LA SMORFIA: 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.
LA SMORFIA
Largest movements
- Tangible fixed assets -€3,321
down €3,321 (-38.3%), from €8,666 to €5,344
of which Furniture and vehicles: -€2,972
- Receivables within one year +€1,992
up €1,992 (+60.4%), from €3,296 to €5,288
of which Trade receivables: +€4,592
- Deferred charges and accrued income -€931
down €931 (-83.3%), from €1,119 to €187
- Cash -€395
down €395 (-23.8%), from €1,663 to €1,268
mainly Debts after one year (-€4,026) and Receivables within one year (-€1,992)
- Debts after one year -€4,026
down €4,026 (-74.6%), from €5,399 to €1,374
- Short-term financial debts +€1,620
new in 2025: €1,620
- Other debts -€1,411
down €1,411 (-94.7%), from €1,490 to €79
- Tax, wage and social debts +€875
up €875 (+321%), from €273 to €1,148
- Profit (loss) carried forward +€569
up €569 (+15.7%), from -€3,626 to -€3,057
- Staff costs +€2,894
up €2,894, from -€2,724 to €170
- Depreciation -€1,123
down €1,123 (-25.3%), from €4,444 to €3,321
- Other operating charges -€600
down €600 (-42.3%), from €1,419 to €819
- Financial income -€184
down €184 (-87.3%), from €210 to €27
- Taxes -€126
down €126 (-53.2%), from €237 to €111
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 | €16,251 | €13,595 | -€2,656 | -16.3% |
| Fixed assets | 21/28 | €9,087 | €5,766 | -€3,321 | -36.5% |
| Tangible fixed assets | 22/27 | €8,666 | €5,344 | -€3,321 | -38.3% |
| Furniture and vehicles | 24 | €6,412 | €3,440 | -€2,972 | -46.3% |
| Other tangible fixed assets | 26 | €2,253 | €1,904 | -€349 | -15.5% |
| Financial fixed assets | 28 | €422 | €422 | = | 0.0% |
| Current assets | 29/58 | €7,164 | €7,829 | +€665 | +9.3% |
| Stocks and contracts in progress | 3 | €1,086 | €1,086 | = | 0.0% |
| Stocks | 30/36 | €1,086 | €1,086 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €3,296 | €5,288 | +€1,992 | +60.4% |
| Trade receivables | 40 | €695 | €5,288 | +€4,592 | +660% |
| Other amounts receivable | 41 | €2,600 | - | -€2,600 | |
| Cash at bank and in hand | 54/58 | €1,663 | €1,268 | -€395 | -23.8% |
| Deferred charges and accrued income | 490/1 | €1,119 | €187 | -€931 | -83.3% |
| Total equity and liabilities | 10/49 | €16,251 | €13,595 | -€2,656 | -16.3% |
| Equity | 10/15 | €2,374 | €2,943 | +€569 | +24.0% |
| Contributions | 10/11 | €6,000 | €6,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€3,626 | -€3,057 | +€569 | +15.7% |
| Amounts payable | 17/49 | €13,878 | €10,652 | -€3,225 | -23.2% |
| Amounts payable after more than one year | 17 | €5,399 | €1,374 | -€4,026 | -74.6% |
| Financial debts | 170/4 | €5,399 | €1,374 | -€4,026 | -74.6% |
| Amounts payable within one year | 42/48 | €8,478 | €9,279 | +€800 | +9.4% |
| Current portion of amounts payable after more than one year | 42 | €3,886 | €4,026 | +€140 | +3.6% |
| Financial debts | 43 | - | €1,620 | +€1,620 | |
| Credit institutions | 430/8 | - | €1,620 | +€1,620 | |
| Trade debts | 44 | €2,830 | €2,407 | -€423 | -15.0% |
| Suppliers | 440/4 | €2,830 | €2,407 | -€423 | -15.0% |
| Taxes, remuneration and social security | 45 | €273 | €1,148 | +€875 | +321% |
| Taxes | 450/3 | €273 | €1,148 | +€875 | +321% |
| Other amounts payable | 47/48 | €1,490 | €79 | -€1,411 | -94.7% |
| Remuneration, social security and pensions | 62 | -€2,724 | €170 | +€2,894 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,444 | €3,321 | -€1,123 | -25.3% |
| Other operating charges | 640/8 | €1,419 | €819 | -€600 | -42.3% |
| Gross operating margin | 9900 | €8,043 | €8,157 | +€114 | +1.4% |
| Operating profit (loss) | 9901 | €4,903 | €3,847 | -€1,056 | -21.5% |
| Financial income | 75/76B | €210 | €27 | -€184 | -87.3% |
| Recurring financial income | 75 | €210 | €27 | -€184 | -87.3% |
| Financial charges | 65/66B | €3,073 | €3,194 | +€120 | +3.9% |
| Recurring financial charges | 65 | €3,073 | €3,194 | +€120 | +3.9% |
| Profit (loss) for the period before taxes | 9903 | €2,040 | €680 | -€1,361 | -66.7% |
| Income taxes | 67/77 | €237 | €111 | -€126 | -53.2% |
| Profit (loss) for the period | 9904 | €1,804 | €569 | -€1,235 | -68.5% |
| Profit (loss) for the period to be appropriated | 9905 | €1,804 | €569 | -€1,235 | -68.5% |
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 18 October 2026 via checked.be.