SMETS-IT: 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-IT
Largest movements
- Cash +€49,807
up €49,807 (+56.6%), from €87,938 to €137,745
mainly Other debts (+€136,324) and Net result for the year (+€51,773)
- Receivables within one year +€6,314
up €6,314 (+63.9%), from €9,878 to €16,192
of which Trade receivables: +€5,844
- Tangible fixed assets -€2,455
down €2,455 (-37.3%), from €6,581 to €4,127
of which Furniture and vehicles: -€1,258
- Other debts +€136,324
up €136,324 (+2595.7%), from €5,252 to €141,575
- Reserves -€88,227
down €88,227 (-97.3%), from €90,659 to €2,432
- Tax, wage and social debts +€5,462
up €5,462 (+98.6%), from €5,537 to €10,998
- Gross operating margin +€8,696
up €8,696 (+14.1%), from €61,482 to €70,178
- Taxes +€1,663
up €1,663 (+14.0%), from €11,867 to €13,530
- Depreciation +€783
up €783 (+46.8%), from €1,672 to €2,455
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 | €107,711 | €160,924 | +€53,213 | +49.4% |
| Fixed assets | 21/28 | €6,856 | €4,402 | -€2,455 | -35.8% |
| Tangible fixed assets | 22/27 | €6,581 | €4,127 | -€2,455 | -37.3% |
| Plant, machinery and equipment | 23 | €1,970 | €773 | -€1,197 | -60.8% |
| Furniture and vehicles | 24 | €4,612 | €3,354 | -€1,258 | -27.3% |
| Financial fixed assets | 28 | €275 | €275 | = | 0.0% |
| Current assets | 29/58 | €100,855 | €156,523 | +€55,668 | +55.2% |
| Amounts receivable within one year | 40/41 | €9,878 | €16,192 | +€6,314 | +63.9% |
| Trade receivables | 40 | €9,329 | €15,173 | +€5,844 | +62.6% |
| Other amounts receivable | 41 | €549 | €1,019 | +€470 | +85.6% |
| Cash at bank and in hand | 54/58 | €87,938 | €137,745 | +€49,807 | +56.6% |
| Deferred charges and accrued income | 490/1 | €3,039 | €2,585 | -€453 | -14.9% |
| Total equity and liabilities | 10/49 | €107,711 | €160,924 | +€53,213 | +49.4% |
| Equity | 10/15 | €95,659 | €7,432 | -€88,227 | -92.2% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €90,659 | €2,432 | -€88,227 | -97.3% |
| Distributable reserves | 133 | €90,659 | €2,432 | -€88,227 | -97.3% |
| Amounts payable | 17/49 | €12,052 | €153,492 | +€141,440 | +1173.6% |
| Amounts payable within one year | 42/48 | €11,736 | €153,492 | +€141,756 | +1207.9% |
| Trade debts | 44 | €947 | €919 | -€29 | -3.0% |
| Suppliers | 440/4 | €947 | €919 | -€29 | -3.0% |
| Taxes, remuneration and social security | 45 | €5,537 | €10,998 | +€5,462 | +98.6% |
| Taxes | 450/3 | €5,537 | €10,998 | +€5,462 | +98.6% |
| Other amounts payable | 47/48 | €5,252 | €141,575 | +€136,324 | +2595.7% |
| Accrued charges and deferred income | 492/3 | €316 | - | -€316 | |
| Remuneration, social security and pensions | 62 | €1,577 | €1,594 | +€17 | +1.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,672 | €2,455 | +€783 | +46.8% |
| Other operating charges | 640/8 | €341 | €771 | +€430 | +126.3% |
| Gross operating margin | 9900 | €61,482 | €70,178 | +€8,696 | +14.1% |
| Operating profit (loss) | 9901 | €57,892 | €65,358 | +€7,466 | +12.9% |
| Financial charges | 65/66B | €54 | €55 | +€1 | +2.5% |
| Recurring financial charges | 65 | €54 | €55 | +€1 | +2.5% |
| Profit (loss) for the period before taxes | 9903 | €57,838 | €65,303 | +€7,465 | +12.9% |
| Income taxes | 67/77 | €11,867 | €13,530 | +€1,663 | +14.0% |
| Profit (loss) for the period | 9904 | €45,972 | €51,773 | +€5,801 | +12.6% |
| Profit (loss) for the period to be appropriated | 9905 | €45,972 | €51,773 | +€5,801 | +12.6% |
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.