SMK: 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.
SMK
Largest movements
No asset line moved by more than 1% of the balance sheet total.
No liability line moved by more than 1% of the balance sheet total.
- Purchases and services -€1,809
no longer reported in 2024 (was €1,809)
- Gross operating margin +€534
up €534 (+29.5%), from -€1,809 to -€1,275
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.
Cash bridge derived
Cash or the result is not a separate line in both sets of accounts; the cash flow cannot be derived from them.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €994,301 | €994,301 | = | 0.0% |
| Fixed assets | 21/28 | €718,490 | €718,490 | = | 0.0% |
| Tangible fixed assets | 22/27 | €0 | €0 | = | |
| Plant, machinery and equipment | 23 | €0 | €0 | = | |
| Furniture and vehicles | 24 | €0 | €0 | = | |
| Financial fixed assets | 28 | €718,490 | €718,490 | = | 0.0% |
| Current assets | 29/58 | €275,811 | €275,811 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €273,491 | €273,491 | = | 0.0% |
| Trade receivables | 40 | €64,251 | €64,251 | = | 0.0% |
| Other amounts receivable | 41 | €209,241 | €209,241 | = | 0.0% |
| Deferred charges and accrued income | 490/1 | €2,319 | €2,319 | = | 0.0% |
| Total equity and liabilities | 10/49 | €994,301 | €994,301 | = | 0.0% |
| Equity | 10/15 | -€896,449 | -€897,724 | -€1,275 | -0.1% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Outside capital | 11 | - | €18,592 | +€18,592 | |
| Other | 1109/19 | - | €18,592 | +€18,592 | |
| Reserves | 13 | €81 | €81 | = | 0.0% |
| Non-distributable reserves | 130/1 | €81 | €81 | = | 0.0% |
| Reserves not available under the articles | 1311 | €81 | €81 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€915,121 | -€916,396 | -€1,275 | -0.1% |
| Amounts payable | 17/49 | €1,890,750 | €1,892,025 | +€1,275 | +0.1% |
| Amounts payable within one year | 42/48 | €1,890,750 | €1,892,025 | +€1,275 | +0.1% |
| Financial debts | 43 | €480,000 | €480,000 | = | 0.0% |
| Credit institutions | 430/8 | €480,000 | €480,000 | = | 0.0% |
| Trade debts | 44 | €181,798 | €183,073 | +€1,275 | +0.7% |
| Suppliers | 440/4 | €181,798 | €183,073 | +€1,275 | +0.7% |
| Other amounts payable | 47/48 | €1,228,952 | €1,228,952 | = | 0.0% |
| Goods, raw materials, services and sundry goods | 60/61 | €1,809 | - | -€1,809 | |
| Gross operating margin | 9900 | -€1,809 | -€1,275 | +€534 | +29.5% |
| Operating profit (loss) | 9901 | -€1,809 | -€1,275 | +€534 | +29.5% |
| Profit (loss) for the period before taxes | 9903 | -€1,809 | -€1,275 | +€534 | +29.5% |
| Profit (loss) for the period | 9904 | -€1,809 | -€1,275 | +€534 | +29.5% |
| Profit (loss) for the period to be appropriated | 9905 | -€1,809 | -€1,275 | +€534 | +29.5% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.