | €31,822 | €41,449 | +€9,626 | +30.3% |
| Plant, machinery and equipment | 23 | €1,927 | €1,756 | -€171 | -8.9% |
| Furniture and vehicles | 24 | €29,895 | €39,692 | +€9,797 | +32.8% |
| Financial fixed assets | 28 | €500 | €500 | = | 0.0% |
| Current assets | 29/58 | €141,889 | €133,149 | -€8,740 | -6.2% |
| Stocks and contracts in progress | 3 | €16,122 | €6,862 | -€9,260 | -57.4% |
| Stocks | 30/36 | €16,122 | €6,862 | -€9,260 | -57.4% |
| Amounts receivable within one year | 40/41 | €40,839 | €72,299 | +€31,459 | +77.0% |
| Trade receivables | 40 | €24,767 | €59,138 | +€34,371 | +139% |
| Other amounts receivable | 41 | €16,072 | €13,160 | -€2,912 | -18.1% |
| Cash at bank and in hand | 54/58 | €79,619 | €48,606 | -€31,014 | -39.0% |
| Deferred charges and accrued income | 490/1 | €5,308 | €5,383 | +€75 | +1.4% |
| Total equity and liabilities | 10/49 | €174,211 | €175,098 | +€887 | +0.5% |
| Equity | 10/15 | €39,396 | €46,617 | +€7,221 | +18.3% |
| Reserves | 13 | €39,396 | €46,617 | +€7,221 | +18.3% |
| Distributable reserves | 133 | €39,396 | €46,617 | +€7,221 | +18.3% |
| Amounts payable | 17/49 | €134,815 | €128,480 | -€6,334 | -4.7% |
| Amounts payable after more than one year | 17 | €56,163 | €40,093 | -€16,070 | -28.6% |
| Financial debts | 170/4 | €56,163 | €40,093 | -€16,070 | -28.6% |
| Amounts payable within one year | 42/48 | €78,652 | €88,388 | +€9,736 | +12.4% |
| Current portion of amounts payable after more than one year | 42 | €17,280 | €16,070 | -€1,210 | -7.0% |
| Trade debts | 44 | €57,380 | €55,768 | -€1,612 | -2.8% |
| Suppliers | 440/4 | €57,380 | €55,768 | -€1,612 | -2.8% |
| Taxes, remuneration and social security | 45 | €3,697 | €10,001 | +€6,305 | +171% |
| Taxes | 450/3 | €3,665 | €9,222 | +€5,557 | +152% |
| Remuneration and social security | 454/9 | €32 | €779 | +€747 | +2,351% |
| Other amounts payable | 47/48 | €296 | €6,548 | +€6,253 | +2,114% |
| Non-recurring operating income | 76A | - | €413 | +€413 | |
| Remuneration, social security and pensions | 62 | €55,006 | €102,109 | +€47,102 | +85.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,417 | €19,586 | +€11,169 | +133% |
| Other operating charges | 640/8 | €3,534 | €3,943 | +€409 | +11.6% |
| Gross operating margin | 9900 | €93,840 | €149,450 | +€55,611 | +59.3% |
| Operating profit (loss) | 9901 | €26,883 | €23,813 | -€3,070 | -11.4% |
| Financial income | 75/76B | €565 | €446 | -€120 | -21.1% |
| Recurring financial income | 75 | €565 | €446 | -€120 | -21.1% |
| Financial charges | 65/66B | €17,178 | €6,644 | -€10,534 | -61.3% |
| Recurring financial charges | 65 | €17,178 | €6,644 | -€10,534 | -61.3% |
| Profit (loss) for the period before taxes | 9903 | €10,270 | €17,615 | +€7,345 | +71.5% |
| Income taxes | 67/77 | €3,801 | €5,685 | +€1,884 | +49.6% |
| Profit (loss) for the period | 9904 | €6,469 | €11,930 | +€5,461 | +84.4% |
| Profit (loss) for the period to be appropriated | 9905 | €6,469 | €11,930 | +€5,461 | +84.4% |
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.