SMAAK!: 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.
SMAAK!
Largest movements
- Receivables after one year +€19,222
up €19,222 (+14.7%), from €130,509 to €149,731
- Cash +€15,330
up €15,330 (+166.3%), from €9,219 to €24,549
mainly Net result for the year (+€15,786) and Receivables within one year (+€10,346)
- Receivables within one year -€10,346
down €10,346 (-42.7%), from €24,208 to €13,862
of which Other amounts receivable: -€10,346
- Tangible fixed assets -€8,386
down €8,386 (-23.8%), from €35,235 to €26,849
of which Other tangible fixed assets: -€6,500
- Reserves +€15,000
up €15,000 (+30.3%), from €49,560 to €64,560
of which Distributable reserves: +€15,000
- Debts after one year -€3,936
down €3,936 (-29.0%), from €13,593 to €9,657
- Other debts +€3,779
new in 2025: €3,779
- Tax, wage and social debts -€2,792
down €2,792 (-17.2%), from €16,270 to €13,478
- Gross operating margin -€3,509
down €3,509 (-9.7%), from €36,139 to €32,630
- Taxes -€1,910
down €1,910 (-21.3%), from €8,951 to €7,040
- Depreciation +€1,887
up €1,887 (+29.0%), from €6,499 to €8,386
- Financial charges -€1,145
down €1,145 (-64.9%), from €1,763 to €618
- Other operating charges -€578
down €578 (-40.5%), from €1,427 to €849
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 | €201,140 | €214,991 | +€13,850 | +6.9% |
| Fixed assets | 21/28 | €35,235 | €26,849 | -€8,386 | -23.8% |
| Tangible fixed assets | 22/27 | €35,235 | €26,849 | -€8,386 | -23.8% |
| Land and buildings | 22 | €3,356 | €2,994 | -€362 | -10.8% |
| Plant, machinery and equipment | 23 | €5,230 | €3,706 | -€1,524 | -29.1% |
| Other tangible fixed assets | 26 | €26,649 | €20,149 | -€6,500 | -24.4% |
| Current assets | 29/58 | €165,906 | €188,142 | +€22,236 | +13.4% |
| Amounts receivable after more than one year | 29 | €130,509 | €149,731 | +€19,222 | +14.7% |
| Trade receivables | 290 | €130,509 | €149,731 | +€19,222 | +14.7% |
| Amounts receivable within one year | 40/41 | €24,208 | €13,862 | -€10,346 | -42.7% |
| Trade receivables | 40 | €13,818 | €13,818 | = | 0.0% |
| Other amounts receivable | 41 | €10,390 | €44 | -€10,346 | -99.6% |
| Cash at bank and in hand | 54/58 | €9,219 | €24,549 | +€15,330 | +166.3% |
| Deferred charges and accrued income | 490/1 | €1,969 | - | -€1,969 | |
| Total equity and liabilities | 10/49 | €201,140 | €214,991 | +€13,850 | +6.9% |
| Equity | 10/15 | €167,226 | €183,013 | +€15,786 | +9.4% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €49,560 | €64,560 | +€15,000 | +30.3% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €47,700 | €62,700 | +€15,000 | +31.4% |
| Profit (loss) carried forward | 14 | €111,466 | €112,253 | +€786 | +0.7% |
| Amounts payable | 17/49 | €33,914 | €31,978 | -€1,936 | -5.7% |
| Amounts payable after more than one year | 17 | €13,593 | €9,657 | -€3,936 | -29.0% |
| Financial debts | 170/4 | €13,593 | €9,657 | -€3,936 | -29.0% |
| Amounts payable within one year | 42/48 | €20,321 | €22,321 | +€2,001 | +9.8% |
| Current portion of amounts payable after more than one year | 42 | €3,734 | €3,936 | +€203 | +5.4% |
| Trade debts | 44 | €317 | €1,128 | +€811 | +255.8% |
| Suppliers | 440/4 | €317 | €1,128 | +€811 | +255.8% |
| Taxes, remuneration and social security | 45 | €16,270 | €13,478 | -€2,792 | -17.2% |
| Taxes | 450/3 | €16,270 | €13,478 | -€2,792 | -17.2% |
| Other amounts payable | 47/48 | - | €3,779 | +€3,779 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,499 | €8,386 | +€1,887 | +29.0% |
| Other operating charges | 640/8 | €1,427 | €849 | -€578 | -40.5% |
| Gross operating margin | 9900 | €36,139 | €32,630 | -€3,509 | -9.7% |
| Operating profit (loss) | 9901 | €28,213 | €23,395 | -€4,818 | -17.1% |
| Financial income | 75/76B | - | €50 | +€50 | |
| Recurring financial income | 75 | - | €50 | +€50 | |
| Financial charges | 65/66B | €1,763 | €618 | -€1,145 | -64.9% |
| Recurring financial charges | 65 | €1,763 | €618 | -€1,145 | -64.9% |
| Profit (loss) for the period before taxes | 9903 | €26,450 | €22,826 | -€3,623 | -13.7% |
| Income taxes | 67/77 | €8,951 | €7,040 | -€1,910 | -21.3% |
| Profit (loss) for the period | 9904 | €17,499 | €15,786 | -€1,713 | -9.8% |
| Profit (loss) for the period to be appropriated | 9905 | €17,499 | €15,786 | -€1,713 | -9.8% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 2 October 2026 via checked.be.