SMC CONSULTING: 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.
SMC CONSULTING
Largest movements
- Receivables within one year +€63,874
up €63,874 (+58.2%), from €109,810 to €173,684
of which Other amounts receivable: +€68,582
- Cash +€20,461
up €20,461 (+124%), from €16,512 to €36,973
mainly Trade debts (+€65,102) and Net result for the year (+€59,341)
- Trade debts +€65,102
up €65,102 (+66.8%), from €97,480 to €162,582
- Profit (loss) carried forward +€44,841
up €44,841 (+904%), from €4,963 to €49,804
- Debts after one year -€38,497
down €38,497 (-41.7%), from €92,352 to €53,856
- Other debts +€14,500
new in 2025: €14,500
- Current portion of long-term debt -€5,725
down €5,725 (-100%), from €5,725 to €0
- Staff costs -€23,225
down €23,225 (-31.8%), from €73,096 to €49,871
- Financial charges +€15,249
up €15,249 (+446%), from €3,419 to €18,668
of which Financial charges: +€12,729
- Other operating charges -€9,764
down €9,764 (-99.0%), from €9,865 to €101
- Gross operating margin -€2,802
down €2,802 (-2.1%), from €134,023 to €131,221
- Depreciation -€2,665
down €2,665 (-26.4%), from €10,102 to €7,437
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €230,609 | €315,340 | +€84,731 | +36.7% |
| Fixed assets | 21/28 | €36,308 | €39,224 | +€2,916 | +8.0% |
| Intangible fixed assets | 21 | €0 | - | = | |
| Tangible fixed assets | 22/27 | €36,308 | €39,224 | +€2,916 | +8.0% |
| Plant, machinery and equipment | 23 | €16,807 | €14,838 | -€1,969 | -11.7% |
| Furniture and vehicles | 24 | €13,683 | €20,173 | +€6,490 | +47.4% |
| Other tangible fixed assets | 26 | €5,818 | €4,213 | -€1,605 | -27.6% |
| Current assets | 29/58 | €194,301 | €276,116 | +€81,815 | +42.1% |
| Amounts receivable within one year | 40/41 | €109,810 | €173,684 | +€63,874 | +58.2% |
| Trade receivables | 40 | €79,260 | €74,552 | -€4,708 | -5.9% |
| Other amounts receivable | 41 | €30,550 | €99,132 | +€68,582 | +224% |
| Current investments | 50/53 | €67,979 | €65,459 | -€2,520 | -3.7% |
| Cash at bank and in hand | 54/58 | €16,512 | €36,973 | +€20,461 | +124% |
| Total equity and liabilities | 10/49 | €230,609 | €315,340 | +€84,731 | +36.7% |
| Equity | 10/15 | €11,963 | €56,804 | +€44,841 | +375% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €800 | €800 | = | 0.0% |
| Distributable reserves | 133 | €800 | €800 | = | 0.0% |
| Profit (loss) carried forward | 14 | €4,963 | €49,804 | +€44,841 | +904% |
| Investment grants | 15 | €0 | - | = | |
| Amounts payable | 17/49 | €218,647 | €258,536 | +€39,890 | +18.2% |
| Amounts payable after more than one year | 17 | €92,352 | €53,856 | -€38,497 | -41.7% |
| Financial debts | 170/4 | €92,352 | €53,856 | -€38,497 | -41.7% |
| Amounts payable within one year | 42/48 | €126,294 | €204,681 | +€78,386 | +62.1% |
| Current portion of amounts payable after more than one year | 42 | €5,725 | €0 | -€5,725 | -100% |
| Financial debts | 43 | €0 | - | = | |
| Credit institutions | 430/8 | €0 | - | = | |
| Trade debts | 44 | €97,480 | €162,582 | +€65,102 | +66.8% |
| Suppliers | 440/4 | €97,480 | €162,582 | +€65,102 | +66.8% |
| Taxes, remuneration and social security | 45 | €23,089 | €27,599 | +€4,509 | +19.5% |
| Taxes | 450/3 | €9,036 | €11,989 | +€2,953 | +32.7% |
| Remuneration and social security | 454/9 | €14,053 | €15,610 | +€1,557 | +11.1% |
| Other amounts payable | 47/48 | - | €14,500 | +€14,500 | |
| Remuneration, social security and pensions | 62 | €73,096 | €49,871 | -€23,225 | -31.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,102 | €7,437 | -€2,665 | -26.4% |
| Other operating charges | 640/8 | €9,865 | €101 | -€9,764 | -99.0% |
| Gross operating margin | 9900 | €134,023 | €131,221 | -€2,802 | -2.1% |
| Operating profit (loss) | 9901 | €40,961 | €73,812 | +€32,851 | +80.2% |
| Financial income | 75/76B | €7,434 | €6,721 | -€713 | -9.6% |
| Recurring financial income | 75 | €7,434 | €6,721 | -€713 | -9.6% |
| Financial charges | 65/66B | €3,419 | €18,668 | +€15,249 | +446% |
| Recurring financial charges | 65 | €3,419 | €16,148 | +€12,729 | +372% |
| Non-recurring financial charges | 66B | - | €2,520 | +€2,520 | |
| Profit (loss) for the period before taxes | 9903 | €44,976 | €61,864 | +€16,889 | +37.6% |
| Income taxes | 67/77 | €2,485 | €2,523 | +€39 | +1.6% |
| Profit (loss) for the period | 9904 | €42,491 | €59,341 | +€16,850 | +39.7% |
| Profit (loss) for the period to be appropriated | 9905 | €42,491 | €59,341 | +€16,850 | +39.7% |
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 22 October 2026 via checked.be.