SMETS JOS: 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 JOS
Largest movements
- Receivables within one year -€2,996
down €2,996 (-59.5%), from €5,035 to €2,039
of which Trade receivables: -€4,209
- Cash +€2,831
up €2,831 (+184%), from €1,542 to €4,373
mainly Contributions, distributions and other (+€5,807) and Receivables within one year (+€2,996)
- Stocks and contracts -€1,841
down €1,841 (-6.0%), from €30,788 to €28,947
of which Stocks: -€2,430
- Tangible fixed assets -€1,823
down €1,823 (-20.3%), from €8,995 to €7,172
- Deferred charges and accrued income -€1,361
down €1,361 (-43.0%), from €3,162 to €1,801
- Other debts -€5,042
down €5,042 (-24.9%), from €20,275 to €15,233
- Trade debts -€1,068
down €1,068 (-35.9%), from €2,972 to €1,904
- Advances received +€713
new in 2025: €713
- Tax, wage and social debts +€607
new in 2025: €607
- Purchases and services -€52,734
down €52,734 (-69.7%), from €75,674 to €22,940
- Turnover -€48,151
down €48,151 (-69.0%), from €69,796 to €21,645
- Gross operating margin +€4,583
up €4,583 (+78.0%), from -€5,878 to -€1,295
- Other operating charges +€1,184
up €1,184 (+95.6%), from €1,238 to €2,422
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 | €49,647 | €44,457 | -€5,190 | -10.5% |
| Fixed assets | 21/28 | €9,120 | €7,297 | -€1,823 | -20.0% |
| Tangible fixed assets | 22/27 | €8,995 | €7,172 | -€1,823 | -20.3% |
| Plant, machinery and equipment | 23 | €249 | €144 | -€105 | -42.2% |
| Furniture and vehicles | 24 | €2,012 | €1,110 | -€902 | -44.8% |
| Other tangible fixed assets | 26 | €6,734 | €5,918 | -€816 | -12.1% |
| Financial fixed assets | 28 | €125 | €125 | = | 0.0% |
| Current assets | 29/58 | €40,527 | €37,160 | -€3,367 | -8.3% |
| Stocks and contracts in progress | 3 | €30,788 | €28,947 | -€1,841 | -6.0% |
| Stocks | 30/36 | €30,788 | €28,358 | -€2,430 | -7.9% |
| Contracts in progress | 37 | - | €589 | +€589 | |
| Amounts receivable within one year | 40/41 | €5,035 | €2,039 | -€2,996 | -59.5% |
| Trade receivables | 40 | €5,035 | €826 | -€4,209 | -83.6% |
| Other amounts receivable | 41 | - | €1,213 | +€1,213 | |
| Cash at bank and in hand | 54/58 | €1,542 | €4,373 | +€2,831 | +184% |
| Deferred charges and accrued income | 490/1 | €3,162 | €1,801 | -€1,361 | -43.0% |
| Total equity and liabilities | 10/49 | €49,647 | €44,457 | -€5,190 | -10.5% |
| Equity | 10/15 | €26,000 | €26,000 | = | 0.0% |
| Contributions | 10/11 | €25,000 | €25,000 | = | 0.0% |
| Reserves | 13 | €1,000 | €1,000 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,000 | €1,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,000 | €1,000 | = | 0.0% |
| Amounts payable | 17/49 | €23,647 | €18,457 | -€5,190 | -21.9% |
| Amounts payable within one year | 42/48 | €23,247 | €18,457 | -€4,790 | -20.6% |
| Trade debts | 44 | €2,972 | €1,904 | -€1,068 | -35.9% |
| Suppliers | 440/4 | €2,972 | €1,904 | -€1,068 | -35.9% |
| Advances received on contracts in progress | 46 | - | €713 | +€713 | |
| Taxes, remuneration and social security | 45 | - | €607 | +€607 | |
| Taxes | 450/3 | - | €607 | +€607 | |
| Other amounts payable | 47/48 | €20,275 | €15,233 | -€5,042 | -24.9% |
| Accrued charges and deferred income | 492/3 | €400 | - | -€400 | |
| Turnover | 70 | €69,796 | €21,645 | -€48,151 | -69.0% |
| Goods, raw materials, services and sundry goods | 60/61 | €75,674 | €22,940 | -€52,734 | -69.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,024 | €1,823 | -€201 | -9.9% |
| Other operating charges | 640/8 | €1,238 | €2,422 | +€1,184 | +95.6% |
| Non-recurring operating charges | 66A | €1,525 | - | -€1,525 | |
| Gross operating margin | 9900 | -€5,878 | -€1,295 | +€4,583 | +78.0% |
| Operating profit (loss) | 9901 | -€10,665 | -€5,540 | +€5,125 | +48.1% |
| Financial charges | 65/66B | €607 | €219 | -€388 | -63.9% |
| Recurring financial charges | 65 | €607 | €219 | -€388 | -63.9% |
| Profit (loss) for the period before taxes | 9903 | -€11,272 | -€5,759 | +€5,513 | +48.9% |
| Income taxes | 67/77 | €140 | €48 | -€92 | -65.7% |
| Profit (loss) for the period | 9904 | -€11,412 | -€5,807 | +€5,605 | +49.1% |
| Profit (loss) for the period to be appropriated | 9905 | -€11,412 | -€5,807 | +€5,605 | +49.1% |
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 24 October 2026 via checked.be.