SMIDT: 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.
SMIDT
Largest movements
- Cash +€11,272
up €11,272 (+43.4%), from €25,997 to €37,269
mainly Net result for the year (+€18,316) and Tax, wage and social debts (+€1,989)
- Receivables within one year +€2,614
up €2,614 (+35.4%), from €7,381 to €9,995
of which Trade receivables: +€1,452
- Reserves +€18,316
up €18,316 (+107%), from €17,114 to €35,430
- Other debts -€3,954
down €3,954 (-100%), from €3,954 to €0
- Trade debts -€2,466
down €2,466 (-94.8%), from €2,600 to €134
- Tax, wage and social debts +€1,989
up €1,989 (+25.8%), from €7,710 to €9,699
- Gross operating margin +€1,779
up €1,779 (+8.3%), from €21,462 to €23,241
- Taxes +€441
up €441 (+10.2%), from €4,310 to €4,751
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 | €33,378 | €47,263 | +€13,885 | +41.6% |
| Current assets | 29/58 | €33,378 | €47,263 | +€13,885 | +41.6% |
| Amounts receivable within one year | 40/41 | €7,381 | €9,995 | +€2,614 | +35.4% |
| Trade receivables | 40 | €7,381 | €8,833 | +€1,452 | +19.7% |
| Other amounts receivable | 41 | - | €1,162 | +€1,162 | |
| Cash at bank and in hand | 54/58 | €25,997 | €37,269 | +€11,272 | +43.4% |
| Total equity and liabilities | 10/49 | €33,378 | €47,263 | +€13,885 | +41.6% |
| Equity | 10/15 | €19,114 | €37,430 | +€18,316 | +95.8% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €17,114 | €35,430 | +€18,316 | +107% |
| Distributable reserves | 133 | €17,114 | €35,430 | +€18,316 | +107% |
| Amounts payable | 17/49 | €14,264 | €9,833 | -€4,431 | -31.1% |
| Amounts payable within one year | 42/48 | €14,264 | €9,833 | -€4,431 | -31.1% |
| Trade debts | 44 | €2,600 | €134 | -€2,466 | -94.8% |
| Suppliers | 440/4 | €2,600 | €134 | -€2,466 | -94.8% |
| Taxes, remuneration and social security | 45 | €7,710 | €9,699 | +€1,989 | +25.8% |
| Taxes | 450/3 | €7,710 | €9,699 | +€1,989 | +25.8% |
| Other amounts payable | 47/48 | €3,954 | €0 | -€3,954 | -100% |
| Other operating charges | 640/8 | - | €120 | +€120 | |
| Gross operating margin | 9900 | €21,462 | €23,241 | +€1,779 | +8.3% |
| Operating profit (loss) | 9901 | €21,462 | €23,121 | +€1,659 | +7.7% |
| Financial income | 75/76B | - | €107 | +€107 | |
| Recurring financial income | 75 | - | €107 | +€107 | |
| Financial charges | 65/66B | €38 | €160 | +€122 | +326% |
| Recurring financial charges | 65 | €38 | €160 | +€122 | +326% |
| Profit (loss) for the period before taxes | 9903 | €21,424 | €23,067 | +€1,643 | +7.7% |
| Income taxes | 67/77 | €4,310 | €4,751 | +€441 | +10.2% |
| Profit (loss) for the period | 9904 | €17,114 | €18,316 | +€1,202 | +7.0% |
| Profit (loss) for the period to be appropriated | 9905 | €17,114 | €18,316 | +€1,202 | +7.0% |
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 25 October 2026 via checked.be.