SMETS CONSULTANCY: 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 CONSULTANCY
Largest movements
- Cash -€40,822
down €40,822 (-55.1%), from €74,040 to €33,218
mainly Net result for the year (-€36,300) and Investment in fixed assets (net) (-€26,380)
- Receivables within one year +€9,680
new in 2025: €9,680
- Tangible fixed assets -€8,606
down €8,606 (-2.4%), from €352,125 to €343,518
of which Land and buildings: -€21,514
- Profit (loss) carried forward -€36,300
down €36,300 (-5.4%), from -€669,511 to -€705,811
- Debts after one year -€15,000
down €15,000 (-15.0%), from €100,000 to €85,000
- Tax, wage and social debts +€5,059
up €5,059 (+379.1%), from €1,334 to €6,394
- Trade debts +€4,574
up €4,574 (+653.7%), from €700 to €5,273
- Gross operating margin +€1,782
up €1,782 (+32.5%), from €5,482 to €7,264
- Depreciation -€1,609
down €1,609 (-4.4%), from €36,595 to €34,986
- Other operating charges +€775
up €775 (+14.7%), from €5,273 to €6,048
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 | €426,164 | €386,416 | -€39,748 | -9.3% |
| Fixed assets | 21/28 | €352,125 | €343,518 | -€8,606 | -2.4% |
| Tangible fixed assets | 22/27 | €352,125 | €343,518 | -€8,606 | -2.4% |
| Land and buildings | 22 | €347,602 | €326,088 | -€21,514 | -6.2% |
| Plant, machinery and equipment | 23 | €4,522 | €17,430 | +€12,908 | +285.4% |
| Current assets | 29/58 | €74,040 | €42,898 | -€31,142 | -42.1% |
| Amounts receivable within one year | 40/41 | - | €9,680 | +€9,680 | |
| Other amounts receivable | 41 | - | €9,680 | +€9,680 | |
| Cash at bank and in hand | 54/58 | €74,040 | €33,218 | -€40,822 | -55.1% |
| Total equity and liabilities | 10/49 | €426,164 | €386,416 | -€39,748 | -9.3% |
| Equity | 10/15 | €322,063 | €285,764 | -€36,300 | -11.3% |
| Contributions | 10/11 | €991,574 | €991,574 | = | 0.0% |
| Capital | 10 | €991,574 | €991,574 | = | 0.0% |
| Issued capital | 100 | €991,574 | €991,574 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€669,511 | -€705,811 | -€36,300 | -5.4% |
| Amounts payable | 17/49 | €104,101 | €100,653 | -€3,448 | -3.3% |
| Amounts payable after more than one year | 17 | €100,000 | €85,000 | -€15,000 | -15.0% |
| Other amounts payable | 178/9 | €100,000 | €85,000 | -€15,000 | -15.0% |
| Amounts payable within one year | 42/48 | €4,101 | €15,653 | +€11,552 | +281.7% |
| Trade debts | 44 | €700 | €5,273 | +€4,574 | +653.7% |
| Suppliers | 440/4 | €700 | €5,273 | +€4,574 | +653.7% |
| Taxes, remuneration and social security | 45 | €1,334 | €6,394 | +€5,059 | +379.1% |
| Taxes | 450/3 | €1,334 | €6,394 | +€5,059 | +379.1% |
| Other amounts payable | 47/48 | €2,067 | €3,986 | +€1,919 | +92.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €36,595 | €34,986 | -€1,609 | -4.4% |
| Other operating charges | 640/8 | €5,273 | €6,048 | +€775 | +14.7% |
| Non-recurring operating charges | 66A | - | €1,607 | +€1,607 | |
| Gross operating margin | 9900 | €5,482 | €7,264 | +€1,782 | +32.5% |
| Operating profit (loss) | 9901 | -€36,386 | -€35,376 | +€1,010 | +2.8% |
| Financial charges | 65/66B | €365 | €413 | +€48 | +13.2% |
| Recurring financial charges | 65 | €365 | €413 | +€48 | +13.2% |
| Profit (loss) for the period before taxes | 9903 | -€36,751 | -€35,789 | +€962 | +2.6% |
| Income taxes | 67/77 | €500 | €511 | +€11 | +2.2% |
| Profit (loss) for the period | 9904 | -€37,251 | -€36,300 | +€951 | +2.6% |
| Profit (loss) for the period to be appropriated | 9905 | -€37,251 | -€36,300 | +€951 | +2.6% |
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 9 October 2026 via checked.be.