SM ART ADVISORY: 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.
SM ART ADVISORY
Largest movements
- Receivables within one year +€11,611
up €11,611 (+77.0%), from €15,084 to €26,695
of which Trade receivables: +€14,477
- Cash +€9,858
up €9,858 (+84.2%), from €11,710 to €21,568
mainly Net result for the year (+€18,366) and Other debts (+€5,321)
- Stocks and contracts +€3,695
new in 2024: €3,695
- Tangible fixed assets -€866
down €866 (-50.2%), from €1,725 to €858
- Reserves +€34,103
new in 2024: €34,103
- Profit (loss) carried forward -€15,737
down €15,737 (-100%), from €15,737 to €0
- Other debts +€5,321
up €5,321 (+75.1%), from €7,080 to €12,401
- Gross operating margin +€17,102
up €17,102 (+189%), from €9,051 to €26,153
- Taxes +€5,899
up €5,899 (+584%), from €1,010 to €6,909
- Financial charges -€2,291
down €2,291 (-89.4%), from €2,562 to €271
- Financial income +€646
up €646 (+161,540%), from €0 to €647
- Depreciation -€513
down €513 (-37.2%), from €1,380 to €866
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €28,595 | €52,893 | +€24,298 | +85.0% |
| Fixed assets | 21/28 | €1,801 | €935 | -€866 | -48.1% |
| Tangible fixed assets | 22/27 | €1,725 | €858 | -€866 | -50.2% |
| Furniture and vehicles | 24 | €1,725 | €858 | -€866 | -50.2% |
| Financial fixed assets | 28 | €76 | €76 | = | 0.0% |
| Current assets | 29/58 | €26,794 | €51,958 | +€25,164 | +93.9% |
| Stocks and contracts in progress | 3 | - | €3,695 | +€3,695 | |
| Stocks | 30/36 | - | €3,695 | +€3,695 | |
| Amounts receivable within one year | 40/41 | €15,084 | €26,695 | +€11,611 | +77.0% |
| Trade receivables | 40 | - | €14,477 | +€14,477 | |
| Other amounts receivable | 41 | €15,084 | €12,218 | -€2,866 | -19.0% |
| Cash at bank and in hand | 54/58 | €11,710 | €21,568 | +€9,858 | +84.2% |
| Total equity and liabilities | 10/49 | €28,595 | €52,893 | +€24,298 | +85.0% |
| Equity | 10/15 | €20,737 | €39,103 | +€18,366 | +88.6% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | - | €34,103 | +€34,103 | |
| Distributable reserves | 133 | - | €34,103 | +€34,103 | |
| Profit (loss) carried forward | 14 | €15,737 | €0 | -€15,737 | -100% |
| Amounts payable | 17/49 | €7,857 | €13,790 | +€5,932 | +75.5% |
| Amounts payable within one year | 42/48 | €7,857 | €13,790 | +€5,932 | +75.5% |
| Financial debts | 43 | €231 | €0 | -€231 | -100% |
| Credit institutions | 430/8 | €231 | €0 | -€231 | -100% |
| Trade debts | 44 | €546 | €889 | +€342 | +62.7% |
| Suppliers | 440/4 | €546 | €889 | +€342 | +62.7% |
| Taxes, remuneration and social security | 45 | - | €500 | +€500 | |
| Remuneration and social security | 454/9 | - | €500 | +€500 | |
| Other amounts payable | 47/48 | €7,080 | €12,401 | +€5,321 | +75.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,380 | €866 | -€513 | -37.2% |
| Other operating charges | 640/8 | €743 | €387 | -€356 | -47.9% |
| Gross operating margin | 9900 | €9,051 | €26,153 | +€17,102 | +189% |
| Operating profit (loss) | 9901 | €6,929 | €24,899 | +€17,971 | +259% |
| Financial income | 75/76B | €0 | €647 | +€646 | +161,540% |
| Recurring financial income | 75 | €0 | €647 | +€646 | +161,540% |
| Financial charges | 65/66B | €2,562 | €271 | -€2,291 | -89.4% |
| Recurring financial charges | 65 | €2,562 | €271 | -€2,291 | -89.4% |
| Profit (loss) for the period before taxes | 9903 | €4,367 | €25,275 | +€20,908 | +479% |
| Income taxes | 67/77 | €1,010 | €6,909 | +€5,899 | +584% |
| Profit (loss) for the period | 9904 | €3,357 | €18,366 | +€15,008 | +447% |
| Profit (loss) for the period to be appropriated | 9905 | €3,357 | €18,366 | +€15,008 | +447% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 October 2026 via checked.be.