SM Consultancy: 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 Consultancy
Largest movements
- Receivables within one year +€5,266
up €5,266 (+24.2%), from €21,785 to €27,051
of which Other amounts receivable: +€7,927
- Tangible fixed assets -€3,256
down €3,256 (-48.6%), from €6,696 to €3,441
of which Furniture and vehicles: -€6,112
- Cash +€2,019
up €2,019 (+212%), from €952 to €2,971
mainly Depreciation (+€7,146) and Net result for the year (+€6,471)
- Profit (loss) carried forward +€6,471
up €6,471 (+30.7%), from €21,076 to €27,548
- Tax, wage and social debts -€3,094
down €3,094 (-33.0%), from €9,383 to €6,288
- Trade debts +€653
up €653 (+67.0%), from €974 to €1,627
- Gross operating margin +€6,485
up €6,485 (+60.7%), from €10,679 to €17,164
- Taxes +€1,336
up €1,336 (+70.3%), from €1,901 to €3,237
- Depreciation -€497
down €497 (-6.5%), from €7,642 to €7,146
- Financial income +€373
up €373 (+190%), from €196 to €569
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 | €34,433 | €38,463 | +€4,030 | +11.7% |
| Fixed assets | 21/28 | €11,696 | €8,441 | -€3,256 | -27.8% |
| Tangible fixed assets | 22/27 | €6,696 | €3,441 | -€3,256 | -48.6% |
| Plant, machinery and equipment | 23 | €584 | €3,441 | +€2,857 | +489% |
| Furniture and vehicles | 24 | €6,112 | - | -€6,112 | |
| Financial fixed assets | 28 | €5,000 | €5,000 | = | 0.0% |
| Current assets | 29/58 | €22,737 | €30,023 | +€7,286 | +32.0% |
| Amounts receivable within one year | 40/41 | €21,785 | €27,051 | +€5,266 | +24.2% |
| Trade receivables | 40 | €5,780 | €3,120 | -€2,661 | -46.0% |
| Other amounts receivable | 41 | €16,004 | €23,932 | +€7,927 | +49.5% |
| Cash at bank and in hand | 54/58 | €952 | €2,971 | +€2,019 | +212% |
| Total equity and liabilities | 10/49 | €34,433 | €38,463 | +€4,030 | +11.7% |
| Equity | 10/15 | €24,076 | €30,548 | +€6,471 | +26.9% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €21,076 | €27,548 | +€6,471 | +30.7% |
| Amounts payable | 17/49 | €10,357 | €7,916 | -€2,441 | -23.6% |
| Amounts payable within one year | 42/48 | €10,357 | €7,916 | -€2,441 | -23.6% |
| Trade debts | 44 | €974 | €1,627 | +€653 | +67.0% |
| Suppliers | 440/4 | €974 | €1,627 | +€653 | +67.0% |
| Taxes, remuneration and social security | 45 | €9,383 | €6,288 | -€3,094 | -33.0% |
| Taxes | 450/3 | €9,383 | €6,288 | -€3,094 | -33.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,642 | €7,146 | -€497 | -6.5% |
| Other operating charges | 640/8 | €782 | €739 | -€43 | -5.5% |
| Gross operating margin | 9900 | €10,679 | €17,164 | +€6,485 | +60.7% |
| Operating profit (loss) | 9901 | €2,255 | €9,279 | +€7,025 | +312% |
| Financial income | 75/76B | €196 | €569 | +€373 | +190% |
| Recurring financial income | 75 | €196 | €569 | +€373 | +190% |
| Financial charges | 65/66B | €140 | €140 | = | 0.0% |
| Recurring financial charges | 65 | €140 | €140 | = | 0.0% |
| Profit (loss) for the period before taxes | 9903 | €2,311 | €9,708 | +€7,398 | +320% |
| Income taxes | 67/77 | €1,901 | €3,237 | +€1,336 | +70.3% |
| Profit (loss) for the period | 9904 | €409 | €6,471 | +€6,062 | +1,481% |
| Profit (loss) for the period to be appropriated | 9905 | €409 | €6,471 | +€6,062 | +1,481% |
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 21 October 2026 via checked.be.