SMETS LOMMEL: 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 LOMMEL
Largest movements
- Cash +€259,676
up €259,676 (+38.8%), from €668,896 to €928,572
mainly Net result for the year (+€238,089) and Receivables within one year (+€193,760)
- Receivables within one year -€193,760
down €193,760 (-29.3%), from €661,908 to €468,148
of which Trade receivables: -€195,366
- Tangible fixed assets -€130,515
down €130,515 (-46.4%), from €281,158 to €150,643
of which Plant, machinery and equipment: -€76,360
- Current investments +€92,688
new in 2025: €92,688
- Reserves +€430,206
up €430,206 (+58.6%), from €733,582 to €1.2m
of which Distributable reserves: +€430,206
- Profit (loss) carried forward -€192,118
down €192,118 (-44.7%), from €430,206 to €238,089
- Trade debts -€142,136
down €142,136 (-50.3%), from €282,588 to €140,453
- Debts after one year -€31,580
no longer reported in 2025 (was €31,580)
- Current portion of long-term debt -€30,511
down €30,511 (-49.1%), from €62,091 to €31,580
- Gross operating margin -€175,970
down €175,970 (-21.2%), from €831,875 to €655,905
- Taxes -€59,507
down €59,507 (-41.4%), from €143,906 to €84,399
- Other operating charges +€51,957
up €51,957 (+570%), from €9,117 to €61,074
- Staff costs +€22,072
up €22,072 (+19.4%), from €113,505 to €135,576
- Write-downs -€12,383
down €12,383 (-97.7%), from €12,677 to €294
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 | €1,622,626 | €1,653,267 | +€30,641 | +1.9% |
| Fixed assets | 21/28 | €281,188 | €150,673 | -€130,515 | -46.4% |
| Tangible fixed assets | 22/27 | €281,158 | €150,643 | -€130,515 | -46.4% |
| Land and buildings | 22 | €3,566 | €4,740 | +€1,174 | +32.9% |
| Plant, machinery and equipment | 23 | €136,267 | €59,906 | -€76,360 | -56.0% |
| Furniture and vehicles | 24 | €3,899 | €1,105 | -€2,793 | -71.7% |
| Leasing and similar rights | 25 | €137,427 | €84,892 | -€52,535 | -38.2% |
| Financial fixed assets | 28 | €30 | €30 | = | 0.0% |
| Current assets | 29/58 | €1,341,437 | €1,502,593 | +€161,156 | +12.0% |
| Stocks and contracts in progress | 3 | €9,124 | €12,208 | +€3,085 | +33.8% |
| Stocks | 30/36 | €9,124 | €12,208 | +€3,085 | +33.8% |
| Amounts receivable within one year | 40/41 | €661,908 | €468,148 | -€193,760 | -29.3% |
| Trade receivables | 40 | €644,644 | €449,278 | -€195,366 | -30.3% |
| Other amounts receivable | 41 | €17,264 | €18,870 | +€1,606 | +9.3% |
| Current investments | 50/53 | - | €92,688 | +€92,688 | |
| Cash at bank and in hand | 54/58 | €668,896 | €928,572 | +€259,676 | +38.8% |
| Deferred charges and accrued income | 490/1 | €1,509 | €977 | -€532 | -35.3% |
| Total equity and liabilities | 10/49 | €1,622,626 | €1,653,267 | +€30,641 | +1.9% |
| Equity | 10/15 | €1,191,288 | €1,429,377 | +€238,089 | +20.0% |
| Contributions | 10/11 | €27,500 | €27,500 | = | 0.0% |
| Reserves | 13 | €733,582 | €1,163,788 | +€430,206 | +58.6% |
| Tax-exempt reserves | 132 | €20,000 | €20,000 | = | 0.0% |
| Distributable reserves | 133 | €713,582 | €1,143,788 | +€430,206 | +60.3% |
| Profit (loss) carried forward | 14 | €430,206 | €238,089 | -€192,118 | -44.7% |
| Amounts payable | 17/49 | €431,337 | €223,890 | -€207,447 | -48.1% |
| Amounts payable after more than one year | 17 | €31,580 | - | -€31,580 | |
| Financial debts | 170/4 | €31,580 | - | -€31,580 | |
| Amounts payable within one year | 42/48 | €399,758 | €223,890 | -€175,868 | -44.0% |
| Current portion of amounts payable after more than one year | 42 | €62,091 | €31,580 | -€30,511 | -49.1% |
| Trade debts | 44 | €282,588 | €140,453 | -€142,136 | -50.3% |
| Suppliers | 440/4 | €282,588 | €140,453 | -€142,136 | -50.3% |
| Taxes, remuneration and social security | 45 | €54,518 | €51,857 | -€2,661 | -4.9% |
| Taxes | 450/3 | €44,607 | €34,025 | -€10,582 | -23.7% |
| Remuneration and social security | 454/9 | €9,911 | €17,833 | +€7,921 | +79.9% |
| Other amounts payable | 47/48 | €560 | - | -€560 | |
| Remuneration, social security and pensions | 62 | €113,505 | €135,576 | +€22,072 | +19.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €129,285 | €134,046 | +€4,760 | +3.7% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €12,677 | €294 | -€12,383 | -97.7% |
| Other operating charges | 640/8 | €9,117 | €61,074 | +€51,957 | +570% |
| Gross operating margin | 9900 | €831,875 | €655,905 | -€175,970 | -21.2% |
| Operating profit (loss) | 9901 | €567,291 | €324,914 | -€242,376 | -42.7% |
| Financial income | 75/76B | €12,435 | €9,936 | -€2,498 | -20.1% |
| Recurring financial income | 75 | €12,435 | €9,936 | -€2,498 | -20.1% |
| Financial charges | 65/66B | €5,613 | €12,363 | +€6,751 | +120% |
| Recurring financial charges | 65 | €5,613 | €12,363 | +€6,751 | +120% |
| Profit (loss) for the period before taxes | 9903 | €574,112 | €322,487 | -€251,625 | -43.8% |
| Income taxes | 67/77 | €143,906 | €84,399 | -€59,507 | -41.4% |
| Profit (loss) for the period | 9904 | €430,206 | €238,089 | -€192,118 | -44.7% |
| Profit (loss) for the period to be appropriated | 9905 | €430,206 | €238,089 | -€192,118 | -44.7% |
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.