S & M TECH: what changed
S & M TECH
Largest movements
- Tangible fixed assets +€84,290
up €84,290 (+196%), from €43,020 to €127,310
of which Leasing and similar rights: +€45,588
- Receivables within one year +€44,919
up €44,919 (+182%), from €24,719 to €69,638
of which Trade receivables: +€50,757
- Deferred charges and accrued income +€6,994
new in 2024: €6,994
- Cash +€5,698
up €5,698 (+65.9%), from €8,641 to €14,339
mainly Net result for the year (+€62,667) and Debts after one year (+€34,433)
- Profit (loss) carried forward +€62,668
up €62,668, from -€12,654 to €50,014
- Debts after one year +€34,433
up €34,433 (+80.4%), from €42,816 to €77,249
- Trade debts +€18,371
up €18,371 (+187%), from €9,842 to €28,213
- Tax, wage and social debts +€14,004
up €14,004 (+244%), from €5,730 to €19,734
of which Taxes: +€8,270
- Current portion of long-term debt +€12,425
up €12,425 (+220%), from €5,646 to €18,071
- Gross operating margin +€188,047
up €188,047, from -€6,354 to €181,693
- Staff costs +€80,154
up €80,154 (+6,331%), from €1,266 to €81,420
- Depreciation +€13,464
up €13,464 (+282%), from €4,780 to €18,244
- Taxes +€12,000
new in 2024: €12,000
- Financial charges +€5,770
new in 2024: €5,770
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 | €76,380 | €218,281 | +€141,901 | +186% |
| Fixed assets | 21/28 | €43,020 | €127,310 | +€84,290 | +196% |
| Tangible fixed assets | 22/27 | €43,020 | €127,310 | +€84,290 | +196% |
| Plant, machinery and equipment | 23 | - | €31,121 | +€31,121 | |
| Furniture and vehicles | 24 | - | €7,581 | +€7,581 | |
| Leasing and similar rights | 25 | €43,020 | €88,608 | +€45,588 | +106% |
| Current assets | 29/58 | €33,360 | €90,971 | +€57,611 | +173% |
| Amounts receivable within one year | 40/41 | €24,719 | €69,638 | +€44,919 | +182% |
| Trade receivables | 40 | €16,127 | €66,884 | +€50,757 | +315% |
| Other amounts receivable | 41 | €8,592 | €2,754 | -€5,838 | -67.9% |
| Cash at bank and in hand | 54/58 | €8,641 | €14,339 | +€5,698 | +65.9% |
| Deferred charges and accrued income | 490/1 | - | €6,994 | +€6,994 | |
| Total equity and liabilities | 10/49 | €76,380 | €218,281 | +€141,901 | +186% |
| Equity | 10/15 | €12,346 | €75,014 | +€62,668 | +508% |
| Contributions | 10/11 | €25,000 | €25,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€12,654 | €50,014 | +€62,668 | |
| Amounts payable | 17/49 | €64,034 | €143,267 | +€79,233 | +124% |
| Amounts payable after more than one year | 17 | €42,816 | €77,249 | +€34,433 | +80.4% |
| Financial debts | 170/4 | €42,816 | €77,249 | +€34,433 | +80.4% |
| Amounts payable within one year | 42/48 | €21,218 | €66,018 | +€44,800 | +211% |
| Current portion of amounts payable after more than one year | 42 | €5,646 | €18,071 | +€12,425 | +220% |
| Trade debts | 44 | €9,842 | €28,213 | +€18,371 | +187% |
| Suppliers | 440/4 | €9,842 | €28,213 | +€18,371 | +187% |
| Taxes, remuneration and social security | 45 | €5,730 | €19,734 | +€14,004 | +244% |
| Taxes | 450/3 | €3,730 | €12,000 | +€8,270 | +222% |
| Remuneration and social security | 454/9 | €2,000 | €7,734 | +€5,734 | +287% |
| Remuneration, social security and pensions | 62 | €1,266 | €81,420 | +€80,154 | +6,331% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,780 | €18,244 | +€13,464 | +282% |
| Other operating charges | 640/8 | €1,642 | €1,592 | -€50 | -3.0% |
| Gross operating margin | 9900 | -€6,354 | €181,693 | +€188,047 | |
| Operating profit (loss) | 9901 | -€14,042 | €80,437 | +€94,479 | |
| Financial income | 75/76B | €1,388 | - | -€1,388 | |
| Recurring financial income | 75 | €1,388 | - | -€1,388 | |
| Financial charges | 65/66B | - | €5,770 | +€5,770 | |
| Recurring financial charges | 65 | - | €5,770 | +€5,770 | |
| Profit (loss) for the period before taxes | 9903 | -€12,654 | €74,667 | +€87,321 | |
| Income taxes | 67/77 | - | €12,000 | +€12,000 | |
| Profit (loss) for the period | 9904 | -€12,654 | €62,667 | +€75,321 | |
| Profit (loss) for the period to be appropriated | 9905 | -€12,654 | €62,667 | +€75,321 |
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 5 November 2026 via checked.be.