SMTHG: 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.
SMTHG
Largest movements
- Cash -€16,210
down €16,210 (-24.3%), from €66,816 to €50,606
mainly Contributions, distributions and other (-€10,000) and Receivables within one year (-€7,727)
- Receivables within one year +€7,727
up €7,727 (+37.4%), from €20,654 to €28,380
of which Trade receivables: +€6,500
- Tangible fixed assets +€964
up €964 (+54.5%), from €1,768 to €2,733
- Profit (loss) carried forward -€11,727
down €11,727 (-21.2%), from €55,232 to €43,505
- Other debts +€7,652
up €7,652 (+326%), from €2,348 to €10,000
- Tax, wage and social debts -€7,425
down €7,425 (-69.6%), from €10,670 to €3,245
- Trade debts +€3,190
up €3,190 (+342%), from €932 to €4,122
- Gross operating margin -€21,038
down €21,038 (-98.1%), from €21,437 to €399
- Taxes -€5,276
down €5,276 (-97.4%), from €5,417 to €141
- Other operating charges -€1,082
down €1,082 (-60.2%), from €1,796 to €714
- Financial charges -€468
down €468 (-40.7%), from €1,150 to €682
- Depreciation +€259
up €259 (+71.0%), from €364 to €623
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 | €89,642 | €81,956 | -€7,686 | -8.6% |
| Fixed assets | 21/28 | €1,858 | €2,733 | +€875 | +47.1% |
| Tangible fixed assets | 22/27 | €1,768 | €2,733 | +€964 | +54.5% |
| Furniture and vehicles | 24 | €1,768 | €2,733 | +€964 | +54.5% |
| Financial fixed assets | 28 | €90 | - | -€90 | |
| Current assets | 29/58 | €87,784 | €79,224 | -€8,561 | -9.8% |
| Amounts receivable within one year | 40/41 | €20,654 | €28,380 | +€7,727 | +37.4% |
| Trade receivables | 40 | €20,654 | €27,154 | +€6,500 | +31.5% |
| Other amounts receivable | 41 | - | €1,226 | +€1,226 | |
| Current investments | 50/53 | €100 | €100 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €66,816 | €50,606 | -€16,210 | -24.3% |
| Deferred charges and accrued income | 490/1 | €215 | €137 | -€78 | -36.3% |
| Total equity and liabilities | 10/49 | €89,642 | €81,956 | -€7,686 | -8.6% |
| Equity | 10/15 | €75,692 | €63,965 | -€11,727 | -15.5% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €55,232 | €43,505 | -€11,727 | -21.2% |
| Amounts payable | 17/49 | €13,951 | €17,991 | +€4,041 | +29.0% |
| Amounts payable within one year | 42/48 | €13,951 | €17,991 | +€4,041 | +29.0% |
| Financial debts | 43 | - | €624 | +€624 | |
| Credit institutions | 430/8 | - | €624 | +€624 | |
| Trade debts | 44 | €932 | €4,122 | +€3,190 | +342% |
| Suppliers | 440/4 | €932 | €4,122 | +€3,190 | +342% |
| Taxes, remuneration and social security | 45 | €10,670 | €3,245 | -€7,425 | -69.6% |
| Taxes | 450/3 | €10,670 | €3,245 | -€7,425 | -69.6% |
| Other amounts payable | 47/48 | €2,348 | €10,000 | +€7,652 | +326% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €364 | €623 | +€259 | +71.0% |
| Other operating charges | 640/8 | €1,796 | €714 | -€1,082 | -60.2% |
| Non-recurring operating charges | 66A | €427 | - | -€427 | |
| Gross operating margin | 9900 | €21,437 | €399 | -€21,038 | -98.1% |
| Operating profit (loss) | 9901 | €18,849 | -€938 | -€19,787 | |
| Financial income | 75/76B | - | €34 | +€34 | |
| Recurring financial income | 75 | - | €34 | +€34 | |
| Financial charges | 65/66B | €1,150 | €682 | -€468 | -40.7% |
| Recurring financial charges | 65 | €1,150 | €682 | -€468 | -40.7% |
| Profit (loss) for the period before taxes | 9903 | €17,699 | -€1,586 | -€19,285 | |
| Income taxes | 67/77 | €5,417 | €141 | -€5,276 | -97.4% |
| Profit (loss) for the period | 9904 | €12,282 | -€1,727 | -€14,009 | |
| Profit (loss) for the period to be appropriated | 9905 | €12,282 | -€1,727 | -€14,009 |
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 14 October 2026 via checked.be.