SMCorp: 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.
SMCorp
Largest movements
- Cash -€18,125
down €18,125 (-91.0%), from €19,917 to €1,792
mainly Other debts (-€17,086) and Accrued charges and deferred income (-€16,000)
- Receivables within one year -€16,840
down €16,840 (-95.2%), from €17,683 to €843
of which Trade receivables: -€14,800
- Tangible fixed assets +€2,098
up €2,098 (+24.1%), from €8,702 to €10,800
of which Furniture and vehicles: +€2,350
- Intangible fixed assets +€1,267
new in 2025: €1,267
- Other debts -€17,086
down €17,086 (-68.6%), from €24,899 to €7,814
- Accrued charges and deferred income -€16,000
no longer reported in 2025 (was €16,000)
- Trade debts +€1,309
up €1,309 (+725.7%), from €180 to €1,490
- Depreciation +€3,991
up €3,991 (+1201.6%), from €332 to €4,323
- Gross operating margin +€1,945
up €1,945 (+72.4%), from €2,685 to €4,631
- Taxes -€1,793
no longer reported in 2025 (was €1,793)
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 | €46,302 | €14,703 | -€31,599 | -68.2% |
| Fixed assets | 21/28 | €8,702 | €12,067 | +€3,365 | +38.7% |
| Intangible fixed assets | 21 | - | €1,267 | +€1,267 | |
| Tangible fixed assets | 22/27 | €8,702 | €10,800 | +€2,098 | +24.1% |
| Furniture and vehicles | 24 | €6,213 | €8,563 | +€2,350 | +37.8% |
| Other tangible fixed assets | 26 | €2,488 | €2,237 | -€251 | -10.1% |
| Current assets | 29/58 | €37,601 | €2,636 | -€34,965 | -93.0% |
| Amounts receivable within one year | 40/41 | €17,683 | €843 | -€16,840 | -95.2% |
| Trade receivables | 40 | €14,800 | - | -€14,800 | |
| Other amounts receivable | 41 | €2,883 | €843 | -€2,040 | -70.7% |
| Cash at bank and in hand | 54/58 | €19,917 | €1,792 | -€18,125 | -91.0% |
| Total equity and liabilities | 10/49 | €46,302 | €14,703 | -€31,599 | -68.2% |
| Equity | 10/15 | €3,430 | €3,607 | +€177 | +5.2% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €430 | €607 | +€177 | +41.2% |
| Amounts payable | 17/49 | €42,872 | €11,096 | -€31,776 | -74.1% |
| Amounts payable within one year | 42/48 | €26,872 | €11,096 | -€15,776 | -58.7% |
| Trade debts | 44 | €180 | €1,490 | +€1,309 | +725.7% |
| Suppliers | 440/4 | €180 | €1,490 | +€1,309 | +725.7% |
| Taxes, remuneration and social security | 45 | €1,793 | €1,793 | = | 0.0% |
| Taxes | 450/3 | €1,793 | €1,793 | = | 0.0% |
| Other amounts payable | 47/48 | €24,899 | €7,814 | -€17,086 | -68.6% |
| Accrued charges and deferred income | 492/3 | €16,000 | - | -€16,000 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €332 | €4,323 | +€3,991 | +1201.6% |
| Gross operating margin | 9900 | €2,685 | €4,631 | +€1,945 | +72.4% |
| Operating profit (loss) | 9901 | €2,353 | €307 | -€2,046 | -86.9% |
| Financial charges | 65/66B | €130 | €130 | +€0 | 0.0% |
| Recurring financial charges | 65 | €130 | €130 | +€0 | 0.0% |
| Profit (loss) for the period before taxes | 9903 | €2,223 | €177 | -€2,046 | -92.0% |
| Income taxes | 67/77 | €1,793 | - | -€1,793 | |
| Profit (loss) for the period | 9904 | €430 | €177 | -€253 | -58.8% |
| Profit (loss) for the period to be appropriated | 9905 | €430 | €177 | -€253 | -58.8% |
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 12 October 2026 via checked.be.