SMCPC: 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.
SMCPC
Largest movements
- Receivables after one year -€319,187
down €319,187 (-99.9%), from €319,655 to €468
- Cash +€198,321
up €198,321 (+2420.3%), from €8,194 to €206,515
mainly Receivables after one year (+€319,187) and Net result for the year (+€118,213)
- Financial fixed assets +€100,000
up €100,000 (+31.2%), from €320,051 to €420,051
- Receivables within one year +€44,254
up €44,254 (+56.7%), from €77,987 to €122,241
- Tangible fixed assets -€16,431
down €16,431 (-28.8%), from €57,060 to €40,629
- Other debts +€43,000
up €43,000 (+134.4%), from €32,000 to €75,000
- Debts after one year -€37,184
down €37,184 (-50.0%), from €74,368 to €37,184
- Tax, wage and social debts +€9,585
up €9,585 (+52.0%), from €18,423 to €28,007
- Financial income +€2,925
up €2,925 (+15.5%), from €18,884 to €21,808
- Financial charges -€1,775
down €1,775 (-75.9%), from €2,339 to €563
- Taxes +€1,718
up €1,718 (+3.5%), from €48,814 to €50,532
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 | €784,412 | €792,334 | +€7,922 | +1.0% |
| Fixed assets | 21/28 | €377,111 | €460,680 | +€83,569 | +22.2% |
| Tangible fixed assets | 22/27 | €57,060 | €40,629 | -€16,431 | -28.8% |
| Furniture and vehicles | 24 | €57,060 | €40,629 | -€16,431 | -28.8% |
| Financial fixed assets | 28 | €320,051 | €420,051 | +€100,000 | +31.2% |
| Current assets | 29/58 | €407,301 | €331,655 | -€75,647 | -18.6% |
| Amounts receivable after more than one year | 29 | €319,655 | €468 | -€319,187 | -99.9% |
| Other amounts receivable | 291 | €319,655 | €468 | -€319,187 | -99.9% |
| Amounts receivable within one year | 40/41 | €77,987 | €122,241 | +€44,254 | +56.7% |
| Other amounts receivable | 41 | €77,987 | €122,241 | +€44,254 | +56.7% |
| Cash at bank and in hand | 54/58 | €8,194 | €206,515 | +€198,321 | +2420.3% |
| Deferred charges and accrued income | 490/1 | €1,465 | €2,430 | +€966 | +65.9% |
| Total equity and liabilities | 10/49 | €784,412 | €792,334 | +€7,922 | +1.0% |
| Equity | 10/15 | €657,751 | €651,572 | -€6,179 | -0.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €639,151 | €632,972 | -€6,179 | -1.0% |
| Distributable reserves | 133 | €639,151 | €632,972 | -€6,179 | -1.0% |
| Amounts payable | 17/49 | €126,661 | €140,762 | +€14,101 | +11.1% |
| Amounts payable after more than one year | 17 | €74,368 | €37,184 | -€37,184 | -50.0% |
| Other amounts payable | 178/9 | €74,368 | €37,184 | -€37,184 | -50.0% |
| Amounts payable within one year | 42/48 | €52,294 | €103,578 | +€51,285 | +98.1% |
| Trade debts | 44 | €1,871 | €571 | -€1,300 | -69.5% |
| Suppliers | 440/4 | €1,871 | €571 | -€1,300 | -69.5% |
| Taxes, remuneration and social security | 45 | €18,423 | €28,007 | +€9,585 | +52.0% |
| Taxes | 450/3 | €18,423 | €28,007 | +€9,585 | +52.0% |
| Other amounts payable | 47/48 | €32,000 | €75,000 | +€43,000 | +134.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,189 | €16,431 | +€242 | +1.5% |
| Other operating charges | 640/8 | €432 | €400 | -€33 | -7.5% |
| Gross operating margin | 9900 | €164,751 | €164,331 | -€420 | -0.3% |
| Operating profit (loss) | 9901 | €148,129 | €147,500 | -€629 | -0.4% |
| Financial income | 75/76B | €18,884 | €21,808 | +€2,925 | +15.5% |
| Recurring financial income | 75 | €18,884 | €21,808 | +€2,925 | +15.5% |
| Financial charges | 65/66B | €2,339 | €563 | -€1,775 | -75.9% |
| Recurring financial charges | 65 | €2,339 | €563 | -€1,775 | -75.9% |
| Profit (loss) for the period before taxes | 9903 | €164,674 | €168,745 | +€4,070 | +2.5% |
| Income taxes | 67/77 | €48,814 | €50,532 | +€1,718 | +3.5% |
| Profit (loss) for the period | 9904 | €115,860 | €118,213 | +€2,353 | +2.0% |
| Profit (loss) for the period to be appropriated | 9905 | €115,860 | €118,213 | +€2,353 | +2.0% |
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.