SMETS HANS: 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 HANS
Largest movements
- Cash +€31,350
up €31,350 (+154%), from €20,389 to €51,739
mainly Other debts (+€37,711) and Net result for the year (+€29,230)
- Tangible fixed assets +€29,392
up €29,392 (+153%), from €19,197 to €48,589
of which Leasing and similar rights: +€28,028
- Receivables within one year +€3,043
up €3,043 (+18.7%), from €16,306 to €19,348
of which Trade receivables: +€3,043
- Other debts +€37,711
up €37,711 (+811%), from €4,649 to €42,360
- Debts after one year +€26,598
up €26,598, from €0 to €26,598
- Reserves -€13,306
down €13,306 (-31.3%), from €42,536 to €29,230
- Current portion of long-term debt +€8,749
up €8,749 (+463%), from €1,891 to €10,639
- Tax, wage and social debts +€2,712
up €2,712 (+42.6%), from €6,362 to €9,073
- Gross operating margin +€26,001
up €26,001 (+102%), from €25,504 to €51,506
- Taxes +€9,365
up €9,365 (+343%), from €2,728 to €12,093
- Depreciation -€4,740
down €4,740 (-41.1%), from €11,529 to €6,789
- Other operating charges -€522
down €522 (-14.5%), from €3,608 to €3,086
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 | €56,426 | €120,221 | +€63,794 | +113% |
| Fixed assets | 21/28 | €19,197 | €48,589 | +€29,392 | +153% |
| Tangible fixed assets | 22/27 | €19,197 | €48,589 | +€29,392 | +153% |
| Land and buildings | 22 | €5,705 | €4,686 | -€1,019 | -17.9% |
| Plant, machinery and equipment | 23 | €1,674 | €5,185 | +€3,511 | +210% |
| Furniture and vehicles | 24 | €1,276 | €149 | -€1,127 | -88.3% |
| Leasing and similar rights | 25 | €10,541 | €38,570 | +€28,028 | +266% |
| Current assets | 29/58 | €37,230 | €71,632 | +€34,402 | +92.4% |
| Amounts receivable within one year | 40/41 | €16,306 | €19,348 | +€3,043 | +18.7% |
| Trade receivables | 40 | €16,034 | €19,076 | +€3,043 | +19.0% |
| Other amounts receivable | 41 | €272 | €272 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €20,389 | €51,739 | +€31,350 | +154% |
| Deferred charges and accrued income | 490/1 | €535 | €545 | +€10 | +1.8% |
| Total equity and liabilities | 10/49 | €56,426 | €120,221 | +€63,794 | +113% |
| Equity | 10/15 | €43,036 | €29,730 | -€13,306 | -30.9% |
| Contributions | 10/11 | €500 | €500 | = | 0.0% |
| Reserves | 13 | €42,536 | €29,230 | -€13,306 | -31.3% |
| Distributable reserves | 133 | €42,536 | €29,230 | -€13,306 | -31.3% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €13,390 | €90,491 | +€77,100 | +576% |
| Amounts payable after more than one year | 17 | €0 | €26,598 | +€26,598 | |
| Financial debts | 170/4 | €0 | €26,598 | +€26,598 | |
| Amounts payable within one year | 42/48 | €13,390 | €63,892 | +€50,502 | +377% |
| Current portion of amounts payable after more than one year | 42 | €1,891 | €10,639 | +€8,749 | +463% |
| Trade debts | 44 | €489 | €1,820 | +€1,331 | +272% |
| Suppliers | 440/4 | €489 | €1,820 | +€1,331 | +272% |
| Taxes, remuneration and social security | 45 | €6,362 | €9,073 | +€2,712 | +42.6% |
| Taxes | 450/3 | €6,362 | €9,073 | +€2,712 | +42.6% |
| Other amounts payable | 47/48 | €4,649 | €42,360 | +€37,711 | +811% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,529 | €6,789 | -€4,740 | -41.1% |
| Other operating charges | 640/8 | €3,608 | €3,086 | -€522 | -14.5% |
| Gross operating margin | 9900 | €25,504 | €51,506 | +€26,001 | +102% |
| Operating profit (loss) | 9901 | €10,368 | €41,631 | +€31,264 | +302% |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €256 | €308 | +€52 | +20.2% |
| Recurring financial charges | 65 | €256 | €308 | +€52 | +20.2% |
| Profit (loss) for the period before taxes | 9903 | €10,111 | €41,323 | +€31,212 | +309% |
| Income taxes | 67/77 | €2,728 | €12,093 | +€9,365 | +343% |
| Profit (loss) for the period | 9904 | €7,383 | €29,230 | +€21,847 | +296% |
| Profit (loss) for the period to be appropriated | 9905 | €7,383 | €29,230 | +€21,847 | +296% |
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 21 October 2026 via checked.be.