SMM & CO: 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.
SMM & CO
Largest movements
- Stocks and contracts +€8,716
up €8,716 (+61.2%), from €14,248 to €22,963
- Receivables within one year -€2,298
down €2,298 (-99.7%), from €2,305 to €6
- Cash -€1,007
down €1,007 (-36.5%), from €2,756 to €1,750
mainly Stocks and contracts (-€8,716) and Tax, wage and social debts (-€2,251)
- Profit (loss) carried forward +€5,860
up €5,860 (+37.1%), from -€15,794 to -€9,935
- Other debts +€3,398
up €3,398 (+266%), from €1,277 to €4,674
- Tax, wage and social debts -€2,251
down €2,251 (-11.8%), from €19,062 to €16,812
of which Remuneration and social security: -€1,912
- Trade debts -€1,843
down €1,843 (-47.1%), from €3,911 to €2,068
- Turnover -€161,971
no longer reported in 2024 (was €161,971)
- Purchases and services -€118,238
no longer reported in 2024 (was €118,238)
- Gross operating margin +€15,237
up €15,237 (+34.8%), from €43,734 to €58,971
- Staff costs +€13,180
up €13,180 (+38.4%), from €34,326 to €47,506
- Financial charges -€1,990
down €1,990 (-42.4%), from €4,694 to €2,704
of which Non-recurring financial charges: -€1,339
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.
Derived cash bridge
Derived from the 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €27,056 | €32,219 | +€5,163 | +19.1% |
| Fixed assets | 21/28 | €7,747 | €7,500 | -€247 | -3.2% |
| Tangible fixed assets | 22/27 | €247 | - | -€247 | |
| Furniture and vehicles | 24 | €247 | - | -€247 | |
| Financial fixed assets | 28 | €7,500 | €7,500 | = | 0.0% |
| Current assets | 29/58 | €19,309 | €24,719 | +€5,411 | +28.0% |
| Stocks and contracts in progress | 3 | €14,248 | €22,963 | +€8,716 | +61.2% |
| Stocks | 30/36 | €14,248 | €22,963 | +€8,716 | +61.2% |
| Amounts receivable within one year | 40/41 | €2,305 | €6 | -€2,298 | -99.7% |
| Other amounts receivable | 41 | €2,305 | €6 | -€2,298 | -99.7% |
| Cash at bank and in hand | 54/58 | €2,756 | €1,750 | -€1,007 | -36.5% |
| Total equity and liabilities | 10/49 | €27,056 | €32,219 | +€5,163 | +19.1% |
| Equity | 10/15 | €2,806 | €8,665 | +€5,860 | +209% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€15,794 | -€9,935 | +€5,860 | +37.1% |
| Amounts payable | 17/49 | €24,250 | €23,554 | -€696 | -2.9% |
| Amounts payable within one year | 42/48 | €24,250 | €23,554 | -€696 | -2.9% |
| Trade debts | 44 | €3,911 | €2,068 | -€1,843 | -47.1% |
| Suppliers | 440/4 | €3,911 | €2,068 | -€1,843 | -47.1% |
| Taxes, remuneration and social security | 45 | €19,062 | €16,812 | -€2,251 | -11.8% |
| Taxes | 450/3 | €451 | €113 | -€338 | -74.9% |
| Remuneration and social security | 454/9 | €18,611 | €16,699 | -€1,912 | -10.3% |
| Other amounts payable | 47/48 | €1,277 | €4,674 | +€3,398 | +266% |
| Turnover | 70 | €161,971 | - | -€161,971 | |
| Goods, raw materials, services and sundry goods | 60/61 | €118,238 | - | -€118,238 | |
| Remuneration, social security and pensions | 62 | €34,326 | €47,506 | +€13,180 | +38.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,000 | €247 | -€753 | -75.3% |
| Other operating charges | 640/8 | €3,761 | €2,653 | -€1,107 | -29.4% |
| Gross operating margin | 9900 | €43,734 | €58,971 | +€15,237 | +34.8% |
| Operating profit (loss) | 9901 | €4,647 | €8,564 | +€3,917 | +84.3% |
| Financial income | 75/76B | €585 | €0 | -€585 | -100.0% |
| Recurring financial income | 75 | €482 | €0 | -€482 | -100.0% |
| Non-recurring financial income | 76B | €103 | €0 | -€103 | -99.8% |
| Financial charges | 65/66B | €4,694 | €2,704 | -€1,990 | -42.4% |
| Recurring financial charges | 65 | €2,819 | €2,169 | -€650 | -23.1% |
| Non-recurring financial charges | 66B | €1,875 | €535 | -€1,339 | -71.4% |
| Profit (loss) for the period before taxes | 9903 | €538 | €5,860 | +€5,322 | +990% |
| Profit (loss) for the period | 9904 | €538 | €5,860 | +€5,322 | +990% |
| Profit (loss) for the period to be appropriated | 9905 | €538 | €5,860 | +€5,322 | +990% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 27 October 2026 via checked.be.