Smith & Finch: 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.
Smith & Finch
Largest movements
- Current investments +€277,056
up €277,056 (+44.4%), from €623,521 to €900,577
- Receivables within one year -€128,043
down €128,043 (-96.8%), from €132,271 to €4,228
of which Other amounts receivable: -€109,151
- Cash -€108,180
down €108,180 (-40.9%), from €264,545 to €156,365
mainly Current investments (-€277,056) and Net result for the year (-€19,009)
- Tangible fixed assets -€23,267
down €23,267 (-5.0%), from €467,905 to €444,638
of which Other tangible fixed assets: -€12,586
- Accrued charges and deferred income +€43,637
up €43,637 (+323%), from €13,521 to €57,158
- Profit (loss) carried forward -€19,009
down €19,009 (-1.3%), from €1.5m to €1.4m
- Purchases and services -€72,016
down €72,016 (-42.6%), from €169,041 to €97,025
- Turnover -€69,253
down €69,253 (-38.9%), from €178,229 to €108,976
- Financial income -€12,449
down €12,449 (-90.6%), from €13,748 to €1,299
- Gross operating margin +€2,763
up €2,763 (+30.1%), from €9,188 to €11,951
- Depreciation -€2,512
down €2,512 (-8.5%), from €29,529 to €27,017
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.
Derived cash bridge
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 | €1,489,142 | €1,505,808 | +€16,666 | +1.1% |
| Fixed assets | 21/28 | €467,905 | €444,638 | -€23,267 | -5.0% |
| Tangible fixed assets | 22/27 | €467,905 | €444,638 | -€23,267 | -5.0% |
| Land and buildings | 22 | €403,817 | €392,529 | -€11,288 | -2.8% |
| Furniture and vehicles | 24 | €2,518 | €3,125 | +€607 | +24.1% |
| Other tangible fixed assets | 26 | €61,570 | €48,984 | -€12,586 | -20.4% |
| Current assets | 29/58 | €1,021,237 | €1,061,170 | +€39,933 | +3.9% |
| Amounts receivable within one year | 40/41 | €132,271 | €4,228 | -€128,043 | -96.8% |
| Trade receivables | 40 | €18,892 | - | -€18,892 | |
| Other amounts receivable | 41 | €113,379 | €4,228 | -€109,151 | -96.3% |
| Current investments | 50/53 | €623,521 | €900,577 | +€277,056 | +44.4% |
| Cash at bank and in hand | 54/58 | €264,545 | €156,365 | -€108,180 | -40.9% |
| Deferred charges and accrued income | 490/1 | €900 | - | -€900 | |
| Total equity and liabilities | 10/49 | €1,489,142 | €1,505,808 | +€16,666 | +1.1% |
| Equity | 10/15 | €1,465,955 | €1,446,946 | -€19,009 | -1.3% |
| Contributions | 10/11 | €6,820 | €6,820 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,459,135 | €1,440,126 | -€19,009 | -1.3% |
| Amounts payable | 17/49 | €23,187 | €58,862 | +€35,675 | +154% |
| Amounts payable within one year | 42/48 | €9,666 | €1,704 | -€7,962 | -82.4% |
| Trade debts | 44 | €1,050 | €1,394 | +€344 | +32.8% |
| Suppliers | 440/4 | €1,050 | €1,394 | +€344 | +32.8% |
| Taxes, remuneration and social security | 45 | €8,616 | €310 | -€8,306 | -96.4% |
| Taxes | 450/3 | €8,616 | €310 | -€8,306 | -96.4% |
| Accrued charges and deferred income | 492/3 | €13,521 | €57,158 | +€43,637 | +323% |
| Turnover | 70 | €178,229 | €108,976 | -€69,253 | -38.9% |
| Goods, raw materials, services and sundry goods | 60/61 | €169,041 | €97,025 | -€72,016 | -42.6% |
| Remuneration, social security and pensions | 62 | €1,230 | €2,460 | +€1,230 | +100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €29,529 | €27,017 | -€2,512 | -8.5% |
| Other operating charges | 640/8 | €2,382 | €2,369 | -€13 | -0.5% |
| Gross operating margin | 9900 | €9,188 | €11,951 | +€2,763 | +30.1% |
| Operating profit (loss) | 9901 | -€23,953 | -€19,895 | +€4,058 | +16.9% |
| Financial income | 75/76B | €13,748 | €1,299 | -€12,449 | -90.6% |
| Recurring financial income | 75 | €13,748 | €1,299 | -€12,449 | -90.6% |
| Financial charges | 65/66B | €285 | €163 | -€122 | -42.8% |
| Recurring financial charges | 65 | €285 | €163 | -€122 | -42.8% |
| Profit (loss) for the period before taxes | 9903 | -€10,490 | -€18,759 | -€8,269 | -78.8% |
| Income taxes | 67/77 | €238 | €250 | +€12 | +5.0% |
| Profit (loss) for the period | 9904 | -€10,728 | -€19,009 | -€8,281 | -77.2% |
| Profit (loss) for the period to be appropriated | 9905 | -€10,728 | -€19,009 | -€8,281 | -77.2% |
Source: filed annual accounts (NBB), financial years ended 31 March 2025 and 31 March 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 18 October 2026 via checked.be.