SMN979: 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.
SMN979
Largest movements
- Receivables within one year -€13,044
down €13,044 (-38.4%), from €33,954 to €20,909
of which Other amounts receivable: -€17,459
- Cash -€3,276
down €3,276 (-100.0%), from €3,276 to €0
mainly Net result for the year (-€11,998) and Tax, wage and social debts (-€11,186)
- Tangible fixed assets -€2,059
down €2,059 (-100.0%), from €2,059 to €0
- Profit (loss) carried forward -€11,998
down €11,998 (-280.8%), from -€4,273 to -€16,271
- Tax, wage and social debts -€11,186
down €11,186 (-96.7%), from €11,565 to €379
- Trade debts +€3,411
up €3,411 (+73.2%), from €4,659 to €8,070
- Short-term financial debts +€1,154
new in 2025: €1,154
- Gross operating margin -€5,491
down €5,491 (-2022.1%), from -€272 to -€5,762
- Taxes +€2,365
up €2,365 (+165.5%), from €1,429 to €3,794
- Depreciation -€896
down €896 (-100.0%), from €896 to €0
- Other operating charges +€571
up €571 (+59.0%), from €967 to €1,538
- Financial charges -€409
down €409 (-31.1%), from €1,313 to €904
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 | €91,850 | €73,230 | -€18,620 | -20.3% |
| Fixed assets | 21/28 | €2,059 | €0 | -€2,059 | -100.0% |
| Tangible fixed assets | 22/27 | €2,059 | €0 | -€2,059 | -100.0% |
| Furniture and vehicles | 24 | €2,059 | €0 | -€2,059 | -100.0% |
| Current assets | 29/58 | €89,791 | €73,230 | -€16,561 | -18.4% |
| Amounts receivable after more than one year | 29 | €52,321 | €52,321 | = | 0.0% |
| Other amounts receivable | 291 | €52,321 | €52,321 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €33,954 | €20,909 | -€13,044 | -38.4% |
| Trade receivables | 40 | - | €4,414 | +€4,414 | |
| Other amounts receivable | 41 | €33,954 | €16,495 | -€17,459 | -51.4% |
| Cash at bank and in hand | 54/58 | €3,276 | €0 | -€3,276 | -100.0% |
| Deferred charges and accrued income | 490/1 | €240 | €0 | -€240 | -100.0% |
| Total equity and liabilities | 10/49 | €91,850 | €73,230 | -€18,620 | -20.3% |
| Equity | 10/15 | €75,626 | €63,628 | -€11,998 | -15.9% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €73,699 | €73,699 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €71,839 | €71,839 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€4,273 | -€16,271 | -€11,998 | -280.8% |
| Amounts payable | 17/49 | €16,225 | €9,603 | -€6,622 | -40.8% |
| Amounts payable within one year | 42/48 | €16,225 | €9,603 | -€6,622 | -40.8% |
| Financial debts | 43 | - | €1,154 | +€1,154 | |
| Credit institutions | 430/8 | - | €1,154 | +€1,154 | |
| Trade debts | 44 | €4,659 | €8,070 | +€3,411 | +73.2% |
| Suppliers | 440/4 | €4,659 | €8,070 | +€3,411 | +73.2% |
| Taxes, remuneration and social security | 45 | €11,565 | €379 | -€11,186 | -96.7% |
| Taxes | 450/3 | €11,565 | €379 | -€11,186 | -96.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €896 | €0 | -€896 | -100.0% |
| Other operating charges | 640/8 | €967 | €1,538 | +€571 | +59.0% |
| Gross operating margin | 9900 | -€272 | -€5,762 | -€5,491 | -2022.1% |
| Operating profit (loss) | 9901 | -€2,135 | -€7,300 | -€5,165 | -241.9% |
| Financial income | 75/76B | €20 | €0 | -€20 | -98.2% |
| Recurring financial income | 75 | €20 | €0 | -€20 | -98.2% |
| Financial charges | 65/66B | €1,313 | €904 | -€409 | -31.1% |
| Recurring financial charges | 65 | €1,313 | €904 | -€409 | -31.1% |
| Profit (loss) for the period before taxes | 9903 | -€3,427 | -€8,204 | -€4,777 | -139.4% |
| Income taxes | 67/77 | €1,429 | €3,794 | +€2,365 | +165.5% |
| Profit (loss) for the period | 9904 | -€4,857 | -€11,998 | -€7,141 | -147.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€4,857 | -€11,998 | -€7,141 | -147.0% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.