SMETS SERVICE: 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 SERVICE
Largest movements
- Cash +€61,408
up €61,408 (+178%), from €34,510 to €95,918
mainly Trade debts (+€71,059) and Net result for the year (+€49,811)
- Receivables within one year +€49,592
up €49,592 (+65.8%), from €75,344 to €124,935
of which Trade receivables: +€43,793
- Trade debts +€71,059
up €71,059 (+5,931%), from €1,198 to €72,257
- Profit (loss) carried forward +€49,811
up €49,811 (+60.4%), from €82,503 to €132,314
- Tax, wage and social debts -€12,900
down €12,900 (-75.4%), from €17,109 to €4,208
- Accrued charges and deferred income +€3,029
up €3,029 (+74.9%), from €4,044 to €7,073
- Gross operating margin -€33,015
down €33,015 (-39.8%), from €82,883 to €49,868
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 | €109,854 | €220,853 | +€110,999 | +101% |
| Current assets | 29/58 | €109,854 | €220,853 | +€110,999 | +101% |
| Amounts receivable within one year | 40/41 | €75,344 | €124,935 | +€49,592 | +65.8% |
| Trade receivables | 40 | €75,344 | €119,136 | +€43,793 | +58.1% |
| Other amounts receivable | 41 | - | €5,799 | +€5,799 | |
| Cash at bank and in hand | 54/58 | €34,510 | €95,918 | +€61,408 | +178% |
| Total equity and liabilities | 10/49 | €109,854 | €220,853 | +€110,999 | +101% |
| Equity | 10/15 | €87,503 | €137,314 | +€49,811 | +56.9% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €82,503 | €132,314 | +€49,811 | +60.4% |
| Amounts payable | 17/49 | €22,351 | €83,539 | +€61,188 | +274% |
| Amounts payable within one year | 42/48 | €18,307 | €76,465 | +€58,159 | +318% |
| Trade debts | 44 | €1,198 | €72,257 | +€71,059 | +5,931% |
| Suppliers | 440/4 | €1,198 | €72,257 | +€71,059 | +5,931% |
| Taxes, remuneration and social security | 45 | €17,109 | €4,208 | -€12,900 | -75.4% |
| Taxes | 450/3 | €17,109 | €4,208 | -€12,900 | -75.4% |
| Accrued charges and deferred income | 492/3 | €4,044 | €7,073 | +€3,029 | +74.9% |
| Other operating charges | 640/8 | €387 | €53 | -€334 | -86.3% |
| Gross operating margin | 9900 | €82,883 | €49,868 | -€33,015 | -39.8% |
| Operating profit (loss) | 9901 | €82,496 | €49,815 | -€32,681 | -39.6% |
| Financial income | 75/76B | €38 | €60 | +€22 | +58.4% |
| Recurring financial income | 75 | €38 | €60 | +€22 | +58.4% |
| Financial charges | 65/66B | €31 | €64 | +€33 | +105% |
| Recurring financial charges | 65 | €31 | €64 | +€33 | +105% |
| Profit (loss) for the period before taxes | 9903 | €82,503 | €49,811 | -€32,691 | -39.6% |
| Profit (loss) for the period | 9904 | €82,503 | €49,811 | -€32,691 | -39.6% |
| Profit (loss) for the period to be appropriated | 9905 | €82,503 | €49,811 | -€32,691 | -39.6% |
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.