Flash & Smash: 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.
Flash & Smash
Largest movements
- Tangible fixed assets +€69,845
up €69,845 (+32.3%), from €216,430 to €286,275
of which Furniture and vehicles: +€58,170
- Receivables within one year +€52,334
up €52,334 (+184.3%), from €28,399 to €80,733
of which Trade receivables: +€53,987
- Cash +€4,021
up €4,021 (+90.9%), from €4,421 to €8,441
mainly Debts after one year (+€62,680) and Trade debts (+€47,801)
- Debts after one year +€62,680
up €62,680 (+95.3%), from €65,802 to €128,481
- Trade debts +€47,801
up €47,801 (+104.6%), from €45,716 to €93,516
- Accrued charges and deferred income -€28,204
no longer reported in 2025 (was €28,204)
- Current portion of long-term debt +€24,955
up €24,955 (+100.6%), from €24,816 to €49,771
- Reserves +€13,739
up €13,739 (+54.5%), from €25,188 to €38,927
- Depreciation +€19,676
up €19,676 (+75.2%), from €26,175 to €45,851
- Gross operating margin +€18,531
up €18,531 (+33.9%), from €54,660 to €73,191
- Taxes +€4,947
new in 2025: €4,947
- Financial charges +€2,834
up €2,834 (+57.6%), from €4,919 to €7,753
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 | €249,582 | €375,450 | +€125,868 | +50.4% |
| Fixed assets | 21/28 | €216,430 | €286,275 | +€69,845 | +32.3% |
| Tangible fixed assets | 22/27 | €216,430 | €286,275 | +€69,845 | +32.3% |
| Plant, machinery and equipment | 23 | €39,972 | €34,973 | -€4,999 | -12.5% |
| Furniture and vehicles | 24 | - | €58,170 | +€58,170 | |
| Other tangible fixed assets | 26 | €176,458 | €193,132 | +€16,674 | +9.4% |
| Current assets | 29/58 | €33,152 | €89,175 | +€56,022 | +169.0% |
| Amounts receivable within one year | 40/41 | €28,399 | €80,733 | +€52,334 | +184.3% |
| Trade receivables | 40 | €26,608 | €80,595 | +€53,987 | +202.9% |
| Other amounts receivable | 41 | €1,791 | €138 | -€1,652 | -92.3% |
| Cash at bank and in hand | 54/58 | €4,421 | €8,441 | +€4,021 | +90.9% |
| Deferred charges and accrued income | 490/1 | €333 | - | -€333 | |
| Total equity and liabilities | 10/49 | €249,582 | €375,450 | +€125,868 | +50.4% |
| Equity | 10/15 | €35,188 | €48,927 | +€13,739 | +39.0% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Reserves | 13 | €25,188 | €38,927 | +€13,739 | +54.5% |
| Distributable reserves | 133 | €25,188 | €38,927 | +€13,739 | +54.5% |
| Amounts payable | 17/49 | €214,395 | €326,523 | +€112,128 | +52.3% |
| Amounts payable after more than one year | 17 | €65,802 | €128,481 | +€62,680 | +95.3% |
| Financial debts | 170/4 | €65,802 | €128,481 | +€62,680 | +95.3% |
| Amounts payable within one year | 42/48 | €120,389 | €198,042 | +€77,653 | +64.5% |
| Current portion of amounts payable after more than one year | 42 | €24,816 | €49,771 | +€24,955 | +100.6% |
| Trade debts | 44 | €45,716 | €93,516 | +€47,801 | +104.6% |
| Suppliers | 440/4 | €45,716 | €93,516 | +€47,801 | +104.6% |
| Taxes, remuneration and social security | 45 | - | €4,947 | +€4,947 | |
| Taxes | 450/3 | - | €4,947 | +€4,947 | |
| Other amounts payable | 47/48 | €49,858 | €49,807 | -€51 | -0.1% |
| Accrued charges and deferred income | 492/3 | €28,204 | - | -€28,204 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €26,175 | €45,851 | +€19,676 | +75.2% |
| Other operating charges | 640/8 | €461 | €905 | +€444 | +96.3% |
| Gross operating margin | 9900 | €54,660 | €73,191 | +€18,531 | +33.9% |
| Operating profit (loss) | 9901 | €28,023 | €26,435 | -€1,588 | -5.7% |
| Financial income | 75/76B | €0 | €5 | +€5 | +2145.5% |
| Recurring financial income | 75 | €0 | €5 | +€5 | +2145.5% |
| Financial charges | 65/66B | €4,919 | €7,753 | +€2,834 | +57.6% |
| Recurring financial charges | 65 | €4,919 | €7,753 | +€2,834 | +57.6% |
| Profit (loss) for the period before taxes | 9903 | €23,105 | €18,687 | -€4,418 | -19.1% |
| Income taxes | 67/77 | - | €4,947 | +€4,947 | |
| Profit (loss) for the period | 9904 | €23,105 | €13,739 | -€9,365 | -40.5% |
| Profit (loss) for the period to be appropriated | 9905 | €23,105 | €13,739 | -€9,365 | -40.5% |
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 9 October 2026 via checked.be.