SMAK: 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.
SMAK
Largest movements
- Tangible fixed assets -€9,372
down €9,372 (-13.3%), from €70,290 to €60,918
- Deferred charges and accrued income +€3,391
up €3,391 (+29.6%), from €11,459 to €14,850
- Cash +€885
up €885 (+37.9%), from €2,331 to €3,216
mainly Depreciation (+€9,372) and Net result for the year (+€5,824)
- Debts after one year -€10,656
down €10,656 (-13.6%), from €78,486 to €67,830
- Profit (loss) carried forward +€5,824
up €5,824 (+22.1%), from -€26,303 to -€20,479
- Financial charges -€670
down €670 (-13.3%), from €5,057 to €4,387
- Gross operating margin +€333
up €333 (+1.6%), from €20,997 to €21,330
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 | €86,702 | €81,605 | -€5,097 | -5.9% |
| Fixed assets | 21/28 | €70,290 | €60,918 | -€9,372 | -13.3% |
| Tangible fixed assets | 22/27 | €70,290 | €60,918 | -€9,372 | -13.3% |
| Land and buildings | 22 | €70,290 | €60,918 | -€9,372 | -13.3% |
| Current assets | 29/58 | €16,411 | €20,687 | +€4,276 | +26.1% |
| Amounts receivable within one year | 40/41 | €2,621 | €2,621 | = | 0.0% |
| Other amounts receivable | 41 | €2,621 | €2,621 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €2,331 | €3,216 | +€885 | +37.9% |
| Deferred charges and accrued income | 490/1 | €11,459 | €14,850 | +€3,391 | +29.6% |
| Total equity and liabilities | 10/49 | €86,702 | €81,605 | -€5,097 | -5.9% |
| Equity | 10/15 | -€4,206 | €1,618 | +€5,824 | |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Reserves | 13 | €3,546 | €3,546 | = | 0.0% |
| Distributable reserves | 133 | €3,546 | €3,546 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€26,303 | -€20,479 | +€5,824 | +22.1% |
| Amounts payable | 17/49 | €90,908 | €79,988 | -€10,921 | -12.0% |
| Amounts payable after more than one year | 17 | €78,486 | €67,830 | -€10,656 | -13.6% |
| Financial debts | 170/4 | €78,486 | €67,830 | -€10,656 | -13.6% |
| Amounts payable within one year | 42/48 | €12,422 | €12,157 | -€264 | -2.1% |
| Current portion of amounts payable after more than one year | 42 | €10,143 | €10,656 | +€514 | +5.1% |
| Trade debts | 44 | €2,279 | €1,501 | -€778 | -34.1% |
| Suppliers | 440/4 | €2,279 | €1,501 | -€778 | -34.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,372 | €9,372 | = | 0.0% |
| Other operating charges | 640/8 | €1,689 | €1,747 | +€58 | +3.4% |
| Gross operating margin | 9900 | €20,997 | €21,330 | +€333 | +1.6% |
| Operating profit (loss) | 9901 | €9,935 | €10,211 | +€276 | +2.8% |
| Financial charges | 65/66B | €5,057 | €4,387 | -€670 | -13.3% |
| Recurring financial charges | 65 | €5,057 | €4,387 | -€670 | -13.3% |
| Profit (loss) for the period before taxes | 9903 | €4,878 | €5,824 | +€946 | +19.4% |
| Profit (loss) for the period | 9904 | €4,878 | €5,824 | +€946 | +19.4% |
| Profit (loss) for the period to be appropriated | 9905 | €4,878 | €5,824 | +€946 | +19.4% |
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 9 October 2026 via checked.be.