SMITH AND WILLIAMS: 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.
SMITH AND WILLIAMS
Largest movements
- Receivables within one year +€6,451
up €6,451 (+23.6%), from €27,318 to €33,769
of which Other amounts receivable: +€6,642
- Tangible fixed assets +€1,838
up €1,838 (+513%), from €358 to €2,196
of which Other tangible fixed assets: +€2,196
- Cash -€1,612
down €1,612 (-83.6%), from €1,930 to €317
mainly Receivables within one year (-€6,451) and Investment in fixed assets (net) (-€2,208)
- Tax, wage and social debts +€10,319
up €10,319 (+72.3%), from €14,277 to €24,597
of which Taxes: +€8,814
- Profit (loss) carried forward -€1,499
down €1,499 (-104%), from -€1,444 to -€2,943
- Trade debts -€1,432
down €1,432 (-19.1%), from €7,504 to €6,072
- Other debts -€908
down €908 (-79.9%), from €1,137 to €228
- Short-term financial debts +€403
up €403 (+23.8%), from €1,697 to €2,100
- Gross operating margin -€10,407
down €10,407, from €8,631 to -€1,777
- Financial income +€6,103
up €6,103 (+272%), from €2,243 to €8,346
of which Non-recurring financial income: +€6,154
- Other operating charges +€836
up €836 (+46.7%), from €1,792 to €2,628
- Taxes -€531
down €531 (-19.7%), from €2,691 to €2,160
- Financial charges +€142
up €142 (+5.1%), from €2,768 to €2,910
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 | €31,245 | €38,128 | +€6,883 | +22.0% |
| Formation expenses | 20 | €0 | €0 | = | |
| Fixed assets | 21/28 | €358 | €2,196 | +€1,838 | +513% |
| Tangible fixed assets | 22/27 | €358 | €2,196 | +€1,838 | +513% |
| Furniture and vehicles | 24 | €358 | €0 | -€358 | -100% |
| Other tangible fixed assets | 26 | - | €2,196 | +€2,196 | |
| Current assets | 29/58 | €30,886 | €35,932 | +€5,045 | +16.3% |
| Amounts receivable within one year | 40/41 | €27,318 | €33,769 | +€6,451 | +23.6% |
| Trade receivables | 40 | €3,558 | €3,367 | -€190 | -5.4% |
| Other amounts receivable | 41 | €23,760 | €30,402 | +€6,642 | +28.0% |
| Cash at bank and in hand | 54/58 | €1,930 | €317 | -€1,612 | -83.6% |
| Deferred charges and accrued income | 490/1 | €1,639 | €1,846 | +€206 | +12.6% |
| Total equity and liabilities | 10/49 | €31,245 | €38,128 | +€6,883 | +22.0% |
| Equity | 10/15 | €6,630 | €5,131 | -€1,499 | -22.6% |
| Contributions | 10/11 | €6,214 | €6,214 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€1,444 | -€2,943 | -€1,499 | -104% |
| Amounts payable | 17/49 | €24,615 | €32,997 | +€8,382 | +34.1% |
| Amounts payable within one year | 42/48 | €24,615 | €32,997 | +€8,382 | +34.1% |
| Financial debts | 43 | €1,697 | €2,100 | +€403 | +23.8% |
| Credit institutions | 430/8 | €1,697 | €2,100 | +€403 | +23.8% |
| Trade debts | 44 | €7,504 | €6,072 | -€1,432 | -19.1% |
| Suppliers | 440/4 | €7,504 | €6,072 | -€1,432 | -19.1% |
| Taxes, remuneration and social security | 45 | €14,277 | €24,597 | +€10,319 | +72.3% |
| Taxes | 450/3 | €14,277 | €23,092 | +€8,814 | +61.7% |
| Remuneration and social security | 454/9 | - | €1,505 | +€1,505 | |
| Other amounts payable | 47/48 | €1,137 | €228 | -€908 | -79.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €462 | €370 | -€92 | -19.8% |
| Other operating charges | 640/8 | €1,792 | €2,628 | +€836 | +46.7% |
| Gross operating margin | 9900 | €8,631 | -€1,777 | -€10,407 | |
| Operating profit (loss) | 9901 | €6,377 | -€4,775 | -€11,152 | |
| Financial income | 75/76B | €2,243 | €8,346 | +€6,103 | +272% |
| Recurring financial income | 75 | €2,243 | €2,192 | -€51 | -2.3% |
| Non-recurring financial income | 76B | - | €6,154 | +€6,154 | |
| Financial charges | 65/66B | €2,768 | €2,910 | +€142 | +5.1% |
| Recurring financial charges | 65 | €2,768 | €2,910 | +€142 | +5.1% |
| Profit (loss) for the period before taxes | 9903 | €5,852 | €661 | -€5,192 | -88.7% |
| Income taxes | 67/77 | €2,691 | €2,160 | -€531 | -19.7% |
| Profit (loss) for the period | 9904 | €3,161 | -€1,499 | -€4,660 | |
| Profit (loss) for the period to be appropriated | 9905 | €3,161 | -€1,499 | -€4,660 |
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 20 October 2026 via checked.be.