SMETS-ROMMES: 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-ROMMES
Largest movements
- Current investments -€58,171
no longer reported in 2025 (was €58,171)
- Tangible fixed assets -€21,238
down €21,238 (-5.1%), from €418,112 to €396,874
of which Furniture and vehicles: -€13,213
- Cash -€9,244
down €9,244 (-75.4%), from €12,268 to €3,024
mainly Other debts (-€60,697) and Debts after one year (-€37,031)
- Receivables within one year +€8,694
up €8,694 (+116%), from €7,474 to €16,169
of which Trade receivables: +€9,369
- Other debts -€60,697
down €60,697 (-89.7%), from €67,687 to €6,990
- Debts after one year -€37,031
down €37,031 (-49.2%), from €75,340 to €38,309
of which Financial debts: -€37,031
- Reserves +€14,866
up €14,866 (+5.6%), from €265,970 to €280,837
of which Distributable reserves: +€22,814
- Financial income +€22,777
up €22,777 (+1,328%), from €1,715 to €24,492
- Gross operating margin -€10,777
down €10,777 (-16.1%), from €67,123 to €56,346
- Depreciation -€10,522
down €10,522 (-21.8%), from €48,225 to €37,704
- Other operating charges +€5,715
up €5,715 (+68.0%), from €8,406 to €14,121
- Taxes +€5,629
up €5,629 (+83.0%), from €6,784 to €12,413
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 | €497,954 | €418,471 | -€79,483 | -16.0% |
| Fixed assets | 21/28 | €418,112 | €396,874 | -€21,238 | -5.1% |
| Tangible fixed assets | 22/27 | €418,112 | €396,874 | -€21,238 | -5.1% |
| Land and buildings | 22 | €368,752 | €362,067 | -€6,685 | -1.8% |
| Plant, machinery and equipment | 23 | €3,652 | €2,376 | -€1,275 | -34.9% |
| Furniture and vehicles | 24 | €45,371 | €32,158 | -€13,213 | -29.1% |
| Other tangible fixed assets | 26 | €337 | €273 | -€65 | -19.2% |
| Current assets | 29/58 | €79,842 | €21,597 | -€58,245 | -73.0% |
| Amounts receivable within one year | 40/41 | €7,474 | €16,169 | +€8,694 | +116% |
| Trade receivables | 40 | €2,972 | €12,341 | +€9,369 | +315% |
| Other amounts receivable | 41 | €4,503 | €3,828 | -€675 | -15.0% |
| Current investments | 50/53 | €58,171 | - | -€58,171 | |
| Cash at bank and in hand | 54/58 | €12,268 | €3,024 | -€9,244 | -75.4% |
| Deferred charges and accrued income | 490/1 | €1,929 | €2,405 | +€476 | +24.7% |
| Total equity and liabilities | 10/49 | €497,954 | €418,471 | -€79,483 | -16.0% |
| Equity | 10/15 | €286,430 | €301,297 | +€14,866 | +5.2% |
| Contributions | 10/11 | €20,460 | €20,460 | = | 0.0% |
| Reserves | 13 | €265,970 | €280,837 | +€14,866 | +5.6% |
| Tax-exempt reserves | 132 | €55,633 | €47,686 | -€7,948 | -14.3% |
| Distributable reserves | 133 | €210,337 | €233,151 | +€22,814 | +10.8% |
| Provisions and deferred taxes | 16 | €18,544 | €15,895 | -€2,649 | -14.3% |
| Deferred taxes | 168 | €18,544 | €15,895 | -€2,649 | -14.3% |
| Amounts payable | 17/49 | €192,979 | €101,279 | -€91,700 | -47.5% |
| Amounts payable after more than one year | 17 | €75,340 | €38,309 | -€37,031 | -49.2% |
| Financial debts | 170/4 | €72,565 | €35,534 | -€37,031 | -51.0% |
| Other amounts payable | 178/9 | €2,775 | €2,775 | = | 0.0% |
| Amounts payable within one year | 42/48 | €111,288 | €54,063 | -€57,225 | -51.4% |
| Current portion of amounts payable after more than one year | 42 | €36,531 | €37,031 | +€500 | +1.4% |
| Trade debts | 44 | €3,951 | €4,272 | +€321 | +8.1% |
| Suppliers | 440/4 | €3,951 | €4,272 | +€321 | +8.1% |
| Taxes, remuneration and social security | 45 | €3,119 | €5,769 | +€2,651 | +85.0% |
| Taxes | 450/3 | €3,119 | €5,769 | +€2,651 | +85.0% |
| Other amounts payable | 47/48 | €67,687 | €6,990 | -€60,697 | -89.7% |
| Accrued charges and deferred income | 492/3 | €6,351 | €8,907 | +€2,556 | +40.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €48,225 | €37,704 | -€10,522 | -21.8% |
| Other operating charges | 640/8 | €8,406 | €14,121 | +€5,715 | +68.0% |
| Gross operating margin | 9900 | €67,123 | €56,346 | -€10,777 | -16.1% |
| Operating profit (loss) | 9901 | €10,492 | €4,521 | -€5,971 | -56.9% |
| Financial income | 75/76B | €1,715 | €24,492 | +€22,777 | +1,328% |
| Recurring financial income | 75 | €1,715 | €24,492 | +€22,777 | +1,328% |
| Financial charges | 65/66B | €4,589 | €4,383 | -€206 | -4.5% |
| Recurring financial charges | 65 | €4,589 | €4,383 | -€206 | -4.5% |
| Profit (loss) for the period before taxes | 9903 | €7,618 | €24,630 | +€17,012 | +223% |
| Transfer from deferred taxes | 780 | €2,746 | €2,649 | -€97 | -3.5% |
| Income taxes | 67/77 | €6,784 | €12,413 | +€5,629 | +83.0% |
| Profit (loss) for the period | 9904 | €3,580 | €14,866 | +€11,286 | +315% |
| Transfer from tax-exempt reserves | 789 | €8,238 | €7,948 | -€291 | -3.5% |
| Profit (loss) for the period to be appropriated | 9905 | €11,818 | €22,814 | +€10,995 | +93.0% |
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 15 October 2026 via checked.be.