SMACK: 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.
SMACK
Largest movements
- Receivables within one year +€10,630
up €10,630 (+55.9%), from €19,004 to €29,634
of which Other amounts receivable: +€11,630
- Tangible fixed assets -€9,836
down €9,836 (-82.0%), from €11,999 to €2,163
of which Furniture and vehicles: -€9,661
- Stocks and contracts -€2,991
down €2,991 (-65.1%), from €4,598 to €1,607
- Profit (loss) carried forward +€22,917
up €22,917 (+28.4%), from €80,834 to €103,751
- Tax, wage and social debts -€13,030
down €13,030 (-35.9%), from €36,326 to €23,296
of which Remuneration and social security: -€7,941
- Debts after one year -€10,231
down €10,231 (-62.9%), from €16,276 to €6,045
- Staff costs -€41,959
down €41,959, from €39,696 to -€2,264
- Gross operating margin -€20,858
down €20,858 (-34.2%), from €61,036 to €40,178
- Depreciation -€16,575
down €16,575 (-91.7%), from €18,083 to €1,508
- Financial charges +€7,848
up €7,848 (+301%), from €2,610 to €10,459
- Taxes +€2,469
up €2,469 (+151%), from €1,640 to €4,109
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 | €171,525 | €170,421 | -€1,104 | -0.6% |
| Fixed assets | 21/28 | €11,999 | €2,163 | -€9,836 | -82.0% |
| Tangible fixed assets | 22/27 | €11,999 | €2,163 | -€9,836 | -82.0% |
| Furniture and vehicles | 24 | €10,718 | €1,057 | -€9,661 | -90.1% |
| Leasing and similar rights | 25 | €1,281 | €1,106 | -€175 | -13.7% |
| Current assets | 29/58 | €159,526 | €168,258 | +€8,732 | +5.5% |
| Amounts receivable after more than one year | 29 | €115,000 | €115,000 | = | 0.0% |
| Other amounts receivable | 291 | €115,000 | €115,000 | = | 0.0% |
| Stocks and contracts in progress | 3 | €4,598 | €1,607 | -€2,991 | -65.1% |
| Stocks | 30/36 | €4,598 | €1,607 | -€2,991 | -65.1% |
| Amounts receivable within one year | 40/41 | €19,004 | €29,634 | +€10,630 | +55.9% |
| Trade receivables | 40 | €1,000 | - | -€1,000 | |
| Other amounts receivable | 41 | €18,004 | €29,634 | +€11,630 | +64.6% |
| Cash at bank and in hand | 54/58 | €18,526 | €19,944 | +€1,418 | +7.7% |
| Deferred charges and accrued income | 490/1 | €2,398 | €2,074 | -€324 | -13.5% |
| Total equity and liabilities | 10/49 | €171,525 | €170,421 | -€1,104 | -0.6% |
| Equity | 10/15 | €88,894 | €111,811 | +€22,917 | +25.8% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €80,834 | €103,751 | +€22,917 | +28.4% |
| Amounts payable | 17/49 | €82,631 | €58,610 | -€24,021 | -29.1% |
| Amounts payable after more than one year | 17 | €16,276 | €6,045 | -€10,231 | -62.9% |
| Financial debts | 170/4 | €16,276 | €6,045 | -€10,231 | -62.9% |
| Amounts payable within one year | 42/48 | €66,355 | €52,565 | -€13,790 | -20.8% |
| Current portion of amounts payable after more than one year | 42 | €10,065 | €10,231 | +€165 | +1.6% |
| Trade debts | 44 | €19,963 | €19,038 | -€925 | -4.6% |
| Suppliers | 440/4 | €19,963 | €19,038 | -€925 | -4.6% |
| Taxes, remuneration and social security | 45 | €36,326 | €23,296 | -€13,030 | -35.9% |
| Taxes | 450/3 | €26,470 | €21,381 | -€5,089 | -19.2% |
| Remuneration and social security | 454/9 | €9,856 | €1,915 | -€7,941 | -80.6% |
| Remuneration, social security and pensions | 62 | €39,696 | -€2,264 | -€41,959 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,083 | €1,508 | -€16,575 | -91.7% |
| Other operating charges | 640/8 | €3,002 | €3,470 | +€468 | +15.6% |
| Gross operating margin | 9900 | €61,036 | €40,178 | -€20,858 | -34.2% |
| Operating profit (loss) | 9901 | €255 | €37,463 | +€37,208 | +14,568% |
| Financial income | 75/76B | €0 | €21 | +€21 | +6,556% |
| Recurring financial income | 75 | €0 | €21 | +€21 | +6,556% |
| Financial charges | 65/66B | €2,610 | €10,459 | +€7,848 | +301% |
| Recurring financial charges | 65 | €2,610 | €10,459 | +€7,848 | +301% |
| Profit (loss) for the period before taxes | 9903 | -€2,355 | €27,026 | +€29,380 | |
| Income taxes | 67/77 | €1,640 | €4,109 | +€2,469 | +151% |
| Profit (loss) for the period | 9904 | -€3,994 | €22,917 | +€26,911 | |
| Profit (loss) for the period to be appropriated | 9905 | -€3,994 | €22,917 | +€26,911 |
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 13 October 2026 via checked.be.