A Smart Move: 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.
A Smart Move
Largest movements
- Cash +€21,798
up €21,798 (+13.1%), from €165,930 to €187,727
mainly Net result for the year (+€45,050) and Depreciation (+€4,649)
- Tangible fixed assets +€9,308
up €9,308 (+62.1%), from €14,982 to €24,290
of which Other tangible fixed assets: +€9,887
- Reserves +€45,000
up €45,000 (+40.2%), from €111,960 to €156,960
- Other debts -€13,116
down €13,116 (-43.5%), from €30,124 to €17,008
- Gross operating margin -€18,198
down €18,198 (-19.8%), from €91,680 to €73,482
- Taxes -€6,485
down €6,485 (-21.7%), from €29,903 to €23,418
- Depreciation +€1,385
up €1,385 (+42.4%), from €3,265 to €4,649
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 | €205,912 | €236,865 | +€30,954 | +15.0% |
| Fixed assets | 21/28 | €14,982 | €24,290 | +€9,308 | +62.1% |
| Tangible fixed assets | 22/27 | €14,982 | €24,290 | +€9,308 | +62.1% |
| Land and buildings | 22 | €7,034 | €6,280 | -€755 | -10.7% |
| Plant, machinery and equipment | 23 | - | €1,501 | +€1,501 | |
| Furniture and vehicles | 24 | €7,948 | €6,623 | -€1,325 | -16.7% |
| Other tangible fixed assets | 26 | - | €9,887 | +€9,887 | |
| Current assets | 29/58 | €190,930 | €212,575 | +€21,646 | +11.3% |
| Amounts receivable within one year | 40/41 | €24,542 | €24,848 | +€306 | +1.2% |
| Trade receivables | 40 | €13,988 | €17,773 | +€3,785 | +27.1% |
| Other amounts receivable | 41 | €10,555 | €7,075 | -€3,480 | -33.0% |
| Cash at bank and in hand | 54/58 | €165,930 | €187,727 | +€21,798 | +13.1% |
| Deferred charges and accrued income | 490/1 | €458 | - | -€458 | |
| Total equity and liabilities | 10/49 | €205,912 | €236,865 | +€30,954 | +15.0% |
| Equity | 10/15 | €163,438 | €208,488 | +€45,050 | +27.6% |
| Contributions | 10/11 | €12,500 | €12,500 | = | 0.0% |
| Reserves | 13 | €111,960 | €156,960 | +€45,000 | +40.2% |
| Distributable reserves | 133 | €111,960 | €156,960 | +€45,000 | +40.2% |
| Profit (loss) carried forward | 14 | €38,978 | €39,028 | +€50 | +0.1% |
| Amounts payable | 17/49 | €42,474 | €28,378 | -€14,096 | -33.2% |
| Amounts payable within one year | 42/48 | €38,477 | €26,586 | -€11,891 | -30.9% |
| Trade debts | 44 | €693 | €1,380 | +€687 | +99.0% |
| Suppliers | 440/4 | €693 | €1,380 | +€687 | +99.0% |
| Taxes, remuneration and social security | 45 | €7,660 | €8,197 | +€538 | +7.0% |
| Taxes | 450/3 | €7,660 | €8,197 | +€538 | +7.0% |
| Other amounts payable | 47/48 | €30,124 | €17,008 | -€13,116 | -43.5% |
| Accrued charges and deferred income | 492/3 | €3,997 | €1,792 | -€2,205 | -55.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,265 | €4,649 | +€1,385 | +42.4% |
| Other operating charges | 640/8 | €594 | €584 | -€10 | -1.7% |
| Gross operating margin | 9900 | €91,680 | €73,482 | -€18,198 | -19.8% |
| Operating profit (loss) | 9901 | €87,821 | €68,249 | -€19,572 | -22.3% |
| Financial income | 75/76B | €493 | €429 | -€64 | -12.9% |
| Recurring financial income | 75 | €493 | €429 | -€64 | -12.9% |
| Financial charges | 65/66B | €67 | €211 | +€144 | +216% |
| Recurring financial charges | 65 | €67 | €211 | +€144 | +216% |
| Profit (loss) for the period before taxes | 9903 | €88,247 | €68,468 | -€19,779 | -22.4% |
| Income taxes | 67/77 | €29,903 | €23,418 | -€6,485 | -21.7% |
| Profit (loss) for the period | 9904 | €58,344 | €45,050 | -€13,294 | -22.8% |
| Profit (loss) for the period to be appropriated | 9905 | €58,344 | €45,050 | -€13,294 | -22.8% |
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.