SMOD: 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.
SMOD
Largest movements
- Receivables within one year +€522,198
up €522,198 (+21.7%), from €2.4m to €2.9m
- Financial fixed assets -€200,000
down €200,000 (-11.8%), from €1.7m to €1.5m
- Profit (loss) carried forward +€2.1m
up €2.1m, from -€21,467 to €2.1m
- Other debts -€1.8m
down €1.8m (-43.9%), from €4.1m to €2.3m
- Financial income +€2.2m
new in 2025: €2.2m
- Financial charges +€113,189
up €113,189 (+383.4%), from €29,523 to €142,712
- Gross operating margin +€22,251
up €22,251 (+28.9%), from €77,110 to €99,361
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 | €4,095,760 | €4,418,024 | +€322,263 | +7.9% |
| Fixed assets | 21/28 | €1,693,000 | €1,493,000 | -€200,000 | -11.8% |
| Financial fixed assets | 28 | €1,693,000 | €1,493,000 | -€200,000 | -11.8% |
| Current assets | 29/58 | €2,402,760 | €2,925,024 | +€522,263 | +21.7% |
| Amounts receivable within one year | 40/41 | €2,402,741 | €2,924,940 | +€522,198 | +21.7% |
| Other amounts receivable | 41 | €2,402,741 | €2,924,940 | +€522,198 | +21.7% |
| Cash at bank and in hand | 54/58 | €19 | €84 | +€65 | +342.8% |
| Total equity and liabilities | 10/49 | €4,095,760 | €4,418,024 | +€322,263 | +7.9% |
| Equity | 10/15 | €8,533 | €2,125,183 | +€2.1m | +24805.0% |
| Contributions | 10/11 | €30,000 | €30,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€21,467 | €2,095,183 | +€2.1m | |
| Amounts payable | 17/49 | €4,087,227 | €2,292,841 | -€1.8m | -43.9% |
| Amounts payable within one year | 42/48 | €4,087,227 | €2,292,841 | -€1.8m | -43.9% |
| Trade debts | 44 | €454 | - | -€454 | |
| Suppliers | 440/4 | €454 | - | -€454 | |
| Other amounts payable | 47/48 | €4,086,774 | €2,292,841 | -€1.8m | -43.9% |
| Gross operating margin | 9900 | €77,110 | €99,361 | +€22,251 | +28.9% |
| Operating profit (loss) | 9901 | €77,110 | €99,361 | +€22,251 | +28.9% |
| Financial income | 75/76B | - | €2,160,000 | +€2.2m | |
| Recurring financial income | 75 | - | €2,160,000 | +€2.2m | |
| Financial charges | 65/66B | €29,523 | €142,712 | +€113,189 | +383.4% |
| Recurring financial charges | 65 | €29,523 | €142,712 | +€113,189 | +383.4% |
| Profit (loss) for the period before taxes | 9903 | €47,587 | €2,116,650 | +€2.1m | +4347.9% |
| Profit (loss) for the period | 9904 | €47,587 | €2,116,650 | +€2.1m | +4347.9% |
| Profit (loss) for the period to be appropriated | 9905 | €47,587 | €2,116,650 | +€2.1m | +4347.9% |
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 30 September 2026 via checked.be.