SMITZ & CO: 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.
SMITZ & CO
Largest movements
- Current investments -€350,000
no longer reported in 2025 (was €350,000)
- Cash +€332,685
up €332,685 (+877%), from €37,923 to €370,608
mainly Current investments (+€350,000) and Smaller working-capital items (+€777)
No liability line moved by more than 1% of the balance sheet total.
- Turnover -€812,279
no longer reported in 2025 (was €812,279)
- Goods and materials -€653,474
no longer reported in 2025 (was €653,474)
of which Purchases: -€652,974
- Taxes -€193,732
no longer reported in 2025 (was €193,732)
- Services and other goods -€190,123
no longer reported in 2025 (was €190,123)
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 | €1,079,082 | €1,069,936 | -€9,146 | -0.8% |
| Current assets | 29/58 | €1,079,082 | €1,069,936 | -€9,146 | -0.8% |
| Stocks and contracts in progress | 3 | €485,000 | €485,000 | = | 0.0% |
| Stocks | 30/36 | €485,000 | €485,000 | = | 0.0% |
| Property held for sale | 35 | €485,000 | - | -€485,000 | |
| Amounts receivable within one year | 40/41 | €198,233 | €201,629 | +€3,396 | +1.7% |
| Other amounts receivable | 41 | €198,233 | €201,629 | +€3,396 | +1.7% |
| Current investments | 50/53 | €350,000 | - | -€350,000 | |
| Other investments | 51/53 | €350,000 | - | -€350,000 | |
| Cash at bank and in hand | 54/58 | €37,923 | €370,608 | +€332,685 | +877% |
| Deferred charges and accrued income | 490/1 | €7,926 | €12,699 | +€4,773 | +60.2% |
| Total equity and liabilities | 10/49 | €1,079,082 | €1,069,936 | -€9,146 | -0.8% |
| Equity | 10/15 | €710,417 | €700,494 | -€9,923 | -1.4% |
| Contributions | 10/11 | €37,184 | €37,184 | = | 0.0% |
| Reserves | 13 | €9,443 | €9,443 | = | 0.0% |
| Distributable reserves | 133 | €9,443 | €9,443 | = | 0.0% |
| Profit (loss) carried forward | 14 | €663,790 | €653,867 | -€9,923 | -1.5% |
| Amounts payable | 17/49 | €368,665 | €369,442 | +€777 | +0.2% |
| Amounts payable within one year | 42/48 | €366,050 | €366,779 | +€729 | +0.2% |
| Financial debts | 43 | €364,000 | €364,000 | = | 0.0% |
| Credit institutions | 430/8 | €364,000 | €364,000 | = | 0.0% |
| Trade debts | 44 | €2,050 | €2,779 | +€729 | +35.6% |
| Suppliers | 440/4 | €2,050 | €2,779 | +€729 | +35.6% |
| Accrued charges and deferred income | 492/3 | €2,615 | €2,663 | +€48 | +1.8% |
| Operating income | 70/76A | €1,009,952 | - | -€1.0m | |
| Turnover | 70 | €812,279 | - | -€812,279 | |
| Other operating income | 74 | €210 | - | -€210 | |
| Non-recurring operating income | 76A | €197,463 | - | -€197,463 | |
| Operating charges | 60/66A | €851,020 | - | -€851,020 | |
| Goods for resale, raw materials and consumables | 60 | €653,474 | - | -€653,474 | |
| Purchases | 600/8 | €652,974 | - | -€652,974 | |
| Change in stocks: decrease (increase) | 609 | €500 | - | -€500 | |
| Services and other goods | 61 | €190,123 | - | -€190,123 | |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€500 | - | +€500 | |
| Other operating charges | 640/8 | €7,923 | €1,424 | -€6,499 | -82.0% |
| Gross operating margin | 9900 | - | -€6,996 | -€6,996 | |
| Operating profit (loss) | 9901 | €158,932 | -€8,420 | -€167,352 | |
| Financial income | 75/76B | €11,320 | €11,333 | +€13 | +0.1% |
| Recurring financial income | 75 | €11,320 | €11,333 | +€13 | +0.1% |
| Income from current assets | 751 | €11,319 | - | -€11,319 | |
| Other financial income | 752/9 | €1 | - | -€1 | |
| Financial charges | 65/66B | €15,265 | €12,836 | -€2,429 | -15.9% |
| Recurring financial charges | 65 | €15,265 | €12,836 | -€2,429 | -15.9% |
| Debt charges | 650 | €14,690 | - | -€14,690 | |
| Other financial charges | 652/9 | €575 | - | -€575 | |
| Profit (loss) for the period before taxes | 9903 | €154,987 | -€9,923 | -€164,910 | |
| Transfer from deferred taxes | 780 | €211,113 | - | -€211,113 | |
| Income taxes | 67/77 | €193,732 | - | -€193,732 | |
| Taxes | 670/3 | €193,732 | - | -€193,732 | |
| Profit (loss) for the period | 9904 | €172,368 | -€9,923 | -€182,291 | |
| Transfer from tax-exempt reserves | 789 | €633,339 | - | -€633,339 | |
| Profit (loss) for the period to be appropriated | 9905 | €805,707 | -€9,923 | -€815,630 |
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 14 October 2026 via checked.be.