SMOKER 2.0: what changed
What changed
SMOKER 2.0
NACE 47.260, Retail trade
filed annual accounts (NBB)
Net result for the year
-€21,567
2024 · -€10,535-€11,032
Equity
€252,864
2024 · €274,431-€21,567
Cash
€187,370
2024 · €213,218-€25,849
Balance sheet total
€264,779
2024 · €309,602-€44,823
Largest movements
Assets
- Cash -€25,849
down €25,849 (-12.1%), from €213,218 to €187,370
mainly Net result for the year (-€21,567) and Tax, wage and social debts (-€16,644)
- Stocks and contracts -€9,688
down €9,688 (-17.3%), from €55,906 to €46,218
- Tangible fixed assets -€7,860
down €7,860 (-21.2%), from €37,083 to €29,223
of which Land and buildings: -€5,617
Equity and liabilities
- Profit (loss) carried forward -€21,567
down €21,567 (-17.5%), from €123,162 to €101,595
- Tax, wage and social debts -€16,644
down €16,644 (-66.9%), from €24,869 to €8,225
of which Remuneration and social security: -€8,815
- Current portion of long-term debt -€7,216
no longer reported in 2025 (was €7,216)
Income statement
- Gross operating margin -€59,549
down €59,549 (-74.8%), from €79,642 to €20,093
- Financial charges -€31,917
down €31,917 (-90.9%), from €35,125 to €3,207
- Staff costs -€18,331
down €18,331 (-40.9%), from €44,858 to €26,527
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.
Result 2024
-€10,535
Gross operating margin
-€59,549
Staff costs
+€18,331
Depreciation
-€300
Write-downs
+€712
Other operating charges
-€432
Other operating items
-€1,710
Financial charges
+€31,917
Result 2025
-€21,567
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
-€20,483
Investment
+€1,851
Financing
-€7,216
Cash 2024
€213,218
From operations (derived)
-€20,483
Net result for the year
-€21,567
Depreciation
+€7,970
Stocks and contracts
+€9,688
Receivables within one year
-€562
Deferred charges and accrued income
+€27
Trade debts
+€340
Tax, wage and social debts
-€16,644
Other debts
+€264
Investment (derived)
+€1,851
Investment in fixed assets (net)
+€1,851
Financing
-€7,216
Current portion of long-term debt
-€7,216
Cash 2025
€187,370
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €309,602 | €264,779 | -€44,823 | -14.5% |
| Fixed assets | 21/28 | €39,392 | €29,571 | -€9,821 | -24.9% |
| Intangible fixed assets | 21 | €548 | €298 | -€250 | -45.6% |
| Tangible fixed assets | 22/27 | €37,083 | €29,223 | -€7,860 | -21.2% |
| Land and buildings | 22 | €29,710 | €24,093 | -€5,617 | -18.9% |
| Plant, machinery and equipment | 23 | €5,158 | €4,060 | -€1,098 | -21.3% |
| Furniture and vehicles | 24 | €2,216 | €1,070 | -€1,146 | -51.7% |
| Financial fixed assets | 28 | €1,760 | €50 | -€1,710 | -97.2% |
| Current assets | 29/58 | €270,211 | €235,208 | -€35,003 | -13.0% |
| Stocks and contracts in progress | 3 | €55,906 | €46,218 | -€9,688 | -17.3% |
| Stocks | 30/36 | €55,906 | €46,218 | -€9,688 | -17.3% |
| Amounts receivable within one year | 40/41 | €976 | €1,538 | +€562 | +57.5% |
| Trade receivables | 40 | €884 | €1,168 | +€284 | +32.1% |
| Other amounts receivable | 41 | €92 | €369 | +€278 | +303% |
| Cash at bank and in hand | 54/58 | €213,218 | €187,370 | -€25,849 | -12.1% |
| Deferred charges and accrued income | 490/1 | €110 | €83 | -€27 | -24.4% |
| Total equity and liabilities | 10/49 | €309,602 | €264,779 | -€44,823 | -14.5% |
| Equity | 10/15 | €274,431 | €252,864 | -€21,567 | -7.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €132,669 | €132,669 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Tax-exempt reserves | 132 | €10,809 | €10,809 | = | 0.0% |
| Distributable reserves | 133 | €120,000 | €120,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €123,162 | €101,595 | -€21,567 | -17.5% |
| Amounts payable | 17/49 | €35,172 | €11,915 | -€23,256 | -66.1% |
| Amounts payable within one year | 42/48 | €35,172 | €11,915 | -€23,256 | -66.1% |
| Current portion of amounts payable after more than one year | 42 | €7,216 | - | -€7,216 | |
| Trade debts | 44 | €648 | €987 | +€340 | +52.5% |
| Suppliers | 440/4 | €648 | €987 | +€340 | +52.5% |
| Taxes, remuneration and social security | 45 | €24,869 | €8,225 | -€16,644 | -66.9% |
| Taxes | 450/3 | €13,896 | €6,067 | -€7,829 | -56.3% |
| Remuneration and social security | 454/9 | €10,973 | €2,158 | -€8,815 | -80.3% |
| Other amounts payable | 47/48 | €2,439 | €2,703 | +€264 | +10.8% |
| Remuneration, social security and pensions | 62 | €44,858 | €26,527 | -€18,331 | -40.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,670 | €7,970 | +€300 | +3.9% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €2,524 | €1,813 | -€712 | -28.2% |
| Other operating charges | 640/8 | - | €432 | +€432 | |
| Non-recurring operating charges | 66A | - | €1,710 | +€1,710 | |
| Gross operating margin | 9900 | €79,642 | €20,093 | -€59,549 | -74.8% |
| Operating profit (loss) | 9901 | €24,590 | -€18,360 | -€42,949 | |
| Financial charges | 65/66B | €35,125 | €3,207 | -€31,917 | -90.9% |
| Recurring financial charges | 65 | €35,125 | €3,207 | -€31,917 | -90.9% |
| Profit (loss) for the period before taxes | 9903 | -€10,535 | -€21,567 | -€11,032 | -105% |
| Profit (loss) for the period | 9904 | -€10,535 | -€21,567 | -€11,032 | -105% |
| Profit (loss) for the period to be appropriated | 9905 | -€10,535 | -€21,567 | -€11,032 | -105% |
Next steps
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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 5 November 2026 via checked.be.