S & M CONSULTING: 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 CONSULTING
Largest movements
- Cash +€151,995
up €151,995 (+531%), from €28,636 to €180,630
mainly Current investments (+€150,000) and Receivables within one year (+€5,061)
- Current investments -€150,000
down €150,000 (-50.0%), from €300,000 to €150,000
- Receivables within one year -€5,061
down €5,061 (-22.4%), from €22,554 to €17,493
of which Trade receivables: -€16,693
- Tax, wage and social debts -€6,048
down €6,048 (-99.8%), from €6,058 to €11
- Gross operating margin -€42,436
down €42,436 (-95.1%), from €44,620 to €2,184
- Taxes -€12,323
down €12,323 (-69.7%), from €17,674 to €5,352
- Financial income -€2,217
down €2,217 (-32.4%), from €6,845 to €4,627
- Financial charges -€568
down €568 (-60.1%), from €945 to €377
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 | €351,812 | €348,123 | -€3,688 | -1.0% |
| Fixed assets | 21/28 | €0 | - | = | |
| Tangible fixed assets | 22/27 | €0 | - | = | |
| Furniture and vehicles | 24 | €0 | - | = | |
| Current assets | 29/58 | €351,812 | €348,123 | -€3,688 | -1.0% |
| Amounts receivable within one year | 40/41 | €22,554 | €17,493 | -€5,061 | -22.4% |
| Trade receivables | 40 | €18,150 | €1,457 | -€16,693 | -92.0% |
| Other amounts receivable | 41 | €4,404 | €16,036 | +€11,632 | +264% |
| Current investments | 50/53 | €300,000 | €150,000 | -€150,000 | -50.0% |
| Cash at bank and in hand | 54/58 | €28,636 | €180,630 | +€151,995 | +531% |
| Deferred charges and accrued income | 490/1 | €622 | €0 | -€622 | -100% |
| Total equity and liabilities | 10/49 | €351,812 | €348,123 | -€3,688 | -1.0% |
| Equity | 10/15 | €344,281 | €344,852 | +€571 | +0.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €325,681 | €326,252 | +€571 | +0.2% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €325,681 | €326,252 | +€571 | +0.2% |
| Amounts payable | 17/49 | €7,531 | €3,271 | -€4,259 | -56.6% |
| Amounts payable within one year | 42/48 | €7,531 | €3,271 | -€4,259 | -56.6% |
| Trade debts | 44 | €331 | €0 | -€331 | -100% |
| Suppliers | 440/4 | €331 | €0 | -€331 | -100% |
| Taxes, remuneration and social security | 45 | €6,058 | €11 | -€6,048 | -99.8% |
| Taxes | 450/3 | €6,058 | €11 | -€6,048 | -99.8% |
| Other amounts payable | 47/48 | €1,141 | €3,261 | +€2,119 | +186% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €200 | €0 | -€200 | -100% |
| Other operating charges | 640/8 | €449 | €512 | +€62 | +13.9% |
| Gross operating margin | 9900 | €44,620 | €2,184 | -€42,436 | -95.1% |
| Operating profit (loss) | 9901 | €43,970 | €1,672 | -€42,298 | -96.2% |
| Financial income | 75/76B | €6,845 | €4,627 | -€2,217 | -32.4% |
| Recurring financial income | 75 | €6,845 | €4,627 | -€2,217 | -32.4% |
| Financial charges | 65/66B | €945 | €377 | -€568 | -60.1% |
| Recurring financial charges | 65 | €945 | €377 | -€568 | -60.1% |
| Profit (loss) for the period before taxes | 9903 | €49,870 | €5,923 | -€43,947 | -88.1% |
| Income taxes | 67/77 | €17,674 | €5,352 | -€12,323 | -69.7% |
| Profit (loss) for the period | 9904 | €32,195 | €571 | -€31,625 | -98.2% |
| Profit (loss) for the period to be appropriated | 9905 | €32,195 | €571 | -€31,625 | -98.2% |
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 19 October 2026 via checked.be.