SMET RENT: 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 RENT
Largest movements
- Tangible fixed assets -€96,411
down €96,411 (-11.0%), from €872,950 to €776,539
- Cash +€24,346
up €24,346 (+38.2%), from €63,721 to €88,068
mainly Depreciation (+€117,712) and Net result for the year (+€7,986)
- Receivables within one year +€15,406
up €15,406 (+19.0%), from €80,952 to €96,358
of which Trade receivables: +€15,406
- Debts after one year -€67,089
down €67,089 (-9.4%), from €713,090 to €646,001
- Gross operating margin -€34,594
down €34,594 (-19.1%), from €181,363 to €146,769
- Depreciation -€30,238
down €30,238 (-20.4%), from €147,950 to €117,712
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 | €1,034,336 | €979,106 | -€55,230 | -5.3% |
| Fixed assets | 21/28 | €872,950 | €776,589 | -€96,361 | -11.0% |
| Tangible fixed assets | 22/27 | €872,950 | €776,539 | -€96,411 | -11.0% |
| Land and buildings | 22 | €655,342 | €623,008 | -€32,334 | -4.9% |
| Plant, machinery and equipment | 23 | €112,059 | €85,938 | -€26,122 | -23.3% |
| Furniture and vehicles | 24 | €89,316 | €57,091 | -€32,225 | -36.1% |
| Leasing and similar rights | 25 | €16,233 | €10,503 | -€5,730 | -35.3% |
| Financial fixed assets | 28 | - | €50 | +€50 | |
| Current assets | 29/58 | €161,386 | €202,517 | +€41,131 | +25.5% |
| Stocks and contracts in progress | 3 | €11,310 | €11,560 | +€250 | +2.2% |
| Stocks | 30/36 | €11,310 | €11,560 | +€250 | +2.2% |
| Amounts receivable within one year | 40/41 | €80,952 | €96,358 | +€15,406 | +19.0% |
| Trade receivables | 40 | €80,952 | €96,358 | +€15,406 | +19.0% |
| Other amounts receivable | 41 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €63,721 | €88,068 | +€24,346 | +38.2% |
| Deferred charges and accrued income | 490/1 | €5,403 | €6,531 | +€1,129 | +20.9% |
| Total equity and liabilities | 10/49 | €1,034,336 | €979,106 | -€55,230 | -5.3% |
| Equity | 10/15 | €236,709 | €244,695 | +€7,986 | +3.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €218,109 | €226,095 | +€7,986 | +3.7% |
| Tax-exempt reserves | 132 | €14,000 | €14,000 | = | 0.0% |
| Distributable reserves | 133 | €204,109 | €212,095 | +€7,986 | +3.9% |
| Amounts payable | 17/49 | €797,627 | €734,411 | -€63,216 | -7.9% |
| Amounts payable after more than one year | 17 | €713,090 | €646,001 | -€67,089 | -9.4% |
| Financial debts | 170/4 | €713,090 | €646,001 | -€67,089 | -9.4% |
| Amounts payable within one year | 42/48 | €84,537 | €88,410 | +€3,873 | +4.6% |
| Current portion of amounts payable after more than one year | 42 | €65,620 | €67,089 | +€1,469 | +2.2% |
| Trade debts | 44 | €8,071 | €9,581 | +€1,510 | +18.7% |
| Suppliers | 440/4 | €8,071 | €9,581 | +€1,510 | +18.7% |
| Taxes, remuneration and social security | 45 | €10,846 | €11,601 | +€755 | +7.0% |
| Taxes | 450/3 | €10,846 | €11,601 | +€755 | +7.0% |
| Other amounts payable | 47/48 | - | €139 | +€139 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €147,950 | €117,712 | -€30,238 | -20.4% |
| Other operating charges | 640/8 | €5,188 | €6,286 | +€1,098 | +21.2% |
| Gross operating margin | 9900 | €181,363 | €146,769 | -€34,594 | -19.1% |
| Operating profit (loss) | 9901 | €28,226 | €22,771 | -€5,454 | -19.3% |
| Financial income | 75/76B | €1,978 | €881 | -€1,097 | -55.5% |
| Recurring financial income | 75 | €1,978 | €881 | -€1,097 | -55.5% |
| Financial charges | 65/66B | €14,711 | €13,270 | -€1,441 | -9.8% |
| Recurring financial charges | 65 | €14,711 | €13,270 | -€1,441 | -9.8% |
| Profit (loss) for the period before taxes | 9903 | €15,492 | €10,383 | -€5,110 | -33.0% |
| Income taxes | 67/77 | €1,991 | €2,397 | +€406 | +20.4% |
| Profit (loss) for the period | 9904 | €13,501 | €7,986 | -€5,516 | -40.9% |
| Profit (loss) for the period to be appropriated | 9905 | €13,501 | €7,986 | -€5,516 | -40.9% |
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 31 October 2026 via checked.be.