SMS GLOBAL LOGISTICS: 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.
SMS GLOBAL LOGISTICS
Largest movements
- Cash -€1,397
down €1,397 (-46.3%), from €3,015 to €1,618
mainly Debts after one year (-€135,809) and Investment in fixed assets (net) (-€1,200)
- Financial fixed assets +€1,200
new in 2025: €1,200
- Receivables within one year -€313
down €313 (-11.9%), from €2,630 to €2,317
of which Other amounts receivable: -€405
- Debts after one year -€135,809
down €135,809 (-100%), from €135,809 to €0
- Contributions +€95,000
up €95,000 (+511%), from €18,600 to €113,600
- Profit (loss) carried forward +€36,942
up €36,942 (+24.6%), from -€149,919 to -€112,977
- Trade debts +€2,069
up €2,069 (+179%), from €1,155 to €3,224
- Other debts +€1,288
new in 2025: €1,288
- Gross operating margin +€42,763
up €42,763, from -€5,696 to €37,066
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 | €5,645 | €5,134 | -€510 | -9.0% |
| Fixed assets | 21/28 | €0 | €1,200 | +€1,200 | |
| Tangible fixed assets | 22/27 | €0 | - | = | |
| Furniture and vehicles | 24 | €0 | - | = | |
| Financial fixed assets | 28 | - | €1,200 | +€1,200 | |
| Current assets | 29/58 | €5,645 | €3,934 | -€1,710 | -30.3% |
| Amounts receivable within one year | 40/41 | €2,630 | €2,317 | -€313 | -11.9% |
| Trade receivables | 40 | €1,430 | €1,522 | +€92 | +6.4% |
| Other amounts receivable | 41 | €1,200 | €795 | -€405 | -33.8% |
| Cash at bank and in hand | 54/58 | €3,015 | €1,618 | -€1,397 | -46.3% |
| Total equity and liabilities | 10/49 | €5,645 | €5,134 | -€510 | -9.0% |
| Equity | 10/15 | -€131,319 | €623 | +€131,942 | |
| Contributions | 10/11 | €18,600 | €113,600 | +€95,000 | +511% |
| Profit (loss) carried forward | 14 | -€149,919 | -€112,977 | +€36,942 | +24.6% |
| Amounts payable | 17/49 | €136,964 | €4,512 | -€132,452 | -96.7% |
| Amounts payable after more than one year | 17 | €135,809 | €0 | -€135,809 | -100% |
| Financial debts | 170/4 | €135,809 | €0 | -€135,809 | -100% |
| Amounts payable within one year | 42/48 | €1,155 | €4,512 | +€3,357 | +291% |
| Trade debts | 44 | €1,155 | €3,224 | +€2,069 | +179% |
| Suppliers | 440/4 | €1,155 | €3,224 | +€2,069 | +179% |
| Other amounts payable | 47/48 | - | €1,288 | +€1,288 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €241 | €0 | -€241 | -100% |
| Gross operating margin | 9900 | -€5,696 | €37,066 | +€42,763 | |
| Operating profit (loss) | 9901 | -€5,937 | €37,066 | +€43,004 | |
| Financial charges | 65/66B | €131 | €125 | -€7 | -5.0% |
| Recurring financial charges | 65 | €131 | €125 | -€7 | -5.0% |
| Profit (loss) for the period before taxes | 9903 | -€6,068 | €36,942 | +€43,010 | |
| Profit (loss) for the period | 9904 | -€6,068 | €36,942 | +€43,010 | |
| Profit (loss) for the period to be appropriated | 9905 | -€6,068 | €36,942 | +€43,010 |
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 17 October 2026 via checked.be.