MG-SMART: what changed
Two fiscal 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.
MG-SMART
Largest movements
- Tangible fixed assets -€7,770
no longer reported in 2025 (was €7,770)
- Cash -€896
no longer reported in 2025 (was €896)
mainly Other debts (-€14,936) and Trade debts (-€6,244)
- Receivables within one year -€464
no longer reported in 2025 (was €464)
- Other debts -€14,936
down €14,936 (-95.6%), from €15,617 to €681
- Profit (loss) carried forward +€12,050
up €12,050 (+91.1%), from -€13,231 to -€1,181
- Trade debts -€6,244
no longer reported in 2025 (was €6,244)
- Gross operating margin +€18,514
up €18,514, from -€6,312 to €12,202
- Depreciation -€4,317
no longer reported in 2025 (was €4,317)
- Other operating charges -€218
no longer reported in 2025 (was €218)
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 | €9,130 | - | -€9,130 | |
| Fixed assets | 21/28 | €7,770 | - | -€7,770 | |
| Tangible fixed assets | 22/27 | €7,770 | - | -€7,770 | |
| Furniture and vehicles | 24 | €7,770 | - | -€7,770 | |
| Current assets | 29/58 | €1,360 | - | -€1,360 | |
| Amounts receivable within one year | 40/41 | €464 | - | -€464 | |
| Other amounts receivable | 41 | €464 | - | -€464 | |
| Cash at bank and in hand | 54/58 | €896 | - | -€896 | |
| Total equity and liabilities | 10/49 | €9,130 | €0 | -€9,130 | -100.0% |
| Equity | 10/15 | -€12,731 | -€681 | +€12,050 | +94.7% |
| Contributions | 10/11 | €500 | €500 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€13,231 | -€1,181 | +€12,050 | +91.1% |
| Amounts payable | 17/49 | €21,861 | €681 | -€21,180 | -96.9% |
| Amounts payable within one year | 42/48 | €21,861 | €681 | -€21,180 | -96.9% |
| Trade debts | 44 | €6,244 | - | -€6,244 | |
| Suppliers | 440/4 | €6,244 | - | -€6,244 | |
| Other amounts payable | 47/48 | €15,617 | €681 | -€14,936 | -95.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,317 | - | -€4,317 | |
| Other operating charges | 640/8 | €218 | - | -€218 | |
| Gross operating margin | 9900 | -€6,312 | €12,202 | +€18,514 | |
| Operating profit (loss) | 9901 | -€10,847 | €12,202 | +€23,049 | |
| Financial charges | 65/66B | €64 | €152 | +€88 | +137.5% |
| Recurring financial charges | 65 | €64 | €152 | +€88 | +137.5% |
| Profit (loss) for the period before taxes | 9903 | -€10,911 | €12,050 | +€22,961 | |
| Profit (loss) for the period | 9904 | -€10,911 | €12,050 | +€22,961 | |
| Profit (loss) for the period to be appropriated | 9905 | -€10,911 | €12,050 | +€22,961 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 September 2026 via checked.be.