S.M. Architecture: 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.
S.M. Architecture
Largest movements
- Receivables within one year -€7,011
down €7,011 (-43.3%), from €16,196 to €9,185
of which Other amounts receivable: -€4,843
- Intangible fixed assets -€6,770
down €6,770 (-15.6%), from €43,535 to €36,764
- Cash +€4,064
new in 2025: €4,064
mainly Other debts (+€7,530) and Depreciation (+€7,331)
- Deferred charges and accrued income +€1,017
up €1,017 (+52.6%), from €1,934 to €2,951
- Profit (loss) carried forward -€12,660
down €12,660, from €5,860 to -€6,800
- Other debts +€7,530
new in 2025: €7,530
- Debts after one year -€6,931
down €6,931 (-20.3%), from €34,117 to €27,186
- Trade debts +€3,932
up €3,932 (+78.0%), from €5,039 to €8,972
- Short-term financial debts -€1,591
no longer reported in 2025 (was €1,591)
- Taxes +€2,860
up €2,860 (+1,825%), from €157 to €3,017
- Gross operating margin +€2,183
up €2,183 (+80.2%), from €2,722 to €4,905
- Financial charges +€1,977
up €1,977 (+56.7%), from €3,488 to €5,464
- Other operating charges +€623
up €623 (+55.1%), from €1,132 to €1,755
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 | €64,881 | €55,621 | -€9,260 | -14.3% |
| Fixed assets | 21/28 | €46,752 | €39,421 | -€7,331 | -15.7% |
| Intangible fixed assets | 21 | €43,535 | €36,764 | -€6,770 | -15.6% |
| Tangible fixed assets | 22/27 | €2,924 | €2,363 | -€560 | -19.2% |
| Furniture and vehicles | 24 | €2,924 | €2,363 | -€560 | -19.2% |
| Financial fixed assets | 28 | €293 | €293 | = | 0.0% |
| Current assets | 29/58 | €18,129 | €16,200 | -€1,930 | -10.6% |
| Amounts receivable within one year | 40/41 | €16,196 | €9,185 | -€7,011 | -43.3% |
| Trade receivables | 40 | €10,509 | €8,341 | -€2,168 | -20.6% |
| Other amounts receivable | 41 | €5,686 | €843 | -€4,843 | -85.2% |
| Cash at bank and in hand | 54/58 | - | €4,064 | +€4,064 | |
| Deferred charges and accrued income | 490/1 | €1,934 | €2,951 | +€1,017 | +52.6% |
| Total equity and liabilities | 10/49 | €64,881 | €55,621 | -€9,260 | -14.3% |
| Equity | 10/15 | €8,360 | -€4,300 | -€12,660 | |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €5,860 | -€6,800 | -€12,660 | |
| Amounts payable | 17/49 | €56,521 | €59,921 | +€3,399 | +6.0% |
| Amounts payable after more than one year | 17 | €34,117 | €27,186 | -€6,931 | -20.3% |
| Financial debts | 170/4 | €34,117 | €27,186 | -€6,931 | -20.3% |
| Amounts payable within one year | 42/48 | €22,359 | €32,676 | +€10,317 | +46.1% |
| Current portion of amounts payable after more than one year | 42 | €6,593 | €6,931 | +€339 | +5.1% |
| Financial debts | 43 | €1,591 | - | -€1,591 | |
| Credit institutions | 430/8 | €1,591 | - | -€1,591 | |
| Trade debts | 44 | €5,039 | €8,972 | +€3,932 | +78.0% |
| Suppliers | 440/4 | €5,039 | €8,972 | +€3,932 | +78.0% |
| Taxes, remuneration and social security | 45 | €9,136 | €9,244 | +€108 | +1.2% |
| Taxes | 450/3 | €9,136 | €9,244 | +€108 | +1.2% |
| Other amounts payable | 47/48 | - | €7,530 | +€7,530 | |
| Accrued charges and deferred income | 492/3 | €45 | €59 | +€14 | +29.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,331 | €7,331 | -€0 | 0.0% |
| Other operating charges | 640/8 | €1,132 | €1,755 | +€623 | +55.1% |
| Gross operating margin | 9900 | €2,722 | €4,905 | +€2,183 | +80.2% |
| Operating profit (loss) | 9901 | -€5,740 | -€4,180 | +€1,560 | +27.2% |
| Financial income | 75/76B | - | €2 | +€2 | |
| Recurring financial income | 75 | - | €2 | +€2 | |
| Financial charges | 65/66B | €3,488 | €5,464 | +€1,977 | +56.7% |
| Recurring financial charges | 65 | €3,488 | €5,464 | +€1,977 | +56.7% |
| Profit (loss) for the period before taxes | 9903 | -€9,228 | -€9,643 | -€415 | -4.5% |
| Income taxes | 67/77 | €157 | €3,017 | +€2,860 | +1,825% |
| Profit (loss) for the period | 9904 | -€9,385 | -€12,660 | -€3,275 | -34.9% |
| Profit (loss) for the period to be appropriated | 9905 | -€9,385 | -€12,660 | -€3,275 | -34.9% |
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 23 October 2026 via checked.be.