SMALFILM: 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.
SMALFILM
Largest movements
- Cash +€16,045
up €16,045 (+103%), from €15,515 to €31,559
mainly Net result for the year (+€19,353) and Tax, wage and social debts (+€4,091)
- Receivables within one year +€5,794
up €5,794 (+31.6%), from €18,311 to €24,104
of which Other amounts receivable: +€8,214
- Tangible fixed assets +€2,279
up €2,279 (+73.2%), from €3,114 to €5,393
- Profit (loss) carried forward +€18,520
up €18,520 (+121%), from €15,286 to €33,806
- Tax, wage and social debts +€4,091
up €4,091 (+29.5%), from €13,889 to €17,980
- Trade debts +€2,939
up €2,939 (+327%), from €898 to €3,837
- Accrued charges and deferred income -€998
down €998 (-100%), from €998 to €0
- Short-term financial debts -€929
down €929 (-88.4%), from €1,051 to €122
- Gross operating margin +€6,718
up €6,718 (+27.9%), from €24,077 to €30,795
- Financial charges +€2,795
up €2,795 (+9,515%), from €29 to €2,825
- Taxes +€1,529
up €1,529 (+33.1%), from €4,614 to €6,143
- Depreciation -€502
down €502 (-15.6%), from €3,225 to €2,723
- Financial income +€369
new in 2025: €369
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 | €37,704 | €61,578 | +€23,874 | +63.3% |
| Formation expenses | 20 | €583 | €0 | -€583 | -100% |
| Fixed assets | 21/28 | €3,114 | €5,393 | +€2,279 | +73.2% |
| Tangible fixed assets | 22/27 | €3,114 | €5,393 | +€2,279 | +73.2% |
| Furniture and vehicles | 24 | €3,114 | €5,393 | +€2,279 | +73.2% |
| Current assets | 29/58 | €34,008 | €56,185 | +€22,178 | +65.2% |
| Amounts receivable within one year | 40/41 | €18,311 | €24,104 | +€5,794 | +31.6% |
| Trade receivables | 40 | €18,150 | €15,730 | -€2,420 | -13.3% |
| Other amounts receivable | 41 | €161 | €8,374 | +€8,214 | +5,115% |
| Cash at bank and in hand | 54/58 | €15,515 | €31,559 | +€16,045 | +103% |
| Deferred charges and accrued income | 490/1 | €182 | €522 | +€339 | +186% |
| Total equity and liabilities | 10/49 | €37,704 | €61,578 | +€23,874 | +63.3% |
| Equity | 10/15 | €20,286 | €38,806 | +€18,520 | +91.3% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €15,286 | €33,806 | +€18,520 | +121% |
| Amounts payable | 17/49 | €17,418 | €22,772 | +€5,354 | +30.7% |
| Amounts payable within one year | 42/48 | €16,420 | €22,772 | +€6,352 | +38.7% |
| Financial debts | 43 | €1,051 | €122 | -€929 | -88.4% |
| Credit institutions | 430/8 | €1,051 | €122 | -€929 | -88.4% |
| Trade debts | 44 | €898 | €3,837 | +€2,939 | +327% |
| Suppliers | 440/4 | €898 | €3,837 | +€2,939 | +327% |
| Taxes, remuneration and social security | 45 | €13,889 | €17,980 | +€4,091 | +29.5% |
| Taxes | 450/3 | €13,889 | €17,980 | +€4,091 | +29.5% |
| Other amounts payable | 47/48 | €582 | €833 | +€251 | +43.2% |
| Accrued charges and deferred income | 492/3 | €998 | €0 | -€998 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,225 | €2,723 | -€502 | -15.6% |
| Other operating charges | 640/8 | €63 | €120 | +€57 | +90.2% |
| Gross operating margin | 9900 | €24,077 | €30,795 | +€6,718 | +27.9% |
| Operating profit (loss) | 9901 | €20,789 | €27,952 | +€7,163 | +34.5% |
| Financial income | 75/76B | - | €369 | +€369 | |
| Recurring financial income | 75 | - | €369 | +€369 | |
| Financial charges | 65/66B | €29 | €2,825 | +€2,795 | +9,515% |
| Recurring financial charges | 65 | €29 | €2,825 | +€2,795 | +9,515% |
| Profit (loss) for the period before taxes | 9903 | €20,759 | €25,495 | +€4,736 | +22.8% |
| Income taxes | 67/77 | €4,614 | €6,143 | +€1,529 | +33.1% |
| Profit (loss) for the period | 9904 | €16,145 | €19,353 | +€3,207 | +19.9% |
| Profit (loss) for the period to be appropriated | 9905 | €16,145 | €19,353 | +€3,207 | +19.9% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 October 2026 via checked.be.