SML TRANS: 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.
SML TRANS
Largest movements
- Tangible fixed assets -€76,881
down €76,881 (-29.8%), from €258,319 to €181,438
of which Leasing and similar rights: -€70,785
- Cash +€21,908
up €21,908 (+2785.3%), from €787 to €22,695
mainly Depreciation (+€79,454) and Tax, wage and social debts (+€34,619)
- Receivables within one year -€20,428
down €20,428 (-10.8%), from €189,605 to €169,177
of which Trade receivables: -€48,225
- Debts after one year -€66,914
down €66,914 (-48.8%), from €137,061 to €70,147
- Tax, wage and social debts +€34,619
up €34,619 (+24.9%), from €138,912 to €173,532
of which Remuneration and social security: +€27,721
- Trade debts -€29,274
down €29,274 (-60.2%), from €48,615 to €19,341
- Profit (loss) carried forward -€17,409
down €17,409 (-29.3%), from €59,328 to €41,920
- Current portion of long-term debt +€4,776
up €4,776 (+7.8%), from €61,393 to €66,169
- Staff costs +€43,707
up €43,707 (+17.9%), from €244,554 to €288,260
- Gross operating margin +€29,344
up €29,344 (+7.8%), from €374,666 to €404,010
- Depreciation +€9,919
up €9,919 (+14.3%), from €69,536 to €79,454
- Other operating charges +€8,055
up €8,055 (+50.4%), from €15,997 to €24,052
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 | €455,309 | €381,108 | -€74,201 | -16.3% |
| Fixed assets | 21/28 | €258,319 | €181,438 | -€76,881 | -29.8% |
| Tangible fixed assets | 22/27 | €258,319 | €181,438 | -€76,881 | -29.8% |
| Furniture and vehicles | 24 | €18,010 | €11,914 | -€6,096 | -33.8% |
| Leasing and similar rights | 25 | €240,308 | €169,523 | -€70,785 | -29.5% |
| Current assets | 29/58 | €196,991 | €199,671 | +€2,680 | +1.4% |
| Amounts receivable within one year | 40/41 | €189,605 | €169,177 | -€20,428 | -10.8% |
| Trade receivables | 40 | €167,950 | €119,724 | -€48,225 | -28.7% |
| Other amounts receivable | 41 | €21,655 | €49,452 | +€27,797 | +128.4% |
| Cash at bank and in hand | 54/58 | €787 | €22,695 | +€21,908 | +2785.3% |
| Deferred charges and accrued income | 490/1 | €6,600 | €7,799 | +€1,200 | +18.2% |
| Total equity and liabilities | 10/49 | €455,309 | €381,108 | -€74,201 | -16.3% |
| Equity | 10/15 | €69,328 | €51,920 | -€17,409 | -25.1% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €59,328 | €41,920 | -€17,409 | -29.3% |
| Amounts payable | 17/49 | €385,981 | €329,189 | -€56,792 | -14.7% |
| Amounts payable after more than one year | 17 | €137,061 | €70,147 | -€66,914 | -48.8% |
| Financial debts | 170/4 | €137,061 | €70,147 | -€66,914 | -48.8% |
| Amounts payable within one year | 42/48 | €248,920 | €259,042 | +€10,122 | +4.1% |
| Current portion of amounts payable after more than one year | 42 | €61,393 | €66,169 | +€4,776 | +7.8% |
| Trade debts | 44 | €48,615 | €19,341 | -€29,274 | -60.2% |
| Suppliers | 440/4 | €48,615 | €19,341 | -€29,274 | -60.2% |
| Taxes, remuneration and social security | 45 | €138,912 | €173,532 | +€34,619 | +24.9% |
| Taxes | 450/3 | €68,633 | €75,531 | +€6,898 | +10.1% |
| Remuneration and social security | 454/9 | €70,279 | €98,000 | +€27,721 | +39.4% |
| Remuneration, social security and pensions | 62 | €244,554 | €288,260 | +€43,707 | +17.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €69,536 | €79,454 | +€9,919 | +14.3% |
| Other operating charges | 640/8 | €15,997 | €24,052 | +€8,055 | +50.4% |
| Gross operating margin | 9900 | €374,666 | €404,010 | +€29,344 | +7.8% |
| Operating profit (loss) | 9901 | €44,579 | €12,243 | -€32,336 | -72.5% |
| Financial income | 75/76B | €125 | €1,722 | +€1,598 | +1282.2% |
| Recurring financial income | 75 | €125 | €1,722 | +€1,598 | +1282.2% |
| Financial charges | 65/66B | €29,026 | €27,030 | -€1,996 | -6.9% |
| Recurring financial charges | 65 | €29,026 | €27,030 | -€1,996 | -6.9% |
| Profit (loss) for the period before taxes | 9903 | €15,678 | -€13,065 | -€28,742 | |
| Income taxes | 67/77 | €5,605 | €4,344 | -€1,261 | -22.5% |
| Profit (loss) for the period | 9904 | €10,073 | -€17,409 | -€27,481 | |
| Profit (loss) for the period to be appropriated | 9905 | €10,073 | -€17,409 | -€27,481 |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 11 October 2026 via checked.be.