SMURFIES: 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.
SMURFIES
Largest movements
- Receivables within one year +€115,565
up €115,565 (+951.5%), from €12,145 to €127,710
of which Trade receivables: +€107,962
- Tangible fixed assets +€88,742
up €88,742 (+41.4%), from €214,374 to €303,116
of which Furniture and vehicles: +€95,408
- Cash -€20,614
down €20,614 (-47.0%), from €43,843 to €23,229
mainly Receivables within one year (-€115,565) and Investment in fixed assets (net) (-€100,279)
- Trade debts +€97,312
up €97,312 (+2825.6%), from €3,444 to €100,756
- Debts after one year +€51,929
up €51,929 (+25.6%), from €203,095 to €255,024
- Current portion of long-term debt +€15,301
up €15,301 (+143.2%), from €10,683 to €25,984
- Tax, wage and social debts +€10,588
up €10,588 (+127.4%), from €8,313 to €18,901
of which Remuneration and social security: +€7,240
- Profit (loss) carried forward +€8,563
up €8,563 (+34.5%), from €24,827 to €33,390
- Staff costs +€37,597
new in 2024: €37,597
- Gross operating margin +€36,424
up €36,424 (+42.0%), from -€86,705 to -€50,281
- Purchases and services -€20,522
down €20,522 (-23.7%), from €86,705 to €66,183
- Turnover +€15,902
new in 2024: €15,902
- Financial income -€13,948
down €13,948 (-10.3%), from €135,505 to €121,557
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 | €270,362 | €454,055 | +€183,693 | +67.9% |
| Fixed assets | 21/28 | €214,374 | €303,116 | +€88,742 | +41.4% |
| Tangible fixed assets | 22/27 | €214,374 | €303,116 | +€88,742 | +41.4% |
| Land and buildings | 22 | €214,374 | €207,708 | -€6,666 | -3.1% |
| Furniture and vehicles | 24 | - | €95,408 | +€95,408 | |
| Current assets | 29/58 | €55,988 | €150,939 | +€94,951 | +169.6% |
| Amounts receivable within one year | 40/41 | €12,145 | €127,710 | +€115,565 | +951.5% |
| Trade receivables | 40 | - | €107,962 | +€107,962 | |
| Other amounts receivable | 41 | €12,145 | €19,748 | +€7,603 | +62.6% |
| Cash at bank and in hand | 54/58 | €43,843 | €23,229 | -€20,614 | -47.0% |
| Total equity and liabilities | 10/49 | €270,362 | €454,055 | +€183,693 | +67.9% |
| Equity | 10/15 | €44,827 | €53,390 | +€8,563 | +19.1% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €24,827 | €33,390 | +€8,563 | +34.5% |
| Amounts payable | 17/49 | €225,535 | €400,665 | +€175,130 | +77.7% |
| Amounts payable after more than one year | 17 | €203,095 | €255,024 | +€51,929 | +25.6% |
| Financial debts | 170/4 | €203,095 | €255,024 | +€51,929 | +25.6% |
| Amounts payable within one year | 42/48 | €22,440 | €145,641 | +€123,201 | +549.0% |
| Current portion of amounts payable after more than one year | 42 | €10,683 | €25,984 | +€15,301 | +143.2% |
| Trade debts | 44 | €3,444 | €100,756 | +€97,312 | +2825.6% |
| Suppliers | 440/4 | €3,444 | €100,756 | +€97,312 | +2825.6% |
| Taxes, remuneration and social security | 45 | €8,313 | €18,901 | +€10,588 | +127.4% |
| Taxes | 450/3 | €8,313 | €11,661 | +€3,348 | +40.3% |
| Remuneration and social security | 454/9 | - | €7,240 | +€7,240 | |
| Turnover | 70 | - | €15,902 | +€15,902 | |
| Goods, raw materials, services and sundry goods | 60/61 | €86,705 | €66,183 | -€20,522 | -23.7% |
| Remuneration, social security and pensions | 62 | - | €37,597 | +€37,597 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,626 | €11,537 | +€5,911 | +105.1% |
| Other operating charges | 640/8 | €485 | €325 | -€160 | -33.0% |
| Gross operating margin | 9900 | -€86,705 | -€50,281 | +€36,424 | +42.0% |
| Operating profit (loss) | 9901 | -€92,816 | -€99,740 | -€6,924 | -7.5% |
| Financial income | 75/76B | €135,505 | €121,557 | -€13,948 | -10.3% |
| Recurring financial income | 75 | €135,505 | €121,557 | -€13,948 | -10.3% |
| Financial charges | 65/66B | €9,549 | €9,906 | +€357 | +3.7% |
| Recurring financial charges | 65 | €9,549 | €9,906 | +€357 | +3.7% |
| Profit (loss) for the period before taxes | 9903 | €33,140 | €11,911 | -€21,229 | -64.1% |
| Income taxes | 67/77 | €8,313 | €3,348 | -€4,965 | -59.7% |
| Profit (loss) for the period | 9904 | €24,827 | €8,563 | -€16,264 | -65.5% |
| Profit (loss) for the period to be appropriated | 9905 | €24,827 | €8,563 | -€16,264 | -65.5% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 September 2026 via checked.be.