Smets Constructions: 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 Constructions
Largest movements
- Cash -€810
down €810 (-60.5%), from €1,339 to €528
mainly Net result for the year (-€2,263) and Investment in fixed assets (net) (-€506)
- Receivables within one year -€809
down €809 (-17.8%), from €4,546 to €3,736
of which Trade receivables: -€891
- Deferred charges and accrued income -€660
down €660 (-38.1%), from €1,731 to €1,071
- Tangible fixed assets +€447
new in 2025: €447
- Profit (loss) carried forward -€2,263
down €2,263 (-42.9%), from -€5,270 to -€7,533
- Accrued charges and deferred income +€431
up €431 (+233.1%), from €185 to €616
- Gross operating margin -€3,508
down €3,508, from €1,615 to -€1,893
- Other operating charges -€102
down €102 (-30.4%), from €335 to €233
- Financial charges -€64
down €64 (-45.0%), from €142 to €78
- Depreciation +€59
new in 2025: €59
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 | €7,615 | €5,783 | -€1,832 | -24.1% |
| Fixed assets | 21/28 | - | €447 | +€447 | |
| Tangible fixed assets | 22/27 | - | €447 | +€447 | |
| Plant, machinery and equipment | 23 | - | €447 | +€447 | |
| Current assets | 29/58 | €7,615 | €5,336 | -€2,279 | -29.9% |
| Amounts receivable within one year | 40/41 | €4,546 | €3,736 | -€809 | -17.8% |
| Trade receivables | 40 | €891 | - | -€891 | |
| Other amounts receivable | 41 | €3,655 | €3,736 | +€82 | +2.2% |
| Cash at bank and in hand | 54/58 | €1,339 | €528 | -€810 | -60.5% |
| Deferred charges and accrued income | 490/1 | €1,731 | €1,071 | -€660 | -38.1% |
| Total equity and liabilities | 10/49 | €7,615 | €5,783 | -€1,832 | -24.1% |
| Equity | 10/15 | €7,130 | €4,867 | -€2,263 | -31.7% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Outside capital | 11 | €12,400 | €12,400 | = | 0.0% |
| Other | 1109/19 | €12,400 | €12,400 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€5,270 | -€7,533 | -€2,263 | -42.9% |
| Amounts payable | 17/49 | €485 | €916 | +€431 | +88.9% |
| Amounts payable within one year | 42/48 | €300 | €300 | = | 0.0% |
| Trade debts | 44 | €300 | €300 | = | 0.0% |
| Suppliers | 440/4 | €300 | €300 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €185 | €616 | +€431 | +233.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €59 | +€59 | |
| Other operating charges | 640/8 | €335 | €233 | -€102 | -30.4% |
| Gross operating margin | 9900 | €1,615 | -€1,893 | -€3,508 | |
| Operating profit (loss) | 9901 | €1,280 | -€2,185 | -€3,465 | |
| Financial charges | 65/66B | €142 | €78 | -€64 | -45.0% |
| Recurring financial charges | 65 | €142 | €78 | -€64 | -45.0% |
| Profit (loss) for the period before taxes | 9903 | €1,138 | -€2,263 | -€3,402 | |
| Profit (loss) for the period | 9904 | €1,138 | -€2,263 | -€3,402 | |
| Profit (loss) for the period to be appropriated | 9905 | €1,138 | -€2,263 | -€3,402 |
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.