Smik & Smak: what changed
Smik & Smak
Largest movements
- Cash -€7,327
down €7,327 (-60.4%), from €12,137 to €4,810
mainly Net result for the year (-€7,128) and Investment in fixed assets (net) (-€4,661)
- Tangible fixed assets -€592
down €592 (-3.4%), from €17,633 to €17,041
of which Land and buildings: -€1,638
- Stocks and contracts -€543
down €543 (-7.0%), from €7,725 to €7,182
- Profit (loss) carried forward -€7,128
down €7,128 (-26.0%), from -€27,401 to -€34,529
- Other debts -€4,430
down €4,430 (-13.6%), from €32,664 to €28,234
- Trade debts +€2,185
up €2,185 (+271%), from €807 to €2,992
- Tax, wage and social debts +€927
up €927 (+17.7%), from €5,235 to €6,162
of which Taxes: +€1,424
- Gross operating margin -€14,252
down €14,252 (-34.5%), from €41,318 to €27,066
- Depreciation +€586
up €586 (+12.6%), from €4,667 to €5,253
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €43,765 | €35,319 | -€8,446 | -19.3% |
| Fixed assets | 21/28 | €23,903 | €23,311 | -€592 | -2.5% |
| Tangible fixed assets | 22/27 | €17,633 | €17,041 | -€592 | -3.4% |
| Land and buildings | 22 | €8,339 | €6,701 | -€1,638 | -19.6% |
| Plant, machinery and equipment | 23 | €6,501 | €6,011 | -€490 | -7.5% |
| Furniture and vehicles | 24 | €2,793 | €4,329 | +€1,535 | +55.0% |
| Financial fixed assets | 28 | €6,270 | €6,270 | = | 0.0% |
| Current assets | 29/58 | €19,862 | €12,008 | -€7,854 | -39.5% |
| Stocks and contracts in progress | 3 | €7,725 | €7,182 | -€543 | -7.0% |
| Stocks | 30/36 | €7,725 | €7,182 | -€543 | -7.0% |
| Amounts receivable within one year | 40/41 | - | €16 | +€16 | |
| Other amounts receivable | 41 | - | €16 | +€16 | |
| Cash at bank and in hand | 54/58 | €12,137 | €4,810 | -€7,327 | -60.4% |
| Total equity and liabilities | 10/49 | €43,765 | €35,319 | -€8,446 | -19.3% |
| Equity | 10/15 | €5,059 | -€2,069 | -€7,128 | |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Contributions outside capital | 11 | €18,600 | €18,600 | = | 0.0% |
| Other | 1109/19 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €13,860 | €13,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €12,000 | €12,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€27,401 | -€34,529 | -€7,128 | -26.0% |
| Amounts payable | 17/49 | €38,707 | €37,388 | -€1,318 | -3.4% |
| Amounts payable within one year | 42/48 | €38,707 | €37,388 | -€1,318 | -3.4% |
| Trade debts | 44 | €807 | €2,992 | +€2,185 | +271% |
| Suppliers | 440/4 | €807 | €2,992 | +€2,185 | +271% |
| Taxes, remuneration and social security | 45 | €5,235 | €6,162 | +€927 | +17.7% |
| Taxes | 450/3 | €1,862 | €3,286 | +€1,424 | +76.5% |
| Remuneration and social security | 454/9 | €3,373 | €2,876 | -€497 | -14.7% |
| Other amounts payable | 47/48 | €32,664 | €28,234 | -€4,430 | -13.6% |
| Remuneration, social security and pensions | 62 | €22,424 | €22,476 | +€52 | +0.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,667 | €5,253 | +€586 | +12.6% |
| Other operating charges | 640/8 | €5,953 | €6,218 | +€266 | +4.5% |
| Gross operating margin | 9900 | €41,318 | €27,066 | -€14,252 | -34.5% |
| Operating profit (loss) | 9901 | €8,274 | -€6,882 | -€15,156 | |
| Financial income | 75/76B | - | €33 | +€33 | |
| Recurring financial income | 75 | - | €33 | +€33 | |
| Financial charges | 65/66B | €163 | €5 | -€158 | -97.2% |
| Recurring financial charges | 65 | €163 | €5 | -€158 | -97.2% |
| Profit (loss) for the period before taxes | 9903 | €8,111 | -€6,854 | -€14,965 | |
| Income taxes | 67/77 | €140 | €274 | +€134 | +96.2% |
| Profit (loss) for the period | 9904 | €7,971 | -€7,128 | -€15,099 | |
| Profit (loss) for the period to be appropriated | 9905 | €7,971 | -€7,128 | -€15,099 |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 2 November 2026 via checked.be.