SMS Consulting: 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.
SMS Consulting
Largest movements
- Receivables within one year +€138,730
up €138,730 (+25.4%), from €546,999 to €685,729
of which Other amounts receivable: +€137,709
- Profit (loss) carried forward +€108,763
up €108,763 (+27.2%), from €399,637 to €508,400
- Tax, wage and social debts +€20,866
up €20,866 (+29.8%), from €70,039 to €90,906
- Other debts +€8,500
up €8,500 (+20.2%), from €42,050 to €50,550
- Gross operating margin +€8,364
up €8,364 (+7.2%), from €116,539 to €124,903
- Other operating charges -€4,221
down €4,221 (-78.3%), from €5,389 to €1,168
- Financial income +€3,592
up €3,592 (+12.6%), from €28,562 to €32,154
- Financial charges +€2,377
up €2,377 (+70.7%), from €3,364 to €5,741
- Taxes +€1,513
up €1,513 (+3.8%), from €39,315 to €40,828
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
Cash or the result is not a separate line in both sets of accounts; the cash flow cannot be derived from them.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €548,430 | €686,604 | +€138,174 | +25.2% |
| Fixed assets | 21/28 | €1,431 | €875 | -€557 | -38.9% |
| Tangible fixed assets | 22/27 | €1,431 | €875 | -€557 | -38.9% |
| Plant, machinery and equipment | 23 | €1,431 | €875 | -€557 | -38.9% |
| Current assets | 29/58 | €546,999 | €685,729 | +€138,730 | +25.4% |
| Amounts receivable within one year | 40/41 | €546,999 | €685,729 | +€138,730 | +25.4% |
| Trade receivables | 40 | €22,503 | €23,525 | +€1,022 | +4.5% |
| Other amounts receivable | 41 | €524,495 | €662,204 | +€137,709 | +26.3% |
| Total equity and liabilities | 10/49 | €548,430 | €686,604 | +€138,174 | +25.2% |
| Equity | 10/15 | €425,293 | €534,056 | +€108,763 | +25.6% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €19,456 | €19,456 | = | 0.0% |
| Tax-exempt reserves | 132 | €2,594 | €2,594 | = | 0.0% |
| Distributable reserves | 133 | €16,862 | €16,862 | = | 0.0% |
| Profit (loss) carried forward | 14 | €399,637 | €508,400 | +€108,763 | +27.2% |
| Amounts payable | 17/49 | €123,137 | €152,548 | +€29,410 | +23.9% |
| Amounts payable within one year | 42/48 | €122,966 | €152,548 | +€29,582 | +24.1% |
| Financial debts | 43 | €1,209 | €1,174 | -€34 | -2.8% |
| Credit institutions | 430/8 | €1,209 | €1,174 | -€34 | -2.8% |
| Trade debts | 44 | €9,668 | €9,918 | +€250 | +2.6% |
| Suppliers | 440/4 | €9,668 | €9,918 | +€250 | +2.6% |
| Taxes, remuneration and social security | 45 | €70,039 | €90,906 | +€20,866 | +29.8% |
| Taxes | 450/3 | €70,039 | €90,906 | +€20,866 | +29.8% |
| Other amounts payable | 47/48 | €42,050 | €50,550 | +€8,500 | +20.2% |
| Accrued charges and deferred income | 492/3 | €172 | - | -€172 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €239 | €557 | +€318 | +133.1% |
| Other operating charges | 640/8 | €5,389 | €1,168 | -€4,221 | -78.3% |
| Non-recurring operating charges | 66A | €1,520 | - | -€1,520 | |
| Gross operating margin | 9900 | €116,539 | €124,903 | +€8,364 | +7.2% |
| Operating profit (loss) | 9901 | €109,391 | €123,179 | +€13,787 | +12.6% |
| Financial income | 75/76B | €28,562 | €32,154 | +€3,592 | +12.6% |
| Recurring financial income | 75 | €28,562 | €32,154 | +€3,592 | +12.6% |
| Financial charges | 65/66B | €3,364 | €5,741 | +€2,377 | +70.7% |
| Recurring financial charges | 65 | €3,364 | €5,741 | +€2,377 | +70.7% |
| Profit (loss) for the period before taxes | 9903 | €134,590 | €149,591 | +€15,002 | +11.1% |
| Income taxes | 67/77 | €39,315 | €40,828 | +€1,513 | +3.8% |
| Profit (loss) for the period | 9904 | €95,275 | €108,763 | +€13,488 | +14.2% |
| Profit (loss) for the period to be appropriated | 9905 | €95,275 | €108,763 | +€13,488 | +14.2% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.