SMETS FARMA: 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 FARMA
Largest movements
- Receivables within one year +€38,781
up €38,781 (+33.0%), from €117,541 to €156,322
of which Other amounts receivable: +€35,379
- Stocks and contracts +€17,900
up €17,900 (+11.0%), from €162,592 to €180,492
- Cash -€11,359
down €11,359 (-30.5%), from €37,261 to €25,902
mainly Receivables within one year (-€38,781) and Debts after one year (-€30,635)
- Reserves +€39,868
up €39,868 (+16.7%), from €239,022 to €278,891
- Trade debts +€39,786
up €39,786 (+28.6%), from €139,114 to €178,900
- Debts after one year -€30,635
down €30,635 (-7.0%), from €434,927 to €404,292
- Gross operating margin -€24,803
down €24,803 (-9.7%), from €256,291 to €231,488
- Financial charges -€12,180
down €12,180 (-29.1%), from €41,822 to €29,641
- Staff costs +€11,783
up €11,783 (+14.0%), from €84,218 to €96,001
- Taxes -€9,103
down €9,103 (-30.5%), from €29,828 to €20,725
- Financial income -€5,686
down €5,686 (-38.7%), from €14,711 to €9,024
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 | €899,152 | €944,084 | +€44,931 | +5.0% |
| Fixed assets | 21/28 | €502,499 | €503,354 | +€855 | +0.2% |
| Tangible fixed assets | 22/27 | €502,499 | €503,354 | +€855 | +0.2% |
| Land and buildings | 22 | €493,271 | €497,090 | +€3,819 | +0.8% |
| Plant, machinery and equipment | 23 | €9,228 | €6,263 | -€2,964 | -32.1% |
| Current assets | 29/58 | €396,654 | €440,730 | +€44,077 | +11.1% |
| Stocks and contracts in progress | 3 | €162,592 | €180,492 | +€17,900 | +11.0% |
| Stocks | 30/36 | €162,592 | €180,492 | +€17,900 | +11.0% |
| Amounts receivable within one year | 40/41 | €117,541 | €156,322 | +€38,781 | +33.0% |
| Trade receivables | 40 | €90,296 | €93,698 | +€3,402 | +3.8% |
| Other amounts receivable | 41 | €27,245 | €62,624 | +€35,379 | +130% |
| Current investments | 50/53 | €56,991 | €53,876 | -€3,115 | -5.5% |
| Cash at bank and in hand | 54/58 | €37,261 | €25,902 | -€11,359 | -30.5% |
| Deferred charges and accrued income | 490/1 | €22,268 | €24,138 | +€1,870 | +8.4% |
| Total equity and liabilities | 10/49 | €899,152 | €944,084 | +€44,931 | +5.0% |
| Equity | 10/15 | €257,622 | €297,491 | +€39,868 | +15.5% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €239,022 | €278,891 | +€39,868 | +16.7% |
| Distributable reserves | 133 | €239,022 | €278,891 | +€39,868 | +16.7% |
| Amounts payable | 17/49 | €641,530 | €646,593 | +€5,063 | +0.8% |
| Amounts payable after more than one year | 17 | €434,927 | €404,292 | -€30,635 | -7.0% |
| Financial debts | 170/4 | €434,927 | €404,292 | -€30,635 | -7.0% |
| Amounts payable within one year | 42/48 | €206,096 | €241,794 | +€35,698 | +17.3% |
| Current portion of amounts payable after more than one year | 42 | €29,572 | €30,635 | +€1,064 | +3.6% |
| Trade debts | 44 | €139,114 | €178,900 | +€39,786 | +28.6% |
| Suppliers | 440/4 | €139,114 | €178,900 | +€39,786 | +28.6% |
| Taxes, remuneration and social security | 45 | €17,410 | €12,259 | -€5,151 | -29.6% |
| Taxes | 450/3 | €10,426 | €560 | -€9,865 | -94.6% |
| Remuneration and social security | 454/9 | €6,984 | €11,698 | +€4,714 | +67.5% |
| Other amounts payable | 47/48 | €20,000 | €20,000 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €507 | €507 | = | 0.0% |
| Remuneration, social security and pensions | 62 | €84,218 | €96,001 | +€11,783 | +14.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €21,107 | €20,945 | -€162 | -0.8% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €2,737 | - | -€2,737 | |
| Other operating charges | 640/8 | €5,544 | €5,045 | -€499 | -9.0% |
| Non-recurring operating charges | 66A | - | €8,287 | +€8,287 | |
| Gross operating margin | 9900 | €256,291 | €231,488 | -€24,803 | -9.7% |
| Operating profit (loss) | 9901 | €142,685 | €101,211 | -€41,474 | -29.1% |
| Financial income | 75/76B | €14,711 | €9,024 | -€5,686 | -38.7% |
| Recurring financial income | 75 | €14,711 | €9,024 | -€5,686 | -38.7% |
| Financial charges | 65/66B | €41,822 | €29,641 | -€12,180 | -29.1% |
| Recurring financial charges | 65 | €41,822 | €29,641 | -€12,180 | -29.1% |
| Profit (loss) for the period before taxes | 9903 | €115,574 | €80,594 | -€34,981 | -30.3% |
| Income taxes | 67/77 | €29,828 | €20,725 | -€9,103 | -30.5% |
| Profit (loss) for the period | 9904 | €85,746 | €59,868 | -€25,878 | -30.2% |
| Profit (loss) for the period to be appropriated | 9905 | €85,746 | €59,868 | -€25,878 | -30.2% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 October 2026 via checked.be.