SMC DELICE: 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 DELICE
Largest movements
- Receivables within one year -€12,707
no longer reported in 2025 (was €12,707)
- Cash -€7,915
down €7,915 (-24.2%), from €32,678 to €24,763
mainly Trade debts (-€30,104) and Net result for the year (-€5,693)
- Stocks and contracts -€7,605
down €7,605 (-67.6%), from €11,255 to €3,650
- Tangible fixed assets -€7,548
down €7,548 (-13.4%), from €56,148 to €48,600
of which Other tangible fixed assets: -€4,341
- Financial fixed assets -€4,760
down €4,760 (-31.2%), from €15,260 to €10,500
- Trade debts -€30,104
down €30,104 (-49.3%), from €61,042 to €30,939
- Profit (loss) carried forward -€5,693
down €5,693 (-19.6%), from €29,046 to €23,352
- Tax, wage and social debts -€3,023
down €3,023 (-19.5%), from €15,501 to €12,478
of which Taxes: -€1,689
- Advances received -€1,815
no longer reported in 2025 (was €1,815)
- Gross operating margin -€16,156
down €16,156 (-51.8%), from €31,210 to €15,054
- Financial charges +€3,125
up €3,125 (+99.2%), from €3,149 to €6,274
- Other operating charges -€2,299
down €2,299 (-57.6%), from €3,989 to €1,690
- Depreciation +€886
up €886 (+8.0%), from €11,091 to €11,977
- Staff costs +€733
up €733 (+984%), from €74 to €807
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 | €128,048 | €87,513 | -€40,535 | -31.7% |
| Fixed assets | 21/28 | €71,408 | €59,100 | -€12,308 | -17.2% |
| Tangible fixed assets | 22/27 | €56,148 | €48,600 | -€7,548 | -13.4% |
| Plant, machinery and equipment | 23 | €19,624 | €17,664 | -€1,961 | -10.0% |
| Furniture and vehicles | 24 | €1,246 | - | -€1,246 | |
| Other tangible fixed assets | 26 | €35,278 | €30,936 | -€4,341 | -12.3% |
| Financial fixed assets | 28 | €15,260 | €10,500 | -€4,760 | -31.2% |
| Current assets | 29/58 | €56,640 | €28,413 | -€28,227 | -49.8% |
| Stocks and contracts in progress | 3 | €11,255 | €3,650 | -€7,605 | -67.6% |
| Stocks | 30/36 | €11,255 | €3,650 | -€7,605 | -67.6% |
| Amounts receivable within one year | 40/41 | €12,707 | - | -€12,707 | |
| Other amounts receivable | 41 | €12,707 | - | -€12,707 | |
| Cash at bank and in hand | 54/58 | €32,678 | €24,763 | -€7,915 | -24.2% |
| Total equity and liabilities | 10/49 | €128,048 | €87,513 | -€40,535 | -31.7% |
| Equity | 10/15 | €47,646 | €41,952 | -€5,693 | -11.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | €29,046 | €23,352 | -€5,693 | -19.6% |
| Amounts payable | 17/49 | €80,402 | €45,561 | -€34,841 | -43.3% |
| Amounts payable within one year | 42/48 | €80,402 | €45,561 | -€34,841 | -43.3% |
| Trade debts | 44 | €61,042 | €30,939 | -€30,104 | -49.3% |
| Suppliers | 440/4 | €61,042 | €30,939 | -€30,104 | -49.3% |
| Advances received on contracts in progress | 46 | €1,815 | - | -€1,815 | |
| Taxes, remuneration and social security | 45 | €15,501 | €12,478 | -€3,023 | -19.5% |
| Taxes | 450/3 | €14,167 | €12,478 | -€1,689 | -11.9% |
| Remuneration and social security | 454/9 | €1,334 | - | -€1,334 | |
| Other amounts payable | 47/48 | €2,043 | €2,144 | +€101 | +4.9% |
| Remuneration, social security and pensions | 62 | €74 | €807 | +€733 | +984% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,091 | €11,977 | +€886 | +8.0% |
| Other operating charges | 640/8 | €3,989 | €1,690 | -€2,299 | -57.6% |
| Gross operating margin | 9900 | €31,210 | €15,054 | -€16,156 | -51.8% |
| Operating profit (loss) | 9901 | €16,055 | €580 | -€15,475 | -96.4% |
| Financial charges | 65/66B | €3,149 | €6,274 | +€3,125 | +99.2% |
| Recurring financial charges | 65 | €3,149 | €6,274 | +€3,125 | +99.2% |
| Profit (loss) for the period before taxes | 9903 | €12,907 | -€5,693 | -€18,600 | |
| Income taxes | 67/77 | €228 | - | -€228 | |
| Profit (loss) for the period | 9904 | €12,679 | -€5,693 | -€18,372 | |
| Profit (loss) for the period to be appropriated | 9905 | €12,679 | -€5,693 | -€18,372 |
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 25 October 2026 via checked.be.