Smit Solutions: 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.
Smit Solutions
Largest movements
- Tangible fixed assets -€27,876
down €27,876 (-2.9%), from €968,220 to €940,345
of which Leasing and similar rights: -€39,234
- Debts after one year -€23,859
down €23,859 (-2.5%), from €939,739 to €915,880
- Depreciation +€8,320
up €8,320 (+24.1%), from €34,530 to €42,850
- Financial charges +€7,076
up €7,076 (+19.5%), from €36,271 to €43,347
- Gross operating margin -€4,283
down €4,283 (-5.0%), from €85,678 to €81,395
- Other operating charges -€2,587
down €2,587 (-87.1%), from €2,971 to €383
- Taxes -€2,484
no longer reported in 2026 (was €2,484)
From the 2025 result to the 2026 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 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,041,982 | €1,015,289 | -€26,693 | -2.6% |
| Fixed assets | 21/28 | €968,220 | €940,345 | -€27,876 | -2.9% |
| Tangible fixed assets | 22/27 | €968,220 | €940,345 | -€27,876 | -2.9% |
| Furniture and vehicles | 24 | €2,714 | €2,340 | -€374 | -13.8% |
| Leasing and similar rights | 25 | €948,256 | €909,022 | -€39,234 | -4.1% |
| Other tangible fixed assets | 26 | €17,250 | €28,982 | +€11,732 | +68.0% |
| Current assets | 29/58 | €73,762 | €74,945 | +€1,183 | +1.6% |
| Amounts receivable within one year | 40/41 | €32,245 | €37,616 | +€5,371 | +16.7% |
| Trade receivables | 40 | €32,245 | €37,616 | +€5,371 | +16.7% |
| Cash at bank and in hand | 54/58 | €40,436 | €37,329 | -€3,107 | -7.7% |
| Deferred charges and accrued income | 490/1 | €1,082 | - | -€1,082 | |
| Total equity and liabilities | 10/49 | €1,041,982 | €1,015,289 | -€26,693 | -2.6% |
| Equity | 10/15 | €54,601 | €49,415 | -€5,186 | -9.5% |
| Contributions | 10/11 | €1,500 | €1,500 | = | 0.0% |
| Reserves | 13 | €43,677 | €43,677 | = | 0.0% |
| Distributable reserves | 133 | €43,677 | €43,677 | = | 0.0% |
| Profit (loss) carried forward | 14 | €9,423 | €4,238 | -€5,186 | -55.0% |
| Amounts payable | 17/49 | €987,382 | €965,874 | -€21,508 | -2.2% |
| Amounts payable after more than one year | 17 | €939,739 | €915,880 | -€23,859 | -2.5% |
| Financial debts | 170/4 | €939,739 | €915,880 | -€23,859 | -2.5% |
| Amounts payable within one year | 42/48 | €47,643 | €47,994 | +€351 | +0.7% |
| Current portion of amounts payable after more than one year | 42 | €22,831 | €23,859 | +€1,027 | +4.5% |
| Trade debts | 44 | €1,252 | €1,137 | -€115 | -9.2% |
| Suppliers | 440/4 | €1,252 | €1,137 | -€115 | -9.2% |
| Taxes, remuneration and social security | 45 | €10,067 | €8,722 | -€1,345 | -13.4% |
| Taxes | 450/3 | €10,067 | €8,722 | -€1,345 | -13.4% |
| Other amounts payable | 47/48 | €13,492 | €14,277 | +€784 | +5.8% |
| Accrued charges and deferred income | 492/3 | - | €2,000 | +€2,000 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €34,530 | €42,850 | +€8,320 | +24.1% |
| Other operating charges | 640/8 | €2,971 | €383 | -€2,587 | -87.1% |
| Gross operating margin | 9900 | €85,678 | €81,395 | -€4,283 | -5.0% |
| Operating profit (loss) | 9901 | €48,177 | €38,161 | -€10,016 | -20.8% |
| Financial income | 75/76B | €1 | - | -€1 | |
| Recurring financial income | 75 | €1 | - | -€1 | |
| Financial charges | 65/66B | €36,271 | €43,347 | +€7,076 | +19.5% |
| Recurring financial charges | 65 | €36,271 | €43,347 | +€7,076 | +19.5% |
| Profit (loss) for the period before taxes | 9903 | €11,907 | -€5,186 | -€17,093 | |
| Income taxes | 67/77 | €2,484 | - | -€2,484 | |
| Profit (loss) for the period | 9904 | €9,423 | -€5,186 | -€14,609 | |
| Profit (loss) for the period to be appropriated | 9905 | €9,423 | -€5,186 | -€14,609 |
Source: filed annual accounts (NBB), fiscal years ended 31 March 2025 and 31 March 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.