SM AFBRAAKWERKEN: 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 AFBRAAKWERKEN
Largest movements
- Deferred charges and accrued income -€6,289
down €6,289 (-78.9%), from €7,975 to €1,686
- Tangible fixed assets -€3,657
down €3,657 (-13.9%), from €26,294 to €22,637
- Receivables within one year +€2,412
up €2,412 (+26.5%), from €9,089 to €11,500
of which Other amounts receivable: +€5,240
- Profit (loss) carried forward +€21,694
up €21,694, from €0 to €21,694
- Other debts -€15,586
down €15,586 (-100%), from €15,586 to €0
- Tax, wage and social debts -€12,526
down €12,526 (-95.3%), from €13,151 to €624
- Trade debts -€2,582
down €2,582 (-66.3%), from €3,896 to €1,314
- Current portion of long-term debt +€1,235
new in 2025: €1,235
- Gross operating margin +€8,519
up €8,519 (+30.8%), from €27,694 to €36,213
- Taxes +€1,537
up €1,537 (+37.6%), from €4,088 to €5,624
- Financial charges +€1,097
up €1,097 (+245%), from €448 to €1,545
- Other operating charges -€435
down €435 (-35.7%), from €1,216 to €782
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 | €43,395 | €35,838 | -€7,557 | -17.4% |
| Fixed assets | 21/28 | €26,294 | €22,637 | -€3,657 | -13.9% |
| Tangible fixed assets | 22/27 | €26,294 | €22,637 | -€3,657 | -13.9% |
| Furniture and vehicles | 24 | €26,294 | €22,637 | -€3,657 | -13.9% |
| Current assets | 29/58 | €17,101 | €13,202 | -€3,900 | -22.8% |
| Amounts receivable within one year | 40/41 | €9,089 | €11,500 | +€2,412 | +26.5% |
| Trade receivables | 40 | €4,500 | €1,672 | -€2,828 | -62.8% |
| Other amounts receivable | 41 | €4,589 | €9,828 | +€5,240 | +114% |
| Cash at bank and in hand | 54/58 | €38 | €16 | -€22 | -58.7% |
| Deferred charges and accrued income | 490/1 | €7,975 | €1,686 | -€6,289 | -78.9% |
| Total equity and liabilities | 10/49 | €43,395 | €35,838 | -€7,557 | -17.4% |
| Equity | 10/15 | €10,719 | €32,413 | +€21,694 | +202% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €7,719 | €7,719 | = | 0.0% |
| Distributable reserves | 133 | €7,719 | €7,719 | = | 0.0% |
| Profit (loss) carried forward | 14 | €0 | €21,694 | +€21,694 | |
| Amounts payable | 17/49 | €32,676 | €3,425 | -€29,251 | -89.5% |
| Amounts payable within one year | 42/48 | €32,633 | €3,174 | -€29,460 | -90.3% |
| Current portion of amounts payable after more than one year | 42 | - | €1,235 | +€1,235 | |
| Trade debts | 44 | €3,896 | €1,314 | -€2,582 | -66.3% |
| Suppliers | 440/4 | €3,896 | €1,314 | -€2,582 | -66.3% |
| Taxes, remuneration and social security | 45 | €13,151 | €624 | -€12,526 | -95.3% |
| Taxes | 450/3 | €13,151 | €624 | -€12,526 | -95.3% |
| Other amounts payable | 47/48 | €15,586 | €0 | -€15,586 | -100% |
| Accrued charges and deferred income | 492/3 | €43 | €252 | +€209 | +486% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,866 | €6,871 | +€4 | +0.1% |
| Other operating charges | 640/8 | €1,216 | €782 | -€435 | -35.7% |
| Gross operating margin | 9900 | €27,694 | €36,213 | +€8,519 | +30.8% |
| Operating profit (loss) | 9901 | €19,612 | €28,561 | +€8,949 | +45.6% |
| Financial income | 75/76B | €510 | €301 | -€208 | -40.9% |
| Recurring financial income | 75 | €510 | €301 | -€208 | -40.9% |
| Financial charges | 65/66B | €448 | €1,545 | +€1,097 | +245% |
| Recurring financial charges | 65 | €448 | €1,545 | +€1,097 | +245% |
| Profit (loss) for the period before taxes | 9903 | €19,674 | €27,318 | +€7,644 | +38.9% |
| Income taxes | 67/77 | €4,088 | €5,624 | +€1,537 | +37.6% |
| Profit (loss) for the period | 9904 | €15,586 | €21,694 | +€6,108 | +39.2% |
| Profit (loss) for the period to be appropriated | 9905 | €15,586 | €21,694 | +€6,108 | +39.2% |
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 20 October 2026 via checked.be.