SMV Consult: 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.
SMV Consult
Largest movements
- Receivables within one year -€86,680
down €86,680 (-53.5%), from €161,985 to €75,305
of which Other amounts receivable: -€86,680
- Tangible fixed assets -€54,108
down €54,108 (-6.6%), from €824,005 to €769,897
of which Land and buildings: -€53,599
- Cash -€30,985
down €30,985 (-98.6%), from €31,424 to €439
mainly Debts after one year (-€74,705) and Other debts (-€54,057)
- Debts after one year -€74,705
down €74,705 (-61.0%), from €122,405 to €47,700
- Other debts -€54,057
down €54,057 (-53.6%), from €100,910 to €46,853
- Short-term financial debts -€23,842
down €23,842 (-24.2%), from €98,547 to €74,705
- Reserves -€17,892
down €17,892 (-8.1%), from €220,778 to €202,886
of which Tax-exempt reserves: -€17,892
- Profit (loss) carried forward +€17,041
up €17,041 (+16.9%), from €100,792 to €117,832
- Gross operating margin -€44,305
down €44,305 (-37.2%), from €119,113 to €74,808
- Write-downs -€13,288
down €13,288, from €6,644 to -€6,644
- Taxes -€12,509
down €12,509 (-66.2%), from €18,892 to €6,383
- Other operating charges +€9,005
up €9,005 (+98.7%), from €9,122 to €18,127
- Depreciation +€1,621
up €1,621 (+3.1%), from €52,488 to €54,108
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 | €1,019,476 | €848,439 | -€171,037 | -16.8% |
| Fixed assets | 21/28 | €824,005 | €769,897 | -€54,108 | -6.6% |
| Tangible fixed assets | 22/27 | €824,005 | €769,897 | -€54,108 | -6.6% |
| Land and buildings | 22 | €822,826 | €769,227 | -€53,599 | -6.5% |
| Furniture and vehicles | 24 | €1,179 | €669 | -€510 | -43.2% |
| Current assets | 29/58 | €195,471 | €78,542 | -€116,929 | -59.8% |
| Amounts receivable within one year | 40/41 | €161,985 | €75,305 | -€86,680 | -53.5% |
| Trade receivables | 40 | €0 | - | = | |
| Other amounts receivable | 41 | €161,985 | €75,305 | -€86,680 | -53.5% |
| Cash at bank and in hand | 54/58 | €31,424 | €439 | -€30,985 | -98.6% |
| Deferred charges and accrued income | 490/1 | €2,062 | €2,798 | +€736 | +35.7% |
| Total equity and liabilities | 10/49 | €1,019,476 | €848,439 | -€171,037 | -16.8% |
| Equity | 10/15 | €598,219 | €597,367 | -€852 | -0.1% |
| Contributions | 10/11 | €276,649 | €276,649 | = | 0.0% |
| Capital | 10 | €276,649 | €276,649 | = | 0.0% |
| Issued capital | 100 | €276,649 | €276,649 | = | 0.0% |
| Reserves | 13 | €220,778 | €202,886 | -€17,892 | -8.1% |
| Non-distributable reserves | 130/1 | €9,026 | €9,026 | = | 0.0% |
| Legal reserve | 130 | €9,026 | €9,026 | = | 0.0% |
| Tax-exempt reserves | 132 | €211,752 | €193,860 | -€17,892 | -8.4% |
| Profit (loss) carried forward | 14 | €100,792 | €117,832 | +€17,041 | +16.9% |
| Provisions and deferred taxes | 16 | €70,584 | €64,620 | -€5,964 | -8.4% |
| Deferred taxes | 168 | €70,584 | €64,620 | -€5,964 | -8.4% |
| Amounts payable | 17/49 | €350,674 | €186,452 | -€164,222 | -46.8% |
| Amounts payable after more than one year | 17 | €122,405 | €47,700 | -€74,705 | -61.0% |
| Financial debts | 170/4 | €122,405 | €47,700 | -€74,705 | -61.0% |
| Amounts payable within one year | 42/48 | €228,268 | €137,827 | -€90,442 | -39.6% |
| Financial debts | 43 | €98,547 | €74,705 | -€23,842 | -24.2% |
| Credit institutions | 430/8 | €98,547 | €74,705 | -€23,842 | -24.2% |
| Trade debts | 44 | €9,919 | €9,886 | -€33 | -0.3% |
| Suppliers | 440/4 | €9,919 | €9,886 | -€33 | -0.3% |
| Taxes, remuneration and social security | 45 | €18,892 | €6,383 | -€12,509 | -66.2% |
| Taxes | 450/3 | €18,892 | €6,383 | -€12,509 | -66.2% |
| Other amounts payable | 47/48 | €100,910 | €46,853 | -€54,057 | -53.6% |
| Accrued charges and deferred income | 492/3 | €0 | €925 | +€925 | |
| Non-recurring operating income | 76A | €54,406 | €0 | -€54,406 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €52,488 | €54,108 | +€1,621 | +3.1% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €6,644 | -€6,644 | -€13,288 | |
| Other operating charges | 640/8 | €9,122 | €18,127 | +€9,005 | +98.7% |
| Gross operating margin | 9900 | €119,113 | €74,808 | -€44,305 | -37.2% |
| Operating profit (loss) | 9901 | €50,859 | €9,216 | -€41,642 | -81.9% |
| Financial income | 75/76B | - | €3 | +€3 | |
| Recurring financial income | 75 | - | €3 | +€3 | |
| Financial charges | 65/66B | €10,937 | €9,652 | -€1,284 | -11.7% |
| Recurring financial charges | 65 | €10,937 | €9,652 | -€1,284 | -11.7% |
| Profit (loss) for the period before taxes | 9903 | €39,922 | -€433 | -€40,355 | |
| Transfer from deferred taxes | 780 | €8,001 | €5,964 | -€2,037 | -25.5% |
| Income taxes | 67/77 | €18,892 | €6,383 | -€12,509 | -66.2% |
| Profit (loss) for the period | 9904 | €29,031 | -€852 | -€29,882 | |
| Transfer from tax-exempt reserves | 789 | €24,003 | €17,892 | -€6,111 | -25.5% |
| Profit (loss) for the period to be appropriated | 9905 | €53,034 | €17,041 | -€35,993 | -67.9% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 18 October 2026 via checked.be.