SMT MANAGEMENT & CONSLTANCY: 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.
SMT MANAGEMENT & CONSLTANCY
Largest movements
- Cash +€128,123
up €128,123 (+50.3%), from €254,581 to €382,704
- Receivables after one year +€39,330
new in 2025: €39,330
- Receivables within one year +€5,303
up €5,303 (+22.9%), from €23,124 to €28,427
of which Other amounts receivable: +€10,306
- Reserves +€128,110
new in 2025: €128,110
- Profit (loss) carried forward +€40,672
up €40,672 (+16.6%), from €245,056 to €285,728
- Contributions +€10,000
up €10,000 (+2,000%), from €500 to €10,500
- Trade debts -€9,043
down €9,043 (-93.4%), from €9,680 to €637
- Gross operating margin +€32,941
up €32,941 (+40.1%), from €82,183 to €115,124
- Taxes +€11,670
up €11,670 (+63.1%), from €18,483 to €30,153
- Financial income +€9,757
new in 2025: €9,757
- Other operating charges +€1,481
up €1,481 (+675%), from €219 to €1,700
- Depreciation +€1,469
up €1,469 (+206%), from €715 to €2,184
From the 2023 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
A cash bridge needs two consecutive financial years: one year's result and depreciation cannot explain a change over several years. Pick two years that follow each other.
Every line side by side
| Line | Code | 2023 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €285,924 | €455,758 | +€169,834 | +59.4% |
| Fixed assets | 21/28 | €8,219 | €5,092 | -€3,127 | -38.0% |
| Tangible fixed assets | 22/27 | €7,856 | €4,729 | -€3,127 | -39.8% |
| Furniture and vehicles | 24 | €5,429 | €2,802 | -€2,626 | -48.4% |
| Other tangible fixed assets | 26 | €2,427 | €1,927 | -€500 | -20.6% |
| Financial fixed assets | 28 | €363 | €363 | = | 0.0% |
| Current assets | 29/58 | €277,706 | €450,666 | +€172,961 | +62.3% |
| Amounts receivable after more than one year | 29 | - | €39,330 | +€39,330 | |
| Trade receivables | 290 | - | €39,330 | +€39,330 | |
| Amounts receivable within one year | 40/41 | €23,124 | €28,427 | +€5,303 | +22.9% |
| Trade receivables | 40 | €21,864 | €16,861 | -€5,003 | -22.9% |
| Other amounts receivable | 41 | €1,260 | €11,566 | +€10,306 | +818% |
| Cash at bank and in hand | 54/58 | €254,581 | €382,704 | +€128,123 | +50.3% |
| Deferred charges and accrued income | 490/1 | - | €205 | +€205 | |
| Total equity and liabilities | 10/49 | €285,924 | €455,758 | +€169,834 | +59.4% |
| Equity | 10/15 | €245,556 | €424,337 | +€178,782 | +72.8% |
| Contributions | 10/11 | €500 | €10,500 | +€10,000 | +2,000% |
| Reserves | 13 | - | €128,110 | +€128,110 | |
| Distributable reserves | 133 | - | €128,110 | +€128,110 | |
| Profit (loss) carried forward | 14 | €245,056 | €285,728 | +€40,672 | +16.6% |
| Amounts payable | 17/49 | €40,369 | €31,421 | -€8,948 | -22.2% |
| Amounts payable within one year | 42/48 | €40,369 | €31,021 | -€9,347 | -23.2% |
| Trade debts | 44 | €9,680 | €637 | -€9,043 | -93.4% |
| Suppliers | 440/4 | €9,680 | €637 | -€9,043 | -93.4% |
| Taxes, remuneration and social security | 45 | €23,779 | €27,549 | +€3,770 | +15.9% |
| Taxes | 450/3 | €23,625 | €27,549 | +€3,924 | +16.6% |
| Remuneration and social security | 454/9 | €154 | - | -€154 | |
| Other amounts payable | 47/48 | €6,910 | €2,835 | -€4,075 | -59.0% |
| Accrued charges and deferred income | 492/3 | - | €400 | +€400 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €715 | €2,184 | +€1,469 | +206% |
| Other operating charges | 640/8 | €219 | €1,700 | +€1,481 | +675% |
| Gross operating margin | 9900 | €82,183 | €115,124 | +€32,941 | +40.1% |
| Operating profit (loss) | 9901 | €81,249 | €111,240 | +€29,991 | +36.9% |
| Financial income | 75/76B | - | €9,757 | +€9,757 | |
| Recurring financial income | 75 | - | €9,757 | +€9,757 | |
| Financial charges | 65/66B | €124 | €172 | +€48 | +38.6% |
| Recurring financial charges | 65 | €124 | €172 | +€48 | +38.6% |
| Profit (loss) for the period before taxes | 9903 | €81,125 | €120,825 | +€39,700 | +48.9% |
| Income taxes | 67/77 | €18,483 | €30,153 | +€11,670 | +63.1% |
| Profit (loss) for the period | 9904 | €62,642 | €90,672 | +€28,030 | +44.7% |
| Profit (loss) for the period to be appropriated | 9905 | €62,642 | €90,672 | +€28,030 | +44.7% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 27 October 2026 via checked.be.