SM Multi-Travaux: 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 Multi-Travaux
Largest movements
- Receivables within one year -€2,639
down €2,639 (-84.3%), from €3,131 to €492
of which Trade receivables: -€2,639
- Tangible fixed assets -€371
down €371 (-34.8%), from €1,065 to €694
- Deferred charges and accrued income -€138
no longer reported in 2025 (was €138)
- Other debts -€3,917
down €3,917 (-6.5%), from €60,319 to €56,402
- Profit (loss) carried forward +€2,498
up €2,498 (+2.9%), from -€85,416 to -€82,918
- Trade debts -€1,209
down €1,209 (-45.9%), from €2,637 to €1,428
- Short-term financial debts -€675
down €675 (-29.5%), from €2,285 to €1,610
- Tax, wage and social debts +€146
up €146 (+49.4%), from €295 to €440
- Gross operating margin +€4,546
up €4,546, from -€477 to €4,069
- Depreciation +€324
up €324 (+696%), from €47 to €371
- Other operating charges -€126
down €126 (-21.4%), from €589 to €463
- Financial charges +€64
up €64 (+9.5%), from €674 to €738
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 | €4,909 | €1,752 | -€3,157 | -64.3% |
| Fixed assets | 21/28 | €1,065 | €694 | -€371 | -34.8% |
| Tangible fixed assets | 22/27 | €1,065 | €694 | -€371 | -34.8% |
| Furniture and vehicles | 24 | €1,065 | €694 | -€371 | -34.8% |
| Current assets | 29/58 | €3,844 | €1,057 | -€2,786 | -72.5% |
| Stocks and contracts in progress | 3 | €565 | €556 | -€9 | -1.6% |
| Stocks | 30/36 | €565 | €556 | -€9 | -1.6% |
| Amounts receivable within one year | 40/41 | €3,131 | €492 | -€2,639 | -84.3% |
| Trade receivables | 40 | €3,131 | €492 | -€2,639 | -84.3% |
| Other amounts receivable | 41 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €10 | €10 | -€0 | -4.0% |
| Deferred charges and accrued income | 490/1 | €138 | - | -€138 | |
| Total equity and liabilities | 10/49 | €4,909 | €1,752 | -€3,157 | -64.3% |
| Equity | 10/15 | -€60,627 | -€58,128 | +€2,498 | +4.1% |
| Contributions | 10/11 | €24,789 | €24,789 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€85,416 | -€82,918 | +€2,498 | +2.9% |
| Amounts payable | 17/49 | €65,535 | €59,880 | -€5,655 | -8.6% |
| Amounts payable within one year | 42/48 | €65,535 | €59,880 | -€5,655 | -8.6% |
| Financial debts | 43 | €2,285 | €1,610 | -€675 | -29.5% |
| Credit institutions | 430/8 | €2,285 | €1,610 | -€675 | -29.5% |
| Trade debts | 44 | €2,637 | €1,428 | -€1,209 | -45.9% |
| Suppliers | 440/4 | €2,637 | €1,428 | -€1,209 | -45.9% |
| Taxes, remuneration and social security | 45 | €295 | €440 | +€146 | +49.4% |
| Taxes | 450/3 | €295 | €440 | +€146 | +49.4% |
| Other amounts payable | 47/48 | €60,319 | €56,402 | -€3,917 | -6.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €47 | €371 | +€324 | +696% |
| Other operating charges | 640/8 | €589 | €463 | -€126 | -21.4% |
| Gross operating margin | 9900 | -€477 | €4,069 | +€4,546 | |
| Operating profit (loss) | 9901 | -€1,113 | €3,235 | +€4,348 | |
| Financial income | 75/76B | €3 | €0 | -€2 | -87.9% |
| Recurring financial income | 75 | €3 | €0 | -€2 | -87.9% |
| Financial charges | 65/66B | €674 | €738 | +€64 | +9.5% |
| Recurring financial charges | 65 | €674 | €738 | +€64 | +9.5% |
| Profit (loss) for the period before taxes | 9903 | -€1,784 | €2,498 | +€4,282 | |
| Profit (loss) for the period | 9904 | -€1,784 | €2,498 | +€4,282 | |
| Profit (loss) for the period to be appropriated | 9905 | -€1,784 | €2,498 | +€4,282 |
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.