SMITS CAR: what changed
SMITS CAR
Largest movements
- Receivables within one year -€15,127
down €15,127 (-32.2%), from €46,915 to €31,789
of which Trade receivables: -€15,548
- Stocks and contracts -€9,950
down €9,950 (-82.9%), from €12,000 to €2,050
- Cash -€8,277
down €8,277 (-96.4%), from €8,583 to €305
mainly Trade debts (-€41,161) and Tax, wage and social debts (-€3,029)
- Tangible fixed assets +€2,548
new in 2025: €2,548
- Trade debts -€41,161
down €41,161 (-89.9%), from €45,806 to €4,645
- Profit (loss) carried forward +€9,884
up €9,884, from -€2,301 to €7,583
- Accrued charges and deferred income +€3,500
new in 2025: €3,500
- Tax, wage and social debts -€3,029
down €3,029 (-56.2%), from €5,392 to €2,363
of which Taxes: -€2,799
- Turnover -€140,282
no longer reported in 2025 (was €140,282)
- Purchases and services +€33,070
up €33,070 (+22.3%), from €148,429 to €181,499
- Financial income +€13,580
up €13,580 (+109%), from €12,498 to €26,078
of which Financial income: +€25,511
- Gross operating margin -€5,591
down €5,591 (-68.6%), from -€8,147 to -€13,738
- Staff costs -€3,049
down €3,049 (-93.4%), from €3,264 to €214
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 | €67,498 | €36,692 | -€30,806 | -45.6% |
| Fixed assets | 21/28 | - | €2,548 | +€2,548 | |
| Tangible fixed assets | 22/27 | - | €2,548 | +€2,548 | |
| Furniture and vehicles | 24 | - | €2,548 | +€2,548 | |
| Current assets | 29/58 | €67,498 | €34,144 | -€33,354 | -49.4% |
| Stocks and contracts in progress | 3 | €12,000 | €2,050 | -€9,950 | -82.9% |
| Stocks | 30/36 | €12,000 | €2,050 | -€9,950 | -82.9% |
| Amounts receivable within one year | 40/41 | €46,915 | €31,789 | -€15,127 | -32.2% |
| Trade receivables | 40 | €32,635 | €17,087 | -€15,548 | -47.6% |
| Other amounts receivable | 41 | €14,280 | €14,702 | +€421 | +3.0% |
| Cash at bank and in hand | 54/58 | €8,583 | €305 | -€8,277 | -96.4% |
| Total equity and liabilities | 10/49 | €67,498 | €36,692 | -€30,806 | -45.6% |
| Equity | 10/15 | €16,299 | €26,183 | +€9,884 | +60.6% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€2,301 | €7,583 | +€9,884 | |
| Amounts payable | 17/49 | €51,198 | €10,509 | -€40,690 | -79.5% |
| Amounts payable within one year | 42/48 | €51,198 | €7,009 | -€44,190 | -86.3% |
| Financial debts | 43 | €0 | - | = | |
| Credit institutions | 430/8 | €0 | - | = | |
| Trade debts | 44 | €45,806 | €4,645 | -€41,161 | -89.9% |
| Suppliers | 440/4 | €45,806 | €4,645 | -€41,161 | -89.9% |
| Advances received on contracts in progress | 46 | €0 | €0 | = | |
| Taxes, remuneration and social security | 45 | €5,392 | €2,363 | -€3,029 | -56.2% |
| Taxes | 450/3 | €5,162 | €2,363 | -€2,799 | -54.2% |
| Remuneration and social security | 454/9 | €230 | €0 | -€230 | -100% |
| Other amounts payable | 47/48 | €0 | €0 | = | |
| Accrued charges and deferred income | 492/3 | - | €3,500 | +€3,500 | |
| Turnover | 70 | €140,282 | - | -€140,282 | |
| Non-recurring operating income | 76A | €0 | €0 | = | |
| Goods, raw materials, services and sundry goods | 60/61 | €148,429 | €181,499 | +€33,070 | +22.3% |
| Remuneration, social security and pensions | 62 | €3,264 | €214 | -€3,049 | -93.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €452 | +€452 | |
| Other operating charges | 640/8 | €1,382 | €1,479 | +€97 | +7.0% |
| Non-recurring operating charges | 66A | €0 | €0 | = | |
| Gross operating margin | 9900 | -€8,147 | -€13,738 | -€5,591 | -68.6% |
| Operating profit (loss) | 9901 | -€12,793 | -€15,884 | -€3,091 | -24.2% |
| Financial income | 75/76B | €12,498 | €26,078 | +€13,580 | +109% |
| Recurring financial income | 75 | €567 | €26,078 | +€25,511 | +4,503% |
| Non-recurring financial income | 76B | €11,931 | €26,078 | +€14,147 | +119% |
| Financial charges | 65/66B | €252 | €310 | +€58 | +23.0% |
| Recurring financial charges | 65 | €252 | €310 | +€58 | +23.0% |
| Non-recurring financial charges | 66B | €0 | €0 | = | |
| Profit (loss) for the period before taxes | 9903 | -€547 | €9,884 | +€10,431 | |
| Income taxes | 67/77 | -€655 | €0 | +€655 | |
| Profit (loss) for the period | 9904 | €107 | €9,884 | +€9,776 | +9,101% |
| Profit (loss) for the period to be appropriated | 9905 | €107 | €9,884 | +€9,776 | +9,101% |
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.