SMALLCO: 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.
SMALLCO
Largest movements
- Receivables within one year -€221,715
down €221,715 (-100.0%), from €221,722 to €7
of which Trade receivables: -€220,000
- Cash +€55,173
up €55,173 (+80.4%), from €68,625 to €123,798
mainly Receivables within one year (+€221,715) and Depreciation (+€15,054)
- Tangible fixed assets -€11,525
down €11,525 (-4.1%), from €281,364 to €269,840
of which Land and buildings: -€14,204
- Other debts -€166,696
down €166,696 (-96.5%), from €172,724 to €6,028
- Trade debts -€8,004
down €8,004 (-100.0%), from €8,004 to €0
- Profit (loss) carried forward +€7,441
up €7,441 (+1.0%), from -€772,675 to -€765,235
- Gross operating margin -€9,546
down €9,546 (-27.7%), from €34,450 to €24,905
- Other operating charges -€1,010
down €1,010 (-17.9%), from €5,640 to €4,630
- Depreciation +€850
up €850 (+6.0%), from €14,204 to €15,054
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 | €571,798 | €393,734 | -€178,064 | -31.1% |
| Formation expenses | 20 | €0 | €0 | = | |
| Fixed assets | 21/28 | €281,364 | €269,840 | -€11,525 | -4.1% |
| Tangible fixed assets | 22/27 | €281,364 | €269,840 | -€11,525 | -4.1% |
| Land and buildings | 22 | €281,364 | €267,160 | -€14,204 | -5.0% |
| Furniture and vehicles | 24 | €0 | €2,680 | +€2,680 | |
| Current assets | 29/58 | €290,434 | €123,894 | -€166,540 | -57.3% |
| Amounts receivable within one year | 40/41 | €221,722 | €7 | -€221,715 | -100.0% |
| Trade receivables | 40 | €220,000 | €0 | -€220,000 | -100.0% |
| Other amounts receivable | 41 | €1,722 | €7 | -€1,715 | -99.6% |
| Cash at bank and in hand | 54/58 | €68,625 | €123,798 | +€55,173 | +80.4% |
| Deferred charges and accrued income | 490/1 | €87 | €89 | +€2 | +2.0% |
| Total equity and liabilities | 10/49 | €571,798 | €393,734 | -€178,064 | -31.1% |
| Equity | 10/15 | €331,547 | €336,293 | +€4,746 | +1.4% |
| Contributions | 10/11 | €630,150 | €630,150 | = | 0.0% |
| Capital | 10 | €630,150 | €630,150 | = | 0.0% |
| Issued capital | 100 | €630,150 | €630,150 | = | 0.0% |
| Reserves | 13 | €474,073 | €471,378 | -€2,695 | -0.6% |
| Non-distributable reserves | 130/1 | €2,150 | €2,150 | = | 0.0% |
| Legal reserve | 130 | €2,150 | €2,150 | = | 0.0% |
| Tax-exempt reserves | 132 | €88,525 | €85,830 | -€2,695 | -3.0% |
| Distributable reserves | 133 | €383,397 | €383,397 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€772,675 | -€765,235 | +€7,441 | +1.0% |
| Provisions and deferred taxes | 16 | €29,508 | €28,610 | -€898 | -3.0% |
| Deferred taxes | 168 | €29,508 | €28,610 | -€898 | -3.0% |
| Amounts payable | 17/49 | €210,742 | €28,830 | -€181,912 | -86.3% |
| Amounts payable after more than one year | 17 | €22,802 | €17,256 | -€5,546 | -24.3% |
| Financial debts | 170/4 | €22,802 | €17,256 | -€5,546 | -24.3% |
| Amounts payable within one year | 42/48 | €187,940 | €11,575 | -€176,366 | -93.8% |
| Current portion of amounts payable after more than one year | 42 | €7,212 | €5,546 | -€1,666 | -23.1% |
| Trade debts | 44 | €8,004 | €0 | -€8,004 | -100.0% |
| Suppliers | 440/4 | €8,004 | €0 | -€8,004 | -100.0% |
| Taxes, remuneration and social security | 45 | €0 | - | = | |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €172,724 | €6,028 | -€166,696 | -96.5% |
| Turnover | 70 | €0 | €0 | = | |
| Non-recurring operating income | 76A | €0 | €0 | = | |
| Goods, raw materials, services and sundry goods | 60/61 | €0 | €0 | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,204 | €15,054 | +€850 | +6.0% |
| Other operating charges | 640/8 | €5,640 | €4,630 | -€1,010 | -17.9% |
| Gross operating margin | 9900 | €34,450 | €24,905 | -€9,546 | -27.7% |
| Operating profit (loss) | 9901 | €14,606 | €5,220 | -€9,386 | -64.3% |
| Financial income | 75/76B | - | €22 | +€22 | |
| Recurring financial income | 75 | - | €22 | +€22 | |
| Financial charges | 65/66B | €1,613 | €1,395 | -€218 | -13.5% |
| Recurring financial charges | 65 | €1,613 | €1,395 | -€218 | -13.5% |
| Profit (loss) for the period before taxes | 9903 | €12,993 | €3,848 | -€9,145 | -70.4% |
| Transfer from deferred taxes | 780 | €898 | €898 | = | 0.0% |
| Income taxes | 67/77 | - | €0 | = | |
| Profit (loss) for the period | 9904 | €13,891 | €4,746 | -€9,145 | -65.8% |
| Transfer from tax-exempt reserves | 789 | €2,695 | €2,695 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €16,586 | €7,441 | -€9,145 | -55.1% |
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 28 September 2026 via checked.be.