Smetryns Andy: what changed
Two fiscal 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.
Smetryns Andy
Largest movements
- Tangible fixed assets -€18,802
down €18,802 (-2.5%), from €766,405 to €747,603
of which Land and buildings: -€14,789
- Receivables within one year -€15,881
down €15,881 (-31.4%), from €50,527 to €34,646
of which Trade receivables: -€14,390
- Debts after one year -€27,745
down €27,745 (-4.8%), from €573,132 to €545,387
- Reserves -€12,307
down €12,307 (-43.9%), from €28,043 to €15,736
- Trade debts -€9,960
down €9,960 (-39.6%), from €25,144 to €15,184
- Gross operating margin +€16,602
up €16,602 (+43.6%), from €38,081 to €54,683
- Depreciation +€9,201
up €9,201 (+31.2%), from €29,509 to €38,710
- Financial charges +€6,337
up €6,337 (+36.3%), from €17,444 to €23,781
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 | €828,272 | €790,087 | -€38,184 | -4.6% |
| Fixed assets | 21/28 | €766,405 | €747,603 | -€18,802 | -2.5% |
| Tangible fixed assets | 22/27 | €766,405 | €747,603 | -€18,802 | -2.5% |
| Land and buildings | 22 | €708,052 | €693,263 | -€14,789 | -2.1% |
| Plant, machinery and equipment | 23 | €36,423 | €41,845 | +€5,422 | +14.9% |
| Furniture and vehicles | 24 | €21,930 | €12,495 | -€9,435 | -43.0% |
| Financial fixed assets | 28 | €0 | - | = | |
| Current assets | 29/58 | €61,867 | €42,485 | -€19,382 | -31.3% |
| Amounts receivable within one year | 40/41 | €50,527 | €34,646 | -€15,881 | -31.4% |
| Trade receivables | 40 | €43,388 | €28,998 | -€14,390 | -33.2% |
| Other amounts receivable | 41 | €7,138 | €5,648 | -€1,490 | -20.9% |
| Cash at bank and in hand | 54/58 | €11,066 | €7,839 | -€3,228 | -29.2% |
| Deferred charges and accrued income | 490/1 | €274 | €0 | -€274 | -100.0% |
| Total equity and liabilities | 10/49 | €828,272 | €790,087 | -€38,184 | -4.6% |
| Equity | 10/15 | €32,043 | €19,736 | -€12,307 | -38.4% |
| Contributions | 10/11 | €4,000 | €4,000 | = | 0.0% |
| Reserves | 13 | €28,043 | €15,736 | -€12,307 | -43.9% |
| Distributable reserves | 133 | €28,043 | €15,736 | -€12,307 | -43.9% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Amounts payable | 17/49 | €796,229 | €770,351 | -€25,878 | -3.3% |
| Amounts payable after more than one year | 17 | €573,132 | €545,387 | -€27,745 | -4.8% |
| Financial debts | 170/4 | €573,132 | €545,387 | -€27,745 | -4.8% |
| Amounts payable within one year | 42/48 | €223,024 | €224,691 | +€1,666 | +0.7% |
| Current portion of amounts payable after more than one year | 42 | €32,760 | €38,362 | +€5,601 | +17.1% |
| Trade debts | 44 | €25,144 | €15,184 | -€9,960 | -39.6% |
| Suppliers | 440/4 | €25,144 | €15,184 | -€9,960 | -39.6% |
| Taxes, remuneration and social security | 45 | €2,717 | €1,602 | -€1,115 | -41.0% |
| Taxes | 450/3 | €1,622 | €1,602 | -€20 | -1.2% |
| Remuneration and social security | 454/9 | €1,095 | €0 | -€1,095 | -100.0% |
| Other amounts payable | 47/48 | €162,404 | €169,544 | +€7,140 | +4.4% |
| Accrued charges and deferred income | 492/3 | €72 | €273 | +€201 | +278.7% |
| Non-recurring operating income | 76A | €3,500 | €0 | -€3,500 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €29,509 | €38,710 | +€9,201 | +31.2% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€350 | €0 | +€350 | |
| Other operating charges | 640/8 | €4,731 | €4,324 | -€406 | -8.6% |
| Gross operating margin | 9900 | €38,081 | €54,683 | +€16,602 | +43.6% |
| Operating profit (loss) | 9901 | €4,191 | €11,649 | +€7,457 | +177.9% |
| Financial income | 75/76B | €0 | €1 | +€1 | |
| Recurring financial income | 75 | €0 | €1 | +€1 | |
| Financial charges | 65/66B | €17,444 | €23,781 | +€6,337 | +36.3% |
| Recurring financial charges | 65 | €17,444 | €23,781 | +€6,337 | +36.3% |
| Profit (loss) for the period before taxes | 9903 | -€13,253 | -€12,131 | +€1,122 | +8.5% |
| Income taxes | 67/77 | €176 | €176 | = | 0.0% |
| Profit (loss) for the period | 9904 | -€13,429 | -€12,307 | +€1,122 | +8.4% |
| Profit (loss) for the period to be appropriated | 9905 | -€13,429 | -€12,307 | +€1,122 | +8.4% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.