SMD COMPANY: 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.
SMD COMPANY
Largest movements
- Cash +€8,788
up €8,788 (+363%), from €2,419 to €11,207
mainly Tax, wage and social debts (+€12,663) and Net result for the year (+€2,970)
- Receivables within one year +€1,738
up €1,738 (+330%), from €527 to €2,264
of which Trade receivables: +€2,264
- Stocks and contracts -€669
down €669 (-5.4%), from €12,473 to €11,804
- Tax, wage and social debts +€12,663
up €12,663 (+393%), from €3,223 to €15,885
of which Remuneration and social security: +€10,853
- Trade debts -€3,868
down €3,868 (-87.0%), from €4,445 to €577
- Profit (loss) carried forward +€2,970
up €2,970 (+85.8%), from €3,462 to €6,433
- Other debts -€1,759
down €1,759 (-76.9%), from €2,288 to €529
- Turnover +€38,576
up €38,576 (+7.4%), from €518,325 to €556,901
- Staff costs +€21,589
up €21,589 (+171%), from €12,637 to €34,226
- Gross operating margin +€20,439
up €20,439 (+113%), from €18,156 to €38,595
- Purchases and services +€18,822
up €18,822 (+3.7%), from €502,969 to €521,790
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 | €15,418 | €25,424 | +€10,006 | +64.9% |
| Fixed assets | 21/28 | - | €149 | +€149 | |
| Financial fixed assets | 28 | - | €149 | +€149 | |
| Current assets | 29/58 | €15,418 | €25,275 | +€9,857 | +63.9% |
| Stocks and contracts in progress | 3 | €12,473 | €11,804 | -€669 | -5.4% |
| Stocks | 30/36 | €12,473 | €11,804 | -€669 | -5.4% |
| Amounts receivable within one year | 40/41 | €527 | €2,264 | +€1,738 | +330% |
| Trade receivables | 40 | - | €2,264 | +€2,264 | |
| Other amounts receivable | 41 | €527 | - | -€527 | |
| Cash at bank and in hand | 54/58 | €2,419 | €11,207 | +€8,788 | +363% |
| Total equity and liabilities | 10/49 | €15,418 | €25,424 | +€10,006 | +64.9% |
| Equity | 10/15 | €5,462 | €8,433 | +€2,970 | +54.4% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €3,462 | €6,433 | +€2,970 | +85.8% |
| Amounts payable | 17/49 | €9,956 | €16,991 | +€7,036 | +70.7% |
| Amounts payable within one year | 42/48 | €9,956 | €16,991 | +€7,036 | +70.7% |
| Trade debts | 44 | €4,445 | €577 | -€3,868 | -87.0% |
| Suppliers | 440/4 | €4,445 | €577 | -€3,868 | -87.0% |
| Taxes, remuneration and social security | 45 | €3,223 | €15,885 | +€12,663 | +393% |
| Taxes | 450/3 | €1,058 | €2,867 | +€1,809 | +171% |
| Remuneration and social security | 454/9 | €2,165 | €13,018 | +€10,853 | +501% |
| Other amounts payable | 47/48 | €2,288 | €529 | -€1,759 | -76.9% |
| Turnover | 70 | €518,325 | €556,901 | +€38,576 | +7.4% |
| Goods, raw materials, services and sundry goods | 60/61 | €502,969 | €521,790 | +€18,822 | +3.7% |
| Remuneration, social security and pensions | 62 | €12,637 | €34,226 | +€21,589 | +171% |
| Other operating charges | 640/8 | €772 | €599 | -€173 | -22.4% |
| Gross operating margin | 9900 | €18,156 | €38,595 | +€20,439 | +113% |
| Operating profit (loss) | 9901 | €4,747 | €3,770 | -€977 | -20.6% |
| Financial income | 75/76B | €0 | €21 | +€21 | +23,378% |
| Recurring financial income | 75 | €0 | €21 | +€21 | +23,378% |
| Financial charges | 65/66B | €285 | €89 | -€197 | -69.0% |
| Recurring financial charges | 65 | €285 | €89 | -€197 | -69.0% |
| Profit (loss) for the period before taxes | 9903 | €4,462 | €3,703 | -€759 | -17.0% |
| Income taxes | 67/77 | €1,000 | €732 | -€268 | -26.8% |
| Profit (loss) for the period | 9904 | €3,462 | €2,970 | -€492 | -14.2% |
| Profit (loss) for the period to be appropriated | 9905 | €3,462 | €2,970 | -€492 | -14.2% |
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 30 October 2026 via checked.be.