SMG CONSULTING: 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.
SMG CONSULTING
Largest movements
- Receivables within one year -€4,872
down €4,872 (-21.2%), from €23,029 to €18,157
of which Trade receivables: -€5,365
- Cash +€4,338
up €4,338 (+147%), from €2,946 to €7,284
mainly Net result for the year (+€6,275) and Receivables within one year (+€4,872)
- Deferred charges and accrued income -€1,427
down €1,427 (-60.2%), from €2,369 to €942
- Tangible fixed assets +€833
up €833 (+33.6%), from €2,481 to €3,313
of which Furniture and vehicles: +€1,590
- Profit (loss) carried forward +€6,275
up €6,275 (+44.1%), from €14,243 to €20,518
- Tax, wage and social debts -€6,230
down €6,230 (-58.5%), from €10,652 to €4,422
of which Taxes: -€3,280
- Trade debts -€1,175
down €1,175 (-29.9%), from €3,931 to €2,756
- Gross operating margin +€6,758
up €6,758 (+88.4%), from €7,644 to €14,402
- Taxes +€2,404
up €2,404 (+119%), from €2,018 to €4,422
- Depreciation +€302
up €302 (+39.8%), from €758 to €1,059
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 | €30,825 | €29,696 | -€1,129 | -3.7% |
| Fixed assets | 21/28 | €2,481 | €3,313 | +€833 | +33.6% |
| Tangible fixed assets | 22/27 | €2,481 | €3,313 | +€833 | +33.6% |
| Plant, machinery and equipment | 23 | €2,481 | €1,723 | -€758 | -30.5% |
| Furniture and vehicles | 24 | - | €1,590 | +€1,590 | |
| Current assets | 29/58 | €28,344 | €26,383 | -€1,962 | -6.9% |
| Amounts receivable within one year | 40/41 | €23,029 | €18,157 | -€4,872 | -21.2% |
| Trade receivables | 40 | €20,079 | €14,714 | -€5,365 | -26.7% |
| Other amounts receivable | 41 | €2,950 | €3,443 | +€493 | +16.7% |
| Cash at bank and in hand | 54/58 | €2,946 | €7,284 | +€4,338 | +147% |
| Deferred charges and accrued income | 490/1 | €2,369 | €942 | -€1,427 | -60.2% |
| Total equity and liabilities | 10/49 | €30,825 | €29,696 | -€1,129 | -3.7% |
| Equity | 10/15 | €16,243 | €22,518 | +€6,275 | +38.6% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €14,243 | €20,518 | +€6,275 | +44.1% |
| Amounts payable | 17/49 | €14,582 | €7,178 | -€7,404 | -50.8% |
| Amounts payable within one year | 42/48 | €14,582 | €7,178 | -€7,404 | -50.8% |
| Trade debts | 44 | €3,931 | €2,756 | -€1,175 | -29.9% |
| Suppliers | 440/4 | €3,931 | €2,756 | -€1,175 | -29.9% |
| Taxes, remuneration and social security | 45 | €10,652 | €4,422 | -€6,230 | -58.5% |
| Taxes | 450/3 | €7,702 | €4,422 | -€3,280 | -42.6% |
| Remuneration and social security | 454/9 | €2,950 | €0 | -€2,950 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €758 | €1,059 | +€302 | +39.8% |
| Other operating charges | 640/8 | €881 | €977 | +€96 | +10.9% |
| Gross operating margin | 9900 | €7,644 | €14,402 | +€6,758 | +88.4% |
| Operating profit (loss) | 9901 | €6,005 | €12,365 | +€6,360 | +106% |
| Financial charges | 65/66B | €1,619 | €1,668 | +€49 | +3.0% |
| Recurring financial charges | 65 | €1,619 | €1,668 | +€49 | +3.0% |
| Profit (loss) for the period before taxes | 9903 | €4,386 | €10,697 | +€6,311 | +144% |
| Income taxes | 67/77 | €2,018 | €4,422 | +€2,404 | +119% |
| Profit (loss) for the period | 9904 | €2,368 | €6,275 | +€3,907 | +165% |
| Profit (loss) for the period to be appropriated | 9905 | €2,368 | €6,275 | +€3,907 | +165% |
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 23 October 2026 via checked.be.