S.M.U. FONTAINE: what changed
S.M.U. FONTAINE
Largest movements
- Tangible fixed assets -€11,220
down €11,220 (-13.4%), from €83,573 to €72,353
of which Plant, machinery and equipment: -€10,268
- Receivables within one year +€10,054
up €10,054 (+7.3%), from €138,425 to €148,479
of which Trade receivables: +€14,041
- Cash -€9,289
down €9,289 (-77.1%), from €12,045 to €2,756
mainly Net result for the year (-€44,086) and Debts after one year (-€28,634)
- Stocks and contracts -€6,321
down €6,321 (-12.6%), from €50,172 to €43,851
of which Contracts in progress: -€11,771
- Tax, wage and social debts +€46,833
up €46,833 (+61.1%), from €76,650 to €123,483
of which Remuneration and social security: +€24,077
- Profit (loss) carried forward -€44,086
down €44,086, from €7,892 to -€36,194
- Debts after one year -€28,634
down €28,634 (-45.4%), from €63,083 to €34,449
- Trade debts +€15,607
up €15,607 (+18.7%), from €83,252 to €98,859
- Current portion of long-term debt -€2,885
down €2,885 (-9.2%), from €31,519 to €28,634
- Staff costs +€37,133
up €37,133 (+26.4%), from €140,625 to €177,757
- Gross operating margin -€14,201
down €14,201 (-7.3%), from €194,395 to €180,194
- Taxes -€3,276
down €3,276 (-89.6%), from €3,658 to €382
- Depreciation +€3,158
up €3,158 (+21.4%), from €14,763 to €17,921
- Other operating charges +€2,056
up €2,056 (+17.6%), from €11,658 to €13,714
Change in the result, 2024 to 2025
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 2024 and 2025 balance sheets and the 2025 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 | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €284,721 | €269,671 | -€15,050 | -5.3% |
| Fixed assets | 21/28 | €84,079 | €72,859 | -€11,220 | -13.3% |
| Tangible fixed assets | 22/27 | €83,573 | €72,353 | -€11,220 | -13.4% |
| Plant, machinery and equipment | 23 | €54,601 | €44,333 | -€10,268 | -18.8% |
| Furniture and vehicles | 24 | €1,110 | €1,698 | +€588 | +53.0% |
| Other tangible fixed assets | 26 | €27,862 | €26,322 | -€1,540 | -5.5% |
| Financial fixed assets | 28 | €506 | €506 | = | 0.0% |
| Current assets | 29/58 | €200,642 | €196,812 | -€3,830 | -1.9% |
| Stocks and contracts in progress | 3 | €50,172 | €43,851 | -€6,321 | -12.6% |
| Stocks | 30/36 | €6,550 | €12,000 | +€5,450 | +83.2% |
| Contracts in progress | 37 | €43,622 | €31,851 | -€11,771 | -27.0% |
| Amounts receivable within one year | 40/41 | €138,425 | €148,479 | +€10,054 | +7.3% |
| Trade receivables | 40 | €126,149 | €140,191 | +€14,041 | +11.1% |
| Other amounts receivable | 41 | €12,275 | €8,289 | -€3,987 | -32.5% |
| Cash at bank and in hand | 54/58 | €12,045 | €2,756 | -€9,289 | -77.1% |
| Deferred charges and accrued income | 490/1 | €0 | €1,726 | +€1,726 | |
| Total equity and liabilities | 10/49 | €284,721 | €269,671 | -€15,050 | -5.3% |
| Equity | 10/15 | €24,158 | -€19,928 | -€44,086 | |
| Contributions | 10/11 | €13,766 | €13,766 | = | 0.0% |
| Reserves | 13 | €2,500 | €2,500 | = | 0.0% |
| Tax-exempt reserves | 132 | €2,500 | €2,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €7,892 | -€36,194 | -€44,086 | |
| Amounts payable | 17/49 | €260,563 | €289,599 | +€29,036 | +11.1% |
| Amounts payable after more than one year | 17 | €63,083 | €34,449 | -€28,634 | -45.4% |
| Financial debts | 170/4 | €63,083 | €34,449 | -€28,634 | -45.4% |
| Amounts payable within one year | 42/48 | €196,199 | €255,150 | +€58,951 | +30.0% |
| Current portion of amounts payable after more than one year | 42 | €31,519 | €28,634 | -€2,885 | -9.2% |
| Financial debts | 43 | €4,778 | €4,175 | -€603 | -12.6% |
| Credit institutions | 430/8 | €4,778 | €4,175 | -€603 | -12.6% |
| Trade debts | 44 | €83,252 | €98,859 | +€15,607 | +18.7% |
| Suppliers | 440/4 | €83,252 | €98,859 | +€15,607 | +18.7% |
| Taxes, remuneration and social security | 45 | €76,650 | €123,483 | +€46,833 | +61.1% |
| Taxes | 450/3 | €42,845 | €65,600 | +€22,756 | +53.1% |
| Remuneration and social security | 454/9 | €33,805 | €57,882 | +€24,077 | +71.2% |
| Other amounts payable | 47/48 | €0 | - | = | |
| Accrued charges and deferred income | 492/3 | €1,281 | - | -€1,281 | |
| Remuneration, social security and pensions | 62 | €140,625 | €177,757 | +€37,133 | +26.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,763 | €17,921 | +€3,158 | +21.4% |
| Other operating charges | 640/8 | €11,658 | €13,714 | +€2,056 | +17.6% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €194,395 | €180,194 | -€14,201 | -7.3% |
| Operating profit (loss) | 9901 | €27,350 | -€29,198 | -€56,548 | |
| Financial income | 75/76B | €12 | €87 | +€75 | +617% |
| Recurring financial income | 75 | €12 | €87 | +€75 | +617% |
| Financial charges | 65/66B | €15,583 | €14,592 | -€990 | -6.4% |
| Recurring financial charges | 65 | €15,583 | €14,419 | -€1,164 | -7.5% |
| Non-recurring financial charges | 66B | - | €174 | +€174 | |
| Profit (loss) for the period before taxes | 9903 | €11,779 | -€43,704 | -€55,483 | |
| Income taxes | 67/77 | €3,658 | €382 | -€3,276 | -89.6% |
| Profit (loss) for the period | 9904 | €8,121 | -€44,086 | -€52,207 | |
| Profit (loss) for the period to be appropriated | 9905 | €8,121 | -€44,086 | -€52,207 |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 7 November 2026 via checked.be.