Smet IT: 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 IT
Largest movements
- Tangible fixed assets -€13,785
down €13,785 (-31.6%), from €43,632 to €29,848
of which Furniture and vehicles: -€14,682
- Cash +€5,079
up €5,079 (+16.7%), from €30,409 to €35,488
mainly Depreciation (+€15,054) and Net result for the year (+€12,209)
- Reserves +€12,209
up €12,209 (+40.0%), from €30,512 to €42,721
- Other debts -€11,417
down €11,417 (-73.6%), from €15,511 to €4,094
- Debts after one year -€10,551
down €10,551 (-45.3%), from €23,307 to €12,757
- Taxes +€3,942
up €3,942 (+225%), from €1,752 to €5,695
- Gross operating margin +€1,867
up €1,867 (+5.8%), from €32,324 to €34,190
- Depreciation +€547
up €547 (+3.8%), from €14,507 to €15,054
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 | €94,407 | €85,510 | -€8,897 | -9.4% |
| Fixed assets | 21/28 | €43,632 | €29,848 | -€13,785 | -31.6% |
| Tangible fixed assets | 22/27 | €43,632 | €29,848 | -€13,785 | -31.6% |
| Plant, machinery and equipment | 23 | €1,995 | €2,893 | +€898 | +45.0% |
| Furniture and vehicles | 24 | €41,637 | €26,955 | -€14,682 | -35.3% |
| Current assets | 29/58 | €50,775 | €55,663 | +€4,888 | +9.6% |
| Amounts receivable within one year | 40/41 | €11,344 | €12,070 | +€726 | +6.4% |
| Trade receivables | 40 | €11,344 | €12,070 | +€726 | +6.4% |
| Cash at bank and in hand | 54/58 | €30,409 | €35,488 | +€5,079 | +16.7% |
| Deferred charges and accrued income | 490/1 | €9,022 | €8,105 | -€917 | -10.2% |
| Total equity and liabilities | 10/49 | €94,407 | €85,510 | -€8,897 | -9.4% |
| Equity | 10/15 | €35,512 | €47,721 | +€12,209 | +34.4% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €30,512 | €42,721 | +€12,209 | +40.0% |
| Distributable reserves | 133 | €30,512 | €42,721 | +€12,209 | +40.0% |
| Amounts payable | 17/49 | €58,895 | €37,789 | -€21,106 | -35.8% |
| Amounts payable after more than one year | 17 | €23,307 | €12,757 | -€10,551 | -45.3% |
| Financial debts | 170/4 | €23,307 | €12,757 | -€10,551 | -45.3% |
| Amounts payable within one year | 42/48 | €35,588 | €25,033 | -€10,555 | -29.7% |
| Current portion of amounts payable after more than one year | 42 | €10,209 | €10,551 | +€342 | +3.4% |
| Trade debts | 44 | €1,333 | €1,357 | +€24 | +1.8% |
| Suppliers | 440/4 | €1,333 | €1,357 | +€24 | +1.8% |
| Taxes, remuneration and social security | 45 | €8,535 | €9,031 | +€496 | +5.8% |
| Taxes | 450/3 | €5,685 | €6,181 | +€496 | +8.7% |
| Remuneration and social security | 454/9 | €2,850 | €2,850 | = | 0.0% |
| Other amounts payable | 47/48 | €15,511 | €4,094 | -€11,417 | -73.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,507 | €15,054 | +€547 | +3.8% |
| Other operating charges | 640/8 | €75 | €227 | +€152 | +202% |
| Gross operating margin | 9900 | €32,324 | €34,190 | +€1,867 | +5.8% |
| Operating profit (loss) | 9901 | €17,742 | €18,910 | +€1,168 | +6.6% |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €1,337 | €1,006 | -€331 | -24.7% |
| Recurring financial charges | 65 | €1,337 | €1,006 | -€331 | -24.7% |
| Profit (loss) for the period before taxes | 9903 | €16,404 | €17,904 | +€1,499 | +9.1% |
| Income taxes | 67/77 | €1,752 | €5,695 | +€3,942 | +225% |
| Profit (loss) for the period | 9904 | €14,652 | €12,209 | -€2,443 | -16.7% |
| Profit (loss) for the period to be appropriated | 9905 | €14,652 | €12,209 | -€2,443 | -16.7% |
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 25 October 2026 via checked.be.