SMRS: 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.
SMRS
Largest movements
- Tangible fixed assets -€8,905
down €8,905 (-35.1%), from €25,378 to €16,473
- Cash -€5,458
down €5,458 (-59.3%), from €9,196 to €3,738
mainly Other debts (-€10,439) and Debts after one year (-€10,097)
- Receivables within one year -€2,950
down €2,950 (-46.7%), from €6,313 to €3,363
of which Trade receivables: -€2,850
- Other debts -€10,439
down €10,439 (-72.7%), from €14,364 to €3,925
- Debts after one year -€10,097
down €10,097 (-79.9%), from €12,631 to €2,534
- Tax, wage and social debts +€2,818
up €2,818 (+362%), from €779 to €3,597
- Other operating charges -€2,536
down €2,536 (-78.1%), from €3,248 to €712
- Taxes +€1,113
up €1,113 (+254%), from €439 to €1,551
- Financial charges +€506
up €506 (+130%), from €388 to €894
of which Financial charges: +€506
- Gross operating margin -€172
down €172 (-1.1%), from €15,171 to €14,999
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 | €40,887 | €23,574 | -€17,313 | -42.3% |
| Fixed assets | 21/28 | €25,378 | €16,473 | -€8,905 | -35.1% |
| Tangible fixed assets | 22/27 | €25,378 | €16,473 | -€8,905 | -35.1% |
| Furniture and vehicles | 24 | €25,378 | €16,473 | -€8,905 | -35.1% |
| Current assets | 29/58 | €15,509 | €7,101 | -€8,408 | -54.2% |
| Amounts receivable within one year | 40/41 | €6,313 | €3,363 | -€2,950 | -46.7% |
| Trade receivables | 40 | €6,213 | €3,363 | -€2,850 | -45.9% |
| Other amounts receivable | 41 | €100 | - | -€100 | |
| Cash at bank and in hand | 54/58 | €9,196 | €3,738 | -€5,458 | -59.3% |
| Total equity and liabilities | 10/49 | €40,887 | €23,574 | -€17,313 | -42.3% |
| Equity | 10/15 | €3,103 | €3,321 | +€219 | +7.0% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €103 | €321 | +€219 | +213% |
| Amounts payable | 17/49 | €37,785 | €20,253 | -€17,532 | -46.4% |
| Amounts payable after more than one year | 17 | €12,631 | €2,534 | -€10,097 | -79.9% |
| Financial debts | 170/4 | €12,631 | €2,534 | -€10,097 | -79.9% |
| Amounts payable within one year | 42/48 | €25,154 | €17,719 | -€7,435 | -29.6% |
| Current portion of amounts payable after more than one year | 42 | €10,011 | €10,097 | +€86 | +0.9% |
| Trade debts | 44 | - | €100 | +€100 | |
| Suppliers | 440/4 | - | €100 | +€100 | |
| Taxes, remuneration and social security | 45 | €779 | €3,597 | +€2,818 | +362% |
| Taxes | 450/3 | €779 | €3,597 | +€2,818 | +362% |
| Other amounts payable | 47/48 | €14,364 | €3,925 | -€10,439 | -72.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,622 | €11,622 | = | 0.0% |
| Other operating charges | 640/8 | €3,248 | €712 | -€2,536 | -78.1% |
| Gross operating margin | 9900 | €15,171 | €14,999 | -€172 | -1.1% |
| Operating profit (loss) | 9901 | €301 | €2,664 | +€2,364 | +786% |
| Financial charges | 65/66B | €388 | €894 | +€506 | +130% |
| Recurring financial charges | 65 | €388 | €894 | +€506 | +130% |
| Non-recurring financial charges | 66B | €388 | - | -€388 | |
| Profit (loss) for the period before taxes | 9903 | -€87 | €1,770 | +€1,857 | |
| Income taxes | 67/77 | €439 | €1,551 | +€1,113 | +254% |
| Profit (loss) for the period | 9904 | -€526 | €219 | +€744 | |
| Profit (loss) for the period to be appropriated | 9905 | -€526 | €219 | +€744 |
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 15 October 2026 via checked.be.