SMBJ: 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.
SMBJ
Largest movements
- Receivables within one year +€6,357
up €6,357 (+531.9%), from €1,195 to €7,552
of which Trade receivables: +€6,361
- Cash +€3,396
up €3,396 (+75.8%), from €4,478 to €7,874
mainly Net result for the year (+€38,266) and Trade debts (+€2,822)
- Profit (loss) carried forward +€38,266
up €38,266 (+58.4%), from €65,561 to €103,826
- Debts after one year -€28,891
down €28,891 (-31.1%), from €92,876 to €63,985
- Trade debts +€2,822
new in 2025: €2,822
- Gross operating margin +€22,027
up €22,027 (+69.6%), from €31,669 to €53,696
- Taxes +€7,307
up €7,307 (+125.5%), from €5,823 to €13,130
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 | €205,673 | €215,426 | +€9,753 | +4.7% |
| Fixed assets | 21/28 | €200,000 | €200,000 | = | 0.0% |
| Financial fixed assets | 28 | €200,000 | €200,000 | = | 0.0% |
| Current assets | 29/58 | €5,673 | €15,426 | +€9,753 | +171.9% |
| Amounts receivable within one year | 40/41 | €1,195 | €7,552 | +€6,357 | +531.9% |
| Trade receivables | 40 | - | €6,361 | +€6,361 | |
| Other amounts receivable | 41 | €1,195 | €1,192 | -€4 | -0.3% |
| Cash at bank and in hand | 54/58 | €4,478 | €7,874 | +€3,396 | +75.8% |
| Total equity and liabilities | 10/49 | €205,673 | €215,426 | +€9,753 | +4.7% |
| Equity | 10/15 | €70,561 | €108,826 | +€38,266 | +54.2% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €65,561 | €103,826 | +€38,266 | +58.4% |
| Amounts payable | 17/49 | €135,112 | €106,600 | -€28,513 | -21.1% |
| Amounts payable after more than one year | 17 | €92,876 | €63,985 | -€28,891 | -31.1% |
| Financial debts | 170/4 | €92,876 | €63,985 | -€28,891 | -31.1% |
| Amounts payable within one year | 42/48 | €42,236 | €42,615 | +€379 | +0.9% |
| Current portion of amounts payable after more than one year | 42 | €28,495 | €28,891 | +€397 | +1.4% |
| Trade debts | 44 | - | €2,822 | +€2,822 | |
| Suppliers | 440/4 | - | €2,822 | +€2,822 | |
| Advances received on contracts in progress | 46 | €985 | €0 | -€985 | -100.0% |
| Taxes, remuneration and social security | 45 | €11,091 | €9,236 | -€1,855 | -16.7% |
| Taxes | 450/3 | €11,091 | €9,236 | -€1,855 | -16.7% |
| Other amounts payable | 47/48 | €1,666 | €1,666 | = | 0.0% |
| Other operating charges | 640/8 | €387 | €400 | +€12 | +3.2% |
| Gross operating margin | 9900 | €31,669 | €53,696 | +€22,027 | +69.6% |
| Operating profit (loss) | 9901 | €31,281 | €53,296 | +€22,015 | +70.4% |
| Financial income | 75/76B | - | €35 | +€35 | |
| Recurring financial income | 75 | - | €35 | +€35 | |
| Financial charges | 65/66B | €2,168 | €1,935 | -€232 | -10.7% |
| Recurring financial charges | 65 | €2,168 | €1,935 | -€232 | -10.7% |
| Profit (loss) for the period before taxes | 9903 | €29,114 | €51,396 | +€22,282 | +76.5% |
| Income taxes | 67/77 | €5,823 | €13,130 | +€7,307 | +125.5% |
| Profit (loss) for the period | 9904 | €23,291 | €38,266 | +€14,975 | +64.3% |
| Profit (loss) for the period to be appropriated | 9905 | €23,291 | €38,266 | +€14,975 | +64.3% |
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 11 October 2026 via checked.be.