Re-Smart: 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.
Re-Smart
Largest movements
- Cash +€71,947
up €71,947 (+816.6%), from €8,811 to €80,758
mainly Net result for the year (+€58,466) and Trade debts (+€39,699)
- Receivables within one year +€38,877
up €38,877 (+1430.5%), from €2,718 to €41,594
of which Trade receivables: +€37,667
- Tangible fixed assets -€13,282
down €13,282 (-90.7%), from €14,636 to €1,355
- Profit (loss) carried forward +€58,466
up €58,466, from -€43,072 to €15,394
- Trade debts +€39,699
up €39,699 (+981.7%), from €4,044 to €43,743
- Other debts +€13,144
up €13,144 (+31.6%), from €41,542 to €54,686
- Debts after one year -€8,184
no longer reported in 2025 (was €8,184)
- Current portion of long-term debt -€5,715
down €5,715 (-41.1%), from €13,899 to €8,184
- Gross operating margin +€188,449
up €188,449, from -€113,188 to €75,260
- Depreciation -€8,696
down €8,696 (-37.2%), from €23,351 to €14,655
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 | €28,396 | €126,011 | +€97,615 | +343.8% |
| Fixed assets | 21/28 | €14,636 | €1,355 | -€13,282 | -90.7% |
| Tangible fixed assets | 22/27 | €14,636 | €1,355 | -€13,282 | -90.7% |
| Furniture and vehicles | 24 | €14,636 | €1,355 | -€13,282 | -90.7% |
| Current assets | 29/58 | €13,760 | €124,657 | +€110,897 | +805.9% |
| Amounts receivable within one year | 40/41 | €2,718 | €41,594 | +€38,877 | +1430.5% |
| Trade receivables | 40 | €1,520 | €39,187 | +€37,667 | +2478.1% |
| Other amounts receivable | 41 | €1,198 | €2,407 | +€1,209 | +101.0% |
| Cash at bank and in hand | 54/58 | €8,811 | €80,758 | +€71,947 | +816.6% |
| Deferred charges and accrued income | 490/1 | €2,231 | €2,304 | +€73 | +3.3% |
| Total equity and liabilities | 10/49 | €28,396 | €126,011 | +€97,615 | +343.8% |
| Equity | 10/15 | -€39,472 | €18,994 | +€58,466 | |
| Contributions | 10/11 | €3,600 | €3,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€43,072 | €15,394 | +€58,466 | |
| Amounts payable | 17/49 | €67,868 | €107,017 | +€39,149 | +57.7% |
| Amounts payable after more than one year | 17 | €8,184 | - | -€8,184 | |
| Financial debts | 170/4 | €8,184 | - | -€8,184 | |
| Amounts payable within one year | 42/48 | €59,685 | €107,017 | +€47,333 | +79.3% |
| Current portion of amounts payable after more than one year | 42 | €13,899 | €8,184 | -€5,715 | -41.1% |
| Trade debts | 44 | €4,044 | €43,743 | +€39,699 | +981.7% |
| Suppliers | 440/4 | €4,044 | €43,743 | +€39,699 | +981.7% |
| Taxes, remuneration and social security | 45 | €200 | €405 | +€205 | +102.5% |
| Taxes | 450/3 | €200 | €405 | +€205 | +102.5% |
| Other amounts payable | 47/48 | €41,542 | €54,686 | +€13,144 | +31.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €23,351 | €14,655 | -€8,696 | -37.2% |
| Other operating charges | 640/8 | €720 | €1,754 | +€1,034 | +143.6% |
| Gross operating margin | 9900 | -€113,188 | €75,260 | +€188,449 | |
| Operating profit (loss) | 9901 | -€137,260 | €58,852 | +€196,111 | |
| Financial income | 75/76B | - | €115 | +€115 | |
| Recurring financial income | 75 | - | €115 | +€115 | |
| Financial charges | 65/66B | €561 | €295 | -€265 | -47.3% |
| Recurring financial charges | 65 | €561 | €295 | -€265 | -47.3% |
| Profit (loss) for the period before taxes | 9903 | -€137,820 | €58,671 | +€196,492 | |
| Income taxes | 67/77 | €198 | €205 | +€7 | +3.5% |
| Profit (loss) for the period | 9904 | -€138,018 | €58,466 | +€196,485 | |
| Profit (loss) for the period to be appropriated | 9905 | -€138,018 | €58,466 | +€196,485 |
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 10 October 2026 via checked.be.