SMC MANAGEMENT CONSULTING: what changed
SMC MANAGEMENT CONSULTING
Largest movements
- Current investments +€11,706
up €11,706 (+200%), from €5,854 to €17,560
- Deferred charges and accrued income -€9,526
down €9,526 (-8.1%), from €117,829 to €108,303
- Tangible fixed assets -€6,210
down €6,210 (-2.5%), from €250,081 to €243,872
of which Land and buildings: -€4,668
- Cash +€5,020
up €5,020 (+37.3%), from €13,455 to €18,476
mainly Other debts (+€144,837) and Short-term financial debts (+€36,895)
- Debts after one year -€168,087
down €168,087 (-79.9%), from €210,275 to €42,188
- Other debts +€144,837
up €144,837 (+105%), from €137,435 to €282,272
- Short-term financial debts +€36,895
new in 2025: €36,895
- Profit (loss) carried forward -€14,613
down €14,613 (-66.6%), from -€21,941 to -€36,554
- Trade debts +€4,450
up €4,450 (+52.9%), from €8,409 to €12,859
- Depreciation -€6,174
down €6,174 (-27.9%), from €22,169 to €15,994
- Gross operating margin +€3,606
up €3,606 (+86.5%), from €4,167 to €7,774
- Other operating charges -€1,199
down €1,199 (-44.8%), from €2,678 to €1,479
- Taxes -€250
down €250 (-56.5%), from €442 to €192
- Financial charges -€97
down €97 (-2.0%), from €4,819 to €4,722
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €427,294 | €428,043 | +€749 | +0.2% |
| Fixed assets | 21/28 | €250,356 | €244,147 | -€6,210 | -2.5% |
| Tangible fixed assets | 22/27 | €250,081 | €243,872 | -€6,210 | -2.5% |
| Land and buildings | 22 | €247,834 | €243,167 | -€4,668 | -1.9% |
| Furniture and vehicles | 24 | €2,247 | €705 | -€1,542 | -68.6% |
| Financial fixed assets | 28 | €275 | €275 | = | 0.0% |
| Current assets | 29/58 | €176,937 | €183,896 | +€6,959 | +3.9% |
| Amounts receivable within one year | 40/41 | €39,799 | €39,557 | -€242 | -0.6% |
| Trade receivables | 40 | €26,665 | €20,192 | -€6,473 | -24.3% |
| Other amounts receivable | 41 | €13,135 | €19,366 | +€6,231 | +47.4% |
| Current investments | 50/53 | €5,854 | €17,560 | +€11,706 | +200% |
| Cash at bank and in hand | 54/58 | €13,455 | €18,476 | +€5,020 | +37.3% |
| Deferred charges and accrued income | 490/1 | €117,829 | €108,303 | -€9,526 | -8.1% |
| Total equity and liabilities | 10/49 | €427,294 | €428,043 | +€749 | +0.2% |
| Equity | 10/15 | €51,483 | €36,870 | -€14,613 | -28.4% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €53,424 | €53,424 | = | 0.0% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €53,424 | €53,424 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€21,941 | -€36,554 | -€14,613 | -66.6% |
| Amounts payable | 17/49 | €375,810 | €391,172 | +€15,362 | +4.1% |
| Amounts payable after more than one year | 17 | €210,275 | €42,188 | -€168,087 | -79.9% |
| Financial debts | 170/4 | €210,275 | €42,188 | -€168,087 | -79.9% |
| Amounts payable within one year | 42/48 | €165,535 | €348,984 | +€183,449 | +111% |
| Current portion of amounts payable after more than one year | 42 | €10,474 | €10,587 | +€113 | +1.1% |
| Financial debts | 43 | - | €36,895 | +€36,895 | |
| Credit institutions | 430/8 | - | €36,895 | +€36,895 | |
| Trade debts | 44 | €8,409 | €12,859 | +€4,450 | +52.9% |
| Suppliers | 440/4 | €8,409 | €12,859 | +€4,450 | +52.9% |
| Taxes, remuneration and social security | 45 | €9,218 | €6,371 | -€2,846 | -30.9% |
| Taxes | 450/3 | €9,218 | €6,371 | -€2,846 | -30.9% |
| Other amounts payable | 47/48 | €137,435 | €282,272 | +€144,837 | +105% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Non-recurring operating income | 76A | - | €10,318 | +€10,318 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €22,169 | €15,994 | -€6,174 | -27.9% |
| Other operating charges | 640/8 | €2,678 | €1,479 | -€1,199 | -44.8% |
| Gross operating margin | 9900 | €4,167 | €7,774 | +€3,606 | +86.5% |
| Operating profit (loss) | 9901 | -€20,679 | -€9,699 | +€10,980 | +53.1% |
| Financial income | 75/76B | €0 | €1 | +€1 | |
| Recurring financial income | 75 | €0 | €1 | +€1 | |
| Financial charges | 65/66B | €4,819 | €4,722 | -€97 | -2.0% |
| Recurring financial charges | 65 | €4,819 | €4,722 | -€97 | -2.0% |
| Profit (loss) for the period before taxes | 9903 | -€25,499 | -€14,421 | +€11,078 | +43.4% |
| Income taxes | 67/77 | €442 | €192 | -€250 | -56.5% |
| Profit (loss) for the period | 9904 | -€25,941 | -€14,613 | +€11,328 | +43.7% |
| Profit (loss) for the period to be appropriated | 9905 | -€25,941 | -€14,613 | +€11,328 | +43.7% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 1 November 2026 via checked.be.