SMAPP: 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.
SMAPP
Largest movements
- Cash -€32,628
down €32,628 (-23.1%), from €141,366 to €108,738
mainly Net result for the year (-€24,945) and Trade debts (-€6,059)
- Profit (loss) carried forward -€24,945
down €24,945 (-18.5%), from €134,884 to €109,939
- Trade debts -€6,059
down €6,059 (-62.5%), from €9,700 to €3,641
- Gross operating margin -€17,428
down €17,428 (-816%), from -€2,136 to -€19,563
- Taxes +€2,270
up €2,270, from -€2,117 to €153
- Other operating charges -€256
down €256 (-39.1%), from €656 to €400
- Financial charges +€238
up €238 (+87.3%), from €272 to €510
- Depreciation +€200
up €200 (+4.8%), from €4,120 to €4,319
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 | €155,112 | €123,439 | -€31,673 | -20.4% |
| Fixed assets | 21/28 | €13,350 | €13,446 | +€96 | +0.7% |
| Tangible fixed assets | 22/27 | €13,350 | €13,446 | +€96 | +0.7% |
| Furniture and vehicles | 24 | €7,152 | €4,652 | -€2,500 | -34.9% |
| Other tangible fixed assets | 26 | €6,198 | €8,793 | +€2,596 | +41.9% |
| Current assets | 29/58 | €141,762 | €109,993 | -€31,769 | -22.4% |
| Amounts receivable within one year | 40/41 | - | €884 | +€884 | |
| Other amounts receivable | 41 | - | €884 | +€884 | |
| Cash at bank and in hand | 54/58 | €141,366 | €108,738 | -€32,628 | -23.1% |
| Deferred charges and accrued income | 490/1 | €396 | €370 | -€26 | -6.6% |
| Total equity and liabilities | 10/49 | €155,112 | €123,439 | -€31,673 | -20.4% |
| Equity | 10/15 | €139,884 | €114,939 | -€24,945 | -17.8% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €134,884 | €109,939 | -€24,945 | -18.5% |
| Amounts payable | 17/49 | €15,228 | €8,499 | -€6,728 | -44.2% |
| Amounts payable within one year | 42/48 | €15,228 | €8,499 | -€6,728 | -44.2% |
| Trade debts | 44 | €9,700 | €3,641 | -€6,059 | -62.5% |
| Suppliers | 440/4 | €9,700 | €3,641 | -€6,059 | -62.5% |
| Taxes, remuneration and social security | 45 | €3,806 | €3,000 | -€806 | -21.2% |
| Taxes | 450/3 | €3,806 | €3,000 | -€806 | -21.2% |
| Other amounts payable | 47/48 | €1,722 | €1,858 | +€136 | +7.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,120 | €4,319 | +€200 | +4.8% |
| Other operating charges | 640/8 | €656 | €400 | -€256 | -39.1% |
| Non-recurring operating charges | 66A | -€98 | -€0 | +€98 | +99.6% |
| Gross operating margin | 9900 | -€2,136 | -€19,563 | -€17,428 | -816% |
| Operating profit (loss) | 9901 | -€6,813 | -€24,282 | -€17,469 | -256% |
| Financial income | 75/76B | €86 | €0 | -€86 | -99.9% |
| Recurring financial income | 75 | €86 | €0 | -€86 | -99.9% |
| Financial charges | 65/66B | €272 | €510 | +€238 | +87.3% |
| Recurring financial charges | 65 | €272 | €510 | +€238 | +87.3% |
| Profit (loss) for the period before taxes | 9903 | -€6,999 | -€24,792 | -€17,792 | -254% |
| Income taxes | 67/77 | -€2,117 | €153 | +€2,270 | |
| Profit (loss) for the period | 9904 | -€4,883 | -€24,945 | -€20,062 | -411% |
| Profit (loss) for the period to be appropriated | 9905 | -€4,883 | -€24,945 | -€20,062 | -411% |
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 21 October 2026 via checked.be.