SMP: 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.
SMP
Largest movements
- Receivables within one year +€13,192
up €13,192, from €0 to €13,192
of which Trade receivables: +€12,692
- Stocks and contracts -€10,000
down €10,000 (-100.0%), from €10,000 to €0
- Cash -€1,663
down €1,663 (-3.5%), from €46,951 to €45,288
mainly Trade debts (-€29,620) and Receivables within one year (-€13,192)
- Other debts +€29,787
up €29,787 (+183.1%), from €16,271 to €46,057
- Trade debts -€29,620
down €29,620 (-98.2%), from €30,172 to €552
- Tax, wage and social debts +€3,844
up €3,844 (+256.1%), from €1,501 to €5,346
- Reserves -€2,757
down €2,757 (-56.2%), from €4,909 to €2,152
- Gross operating margin -€6,275
down €6,275, from €4,104 to -€2,171
- Taxes -€721
down €721 (-100.0%), from €721 to €0
From the 2025 result to the 2026 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 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €57,652 | €58,906 | +€1,254 | +2.2% |
| Formation expenses | 20 | €701 | €378 | -€324 | -46.2% |
| Current assets | 29/58 | €56,951 | €58,529 | +€1,578 | +2.8% |
| Stocks and contracts in progress | 3 | €10,000 | €0 | -€10,000 | -100.0% |
| Stocks | 30/36 | €10,000 | €0 | -€10,000 | -100.0% |
| Amounts receivable within one year | 40/41 | €0 | €13,192 | +€13,192 | |
| Trade receivables | 40 | - | €12,692 | +€12,692 | |
| Other amounts receivable | 41 | €0 | €500 | +€500 | |
| Cash at bank and in hand | 54/58 | €46,951 | €45,288 | -€1,663 | -3.5% |
| Deferred charges and accrued income | 490/1 | - | €49 | +€49 | |
| Total equity and liabilities | 10/49 | €57,652 | €58,906 | +€1,254 | +2.2% |
| Equity | 10/15 | €9,709 | €6,952 | -€2,757 | -28.4% |
| Contributions | 10/11 | €4,800 | €4,800 | = | 0.0% |
| Reserves | 13 | €4,909 | €2,152 | -€2,757 | -56.2% |
| Distributable reserves | 133 | €4,909 | €2,152 | -€2,757 | -56.2% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Amounts payable | 17/49 | €47,943 | €51,954 | +€4,011 | +8.4% |
| Amounts payable within one year | 42/48 | €47,943 | €51,954 | +€4,011 | +8.4% |
| Trade debts | 44 | €30,172 | €552 | -€29,620 | -98.2% |
| Suppliers | 440/4 | €30,172 | €552 | -€29,620 | -98.2% |
| Taxes, remuneration and social security | 45 | €1,501 | €5,346 | +€3,844 | +256.1% |
| Taxes | 450/3 | €1,501 | €5,346 | +€3,844 | +256.1% |
| Other amounts payable | 47/48 | €16,271 | €46,057 | +€29,787 | +183.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €324 | €324 | = | 0.0% |
| Other operating charges | 640/8 | €46 | €46 | = | 0.0% |
| Gross operating margin | 9900 | €4,104 | -€2,171 | -€6,275 | |
| Operating profit (loss) | 9901 | €3,735 | -€2,541 | -€6,275 | |
| Financial income | 75/76B | €0 | - | = | |
| Recurring financial income | 75 | €0 | - | = | |
| Financial charges | 65/66B | €184 | €216 | +€32 | +17.5% |
| Recurring financial charges | 65 | €184 | €216 | +€32 | +17.5% |
| Profit (loss) for the period before taxes | 9903 | €3,551 | -€2,757 | -€6,308 | |
| Income taxes | 67/77 | €721 | €0 | -€721 | -100.0% |
| Profit (loss) for the period | 9904 | €2,830 | -€2,757 | -€5,587 | |
| Profit (loss) for the period to be appropriated | 9905 | €2,830 | -€2,757 | -€5,587 |
Source: filed annual accounts (NBB), financial years ended 31 March 2025 and 31 March 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 9 October 2026 via checked.be.