SMETS CONCEPT STORE BRUSSELS: 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.
SMETS CONCEPT STORE BRUSSELS
Largest movements
- Tangible fixed assets -€504,816
down €504,816 (-14.7%), from €3.4m to €2.9m
of which Leasing and similar rights: -€475,397
- Receivables within one year +€322,932
up €322,932 (+678%), from €47,603 to €370,535
of which Other amounts receivable: +€161,609
- Cash -€39,885
down €39,885 (-46.7%), from €85,434 to €45,549
mainly Debts after one year (-€496,286) and Receivables within one year (-€322,932)
- Debts after one year -€496,286
down €496,286 (-15.1%), from €3.3m to €2.8m
- Trade debts +€405,403
up €405,403 (+83.0%), from €488,218 to €893,621
- Profit (loss) carried forward -€90,158
down €90,158 (-0.9%), from -€9.7m to -€9.8m
- Investment grants -€75,682
down €75,682 (-16.7%), from €454,093 to €378,411
- Staff costs -€86,650
down €86,650 (-28.6%), from €303,181 to €216,531
- Depreciation -€75,247
down €75,247 (-13.0%), from €580,063 to €504,816
- Other operating charges -€63,863
down €63,863 (-13.7%), from €466,412 to €402,550
- Gross operating margin -€53,842
down €53,842 (-4.4%), from €1.2m to €1.2m
- Financial charges -€31,682
down €31,682 (-13.5%), from €234,918 to €203,236
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 | €3,929,006 | €3,679,713 | -€249,294 | -6.3% |
| Fixed assets | 21/28 | €3,426,194 | €2,921,378 | -€504,816 | -14.7% |
| Tangible fixed assets | 22/27 | €3,425,834 | €2,921,018 | -€504,816 | -14.7% |
| Plant, machinery and equipment | 23 | €28,616 | €17,299 | -€11,316 | -39.5% |
| Furniture and vehicles | 24 | €17,488 | €10,739 | -€6,749 | -38.6% |
| Leasing and similar rights | 25 | €3,342,270 | €2,866,873 | -€475,397 | -14.2% |
| Other tangible fixed assets | 26 | €37,460 | €26,107 | -€11,353 | -30.3% |
| Financial fixed assets | 28 | €360 | €360 | = | 0.0% |
| Current assets | 29/58 | €502,812 | €758,335 | +€255,522 | +50.8% |
| Stocks and contracts in progress | 3 | €361,027 | €334,288 | -€26,740 | -7.4% |
| Stocks | 30/36 | €361,027 | €334,288 | -€26,740 | -7.4% |
| Amounts receivable within one year | 40/41 | €47,603 | €370,535 | +€322,932 | +678% |
| Trade receivables | 40 | €33,513 | €194,836 | +€161,323 | +481% |
| Other amounts receivable | 41 | €14,090 | €175,699 | +€161,609 | +1,147% |
| Cash at bank and in hand | 54/58 | €85,434 | €45,549 | -€39,885 | -46.7% |
| Deferred charges and accrued income | 490/1 | €8,748 | €7,963 | -€785 | -9.0% |
| Total equity and liabilities | 10/49 | €3,929,006 | €3,679,713 | -€249,294 | -6.3% |
| Equity | 10/15 | -€336,909 | -€502,750 | -€165,840 | -49.2% |
| Contributions | 10/11 | €8,925,196 | €8,925,196 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€9,716,199 | -€9,806,356 | -€90,158 | -0.9% |
| Investment grants | 15 | €454,093 | €378,411 | -€75,682 | -16.7% |
| Amounts payable | 17/49 | €4,265,916 | €4,182,462 | -€83,453 | -2.0% |
| Amounts payable after more than one year | 17 | €3,280,642 | €2,784,356 | -€496,286 | -15.1% |
| Financial debts | 170/4 | €3,280,642 | €2,784,356 | -€496,286 | -15.1% |
| Amounts payable within one year | 42/48 | €985,273 | €1,398,106 | +€412,833 | +41.9% |
| Current portion of amounts payable after more than one year | 42 | €468,839 | €496,286 | +€27,447 | +5.9% |
| Trade debts | 44 | €488,218 | €893,621 | +€405,403 | +83.0% |
| Suppliers | 440/4 | €488,218 | €893,621 | +€405,403 | +83.0% |
| Taxes, remuneration and social security | 45 | €24,789 | €7,846 | -€16,943 | -68.3% |
| Taxes | 450/3 | €0 | - | = | |
| Remuneration and social security | 454/9 | €24,789 | €7,846 | -€16,943 | -68.3% |
| Other amounts payable | 47/48 | €3,428 | €353 | -€3,075 | -89.7% |
| Non-recurring operating income | 76A | €0 | €6,113 | +€6,113 | |
| Remuneration, social security and pensions | 62 | €303,181 | €216,531 | -€86,650 | -28.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €580,063 | €504,816 | -€75,247 | -13.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €0 | €659 | +€659 | |
| Other operating charges | 640/8 | €466,412 | €402,550 | -€63,863 | -13.7% |
| Gross operating margin | 9900 | €1,211,253 | €1,157,411 | -€53,842 | -4.4% |
| Operating profit (loss) | 9901 | -€138,403 | €32,856 | +€171,258 | |
| Financial income | 75/76B | €86,205 | €80,352 | -€5,852 | -6.8% |
| Recurring financial income | 75 | €86,205 | €80,352 | -€5,852 | -6.8% |
| Financial charges | 65/66B | €234,918 | €203,236 | -€31,682 | -13.5% |
| Recurring financial charges | 65 | €234,918 | €203,236 | -€31,682 | -13.5% |
| Profit (loss) for the period before taxes | 9903 | -€287,117 | -€90,029 | +€197,088 | +68.6% |
| Income taxes | 67/77 | €0 | €129 | +€129 | |
| Profit (loss) for the period | 9904 | -€287,117 | -€90,158 | +€196,959 | +68.6% |
| Profit (loss) for the period to be appropriated | 9905 | -€287,117 | -€90,158 | +€196,959 | +68.6% |
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 14 October 2026 via checked.be.