Smolders: 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.
Smolders
Largest movements
- Cash +€1,936
up €1,936 (+20.1%), from €9,628 to €11,563
mainly Trade debts (+€11,372) and Other debts (+€6,886)
- Stocks and contracts +€1,426
up €1,426 (+9.1%), from €15,629 to €17,054
- Tangible fixed assets -€1,128
down €1,128 (-17.5%), from €6,465 to €5,337
of which Plant, machinery and equipment: -€778
- Deferred charges and accrued income +€593
up €593 (+62.5%), from €949 to €1,541
- Profit (loss) carried forward -€15,433
down €15,433 (-63.6%), from -€24,261 to -€39,694
- Trade debts +€11,372
up €11,372 (+161.3%), from €7,052 to €18,424
- Other debts +€6,886
up €6,886, from €0 to €6,886
- Gross operating margin -€31,432
down €31,432, from €25,573 to -€5,859
- Depreciation -€4,427
down €4,427 (-49.9%), from €8,868 to €4,441
- Financial charges -€1,178
down €1,178 (-41.3%), from €2,857 to €1,678
- Other operating charges -€612
down €612 (-15.1%), from €4,066 to €3,454
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 | €37,159 | €39,984 | +€2,825 | +7.6% |
| Fixed assets | 21/28 | €6,535 | €5,407 | -€1,128 | -17.3% |
| Tangible fixed assets | 22/27 | €6,465 | €5,337 | -€1,128 | -17.5% |
| Land and buildings | 22 | €293 | €151 | -€141 | -48.3% |
| Plant, machinery and equipment | 23 | €5,963 | €5,186 | -€778 | -13.0% |
| Furniture and vehicles | 24 | €209 | €0 | -€209 | -100.0% |
| Financial fixed assets | 28 | €70 | €70 | = | 0.0% |
| Current assets | 29/58 | €30,624 | €34,577 | +€3,953 | +12.9% |
| Stocks and contracts in progress | 3 | €15,629 | €17,054 | +€1,426 | +9.1% |
| Stocks | 30/36 | €15,629 | €17,054 | +€1,426 | +9.1% |
| Amounts receivable within one year | 40/41 | €4,419 | €4,418 | -€0 | 0.0% |
| Trade receivables | 40 | €3,322 | €3,620 | +€298 | +9.0% |
| Other amounts receivable | 41 | €1,097 | €799 | -€298 | -27.2% |
| Cash at bank and in hand | 54/58 | €9,628 | €11,563 | +€1,936 | +20.1% |
| Deferred charges and accrued income | 490/1 | €949 | €1,541 | +€593 | +62.5% |
| Total equity and liabilities | 10/49 | €37,159 | €39,984 | +€2,825 | +7.6% |
| Equity | 10/15 | -€3,557 | -€18,990 | -€15,433 | -433.8% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €2,112 | €2,112 | = | 0.0% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Other | 1319 | €0 | - | = | |
| Distributable reserves | 133 | €2,112 | €2,112 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€24,261 | -€39,694 | -€15,433 | -63.6% |
| Amounts payable | 17/49 | €40,716 | €58,974 | +€18,258 | +44.8% |
| Amounts payable after more than one year | 17 | €21,860 | €21,860 | = | 0.0% |
| Financial debts | 170/4 | €21,860 | €21,860 | = | 0.0% |
| Amounts payable within one year | 42/48 | €18,856 | €37,114 | +€18,258 | +96.8% |
| Current portion of amounts payable after more than one year | 42 | €11,804 | €11,804 | = | 0.0% |
| Trade debts | 44 | €7,052 | €18,424 | +€11,372 | +161.3% |
| Suppliers | 440/4 | €7,052 | €18,424 | +€11,372 | +161.3% |
| Other amounts payable | 47/48 | €0 | €6,886 | +€6,886 | |
| Non-recurring operating income | 76A | €50 | €0 | -€50 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,868 | €4,441 | -€4,427 | -49.9% |
| Other operating charges | 640/8 | €4,066 | €3,454 | -€612 | -15.1% |
| Gross operating margin | 9900 | €25,573 | -€5,859 | -€31,432 | |
| Operating profit (loss) | 9901 | €12,639 | -€13,755 | -€26,393 | |
| Financial income | 75/76B | €1 | €0 | -€1 | -100.0% |
| Recurring financial income | 75 | €1 | €0 | -€1 | -100.0% |
| Financial charges | 65/66B | €2,857 | €1,678 | -€1,178 | -41.3% |
| Recurring financial charges | 65 | €2,857 | €1,678 | -€1,178 | -41.3% |
| Profit (loss) for the period before taxes | 9903 | €9,783 | -€15,433 | -€25,216 | |
| Profit (loss) for the period | 9904 | €9,783 | -€15,433 | -€25,216 | |
| Profit (loss) for the period to be appropriated | 9905 | €9,783 | -€15,433 | -€25,216 |
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 5 October 2026 via checked.be.