SMAAKSALON: 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.
SMAAKSALON
Largest movements
- Receivables within one year -€77,286
down €77,286 (-41.8%), from €184,848 to €107,562
of which Trade receivables: -€79,032
- Cash +€21,203
up €21,203 (+24.4%), from €86,770 to €107,974
mainly Receivables within one year (+€77,286) and Trade debts (+€23,688)
- Tangible fixed assets -€3,593
down €3,593 (-43.6%), from €8,246 to €4,653
of which Furniture and vehicles: -€2,260
- Profit (loss) carried forward -€60,828
down €60,828 (-103%), from -€59,026 to -€119,854
- Trade debts +€23,688
up €23,688 (+463%), from €5,116 to €28,804
- Accrued charges and deferred income -€21,119
down €21,119 (-80.9%), from €26,119 to €5,000
- Tax, wage and social debts -€3,662
down €3,662 (-9.1%), from €40,173 to €36,511
of which Remuneration and social security: -€1,981
- Other operating charges +€7,235
up €7,235 (+68.8%), from €10,518 to €17,753
- Gross operating margin +€5,833
up €5,833 (+4.4%), from €132,712 to €138,545
- Staff costs -€2,706
down €2,706 (-1.5%), from €174,744 to €172,038
- Financial charges +€2,150
up €2,150 (+88.0%), from €2,444 to €4,594
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 | €290,825 | €231,787 | -€59,038 | -20.3% |
| Fixed assets | 21/28 | €12,240 | €8,647 | -€3,593 | -29.4% |
| Tangible fixed assets | 22/27 | €8,246 | €4,653 | -€3,593 | -43.6% |
| Land and buildings | 22 | €1,565 | €1,320 | -€244 | -15.6% |
| Plant, machinery and equipment | 23 | €2,540 | €1,451 | -€1,089 | -42.9% |
| Furniture and vehicles | 24 | €4,141 | €1,882 | -€2,260 | -54.6% |
| Financial fixed assets | 28 | €3,994 | €3,994 | = | 0.0% |
| Current assets | 29/58 | €278,586 | €223,140 | -€55,445 | -19.9% |
| Stocks and contracts in progress | 3 | €3,925 | €6,027 | +€2,102 | +53.5% |
| Stocks | 30/36 | €3,925 | €6,027 | +€2,102 | +53.5% |
| Amounts receivable within one year | 40/41 | €184,848 | €107,562 | -€77,286 | -41.8% |
| Trade receivables | 40 | €127,562 | €48,530 | -€79,032 | -62.0% |
| Other amounts receivable | 41 | €57,286 | €59,032 | +€1,746 | +3.0% |
| Cash at bank and in hand | 54/58 | €86,770 | €107,974 | +€21,203 | +24.4% |
| Deferred charges and accrued income | 490/1 | €3,042 | €1,578 | -€1,464 | -48.1% |
| Total equity and liabilities | 10/49 | €290,825 | €231,787 | -€59,038 | -20.3% |
| Equity | 10/15 | €176,367 | €115,540 | -€60,828 | -34.5% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €229,194 | €229,194 | = | 0.0% |
| 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 | €227,334 | €227,334 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€59,026 | -€119,854 | -€60,828 | -103% |
| Amounts payable | 17/49 | €114,458 | €116,247 | +€1,790 | +1.6% |
| Amounts payable within one year | 42/48 | €88,339 | €111,247 | +€22,909 | +25.9% |
| Current portion of amounts payable after more than one year | 42 | - | €819 | +€819 | |
| Financial debts | 43 | €5,000 | €5,000 | = | 0.0% |
| Credit institutions | 430/8 | €5,000 | €5,000 | = | 0.0% |
| Trade debts | 44 | €5,116 | €28,804 | +€23,688 | +463% |
| Suppliers | 440/4 | €5,116 | €28,804 | +€23,688 | +463% |
| Taxes, remuneration and social security | 45 | €40,173 | €36,511 | -€3,662 | -9.1% |
| Taxes | 450/3 | €10,121 | €8,439 | -€1,682 | -16.6% |
| Remuneration and social security | 454/9 | €30,052 | €28,071 | -€1,981 | -6.6% |
| Other amounts payable | 47/48 | €38,050 | €40,114 | +€2,063 | +5.4% |
| Accrued charges and deferred income | 492/3 | €26,119 | €5,000 | -€21,119 | -80.9% |
| Non-recurring operating income | 76A | - | €2,000 | +€2,000 | |
| Remuneration, social security and pensions | 62 | €174,744 | €172,038 | -€2,706 | -1.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,235 | €3,593 | -€642 | -15.2% |
| Other operating charges | 640/8 | €10,518 | €17,753 | +€7,235 | +68.8% |
| Non-recurring operating charges | 66A | - | €1,265 | +€1,265 | |
| Gross operating margin | 9900 | €132,712 | €138,545 | +€5,833 | +4.4% |
| Operating profit (loss) | 9901 | -€56,785 | -€56,104 | +€681 | +1.2% |
| Financial income | 75/76B | €328 | €0 | -€328 | -100.0% |
| Recurring financial income | 75 | €328 | €0 | -€328 | -100.0% |
| Financial charges | 65/66B | €2,444 | €4,594 | +€2,150 | +88.0% |
| Recurring financial charges | 65 | €2,444 | €4,594 | +€2,150 | +88.0% |
| Profit (loss) for the period before taxes | 9903 | -€58,902 | -€60,699 | -€1,797 | -3.1% |
| Income taxes | 67/77 | €125 | €129 | +€4 | +3.5% |
| Profit (loss) for the period | 9904 | -€59,026 | -€60,828 | -€1,801 | -3.1% |
| Profit (loss) for the period to be appropriated | 9905 | -€59,026 | -€60,828 | -€1,801 | -3.1% |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 22 October 2026 via checked.be.