SMBI: 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.
SMBI
Largest movements
- Tangible fixed assets -€3,363
down €3,363 (-57.5%), from €5,851 to €2,488
- Stocks and contracts -€1,357
down €1,357 (-3.8%), from €35,688 to €34,331
- Receivables within one year -€1,033
down €1,033 (-3.6%), from €28,320 to €27,287
of which Trade receivables: -€1,005
- Profit (loss) carried forward -€10,299
down €10,299, from €3,807 to -€6,492
- Short-term financial debts +€3,210
up €3,210 (+37.8%), from €8,500 to €11,710
- Trade debts +€761
up €761 (+10.8%), from €7,051 to €7,811
- Gross operating margin +€6,417
up €6,417 (+57.4%), from -€11,186 to -€4,769
- Other operating charges -€1,048
down €1,048 (-47.7%), from €2,200 to €1,152
- Financial charges -€332
down €332 (-24.0%), from €1,385 to €1,053
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.
Cash bridge derived
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 | €71,976 | €65,618 | -€6,358 | -8.8% |
| Fixed assets | 21/28 | €5,851 | €2,488 | -€3,363 | -57.5% |
| Tangible fixed assets | 22/27 | €5,851 | €2,488 | -€3,363 | -57.5% |
| Furniture and vehicles | 24 | €5,851 | €2,488 | -€3,363 | -57.5% |
| Current assets | 29/58 | €66,125 | €63,131 | -€2,995 | -4.5% |
| Stocks and contracts in progress | 3 | €35,688 | €34,331 | -€1,357 | -3.8% |
| Stocks | 30/36 | €35,688 | €34,331 | -€1,357 | -3.8% |
| Amounts receivable within one year | 40/41 | €28,320 | €27,287 | -€1,033 | -3.6% |
| Trade receivables | 40 | €27,515 | €26,510 | -€1,005 | -3.7% |
| Other amounts receivable | 41 | €805 | €777 | -€28 | -3.5% |
| Cash at bank and in hand | 54/58 | €1,810 | €1,241 | -€569 | -31.4% |
| Deferred charges and accrued income | 490/1 | €307 | €271 | -€37 | -11.9% |
| Total equity and liabilities | 10/49 | €71,976 | €65,618 | -€6,358 | -8.8% |
| Equity | 10/15 | €11,867 | €1,568 | -€10,299 | -86.8% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €3,807 | -€6,492 | -€10,299 | |
| Amounts payable | 17/49 | €60,109 | €64,050 | +€3,941 | +6.6% |
| Amounts payable within one year | 42/48 | €60,109 | €64,050 | +€3,941 | +6.6% |
| Financial debts | 43 | €8,500 | €11,710 | +€3,210 | +37.8% |
| Credit institutions | 430/8 | €8,500 | €11,710 | +€3,210 | +37.8% |
| Trade debts | 44 | €7,051 | €7,811 | +€761 | +10.8% |
| Suppliers | 440/4 | €7,051 | €7,811 | +€761 | +10.8% |
| Taxes, remuneration and social security | 45 | €29 | - | -€29 | |
| Taxes | 450/3 | €29 | - | -€29 | |
| Other amounts payable | 47/48 | €44,529 | €44,529 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,363 | €3,363 | = | 0.0% |
| Other operating charges | 640/8 | €2,200 | €1,152 | -€1,048 | -47.7% |
| Gross operating margin | 9900 | -€11,186 | -€4,769 | +€6,417 | +57.4% |
| Operating profit (loss) | 9901 | -€16,749 | -€9,284 | +€7,465 | +44.6% |
| Financial income | 75/76B | €80 | €38 | -€41 | -51.8% |
| Recurring financial income | 75 | €80 | €38 | -€41 | -51.8% |
| Financial charges | 65/66B | €1,385 | €1,053 | -€332 | -24.0% |
| Recurring financial charges | 65 | €1,385 | €1,053 | -€332 | -24.0% |
| Profit (loss) for the period before taxes | 9903 | -€18,054 | -€10,299 | +€7,756 | +43.0% |
| Profit (loss) for the period | 9904 | -€18,054 | -€10,299 | +€7,756 | +43.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€18,054 | -€10,299 | +€7,756 | +43.0% |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.