SMTHNG: 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.
SMTHNG
Largest movements
- Cash +€45,582
up €45,582 (+181.0%), from €25,184 to €70,765
mainly Other debts (+€55,052) and Net result for the year (+€43,263)
- Tangible fixed assets -€18,722
down €18,722 (-3.6%), from €514,352 to €495,630
of which Land and buildings: -€18,558
- Receivables within one year -€14,415
down €14,415 (-49.2%), from €29,271 to €14,855
of which Trade receivables: -€14,658
- Other debts +€55,052
up €55,052 (+306.5%), from €17,961 to €73,013
- Reserves -€29,750
down €29,750 (-14.4%), from €206,661 to €176,911
- Debts after one year -€21,054
down €21,054 (-6.2%), from €337,465 to €316,411
- Tax, wage and social debts +€7,087
up €7,087 (+129.3%), from €5,481 to €12,568
- Gross operating margin -€6,879
down €6,879 (-6.4%), from €108,237 to €101,359
- Taxes -€1,763
down €1,763 (-9.2%), from €19,181 to €17,417
- Depreciation +€1,549
up €1,549 (+7.4%), from €20,909 to €22,458
- Financial income +€1,142
up €1,142 (+559.1%), from €204 to €1,346
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
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 | €596,570 | €609,100 | +€12,529 | +2.1% |
| Fixed assets | 21/28 | €514,352 | €495,630 | -€18,722 | -3.6% |
| Tangible fixed assets | 22/27 | €514,352 | €495,630 | -€18,722 | -3.6% |
| Land and buildings | 22 | €514,188 | €495,630 | -€18,558 | -3.6% |
| Furniture and vehicles | 24 | €164 | €0 | -€164 | -100.0% |
| Current assets | 29/58 | €82,218 | €113,470 | +€31,252 | +38.0% |
| Amounts receivable within one year | 40/41 | €29,271 | €14,855 | -€14,415 | -49.2% |
| Trade receivables | 40 | €28,210 | €13,552 | -€14,658 | -52.0% |
| Other amounts receivable | 41 | €1,061 | €1,303 | +€243 | +22.9% |
| Current investments | 50/53 | €26,951 | €26,951 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €25,184 | €70,765 | +€45,582 | +181.0% |
| Deferred charges and accrued income | 490/1 | €812 | €897 | +€85 | +10.5% |
| Total equity and liabilities | 10/49 | €596,570 | €609,100 | +€12,529 | +2.1% |
| Equity | 10/15 | €211,661 | €181,911 | -€29,750 | -14.1% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €206,661 | €176,911 | -€29,750 | -14.4% |
| Distributable reserves | 133 | €206,661 | €176,911 | -€29,750 | -14.4% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €384,909 | €427,188 | +€42,280 | +11.0% |
| Amounts payable after more than one year | 17 | €337,465 | €316,411 | -€21,054 | -6.2% |
| Financial debts | 170/4 | €337,465 | €316,411 | -€21,054 | -6.2% |
| Amounts payable within one year | 42/48 | €47,444 | €110,777 | +€63,333 | +133.5% |
| Current portion of amounts payable after more than one year | 42 | €20,228 | €21,054 | +€825 | +4.1% |
| Financial debts | 43 | €532 | €656 | +€124 | +23.2% |
| Credit institutions | 430/8 | €532 | €656 | +€124 | +23.2% |
| Trade debts | 44 | €3,242 | €3,487 | +€245 | +7.6% |
| Suppliers | 440/4 | €3,242 | €3,487 | +€245 | +7.6% |
| Taxes, remuneration and social security | 45 | €5,481 | €12,568 | +€7,087 | +129.3% |
| Taxes | 450/3 | €5,481 | €12,568 | +€7,087 | +129.3% |
| Other amounts payable | 47/48 | €17,961 | €73,013 | +€55,052 | +306.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €20,909 | €22,458 | +€1,549 | +7.4% |
| Other operating charges | 640/8 | €1,770 | €1,824 | +€54 | +3.0% |
| Non-recurring operating charges | 66A | - | €33 | +€33 | |
| Gross operating margin | 9900 | €108,237 | €101,359 | -€6,879 | -6.4% |
| Operating profit (loss) | 9901 | €85,559 | €77,044 | -€8,515 | -10.0% |
| Financial income | 75/76B | €204 | €1,346 | +€1,142 | +559.1% |
| Recurring financial income | 75 | €204 | €1,346 | +€1,142 | +559.1% |
| Financial charges | 65/66B | €18,595 | €17,709 | -€886 | -4.8% |
| Recurring financial charges | 65 | €18,559 | €17,709 | -€849 | -4.6% |
| Non-recurring financial charges | 66B | €37 | €0 | -€37 | -100.0% |
| Profit (loss) for the period before taxes | 9903 | €67,167 | €60,681 | -€6,487 | -9.7% |
| Income taxes | 67/77 | €19,181 | €17,417 | -€1,763 | -9.2% |
| Profit (loss) for the period | 9904 | €47,987 | €43,263 | -€4,723 | -9.8% |
| Profit (loss) for the period to be appropriated | 9905 | €47,987 | €43,263 | -€4,723 | -9.8% |
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.