Smets Koeltechniek: what changed
Smets Koeltechniek
Largest movements
- Cash -€12,329
down €12,329 (-79.4%), from €15,525 to €3,195
mainly Net result for the year (-€7,051) and Advances received (-€6,275)
- Stocks and contracts -€3,958
down €3,958 (-39.4%), from €10,043 to €6,085
- Tangible fixed assets -€3,712
down €3,712 (-72.3%), from €5,135 to €1,422
of which Leasing and similar rights: -€2,817
- Receivables within one year +€2,384
up €2,384 (+3.2%), from €74,814 to €77,197
of which Other amounts receivable: +€9,514
- Deferred charges and accrued income -€1,146
down €1,146 (-40.3%), from €2,846 to €1,700
- Profit (loss) carried forward -€7,051
down €7,051 (-33.3%), from €21,184 to €14,133
- Advances received -€6,275
no longer reported in 2025 (was €6,275)
- Tax, wage and social debts -€4,970
down €4,970 (-49.7%), from €10,009 to €5,038
of which Remuneration and social security: -€5,078
- Debts after one year -€1,955
no longer reported in 2025 (was €1,955)
- Accrued charges and deferred income +€1,618
new in 2025: €1,618
- Gross operating margin -€42,906
down €42,906 (-39.3%), from €109,308 to €66,402
- Staff costs -€18,215
down €18,215 (-22.1%), from €82,244 to €64,030
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €108,361 | €89,599 | -€18,761 | -17.3% |
| Fixed assets | 21/28 | €5,135 | €1,422 | -€3,712 | -72.3% |
| Tangible fixed assets | 22/27 | €5,135 | €1,422 | -€3,712 | -72.3% |
| Plant, machinery and equipment | 23 | €905 | €202 | -€704 | -77.7% |
| Furniture and vehicles | 24 | €493 | €302 | -€191 | -38.7% |
| Leasing and similar rights | 25 | €3,736 | €919 | -€2,817 | -75.4% |
| Current assets | 29/58 | €103,226 | €88,177 | -€15,049 | -14.6% |
| Stocks and contracts in progress | 3 | €10,043 | €6,085 | -€3,958 | -39.4% |
| Stocks | 30/36 | €10,043 | €6,085 | -€3,958 | -39.4% |
| Amounts receivable within one year | 40/41 | €74,814 | €77,197 | +€2,384 | +3.2% |
| Trade receivables | 40 | €43,505 | €36,375 | -€7,130 | -16.4% |
| Other amounts receivable | 41 | €31,308 | €40,822 | +€9,514 | +30.4% |
| Cash at bank and in hand | 54/58 | €15,525 | €3,195 | -€12,329 | -79.4% |
| Deferred charges and accrued income | 490/1 | €2,846 | €1,700 | -€1,146 | -40.3% |
| Total equity and liabilities | 10/49 | €108,361 | €89,599 | -€18,761 | -17.3% |
| Equity | 10/15 | €49,966 | €42,915 | -€7,051 | -14.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €10,181 | €10,181 | = | 0.0% |
| Distributable reserves | 133 | €10,181 | €10,181 | = | 0.0% |
| Profit (loss) carried forward | 14 | €21,184 | €14,133 | -€7,051 | -33.3% |
| Amounts payable | 17/49 | €58,395 | €46,685 | -€11,710 | -20.1% |
| Amounts payable after more than one year | 17 | €1,955 | - | -€1,955 | |
| Financial debts | 170/4 | €1,955 | - | -€1,955 | |
| Amounts payable within one year | 42/48 | €56,440 | €45,066 | -€11,374 | -20.2% |
| Current portion of amounts payable after more than one year | 42 | €2,757 | €1,955 | -€802 | -29.1% |
| Trade debts | 44 | €37,105 | €38,073 | +€968 | +2.6% |
| Suppliers | 440/4 | €37,105 | €38,073 | +€968 | +2.6% |
| Advances received on contracts in progress | 46 | €6,275 | - | -€6,275 | |
| Taxes, remuneration and social security | 45 | €10,009 | €5,038 | -€4,970 | -49.7% |
| Taxes | 450/3 | €496 | €604 | +€108 | +21.7% |
| Remuneration and social security | 454/9 | €9,513 | €4,435 | -€5,078 | -53.4% |
| Other amounts payable | 47/48 | €295 | - | -€295 | |
| Accrued charges and deferred income | 492/3 | - | €1,618 | +€1,618 | |
| Non-recurring operating income | 76A | - | €4,000 | +€4,000 | |
| Remuneration, social security and pensions | 62 | €82,244 | €64,030 | -€18,215 | -22.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,840 | €3,712 | -€128 | -3.3% |
| Other operating charges | 640/8 | €2,645 | €3,155 | +€510 | +19.3% |
| Gross operating margin | 9900 | €109,308 | €66,402 | -€42,906 | -39.3% |
| Operating profit (loss) | 9901 | €20,578 | -€4,495 | -€25,074 | |
| Financial income | 75/76B | €6 | €409 | +€403 | +7,190% |
| Recurring financial income | 75 | €6 | €409 | +€403 | +7,190% |
| Financial charges | 65/66B | €3,470 | €2,824 | -€646 | -18.6% |
| Recurring financial charges | 65 | €3,470 | €2,824 | -€646 | -18.6% |
| Profit (loss) for the period before taxes | 9903 | €17,114 | -€6,910 | -€24,024 | |
| Income taxes | 67/77 | -€204 | €141 | +€345 | |
| Profit (loss) for the period | 9904 | €17,318 | -€7,051 | -€24,369 | |
| Profit (loss) for the period to be appropriated | 9905 | €17,318 | -€7,051 | -€24,369 |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 5 November 2026 via checked.be.