Rational-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.
Rational-Smart
Largest movements
- Receivables within one year -€442
down €442 (-100.0%), from €442 to €0
- Cash -€291
down €291 (-72.1%), from €403 to €112
mainly Net result for the year (-€2,833) and Tax, wage and social debts (-€442)
- Profit (loss) carried forward -€2,833
down €2,833 (-43.5%), from -€6,520 to -€9,353
- Other debts +€2,077
up €2,077 (+37.5%), from €5,546 to €7,623
- Trade debts +€465
up €465 (+120.1%), from €387 to €853
- Tax, wage and social debts -€442
down €442 (-100.0%), from €442 to €0
- Gross operating margin -€510
down €510 (-34.2%), from -€1,489 to -€1,999
- Other operating charges -€428
down €428 (-45.2%), from €948 to €520
- Financial charges +€107
up €107 (+51.5%), from €208 to €315
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 | €855 | €122 | -€733 | -85.7% |
| Fixed assets | 21/28 | €10 | €10 | = | 0.0% |
| Financial fixed assets | 28 | €10 | €10 | = | 0.0% |
| Current assets | 29/58 | €845 | €112 | -€733 | -86.7% |
| Amounts receivable within one year | 40/41 | €442 | €0 | -€442 | -100.0% |
| Other amounts receivable | 41 | €442 | €0 | -€442 | -100.0% |
| Cash at bank and in hand | 54/58 | €403 | €112 | -€291 | -72.1% |
| Total equity and liabilities | 10/49 | €855 | €122 | -€733 | -85.7% |
| Equity | 10/15 | -€5,520 | -€8,353 | -€2,833 | -51.3% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€6,520 | -€9,353 | -€2,833 | -43.5% |
| Amounts payable | 17/49 | €6,376 | €8,476 | +€2,100 | +32.9% |
| Amounts payable within one year | 42/48 | €6,376 | €8,476 | +€2,100 | +32.9% |
| Trade debts | 44 | €387 | €853 | +€465 | +120.1% |
| Suppliers | 440/4 | €387 | €853 | +€465 | +120.1% |
| Taxes, remuneration and social security | 45 | €442 | €0 | -€442 | -100.0% |
| Taxes | 450/3 | €442 | €0 | -€442 | -100.0% |
| Other amounts payable | 47/48 | €5,546 | €7,623 | +€2,077 | +37.5% |
| Other operating charges | 640/8 | €948 | €520 | -€428 | -45.2% |
| Gross operating margin | 9900 | -€1,489 | -€1,999 | -€510 | -34.2% |
| Operating profit (loss) | 9901 | -€2,436 | -€2,518 | -€82 | -3.4% |
| Financial income | 75/76B | €0 | - | = | |
| Recurring financial income | 75 | €0 | - | = | |
| Financial charges | 65/66B | €208 | €315 | +€107 | +51.5% |
| Recurring financial charges | 65 | €208 | €315 | +€107 | +51.5% |
| Profit (loss) for the period before taxes | 9903 | -€2,644 | -€2,833 | -€189 | -7.1% |
| Profit (loss) for the period | 9904 | -€2,644 | -€2,833 | -€189 | -7.1% |
| Profit (loss) for the period to be appropriated | 9905 | -€2,644 | -€2,833 | -€189 | -7.1% |
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 1 October 2026 via checked.be.