SMY services: 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.
SMY services
Largest movements
- Receivables within one year -€6,166
down €6,166 (-99.1%), from €6,220 to €54
of which Trade receivables: -€4,808
- Tangible fixed assets -€3,253
down €3,253 (-44.4%), from €7,320 to €4,067
- Cash -€816
down €816 (-56.3%), from €1,449 to €633
mainly Net result for the year (-€14,679) and Trade debts (-€472)
- Profit (loss) carried forward -€14,679
down €14,679 (-125%), from -€11,765 to -€26,444
- Other debts +€4,927
up €4,927 (+21.2%), from €23,270 to €28,197
- Trade debts -€472
no longer reported in 2025 (was €472)
- Gross operating margin -€1,910
down €1,910 (-20.6%), from -€9,292 to -€11,202
- Depreciation +€813
up €813 (+33.3%), from €2,440 to €3,253
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 | €14,989 | €4,753 | -€10,236 | -68.3% |
| Fixed assets | 21/28 | €7,320 | €4,067 | -€3,253 | -44.4% |
| Tangible fixed assets | 22/27 | €7,320 | €4,067 | -€3,253 | -44.4% |
| Plant, machinery and equipment | 23 | €7,320 | €4,067 | -€3,253 | -44.4% |
| Current assets | 29/58 | €7,669 | €686 | -€6,982 | -91.0% |
| Amounts receivable within one year | 40/41 | €6,220 | €54 | -€6,166 | -99.1% |
| Trade receivables | 40 | €4,808 | - | -€4,808 | |
| Other amounts receivable | 41 | €1,412 | €54 | -€1,358 | -96.2% |
| Cash at bank and in hand | 54/58 | €1,449 | €633 | -€816 | -56.3% |
| Total equity and liabilities | 10/49 | €14,989 | €4,753 | -€10,236 | -68.3% |
| Equity | 10/15 | -€8,765 | -€23,444 | -€14,679 | -167% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€11,765 | -€26,444 | -€14,679 | -125% |
| Amounts payable | 17/49 | €23,754 | €28,197 | +€4,443 | +18.7% |
| Amounts payable within one year | 42/48 | €23,741 | €28,197 | +€4,456 | +18.8% |
| Trade debts | 44 | €472 | - | -€472 | |
| Suppliers | 440/4 | €472 | - | -€472 | |
| Other amounts payable | 47/48 | €23,270 | €28,197 | +€4,927 | +21.2% |
| Accrued charges and deferred income | 492/3 | €13 | - | -€13 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,440 | €3,253 | +€813 | +33.3% |
| Other operating charges | 640/8 | - | €100 | +€100 | |
| Gross operating margin | 9900 | -€9,292 | -€11,202 | -€1,910 | -20.6% |
| Operating profit (loss) | 9901 | -€11,732 | -€14,555 | -€2,823 | -24.1% |
| Financial charges | 65/66B | €33 | €124 | +€90 | +271% |
| Recurring financial charges | 65 | €33 | €124 | +€90 | +271% |
| Profit (loss) for the period before taxes | 9903 | -€11,765 | -€14,679 | -€2,913 | -24.8% |
| Profit (loss) for the period | 9904 | -€11,765 | -€14,679 | -€2,913 | -24.8% |
| Profit (loss) for the period to be appropriated | 9905 | -€11,765 | -€14,679 | -€2,913 | -24.8% |
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 13 October 2026 via checked.be.