SMK SERVICES: 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 SERVICES
Largest movements
- Cash -€10,490
down €10,490 (-48.8%), from €21,511 to €11,022
mainly Contributions, distributions and other (-€20,000) and Trade debts (-€1,076)
- Receivables within one year -€9,971
down €9,971 (-51.3%), from €19,440 to €9,469
of which Other amounts receivable: -€15,769
- Contributions -€20,000
no longer reported in 2025 (was €20,000)
- Profit (loss) carried forward +€1,543
up €1,543 (+24.8%), from €6,216 to €7,759
- Trade debts -€1,076
down €1,076 (-48.8%), from €2,204 to €1,127
- Advances received -€545
down €545 (-53.6%), from €1,016 to €472
- Gross operating margin -€5,692
down €5,692 (-57.1%), from €9,963 to €4,271
- Taxes -€1,170
down €1,170 (-31.7%), from €3,697 to €2,527
- Financial income -€846
down €846 (-97.6%), from €867 to €21
- Other operating charges -€546
down €546 (-81.4%), from €671 to €125
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.
Cash bridge derived
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 | €40,952 | €20,491 | -€20,461 | -50.0% |
| Current assets | 29/58 | €40,952 | €20,491 | -€20,461 | -50.0% |
| Amounts receivable within one year | 40/41 | €19,440 | €9,469 | -€9,971 | -51.3% |
| Trade receivables | 40 | €3,671 | €9,469 | +€5,798 | +157.9% |
| Other amounts receivable | 41 | €15,769 | - | -€15,769 | |
| Cash at bank and in hand | 54/58 | €21,511 | €11,022 | -€10,490 | -48.8% |
| Total equity and liabilities | 10/49 | €40,952 | €20,491 | -€20,461 | -50.0% |
| Equity | 10/15 | €28,216 | €9,759 | -€18,457 | -65.4% |
| Contributions | 10/11 | €20,000 | - | -€20,000 | |
| Reserves | 13 | €2,000 | €2,000 | = | 0.0% |
| Non-distributable reserves | 130/1 | €2,000 | €2,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €6,216 | €7,759 | +€1,543 | +24.8% |
| Amounts payable | 17/49 | €12,736 | €10,732 | -€2,004 | -15.7% |
| Amounts payable within one year | 42/48 | €12,736 | €10,732 | -€2,004 | -15.7% |
| Trade debts | 44 | €2,204 | €1,127 | -€1,076 | -48.8% |
| Suppliers | 440/4 | €2,204 | €1,127 | -€1,076 | -48.8% |
| Advances received on contracts in progress | 46 | €1,016 | €472 | -€545 | -53.6% |
| Taxes, remuneration and social security | 45 | €9,516 | €9,133 | -€383 | -4.0% |
| Taxes | 450/3 | €9,516 | €9,133 | -€383 | -4.0% |
| Other operating charges | 640/8 | €671 | €125 | -€546 | -81.4% |
| Gross operating margin | 9900 | €9,963 | €4,271 | -€5,692 | -57.1% |
| Operating profit (loss) | 9901 | €9,292 | €4,146 | -€5,146 | -55.4% |
| Financial income | 75/76B | €867 | €21 | -€846 | -97.6% |
| Recurring financial income | 75 | €867 | €21 | -€846 | -97.6% |
| Financial charges | 65/66B | €72 | €97 | +€25 | +34.8% |
| Recurring financial charges | 65 | €72 | €97 | +€25 | +34.8% |
| Profit (loss) for the period before taxes | 9903 | €10,087 | €4,070 | -€6,017 | -59.6% |
| Income taxes | 67/77 | €3,697 | €2,527 | -€1,170 | -31.7% |
| Profit (loss) for the period | 9904 | €6,389 | €1,543 | -€4,846 | -75.8% |
| Profit (loss) for the period to be appropriated | 9905 | €6,389 | €1,543 | -€4,846 | -75.8% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.