SMAIL: 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.
SMAIL
Largest movements
- Cash -€332
down €332 (-5.6%), from €5,913 to €5,581
mainly Other debts (-€41,626) and Tax, wage and social debts (-€2,176)
- Tangible fixed assets -€289
down €289 (-2.7%), from €10,584 to €10,295
of which Furniture and vehicles: -€289
- Trade debts +€45,341
up €45,341 (+252%), from €18,020 to €63,361
- Other debts -€41,626
down €41,626 (-67.8%), from €61,376 to €19,750
- Tax, wage and social debts -€2,176
down €2,176 (-60.0%), from €3,624 to €1,448
- Profit (loss) carried forward -€2,160
down €2,160 (-3.0%), from -€72,723 to -€74,883
- Staff costs -€7,993
down €7,993 (-88.3%), from €9,052 to €1,059
- Financial charges +€4,069
up €4,069 (+1,359%), from €299 to €4,368
- Other operating charges +€1,445
up €1,445 (+2,265%), from €64 to €1,509
- Gross operating margin -€374
down €374 (-6.9%), from €5,438 to €5,064
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 | €16,496 | €15,875 | -€621 | -3.8% |
| Fixed assets | 21/28 | €10,584 | €10,295 | -€289 | -2.7% |
| Tangible fixed assets | 22/27 | €10,584 | €10,295 | -€289 | -2.7% |
| Plant, machinery and equipment | 23 | €7,443 | €7,443 | = | 0.0% |
| Furniture and vehicles | 24 | €3,140 | €2,851 | -€289 | -9.2% |
| Current assets | 29/58 | €5,913 | €5,581 | -€332 | -5.6% |
| Cash at bank and in hand | 54/58 | €5,913 | €5,581 | -€332 | -5.6% |
| Total equity and liabilities | 10/49 | €16,496 | €15,875 | -€621 | -3.8% |
| Equity | 10/15 | -€66,523 | -€68,683 | -€2,160 | -3.2% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Capital | 10 | €6,200 | €6,200 | = | 0.0% |
| Issued capital | 100 | €18,600 | €18,600 | = | 0.0% |
| Uncalled capital | 101 | €12,400 | €12,400 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€72,723 | -€74,883 | -€2,160 | -3.0% |
| Amounts payable | 17/49 | €83,020 | €84,559 | +€1,539 | +1.9% |
| Amounts payable within one year | 42/48 | €83,020 | €84,559 | +€1,539 | +1.9% |
| Trade debts | 44 | €18,020 | €63,361 | +€45,341 | +252% |
| Suppliers | 440/4 | €18,020 | €63,361 | +€45,341 | +252% |
| Taxes, remuneration and social security | 45 | €3,624 | €1,448 | -€2,176 | -60.0% |
| Taxes | 450/3 | €3,624 | €1,448 | -€2,176 | -60.0% |
| Other amounts payable | 47/48 | €61,376 | €19,750 | -€41,626 | -67.8% |
| Remuneration, social security and pensions | 62 | €9,052 | €1,059 | -€7,993 | -88.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €289 | €289 | = | 0.0% |
| Other operating charges | 640/8 | €64 | €1,509 | +€1,445 | +2,265% |
| Gross operating margin | 9900 | €5,438 | €5,064 | -€374 | -6.9% |
| Operating profit (loss) | 9901 | -€3,966 | €2,208 | +€6,174 | |
| Financial income | 75/76B | - | €1 | +€1 | |
| Recurring financial income | 75 | - | €1 | +€1 | |
| Financial charges | 65/66B | €299 | €4,368 | +€4,069 | +1,359% |
| Recurring financial charges | 65 | €299 | €4,368 | +€4,069 | +1,359% |
| Profit (loss) for the period before taxes | 9903 | -€4,266 | -€2,160 | +€2,106 | +49.4% |
| Profit (loss) for the period | 9904 | -€4,266 | -€2,160 | +€2,106 | +49.4% |
| Profit (loss) for the period to be appropriated | 9905 | -€4,266 | -€2,160 | +€2,106 | +49.4% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 15 October 2026 via checked.be.