SM-TRANSPORT: 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-TRANSPORT
Largest movements
- Receivables within one year +€8,869
up €8,869 (+15.4%), from €57,536 to €66,405
of which Other amounts receivable: +€18,323
- Tangible fixed assets -€5,564
down €5,564 (-10.0%), from €55,539 to €49,975
of which Other tangible fixed assets: -€3,223
- Cash -€1,868
no longer reported in 2024 (was €1,868)
mainly Net result for the year (-€39,962) and Investment in fixed assets (net) (-€15,000)
- Trade debts +€62,822
up €62,822 (+189%), from €33,245 to €96,067
- Profit (loss) carried forward -€39,962
down €39,962, from €3,106 to -€36,856
- Debts after one year -€12,273
down €12,273 (-38.6%), from €31,802 to €19,528
- Current portion of long-term debt -€4,616
down €4,616 (-28.0%), from €16,459 to €11,843
- Tax, wage and social debts -€4,181
down €4,181 (-80.9%), from €5,166 to €984
of which Taxes: -€4,021
- Gross operating margin -€52,890
down €52,890, from €38,316 to -€14,574
- Staff costs -€25,417
down €25,417 (-99.9%), from €25,434 to €18
- Other operating charges -€3,679
down €3,679 (-64.2%), from €5,727 to €2,048
- Financial charges +€1,367
up €1,367 (+98.3%), from €1,391 to €2,759
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €114,943 | €116,380 | +€1,437 | +1.2% |
| Fixed assets | 21/28 | €55,539 | €49,975 | -€5,564 | -10.0% |
| Tangible fixed assets | 22/27 | €55,539 | €49,975 | -€5,564 | -10.0% |
| Furniture and vehicles | 24 | €42,311 | €39,970 | -€2,341 | -5.5% |
| Other tangible fixed assets | 26 | €13,228 | €10,005 | -€3,223 | -24.4% |
| Current assets | 29/58 | €59,404 | €66,405 | +€7,001 | +11.8% |
| Amounts receivable within one year | 40/41 | €57,536 | €66,405 | +€8,869 | +15.4% |
| Trade receivables | 40 | €25,724 | €16,270 | -€9,454 | -36.8% |
| Other amounts receivable | 41 | €31,812 | €50,135 | +€18,323 | +57.6% |
| Cash at bank and in hand | 54/58 | €1,868 | - | -€1,868 | |
| Total equity and liabilities | 10/49 | €114,943 | €116,380 | +€1,437 | +1.2% |
| Equity | 10/15 | €21,706 | -€18,256 | -€39,962 | |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | €3,106 | -€36,856 | -€39,962 | |
| Amounts payable | 17/49 | €93,237 | €134,636 | +€41,399 | +44.4% |
| Amounts payable after more than one year | 17 | €31,802 | €19,528 | -€12,273 | -38.6% |
| Financial debts | 170/4 | €31,802 | €19,528 | -€12,273 | -38.6% |
| Amounts payable within one year | 42/48 | €61,436 | €115,108 | +€53,672 | +87.4% |
| Current portion of amounts payable after more than one year | 42 | €16,459 | €11,843 | -€4,616 | -28.0% |
| Financial debts | 43 | - | €2,491 | +€2,491 | |
| Credit institutions | 430/8 | - | €2,491 | +€2,491 | |
| Trade debts | 44 | €33,245 | €96,067 | +€62,822 | +189% |
| Suppliers | 440/4 | €33,245 | €96,067 | +€62,822 | +189% |
| Taxes, remuneration and social security | 45 | €5,166 | €984 | -€4,181 | -80.9% |
| Taxes | 450/3 | €4,168 | €147 | -€4,021 | -96.5% |
| Remuneration and social security | 454/9 | €998 | €837 | -€160 | -16.1% |
| Other amounts payable | 47/48 | €6,566 | €3,723 | -€2,844 | -43.3% |
| Non-recurring operating income | 76A | €116 | - | -€116 | |
| Remuneration, social security and pensions | 62 | €25,434 | €18 | -€25,417 | -99.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €20,223 | €20,564 | +€341 | +1.7% |
| Other operating charges | 640/8 | €5,727 | €2,048 | -€3,679 | -64.2% |
| Gross operating margin | 9900 | €38,316 | -€14,574 | -€52,890 | |
| Operating profit (loss) | 9901 | -€13,068 | -€37,204 | -€24,135 | -185% |
| Financial income | 75/76B | €5 | - | -€5 | |
| Recurring financial income | 75 | €5 | - | -€5 | |
| Financial charges | 65/66B | €1,391 | €2,759 | +€1,367 | +98.3% |
| Recurring financial charges | 65 | €1,391 | €2,759 | +€1,367 | +98.3% |
| Profit (loss) for the period before taxes | 9903 | -€14,455 | -€39,962 | -€25,507 | -176% |
| Profit (loss) for the period | 9904 | -€14,455 | -€39,962 | -€25,507 | -176% |
| Profit (loss) for the period to be appropriated | 9905 | -€14,455 | -€39,962 | -€25,507 | -176% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 27 October 2026 via checked.be.