SMET-TEC: 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-TEC
Largest movements
- Tangible fixed assets -€13,226
down €13,226 (-46.5%), from €28,436 to €15,210
of which Furniture and vehicles: -€12,405
- Cash +€3,713
up €3,713 (+87.1%), from €4,266 to €7,979
mainly Depreciation (+€13,226) and Trade debts (+€6,345)
- Profit (loss) carried forward -€14,001
new in 2025: -€14,001
- Trade debts +€6,345
up €6,345 (+32.7%), from €19,412 to €25,757
- Other debts -€3,127
down €3,127 (-10.4%), from €30,204 to €27,076
- Tax, wage and social debts +€1,314
up €1,314 (+866.3%), from €152 to €1,466
- Gross operating margin -€14,032
down €14,032, from €13,736 to -€295
- Depreciation +€1,964
up €1,964 (+17.4%), from €11,262 to €13,226
- Financial charges -€287
down €287 (-63.0%), from €455 to €168
- Taxes -€152
no longer reported in 2025 (was €152)
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 | €56,284 | €46,815 | -€9,469 | -16.8% |
| Fixed assets | 21/28 | €28,436 | €15,210 | -€13,226 | -46.5% |
| Tangible fixed assets | 22/27 | €28,436 | €15,210 | -€13,226 | -46.5% |
| Plant, machinery and equipment | 23 | €1,592 | €771 | -€821 | -51.6% |
| Furniture and vehicles | 24 | €26,844 | €14,439 | -€12,405 | -46.2% |
| Current assets | 29/58 | €27,848 | €31,605 | +€3,757 | +13.5% |
| Amounts receivable within one year | 40/41 | €23,583 | €23,626 | +€43 | +0.2% |
| Trade receivables | 40 | €9,744 | €23,626 | +€13,882 | +142.5% |
| Other amounts receivable | 41 | €13,838 | - | -€13,838 | |
| Cash at bank and in hand | 54/58 | €4,266 | €7,979 | +€3,713 | +87.1% |
| Total equity and liabilities | 10/49 | €56,284 | €46,815 | -€9,469 | -16.8% |
| Equity | 10/15 | €6,517 | -€7,484 | -€14,001 | |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €1,517 | €1,517 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,517 | €1,517 | = | 0.0% |
| Other | 1319 | €1,517 | €1,517 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | -€14,001 | -€14,001 | |
| Amounts payable | 17/49 | €49,767 | €54,299 | +€4,532 | +9.1% |
| Amounts payable within one year | 42/48 | €49,767 | €54,299 | +€4,532 | +9.1% |
| Trade debts | 44 | €19,412 | €25,757 | +€6,345 | +32.7% |
| Suppliers | 440/4 | €19,412 | €25,757 | +€6,345 | +32.7% |
| Taxes, remuneration and social security | 45 | €152 | €1,466 | +€1,314 | +866.3% |
| Taxes | 450/3 | €152 | €1,466 | +€1,314 | +866.3% |
| Other amounts payable | 47/48 | €30,204 | €27,076 | -€3,127 | -10.4% |
| Non-recurring operating income | 76A | €38,589 | - | -€38,589 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,262 | €13,226 | +€1,964 | +17.4% |
| Other operating charges | 640/8 | €351 | €312 | -€39 | -11.2% |
| Gross operating margin | 9900 | €13,736 | -€295 | -€14,032 | |
| Operating profit (loss) | 9901 | €2,123 | -€13,833 | -€15,957 | |
| Financial income | 75/76B | €0 | - | -€0 | |
| Recurring financial income | 75 | €0 | - | -€0 | |
| Financial charges | 65/66B | €455 | €168 | -€287 | -63.0% |
| Recurring financial charges | 65 | €455 | €168 | -€287 | -63.0% |
| Profit (loss) for the period before taxes | 9903 | €1,669 | -€14,001 | -€15,670 | |
| Income taxes | 67/77 | €152 | - | -€152 | |
| Profit (loss) for the period | 9904 | €1,517 | -€14,001 | -€15,519 | |
| Profit (loss) for the period to be appropriated | 9905 | €1,517 | -€14,001 | -€15,519 |
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.