SM TRADING: 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 TRADING
Largest movements
- Receivables within one year -€654
down €654 (-3.5%), from €18,534 to €17,880
of which Other amounts receivable: -€654
- Profit (loss) carried forward -€635
down €635, from €469 to -€167
- Gross operating margin -€1,026
new in 2025: -€1,026
- Financial income +€403
up €403 (+84.8%), from €475 to €878
- Other operating charges +€298
new in 2025: €298
- Taxes +€94
new in 2025: €94
- Financial charges +€90
up €90 (+1,377%), from €7 to €96
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 | €18,575 | €18,033 | -€541 | -2.9% |
| Current assets | 29/58 | €18,575 | €18,033 | -€541 | -2.9% |
| Amounts receivable within one year | 40/41 | €18,534 | €17,880 | -€654 | -3.5% |
| Trade receivables | 40 | €856 | €856 | = | 0.0% |
| Other amounts receivable | 41 | €17,677 | €17,023 | -€654 | -3.7% |
| Cash at bank and in hand | 54/58 | €41 | €154 | +€113 | +273% |
| Total equity and liabilities | 10/49 | €18,575 | €18,033 | -€541 | -2.9% |
| Equity | 10/15 | €2,469 | €1,833 | -€635 | -25.7% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €469 | -€167 | -€635 | |
| Amounts payable | 17/49 | €16,106 | €16,200 | +€94 | +0.6% |
| Amounts payable within one year | 42/48 | €16,106 | €16,200 | +€94 | +0.6% |
| Advances received on contracts in progress | 46 | €16,106 | €16,106 | = | 0.0% |
| Taxes, remuneration and social security | 45 | - | €94 | +€94 | |
| Taxes | 450/3 | - | €94 | +€94 | |
| Other operating charges | 640/8 | - | €298 | +€298 | |
| Gross operating margin | 9900 | - | -€1,026 | -€1,026 | |
| Operating profit (loss) | 9901 | - | -€1,323 | -€1,323 | |
| Financial income | 75/76B | €475 | €878 | +€403 | +84.8% |
| Recurring financial income | 75 | €475 | €878 | +€403 | +84.8% |
| Financial charges | 65/66B | €7 | €96 | +€90 | +1,377% |
| Recurring financial charges | 65 | €7 | €96 | +€90 | +1,377% |
| Profit (loss) for the period before taxes | 9903 | €469 | -€541 | -€1,010 | |
| Income taxes | 67/77 | - | €94 | +€94 | |
| Profit (loss) for the period | 9904 | €469 | -€635 | -€1,104 | |
| Profit (loss) for the period to be appropriated | 9905 | €469 | -€635 | -€1,104 |
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 18 October 2026 via checked.be.