SMUK: 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.
SMUK
Largest movements
- Cash -€365,939
down €365,939 (-74.2%), from €493,052 to €127,113
mainly Contributions, distributions and other (-€419,448) and Trade debts (-€147,322)
- Receivables within one year +€85,211
up €85,211 (+82.7%), from €103,024 to €188,235
of which Other amounts receivable: +€49,937
- Stocks and contracts -€64,872
down €64,872 (-71.6%), from €90,612 to €25,740
- Deferred charges and accrued income -€63,303
down €63,303 (-34.3%), from €184,438 to €121,135
- Tangible fixed assets -€51,127
down €51,127 (-22.6%), from €225,875 to €174,747
of which Land and buildings: -€27,643
- Reserves -€358,795
down €358,795 (-49.3%), from €727,249 to €368,454
- Trade debts -€147,322
down €147,322 (-95.8%), from €153,819 to €6,496
- Other debts +€83,113
up €83,113 (+5768.2%), from €1,441 to €84,554
- Debts after one year -€40,000
down €40,000 (-40.0%), from €100,000 to €60,000
- Staff costs -€66,293
down €66,293 (-28.5%), from €232,962 to €166,669
- Taxes +€8,631
up €8,631 (+107.9%), from €8,000 to €16,631
- Gross operating margin -€4,747
down €4,747 (-1.6%), from €305,279 to €300,531
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,097,636 | €637,606 | -€460,030 | -41.9% |
| Fixed assets | 21/28 | €226,510 | €175,382 | -€51,127 | -22.6% |
| Tangible fixed assets | 22/27 | €225,875 | €174,747 | -€51,127 | -22.6% |
| Land and buildings | 22 | €179,435 | €151,792 | -€27,643 | -15.4% |
| Plant, machinery and equipment | 23 | €3,284 | €2,917 | -€367 | -11.2% |
| Furniture and vehicles | 24 | €43,156 | €20,038 | -€23,117 | -53.6% |
| Financial fixed assets | 28 | €635 | €635 | = | 0.0% |
| Current assets | 29/58 | €871,126 | €462,223 | -€408,903 | -46.9% |
| Stocks and contracts in progress | 3 | €90,612 | €25,740 | -€64,872 | -71.6% |
| Stocks | 30/36 | €90,612 | €25,740 | -€64,872 | -71.6% |
| Amounts receivable within one year | 40/41 | €103,024 | €188,235 | +€85,211 | +82.7% |
| Trade receivables | 40 | €49,837 | €85,112 | +€35,274 | +70.8% |
| Other amounts receivable | 41 | €53,187 | €103,124 | +€49,937 | +93.9% |
| Cash at bank and in hand | 54/58 | €493,052 | €127,113 | -€365,939 | -74.2% |
| Deferred charges and accrued income | 490/1 | €184,438 | €121,135 | -€63,303 | -34.3% |
| Total equity and liabilities | 10/49 | €1,097,636 | €637,606 | -€460,030 | -41.9% |
| Equity | 10/15 | €754,942 | €397,396 | -€357,546 | -47.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €727,249 | €368,454 | -€358,795 | -49.3% |
| Distributable reserves | 133 | €727,249 | €368,454 | -€358,795 | -49.3% |
| Profit (loss) carried forward | 14 | €9,093 | €10,342 | +€1,249 | +13.7% |
| Amounts payable | 17/49 | €342,694 | €240,210 | -€102,484 | -29.9% |
| Amounts payable after more than one year | 17 | €100,000 | €60,000 | -€40,000 | -40.0% |
| Financial debts | 170/4 | €100,000 | €60,000 | -€40,000 | -40.0% |
| Amounts payable within one year | 42/48 | €229,694 | €167,210 | -€62,484 | -27.2% |
| Current portion of amounts payable after more than one year | 42 | €40,000 | €40,000 | = | 0.0% |
| Trade debts | 44 | €153,819 | €6,496 | -€147,322 | -95.8% |
| Suppliers | 440/4 | €153,819 | €6,496 | -€147,322 | -95.8% |
| Advances received on contracts in progress | 46 | - | €36 | +€36 | |
| Taxes, remuneration and social security | 45 | €34,435 | €36,124 | +€1,689 | +4.9% |
| Taxes | 450/3 | €20,404 | €23,044 | +€2,640 | +12.9% |
| Remuneration and social security | 454/9 | €14,030 | €13,080 | -€951 | -6.8% |
| Other amounts payable | 47/48 | €1,441 | €84,554 | +€83,113 | +5768.2% |
| Accrued charges and deferred income | 492/3 | €13,000 | €13,000 | = | 0.0% |
| Remuneration, social security and pensions | 62 | €232,962 | €166,669 | -€66,293 | -28.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €51,168 | €51,127 | -€41 | -0.1% |
| Other operating charges | 640/8 | €2,548 | €3,945 | +€1,397 | +54.8% |
| Gross operating margin | 9900 | €305,279 | €300,531 | -€4,747 | -1.6% |
| Operating profit (loss) | 9901 | €18,601 | €78,791 | +€60,189 | +323.6% |
| Financial income | 75/76B | €1,879 | €2,211 | +€333 | +17.7% |
| Recurring financial income | 75 | €1,879 | €2,211 | +€333 | +17.7% |
| Financial charges | 65/66B | €3,547 | €2,469 | -€1,078 | -30.4% |
| Recurring financial charges | 65 | €3,023 | €2,469 | -€553 | -18.3% |
| Non-recurring financial charges | 66B | €524 | - | -€524 | |
| Profit (loss) for the period before taxes | 9903 | €16,933 | €78,533 | +€61,599 | +363.8% |
| Income taxes | 67/77 | €8,000 | €16,631 | +€8,631 | +107.9% |
| Profit (loss) for the period | 9904 | €8,933 | €61,901 | +€52,968 | +592.9% |
| Profit (loss) for the period to be appropriated | 9905 | €8,933 | €61,901 | +€52,968 | +592.9% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 11 October 2026 via checked.be.