BOB SMOLDERS: 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.
BOB SMOLDERS
Largest movements
- Receivables within one year -€11,733
down €11,733 (-100.0%), from €11,733 to €0
of which Trade receivables: -€11,646
- Cash -€11,006
down €11,006 (-26.1%), from €42,106 to €31,101
mainly Other debts (-€43,788)
- Deferred charges and accrued income -€4,522
down €4,522 (-31.3%), from €14,447 to €9,925
- Tangible fixed assets -€3,919
down €3,919 (-17.4%), from €22,532 to €18,612
of which Furniture and vehicles: -€2,028
- Other debts -€43,788
down €43,788 (-77.0%), from €56,903 to €13,115
- Profit (loss) carried forward +€9,401
up €9,401 (+151.9%), from €6,189 to €15,590
- Tax, wage and social debts +€1,659
up €1,659 (+33.2%), from €4,993 to €6,652
- Trade debts +€1,548
up €1,548 (+94.4%), from €1,640 to €3,187
- Gross operating margin -€49,291
down €49,291 (-71.1%), from €69,311 to €20,020
- Taxes -€9,209
down €9,209 (-69.7%), from €13,213 to €4,004
- Financial charges -€875
down €875 (-31.4%), from €2,788 to €1,913
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.
Cash bridge derived
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 | €90,818 | €59,638 | -€31,180 | -34.3% |
| Fixed assets | 21/28 | €22,532 | €18,612 | -€3,919 | -17.4% |
| Tangible fixed assets | 22/27 | €22,532 | €18,612 | -€3,919 | -17.4% |
| Plant, machinery and equipment | 23 | €2,211 | €1,974 | -€237 | -10.7% |
| Furniture and vehicles | 24 | €3,252 | €1,223 | -€2,028 | -62.4% |
| Other tangible fixed assets | 26 | €17,069 | €15,415 | -€1,654 | -9.7% |
| Current assets | 29/58 | €68,287 | €41,026 | -€27,261 | -39.9% |
| Amounts receivable within one year | 40/41 | €11,733 | €0 | -€11,733 | -100.0% |
| Trade receivables | 40 | €11,646 | €0 | -€11,646 | -100.0% |
| Other amounts receivable | 41 | €87 | €0 | -€87 | -100.0% |
| Cash at bank and in hand | 54/58 | €42,106 | €31,101 | -€11,006 | -26.1% |
| Deferred charges and accrued income | 490/1 | €14,447 | €9,925 | -€4,522 | -31.3% |
| Total equity and liabilities | 10/49 | €90,818 | €59,638 | -€31,180 | -34.3% |
| Equity | 10/15 | €27,282 | €36,683 | +€9,401 | +34.5% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €2,494 | €2,494 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Tax-exempt reserves | 132 | €634 | €634 | = | 0.0% |
| Profit (loss) carried forward | 14 | €6,189 | €15,590 | +€9,401 | +151.9% |
| Amounts payable | 17/49 | €63,536 | €22,955 | -€40,581 | -63.9% |
| Amounts payable within one year | 42/48 | €63,536 | €22,955 | -€40,581 | -63.9% |
| Current portion of amounts payable after more than one year | 42 | €0 | - | = | |
| Trade debts | 44 | €1,640 | €3,187 | +€1,548 | +94.4% |
| Suppliers | 440/4 | €1,640 | €3,187 | +€1,548 | +94.4% |
| Taxes, remuneration and social security | 45 | €4,993 | €6,652 | +€1,659 | +33.2% |
| Taxes | 450/3 | €4,993 | €6,652 | +€1,659 | +33.2% |
| Other amounts payable | 47/48 | €56,903 | €13,115 | -€43,788 | -77.0% |
| Non-recurring operating income | 76A | €10,090 | €0 | -€10,090 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,553 | €3,919 | +€366 | +10.3% |
| Other operating charges | 640/8 | €811 | €782 | -€29 | -3.6% |
| Gross operating margin | 9900 | €69,311 | €20,020 | -€49,291 | -71.1% |
| Operating profit (loss) | 9901 | €64,947 | €15,319 | -€49,628 | -76.4% |
| Financial income | 75/76B | €1 | €0 | -€1 | -100.0% |
| Recurring financial income | 75 | €1 | €0 | -€1 | -100.0% |
| Financial charges | 65/66B | €2,788 | €1,913 | -€875 | -31.4% |
| Recurring financial charges | 65 | €2,788 | €1,913 | -€875 | -31.4% |
| Profit (loss) for the period before taxes | 9903 | €62,159 | €13,405 | -€48,754 | -78.4% |
| Income taxes | 67/77 | €13,213 | €4,004 | -€9,209 | -69.7% |
| Profit (loss) for the period | 9904 | €48,946 | €9,401 | -€39,545 | -80.8% |
| Profit (loss) for the period to be appropriated | 9905 | €48,946 | €9,401 | -€39,545 | -80.8% |
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 12 October 2026 via checked.be.