SMETS VERONIQUE: what changed
Two fiscal 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 VERONIQUE
Largest movements
- Cash +€29,076
up €29,076 (+25.0%), from €116,525 to €145,601
mainly Net result for the year (+€45,900) and Other debts (+€42,484)
- Receivables within one year +€3,013
new in 2025: €3,013
- Other debts +€42,484
up €42,484 (+208.2%), from €20,408 to €62,892
- Debts after one year -€10,857
down €10,857 (-100.0%), from €10,857 to €0
- Reserves -€8,745
down €8,745 (-7.9%), from €110,979 to €102,234
- Accrued charges and deferred income +€5,858
up €5,858 (+20.0%), from €29,216 to €35,074
- Trade debts +€3,207
up €3,207 (+132.8%), from €2,415 to €5,622
- Depreciation -€6,910
down €6,910 (-30.0%), from €23,056 to €16,146
- Gross operating margin -€4,233
down €4,233 (-5.2%), from €80,899 to €76,666
- Taxes -€2,923
down €2,923 (-19.3%), from €15,128 to €12,206
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.
Cash bridge derived
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 | €188,107 | €220,513 | +€32,406 | +17.2% |
| Fixed assets | 21/28 | €71,195 | €71,898 | +€703 | +1.0% |
| Intangible fixed assets | 21 | €667 | €0 | -€667 | -100.0% |
| Tangible fixed assets | 22/27 | €70,528 | €71,898 | +€1,370 | +1.9% |
| Plant, machinery and equipment | 23 | €15,341 | €10,547 | -€4,795 | -31.3% |
| Furniture and vehicles | 24 | €1,907 | €1,605 | -€302 | -15.8% |
| Other tangible fixed assets | 26 | €53,280 | €59,747 | +€6,467 | +12.1% |
| Current assets | 29/58 | €116,912 | €148,615 | +€31,702 | +27.1% |
| Amounts receivable within one year | 40/41 | - | €3,013 | +€3,013 | |
| Trade receivables | 40 | - | €3,013 | +€3,013 | |
| Cash at bank and in hand | 54/58 | €116,525 | €145,601 | +€29,076 | +25.0% |
| Deferred charges and accrued income | 490/1 | €387 | €0 | -€387 | -100.0% |
| Total equity and liabilities | 10/49 | €188,107 | €220,513 | +€32,406 | +17.2% |
| Equity | 10/15 | €110,979 | €102,234 | -€8,745 | -7.9% |
| Reserves | 13 | €110,979 | €102,234 | -€8,745 | -7.9% |
| Distributable reserves | 133 | €110,979 | €102,234 | -€8,745 | -7.9% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €77,128 | €118,279 | +€41,151 | +53.4% |
| Amounts payable after more than one year | 17 | €10,857 | €0 | -€10,857 | -100.0% |
| Financial debts | 170/4 | €10,857 | €0 | -€10,857 | -100.0% |
| Amounts payable within one year | 42/48 | €37,055 | €83,205 | +€46,150 | +124.5% |
| Current portion of amounts payable after more than one year | 42 | €10,604 | €10,857 | +€253 | +2.4% |
| Trade debts | 44 | €2,415 | €5,622 | +€3,207 | +132.8% |
| Suppliers | 440/4 | €2,415 | €5,622 | +€3,207 | +132.8% |
| Taxes, remuneration and social security | 45 | €3,628 | €3,834 | +€206 | +5.7% |
| Taxes | 450/3 | €3,628 | €3,834 | +€206 | +5.7% |
| Other amounts payable | 47/48 | €20,408 | €62,892 | +€42,484 | +208.2% |
| Accrued charges and deferred income | 492/3 | €29,216 | €35,074 | +€5,858 | +20.0% |
| Remuneration, social security and pensions | 62 | €80 | €0 | -€80 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €23,056 | €16,146 | -€6,910 | -30.0% |
| Other operating charges | 640/8 | €875 | €832 | -€43 | -4.9% |
| Gross operating margin | 9900 | €80,899 | €76,666 | -€4,233 | -5.2% |
| Operating profit (loss) | 9901 | €56,887 | €59,688 | +€2,801 | +4.9% |
| Financial income | 75/76B | €0 | €3 | +€3 | |
| Recurring financial income | 75 | €0 | €3 | +€3 | |
| Financial charges | 65/66B | €1,947 | €1,585 | -€362 | -18.6% |
| Recurring financial charges | 65 | €1,947 | €1,585 | -€362 | -18.6% |
| Profit (loss) for the period before taxes | 9903 | €54,940 | €58,106 | +€3,166 | +5.8% |
| Income taxes | 67/77 | €15,128 | €12,206 | -€2,923 | -19.3% |
| Profit (loss) for the period | 9904 | €39,812 | €45,900 | +€6,088 | +15.3% |
| Profit (loss) for the period to be appropriated | 9905 | €39,812 | €45,900 | +€6,088 | +15.3% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.