SMADERCO: what changed
Two fiscal 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.
SMADERCO
Largest movements
- Receivables within one year -€6,047
down €6,047 (-51.4%), from €11,770 to €5,723
of which Trade receivables: -€7,981
- Stocks and contracts +€3,323
new in 2024: €3,323
- Cash -€233
down €233 (-27.2%), from €856 to €623
mainly Net result for the year (-€9,104) and Stocks and contracts (-€3,323)
- Profit (loss) carried forward -€9,104
down €9,104, from €4,110 to -€4,994
- Advances received +€3,500
new in 2024: €3,500
- Tax, wage and social debts +€1,951
up €1,951 (+125.9%), from €1,549 to €3,500
of which Remuneration and social security: +€3,500
- Trade debts +€395
up €395 (+51.6%), from €767 to €1,162
- Other debts +€300
new in 2024: €300
- Purchases and services -€20,630
no longer reported in 2024 (was €20,630)
- Turnover -€19,221
no longer reported in 2024 (was €19,221)
- Other operating charges +€7,816
new in 2024: €7,816
- Taxes -€2,226
down €2,226, from €1,626 to -€600
- Financial income +€510
new in 2024: €510
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.
Cash bridge derived
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 | €12,625 | €9,668 | -€2,958 | -23.4% |
| Current assets | 29/58 | €12,625 | €9,668 | -€2,958 | -23.4% |
| Stocks and contracts in progress | 3 | - | €3,323 | +€3,323 | |
| Stocks | 30/36 | - | €3,323 | +€3,323 | |
| Amounts receivable within one year | 40/41 | €11,770 | €5,723 | -€6,047 | -51.4% |
| Trade receivables | 40 | €9,401 | €1,420 | -€7,981 | -84.9% |
| Other amounts receivable | 41 | €2,369 | €4,303 | +€1,934 | +81.6% |
| Cash at bank and in hand | 54/58 | €856 | €623 | -€233 | -27.2% |
| Total equity and liabilities | 10/49 | €12,625 | €9,668 | -€2,958 | -23.4% |
| Equity | 10/15 | €10,310 | €1,206 | -€9,104 | -88.3% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Profit (loss) carried forward | 14 | €4,110 | -€4,994 | -€9,104 | |
| Amounts payable | 17/49 | €2,316 | €8,462 | +€6,146 | +265.4% |
| Amounts payable within one year | 42/48 | €2,316 | €8,462 | +€6,146 | +265.4% |
| Trade debts | 44 | €767 | €1,162 | +€395 | +51.6% |
| Suppliers | 440/4 | €767 | €1,162 | +€395 | +51.6% |
| Advances received on contracts in progress | 46 | - | €3,500 | +€3,500 | |
| Taxes, remuneration and social security | 45 | €1,549 | €3,500 | +€1,951 | +125.9% |
| Taxes | 450/3 | €1,549 | - | -€1,549 | |
| Remuneration and social security | 454/9 | - | €3,500 | +€3,500 | |
| Other amounts payable | 47/48 | - | €300 | +€300 | |
| Turnover | 70 | €19,221 | - | -€19,221 | |
| Goods, raw materials, services and sundry goods | 60/61 | €20,630 | - | -€20,630 | |
| Other operating charges | 640/8 | - | €7,816 | +€7,816 | |
| Gross operating margin | 9900 | -€1,409 | -€1,901 | -€492 | -34.9% |
| Operating profit (loss) | 9901 | -€1,409 | -€9,717 | -€8,307 | -589.4% |
| Financial income | 75/76B | - | €510 | +€510 | |
| Recurring financial income | 75 | - | €510 | +€510 | |
| Financial charges | 65/66B | €246 | €497 | +€250 | +101.6% |
| Recurring financial charges | 65 | €246 | €497 | +€250 | +101.6% |
| Profit (loss) for the period before taxes | 9903 | -€1,656 | -€9,704 | -€8,048 | -486.0% |
| Income taxes | 67/77 | €1,626 | -€600 | -€2,226 | |
| Profit (loss) for the period | 9904 | -€3,282 | -€9,104 | -€5,822 | -177.4% |
| Profit (loss) for the period to be appropriated | 9905 | -€3,282 | -€9,104 | -€5,822 | -177.4% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.