SMITS R.: 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.
SMITS R.
Largest movements
- Receivables after one year -€24,808
no longer reported in 2025 (was €24,808)
- Cash -€1,294
down €1,294 (-3.7%), from €34,568 to €33,274
mainly Contributions, distributions and other (-€68,272) and Trade debts (-€6,491)
- Reserves -€47,627
no longer reported in 2025 (was €47,627)
- Other debts +€20,645
new in 2025: €20,645
- Trade debts -€6,491
down €6,491 (-87.1%), from €7,452 to €960
- Tax, wage and social debts +€4,520
up €4,520 (+264%), from €1,712 to €6,232
- Debts after one year +€3,170
new in 2025: €3,170
- Gross operating margin +€5,647
up €5,647 (+25.8%), from €21,849 to €27,496
- Taxes +€1,197
up €1,197 (+24.1%), from €4,962 to €6,159
- Other operating charges -€644
down €644 (-53.2%), from €1,211 to €567
- Depreciation -€288
down €288 (-74.5%), from €386 to €99
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.
Derived cash bridge
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 | €59,791 | €34,008 | -€25,783 | -43.1% |
| Fixed assets | 21/28 | €99 | - | -€99 | |
| Tangible fixed assets | 22/27 | €99 | - | -€99 | |
| Furniture and vehicles | 24 | €99 | - | -€99 | |
| Current assets | 29/58 | €59,692 | €34,008 | -€25,685 | -43.0% |
| Amounts receivable after more than one year | 29 | €24,808 | - | -€24,808 | |
| Other amounts receivable | 291 | €24,808 | - | -€24,808 | |
| Cash at bank and in hand | 54/58 | €34,568 | €33,274 | -€1,294 | -3.7% |
| Deferred charges and accrued income | 490/1 | €316 | €734 | +€418 | +132% |
| Total equity and liabilities | 10/49 | €59,791 | €34,008 | -€25,783 | -43.1% |
| Equity | 10/15 | €50,627 | €3,000 | -€47,627 | -94.1% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €47,627 | - | -€47,627 | |
| Distributable reserves | 133 | €47,627 | - | -€47,627 | |
| Amounts payable | 17/49 | €9,164 | €31,008 | +€21,844 | +238% |
| Amounts payable after more than one year | 17 | - | €3,170 | +€3,170 | |
| Financial debts | 170/4 | - | €3,170 | +€3,170 | |
| Amounts payable within one year | 42/48 | €9,164 | €27,837 | +€18,674 | +204% |
| Trade debts | 44 | €7,452 | €960 | -€6,491 | -87.1% |
| Suppliers | 440/4 | €7,452 | €960 | -€6,491 | -87.1% |
| Taxes, remuneration and social security | 45 | €1,712 | €6,232 | +€4,520 | +264% |
| Taxes | 450/3 | €1,712 | €6,232 | +€4,520 | +264% |
| Other amounts payable | 47/48 | - | €20,645 | +€20,645 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €386 | €99 | -€288 | -74.5% |
| Other operating charges | 640/8 | €1,211 | €567 | -€644 | -53.2% |
| Gross operating margin | 9900 | €21,849 | €27,496 | +€5,647 | +25.8% |
| Operating profit (loss) | 9901 | €20,252 | €26,831 | +€6,579 | +32.5% |
| Financial income | 75/76B | €114 | €19 | -€95 | -83.5% |
| Recurring financial income | 75 | €114 | €19 | -€95 | -83.5% |
| Financial charges | 65/66B | €44 | €45 | +€2 | +3.4% |
| Recurring financial charges | 65 | €44 | €45 | +€2 | +3.4% |
| Profit (loss) for the period before taxes | 9903 | €20,322 | €26,804 | +€6,482 | +31.9% |
| Income taxes | 67/77 | €4,962 | €6,159 | +€1,197 | +24.1% |
| Profit (loss) for the period | 9904 | €15,360 | €20,645 | +€5,285 | +34.4% |
| Profit (loss) for the period to be appropriated | 9905 | €15,360 | €20,645 | +€5,285 | +34.4% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 October 2026 via checked.be.