SMEYERS THK: 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.
SMEYERS THK
Largest movements
- Cash +€59,690
up €59,690 (+39.7%), from €150,212 to €209,902
mainly Net result for the year (+€39,368) and Depreciation (+€23,107)
- Tangible fixed assets -€16,984
down €16,984 (-5.4%), from €315,938 to €298,955
of which Furniture and vehicles: -€15,885
- Reserves +€39,368
up €39,368 (+12.8%), from €307,190 to €346,557
- Gross operating margin -€23,705
down €23,705 (-22.0%), from €107,915 to €84,211
- Taxes -€7,726
down €7,726 (-27.9%), from €27,719 to €19,993
- Depreciation +€1,112
up €1,112 (+5.1%), from €21,995 to €23,107
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 | €498,130 | €538,748 | +€40,618 | +8.2% |
| Fixed assets | 21/28 | €318,438 | €301,455 | -€16,984 | -5.3% |
| Tangible fixed assets | 22/27 | €315,938 | €298,955 | -€16,984 | -5.4% |
| Land and buildings | 22 | €259,340 | €254,274 | -€5,066 | -2.0% |
| Plant, machinery and equipment | 23 | €3,053 | €7,021 | +€3,967 | +130% |
| Furniture and vehicles | 24 | €53,545 | €37,660 | -€15,885 | -29.7% |
| Financial fixed assets | 28 | €2,500 | €2,500 | = | 0.0% |
| Current assets | 29/58 | €179,692 | €237,293 | +€57,602 | +32.1% |
| Amounts receivable within one year | 40/41 | €17,368 | €17,638 | +€270 | +1.6% |
| Other amounts receivable | 41 | €17,368 | €17,638 | +€270 | +1.6% |
| Cash at bank and in hand | 54/58 | €150,212 | €209,902 | +€59,690 | +39.7% |
| Deferred charges and accrued income | 490/1 | €12,112 | €9,753 | -€2,358 | -19.5% |
| Total equity and liabilities | 10/49 | €498,130 | €538,748 | +€40,618 | +8.2% |
| Equity | 10/15 | €318,390 | €357,757 | +€39,368 | +12.4% |
| Contributions | 10/11 | €11,200 | €11,200 | = | 0.0% |
| Reserves | 13 | €307,190 | €346,557 | +€39,368 | +12.8% |
| Distributable reserves | 133 | €307,190 | €346,557 | +€39,368 | +12.8% |
| Provisions and deferred taxes | 16 | €99,986 | €99,986 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €99,986 | €99,986 | = | 0.0% |
| Pensions and similar obligations | 160 | €99,986 | €99,986 | = | 0.0% |
| Amounts payable | 17/49 | €79,754 | €81,004 | +€1,250 | +1.6% |
| Amounts payable after more than one year | 17 | €0 | - | = | |
| Other amounts payable | 178/9 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €79,754 | €81,004 | +€1,250 | +1.6% |
| Trade debts | 44 | €5,984 | €5,771 | -€213 | -3.6% |
| Suppliers | 440/4 | €5,984 | €5,771 | -€213 | -3.6% |
| Taxes, remuneration and social security | 45 | €0 | - | = | |
| Taxes | 450/3 | €0 | - | = | |
| Other amounts payable | 47/48 | €73,770 | €75,233 | +€1,463 | +2.0% |
| Remuneration, social security and pensions | 62 | €387 | €0 | -€387 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €21,995 | €23,107 | +€1,112 | +5.1% |
| Other operating charges | 640/8 | €2,043 | €2,382 | +€339 | +16.6% |
| Gross operating margin | 9900 | €107,915 | €84,211 | -€23,705 | -22.0% |
| Operating profit (loss) | 9901 | €83,490 | €58,721 | -€24,769 | -29.7% |
| Financial income | 75/76B | €293 | €876 | +€583 | +199% |
| Recurring financial income | 75 | €293 | €876 | +€583 | +199% |
| Financial charges | 65/66B | €179 | €237 | +€58 | +32.6% |
| Recurring financial charges | 65 | €179 | €237 | +€58 | +32.6% |
| Profit (loss) for the period before taxes | 9903 | €83,605 | €59,360 | -€24,245 | -29.0% |
| Income taxes | 67/77 | €27,719 | €19,993 | -€7,726 | -27.9% |
| Profit (loss) for the period | 9904 | €55,886 | €39,368 | -€16,518 | -29.6% |
| Profit (loss) for the period to be appropriated | 9905 | €55,886 | €39,368 | -€16,518 | -29.6% |
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 30 October 2026 via checked.be.