SMJ CONSULT: 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.
SMJ CONSULT
Largest movements
- Receivables within one year +€12,444
up €12,444 (+5.3%), from €234,014 to €246,458
of which Trade receivables: +€18,150
- Cash -€3,533
down €3,533 (-54.3%), from €6,509 to €2,976
- Trade debts +€5,437
new in 2025: €5,437
- Other debts +€4,595
up €4,595 (+90.5%), from €5,080 to €9,675
- Gross operating margin -€112,746
down €112,746 (-98.6%), from €114,335 to €1,589
- Taxes -€28,323
down €28,323 (-98.0%), from €28,895 to €572
From the 2023 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
A cash bridge needs two consecutive financial years: one year's result and depreciation cannot explain a change over several years. Pick two years that follow each other.
Every line side by side
| Line | Code | 2023 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €240,523 | €251,418 | +€10,895 | +4.5% |
| Fixed assets | 21/28 | - | €934 | +€934 | |
| Tangible fixed assets | 22/27 | - | €934 | +€934 | |
| Plant, machinery and equipment | 23 | - | €934 | +€934 | |
| Current assets | 29/58 | €240,523 | €250,484 | +€9,961 | +4.1% |
| Stocks and contracts in progress | 3 | - | €1,050 | +€1,050 | |
| Contracts in progress | 37 | - | €1,050 | +€1,050 | |
| Amounts receivable within one year | 40/41 | €234,014 | €246,458 | +€12,444 | +5.3% |
| Trade receivables | 40 | - | €18,150 | +€18,150 | |
| Other amounts receivable | 41 | €234,014 | €228,308 | -€5,706 | -2.4% |
| Cash at bank and in hand | 54/58 | €6,509 | €2,976 | -€3,533 | -54.3% |
| Total equity and liabilities | 10/49 | €240,523 | €251,418 | +€10,895 | +4.5% |
| Equity | 10/15 | €235,443 | €235,464 | +€21 | 0.0% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Capital | 10 | €20,000 | €20,000 | = | 0.0% |
| Issued capital | 100 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €2,000 | €2,000 | = | 0.0% |
| Non-distributable reserves | 130/1 | €2,000 | €2,000 | = | 0.0% |
| Legal reserve | 130 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €213,443 | €213,464 | +€21 | 0.0% |
| Amounts payable | 17/49 | €5,080 | €15,954 | +€10,874 | +214% |
| Amounts payable within one year | 42/48 | €5,080 | €15,954 | +€10,874 | +214% |
| Trade debts | 44 | - | €5,437 | +€5,437 | |
| Suppliers | 440/4 | - | €5,437 | +€5,437 | |
| Taxes, remuneration and social security | 45 | - | €842 | +€842 | |
| Taxes | 450/3 | - | €842 | +€842 | |
| Other amounts payable | 47/48 | €5,080 | €9,675 | +€4,595 | +90.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €934 | +€934 | |
| Other operating charges | 640/8 | €204 | - | -€204 | |
| Gross operating margin | 9900 | €114,335 | €1,589 | -€112,746 | -98.6% |
| Operating profit (loss) | 9901 | €114,131 | €655 | -€113,476 | -99.4% |
| Financial charges | 65/66B | €163 | €62 | -€101 | -62.0% |
| Recurring financial charges | 65 | €145 | €11 | -€134 | -92.4% |
| Non-recurring financial charges | 66B | €18 | €51 | +€33 | +183% |
| Profit (loss) for the period before taxes | 9903 | €113,968 | €593 | -€113,375 | -99.5% |
| Income taxes | 67/77 | €28,895 | €572 | -€28,323 | -98.0% |
| Profit (loss) for the period | 9904 | €85,073 | €21 | -€85,052 | -100.0% |
| Profit (loss) for the period to be appropriated | 9905 | €85,073 | €21 | -€85,052 | -100.0% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 17 October 2026 via checked.be.