SMBC: 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.
SMBC
Largest movements
- Receivables within one year +€151,429
up €151,429 (+186.8%), from €81,083 to €232,512
of which Other amounts receivable: +€179,340
- Cash -€6,663
down €6,663 (-99.9%), from €6,672 to €9
mainly Receivables within one year (-€151,429) and Net result for the year (-€80,184)
- Financial fixed assets +€5,766
up €5,766 (+46.5%), from €12,398 to €18,164
- Tangible fixed assets -€2,603
down €2,603 (-41.5%), from €6,267 to €3,664
of which Plant, machinery and equipment: -€1,851
- Other debts +€227,429
up €227,429 (+541.5%), from €42,004 to €269,433
- Reserves -€40,582
no longer reported in 2024 (was €40,582)
- Profit (loss) carried forward -€39,602
new in 2024: -€39,602
- Trade debts -€3,518
down €3,518 (-64.5%), from €5,456 to €1,938
- Tax, wage and social debts +€3,482
up €3,482 (+22.6%), from €15,378 to €18,860
of which Remuneration and social security: +€3,301
- Gross operating margin -€126,440
down €126,440, from €51,110 to -€75,330
- Taxes -€5,252
down €5,252 (-98.9%), from €5,313 to €61
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 | €106,420 | €255,321 | +€148,901 | +139.9% |
| Fixed assets | 21/28 | €18,665 | €21,828 | +€3,163 | +16.9% |
| Tangible fixed assets | 22/27 | €6,267 | €3,664 | -€2,603 | -41.5% |
| Plant, machinery and equipment | 23 | €5,514 | €3,664 | -€1,851 | -33.6% |
| Furniture and vehicles | 24 | €752 | €0 | -€752 | -100.0% |
| Financial fixed assets | 28 | €12,398 | €18,164 | +€5,766 | +46.5% |
| Current assets | 29/58 | €87,755 | €233,493 | +€145,738 | +166.1% |
| Amounts receivable within one year | 40/41 | €81,083 | €232,512 | +€151,429 | +186.8% |
| Trade receivables | 40 | €73,195 | €45,284 | -€27,911 | -38.1% |
| Other amounts receivable | 41 | €7,888 | €187,228 | +€179,340 | +2273.6% |
| Cash at bank and in hand | 54/58 | €6,672 | €9 | -€6,663 | -99.9% |
| Deferred charges and accrued income | 490/1 | - | €972 | +€972 | |
| Total equity and liabilities | 10/49 | €106,420 | €255,321 | +€148,901 | +139.9% |
| Equity | 10/15 | €43,582 | -€36,602 | -€80,184 | |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €40,582 | - | -€40,582 | |
| Distributable reserves | 133 | €40,582 | - | -€40,582 | |
| Profit (loss) carried forward | 14 | - | -€39,602 | -€39,602 | |
| Amounts payable | 17/49 | €62,837 | €291,923 | +€229,086 | +364.6% |
| Amounts payable within one year | 42/48 | €62,837 | €291,923 | +€229,086 | +364.6% |
| Financial debts | 43 | - | €1,692 | +€1,692 | |
| Credit institutions | 430/8 | - | €1,692 | +€1,692 | |
| Trade debts | 44 | €5,456 | €1,938 | -€3,518 | -64.5% |
| Suppliers | 440/4 | €5,456 | €1,938 | -€3,518 | -64.5% |
| Taxes, remuneration and social security | 45 | €15,378 | €18,860 | +€3,482 | +22.6% |
| Taxes | 450/3 | €15,378 | €15,559 | +€181 | +1.2% |
| Remuneration and social security | 454/9 | - | €3,301 | +€3,301 | |
| Other amounts payable | 47/48 | €42,004 | €269,433 | +€227,429 | +541.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,381 | €2,603 | +€222 | +9.3% |
| Other operating charges | 640/8 | €987 | €1,414 | +€427 | +43.3% |
| Non-recurring operating charges | 66A | €2,651 | - | -€2,651 | |
| Gross operating margin | 9900 | €51,110 | -€75,330 | -€126,440 | |
| Operating profit (loss) | 9901 | €45,091 | -€79,347 | -€124,438 | |
| Financial income | 75/76B | €20 | €3 | -€17 | -84.9% |
| Recurring financial income | 75 | €20 | €3 | -€17 | -84.9% |
| Financial charges | 65/66B | €512 | €779 | +€267 | +52.1% |
| Recurring financial charges | 65 | €512 | €779 | +€267 | +52.1% |
| Profit (loss) for the period before taxes | 9903 | €44,599 | -€80,123 | -€124,723 | |
| Income taxes | 67/77 | €5,313 | €61 | -€5,252 | -98.9% |
| Profit (loss) for the period | 9904 | €39,287 | -€80,184 | -€119,471 | |
| Profit (loss) for the period to be appropriated | 9905 | €39,287 | -€80,184 | -€119,471 |
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 7 October 2026 via checked.be.