SMETS HOME: 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 HOME
Largest movements
- Tangible fixed assets +€327,300
new in 2025: €327,300
- Stocks and contracts +€117,243
new in 2025: €117,243
- Cash +€28,505
up €28,505 (+6,232%), from €457 to €28,962
mainly Debts after one year (+€318,387) and Other debts (+€138,508)
- Debts after one year +€318,387
up €318,387 (+8,844%), from €3,600 to €321,987
of which Financial debts: +€318,387
- Other debts +€138,508
up €138,508 (+3,649%), from €3,796 to €142,304
- Short-term financial debts +€69,650
up €69,650 (+353,194%), from €20 to €69,670
- Profit (loss) carried forward -€53,450
down €53,450 (-768%), from -€6,958 to -€60,408
- Depreciation +€30,527
new in 2025: €30,527
- Gross operating margin -€12,429
down €12,429 (-337%), from -€3,685 to -€16,114
- Financial charges +€4,629
up €4,629 (+2,021%), from €229 to €4,858
- Other operating charges +€1,950
new in 2025: €1,950
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 | €60,457 | €533,552 | +€473,095 | +783% |
| Fixed assets | 21/28 | - | €327,300 | +€327,300 | |
| Tangible fixed assets | 22/27 | - | €327,300 | +€327,300 | |
| Land and buildings | 22 | - | €327,300 | +€327,300 | |
| Current assets | 29/58 | €60,457 | €206,252 | +€145,794 | +241% |
| Stocks and contracts in progress | 3 | - | €117,243 | +€117,243 | |
| Stocks | 30/36 | - | €117,243 | +€117,243 | |
| Amounts receivable within one year | 40/41 | €60,000 | €60,000 | = | 0.0% |
| Other amounts receivable | 41 | €60,000 | €60,000 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €457 | €28,962 | +€28,505 | +6,232% |
| Deferred charges and accrued income | 490/1 | - | €46 | +€46 | |
| Total equity and liabilities | 10/49 | €60,457 | €533,552 | +€473,095 | +783% |
| Equity | 10/15 | €53,042 | -€408 | -€53,450 | |
| Contributions | 10/11 | €60,000 | €60,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€6,958 | -€60,408 | -€53,450 | -768% |
| Amounts payable | 17/49 | €7,416 | €533,960 | +€526,544 | +7,100% |
| Amounts payable after more than one year | 17 | €3,600 | €321,987 | +€318,387 | +8,844% |
| Financial debts | 170/4 | - | €318,387 | +€318,387 | |
| Other amounts payable | 178/9 | €3,600 | €3,600 | = | 0.0% |
| Amounts payable within one year | 42/48 | €3,816 | €211,973 | +€208,158 | +5,455% |
| Financial debts | 43 | €20 | €69,670 | +€69,650 | +353,194% |
| Credit institutions | 430/8 | €20 | €69,670 | +€69,650 | +353,194% |
| Other amounts payable | 47/48 | €3,796 | €142,304 | +€138,508 | +3,649% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €30,527 | +€30,527 | |
| Other operating charges | 640/8 | - | €1,950 | +€1,950 | |
| Gross operating margin | 9900 | -€3,685 | -€16,114 | -€12,429 | -337% |
| Operating profit (loss) | 9901 | -€3,685 | -€48,591 | -€44,906 | -1,219% |
| Financial charges | 65/66B | €229 | €4,858 | +€4,629 | +2,021% |
| Recurring financial charges | 65 | €229 | €4,858 | +€4,629 | +2,021% |
| Profit (loss) for the period before taxes | 9903 | -€3,914 | -€53,450 | -€49,535 | -1,266% |
| Profit (loss) for the period | 9904 | -€3,914 | -€53,450 | -€49,535 | -1,266% |
| Profit (loss) for the period to be appropriated | 9905 | -€3,914 | -€53,450 | -€49,535 | -1,266% |
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 20 October 2026 via checked.be.