SM 1995: 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.
SM 1995
Largest movements
- Receivables within one year -€4,413
down €4,413 (-30.4%), from €14,506 to €10,094
of which Trade receivables: -€4,447
- Tangible fixed assets -€407
down €407 (-35.2%), from €1,158 to €750
- Trade debts -€4,449
down €4,449 (-97.9%), from €4,544 to €95
- Profit (loss) carried forward -€432
down €432, from €20 to -€412
- Gross operating margin -€881
no longer reported in 2025 (was €881)
- Other operating charges -€730
no longer reported in 2025 (was €730)
- Depreciation +€343
up €343 (+529%), from €65 to €407
- Financial charges -€42
down €42 (-63.5%), from €66 to €24
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 | €15,713 | €10,844 | -€4,869 | -31.0% |
| Fixed assets | 21/28 | €1,158 | €750 | -€407 | -35.2% |
| Tangible fixed assets | 22/27 | €1,158 | €750 | -€407 | -35.2% |
| Furniture and vehicles | 24 | €1,158 | €750 | -€407 | -35.2% |
| Current assets | 29/58 | €14,556 | €10,094 | -€4,462 | -30.7% |
| Amounts receivable within one year | 40/41 | €14,506 | €10,094 | -€4,413 | -30.4% |
| Trade receivables | 40 | €4,447 | - | -€4,447 | |
| Other amounts receivable | 41 | €10,060 | €10,094 | +€34 | +0.3% |
| Cash at bank and in hand | 54/58 | €49 | - | -€49 | |
| Total equity and liabilities | 10/49 | €15,713 | €10,844 | -€4,869 | -31.0% |
| Equity | 10/15 | €10,020 | €9,588 | -€432 | -4.3% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €20 | -€412 | -€432 | |
| Amounts payable | 17/49 | €5,694 | €1,256 | -€4,438 | -77.9% |
| Amounts payable within one year | 42/48 | €5,694 | €1,256 | -€4,438 | -77.9% |
| Financial debts | 43 | - | €11 | +€11 | |
| Credit institutions | 430/8 | - | €11 | +€11 | |
| Trade debts | 44 | €4,544 | €95 | -€4,449 | -97.9% |
| Suppliers | 440/4 | €4,544 | €95 | -€4,449 | -97.9% |
| Other amounts payable | 47/48 | €1,150 | €1,150 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €65 | €407 | +€343 | +529% |
| Other operating charges | 640/8 | €730 | - | -€730 | |
| Gross operating margin | 9900 | €881 | - | -€881 | |
| Operating profit (loss) | 9901 | €86 | -€407 | -€493 | |
| Financial charges | 65/66B | €66 | €24 | -€42 | -63.5% |
| Recurring financial charges | 65 | €66 | €24 | -€42 | -63.5% |
| Profit (loss) for the period before taxes | 9903 | €20 | -€432 | -€451 | |
| Profit (loss) for the period | 9904 | €20 | -€432 | -€451 | |
| Profit (loss) for the period to be appropriated | 9905 | €20 | -€432 | -€451 |
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 27 October 2026 via checked.be.