SMARGINATURA CONSULTANCY: what changed
SMARGINATURA CONSULTANCY
Largest movements
- Receivables within one year +€4,489
up €4,489 (+710%), from €633 to €5,122
of which Trade receivables: +€2,861
- Cash -€4,291
down €4,291 (-33.6%), from €12,754 to €8,463
mainly Receivables within one year (-€4,489) and Other debts (-€2,017)
- Deferred charges and accrued income +€1,085
up €1,085 (+214%), from €506 to €1,591
- Tangible fixed assets -€331
down €331 (-50.6%), from €653 to €322
- Profit (loss) carried forward +€3,385
up €3,385 (+44.7%), from €7,573 to €10,958
- Other debts -€2,017
down €2,017 (-61.0%), from €3,306 to €1,289
- Tax, wage and social debts -€775
down €775 (-100%), from €775 to €0
- Trade debts +€359
up €359 (+91.8%), from €391 to €751
- Gross operating margin -€1,669
down €1,669 (-24.6%), from €6,772 to €5,103
- Taxes -€449
down €449 (-25.3%), from €1,775 to €1,326
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €14,545 | €15,498 | +€952 | +6.5% |
| Fixed assets | 21/28 | €653 | €322 | -€331 | -50.6% |
| Tangible fixed assets | 22/27 | €653 | €322 | -€331 | -50.6% |
| Furniture and vehicles | 24 | €653 | €322 | -€331 | -50.6% |
| Current assets | 29/58 | €13,892 | €15,175 | +€1,283 | +9.2% |
| Amounts receivable within one year | 40/41 | €633 | €5,122 | +€4,489 | +710% |
| Trade receivables | 40 | €0 | €2,861 | +€2,861 | |
| Other amounts receivable | 41 | €633 | €2,261 | +€1,629 | +257% |
| Cash at bank and in hand | 54/58 | €12,754 | €8,463 | -€4,291 | -33.6% |
| Deferred charges and accrued income | 490/1 | €506 | €1,591 | +€1,085 | +214% |
| Total equity and liabilities | 10/49 | €14,545 | €15,498 | +€952 | +6.5% |
| Equity | 10/15 | €10,073 | €13,458 | +€3,385 | +33.6% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €7,573 | €10,958 | +€3,385 | +44.7% |
| Amounts payable | 17/49 | €4,472 | €2,040 | -€2,432 | -54.4% |
| Amounts payable within one year | 42/48 | €4,472 | €2,040 | -€2,432 | -54.4% |
| Trade debts | 44 | €391 | €751 | +€359 | +91.8% |
| Suppliers | 440/4 | €391 | €751 | +€359 | +91.8% |
| Taxes, remuneration and social security | 45 | €775 | €0 | -€775 | -100% |
| Taxes | 450/3 | €775 | €0 | -€775 | -100% |
| Other amounts payable | 47/48 | €3,306 | €1,289 | -€2,017 | -61.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €331 | €331 | = | 0.0% |
| Gross operating margin | 9900 | €6,772 | €5,103 | -€1,669 | -24.6% |
| Operating profit (loss) | 9901 | €6,442 | €4,772 | -€1,669 | -25.9% |
| Financial income | 75/76B | €11 | €3 | -€8 | -74.0% |
| Recurring financial income | 75 | €11 | €3 | -€8 | -74.0% |
| Financial charges | 65/66B | €67 | €65 | -€3 | -4.1% |
| Recurring financial charges | 65 | €67 | €65 | -€3 | -4.1% |
| Profit (loss) for the period before taxes | 9903 | €6,386 | €4,711 | -€1,675 | -26.2% |
| Income taxes | 67/77 | €1,775 | €1,326 | -€449 | -25.3% |
| Profit (loss) for the period | 9904 | €4,611 | €3,385 | -€1,226 | -26.6% |
| Profit (loss) for the period to be appropriated | 9905 | €4,611 | €3,385 | -€1,226 | -26.6% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 2 November 2026 via checked.be.