SMEB: 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.
SMEB
Largest movements
- Receivables within one year +€168,657
up €168,657 (+625%), from €26,991 to €195,648
of which Trade receivables: +€187,156
- Cash +€3,696
up €3,696 (+87.0%), from €4,250 to €7,946
mainly Trade debts (+€164,830) and Net result for the year (+€12,149)
- Tangible fixed assets -€3,375
down €3,375 (-50.2%), from €6,724 to €3,349
- Trade debts +€164,830
new in 2024: €164,830
- Reserves +€12,149
up €12,149 (+93.4%), from €13,011 to €25,160
- Other debts -€8,000
no longer reported in 2024 (was €8,000)
- Staff costs -€2,126
no longer reported in 2024 (was €2,126)
- Financial income -€1,568
down €1,568 (-87.9%), from €1,784 to €216
- Gross operating margin +€963
up €963 (+6.5%), from €14,782 to €15,745
- Other operating charges -€744
down €744 (-67.0%), from €1,110 to €367
- Taxes -€604
no longer reported in 2024 (was €604)
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €40,215 | €209,194 | +€168,979 | +420% |
| Fixed assets | 21/28 | €8,974 | €5,599 | -€3,375 | -37.6% |
| Tangible fixed assets | 22/27 | €6,724 | €3,349 | -€3,375 | -50.2% |
| Furniture and vehicles | 24 | €6,724 | €3,349 | -€3,375 | -50.2% |
| Financial fixed assets | 28 | €2,250 | €2,250 | = | 0.0% |
| Current assets | 29/58 | €31,241 | €203,594 | +€172,353 | +552% |
| Amounts receivable within one year | 40/41 | €26,991 | €195,648 | +€168,657 | +625% |
| Trade receivables | 40 | €1,504 | €188,660 | +€187,156 | +12,446% |
| Other amounts receivable | 41 | €25,487 | €6,988 | -€18,499 | -72.6% |
| Cash at bank and in hand | 54/58 | €4,250 | €7,946 | +€3,696 | +87.0% |
| Total equity and liabilities | 10/49 | €40,215 | €209,194 | +€168,979 | +420% |
| Equity | 10/15 | €31,611 | €43,760 | +€12,149 | +38.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €13,011 | €25,160 | +€12,149 | +93.4% |
| Distributable reserves | 133 | €13,011 | €25,160 | +€12,149 | +93.4% |
| Amounts payable | 17/49 | €8,604 | €165,434 | +€156,830 | +1,823% |
| Amounts payable within one year | 42/48 | €8,604 | €165,434 | +€156,830 | +1,823% |
| Trade debts | 44 | - | €164,830 | +€164,830 | |
| Suppliers | 440/4 | - | €164,830 | +€164,830 | |
| Taxes, remuneration and social security | 45 | €604 | €604 | = | 0.0% |
| Taxes | 450/3 | €604 | €604 | = | 0.0% |
| Other amounts payable | 47/48 | €8,000 | - | -€8,000 | |
| Remuneration, social security and pensions | 62 | €2,126 | - | -€2,126 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,508 | €3,375 | -€133 | -3.8% |
| Other operating charges | 640/8 | €1,110 | €367 | -€744 | -67.0% |
| Gross operating margin | 9900 | €14,782 | €15,745 | +€963 | +6.5% |
| Operating profit (loss) | 9901 | €8,038 | €12,004 | +€3,966 | +49.3% |
| Financial income | 75/76B | €1,784 | €216 | -€1,568 | -87.9% |
| Recurring financial income | 75 | €1,784 | €216 | -€1,568 | -87.9% |
| Financial charges | 65/66B | €261 | €72 | -€189 | -72.5% |
| Recurring financial charges | 65 | €261 | €72 | -€189 | -72.5% |
| Profit (loss) for the period before taxes | 9903 | €9,561 | €12,149 | +€2,587 | +27.1% |
| Income taxes | 67/77 | €604 | - | -€604 | |
| Profit (loss) for the period | 9904 | €8,958 | €12,149 | +€3,191 | +35.6% |
| Profit (loss) for the period to be appropriated | 9905 | €8,958 | €12,149 | +€3,191 | +35.6% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 15 October 2026 via checked.be.