SMPI: 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.
SMPI
Largest movements
- Receivables within one year -€87,541
down €87,541 (-30.9%), from €283,368 to €195,826
of which Trade receivables: -€87,541
- Stocks and contracts +€24,847
up €24,847 (+60.4%), from €41,122 to €65,969
- Cash -€14,454
down €14,454 (-17.3%), from €83,311 to €68,857
mainly Trade debts (-€107,486) and Investment in fixed assets (net) (-€41,143)
- Trade debts -€107,486
down €107,486 (-56.7%), from €189,471 to €81,985
- Other debts +€70,055
up €70,055 (+140%), from €50,000 to €120,055
- Debts after one year -€36,365
down €36,365 (-35.9%), from €101,179 to €64,813
- Reserves +€20,300
up €20,300 (+20.1%), from €101,100 to €121,400
- Tax, wage and social debts -€16,437
down €16,437 (-16.4%), from €100,036 to €83,599
of which Taxes: -€21,184
- Staff costs +€72,441
up €72,441 (+17.0%), from €425,884 to €498,325
- Gross operating margin -€57,290
down €57,290 (-9.1%), from €630,154 to €572,865
- Write-downs -€9,876
down €9,876 (-100%), from €9,876 to €0
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 | €651,426 | €583,279 | -€68,147 | -10.5% |
| Fixed assets | 21/28 | €243,625 | €248,188 | +€4,563 | +1.9% |
| Tangible fixed assets | 22/27 | €243,625 | €248,188 | +€4,563 | +1.9% |
| Plant, machinery and equipment | 23 | €62,353 | €89,575 | +€27,222 | +43.7% |
| Leasing and similar rights | 25 | €181,272 | €158,613 | -€22,659 | -12.5% |
| Current assets | 29/58 | €407,800 | €335,091 | -€72,709 | -17.8% |
| Stocks and contracts in progress | 3 | €41,122 | €65,969 | +€24,847 | +60.4% |
| Stocks | 30/36 | €41,122 | €65,969 | +€24,847 | +60.4% |
| Amounts receivable within one year | 40/41 | €283,368 | €195,826 | -€87,541 | -30.9% |
| Trade receivables | 40 | €283,368 | €195,826 | -€87,541 | -30.9% |
| Other amounts receivable | 41 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €83,311 | €68,857 | -€14,454 | -17.3% |
| Deferred charges and accrued income | 490/1 | - | €4,439 | +€4,439 | |
| Total equity and liabilities | 10/49 | €651,426 | €583,279 | -€68,147 | -10.5% |
| Equity | 10/15 | €176,121 | €196,461 | +€20,340 | +11.5% |
| Contributions | 10/11 | €75,000 | €75,000 | = | 0.0% |
| Contributions outside capital | 11 | €75,000 | €75,000 | = | 0.0% |
| Other | 1109/19 | €75,000 | €75,000 | = | 0.0% |
| Reserves | 13 | €101,100 | €121,400 | +€20,300 | +20.1% |
| Distributable reserves | 133 | €101,100 | €121,400 | +€20,300 | +20.1% |
| Profit (loss) carried forward | 14 | €21 | €61 | +€40 | +196% |
| Amounts payable | 17/49 | €475,305 | €386,818 | -€88,487 | -18.6% |
| Amounts payable after more than one year | 17 | €101,179 | €64,813 | -€36,365 | -35.9% |
| Financial debts | 170/4 | €101,179 | €64,813 | -€36,365 | -35.9% |
| Amounts payable within one year | 42/48 | €374,127 | €322,005 | -€52,122 | -13.9% |
| Current portion of amounts payable after more than one year | 42 | €34,620 | €36,365 | +€1,746 | +5.0% |
| Trade debts | 44 | €189,471 | €81,985 | -€107,486 | -56.7% |
| Suppliers | 440/4 | €189,471 | €81,985 | -€107,486 | -56.7% |
| Taxes, remuneration and social security | 45 | €100,036 | €83,599 | -€16,437 | -16.4% |
| Taxes | 450/3 | €59,082 | €37,898 | -€21,184 | -35.9% |
| Remuneration and social security | 454/9 | €40,954 | €45,701 | +€4,748 | +11.6% |
| Other amounts payable | 47/48 | €50,000 | €120,055 | +€70,055 | +140% |
| Remuneration, social security and pensions | 62 | €425,884 | €498,325 | +€72,441 | +17.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €31,847 | €36,581 | +€4,733 | +14.9% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €9,876 | €0 | -€9,876 | -100% |
| Other operating charges | 640/8 | €1,643 | €2,389 | +€746 | +45.4% |
| Gross operating margin | 9900 | €630,154 | €572,865 | -€57,290 | -9.1% |
| Operating profit (loss) | 9901 | €160,903 | €35,570 | -€125,333 | -77.9% |
| Financial income | 75/76B | €2 | €165 | +€163 | +9,167% |
| Recurring financial income | 75 | €2 | €165 | +€163 | +9,167% |
| Non-recurring financial income | 76B | €0 | - | = | |
| Financial charges | 65/66B | €16,469 | €12,246 | -€4,224 | -25.6% |
| Recurring financial charges | 65 | €16,469 | €12,246 | -€4,224 | -25.6% |
| Profit (loss) for the period before taxes | 9903 | €144,436 | €23,489 | -€120,947 | -83.7% |
| Income taxes | 67/77 | €2,774 | €3,149 | +€375 | +13.5% |
| Profit (loss) for the period | 9904 | €141,662 | €20,340 | -€121,322 | -85.6% |
| Profit (loss) for the period to be appropriated | 9905 | €141,662 | €20,340 | -€121,322 | -85.6% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 13 October 2026 via checked.be.