SMC BELGIUM: 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.
What changed
SMC BELGIUM
NACE 46.643, Wholesale of electrical equipment, including installation materials
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€386,975
2024 · €422,991-€36,016
Equity
€3.6m
2024 · €3.2m+€386,975
Cash
€1.4m
2024 · €3.0m-€1.6m
Balance sheet total
€4.8m
2024 · €6.1m-€1.3m
Largest movements
Assets
- Cash -€1.6m
down €1.6m (-53.1%), from €3.0m to €1.4m
mainly Trade debts (-€1.2m) and Other debts (-€500,000)
- Receivables within one year +€244,975
up €244,975 (+11.1%), from €2.2m to €2.5m
of which Trade receivables: +€296,733
Equity and liabilities
- Trade debts -€1.2m
down €1.2m (-78.0%), from €1.6m to €343,073
- Other debts -€500,000
no longer reported in 2025 (was €500,000)
- Profit (loss) carried forward +€386,975
up €386,975 (+19.1%), from €2.0m to €2.4m
- Accrued charges and deferred income +€61,042
up €61,042 (+56.6%), from €107,910 to €168,952
Income statement
- Other operating income -€143,694
down €143,694 (-43.7%), from €328,559 to €184,864
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.
Result 2024
€422,991
Turnover
+€69,490
Other operating income
-€143,694
Goods and materials
+€49,832
Services and other goods
+€91,394
Staff costs
-€88,800
Depreciation
-€47,734
Write-downs
+€2,071
Other operating charges
-€2,021
Other operating items
+€8,923
Financial income
+€126
Financial charges
-€156
Taxes
+€24,553
Result 2025
€386,975
raises the resultlowers the resultnot broken down further in the accounts
Derived cash bridge
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.
From operations
-€1.3m
Investment
-€271,194
Financing
€0
Cash 2024
€3.0m
From operations (derived)
-€1.3m
Net result for the year
+€386,975
Depreciation
+€283,943
Stocks and contracts
-€49,379
Receivables within one year
-€244,975
Deferred charges and accrued income
-€49,215
Trade debts
-€1.2m
Tax, wage and social debts
+€51,833
Advances received
-€40,834
Other debts
-€500,000
Accrued charges and deferred income
+€61,042
Investment (derived)
-€271,194
Investment in fixed assets (net)
-€271,194
Cash 2025
€1.4m
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €6,057,674 | €4,801,737 | -€1.3m | -20.7% |
| Fixed assets | 21/28 | €642,123 | €629,374 | -€12,749 | -2.0% |
| Intangible fixed assets | 21 | €25,935 | €6,836 | -€19,099 | -73.6% |
| Tangible fixed assets | 22/27 | €601,648 | €607,998 | +€6,350 | +1.1% |
| Furniture and vehicles | 24 | €521,871 | €571,686 | +€49,815 | +9.5% |
| Other tangible fixed assets | 26 | €79,776 | €36,312 | -€43,465 | -54.5% |
| Financial fixed assets | 28 | €14,540 | €14,540 | = | 0.0% |
| Other financial fixed assets | 284/8 | €14,540 | €14,540 | = | 0.0% |
| Amounts receivable and cash guarantees | 285/8 | €14,540 | €14,540 | = | 0.0% |
| Current assets | 29/58 | €5,415,551 | €4,172,363 | -€1.2m | -23.0% |
| Stocks and contracts in progress | 3 | €162,305 | €211,685 | +€49,379 | +30.4% |
| Stocks | 30/36 | €162,305 | €211,685 | +€49,379 | +30.4% |
| Goods purchased for resale | 34 | €162,305 | €211,685 | +€49,379 | +30.4% |
| Amounts receivable within one year | 40/41 | €2,216,080 | €2,461,056 | +€244,975 | +11.1% |
| Trade receivables | 40 | €2,127,219 | €2,423,952 | +€296,733 | +13.9% |
| Other amounts receivable | 41 | €88,861 | €37,103 | -€51,758 | -58.2% |
| Cash at bank and in hand | 54/58 | €2,986,308 | €1,399,550 | -€1.6m | -53.1% |
| Deferred charges and accrued income | 490/1 | €50,858 | €100,073 | +€49,215 | +96.8% |
| Total equity and liabilities | 10/49 | €6,057,674 | €4,801,737 | -€1.3m | -20.7% |
| Equity | 10/15 | €3,171,424 | €3,558,399 | +€386,975 | +12.2% |
| Contributions | 10/11 | €75,144 | €75,144 | = | 0.0% |
| Reserves | 13 | €1,066,747 | €1,066,747 | = | 0.0% |
| Distributable reserves | 133 | €1,066,747 | €1,066,747 | = | 0.0% |
| Profit (loss) carried forward | 14 | €2,029,534 | €2,416,508 | +€386,975 | +19.1% |
| Amounts payable | 17/49 | €2,886,250 | €1,243,338 | -€1.6m | -56.9% |
| Amounts payable within one year | 42/48 | €2,778,340 | €1,074,386 | -€1.7m | -61.3% |
| Trade debts | 44 | €1,558,026 | €343,073 | -€1.2m | -78.0% |
| Suppliers | 440/4 | €1,558,026 | €343,073 | -€1.2m | -78.0% |
| Advances received on contracts in progress | 46 | €40,834 | - | -€40,834 | |
| Taxes, remuneration and social security | 45 | €679,480 | €731,313 | +€51,833 | +7.6% |
| Taxes | 450/3 | €122,198 | €159,616 | +€37,418 | +30.6% |
| Remuneration and social security | 454/9 | €557,282 | €571,697 | +€14,415 | +2.6% |
| Other amounts payable | 47/48 | €500,000 | - | -€500,000 | |
| Accrued charges and deferred income | 492/3 | €107,910 | €168,952 | +€61,042 | +56.6% |
| Operating income | 70/76A | €11,451,717 | €11,386,436 | -€65,281 | -0.6% |
| Turnover | 70 | €11,132,081 | €11,201,572 | +€69,490 | +0.6% |
| Change in stocks of work in progress, finished goods and contracts in progress | 71 | -€8,923 | - | +€8,923 | |
| Other operating income | 74 | €328,559 | €184,864 | -€143,694 | -43.7% |
| Operating charges | 60/66A | €10,850,423 | €10,845,681 | -€4,743 | 0.0% |
| Goods for resale, raw materials and consumables | 60 | €5,575,870 | €5,526,038 | -€49,832 | -0.9% |
| Purchases | 600/8 | €5,620,520 | €5,575,417 | -€45,102 | -0.8% |
| Change in stocks: decrease (increase) | 609 | -€44,649 | -€49,379 | -€4,730 | -10.6% |
| Services and other goods | 61 | €1,688,469 | €1,597,075 | -€91,394 | -5.4% |
| Remuneration, social security and pensions | 62 | €3,332,450 | €3,421,251 | +€88,800 | +2.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €236,209 | €283,943 | +€47,734 | +20.2% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €6,500 | €4,429 | -€2,071 | -31.9% |
| Other operating charges | 640/8 | €10,924 | €12,945 | +€2,021 | +18.5% |
| Operating profit (loss) | 9901 | €601,294 | €540,755 | -€60,538 | -10.1% |
| Financial income | 75/76B | €9,713 | €9,838 | +€126 | +1.3% |
| Recurring financial income | 75 | €9,713 | €9,838 | +€126 | +1.3% |
| Income from current assets | 751 | €9,713 | €9,838 | +€126 | +1.3% |
| Financial charges | 65/66B | €863 | €1,019 | +€156 | +18.1% |
| Recurring financial charges | 65 | €863 | €1,019 | +€156 | +18.1% |
| Other financial charges | 652/9 | €863 | €1,019 | +€156 | +18.1% |
| Profit (loss) for the period before taxes | 9903 | €610,144 | €549,575 | -€60,569 | -9.9% |
| Income taxes | 67/77 | €187,153 | €162,600 | -€24,553 | -13.1% |
| Taxes | 670/3 | €187,176 | €168,391 | -€18,786 | -10.0% |
| Tax adjustments and reversals of tax provisions | 77 | €24 | €5,791 | +€5,767 | +24,078% |
| Profit (loss) for the period | 9904 | €422,991 | €386,975 | -€36,016 | -8.5% |
| Profit (loss) for the period to be appropriated | 9905 | €422,991 | €386,975 | -€36,016 | -8.5% |
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 31 October 2026 via checked.be.