SMP Training: 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 Training
Largest movements
- Cash +€14,968
up €14,968 (+18.0%), from €83,076 to €98,044
mainly Net result for the year (+€10,978) and Investment in fixed assets (net) (+€7,028)
- Receivables within one year +€11,224
up €11,224 (+66.7%), from €16,831 to €28,055
of which Other amounts receivable: +€8,758
- Tangible fixed assets -€8,441
down €8,441 (-69.4%), from €12,159 to €3,718
of which Plant, machinery and equipment: -€10,457
- Intangible fixed assets -€5,062
down €5,062 (-40.1%), from €12,610 to €7,548
- Deferred charges and accrued income +€1,747
up €1,747 (+89.7%), from €1,948 to €3,695
- Reserves +€10,978
up €10,978 (+10.7%), from €102,804 to €113,782
of which Distributable reserves: +€10,978
- Trade debts +€3,950
up €3,950 (+94.0%), from €4,204 to €8,154
- Gross operating margin -€16,456
down €16,456 (-17.7%), from €93,111 to €76,655
- Taxes -€5,281
down €5,281 (-36.7%), from €14,404 to €9,123
- Financial charges +€4,070
up €4,070 (+426.0%), from €955 to €5,026
- Depreciation -€2,885
down €2,885 (-30.8%), from €9,360 to €6,475
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 | €126,623 | €141,059 | +€14,436 | +11.4% |
| Fixed assets | 21/28 | €24,769 | €11,266 | -€13,503 | -54.5% |
| Intangible fixed assets | 21 | €12,610 | €7,548 | -€5,062 | -40.1% |
| Tangible fixed assets | 22/27 | €12,159 | €3,718 | -€8,441 | -69.4% |
| Plant, machinery and equipment | 23 | €10,567 | €109 | -€10,457 | -99.0% |
| Furniture and vehicles | 24 | €1,592 | €3,609 | +€2,017 | +126.6% |
| Current assets | 29/58 | €101,854 | €129,793 | +€27,939 | +27.4% |
| Amounts receivable within one year | 40/41 | €16,831 | €28,055 | +€11,224 | +66.7% |
| Trade receivables | 40 | €10,366 | €12,832 | +€2,466 | +23.8% |
| Other amounts receivable | 41 | €6,465 | €15,223 | +€8,758 | +135.5% |
| Cash at bank and in hand | 54/58 | €83,076 | €98,044 | +€14,968 | +18.0% |
| Deferred charges and accrued income | 490/1 | €1,948 | €3,695 | +€1,747 | +89.7% |
| Total equity and liabilities | 10/49 | €126,623 | €141,059 | +€14,436 | +11.4% |
| Equity | 10/15 | €104,804 | €115,782 | +€10,978 | +10.5% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €102,804 | €113,782 | +€10,978 | +10.7% |
| Non-distributable reserves | 130/1 | €200 | €200 | = | 0.0% |
| Reserves not available under the articles | 1311 | €200 | €200 | = | 0.0% |
| Distributable reserves | 133 | €102,604 | €113,582 | +€10,978 | +10.7% |
| Amounts payable | 17/49 | €21,819 | €25,277 | +€3,458 | +15.8% |
| Amounts payable within one year | 42/48 | €21,819 | €25,277 | +€3,458 | +15.8% |
| Trade debts | 44 | €4,204 | €8,154 | +€3,950 | +94.0% |
| Suppliers | 440/4 | €4,204 | €8,154 | +€3,950 | +94.0% |
| Taxes, remuneration and social security | 45 | €11,534 | €10,873 | -€662 | -5.7% |
| Taxes | 450/3 | €4,017 | €5,420 | +€1,404 | +34.9% |
| Remuneration and social security | 454/9 | €7,518 | €5,452 | -€2,065 | -27.5% |
| Other amounts payable | 47/48 | €6,081 | €6,251 | +€170 | +2.8% |
| Remuneration, social security and pensions | 62 | €42,595 | €43,084 | +€490 | +1.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,360 | €6,475 | -€2,885 | -30.8% |
| Other operating charges | 640/8 | €2,115 | €2,001 | -€115 | -5.4% |
| Gross operating margin | 9900 | €93,111 | €76,655 | -€16,456 | -17.7% |
| Operating profit (loss) | 9901 | €39,040 | €25,094 | -€13,946 | -35.7% |
| Financial income | 75/76B | €8 | €32 | +€24 | +302.4% |
| Recurring financial income | 75 | €8 | €32 | +€24 | +302.4% |
| Financial charges | 65/66B | €955 | €5,026 | +€4,070 | +426.0% |
| Recurring financial charges | 65 | €955 | €5,026 | +€4,070 | +426.0% |
| Profit (loss) for the period before taxes | 9903 | €38,093 | €20,101 | -€17,992 | -47.2% |
| Income taxes | 67/77 | €14,404 | €9,123 | -€5,281 | -36.7% |
| Profit (loss) for the period | 9904 | €23,689 | €10,978 | -€12,711 | -53.7% |
| Profit (loss) for the period to be appropriated | 9905 | €23,689 | €10,978 | -€12,711 | -53.7% |
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 9 October 2026 via checked.be.