S.M.B. RENOVATION: what changed
S.M.B. RENOVATION
Largest movements
- Cash -€29,277
down €29,277 (-95.4%), from €30,680 to €1,404
mainly Receivables within one year (-€26,769) and Other debts (-€25,382)
- Receivables within one year +€26,769
up €26,769 (+12.4%), from €216,190 to €242,959
of which Other amounts receivable: +€85,437
- Financial fixed assets -€4,650
down €4,650 (-48.0%), from €9,695 to €5,045
- Tangible fixed assets -€3,164
down €3,164 (-68.6%), from €4,609 to €1,445
- Other debts -€25,382
no longer reported in 2024 (was €25,382)
- Short-term financial debts +€17,222
new in 2024: €17,222
- Tax, wage and social debts -€3,114
down €3,114 (-12.8%), from €24,422 to €21,308
of which Taxes: -€2,746
- Taxes +€15,261
new in 2024: €15,261
- Financial income -€12,589
no longer reported in 2024 (was €12,589)
- Gross operating margin -€8,284
down €8,284 (-11.1%), from €74,939 to €66,655
- Staff costs -€4,378
down €4,378 (-9.6%), from €45,548 to €41,170
- Other operating charges -€2,861
down €2,861 (-49.4%), from €5,794 to €2,933
Change in the result, 2023 to 2024
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2023 and 2024 balance sheets and the 2024 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €277,001 | €269,641 | -€7,360 | -2.7% |
| Fixed assets | 21/28 | €14,304 | €6,490 | -€7,814 | -54.6% |
| Tangible fixed assets | 22/27 | €4,609 | €1,445 | -€3,164 | -68.6% |
| Furniture and vehicles | 24 | €4,609 | €1,445 | -€3,164 | -68.6% |
| Financial fixed assets | 28 | €9,695 | €5,045 | -€4,650 | -48.0% |
| Current assets | 29/58 | €262,697 | €263,151 | +€454 | +0.2% |
| Stocks and contracts in progress | 3 | €15,826 | €16,783 | +€956 | +6.0% |
| Stocks | 30/36 | €15,826 | €16,783 | +€956 | +6.0% |
| Amounts receivable within one year | 40/41 | €216,190 | €242,959 | +€26,769 | +12.4% |
| Trade receivables | 40 | €216,190 | €157,522 | -€58,668 | -27.1% |
| Other amounts receivable | 41 | - | €85,437 | +€85,437 | |
| Cash at bank and in hand | 54/58 | €30,680 | €1,404 | -€29,277 | -95.4% |
| Deferred charges and accrued income | 490/1 | - | €2,005 | +€2,005 | |
| Total equity and liabilities | 10/49 | €277,001 | €269,641 | -€7,360 | -2.7% |
| Equity | 10/15 | €121,707 | €123,408 | +€1,701 | +1.4% |
| Contributions | 10/11 | €16,200 | €16,200 | = | 0.0% |
| Contributions outside capital | 11 | €16,200 | - | -€16,200 | |
| Other | 1109/19 | €16,200 | - | -€16,200 | |
| Reserves | 13 | €1,860 | €1,860 | = | 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% |
| Profit (loss) carried forward | 14 | €103,647 | €105,348 | +€1,701 | +1.6% |
| Amounts payable | 17/49 | €155,294 | €146,233 | -€9,061 | -5.8% |
| Amounts payable within one year | 42/48 | €155,294 | €146,233 | -€9,061 | -5.8% |
| Financial debts | 43 | - | €17,222 | +€17,222 | |
| Credit institutions | 430/8 | - | €17,222 | +€17,222 | |
| Trade debts | 44 | €105,490 | €107,703 | +€2,213 | +2.1% |
| Suppliers | 440/4 | €105,490 | €107,703 | +€2,213 | +2.1% |
| Taxes, remuneration and social security | 45 | €24,422 | €21,308 | -€3,114 | -12.8% |
| Taxes | 450/3 | €17,234 | €14,488 | -€2,746 | -15.9% |
| Remuneration and social security | 454/9 | €7,188 | €6,820 | -€368 | -5.1% |
| Other amounts payable | 47/48 | €25,382 | - | -€25,382 | |
| Remuneration, social security and pensions | 62 | €45,548 | €41,170 | -€4,378 | -9.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,401 | €3,164 | -€1,238 | -28.1% |
| Other operating charges | 640/8 | €5,794 | €2,933 | -€2,861 | -49.4% |
| Gross operating margin | 9900 | €74,939 | €66,655 | -€8,284 | -11.1% |
| Operating profit (loss) | 9901 | €19,196 | €19,389 | +€194 | +1.0% |
| Financial income | 75/76B | €12,589 | - | -€12,589 | |
| Recurring financial income | 75 | €12,589 | - | -€12,589 | |
| Financial charges | 65/66B | €271 | €2,427 | +€2,156 | +794% |
| Recurring financial charges | 65 | €271 | €2,427 | +€2,156 | +794% |
| Profit (loss) for the period before taxes | 9903 | €31,513 | €16,962 | -€14,551 | -46.2% |
| Income taxes | 67/77 | - | €15,261 | +€15,261 | |
| Profit (loss) for the period | 9904 | €31,513 | €1,701 | -€29,812 | -94.6% |
| Profit (loss) for the period to be appropriated | 9905 | €31,513 | €1,701 | -€29,812 | -94.6% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Green is a favourable move for that line, red an unfavourable one. Prepared on 2 November 2026 via checked.be.