SMAIL: what changed
SMAIL
Largest movements
- Cash -€332
down €332 (-5.6%), from €5,913 to €5,581
mainly Other debts (-€41,626) and Tax, wage and social debts (-€2,176)
- Tangible fixed assets -€289
down €289 (-2.7%), from €10,584 to €10,295
of which Furniture and vehicles: -€289
- Trade debts +€45,341
up €45,341 (+252%), from €18,020 to €63,361
- Other debts -€41,626
down €41,626 (-67.8%), from €61,376 to €19,750
- Tax, wage and social debts -€2,176
down €2,176 (-60.0%), from €3,624 to €1,448
- Profit (loss) carried forward -€2,160
down €2,160 (-3.0%), from -€72,723 to -€74,883
- Staff costs -€7,993
down €7,993 (-88.3%), from €9,052 to €1,059
- Financial charges +€4,069
up €4,069 (+1,359%), from €299 to €4,368
- Other operating charges +€1,445
up €1,445 (+2,265%), from €64 to €1,509
- Gross operating margin -€374
down €374 (-6.9%), from €5,438 to €5,064
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €16,496 | €15,875 | -€621 | -3.8% |
| Fixed assets | 21/28 | €10,584 | €10,295 | -€289 | -2.7% |
| Tangible fixed assets | 22/27 | €10,584 | €10,295 | -€289 | -2.7% |
| Plant, machinery and equipment | 23 | €7,443 | €7,443 | = | 0.0% |
| Furniture and vehicles | 24 | €3,140 | €2,851 | -€289 | -9.2% |
| Current assets | 29/58 | €5,913 | €5,581 | -€332 | -5.6% |
| Cash at bank and in hand | 54/58 | €5,913 | €5,581 | -€332 | -5.6% |
| Total equity and liabilities | 10/49 | €16,496 | €15,875 | -€621 | -3.8% |
| Equity | 10/15 | -€66,523 | -€68,683 | -€2,160 | -3.2% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Capital | 10 | €6,200 | €6,200 | = | 0.0% |
| Issued capital | 100 | €18,600 | €18,600 | = | 0.0% |
| Uncalled capital | 101 | €12,400 | €12,400 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€72,723 | -€74,883 | -€2,160 | -3.0% |
| Amounts payable | 17/49 | €83,020 | €84,559 | +€1,539 | +1.9% |
| Amounts payable within one year | 42/48 | €83,020 | €84,559 | +€1,539 | +1.9% |
| Trade debts | 44 | €18,020 | €63,361 | +€45,341 | +252% |
| Suppliers | 440/4 | €18,020 | €63,361 | +€45,341 | +252% |
| Taxes, remuneration and social security | 45 | €3,624 | €1,448 | -€2,176 | -60.0% |
| Taxes | 450/3 | €3,624 | €1,448 | -€2,176 | -60.0% |
| Other amounts payable | 47/48 | €61,376 | €19,750 | -€41,626 | -67.8% |
| Remuneration, social security and pensions | 62 | €9,052 | €1,059 | -€7,993 | -88.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €289 | €289 | = | 0.0% |
| Other operating charges | 640/8 | €64 | €1,509 | +€1,445 | +2,265% |
| Gross operating margin | 9900 | €5,438 | €5,064 | -€374 | -6.9% |
| Operating profit (loss) | 9901 | -€3,966 | €2,208 | +€6,174 | |
| Financial income | 75/76B | - | €1 | +€1 | |
| Recurring financial income | 75 | - | €1 | +€1 | |
| Financial charges | 65/66B | €299 | €4,368 | +€4,069 | +1,359% |
| Recurring financial charges | 65 | €299 | €4,368 | +€4,069 | +1,359% |
| Profit (loss) for the period before taxes | 9903 | -€4,266 | -€2,160 | +€2,106 | +49.4% |
| Profit (loss) for the period | 9904 | -€4,266 | -€2,160 | +€2,106 | +49.4% |
| Profit (loss) for the period to be appropriated | 9905 | -€4,266 | -€2,160 | +€2,106 | +49.4% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 3 November 2026 via checked.be.