SMF SERVICES: what changed
Two fiscal 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.
SMF SERVICES
Largest movements
- Receivables within one year +€56,449
up €56,449 (+158.8%), from €35,537 to €91,985
of which Other amounts receivable: +€39,643
- Cash +€8,131
up €8,131 (+2708.8%), from €300 to €8,431
mainly Net result for the year (+€38,615) and Trade debts (+€20,212)
- Tangible fixed assets +€1,729
up €1,729 (+173.0%), from €999 to €2,728
- Profit (loss) carried forward +€23,615
up €23,615 (+99.7%), from €23,676 to €47,291
- Trade debts +€20,212
up €20,212 (+1437.2%), from €1,406 to €21,618
- Other debts +€12,800
up €12,800 (+581.8%), from €2,200 to €15,000
- Tax, wage and social debts +€9,661
up €9,661 (+120.8%), from €7,995 to €17,657
of which Taxes: +€7,991
- Gross operating margin +€10,250
up €10,250 (+27.9%), from €36,681 to €46,930
- Financial income +€2,467
up €2,467 (+260.5%), from €947 to €3,413
From the 2021 result to the 2022 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 2021 and 2022 balance sheets and the 2022 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2021 | 2022 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €36,928 | €103,215 | +€66,288 | +179.5% |
| Fixed assets | 21/28 | €999 | €2,728 | +€1,729 | +173.0% |
| Tangible fixed assets | 22/27 | €999 | €2,728 | +€1,729 | +173.0% |
| Furniture and vehicles | 24 | €999 | €2,728 | +€1,729 | +173.0% |
| Current assets | 29/58 | €35,928 | €100,487 | +€64,559 | +179.7% |
| Amounts receivable within one year | 40/41 | €35,537 | €91,985 | +€56,449 | +158.8% |
| Trade receivables | 40 | €4,422 | €21,228 | +€16,806 | +380.0% |
| Other amounts receivable | 41 | €31,114 | €70,757 | +€39,643 | +127.4% |
| Cash at bank and in hand | 54/58 | €300 | €8,431 | +€8,131 | +2708.8% |
| Deferred charges and accrued income | 490/1 | €92 | €71 | -€20 | -22.3% |
| Total equity and liabilities | 10/49 | €36,928 | €103,215 | +€66,288 | +179.5% |
| Equity | 10/15 | €25,326 | €48,941 | +€23,615 | +93.2% |
| Contributions | 10/11 | €1,500 | €1,500 | = | 0.0% |
| Reserves | 13 | €150 | €150 | = | 0.0% |
| Non-distributable reserves | 130/1 | - | €150 | +€150 | |
| Reserves not available under the articles | 1311 | - | €150 | +€150 | |
| Distributable reserves | 133 | €150 | - | -€150 | |
| Profit (loss) carried forward | 14 | €23,676 | €47,291 | +€23,615 | +99.7% |
| Amounts payable | 17/49 | €11,602 | €54,275 | +€42,673 | +367.8% |
| Amounts payable within one year | 42/48 | €11,602 | €54,275 | +€42,673 | +367.8% |
| Trade debts | 44 | €1,406 | €21,618 | +€20,212 | +1437.2% |
| Suppliers | 440/4 | €1,406 | €21,618 | +€20,212 | +1437.2% |
| Taxes, remuneration and social security | 45 | €7,995 | €17,657 | +€9,661 | +120.8% |
| Taxes | 450/3 | €7,995 | €15,987 | +€7,991 | +100.0% |
| Remuneration and social security | 454/9 | - | €1,670 | +€1,670 | |
| Other amounts payable | 47/48 | €2,200 | €15,000 | +€12,800 | +581.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,094 | €672 | -€422 | -38.6% |
| Other operating charges | 640/8 | €220 | €539 | +€319 | +145.2% |
| Gross operating margin | 9900 | €36,681 | €46,930 | +€10,250 | +27.9% |
| Operating profit (loss) | 9901 | €35,367 | €45,719 | +€10,352 | +29.3% |
| Financial income | 75/76B | €947 | €3,413 | +€2,467 | +260.5% |
| Recurring financial income | 75 | €947 | €3,413 | +€2,467 | +260.5% |
| Financial charges | 65/66B | €2,293 | €2,527 | +€234 | +10.2% |
| Recurring financial charges | 65 | €2,293 | €2,527 | +€234 | +10.2% |
| Profit (loss) for the period before taxes | 9903 | €34,021 | €46,606 | +€12,585 | +37.0% |
| Income taxes | 67/77 | €7,995 | €7,991 | -€4 | 0.0% |
| Profit (loss) for the period | 9904 | €26,026 | €38,615 | +€12,589 | +48.4% |
| Profit (loss) for the period to be appropriated | 9905 | €26,026 | €38,615 | +€12,589 | +48.4% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2021 and 31 December 2022. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.