Smits Immo: 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 Immo
Largest movements
- Stocks and contracts +€1.4m
up €1.4m (+4654.8%), from €29,192 to €1.4m
- Receivables within one year -€79,885
down €79,885 (-98.6%), from €81,053 to €1,167
of which Trade receivables: -€48,400
- Accrued charges and deferred income +€753,084
up €753,084 (+44345.3%), from €1,698 to €754,783
- Other debts +€443,120
up €443,120 (+186.5%), from €237,575 to €680,694
- Debts after one year +€165,693
new in 2025: €165,693
- Profit (loss) carried forward -€101,306
down €101,306 (-206.0%), from -€49,178 to -€150,484
- Trade debts +€28,388
up €28,388 (+207.0%), from €13,714 to €42,103
- Financial charges +€50,932
up €50,932 (+329.2%), from €15,470 to €66,401
- Gross operating margin -€39,758
down €39,758, from €9,768 to -€29,990
- Financial income +€13,466
up €13,466 (+44887700.0%), from €0 to €13,466
- Depreciation -€1,537
down €1,537 (-9.7%), from €15,912 to €14,375
- Other operating charges -€1,447
down €1,447 (-28.3%), from €5,111 to €3,664
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 | €262,467 | €1,549,507 | +€1.3m | +490.4% |
| Fixed assets | 21/28 | €128,789 | €114,415 | -€14,375 | -11.2% |
| Tangible fixed assets | 22/27 | €126,272 | €111,898 | -€14,375 | -11.4% |
| Land and buildings | 22 | €123,376 | €111,143 | -€12,233 | -9.9% |
| Furniture and vehicles | 24 | €2,896 | €755 | -€2,142 | -73.9% |
| Financial fixed assets | 28 | €2,517 | €2,517 | = | 0.0% |
| Current assets | 29/58 | €133,677 | €1,435,092 | +€1.3m | +973.5% |
| Stocks and contracts in progress | 3 | €29,192 | €1,388,036 | +€1.4m | +4654.8% |
| Stocks | 30/36 | €29,192 | €1,388,036 | +€1.4m | +4654.8% |
| Amounts receivable within one year | 40/41 | €81,053 | €1,167 | -€79,885 | -98.6% |
| Trade receivables | 40 | €48,400 | - | -€48,400 | |
| Other amounts receivable | 41 | €32,653 | €1,167 | -€31,485 | -96.4% |
| Cash at bank and in hand | 54/58 | €18,949 | €26,883 | +€7,935 | +41.9% |
| Deferred charges and accrued income | 490/1 | €4,484 | €19,005 | +€14,521 | +323.9% |
| Total equity and liabilities | 10/49 | €262,467 | €1,549,507 | +€1.3m | +490.4% |
| Equity | 10/15 | €6,906 | -€94,400 | -€101,306 | |
| Contributions | 10/11 | €56,084 | €56,084 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€49,178 | -€150,484 | -€101,306 | -206.0% |
| Amounts payable | 17/49 | €255,561 | €1,643,907 | +€1.4m | +543.3% |
| Amounts payable after more than one year | 17 | - | €165,693 | +€165,693 | |
| Financial debts | 170/4 | - | €165,693 | +€165,693 | |
| Amounts payable within one year | 42/48 | €253,863 | €723,431 | +€469,569 | +185.0% |
| Current portion of amounts payable after more than one year | 42 | €1,901 | - | -€1,901 | |
| Trade debts | 44 | €13,714 | €42,103 | +€28,388 | +207.0% |
| Suppliers | 440/4 | €13,714 | €42,103 | +€28,388 | +207.0% |
| Taxes, remuneration and social security | 45 | €673 | €634 | -€39 | -5.8% |
| Taxes | 450/3 | €673 | €634 | -€39 | -5.8% |
| Other amounts payable | 47/48 | €237,575 | €680,694 | +€443,120 | +186.5% |
| Accrued charges and deferred income | 492/3 | €1,698 | €754,783 | +€753,084 | +44345.3% |
| Non-recurring operating income | 76A | €9,905 | - | -€9,905 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,912 | €14,375 | -€1,537 | -9.7% |
| Other operating charges | 640/8 | €5,111 | €3,664 | -€1,447 | -28.3% |
| Gross operating margin | 9900 | €9,768 | -€29,990 | -€39,758 | |
| Operating profit (loss) | 9901 | -€11,255 | -€48,029 | -€36,774 | -326.7% |
| Financial income | 75/76B | €0 | €13,466 | +€13,466 | +44887700.0% |
| Recurring financial income | 75 | €0 | €13,466 | +€13,466 | +44887700.0% |
| Financial charges | 65/66B | €15,470 | €66,401 | +€50,932 | +329.2% |
| Recurring financial charges | 65 | €15,470 | €66,401 | +€50,932 | +329.2% |
| Profit (loss) for the period before taxes | 9903 | -€26,724 | -€100,964 | -€74,239 | -277.8% |
| Income taxes | 67/77 | €344 | €342 | -€2 | -0.7% |
| Profit (loss) for the period | 9904 | -€27,069 | -€101,306 | -€74,237 | -274.3% |
| Profit (loss) for the period to be appropriated | 9905 | -€27,069 | -€101,306 | -€74,237 | -274.3% |
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 6 October 2026 via checked.be.