S.M.C.S.: 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.C.S.
Largest movements
- Current assets -€20,339
down €20,339 (-65.0%), from €31,302 to €10,962
of which Cash: -€16,113
- Tangible fixed assets +€12,004
up €12,004 (+12.5%), from €95,920 to €107,924
- Contributions +€50,000
up €50,000 (+73.3%), from €68,171 to €118,171
- Debts within one year -€29,830
down €29,830 (-29.0%), from €102,774 to €72,944
- Profit (loss) carried forward -€23,882
down €23,882 (-34.4%), from -€69,415 to -€93,297
- Debts after one year -€4,624
down €4,624 (-29.7%), from €15,562 to €10,939
- Turnover +€17,122
up €17,122 (+35.3%), from €48,452 to €65,574
- Gross operating margin +€3,463
up €3,463 (+27.4%), from -€12,627 to -€9,164
- Depreciation +€2,153
up €2,153 (+16.1%), from €13,405 to €15,558
From the 2010 result to the 2011 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
Cash or the result is not a separate line in both sets of accounts; the cash flow cannot be derived from them.
Every line side by side
| Line | Code | 2010 | 2011 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €127,222 | €118,886 | -€8,336 | -6.6% |
| Fixed assets | 21/28 | €95,920 | €107,924 | +€12,004 | +12.5% |
| Tangible fixed assets | 22/27 | €95,920 | €107,924 | +€12,004 | +12.5% |
| Current assets | 29/58 | €31,302 | €10,962 | -€20,339 | -65.0% |
| Stocks and contracts in progress | 3 | €5,365 | €4,289 | -€1,076 | -20.1% |
| Amounts receivable within one year | 40/41 | €2,890 | €709 | -€2,181 | -75.5% |
| Cash at bank and in hand | 54/58 | €21,846 | €5,732 | -€16,113 | -73.8% |
| Total equity and liabilities | 10/49 | €127,222 | €118,886 | -€8,336 | -6.6% |
| Equity | 10/15 | €8,886 | €35,004 | +€26,118 | +294% |
| Contributions | 10/11 | €68,171 | €118,171 | +€50,000 | +73.3% |
| Reserves | 13 | €10,130 | €10,130 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€69,415 | -€93,297 | -€23,882 | -34.4% |
| Amounts payable | 17/49 | €118,336 | €83,882 | -€34,454 | -29.1% |
| Amounts payable after more than one year | 17 | €15,562 | €10,939 | -€4,624 | -29.7% |
| Amounts payable within one year | 42/48 | €102,774 | €72,944 | -€29,830 | -29.0% |
| Trade debts | 44 | €9,233 | €1,327 | -€7,906 | -85.6% |
| Turnover | 70 | €48,452 | €65,574 | +€17,122 | +35.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,405 | €15,558 | +€2,153 | +16.1% |
| Gross operating margin | 9900 | -€12,627 | -€9,164 | +€3,463 | +27.4% |
| Operating profit (loss) | 9901 | -€27,540 | -€26,469 | +€1,071 | +3.9% |
| Recurring financial income | 75 | €9 | €38 | +€29 | +333% |
| Recurring financial charges | 65 | €1,444 | €1,163 | -€281 | -19.4% |
| Profit (loss) for the period before taxes | 9903 | -€25,575 | -€23,882 | +€1,693 | +6.6% |
| Profit (loss) for the period | 9904 | -€25,575 | -€23,882 | +€1,693 | +6.6% |
| Profit (loss) for the period to be appropriated | 9905 | -€25,575 | -€23,882 | +€1,693 | +6.6% |
Source: filed annual accounts (NBB), financial years ended 31 December 2010 and 31 December 2011. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 23 October 2026 via checked.be.