SMALLAND: 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.
SMALLAND
Largest movements
- Receivables within one year +€32,786
up €32,786 (+69.6%), from €47,125 to €79,910
of which Other amounts receivable: +€32,786
- Tangible fixed assets -€6,807
down €6,807 (-42.0%), from €16,213 to €9,406
- Reserves +€39,762
up €39,762 (+16.0%), from €248,550 to €288,312
- Current portion of long-term debt -€12,793
down €12,793 (-100%), from €12,793 to €0
- Tax, wage and social debts -€8,499
down €8,499 (-99.1%), from €8,574 to €75
- Trade debts +€7,667
up €7,667 (+475%), from €1,613 to €9,280
- Financial income -€58,738
down €58,738 (-49.7%), from €118,076 to €59,338
- Taxes -€8,499
down €8,499 (-99.1%), from €8,574 to €75
- Depreciation -€3,293
down €3,293 (-32.6%), from €10,100 to €6,807
- Gross operating margin -€3,288
down €3,288 (-38.7%), from -€8,486 to -€11,774
- Financial charges -€398
down €398 (-49.8%), from €799 to €401
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 | €583,389 | €609,452 | +€26,063 | +4.5% |
| Fixed assets | 21/28 | €536,213 | €529,406 | -€6,807 | -1.3% |
| Tangible fixed assets | 22/27 | €16,213 | €9,406 | -€6,807 | -42.0% |
| Plant, machinery and equipment | 23 | €6,257 | €3,280 | -€2,977 | -47.6% |
| Furniture and vehicles | 24 | €3,390 | €1,460 | -€1,930 | -56.9% |
| Other tangible fixed assets | 26 | €6,566 | €4,667 | -€1,900 | -28.9% |
| Financial fixed assets | 28 | €520,000 | €520,000 | = | 0.0% |
| Current assets | 29/58 | €47,176 | €80,045 | +€32,869 | +69.7% |
| Amounts receivable within one year | 40/41 | €47,125 | €79,910 | +€32,786 | +69.6% |
| Trade receivables | 40 | €0 | - | = | |
| Other amounts receivable | 41 | €47,125 | €79,910 | +€32,786 | +69.6% |
| Cash at bank and in hand | 54/58 | €51 | €135 | +€84 | +164% |
| Total equity and liabilities | 10/49 | €583,389 | €609,452 | +€26,063 | +4.5% |
| Equity | 10/15 | €267,195 | €306,957 | +€39,762 | +14.9% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Reserves | 13 | €248,550 | €288,312 | +€39,762 | +16.0% |
| Distributable reserves | 133 | €248,550 | €288,312 | +€39,762 | +16.0% |
| Profit (loss) carried forward | 14 | €95 | €95 | = | 0.0% |
| Amounts payable | 17/49 | €316,194 | €302,495 | -€13,699 | -4.3% |
| Amounts payable after more than one year | 17 | €0 | - | = | |
| Financial debts | 170/4 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €316,194 | €302,495 | -€13,699 | -4.3% |
| Current portion of amounts payable after more than one year | 42 | €12,793 | €0 | -€12,793 | -100% |
| Trade debts | 44 | €1,613 | €9,280 | +€7,667 | +475% |
| Suppliers | 440/4 | €1,613 | €9,280 | +€7,667 | +475% |
| Taxes, remuneration and social security | 45 | €8,574 | €75 | -€8,499 | -99.1% |
| Taxes | 450/3 | €8,574 | €75 | -€8,499 | -99.1% |
| Other amounts payable | 47/48 | €293,214 | €293,140 | -€74 | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,100 | €6,807 | -€3,293 | -32.6% |
| Other operating charges | 640/8 | €505 | €520 | +€14 | +2.8% |
| Gross operating margin | 9900 | -€8,486 | -€11,774 | -€3,288 | -38.7% |
| Operating profit (loss) | 9901 | -€19,091 | -€19,101 | -€10 | -0.1% |
| Financial income | 75/76B | €118,076 | €59,338 | -€58,738 | -49.7% |
| Recurring financial income | 75 | €118,076 | €59,338 | -€58,738 | -49.7% |
| Financial charges | 65/66B | €799 | €401 | -€398 | -49.8% |
| Recurring financial charges | 65 | €799 | €401 | -€398 | -49.8% |
| Profit (loss) for the period before taxes | 9903 | €98,186 | €39,837 | -€58,350 | -59.4% |
| Income taxes | 67/77 | €8,574 | €75 | -€8,499 | -99.1% |
| Profit (loss) for the period | 9904 | €89,612 | €39,762 | -€49,850 | -55.6% |
| Profit (loss) for the period to be appropriated | 9905 | €89,612 | €39,762 | -€49,850 | -55.6% |
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 23 October 2026 via checked.be.