SMETS & C°: 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.
SMETS & C°
Largest movements
- Tangible fixed assets -€69,327
down €69,327 (-11.4%), from €608,482 to €539,155
of which Furniture and vehicles: -€38,271
- Cash +€47,011
up €47,011 (+27.8%), from €169,110 to €216,121
mainly Depreciation (+€69,327) and Net result for the year (+€61,586)
- Receivables within one year -€44,476
down €44,476 (-38.6%), from €115,135 to €70,659
of which Trade receivables: -€41,019
- Other debts -€74,529
down €74,529 (-65.3%), from €114,166 to €39,636
- Reserves +€61,586
up €61,586 (+7.3%), from €845,227 to €906,813
- Debts after one year -€21,530
down €21,530 (-59.7%), from €36,074 to €14,544
- Tax, wage and social debts -€18,857
down €18,857 (-49.0%), from €38,465 to €19,608
of which Remuneration and social security: -€24,387
- Trade debts -€17,805
down €17,805 (-53.6%), from €33,221 to €15,416
- Staff costs -€22,685
down €22,685 (-10.0%), from €225,787 to €203,102
- Gross operating margin +€12,198
up €12,198 (+3.5%), from €349,931 to €362,128
- Depreciation +€10,503
up €10,503 (+17.9%), from €58,824 to €69,327
- Taxes +€7,105
up €7,105 (+42.3%), from €16,793 to €23,897
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 | €1,115,120 | €1,046,102 | -€69,018 | -6.2% |
| Fixed assets | 21/28 | €613,142 | €543,940 | -€69,203 | -11.3% |
| Tangible fixed assets | 22/27 | €608,482 | €539,155 | -€69,327 | -11.4% |
| Land and buildings | 22 | €393,103 | €380,950 | -€12,152 | -3.1% |
| Plant, machinery and equipment | 23 | €110,762 | €91,859 | -€18,903 | -17.1% |
| Furniture and vehicles | 24 | €104,617 | €66,346 | -€38,271 | -36.6% |
| Financial fixed assets | 28 | €4,661 | €4,784 | +€124 | +2.7% |
| Current assets | 29/58 | €501,978 | €502,163 | +€185 | 0.0% |
| Amounts receivable after more than one year | 29 | €129,411 | €129,411 | = | 0.0% |
| Other amounts receivable | 291 | €129,411 | €129,411 | = | 0.0% |
| Stocks and contracts in progress | 3 | €75,944 | €72,297 | -€3,647 | -4.8% |
| Stocks | 30/36 | €75,944 | €72,297 | -€3,647 | -4.8% |
| Amounts receivable within one year | 40/41 | €115,135 | €70,659 | -€44,476 | -38.6% |
| Trade receivables | 40 | €81,845 | €40,826 | -€41,019 | -50.1% |
| Other amounts receivable | 41 | €33,290 | €29,833 | -€3,457 | -10.4% |
| Cash at bank and in hand | 54/58 | €169,110 | €216,121 | +€47,011 | +27.8% |
| Deferred charges and accrued income | 490/1 | €12,377 | €13,673 | +€1,296 | +10.5% |
| Total equity and liabilities | 10/49 | €1,115,120 | €1,046,102 | -€69,018 | -6.2% |
| Equity | 10/15 | €867,254 | €928,840 | +€61,586 | +7.1% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €845,227 | €906,813 | +€61,586 | +7.3% |
| Distributable reserves | 133 | €845,227 | €906,813 | +€61,586 | +7.3% |
| Profit (loss) carried forward | 14 | €3,435 | €3,435 | = | 0.0% |
| Amounts payable | 17/49 | €247,866 | €117,262 | -€130,604 | -52.7% |
| Amounts payable after more than one year | 17 | €36,074 | €14,544 | -€21,530 | -59.7% |
| Financial debts | 170/4 | €36,074 | €14,544 | -€21,530 | -59.7% |
| Amounts payable within one year | 42/48 | €207,043 | €97,968 | -€109,074 | -52.7% |
| Current portion of amounts payable after more than one year | 42 | €21,191 | €23,308 | +€2,118 | +10.0% |
| Trade debts | 44 | €33,221 | €15,416 | -€17,805 | -53.6% |
| Suppliers | 440/4 | €33,221 | €15,416 | -€17,805 | -53.6% |
| Taxes, remuneration and social security | 45 | €38,465 | €19,608 | -€18,857 | -49.0% |
| Taxes | 450/3 | €2,720 | €8,250 | +€5,530 | +203.3% |
| Remuneration and social security | 454/9 | €35,745 | €11,358 | -€24,387 | -68.2% |
| Other amounts payable | 47/48 | €114,166 | €39,636 | -€74,529 | -65.3% |
| Accrued charges and deferred income | 492/3 | €4,750 | €4,750 | = | 0.0% |
| Remuneration, social security and pensions | 62 | €225,787 | €203,102 | -€22,685 | -10.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €58,824 | €69,327 | +€10,503 | +17.9% |
| Other operating charges | 640/8 | €7,771 | €6,739 | -€1,031 | -13.3% |
| Gross operating margin | 9900 | €349,931 | €362,128 | +€12,198 | +3.5% |
| Operating profit (loss) | 9901 | €57,549 | €82,960 | +€25,412 | +44.2% |
| Financial income | 75/76B | €4,143 | €4,378 | +€235 | +5.7% |
| Recurring financial income | 75 | €4,143 | €4,378 | +€235 | +5.7% |
| Financial charges | 65/66B | €1,842 | €1,856 | +€13 | +0.7% |
| Recurring financial charges | 65 | €1,842 | €1,856 | +€13 | +0.7% |
| Profit (loss) for the period before taxes | 9903 | €59,850 | €85,483 | +€25,634 | +42.8% |
| Income taxes | 67/77 | €16,793 | €23,897 | +€7,105 | +42.3% |
| Profit (loss) for the period | 9904 | €43,057 | €61,586 | +€18,529 | +43.0% |
| Profit (loss) for the period to be appropriated | 9905 | €43,057 | €61,586 | +€18,529 | +43.0% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.