SMALIMMO: 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.
SMALIMMO
Largest movements
- Tangible fixed assets -€13,291
down €13,291 (-3.0%), from €447,546 to €434,256
of which Land and buildings: -€12,562
- Debts after one year -€24,217
down €24,217 (-10.1%), from €238,605 to €214,388
- Reserves +€8,310
up €8,310 (+74.2%), from €11,198 to €19,508
- Taxes +€2,376
up €2,376 (+1,026%), from €232 to €2,607
- Other operating charges -€1,219
down €1,219 (-27.3%), from €4,470 to €3,251
- Financial charges +€1,004
up €1,004 (+8.9%), from €11,332 to €12,336
- Gross operating margin +€817
up €817 (+2.1%), from €38,977 to €39,794
- Purchases and services -€817
down €817 (-13.8%), from €5,903 to €5,086
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 | €452,449 | €437,606 | -€14,843 | -3.3% |
| Fixed assets | 21/28 | €447,546 | €434,256 | -€13,291 | -3.0% |
| Tangible fixed assets | 22/27 | €447,546 | €434,256 | -€13,291 | -3.0% |
| Land and buildings | 22 | €445,232 | €432,669 | -€12,562 | -2.8% |
| Plant, machinery and equipment | 23 | €2,315 | €1,586 | -€728 | -31.5% |
| Current assets | 29/58 | €4,903 | €3,350 | -€1,553 | -31.7% |
| Amounts receivable within one year | 40/41 | €3,740 | - | -€3,740 | |
| Trade receivables | 40 | €3,740 | - | -€3,740 | |
| Cash at bank and in hand | 54/58 | - | €2,177 | +€2,177 | |
| Deferred charges and accrued income | 490/1 | €1,163 | €1,173 | +€10 | +0.9% |
| Total equity and liabilities | 10/49 | €452,449 | €437,606 | -€14,843 | -3.3% |
| Equity | 10/15 | €176,198 | €184,508 | +€8,310 | +4.7% |
| Contributions | 10/11 | €165,000 | €165,000 | = | 0.0% |
| Capital | 10 | €165,000 | €165,000 | = | 0.0% |
| Issued capital | 100 | €165,000 | €165,000 | = | 0.0% |
| Reserves | 13 | €11,198 | €19,508 | +€8,310 | +74.2% |
| Distributable reserves | 133 | €11,198 | €19,508 | +€8,310 | +74.2% |
| Amounts payable | 17/49 | €276,251 | €253,098 | -€23,153 | -8.4% |
| Amounts payable after more than one year | 17 | €238,605 | €214,388 | -€24,217 | -10.1% |
| Financial debts | 170/4 | €238,605 | €214,388 | -€24,217 | -10.1% |
| Amounts payable within one year | 42/48 | €37,646 | €38,709 | +€1,064 | +2.8% |
| Current portion of amounts payable after more than one year | 42 | €23,194 | €24,217 | +€1,023 | +4.4% |
| Taxes, remuneration and social security | 45 | - | €287 | +€287 | |
| Taxes | 450/3 | - | €287 | +€287 | |
| Other amounts payable | 47/48 | €14,452 | €14,205 | -€247 | -1.7% |
| Goods, raw materials, services and sundry goods | 60/61 | €5,903 | €5,086 | -€817 | -13.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,608 | €13,291 | -€317 | -2.3% |
| Other operating charges | 640/8 | €4,470 | €3,251 | -€1,219 | -27.3% |
| Gross operating margin | 9900 | €38,977 | €39,794 | +€817 | +2.1% |
| Operating profit (loss) | 9901 | €20,899 | €23,252 | +€2,353 | +11.3% |
| Financial charges | 65/66B | €11,332 | €12,336 | +€1,004 | +8.9% |
| Recurring financial charges | 65 | €11,332 | €12,336 | +€1,004 | +8.9% |
| Profit (loss) for the period before taxes | 9903 | €9,567 | €10,917 | +€1,350 | +14.1% |
| Income taxes | 67/77 | €232 | €2,607 | +€2,376 | +1,026% |
| Profit (loss) for the period | 9904 | €9,336 | €8,310 | -€1,026 | -11.0% |
| Profit (loss) for the period to be appropriated | 9905 | €9,336 | €8,310 | -€1,026 | -11.0% |
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 18 October 2026 via checked.be.