SMETANA: 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.
SMETANA
Largest movements
- Receivables within one year -€6,073
down €6,073 (-17.8%), from €34,148 to €28,074
of which Other amounts receivable: -€4,568
- Tangible fixed assets -€4,928
down €4,928 (-5.3%), from €93,855 to €88,928
- Deferred charges and accrued income -€4,306
down €4,306 (-100%), from €4,306 to €0
- Cash -€3,374
down €3,374 (-51.4%), from €6,565 to €3,191
mainly Debts after one year (-€18,478) and Tax, wage and social debts (-€5,645)
- Debts after one year -€18,478
down €18,478 (-81.2%), from €22,753 to €4,274
- Reserves +€9,247
up €9,247 (+15.1%), from €61,280 to €70,527
- Tax, wage and social debts -€5,645
down €5,645 (-100%), from €5,645 to €0
- Current portion of long-term debt -€2,413
down €2,413 (-11.5%), from €20,891 to €18,478
- Trade debts -€1,392
down €1,392 (-92.5%), from €1,505 to €113
- Gross operating margin +€1,127
up €1,127 (+4.9%), from €23,025 to €24,153
- Financial charges -€589
down €589 (-34.6%), from €1,704 to €1,115
- Taxes +€516
up €516 (+13.6%), from €3,800 to €4,315
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 | €138,874 | €120,193 | -€18,681 | -13.5% |
| Fixed assets | 21/28 | €93,855 | €88,928 | -€4,928 | -5.3% |
| Tangible fixed assets | 22/27 | €93,855 | €88,928 | -€4,928 | -5.3% |
| Land and buildings | 22 | €93,855 | €88,928 | -€4,928 | -5.3% |
| Current assets | 29/58 | €45,019 | €31,265 | -€13,753 | -30.6% |
| Amounts receivable within one year | 40/41 | €34,148 | €28,074 | -€6,073 | -17.8% |
| Trade receivables | 40 | €1,505 | €0 | -€1,505 | -100% |
| Other amounts receivable | 41 | €32,642 | €28,074 | -€4,568 | -14.0% |
| Cash at bank and in hand | 54/58 | €6,565 | €3,191 | -€3,374 | -51.4% |
| Deferred charges and accrued income | 490/1 | €4,306 | €0 | -€4,306 | -100% |
| Total equity and liabilities | 10/49 | €138,874 | €120,193 | -€18,681 | -13.5% |
| Equity | 10/15 | €79,830 | €89,077 | +€9,247 | +11.6% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Reserves | 13 | €61,280 | €70,527 | +€9,247 | +15.1% |
| Distributable reserves | 133 | €61,280 | €70,527 | +€9,247 | +15.1% |
| Amounts payable | 17/49 | €59,044 | €31,116 | -€27,928 | -47.3% |
| Amounts payable after more than one year | 17 | €22,753 | €4,274 | -€18,478 | -81.2% |
| Financial debts | 170/4 | €22,753 | €4,274 | -€18,478 | -81.2% |
| Amounts payable within one year | 42/48 | €33,041 | €23,591 | -€9,450 | -28.6% |
| Current portion of amounts payable after more than one year | 42 | €20,891 | €18,478 | -€2,413 | -11.5% |
| Trade debts | 44 | €1,505 | €113 | -€1,392 | -92.5% |
| Suppliers | 440/4 | €1,505 | €113 | -€1,392 | -92.5% |
| Taxes, remuneration and social security | 45 | €5,645 | €0 | -€5,645 | -100% |
| Taxes | 450/3 | €5,645 | €0 | -€5,645 | -100% |
| Other amounts payable | 47/48 | €5,000 | €5,000 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €3,250 | €3,250 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,900 | €6,923 | +€22 | +0.3% |
| Other operating charges | 640/8 | €2,479 | €2,552 | +€73 | +3.0% |
| Gross operating margin | 9900 | €23,025 | €24,153 | +€1,127 | +4.9% |
| Operating profit (loss) | 9901 | €13,646 | €14,678 | +€1,032 | +7.6% |
| Financial income | 75/76B | €0 | - | = | |
| Recurring financial income | 75 | €0 | - | = | |
| Financial charges | 65/66B | €1,704 | €1,115 | -€589 | -34.6% |
| Recurring financial charges | 65 | €1,704 | €1,115 | -€589 | -34.6% |
| Profit (loss) for the period before taxes | 9903 | €11,942 | €13,563 | +€1,620 | +13.6% |
| Income taxes | 67/77 | €3,800 | €4,315 | +€516 | +13.6% |
| Profit (loss) for the period | 9904 | €8,143 | €9,247 | +€1,105 | +13.6% |
| Profit (loss) for the period to be appropriated | 9905 | €8,143 | €9,247 | +€1,105 | +13.6% |
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 29 October 2026 via checked.be.