Sm@rtR: 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@rtR
Largest movements
- Cash +€1,307
up €1,307 (+2.6%), from €50,296 to €51,603
mainly Net result for the year (+€1,075) and Tax, wage and social debts (+€661)
- Receivables within one year +€1,016
up €1,016 (+55.3%), from €1,839 to €2,856
- Profit (loss) carried forward +€1,075
up €1,075 (+2.5%), from €43,655 to €44,730
- Tax, wage and social debts +€661
up €661 (+2,678%), from €25 to €686
- Gross operating margin +€1,948
up €1,948, from -€12 to €1,936
- Purchases and services -€1,108
down €1,108 (-72.3%), from €1,532 to €424
- Turnover +€840
up €840 (+55.3%), from €1,520 to €2,360
- Taxes +€476
new in 2025: €476
- Staff costs -€372
down €372 (-48.2%), from €772 to €400
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 | €52,135 | €54,458 | +€2,323 | +4.5% |
| Current assets | 29/58 | €52,135 | €54,458 | +€2,323 | +4.5% |
| Amounts receivable within one year | 40/41 | €1,839 | €2,856 | +€1,016 | +55.3% |
| Trade receivables | 40 | €1,839 | €2,856 | +€1,016 | +55.3% |
| Cash at bank and in hand | 54/58 | €50,296 | €51,603 | +€1,307 | +2.6% |
| Total equity and liabilities | 10/49 | €52,135 | €54,458 | +€2,323 | +4.5% |
| Equity | 10/15 | €51,692 | €52,767 | +€1,075 | +2.1% |
| Contributions | 10/11 | €6,197 | €6,197 | = | 0.0% |
| Capital | 10 | €6,197 | €6,197 | = | 0.0% |
| Issued capital | 100 | €18,592 | €18,592 | = | 0.0% |
| Uncalled capital | 101 | €12,395 | €12,395 | = | 0.0% |
| Reserves | 13 | €1,839 | €1,839 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,839 | €1,839 | = | 0.0% |
| Legal reserve | 130 | €1,839 | €1,839 | = | 0.0% |
| Profit (loss) carried forward | 14 | €43,655 | €44,730 | +€1,075 | +2.5% |
| Amounts payable | 17/49 | €443 | €1,692 | +€1,249 | +282% |
| Amounts payable within one year | 42/48 | €443 | €1,692 | +€1,249 | +282% |
| Trade debts | 44 | €82 | €481 | +€399 | +488% |
| Suppliers | 440/4 | €82 | €481 | +€399 | +488% |
| Taxes, remuneration and social security | 45 | €25 | €686 | +€661 | +2,678% |
| Taxes | 450/3 | €25 | €686 | +€661 | +2,678% |
| Other amounts payable | 47/48 | €337 | €525 | +€188 | +55.9% |
| Turnover | 70 | €1,520 | €2,360 | +€840 | +55.3% |
| Goods, raw materials, services and sundry goods | 60/61 | €1,532 | €424 | -€1,108 | -72.3% |
| Remuneration, social security and pensions | 62 | €772 | €400 | -€372 | -48.2% |
| Other operating charges | 640/8 | €200 | €519 | +€319 | +160% |
| Gross operating margin | 9900 | -€12 | €1,936 | +€1,948 | |
| Operating profit (loss) | 9901 | -€983 | €1,017 | +€2,001 | |
| Financial income | 75/76B | €265 | €534 | +€269 | +102% |
| Recurring financial income | 75 | €265 | €534 | +€269 | +102% |
| Profit (loss) for the period before taxes | 9903 | -€719 | €1,551 | +€2,270 | |
| Income taxes | 67/77 | - | €476 | +€476 | |
| Profit (loss) for the period | 9904 | -€719 | €1,075 | +€1,793 | |
| Profit (loss) for the period to be appropriated | 9905 | -€719 | €1,075 | +€1,793 |
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 16 October 2026 via checked.be.