SMN GROUP: 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.
SMN GROUP
Largest movements
- Receivables within one year +€9,116
up €9,116 (+83.3%), from €10,947 to €20,063
of which Trade receivables: +€11,027
- Financial fixed assets +€3,000
new in 2025: €3,000
- Cash +€395
up €395 (+15.5%), from €2,550 to €2,945
mainly Trade debts (+€17,462) and Debts after one year (+€11,777)
- Trade debts +€17,462
new in 2025: €17,462
- Profit (loss) carried forward -€12,928
down €12,928, from €8,497 to -€4,431
- Debts after one year +€11,777
new in 2025: €11,777
- Other debts -€5,000
no longer reported in 2025 (was €5,000)
- Contributions +€1,200
new in 2025: €1,200
- Turnover -€91,000
no longer reported in 2025 (was €91,000)
- Purchases and services -€77,496
no longer reported in 2025 (was €77,496)
- Gross operating margin -€31,535
down €31,535, from €19,180 to -€12,355
- Staff costs -€5,677
no longer reported in 2025 (was €5,677)
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 | €13,497 | €26,008 | +€12,511 | +92.7% |
| Fixed assets | 21/28 | - | €3,000 | +€3,000 | |
| Financial fixed assets | 28 | - | €3,000 | +€3,000 | |
| Current assets | 29/58 | €13,497 | €23,008 | +€9,511 | +70.5% |
| Amounts receivable within one year | 40/41 | €10,947 | €20,063 | +€9,116 | +83.3% |
| Trade receivables | 40 | €9,033 | €20,060 | +€11,027 | +122% |
| Other amounts receivable | 41 | €1,914 | €3 | -€1,911 | -99.8% |
| Cash at bank and in hand | 54/58 | €2,550 | €2,945 | +€395 | +15.5% |
| Total equity and liabilities | 10/49 | €13,497 | €26,008 | +€12,511 | +92.7% |
| Equity | 10/15 | €8,497 | -€3,231 | -€11,728 | |
| Contributions | 10/11 | - | €1,200 | +€1,200 | |
| Profit (loss) carried forward | 14 | €8,497 | -€4,431 | -€12,928 | |
| Amounts payable | 17/49 | €5,000 | €29,239 | +€24,239 | +485% |
| Amounts payable after more than one year | 17 | - | €11,777 | +€11,777 | |
| Financial debts | 170/4 | - | €11,777 | +€11,777 | |
| Amounts payable within one year | 42/48 | €5,000 | €17,462 | +€12,462 | +249% |
| Trade debts | 44 | - | €17,462 | +€17,462 | |
| Suppliers | 440/4 | - | €17,462 | +€17,462 | |
| Other amounts payable | 47/48 | €5,000 | - | -€5,000 | |
| Turnover | 70 | €91,000 | - | -€91,000 | |
| Goods, raw materials, services and sundry goods | 60/61 | €77,496 | - | -€77,496 | |
| Remuneration, social security and pensions | 62 | €5,677 | - | -€5,677 | |
| Gross operating margin | 9900 | €19,180 | -€12,355 | -€31,535 | |
| Operating profit (loss) | 9901 | €13,503 | -€12,355 | -€25,858 | |
| Financial charges | 65/66B | €6 | €573 | +€567 | +9,450% |
| Recurring financial charges | 65 | €6 | €573 | +€567 | +9,450% |
| Profit (loss) for the period before taxes | 9903 | €13,497 | -€12,928 | -€26,425 | |
| Profit (loss) for the period | 9904 | €13,497 | -€12,928 | -€26,425 | |
| Profit (loss) for the period to be appropriated | 9905 | €13,497 | -€12,928 | -€26,425 |
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 26 October 2026 via checked.be.