S.M. CONSULT: 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. CONSULT
Largest movements
- Receivables within one year -€383,284
down €383,284 (-56.3%), from €680,968 to €297,684
of which Other amounts receivable: -€379,640
- Reserves -€333,333
down €333,333 (-39.6%), from €841,860 to €508,527
of which Distributable reserves: -€331,473
- Profit (loss) carried forward -€50,227
down €50,227 (-39.4%), from -€127,329 to -€177,555
- Gross operating margin -€47,166
down €47,166 (-95.6%), from €49,333 to €2,167
- Financial income -€20,021
down €20,021 (-90.6%), from €22,095 to €2,074
of which Non-recurring financial income: -€22,095
- Other operating charges +€4,920
up €4,920 (+136%), from €3,618 to €8,539
- Depreciation -€1,653
down €1,653 (-22.3%), from €7,426 to €5,773
- Staff costs -€1,294
down €1,294 (-3.2%), from €40,463 to €39,168
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 | €736,192 | €347,333 | -€388,859 | -52.8% |
| Fixed assets | 21/28 | €51,033 | €45,260 | -€5,773 | -11.3% |
| Tangible fixed assets | 22/27 | €50,884 | €45,111 | -€5,773 | -11.3% |
| Plant, machinery and equipment | 23 | €3,898 | €2,870 | -€1,028 | -26.4% |
| Furniture and vehicles | 24 | €32,059 | €27,314 | -€4,745 | -14.8% |
| Other tangible fixed assets | 26 | €14,927 | €14,927 | = | 0.0% |
| Financial fixed assets | 28 | €149 | €149 | = | 0.0% |
| Current assets | 29/58 | €685,159 | €302,073 | -€383,086 | -55.9% |
| Stocks and contracts in progress | 3 | €876 | - | -€876 | |
| Stocks | 30/36 | €876 | - | -€876 | |
| Amounts receivable within one year | 40/41 | €680,968 | €297,684 | -€383,284 | -56.3% |
| Trade receivables | 40 | €9,529 | €5,885 | -€3,644 | -38.2% |
| Other amounts receivable | 41 | €671,439 | €291,799 | -€379,640 | -56.5% |
| Cash at bank and in hand | 54/58 | €3,072 | €4,048 | +€976 | +31.8% |
| Deferred charges and accrued income | 490/1 | €244 | €341 | +€97 | +40.0% |
| Total equity and liabilities | 10/49 | €736,192 | €347,333 | -€388,859 | -52.8% |
| Equity | 10/15 | €721,976 | €338,416 | -€383,560 | -53.1% |
| Contributions | 10/11 | €7,445 | €7,445 | = | 0.0% |
| Reserves | 13 | €841,860 | €508,527 | -€333,333 | -39.6% |
| Non-distributable reserves | 130/1 | €1,860 | - | -€1,860 | |
| Reserves not available under the articles | 1311 | €1,860 | - | -€1,860 | |
| Distributable reserves | 133 | €840,000 | €508,527 | -€331,473 | -39.5% |
| Profit (loss) carried forward | 14 | -€127,329 | -€177,555 | -€50,227 | -39.4% |
| Amounts payable | 17/49 | €14,216 | €8,917 | -€5,299 | -37.3% |
| Amounts payable within one year | 42/48 | €14,216 | €8,917 | -€5,299 | -37.3% |
| Current portion of amounts payable after more than one year | 42 | €3,471 | - | -€3,471 | |
| Trade debts | 44 | €4,662 | €1,409 | -€3,254 | -69.8% |
| Suppliers | 440/4 | €4,662 | €1,409 | -€3,254 | -69.8% |
| Taxes, remuneration and social security | 45 | €6,083 | €7,509 | +€1,426 | +23.4% |
| Taxes | 450/3 | €554 | €2,242 | +€1,688 | +305% |
| Remuneration and social security | 454/9 | €5,529 | €5,267 | -€262 | -4.7% |
| Non-recurring operating income | 76A | €2,066 | - | -€2,066 | |
| Remuneration, social security and pensions | 62 | €40,463 | €39,168 | -€1,294 | -3.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,426 | €5,773 | -€1,653 | -22.3% |
| Other operating charges | 640/8 | €3,618 | €8,539 | +€4,920 | +136% |
| Gross operating margin | 9900 | €49,333 | €2,167 | -€47,166 | -95.6% |
| Operating profit (loss) | 9901 | -€2,173 | -€51,312 | -€49,139 | -2,261% |
| Financial income | 75/76B | €22,095 | €2,074 | -€20,021 | -90.6% |
| Recurring financial income | 75 | €0 | €2,074 | +€2,074 | +1,091,589% |
| Non-recurring financial income | 76B | €22,095 | - | -€22,095 | |
| Financial charges | 65/66B | €187 | €729 | +€542 | +289% |
| Recurring financial charges | 65 | €187 | €729 | +€542 | +289% |
| Profit (loss) for the period before taxes | 9903 | €19,734 | -€49,968 | -€69,702 | |
| Income taxes | 67/77 | €323 | €259 | -€64 | -19.7% |
| Profit (loss) for the period | 9904 | €19,412 | -€50,227 | -€69,638 | |
| Profit (loss) for the period to be appropriated | 9905 | €19,412 | -€50,227 | -€69,638 |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 24 October 2026 via checked.be.