SMITS: 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.
SMITS
Largest movements
- Receivables within one year +€4,464
up €4,464 (+32.5%), from €13,719 to €18,182
of which Other amounts receivable: +€13,448
- Tangible fixed assets +€1,655
up €1,655 (+5.0%), from €32,824 to €34,479
of which Other tangible fixed assets: +€3,254
- Deferred charges and accrued income -€1,654
down €1,654 (-54.5%), from €3,037 to €1,383
- Cash -€1,548
down €1,548 (-3.1%), from €49,262 to €47,713
mainly Other debts (-€8,289) and Investment in fixed assets (net) (-€7,012)
- Reserves +€13,684
up €13,684 (+17.7%), from €77,413 to €91,097
- Other debts -€8,289
down €8,289 (-90.9%), from €9,122 to €833
- Tax, wage and social debts -€1,367
down €1,367 (-47.2%), from €2,897 to €1,530
- Trade debts -€1,215
down €1,215 (-40.4%), from €3,009 to €1,794
- Gross operating margin +€13,314
up €13,314 (+68.2%), from €19,512 to €32,825
- Taxes +€8,481
up €8,481 (+358.2%), from €2,367 to €10,848
- Financial charges -€642
down €642 (-63.5%), from €1,012 to €370
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.
Cash bridge derived
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 | €104,842 | €107,758 | +€2,916 | +2.8% |
| Fixed assets | 21/28 | €32,824 | €34,479 | +€1,655 | +5.0% |
| Tangible fixed assets | 22/27 | €32,824 | €34,479 | +€1,655 | +5.0% |
| Plant, machinery and equipment | 23 | €2,717 | €1,978 | -€738 | -27.2% |
| Furniture and vehicles | 24 | €3,045 | €2,184 | -€861 | -28.3% |
| Other tangible fixed assets | 26 | €27,063 | €30,317 | +€3,254 | +12.0% |
| Current assets | 29/58 | €72,017 | €73,279 | +€1,261 | +1.8% |
| Amounts receivable after more than one year | 29 | €6,000 | €6,000 | = | 0.0% |
| Other amounts receivable | 291 | €6,000 | €6,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €13,719 | €18,182 | +€4,464 | +32.5% |
| Trade receivables | 40 | €8,990 | €6 | -€8,984 | -99.9% |
| Other amounts receivable | 41 | €4,729 | €18,176 | +€13,448 | +284.4% |
| Cash at bank and in hand | 54/58 | €49,262 | €47,713 | -€1,548 | -3.1% |
| Deferred charges and accrued income | 490/1 | €3,037 | €1,383 | -€1,654 | -54.5% |
| Total equity and liabilities | 10/49 | €104,842 | €107,758 | +€2,916 | +2.8% |
| Equity | 10/15 | €89,813 | €103,497 | +€13,684 | +15.2% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €77,413 | €91,097 | +€13,684 | +17.7% |
| Distributable reserves | 133 | €77,413 | €91,097 | +€13,684 | +17.7% |
| Amounts payable | 17/49 | €15,028 | €4,261 | -€10,768 | -71.7% |
| Amounts payable within one year | 42/48 | €15,028 | €4,261 | -€10,768 | -71.7% |
| Financial debts | 43 | - | €104 | +€104 | |
| Credit institutions | 430/8 | - | €104 | +€104 | |
| Trade debts | 44 | €3,009 | €1,794 | -€1,215 | -40.4% |
| Suppliers | 440/4 | €3,009 | €1,794 | -€1,215 | -40.4% |
| Taxes, remuneration and social security | 45 | €2,897 | €1,530 | -€1,367 | -47.2% |
| Taxes | 450/3 | €2,897 | €1,530 | -€1,367 | -47.2% |
| Other amounts payable | 47/48 | €9,122 | €833 | -€8,289 | -90.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,095 | €5,358 | +€263 | +5.2% |
| Other operating charges | 640/8 | €1,737 | €1,888 | +€151 | +8.7% |
| Gross operating margin | 9900 | €19,512 | €32,825 | +€13,314 | +68.2% |
| Operating profit (loss) | 9901 | €12,680 | €25,580 | +€12,900 | +101.7% |
| Financial income | 75/76B | €221 | €155 | -€66 | -29.8% |
| Recurring financial income | 75 | €221 | €155 | -€66 | -29.8% |
| Financial charges | 65/66B | €1,012 | €370 | -€642 | -63.5% |
| Recurring financial charges | 65 | €1,012 | €370 | -€642 | -63.5% |
| Profit (loss) for the period before taxes | 9903 | €11,889 | €25,365 | +€13,476 | +113.3% |
| Income taxes | 67/77 | €2,367 | €10,848 | +€8,481 | +358.2% |
| Profit (loss) for the period | 9904 | €9,522 | €14,517 | +€4,995 | +52.5% |
| Profit (loss) for the period to be appropriated | 9905 | €9,522 | €14,517 | +€4,995 | +52.5% |
Source: filed annual accounts (NBB), fiscal 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 September 2026 via checked.be.