SMET EN CO: 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.
SMET EN CO
Largest movements
- Cash +€116,683
up €116,683 (+932%), from €12,514 to €129,198
mainly Receivables within one year (+€79,184) and Accrued charges and deferred income (+€71,770)
- Receivables within one year -€79,184
down €79,184 (-53.5%), from €148,061 to €68,877
of which Other amounts receivable: -€80,054
- Tangible fixed assets -€8,621
down €8,621 (-30.2%), from €28,502 to €19,881
of which Furniture and vehicles: -€8,178
- Deferred charges and accrued income -€4,867
down €4,867 (-46.8%), from €10,404 to €5,537
- Accrued charges and deferred income +€71,770
up €71,770 (+774%), from €9,269 to €81,039
- Reserves -€37,911
down €37,911 (-26.2%), from €144,564 to €106,653
of which Distributable reserves: -€37,911
- Current portion of long-term debt -€13,914
down €13,914 (-91.6%), from €15,186 to €1,272
- Tax, wage and social debts +€10,942
up €10,942 (+136%), from €8,026 to €18,968
- Trade debts -€3,901
down €3,901 (-65.5%), from €5,953 to €2,052
- Gross operating margin +€45,494
up €45,494 (+134%), from €34,055 to €79,549
- Taxes +€15,968
up €15,968 (+216%), from €7,385 to €23,352
- Depreciation -€2,190
down €2,190 (-13.2%), from €16,560 to €14,370
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 | €199,481 | €223,493 | +€24,012 | +12.0% |
| Fixed assets | 21/28 | €28,502 | €19,881 | -€8,621 | -30.2% |
| Tangible fixed assets | 22/27 | €28,502 | €19,881 | -€8,621 | -30.2% |
| Plant, machinery and equipment | 23 | €1,211 | €768 | -€443 | -36.6% |
| Furniture and vehicles | 24 | €27,292 | €19,114 | -€8,178 | -30.0% |
| Current assets | 29/58 | €170,979 | €203,612 | +€32,633 | +19.1% |
| Amounts receivable within one year | 40/41 | €148,061 | €68,877 | -€79,184 | -53.5% |
| Trade receivables | 40 | - | €870 | +€870 | |
| Other amounts receivable | 41 | €148,061 | €68,007 | -€80,054 | -54.1% |
| Cash at bank and in hand | 54/58 | €12,514 | €129,198 | +€116,683 | +932% |
| Deferred charges and accrued income | 490/1 | €10,404 | €5,537 | -€4,867 | -46.8% |
| Total equity and liabilities | 10/49 | €199,481 | €223,493 | +€24,012 | +12.0% |
| Equity | 10/15 | €159,775 | €120,163 | -€39,612 | -24.8% |
| Contributions | 10/11 | €13,510 | €13,510 | = | 0.0% |
| Contributions outside capital | 11 | €13,510 | €13,510 | = | 0.0% |
| Other | 1109/19 | €13,510 | €13,510 | = | 0.0% |
| Reserves | 13 | €144,564 | €106,653 | -€37,911 | -26.2% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,859 | €1,859 | = | 0.0% |
| Distributable reserves | 133 | €142,705 | €104,793 | -€37,911 | -26.6% |
| Profit (loss) carried forward | 14 | €1,701 | - | -€1,701 | |
| Amounts payable | 17/49 | €39,706 | €103,330 | +€63,624 | +160% |
| Amounts payable after more than one year | 17 | €1,272 | - | -€1,272 | |
| Financial debts | 170/4 | €1,272 | - | -€1,272 | |
| Amounts payable within one year | 42/48 | €29,166 | €22,292 | -€6,874 | -23.6% |
| Current portion of amounts payable after more than one year | 42 | €15,186 | €1,272 | -€13,914 | -91.6% |
| Trade debts | 44 | €5,953 | €2,052 | -€3,901 | -65.5% |
| Suppliers | 440/4 | €5,953 | €2,052 | -€3,901 | -65.5% |
| Taxes, remuneration and social security | 45 | €8,026 | €18,968 | +€10,942 | +136% |
| Taxes | 450/3 | €8,026 | €18,968 | +€10,942 | +136% |
| Accrued charges and deferred income | 492/3 | €9,269 | €81,039 | +€71,770 | +774% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,560 | €14,370 | -€2,190 | -13.2% |
| Other operating charges | 640/8 | €252 | €167 | -€85 | -33.7% |
| Gross operating margin | 9900 | €34,055 | €79,549 | +€45,494 | +134% |
| Operating profit (loss) | 9901 | €17,243 | €65,012 | +€47,770 | +277% |
| Financial income | 75/76B | €0 | €0 | = | 0.0% |
| Recurring financial income | 75 | €0 | €0 | = | 0.0% |
| Financial charges | 65/66B | €437 | €233 | -€204 | -46.6% |
| Recurring financial charges | 65 | €437 | €233 | -€204 | -46.6% |
| Profit (loss) for the period before taxes | 9903 | €16,806 | €64,779 | +€47,973 | +285% |
| Income taxes | 67/77 | €7,385 | €23,352 | +€15,968 | +216% |
| Profit (loss) for the period | 9904 | €9,421 | €41,427 | +€32,006 | +340% |
| Profit (loss) for the period to be appropriated | 9905 | €9,421 | €41,427 | +€32,006 | +340% |
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 28 October 2026 via checked.be.