SMJ 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.
SMJ Consulting
Largest movements
- Cash -€4,670
down €4,670 (-14.4%), from €32,509 to €27,839
mainly Contributions, distributions and other (-€105,798) and Deferred charges and accrued income (-€4,300)
- Deferred charges and accrued income +€4,300
up €4,300 (+36.6%), from €11,742 to €16,042
- Receivables within one year +€3,341
up €3,341 (+21.4%), from €15,603 to €18,944
of which Trade receivables: +€2,966
- Tangible fixed assets -€2,658
down €2,658 (-8.1%), from €32,847 to €30,189
- Stocks and contracts -€2,581
down €2,581 (-19.7%), from €13,081 to €10,500
- Other debts +€55,908
up €55,908 (+7,383%), from €757 to €56,665
- Reserves -€49,550
down €49,550 (-80.9%), from €61,225 to €11,675
of which Distributable reserves: -€49,550
- Tax, wage and social debts -€3,319
down €3,319 (-27.7%), from €11,977 to €8,658
- Short-term financial debts -€2,218
down €2,218 (-100%), from €2,218 to €0
- Debts after one year -€2,141
down €2,141 (-10.2%), from €20,930 to €18,789
- Gross operating margin +€1,009
up €1,009 (+1.3%), from €78,486 to €79,495
- Depreciation -€964
down €964 (-13.3%), from €7,239 to €6,276
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 | €105,781 | €103,514 | -€2,268 | -2.1% |
| Fixed assets | 21/28 | €32,847 | €30,189 | -€2,658 | -8.1% |
| Tangible fixed assets | 22/27 | €32,847 | €30,189 | -€2,658 | -8.1% |
| Land and buildings | 22 | €28,121 | €27,021 | -€1,100 | -3.9% |
| Plant, machinery and equipment | 23 | €441 | €144 | -€298 | -67.4% |
| Furniture and vehicles | 24 | €4,285 | €3,025 | -€1,260 | -29.4% |
| Current assets | 29/58 | €72,934 | €73,324 | +€390 | +0.5% |
| Amounts receivable after more than one year | 29 | €0 | - | = | |
| Other amounts receivable | 291 | €0 | - | = | |
| Stocks and contracts in progress | 3 | €13,081 | €10,500 | -€2,581 | -19.7% |
| Stocks | 30/36 | €13,081 | €10,500 | -€2,581 | -19.7% |
| Amounts receivable within one year | 40/41 | €15,603 | €18,944 | +€3,341 | +21.4% |
| Trade receivables | 40 | €15,603 | €18,569 | +€2,966 | +19.0% |
| Other amounts receivable | 41 | €0 | €375 | +€375 | |
| Cash at bank and in hand | 54/58 | €32,509 | €27,839 | -€4,670 | -14.4% |
| Deferred charges and accrued income | 490/1 | €11,742 | €16,042 | +€4,300 | +36.6% |
| Total equity and liabilities | 10/49 | €105,781 | €103,514 | -€2,268 | -2.1% |
| Equity | 10/15 | €66,225 | €16,675 | -€49,550 | -74.8% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €61,225 | €11,675 | -€49,550 | -80.9% |
| Tax-exempt reserves | 132 | €1,995 | €1,995 | = | 0.0% |
| Distributable reserves | 133 | €59,230 | €9,680 | -€49,550 | -83.7% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €39,556 | €86,838 | +€47,282 | +120% |
| Amounts payable after more than one year | 17 | €20,930 | €18,789 | -€2,141 | -10.2% |
| Financial debts | 170/4 | €20,930 | €18,789 | -€2,141 | -10.2% |
| Amounts payable within one year | 42/48 | €17,695 | €68,049 | +€50,354 | +285% |
| Current portion of amounts payable after more than one year | 42 | €2,019 | €2,141 | +€122 | +6.0% |
| Financial debts | 43 | €2,218 | €0 | -€2,218 | -100% |
| Credit institutions | 430/8 | €2,218 | €0 | -€2,218 | -100% |
| Trade debts | 44 | €724 | €585 | -€139 | -19.2% |
| Suppliers | 440/4 | €724 | €585 | -€139 | -19.2% |
| Taxes, remuneration and social security | 45 | €11,977 | €8,658 | -€3,319 | -27.7% |
| Taxes | 450/3 | €11,977 | €8,658 | -€3,319 | -27.7% |
| Other amounts payable | 47/48 | €757 | €56,665 | +€55,908 | +7,383% |
| Accrued charges and deferred income | 492/3 | €931 | €0 | -€931 | -100% |
| Non-recurring operating income | 76A | €13,081 | €1,535 | -€11,545 | -88.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,239 | €6,276 | -€964 | -13.3% |
| Other operating charges | 640/8 | €556 | €574 | +€18 | +3.2% |
| Gross operating margin | 9900 | €78,486 | €79,495 | +€1,009 | +1.3% |
| Operating profit (loss) | 9901 | €70,691 | €72,646 | +€1,955 | +2.8% |
| Financial income | 75/76B | €36 | €86 | +€50 | +137% |
| Recurring financial income | 75 | €36 | €86 | +€50 | +137% |
| Non-recurring financial income | 76B | €0 | - | = | |
| Financial charges | 65/66B | €1,678 | €1,756 | +€78 | +4.7% |
| Recurring financial charges | 65 | €1,678 | €1,756 | +€78 | +4.7% |
| Profit (loss) for the period before taxes | 9903 | €69,049 | €70,976 | +€1,927 | +2.8% |
| Income taxes | 67/77 | €14,369 | €14,728 | +€359 | +2.5% |
| Profit (loss) for the period | 9904 | €54,680 | €56,248 | +€1,568 | +2.9% |
| Profit (loss) for the period to be appropriated | 9905 | €54,680 | €56,248 | +€1,568 | +2.9% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 15 October 2026 via checked.be.