S&M GROEP: 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 GROEP
Largest movements
- Stocks and contracts -€5,000
no longer reported in 2025 (was €5,000)
- Tangible fixed assets -€3,595
down €3,595 (-23.3%), from €15,412 to €11,816
- Other debts -€31,953
down €31,953 (-64.3%), from €49,666 to €17,713
- Profit (loss) carried forward +€29,888
up €29,888 (+43.5%), from -€68,661 to -€38,773
- Tax, wage and social debts -€4,514
down €4,514 (-13.5%), from €33,411 to €28,896
of which Remuneration and social security: -€5,735
- Trade debts -€2,185
down €2,185 (-99.6%), from €2,195 to €9
- Gross operating margin +€39,176
up €39,176 (+15,026%), from €261 to €39,437
- Other operating charges -€12,951
down €12,951 (-69.0%), from €18,762 to €5,811
- Depreciation +€1,031
up €1,031 (+40.2%), from €2,564 to €3,595
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 | €20,610 | €11,846 | -€8,765 | -42.5% |
| Fixed assets | 21/28 | €15,412 | €11,816 | -€3,595 | -23.3% |
| Tangible fixed assets | 22/27 | €15,412 | €11,816 | -€3,595 | -23.3% |
| Furniture and vehicles | 24 | €15,412 | €11,816 | -€3,595 | -23.3% |
| Current assets | 29/58 | €5,199 | €29 | -€5,170 | -99.4% |
| Stocks and contracts in progress | 3 | €5,000 | - | -€5,000 | |
| Stocks | 30/36 | €5,000 | - | -€5,000 | |
| Amounts receivable within one year | 40/41 | €58 | - | -€58 | |
| Other amounts receivable | 41 | €58 | - | -€58 | |
| Cash at bank and in hand | 54/58 | €141 | €29 | -€111 | -79.2% |
| Total equity and liabilities | 10/49 | €20,610 | €11,846 | -€8,765 | -42.5% |
| Equity | 10/15 | -€64,661 | -€34,773 | +€29,888 | +46.2% |
| Contributions | 10/11 | €4,000 | €4,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€68,661 | -€38,773 | +€29,888 | +43.5% |
| Amounts payable | 17/49 | €85,271 | €46,618 | -€38,653 | -45.3% |
| Amounts payable within one year | 42/48 | €85,271 | €46,618 | -€38,653 | -45.3% |
| Trade debts | 44 | €2,195 | €9 | -€2,185 | -99.6% |
| Suppliers | 440/4 | €2,195 | €9 | -€2,185 | -99.6% |
| Taxes, remuneration and social security | 45 | €33,411 | €28,896 | -€4,514 | -13.5% |
| Taxes | 450/3 | - | €1,221 | +€1,221 | |
| Remuneration and social security | 454/9 | €33,411 | €27,676 | -€5,735 | -17.2% |
| Other amounts payable | 47/48 | €49,666 | €17,713 | -€31,953 | -64.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,564 | €3,595 | +€1,031 | +40.2% |
| Other operating charges | 640/8 | €18,762 | €5,811 | -€12,951 | -69.0% |
| Gross operating margin | 9900 | €261 | €39,437 | +€39,176 | +15,026% |
| Operating profit (loss) | 9901 | -€21,065 | €30,031 | +€51,096 | |
| Financial income | 75/76B | €2 | - | -€2 | |
| Recurring financial income | 75 | €2 | - | -€2 | |
| Financial charges | 65/66B | €421 | €143 | -€278 | -66.1% |
| Recurring financial charges | 65 | €421 | €143 | -€278 | -66.1% |
| Profit (loss) for the period before taxes | 9903 | -€21,484 | €29,888 | +€51,372 | |
| Profit (loss) for the period | 9904 | -€21,484 | €29,888 | +€51,372 | |
| Profit (loss) for the period to be appropriated | 9905 | -€21,484 | €29,888 | +€51,372 |
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.